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Xiaomi AI strategy works, Xiao Ai’s monthly active equipment breaks through 30 million

On August 15, Xiaomi officially announced that as of the end of July, Xiao Ai’s monthly active devices exceeded 30 million. Xiao Ai woke up more than 1 billion times in July this year, and the cumulative wake-up has exceeded 5 billion times. With Xiaomi’s strong AI strength and product quick landing ability, since its release in March last year, Xiao Ai has ushered in an outbreak period and has become the most active artificial intelligence voice interaction platform in China. Xiaomi’s strong AI strength has paid off.

Lei Jun, founder, chairperson and CEO of Xiaomi Group, said: "As early as October 2016, we realized that the entire era has transitioned from the Internet era to the mobile Internet era to the era of artificial intelligence. We judge that the development of artificial intelligence strategy Xiaomi has many advantages: the support of rice noodles, a large number of end points, and a long time emphasis on Cloud as a Service and big data. In the future, artificial intelligence will be the core strategy of Xiaomi, to fully empower Xiaomi’s intelligent hardware and internet services, and help the company have strong competitiveness and new growth points in the future development."

Xiao Ai students empower Xiaomi full range of products

Cui Baoqiu, vice president of Xiaomi artificial intelligence and cloud platform, has repeatedly mentioned the three major advantages of Xiaomi’s AI technology, namely the advantages of hardware products, the advantages of big data, and the advantages of the extensive and deep layout of the ecological chain. Some AI technologies currently launched by Xiaomi, such as automatic speech recognition, scene recognition of AI cameras, and intelligent beauty, have received unanimous praise from users. Not long ago, Xiaomi also open-sourced its own mobile end deep learning framework, Mobile AI Compute Engine (MACE). Industry developers can use MACE’s powerful artificial intelligence acceleration technology to get more interesting and powerful applications in AI photography, AI image processing, intelligent object recognition, intelligent interaction, machine translation, etc. Empower China’s artificial intelligence industry and promote the implementation and application of AI technology in the Chinese industry. In Xiaomi, AI technology has a large number of application scenarios, from automatic speech recognition, NLP (natural language processing), to vision, Knowledge Graph and other technologies, there is a broad space for development. AI is everywhere in Xiaomi. With Xiao Ai as the core, Xiaomi AI has fully empowered Xiaomi’s various series of products. Xiao Ai has supported hundreds of Xiaomi and Xiaomi ecological chain products such as Xiaomi mobile phones, Xiaomi TVs, Xiao Ai speakers, children’s watches, children’s story machines, translators, car rearview mirrors, smart watches, etc.

In March 2017, the world’s first artificial intelligence voice TV – Xiaomi TV 4A was released, and Xiao Ai was officially launched. As of the end of July 2018, Xiao Ai’s monthly active devices have exceeded 30 million, waking up more than 1 billion times per month, and the cumulative waking has exceeded 5 billion times. Xiao Ai can control TV, sweeping robots, rice cookers, desk lamps, air conditioners and other smart homes; you can listen to music, check the weather, translate, chat and other daily applications; Xiao Ai students in the mobile phone can also make calls, information search, open APP, navigation, voice setting schedule reminders and other exclusive applications. Xiao Ai students have become an indispensable part of life. As Xiao Ai students continue to develop their skills, they will also have thousands of skills such as ordering coffee, buying movie tickets, sending express deliveries, and ordering songs.

Xiao Ai’s capabilities have covered nearly 100 sub-fields such as content, tools, and interaction. Third-party developers can also easily develop voice skills and voice services in various application scenarios through the Xiao Ai open API, bringing more practical skills to Xiao Ai and making Xiao Ai richer and more interesting. At the same time, the platform also allows developers to access intelligent hardware devices. Xiaomi hopes to integrate the strengths of each company, let more developers access it, and work together to really make artificial intelligence services. In the future, Xiao Ai will be everywhere, omnipotent, and shadow.

Xiaomi rapidly advances AI technology and empowers China’s artificial intelligence industry

Whether it is ordinary users or industry insiders, Xiao Ai has won widespread praise for its good experience. At the China International Big Data Industry Expo in Guiyang in May this year, Xiao Ai won the "2018 Leading Science and Technology Achievement Award · Black Technology" and "2018 Leading Science and Technology Achievement Award · New Product" double awards, which have been recognized by authoritative fields. Xiao Ai’s widely praised students reflect Xiaomi’s powerful AI technology.

In recent years, with Xiaomi’s rich technical accumulation in the field of "CBA" (cloud computing – big data – artificial intelligence), Xiaomi’s AI technical strength is growing rapidly. Xiao Ai’s vigorous development is due to Xiaomi’s strong AI strength: first, voice technology, including Keyword Spotting, automatic speech recognition, Text To Speech; secondly, natural language processing, natural language understanding, and behind the search and recommendation, intelligent Q & A, chat, etc.; finally, Knowledge Graph, content acquisition and understanding, Xiao Ai students can answer various questions, it is from the mastery of various knowledge.

