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Trillions of Aerospace run out of a super unicorn

Original, Liu Bo, investment community

This is an epic journey to the sea of stars.

Author I Liu Bo

Report I Investment Community PEdaily

The future has arrived.

In December, the Central Economic Work Conference emphasized that next year will focus on promoting high-quality development and leading the construction of a modern industrial system with scientific and technological innovation. The conference pointed out that it is necessary to build a number of strategic emerging industries such as bio-manufacturing, commercial aerospace, and low-altitude economy, and open up new tracks for future industries such as quantum and life sciences.

As a strategic emerging industry, commercial aerospace is becoming increasingly important.

With MIIT’s disclosure, China will accelerate the development and innovation of 6G technology, and achieve commercial use around 2030. This also means that another new node of mobile communication is coming soon. In other words, 6G network will form a fully connected world of ground wireless and satellite communication integration. It is not difficult to find that satellites will play a key role in it, which also gives a number of commercial aerospace companies the opportunity to show their strength. Space-time Daoyu is the leader among them.

What is the origin of Spacetime Daoyu? Established in 2018, Spacetime Daoyu is a technology innovation enterprise under Geely Holding Group. After five years of completing the layout of the whole industrial chain covering satellite research and development, manufacturing, measurement and control, application, etc., Spacetime Daoyu has now become the first commercial aerospace enterprise in China to achieve a commercial closed loop, with a valuation of over 10 billion yuan, ranking among the top echelons of commercial aerospace unicorns.

There has always been a view in the VC/PE circle that the unknown space is the last new continent for mankind. In the words of investors, the Chinese who missed the "era of great navigation" must not miss the upcoming "era of great aerospace". This is a truly epic journey to the sea of stars.

After 10 years of preparation, commercial spaceflight has exploded

Charge out a super unicorn

Looking back at 2014, China’s commercial aerospace industry ushered in an important juncture –

The "Guiding Opinions on Innovating Investment and Financing Mechanisms in Key Areas to Encourage Social Investment" was issued, which clearly stated that "private capital should be encouraged to develop, launch and operate commercial remote sensing satellites, provide market-oriented and professional services; guide private capital to participate in the construction of satellite navigation ground application systems." Since then, China’s commercial aerospace has begun.

Then in 2018, Spacetime Daoyu was established. At that time, Spacetime Daoyu founder and CEO Wang Yang had anticipated that commercial aerospace would become a strategic emerging industry in the information age and an important driving force for the development of global technology and digital economy.

How is the quality of the Space-Time Daoyu team? According to reports, since 2000, there have been no more than 100 important satellite models in China, of which engineers from Space-Time Daoyu have participated in the completion of at least 50 satellites, and each person has complete experience in more than 5 national key satellite models.

But Wang Yang knows that a more important prerequisite than having a strong technical team is to choose the right direction and track. Looking at the commercial satellite industry chain, high thresholds, many links, and strong complexity are significant characteristics. Therefore, start-up companies focus on a certain sub-field, and few have the layout of the whole industry chain, until the emergence of space and time.

Space-Time Daoyu is positioned as a provider of aerospace information and communication infrastructure and application solutions, covering the entire industrial chain from satellite R & D, manufacturing to application. "To use a popular analogy, Huawei provides ground-based information and communication products (ICT), while Space-Time Daoyu provides space-based information and communication products (AICT), both of which are dedicated to technological innovation and commercial applications in the field of human information and communication."

The rapidly rising space-time universe has been recognized by the capital markets in just five years, and it is reported that the latest valuation has exceeded 10 billion yuan. There is no doubt that a commercial aerospace super unicorn is rushing all the way.

Look at the product early, look at the mass production in the long run

At present, satellite commercialization is entering the era of mass delivery.

Let’s take a look at a set of intuitive data – the Blue Book of China’s Aerospace Science and Technology Activities (2022) revealed that in 2022, China completed 64 launch missions and developed and launched 188 spacecraft. At present, there is still a big gap between the number of 2,067 spacecraft launched by the United States in the whole year.

At the same time, industry data show that 100,000 satellites are expected to be deployed in low-Earth orbit in the future, and China has 30,000-40,000 satellites. Under the influence of factors such as the timeliness limit of ITU frequency declaration, the continuous increase of domestic policy support, and the continuous decline in rocket launch costs and satellite manufacturing costs, the manufacturing and launch of low-orbit satellites in our country is expected to enter an "exponential" growth period in the next five years. However, there is still a gap of 90% in the annual production capacity of domestic micro-satellites. Obviously, satellite manufacturing has become a key link in the development of China’s satellite industry chain.

