Before the advent of intelligent hand ring, who know what is "healthy" wisdom? Only when the wearable intelligent equipment and people's strong need to exercise and healthy together, the emerging forms just emerging, and become a new force pulling information consumption. To 180 degree elbow pipe fitting asme b16.9 steel elbow realize information consumption scale to more than 3.2 trillion yuan in 2015, the average annual growth of more than 20% of the overall objectives, on promotion of information infrastructure, information product innovation of the supply is not enough, also need to use the mobile Internet, Internet of things, big data and cloud computing and beidou navigation, etc. A new generation of information technology, with the ANSI Sch40 butt welding eccentric reducer pipe fittings evolution of technology, integration, derived into new products and new applications for the origin, around the economic and social development in various new requirements for information service, gradually expand the form emerging forms of information services, such as health wisdom to make information consumption scale no longer depend on a new business, a few interesting products "bit" growth, but a set of industrial clusters "piece" expansion.
How big is the leading role? Only from STD seamless steel pipe ASME B36.10m tube these emerging information service mode, the size of the market growing rapidly, namely:
Covers the intelligent terminal, and the Internet of things technology of smart home industry, global market size of about $42 billion in 2009, is expected to be up to $124 billion, in 2015 and by 2020 the Chinese intelligent household industry is expected to total $2 trillion.Mobile Internet and satellite navigation, geographic information, and so on, led to the location information service (LBS) industry. Promulgated by the state bureau of surveying and mapping surveying and mapping geographic information development "twelfth five-year" planning outline is put forward, by 2020, one hundred million yuan annual output value is expected to be put into geographic information industry in China, the satellite navigation industry output value will reach 400 billion yuan.
The advent of the era of big data, making the Internet enterprise marketing become more technical content, and the cloud is promoted based on big data network the rapid development of precision marketing, gave birth to a new mode -- the Internet advertising crowd real-time bidding (RTB). RTB IDC 2012 accounted for 20% of all display advertising, Accordant Media estimates global RTB market share in the second quarter of 2012 was up 128% over the same period last year.
From P2P platform and network credit loans to alibaba "balance" released in June, July, sina issued the "bank", tencent micro letter released August 5.0 and "wealth FuTong", intensive Internet financial project. Balance of treasure to launch more than two months, only turnover reached 20 billion yuan.
And mobile Internet technology and its commercial mode innovation developed all kinds of new, more become the backbone of information consumption scale: mobile reading, the size of the market in 2012 is 2012 yuan, in 2015 will reach 2015 yuan. Mobile payment, the size of 74.2 billion yuan in 2011, is expected in 2015 will reach 712.3 billion yuan.Wireless music, up to 9.69 billion yuan in the first quarter of 2013 the market scale, market scale for the whole year is expected to exceed 40 billion yuan. Mobile phone games, the size of the market in 2012 reached 5.87 billion yuan, is expected to reach 9.6 billion yuan in 2013. Measured according to the Internet society of China, in 2012 China's mobile Internet industry scale more than 900 billion yuan, the equivalent of 1.8% of GDP, the added value of about 320 billion yuan, the direct contribution to GDP of 0.63%.
Wednesday, August 28, 2013
Tuesday, August 27, 2013
Medium and long-term trend down
Because of concerns that prices will occur in the third quarter adjustment, market sentiment hit hard. Some people even think that spot iron ore prices will remain low after the adjustment; Or 45 degree short radius pipe fitting elbows think that "China story" has come to an end, and so on. Ubs is expected after the adjustment of the third quarter, spot prices will rebound.
However, with the expansion of the main mining company project financed, seaborne trade and the global market since 2014, will be the excess supply of mass is expected to exceed 100 million tons/year. ASME B16.9 Butt Welded reducing tee Supply expansion as well as the diversified development of the major mining companies' pricing power is diluted. And, this structural change is the slowdown in demand for iron ore and China at the same time.
Upcoming excess supply pressure to long-term price forecast. Although the spot iron ore prices will face a seasonal changes, but the price of medium to longer term is facing a falling trend. China's high cost 3D eblow Carbon Steel pipe fittings producer and soon to enter the market of pure iron ore company will face more and more pressure, reduce the cost and shut down production capacity, they will eventually be a lower cost from Australia, Brazil and Africa's new supply. FOB powder ore (actual) for long-term price will be $72 / ton.