It is understood that in just 8 years, Xiaomi has become the world’s fourth largest smartphone manufacturer, built the world’s largest consumer IoT platform, connecting more than 100 million smart devices. With the rapid implementation of AI technology, more and more smart devices will have Xiao Ai’s figure.

Xiao Ai has become a new growth pole for Xiaomi’s mobile Internet business

Traffic is king in the mobile Internet era. Hardware, internet service, and new retail are Xiaomi’s original "triathlon" business model. As an Internet company, Xiaomi has the advantage of low-cost traffic acquisition through well-priced and touching products. At present, Xiaomi MIUI has more than 300 million users and monthly active users exceed 900 million, becoming the main source of Xiaomi Internet revenue. Xiao Ai’s monthly active devices exceed 30 million, growing Xiaomi’s mobile Internet business as a new growth pole, and the future imagination is unlimited.

At present, the global artificial intelligence industry is in the ascendant, and the accumulation of technology and product practice are still on the eve of the outbreak. Whether it is a rookie in the industry or a large enterprise, they are all racing. As an emerging Internet company, Xiaomi takes user experience as the king, promotes technological innovation and landing with products, and relies on hundreds of millions of users and leading business models. It is bound to become an innovative practice representative of China’s artificial intelligence industry and promote the development of artificial intelligence industry.

Details hidden in Hengda’s annual report： two years of loss of more than 160,000 employees, Xia Haijun’s annual salary from 200 million to 140,000

　　On the evening of August 16, China Evergrande disclosed its complete annual reports for 2021 and 2022. Compared with the financial report released in mid-July, the disclosed annual report is more complete, from which more details of Evergrande’s corporate governance in the past two years can be glimpsed.

　　It is worth noting that when listing the rights and interests of major shareholders, the 2022 annual report did not indicate the relationship between Ding Yumei, one of the shareholders, and Xu Jiayin, but only referred to as "Ding Yumei". Compared with Evergrande’s previous 2021 interim report, Ding Yumei, the main shareholder, was referred to as "Mrs. Xu" rather than "Ding Yumei", or "Professor Xu Jiayin’s spouse, Ms. Ding Yumei".

　　In addition, in 2022, Evergrande lost a total of 58,077 employees, with a total attrition rate of 36%; in 2021, it lost a total of 102,340 employees, with a total attrition rate of 46%. Xia Haijun, known as the "working emperor", also saw his salary shrink significantly in 2022.

　　At the same time, Evergrande announced that in order to allow creditors under the Evergrande Agreement Arrangement time to consider the proposed subscription and its impact on Evergrande Agreement Arrangement creditors, the company has decided to postpone and reconvene the Evergrande Agreement Arrangement Meeting, and at the same time postpone and reconvene the Jingcheng Agreement Arrangement Meeting and the Space-based Agreement Arrangement Meeting, in order to be consistent with the schedule of the postponed and reconvened Evergrande Agreement Arrangement Meeting. The Hong Kong Evergrande Class A Agreement Arrangement Meeting will be postponed to the afternoon of August 28, 2023.

　　Xu Jiayin, chairperson of the board of directors of China Evergrande, said in the 2022 annual report released on August 16 that in line with the principle of respecting the principles of international restructuring, justice and fairness to the existing rights and requirements of all creditors, the company and its advisory team continue to conduct in-depth and detailed consultations with overseas creditors, and carry out multiple rounds of communication on the details of the restructuring plan, and steadily advance the formulation of the overseas debt restructuring plan. "Looking to the future, the company will make every effort to ensure the steady and orderly progress of key work such as’Guaranteed Jiaojiao Building ‘, do a good job in the continuous operation of new energy vehicles, property services and other sectors, explore the efficient disposal and effective revitalization of the company’s core assets, and steadily promote risk mitigation."

　　Over 160,000 employees in two years

　　According to China Evergrande 2021-2022 Environmental, Social and Governance Report, as of December 31, 2022, Evergrande Group had a total of 10,2910 employees (including 4,506 employees of Evergrande Automobile and 72,076 employees of Evergrande Property), and the number of employees in the real estate development and construction system decreased by 36.9% compared with the end of 2021. Correspondingly, Evergrande’s total employee cost (including director’s remuneration) fell from 14.07 billion yuan in 2021 to 4.63 billion yuan.

　　In 2022, Evergrande lost a total of 58,077 employees, with a total attrition rate of 36%; in 2021, it lost a total of 102,340 employees, with a total attrition rate of 46%. Of the approximately 58,000 employees who lost last year, the general staff 54,900, with an attrition rate of 38%; the attrition rate of middle and senior managers was 19%; and the attrition rate of leadership was 10%.

　　At the same time, as of December 31, 2022, Evergrande Group recruited a total of 40,120 new employees, and its total new recruitment ratio was 39%. Among them, general employees recruited the most, about 39,300 people, accounting for about 44%.