With the inclusion of satellite Internet in the "new infrastructure", satellite manufacturing has been forced to enter the "industrialization" stage. The traditional production model is difficult to meet the huge demand for capacity for rapid networking, and short-cycle, low-cost, and mass production have become the prerequisites for the industry to accelerate.

Spacetime Daoyu Satellite Super Factory Production Line

"Look at the product in the early stage, look at the mass production in the long run", this is a profound lesson left by the development path of new energy vehicles to the market. The reason is not difficult to understand: in the early days of a segment, the product concept and product positioning determine whether it can be successfully launched into the market, and when the product competition gradually intensifies, the mass production speed and mass production capacity determine whether it can solidly occupy the market.

In today’s era of intelligent travel with integrated heaven and earth, commercial satellites are no exception. The last word for success lies in mass production capabilities. However, it should be noted that commercial satellites still face multiple challenges in large-scale manufacturing, including complex technology, high cost, vertical integration of supply chains, and extremely high quality and reliability requirements.

Among them, the cost has become the first question in front of commercial aerospace companies. According to Morgan Stanley estimates, the manufacturing cost of Starlink satellites is 1 million US dollars/piece, and founder Musk has publicly disclosed that the cost of a single satellite can be reduced to 500,000 US dollars. In contrast, according to the Zhejiang Securities Research Report, the average cost of our country’s low-orbit communications satellites is about 30 million yuan, of which labor costs + manufacturing costs account for about 50%.

The "2022 China Commercial Aerospace Industry Investment Report" shows that since 2015, the number of domestic commercial aerospace enterprises that have been registered and effectively operated has reached 433. Obviously, if you want to break through, you have to master the word "cost", and low-cost satellite manufacturing is the top priority.

The key to low-cost and fast mass production lies in: first, modular design, improve versatility and reuse rate, and shorten the delivery cycle of satellites; second, industrial-grade component replacement and core component self-development can reduce satellite manufacturing costs and simplify the development process; third, flexible pulsation production, taking the production of automobiles as an example, flexible production lines can produce both small-size economy cars and large-size luxury cars. The same is true for flexible production satellites, which can enhance the batch production capacity of satellites.

At present, Spacetime Daoyu may be the industry’s breaker. Compared with OneWeb, which is located in the first echelon of the global commercial aerospace industry, it is learning from the Airbus Group’s aircraft production line and assembling production in an assembly line to reduce costs and increase efficiency. Relying on Geely, Spacetime Daoyu was born with automobile manufacturing genes and took the lead in building a satellite super factory. It is the world’s first satellite mass production factory that deeply integrates aerospace manufacturing and automobile manufacturing. Through satellite mass production and intelligent manufacturing, it can help the global constellation network quickly.

It is understood that the Spacetime Daoyu Satellite Super Factory draws on the large-scale mass production manufacturing models such as intelligence and automation in the automotive industry to realize the disruptive innovation of satellite mass production AIT. Through modular design, flexible production, intelligent manufacturing and other technologies, and the use of parallel production in assembly lines, the design and production cycle of satellites can be greatly reduced, while the manufacturing cost of satellites can be greatly reduced.

As a fruitful integration of engineering capabilities in the aerospace and automotive industries, the effect is equally obvious. At present, the factory has broken through the production capacity limit of traditional satellite manufacturing, and can achieve a satellite production cost reduction of about 45% per day, which helps the constellation rapid networking construction. At the same time, by adopting a flexible production method, the factory can flexibly meet the final assembly, integration and testing of satellites of different models and specifications such as communication, navigation, and remote sensing satellites, and meet the needs of different types of constellation rapid networking construction.

With its strong mass production and delivery capabilities, Spacetime Daoyu also successfully fired the first shot of "heaven". In April 2022, Spacetime Daoyu completed the development of the first orbital surface satellite of the low-orbit future travel constellation. And in June of that year, it was successfully launched into orbit with a single arrow of 9 stars at the Xichang Satellite Launch Center, becoming another milestone in the history of China’s commercial satellites.