To sum up, although China's steel output remains strong, and iron ore in the supply chain inventory relative to run out, and the low level of inventory to provide support for price will continue for about a month of time, but the price adjustment will face the risk in the third quarter. October 9 - usually demand for iron ore in the off-season, and in 2013 also faces the new supply of Rio and Fortescue's listing. Long-term investors may not be affected by the short-term adverse factors, but the tactical investors may adjust the spot prices in the third quarter as a buy signal, because usually in the fourth quarter will usher in the commodity inventory before winter recovery.
However, with the expansion of the main mining company project financed, seaborne trade and the global market since 2014, will be the excess supply of mass is expected to exceed 100 million tons/year. ASME B16.9 Butt Welded reducing tee Supply expansion as well as the diversified development of the major mining companies' pricing power is diluted. And, this structural change is the slowdown in demand for iron ore and China at the same time.
Upcoming excess supply pressure to long-term price forecast. Although the spot iron ore prices will face a seasonal changes, but the price of medium to longer term is facing a falling trend. China's high cost 3D eblow Carbon Steel pipe fittings producer and soon to enter the market of pure iron ore company will face more and more pressure, reduce the cost and shut down production capacity, they will eventually be a lower cost from Australia, Brazil and Africa's new supply. FOB powder ore (actual) for long-term price will be $72 / ton.
To sum up, although China's steel output remains strong, and iron ore in the supply chain inventory relative to run out, and the low level of inventory to provide support for price will continue for about a month of time, but the price adjustment will face the risk in the third quarter. October 9 - usually demand for iron ore in the off-season, and in 2013 also faces the new supply of Rio and Fortescue's listing. Long-term investors may not be affected by the short-term adverse factors, but the tactical investors may adjust the spot prices in the third quarter as a buy signal, because usually in the fourth quarter will usher in the commodity inventory before winter recovery.
Monday, August 26, 2013
Yi letter online three days, netease share price increased by 14%
The market is always without the early. In the case of tencent has dominance, still want to incoming, in addition to the defense of tencent and interest.Yi letter online three days, netease's share price rose 14%, an increase of $1.2 billion market value. "For social schedule 40 hot dipped galvanized steel pipe tools, capital market for mobile IM still have a lot of enthusiasm, there really have the imagination." The investors said.
Due to the commercialization of micro letter has just opened, so it is still a lack of financial data for reference, but looked from the performance of the international counterparts, mobile IM commercialization problem seems to have had the answer.Japan's well-known mobile IM long radius butt weld pipe elbow application vendors Line group in 2013 Q2 results show that the Line this quarter revenue for 12.8 billion yen ($132.3 million), rose as high as 348.9%. The games business contribution of $53.7 million, accounted for 53%, the other half of the income from shops and marketing map expression.
In a letter on August 5, online version 5.0, tencent launched the game center, also officially kicked off the commercialization of micro letter, two game of "flying" and "love everyday to eliminate" quickly catch on around the country, the built-in prop charge "love everyday to eliminate" launched two weeks will be left behind, the old one hand high on the App API oil welded steel pipe Store seller second, government seems to have a notion.In fact, including games, value-added services, advertising and marketing, e-commerce, O2O, payment, such as a variety of Internet profit model, is the capital market as a mobile IM possible profit channel, which was the capital market of mobile IM mad.
For mobile IM commercial potential, however, the industry is not overwhelmingly positive. , a person familiar with the tencent insiders told reporters, "in the PC, instant messaging software is very rare to occupy the software of user task bar for a long time, but in the mobile terminal, all App on a user's desktop, they are closer to the user, the experience is better." In the source view, many opponents, IM in commercial road in the PC after migration to the mobile terminal, power is not.
Perhaps "mobile IM really is a gold mine, but the difficulty of excavation is very big, the Line is a breakthrough in the field and only games, expression, business marketing, and revenue absolute value is not large also, involving the offline O2O, mobile payment has no progress. If have hot such as micro believed in commercialization are so be careful on the road, slowly, let alone other mobile IM."