　　It is worth noting that when listing the rights and interests of major shareholders, in the 2022 Evergrande annual report released this time, the relationship between Ding Yumei, one of the shareholders, and Xu Jiayin was not specified, and only "Ding Yumei" was called. Compared with Evergrande’s previous 2021 interim report, Ding Yumei, the main shareholder, was referred to as "Mrs. Xu" rather than "Ding Yumei" or "Ms. Ding Yumei, the spouse of Professor Xu Jiayin".

　　In addition, Xin Xin (BVI) Co., Ltd., the actual controller of Evergrande Group, was only noted in the 2022 annual report as "beneficially owned by Professor Xu Jiayin". Compared with the 2022 interim report, the statement is that "according to the Securities and Futures Ordinance, the interests of Xin Xin (BVI) Co., Ltd. in the company are also deemed to be held by Mrs. Xu".

　　Evergrande’s announcement on August 14 described Ms. Ding as a "third party independent of the company and its connected persons" and that she also held about 5.99 per cent of China Evergrande’s total outstanding shares.

　　"The announcement has made it clear that Ding Yumei is a third party independent of the company and related persons. If it is a spouse, the statement of the announcement should not be a third party independent of related persons, but the actual divorce should be subject to the civil affairs department."

　　Ding Yumei was publicly disclosed as Xu Jiayin’s spouse, most recently in late 2021. According to the reporter’s inquiry, the Hong Kong Stock Exchange disclosed that Xu Jiayin and his subsidiaries provided as security to people other than qualified lenders as a guarantee, which caused the nature of the share interest to change. The document shows that Xu Jiayin’s spouse information column is Ding Yumei.

　　Salary reduced from 200 million to 21.23 million

　　As of December 31, 2022, Hengda Group’s directors and top executives were paid a total of 79.952 million yuan, of which Xu Jiayin’s salary totaled 126,000 yuan, executive director and president Sean’s salary was 24.52 million yuan, and Xia Haijun, known as the "working emperor", was paid 2123.1 yuan.

　　However, in response to the annual salary of some executives at Evergrande exceeding 10 million yuan, Evergrande responded on August 17 that it was a misunderstanding.

　　Taking the salary of Xia Haijun, the former president of Evergrande Group, as an example, the annual report shows that his salary in 2022 is 21.23 million yuan, including salary 7,000 yuan, director’s robe gold 134,000 yuan and option income 21.08 million yuan (unredeemable). Evergrande responded that according to Hong Kong’s financial accounting rules, even if the option cannot be redeemed, it needs to be included in the salary according to the assessed value of the option when it is issued, so the salary shown in the annual report is not the real income of executives.

　　In terms of robe gold and salary alone, Xia Haijun’s salary last year was about 141,000 yuan. But in the 2021 annual report disclosed by Evergrande, Xia Haijun’s salary alone was as high as 149 million yuan, with a total salary of 202 million yuan. In 2020, Xia Haijun’s salary when he was the CEO of Evergrande was also 165 million yuan, with a total salary of 204 million yuan.

　　It is understood that since the second half of 2021, Hengda has started the work of streamlining, optimizing personnel and reducing salaries significantly, among which the headquarters departments have been streamlined from 31 to 11, the headquarters management staff has been streamlined from 2,176 to 617, and the monthly salary of the president and executive vice president has been reduced to 10,000 yuan.

　　The reason why Xia Haijun is called the "working emperor" is that his annual salary at Evergrande is as high as 200 million yuan. In 2017, Forbes released the "Hong Kong Listed Chinese Stock CEO Salary List", Xia Haijun topped the list with 270 million yuan, and Yu Liang’s annual salary on the list was 9.79 million yuan and Mo Bin’s annual salary was 6.058 million yuan.

　　According to public information, Xia Haijun was born in Harbin in 1964 and graduated from Central South University and Jinan University with a bachelor’s degree in metal materials, a master’s degree in business administration (MBA), and a doctorate in industrial economics.

　　In 2007, Xu Jiayin spent a lot of effort to recruit Xia Haijun, and has been Xu Jiayin’s right-hand man since then, becoming the vice chairperson of the board of directors and president of Evergrande. But in July last year, the relevant banks enforced the deposit pledge of about 13.40 billion yuan in Evergrande Property. Xia Haijun, Pan Darong and Ke Peng, the then chief executive of Evergrande Real Estate, were all asked to resign.

　　In February this year, Hengda Property 13.40 billion yuan independent investigation of the main results announced, after the investigation, the independent committee does not recommend the restoration of Xia Haijun and other three original positions.

　　Xia Haijun’s most recent public appearance was in June 2021, according to media reports published on Hengda Group’s official Weibo, when Hengda Group and China Petrochemical Group’s strategic cooperation signing ceremony was held in Beijing. Ling Yiqun, deputy general manager of Sinopec, and Xia Haijun, president of Hengda Group, signed a strategic cooperation agreement on behalf of both parties. Zhang Yuzhuo, chairperson of Sinopec, and Xu Jiayin, chairperson of Hengda Group, attended the event and witnessed the signing.