It is reported that in addition to manufacturing satellites for the future travel constellation of Spacetime Daoyu, its satellite super factory is also providing satellite batch production and one-stop in-orbit delivery services for industry partners, helping to rapidly build China’s satellite constellation and accelerate the rapid development of the satellite industry chain.

Without a doubt, facing the challenge of global satellite large-scale manufacturing, Space-Time Daoyu has already broken the industry boundaries by fully borrowing from the mature mass manufacturing concept of automobiles, thus achieving cost reduction and efficiency increase, and promoting China’s satellite manufacturing into the era of industrialized large-scale production.

Here comes another trillion-dollar race track

As the upstream of the commercial aerospace industry chain, satellite manufacturing will benefit first, and the next stop will definitely return to the "commercial" essence.

According to iiMedia consulting data, since 2015, China’s commercial aerospace market has grown rapidly, with an annual growth rate of more than 20% from 2017 to 2024. At the same time, according to Tabor Think Tank, the size of China’s commercial aerospace market will reach 2.80 trillion yuan by 2025. How can start-up companies get a share of the pie?

As we all know, commercial aerospace is a hard technology. In order to survive and develop, it is necessary to break the tradition and achieve disruptive innovation. And innovation is not only technology, but also business models and mechanisms. Therefore, in addition to building business systems based on satellite constellations, there is a need for practical commercial scenarios, which must be enough to cover the huge constellation construction costs.

More generally, for commercial aerospace, if technology is the foundation, then the construction of the industrial chain and the construction of the business ecosystem are the driving force for the development of the industry. Only when technology and business "walk on two legs" can enterprises go further.

Wang Yang has previously mentioned that the market-oriented mechanism has put forward higher requirements for private commercial aerospace, not only to achieve technological innovation, but also to make aerospace technology serve human production and life, and promote the economic development of human society. "Policies, market demand and other favorable factors are promoting our country’s commercial aerospace from manufacturing-driven to an era of comprehensive application traction."

Looking back at the history of commercial aerospace development, there are many losers. For example, Motorola’s Iridium plan, which lacks a correct judgment of the development potential of mobile communications, has suffered bankruptcy. In addition to Iridium, OneWeb also filed for bankruptcy in 2020 due to the impact of the epidemic on the normal operation of the company, unable to obtain financing. The reason is that due to the lack of large-scale commercial application scenarios, it is difficult to support its huge constellation construction and operating costs.

Because of this, what the Spacetime Daoyu team is doing is a commercial practice, not a scientific engineering experiment. What they want to do is to make the application of aerospace technology more simple and friendly, adapt to user requests, and make products more affordable. To be more straightforward, it is affordable for everyone. To this end, Spacetime Daoyu has made great efforts in satellite applications and has become the first commercial aerospace enterprise in China to achieve commercial closed-loop.

Among the many application scenarios, mobile phone satellite communication is detonating the industry trend. In recent years, Huawei and Apple have launched mobile phones with satellite communication functions. The reason why these consumer products can directly connect to satellites is to conform to the upcoming 6G era. 6G will have a new application scenario of "ubiquitous connection", and satellites will enable mobile communication to truly realize all-terrain and all-space three-dimensional coverage connection. CCTV previously reported that according to incomplete statistics, as of September 2023, the size of our country’s satellite communication market is around 80 billion yuan.

Space-time Dao Yu has also been forward-looking layout.

With its excellent satellite mass manufacturing capabilities, Space-Time Daoyu will have the ability to form network constellations faster than other commercial aerospace companies. They are building the world’s first low-orbit future travel constellation to serve the future travel ecosystem by deploying the whole orbit, and it is the world’s first commercial communication, navigation and remote sensing integrated constellation. The first orbit has been deployed, and nine satellites have been in orbit for more than one year. It plans to launch 02 sets of satellites in the constellation in early 2024 to complete the deployment of the second orbital plane. In 2025, the launch and deployment of 72 satellites in the first phase of the constellation will be completed, providing satellite application services for global users.

In addition, the "Space-Time Daoyu – Peking University Advanced Communication Joint Laboratory" was jointly established with Peking University, and the two sides are committed to conquering the core technology in the future communication field – while the same-frequency full-duplex communication technology. The satellite network is an important part of the future 6G. The two sides will jointly develop full-duplex communication low-orbit satellites, promote the on-orbit verification of this technology, synchronously promote the formulation of industry standards, and accelerate the implementation of industrial applications.