Due to the commercialization of micro letter has just opened, so it is still a lack of financial data for reference, but looked from the performance of the international counterparts, mobile IM commercialization problem seems to have had the answer.Japan's well-known mobile IM long radius butt weld pipe elbow application vendors Line group in 2013 Q2 results show that the Line this quarter revenue for 12.8 billion yen ($132.3 million), rose as high as 348.9%. The games business contribution of $53.7 million, accounted for 53%, the other half of the income from shops and marketing map expression.
In a letter on August 5, online version 5.0, tencent launched the game center, also officially kicked off the commercialization of micro letter, two game of "flying" and "love everyday to eliminate" quickly catch on around the country, the built-in prop charge "love everyday to eliminate" launched two weeks will be left behind, the old one hand high on the App API oil welded steel pipe Store seller second, government seems to have a notion.In fact, including games, value-added services, advertising and marketing, e-commerce, O2O, payment, such as a variety of Internet profit model, is the capital market as a mobile IM possible profit channel, which was the capital market of mobile IM mad.
For mobile IM commercial potential, however, the industry is not overwhelmingly positive. , a person familiar with the tencent insiders told reporters, "in the PC, instant messaging software is very rare to occupy the software of user task bar for a long time, but in the mobile terminal, all App on a user's desktop, they are closer to the user, the experience is better." In the source view, many opponents, IM in commercial road in the PC after migration to the mobile terminal, power is not.
Perhaps "mobile IM really is a gold mine, but the difficulty of excavation is very big, the Line is a breakthrough in the field and only games, expression, business marketing, and revenue absolute value is not large also, involving the offline O2O, mobile payment has no progress. If have hot such as micro believed in commercialization are so be careful on the road, slowly, let alone other mobile IM."
Circulation environment deterioration reservoir effect weakened
At the meeting, China united steel nets editor-in-chief Hu Yanping made entitled "China's steel market and industry development trend analysis" keynote speech.
She points out, from the perspective of the operation cycle of large, since 2011, the root cause of the steel price JIS MS plate flat welded forged flange decline lies in economic by upward cycle into a downward cycle, and 8% in 2011 to enter the following interval operation; Four trillion role in 9 to 10 years effect obviously, 11 years basically retreated; Iron and steel circulation industry credit crisis; Production capacity to maintain rapid growth.
Downturn in the market at the same time, in Long Radius 90 Deg carbon seamless elbow fact, steel prices in line with global commodity run trend, the CRB index will turn downward trend since the financial crisis, the domestic steel prices in line with this. According to statistics, cisa loss of 699 million yuan, in June 86 member enterprises in the first half of the total profit of 2.267 billion yuan, sales profit margin of only 0.13%. If remove noncore earnings, main business for the actual losses. At the same time, the key enterprise asset ratio rose to 69.5%, the highest since 2006.
Reported: Shanghai steel traders amount decreased ASTM A106 seamless carbon steel tube by 50%, reduce 15-20% in north China, other regions appeared different degree of reduced. In the rest of the traders, most in the downsizing, reducing steel mills DaiLiLiang, through changing the way such as offices and cut staff to reduce cost, gambling market is less and less, some enterprises exist in name only. Steel circulation industry continued to deteriorate, the market function significantly weakened reservoir, the fundamental reason is: (1) trader decline; (2) and downstream extrusion; 3. Money is tight; (4) legal environment.
She points out, from the perspective of the operation cycle of large, since 2011, the root cause of the steel price JIS MS plate flat welded forged flange decline lies in economic by upward cycle into a downward cycle, and 8% in 2011 to enter the following interval operation; Four trillion role in 9 to 10 years effect obviously, 11 years basically retreated; Iron and steel circulation industry credit crisis; Production capacity to maintain rapid growth.
Downturn in the market at the same time, in Long Radius 90 Deg carbon seamless elbow fact, steel prices in line with global commodity run trend, the CRB index will turn downward trend since the financial crisis, the domestic steel prices in line with this. According to statistics, cisa loss of 699 million yuan, in June 86 member enterprises in the first half of the total profit of 2.267 billion yuan, sales profit margin of only 0.13%. If remove noncore earnings, main business for the actual losses. At the same time, the key enterprise asset ratio rose to 69.5%, the highest since 2006.
Reported: Shanghai steel traders amount decreased ASTM A106 seamless carbon steel tube by 50%, reduce 15-20% in north China, other regions appeared different degree of reduced. In the rest of the traders, most in the downsizing, reducing steel mills DaiLiLiang, through changing the way such as offices and cut staff to reduce cost, gambling market is less and less, some enterprises exist in name only. Steel circulation industry continued to deteriorate, the market function significantly weakened reservoir, the fundamental reason is: (1) trader decline; (2) and downstream extrusion; 3. Money is tight; (4) legal environment.
Wednesday, August 21, 2013
Lending Club full of trading patterns
WebBank, an American federal deposit insurance corporation guarantees the Utah charter industrial bank) will grant loans to borrowers, at the same time, WebBank sell bonds to Lending Club, Lending Club again to sell the creditor's rights in the form of usufruct credentials to STD seamless steel pipe ASME B36.10m tube lenders (individual and institutional investors) to complete the loan deal.
Through this kind of trading patterns, lenders will actually be Lending Club the unsecured creditors of the company, and redemption situation depends on the situation of the repayment of the investment by the lenders loan customers. When customer default borrowing, Lending Club will not compensate for lenders, customers will alone bear the total loss of investment.
From the above information, it seems, Lending Club play the role of a medium in the transaction, providing both the exchange to be the carrier of information and transaction, does not provide other services astm a234 seamless carbon steel tee related to the financing guarantee extra, but this does not mean that lend the user has no way to deal with their overdue loans. In fact, Lending Club to the user through cooperation with Foliofn launched online trading platform, the creditor's rights can give you a discount on the creditor's rights trading platform to sell their loans, and some of the more professional investors through the analysis of historical data and accurate calculation and judgment, to expand their profit margins by acquisition of bad debts. Statistics show, in Foliofn debt trading platform, 16 days overdue debt American carbon steel eccentric reducer almost always sold under a discount of 10%, and the 16 days to 30 days overdue creditor's rights is often can clinch a deal with the discount rate of 30%.
This is Lending Club full of trading patterns. Which can guarantee the efficiency of the trading mechanism is the core elements including - independent of trading and have quite a credibility credit reporting bureau, effective non-standard asset securitisation and ability according to the historical data to correctly calculate the risk level of professional investors, those investors not only in Lending in the Club for effective risk diversification, also by other types of investment projects, the entire portfolio of risk management in an appropriate level, and this is usually small individual investors is difficult to do).
To look at the situation in China, due to the personal credit system's lag (compared with the development of less time for nearly 200 years), and the lack of substantial credibility completely commercial agency, can provide lending platform from a third party's credit rating, loan customer credit information collection, review and subsequent processing, ratings, etc. All work should be finished by the platform. According to the introduction, the platform of the profit mainly comes from the service fees charged by the after clinch a deal. So, if do not have to the platform under the condition of bad debt burden of any liability, the platform is to stimulate a deal as much as possible, and this will inevitably affect the fairness of the credit scores and grades. In the long run, will contain huge moral hazard.
On the other hand, due to a lack of focus on individual creditor's rights investment professional domestic investors, and all the data and information is used to measure risk are provided from the medium of exchange platform for the borrowing, but not exclusively at fair third-party trading, investors will be difficult to have the ability to make the investment decision is not affected by the platform. In addition, the general investors in handling overdue loans of the lack of ability and experience, would be likely to cause other risks. And, because of the different regulatory mechanisms, at this point in time in office on any platform by a deal of securitization of creditor's rights cannot be effectively, lead to a more professional institutional investors to participate in trading.
Through this kind of trading patterns, lenders will actually be Lending Club the unsecured creditors of the company, and redemption situation depends on the situation of the repayment of the investment by the lenders loan customers. When customer default borrowing, Lending Club will not compensate for lenders, customers will alone bear the total loss of investment.
From the above information, it seems, Lending Club play the role of a medium in the transaction, providing both the exchange to be the carrier of information and transaction, does not provide other services astm a234 seamless carbon steel tee related to the financing guarantee extra, but this does not mean that lend the user has no way to deal with their overdue loans. In fact, Lending Club to the user through cooperation with Foliofn launched online trading platform, the creditor's rights can give you a discount on the creditor's rights trading platform to sell their loans, and some of the more professional investors through the analysis of historical data and accurate calculation and judgment, to expand their profit margins by acquisition of bad debts. Statistics show, in Foliofn debt trading platform, 16 days overdue debt American carbon steel eccentric reducer almost always sold under a discount of 10%, and the 16 days to 30 days overdue creditor's rights is often can clinch a deal with the discount rate of 30%.