Of course, in the era of intelligent travel with the integration of heaven and earth, the car is the scene that cannot be ignored the most. Space-time Daoyu also gave a bright transcript – it is the first domestic aerospace product to achieve the standard R & D and mass production of vehicles, and the first commercial aerospace company to realize the large-scale application of vehicle satellite communication and high-precision positioning at the same time.

Specifically, Space-Time Daoyu innovatively introduced satellite communication services into new energy mass-produced vehicles, and launched the world’s first mass-produced satellite communication passenger car in conjunction with Polar Krypton to provide two-way satellite messaging and satellite call services. Its satellite-based high-precision positioning service (PPP-RTK) also achieved the world’s first large-scale on-board. During the Hangzhou Asian Games, Space-Time Daoyu provided high-precision positioning, satellite communication, and remote sensing technical support. By equipping nearly 2,000 officially designated vehicles for the Asian Games with Space-Time Daoyu high-precision positioning products and services, it realized accurate vehicle management and scheduling, and the cumulative guarantee mileage exceeded 2.02 million kilometers.

For the space-time universe that aspires to space, the pace of exploration cannot be stopped. Looking to the future, commercial aerospace is a global industry, so domestic commercial aerospace enterprises must take the initiative to go out and improve their international competitiveness. Only in this way can we promote the globalization of China’s commercial aerospace industry.

In fact, many commercial space companies and even countries around the world do not have the ability to independently build satellite constellations and carry out satellite internet services. Therefore, if Chinese commercial space companies can actively expand overseas business by building their own constellations, they will inevitably achieve new business growth.

It will not only provide satellite application data services for SCO countries and countries along the "Belt and Road Initiative", but also cooperate with Malaysian telecom operator Altel to promote high-tech research and development and system application, accelerate the implementation of solutions in smart ports, smart agriculture and other fields, and promote the globalization of satellite applications.

From building its own constellation and ground systems, to mass manufacturing of satellites, large-scale application of satellites, and rapid expansion of overseas markets. The purpose of Space-Time Daoyu is to close the loop of commercial applications in the aerospace industry, from completing the layout of the entire industrial chain to having continuous self-hematopoietic capabilities.

Today, Spacetime Daoyu has formed a R & D system with Shanghai Research Institute as the core and R & D centers in Nanjing, Xi’an and Wuhan as the support; has two business operation headquarters in Guangzhou and Qingdao; established business centers in Beijing and New York; established a satellite super factory in Taizhou, Zhejiang as a satellite manufacturing base; and laid out a global constellation measurement and operation control network. At the same time, we have implemented the global "Belt and Road Initiative" strategy and continued to promote the business implementation of "Belt and Road Initiative" countries and regions such as the Middle East and South East Asia.

Write at the end

Konstantin Tsiolkovsky, the Soviet rocket pioneer, once said: "The earth is the cradle of mankind, but mankind cannot be bound to the cradle forever, but will constantly explore new celestial bodies and spaces, and will begin to carefully penetrate the atmosphere and then conquer the solar system."

Looking back at history, in 1957, the world’s first man-made earth satellite was successfully launched, marking the official start of the human space age; and then in 1970, our country’s first satellite "Dongfanghong No. 1" was launched, playing music in space, and creating countless people’s indelible memories; today, a group of new space blood, like space and time, are still embarking on an unknown journey in the vast universe.

As Wang Yang, CEO of Spacetime Daoyu, said, "Aerospace is the most romantic industry, and it carries the dream of human beings to explore the universe."

The original title: "Trillion Aerospace Runs Out of a Super Unicorn"

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Which is the Chinese takeaway that appears in the movie？｜ 30 seconds to understand the movie

There is no specific restaurant, all Chinese restaurants use the same takeout packaging.

　　 1905 movie network feature In many movies and TV shows, when the protagonist eats Chinese takeout, he will order a white square carton takeout package. I believe fat friends will be curious about which Chinese restaurant can contract all the Chinese takeout shots in the film and television industry –

Movie screenshot

　　　In fact, this takeaway box is not exclusive to a certain restaurant. The reason why it has a high appearance rate is that all Chinese restaurants use this takeaway ******iformly, and the name of this takeaway box is called the oyster bucket.

　　　As the name suggested, this takeaway box was originally used to hold oysters. Later, after the American trend of eating oysters passed, many oyster barrels were put on hold. The shrewd Chinese restaurant owner "recycled" and bought the oyster box at a low cost as takeaway packaging. In addition, the design of the oyster box itself can ensure that the soup is not sprinkled, so it has been used until now and has become the standard of all Chinese takeaways.

　　　The improved Chinese food in the United States has long since become the sweet and sour taste that Americans like. Although chopsticks will drive them crazy, the low price and convenient packaging have still captured a group of Chinese food followers. For example, in the movie "Love and Spirit Medicine", Anne Hathaway has many scenes of eating Chinese takeaway food.

When does winter start？

Beijing Evening News Five Colors | Author Zong Chunqi

Winter is the coldest season of the year. In winter, "water begins to freeze, and the ground begins to freeze". Or ask: When does winter begin?

According to the climate theory, it is winter when the average temperature is below 10 degrees Celsius for five consecutive days.

Photo by Bai Jikai of Tanzhe Temple

According to the lunar calendar, October is winter. Lu You’s "Making Winter Work": "It’s time to give clothes to the moon, and it’s time to start autumn." September is called the month of giving clothes, and the Book of Songs says, "July is full of fire, and clothes are given in September." On the first day of October, the ancients called it "the first autumn day", and the son of heaven began to wear fur coats from this day. Emperors of past dynasties often gave ministers and soldiers golden clothes to keep out the cold on this day. On the first day of October, Chinese people celebrate the "Cold Clothes Festival", giving "cold clothes" and burning "cold clothes paper" to their deceased relatives. This is also the third festival in a year to remember our ancestors after Qingming and Zhongyuan.

According to the solar terms, winter begins in beginning of winter. This year’s solar term in beginning of winter is November 7th, and October 14th of the lunar calendar.

The ancients attached great importance to the solar term of beginning of winter. According to the Book of Rites, Zhou Tianzi began to fast three days before the beginning of winter. On this day in beginning of winter, the son of heaven personally led all the doctors to the northern suburb of the capital to welcome the arrival of winter. After you come back, you can "reward the dead, sympathize with the widowed"-reward the martyrs who died for the country and pay for their families. There are also a series of sacrificial activities: "La Ancestor, Five Sacrifices". There are different explanations about the Five Sacrifices. One explanation is to worship the five-color emperor in the palace; One explanation is to worship the gods of the five senses: door, door, well, stove and zhongliu; Another explanation is to worship the officials of Jin Mu’s five elements of fire, water and earth: Ru Shou, the golden god, Ju Mang, Xuan Ming, the water god, Zhu Rong, the earth god and thick earth. In short, all the "gods" that can be thought of and used in production and life should be sacrificed.

After beginning of winter, the Emperor of Heaven wanted to let the peasants rest, let the army generals train and practice martial arts, and let the civilian officials collect taxes-"It is the life of the water, and the fishermen collect the water from the spring." Shuiyu is in charge of Chuanze, and the fisherman is in charge of fishermen. The son of heaven warned these officials in advance: "Don’t or dare to encroach on the common people, thinking that the son of heaven takes the blame from the next"-don’t exploit the people and cause them to resent the son of heaven; "if there is such a person, there is no sin!" This is probably the earliest warning to officials that "corruption is not allowed".

Northern agricultural proverb: "If beginning of winter doesn’t cut vegetables, it will definitely suffer from frost." The critical value of Chinese cabbage freezing is-5℃. At this time, if Chinese cabbage is allowed to grow in the ground, it will be frozen.

According to "China Meteorological Disaster Ceremony: Beijing Volume", on November 7, 1968, the temperature dropped by 12.6℃ in 48 hours in beginning of winter, and the daily minimum temperature was-7.8℃. Chinese cabbage in the suburbs of Beijing suffered severe freezing damage, with a loss of more than 100 million kilograms.

Reporting/feedback

Zhang Xuhao held a ＂pit＂ for four years.

Original liuyong juchao WAVE

Text | liuyong

Editor | Yang Xuran

One day in December 2021, Zhang Xuhao released a circle of friends:

"Our aim is that 2680 yuan must be used in playgolf for everyone to learn golf. In fact, this movement is very simple and very civilian, and it cannot be demonized by past thinking. "

Only then did people find out what Zhang Xuhao had been doing quietly in recent years.

Back in April 2018, he sold "Hungry" to Alibaba for $9.5 billion, and then fell into silence-perhaps this silence is just an external manifestation of enjoying life.