This is Lending Club full of trading patterns. Which can guarantee the efficiency of the trading mechanism is the core elements including - independent of trading and have quite a credibility credit reporting bureau, effective non-standard asset securitisation and ability according to the historical data to correctly calculate the risk level of professional investors, those investors not only in Lending in the Club for effective risk diversification, also by other types of investment projects, the entire portfolio of risk management in an appropriate level, and this is usually small individual investors is difficult to do).
To look at the situation in China, due to the personal credit system's lag (compared with the development of less time for nearly 200 years), and the lack of substantial credibility completely commercial agency, can provide lending platform from a third party's credit rating, loan customer credit information collection, review and subsequent processing, ratings, etc. All work should be finished by the platform. According to the introduction, the platform of the profit mainly comes from the service fees charged by the after clinch a deal. So, if do not have to the platform under the condition of bad debt burden of any liability, the platform is to stimulate a deal as much as possible, and this will inevitably affect the fairness of the credit scores and grades. In the long run, will contain huge moral hazard.
On the other hand, due to a lack of focus on individual creditor's rights investment professional domestic investors, and all the data and information is used to measure risk are provided from the medium of exchange platform for the borrowing, but not exclusively at fair third-party trading, investors will be difficult to have the ability to make the investment decision is not affected by the platform. In addition, the general investors in handling overdue loans of the lack of ability and experience, would be likely to cause other risks. And, because of the different regulatory mechanisms, at this point in time in office on any platform by a deal of securitization of creditor's rights cannot be effectively, lead to a more professional institutional investors to participate in trading.
Tuesday, August 20, 2013
Apple's supply chain problem again
In early August, from green jiangnan, public environmental research center, friends of nature, ring five environmental group friends of science and technology and natural university jointly issued "who in the pollution in taihu lake basin?" Research report, the 114mm carbon seamless steel pipe china suppliers exposure of foxconn, ding xin electronics two apple suppliers located in jiangsu kunshan factory a large amount of sewage, then the local regulators for the two companies, and other electronics makers.
As early as in August 2011, the five environmental groups against apple suppliers have seven months of investigation, found that apple 27 suspected supplier in China there are serious environmental problems, ASME B16.9 Butt Welded reducing tee such as heavy metal exceeds bid nearly 200 times, nearby residents disease rate and so on.
And China enterprise news reporter noticed that recently about not only the problem of pollution of apple's supply chain system, reports of labor problems has caused quite a stir.Also in early August this year, China labor watch groups have accused apple suppliers and united technologies exist to recognize 86 labor violations. The 86 cases of irregular event, 45 degree short radius pipe fitting elbows there are 36 cases broke the law, while 56 does not comply with the code of ethics. Main content is to seize employee id, poor staff living environment, child labor, pay low wages, forced overtime, etc.
For labor issues, China labor watch said in a statement, the violations of pegatron is serious than foxconn.According to reporter understanding, "more than" foxconn refers to March 2012, the nonprofit fair labor association pointed out that foxconn has dozens of serious violations of labor rights, such as overtime work time is too long, unpaid wages, etc. According to the report, in the three Chinese factory of foxconn, more than 60% of employees said its salary can meet the basic life need.
Chinese enterprises newspaper reporters in the Chinese labor research center offers a titled "the apple supplier squeezing labor - ten supplier survey data found that ten of apple suppliers is common problems such as excessive overtime, working conditions, high labor intensity, poor food and accommodation. Report also shows that the problems exist in the supply of apple all factories, rather than in a factory.
As early as in August 2011, the five environmental groups against apple suppliers have seven months of investigation, found that apple 27 suspected supplier in China there are serious environmental problems, ASME B16.9 Butt Welded reducing tee such as heavy metal exceeds bid nearly 200 times, nearby residents disease rate and so on.
And China enterprise news reporter noticed that recently about not only the problem of pollution of apple's supply chain system, reports of labor problems has caused quite a stir.Also in early August this year, China labor watch groups have accused apple suppliers and united technologies exist to recognize 86 labor violations. The 86 cases of irregular event, 45 degree short radius pipe fitting elbows there are 36 cases broke the law, while 56 does not comply with the code of ethics. Main content is to seize employee id, poor staff living environment, child labor, pay low wages, forced overtime, etc.