In fact, people found that after he left hungry, he registered several companies soon: in March 2018, he registered Shanghai Puguan Business Consulting Partnership (Limited Partnership) and set foot in the consulting field, but at present it shows that it has been cancelled; In April of the same year, Shanghai Yuduo Business Consulting Co., Ltd. was registered with a registered capital of 5 million yuan.

Since then, he has taken a stake in Shanghai Yangwan Network Technology, which is a blockchain company mainly established by technical backbones who have been working hard with Zhang Xuhao for many years, but there is no following after 2020.

Besides, he once worked as an investment partner in Yuanjing Capital, an Ali-based capital company. But this is not the career he wants.

Until now, Zhang Xuhao, with a fiery personality and a strong desire to win, finally returned to the battlefield with another attitude. It’s just that few people can imagine that his eye will be on golf-it’s hard to be called an excellent track, so that to many people, his second venture is a bit like a ticket game, even a bit like into the pit.

Expensive consumption

A veritable "minority movement"

"Golf is actually not difficult. The small white group only needs 10 classes, which is only 2680 …"

Just like the low-price strategy adopted when he was hungry, Zhang Xuhao still wants to stick to the low-price model this time. He believes in the development potential of China’s sports industry, and thinks that it is not necessary to imagine golf as unattainable. "Golf is actually very simple".

The origin of golf in China happened to be the same year that Zhang Xuhao was born. At that time, for the purpose of providing leisure and entertainment for foreign businessmen, golf courses first appeared in cities where foreign companies gathered, such as Guangzhou and Shanghai. In other words, it is aimed at high-income business people from the beginning.

Golf courses usually serve urban business people.

In the actual stadium operation, from design to maintenance and operation, it also shows that this is a veritable "minority" movement.

Head leopard research institute has calculated such an account:

First of all, the design of golf courses is very professional, but there is a serious shortage of talents in this respect in China, so it is usually necessary to hire foreign designers. Generally, the design cost of an 18-hole standard course is as high as 500 thousand to 2 million dollars, and the design price of celebrities is higher. For example, the design cost of two courses designed by professional golfer Tiger Woods under the name of Beijing Tianan Holiday Golf Club is as high as $16.5 million;

Secondly, the investment in fixed assets and daily maintenance of golf courses are "burning money". Golf courses must occupy a lot of land. The standard 18-hole course is usually about 750 to 1500 mu, and the cost of land acquisition accounts for 70% of the total fixed assets cost. The remaining 30% is spent on paving lawns and importing some professional maintenance equipment such as punching machines and lawn mowers.

At the same time, lawn maintenance also needs a lot of water. According to the report, its average water consumption is 46 times that of cereal crops of the same area, and the daily water consumption of standard courses is as high as 2,000 to 2,500 tons, which is a huge burden for cities with high water consumption costs.

Therefore, the tax authorities in China set the business tax of golf and other industries at 20%, and some areas also levy high water resource use fees on water used in special places such as golf courses, which will inevitably further push up its operating costs.

The agency estimates that it usually takes 14 years for a standard golf course to recover the cost of fixed assets.

The high fixed cost of golf courses has created high prices.

All this is bound to be passed on to consumers without exception. At present, golf in China is basically a private venue, with a membership system, and the individual price is higher. Generally speaking, the price of a membership card is in the range of more than 100,000 to hundreds of thousands or even millions of RMB, and the individual plays a game in the range of two or three thousand yuan.

PLAYGOLF CLUB tries to break such a high-priced convention-the exquisite 20-seat private room of 50 square meters distinguishes the prices of visitors and members. The price of two-hour leisure package visitors is 1040 (weekdays) and 1280 yuan (holidays), and the member is 1000 yuan; The exclusive package for 4 hours (including one extra hour) costs 1560 yuan (weekdays) and 1920 yuan (holidays) for visitors and 1500 yuan for members.

In addition, the training course for "Xiaobai" is 2680 yuan for 10 classes.

Compared with other professional courses, the price offered by Zhang Xuhao is not much different from that of a bowling or tennis game, and it is really very close to the people, which may attract a group of urban middle class. However, the question is whether there are enough consumers, and whether it can help Zhang Xuhao cover all costs and even profits by taking the volume.

Desolate battlefield

Golf has neither a huge mass base nor a future.

Zhang Xuhao has a lasting enthusiasm for sports, and his habit of playing basketball continued until he was hungry.