For labor issues, China labor watch said in a statement, the violations of pegatron is serious than foxconn.According to reporter understanding, "more than" foxconn refers to March 2012, the nonprofit fair labor association pointed out that foxconn has dozens of serious violations of labor rights, such as overtime work time is too long, unpaid wages, etc. According to the report, in the three Chinese factory of foxconn, more than 60% of employees said its salary can meet the basic life need.
Chinese enterprises newspaper reporters in the Chinese labor research center offers a titled "the apple supplier squeezing labor - ten supplier survey data found that ten of apple suppliers is common problems such as excessive overtime, working conditions, high labor intensity, poor food and accommodation. Report also shows that the problems exist in the supply of apple all factories, rather than in a factory.
Monday, August 19, 2013
House prices continue to rise
House prices continue to rise, to purchase, such as limit of loan security administration on the property market has been more and more is not obvious. In fact, the fastest rising housing prices in Beijing and guangzhou, all appeared even tougher "limit" policy, 89mm SCH40 Seamless steel pipe and tube which did not stop the pace of housing price."Without changing buyers expect and stakes outstanding cases, just need to be panic in the market, improve the purchasing power demand will overdraw. Can use short-acting regulation policy has come to an end, the effect will be smaller and smaller." Zhang Dawei said.
However, in the national house prices growing at the same time, some local quietly for the housing market began to relax, "fine-tuning" of real estate regulation policy.
On July price data came a week before, wenzhou is astm a234 CS seamless elbow R=1.5D performing to its diameter on the restrictions of adjustment, to relax the conditions for purchasing, wenzhou purchase enthusiasm was lit, sales offices again hot scenes. From July data, wenzhou is one of the few prices quarter-on-quarter fall, one of the cities housing prices dropped obviously for local government to "sit".
It seems to many in the industry, in the current macro economy as a whole under pressure, under the background of local fiscal revenue fell sharply, China's economic reliance on real estate does not decrease. Although similar in wenzhou in the fine-tuning loose policy, in the carbon steel seamless A106 steel pipe actual execution has little direct impact on the market, but it's very difficult to measure its demonstration effect, if repeated across such a loose, so to property buyers into the market enthusiasm, developers pricing psychology will produce very big effect.
On the one hand is waning administrative control effect; On the other hand, some local governments began to relax policy, inwardly fine-tuning cause market expectations.
"The market has come to the period" must first carry out a long-term mechanism. Zhang Dawei said that the role of the current administrative regulation, no doubt, but the reality of "no change" has caused people to the expected change in policy. Road to healthy development of real estate to depend on adjusted by the means of market, to make the market rules play a more and more big, the action of more sustainable.
However, in the national house prices growing at the same time, some local quietly for the housing market began to relax, "fine-tuning" of real estate regulation policy.
On July price data came a week before, wenzhou is astm a234 CS seamless elbow R=1.5D performing to its diameter on the restrictions of adjustment, to relax the conditions for purchasing, wenzhou purchase enthusiasm was lit, sales offices again hot scenes. From July data, wenzhou is one of the few prices quarter-on-quarter fall, one of the cities housing prices dropped obviously for local government to "sit".
It seems to many in the industry, in the current macro economy as a whole under pressure, under the background of local fiscal revenue fell sharply, China's economic reliance on real estate does not decrease. Although similar in wenzhou in the fine-tuning loose policy, in the carbon steel seamless A106 steel pipe actual execution has little direct impact on the market, but it's very difficult to measure its demonstration effect, if repeated across such a loose, so to property buyers into the market enthusiasm, developers pricing psychology will produce very big effect.
On the one hand is waning administrative control effect; On the other hand, some local governments began to relax policy, inwardly fine-tuning cause market expectations.
"The market has come to the period" must first carry out a long-term mechanism. Zhang Dawei said that the role of the current administrative regulation, no doubt, but the reality of "no change" has caused people to the expected change in policy. Road to healthy development of real estate to depend on adjusted by the means of market, to make the market rules play a more and more big, the action of more sustainable.
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