Obviously, golf has become his latest hobby. He once said that the balance required by golf is his pursuit, and he also tried to turn this hobby into his next career. In order to promote the project, he spent 150 million yuan to renovate Huangxing Golf Course, which may be the biggest investment since he was hungry after selling it.

However, the golf course in China has never been seen in sturm und drang. According to the statistics of Huajing Industrial Research Institute, the size of China’s golf market in 2020 is only about 10.26 billion yuan, up 4.37% year-on-year-which is already a good year for this sport in recent years.

However, this figure is still in sharp contrast with the rapid growth of economy and residents’ consumption expenditure in the past years: in 2021, the per capita consumption expenditure of residents actually increased by 12.6%, reaching 24,100 yuan, of which the expenditure on culture and education increased rapidly, with the per capita consumption expenditure on education, culture and entertainment increasing by 27.9%, accounting for 10.8% of the per capita consumption expenditure.

The ugly data indicates that golf has neither a huge mass base nor a bright future.

Golf is a typical foreign product.

As early as 1997, the State Council issued the "Notice on Further Strengthening Land Management and Effectively Protecting Cultivated Land", which laid the policy tone for strict examination and approval of new golf courses. Until 2003, the then Ministry of Land and Resources regarded the golf project as a local "image project" and demanded that "no land should be submitted for approval".

Since then, this policy has been reiterated again and again. By 2014, the phenomenon of official corruption involving high consumption of golf balls was extremely common, which even stimulated the official to check and rectify the industry.

"Corruption in playing golf illegally" once became a high-frequency word. For example, Bai Enpei, the former secretary of Yunnan Provincial Party Committee, was exposed to play golf three times a week and usually played with businessmen. "Playing golf is gambling. If any developer wants to send money to him, then play golf, deliberately lose to him, and bribe in disguise …"

The National Development and Reform Commission and other 11 departments jointly requested to sort out the existing golf courses, of which more than 100 closed down and only 400 remained.

It’s hard to say whether Zhang Xuhao was influenced by his hobbies.

This situation did not basically end until 2016. In the following six years until today, golf has been officially restored as a sport, but in all sports industries, it still hides in a dark corner and becomes synonymous with corruption and luxury. It is divorced from most people’s lives, floating in the air like clouds, but it is not white and beautiful.

start a new undertaking

The "phantom of the policy" has never subsided.

Unlike the hungry from scratch that catered to the rise of takeout and the popularity of smart phones, Zhang Xuhao now faces a completely different reality.

As mentioned above, the fate of golf seems to have ushered in a turning point after 2016, and the outside world is optimistic about the future development prospects. But in fact, the "phantom of the policy" has never subsided, and the construction of new golf courses is still banned.

Even PLAYGOLF is not a new project. It is just that Zhang Xuhao has integrated several golf clubs that were originally subcontracted by Huangxing Sports Park and re-opened them in the name of golf training ground after spending 150 million yuan to rebuild them. Even today, some public opinion still thinks that Zhang Xuhao has played a policy "edge ball".

PLAYGOLF project integrates several clubs in Shanghai.

In fact, the scale of golf industry in China has been hovering at a low level in recent years, which not only has the influence of past policies, but also has the factors of weak consumption.

Statistics show that the number of golf facilities in China in 2019 was 380, down 1.3% year-on-year; The number of golf holes in China is 8,360, down 5.5% year-on-year. Of course, the golf market in China will still grow by 4.4% in 2020, but the main reason may be the investment in youth training supported by the state.

When Zhang Xuhao aimed at the middle-income group of 400 million in the future, it probably didn’t consider the possibility that the situation of this group would deteriorate. Although the total economic output of China has successively exceeded the scale of 100 trillion yuan and 110 trillion yuan, the economic growth rate has rapidly dropped from "9" to "5" in the past 10 years. It is extremely doubtful whether the high-speed growth of first-tier cities with concentrated golf courses such as Beijing and Shanghai will be more unsustainable due to economic restructuring and other reasons.

As a result, the general social anxiety leads to weak consumption, which has become one of the main economic problems facing China at present. From the actual situation since 2020, the urban middle class is becoming increasingly cautious in consumption, and it is doubtful whether experiencing golf will become a part of their consumption list.

Zhang Xuhao is the biggest entrepreneur in the history of golf industry.

What’s more, the short-term impact of the epidemic is like a house leak that rains all night.

Established in 2020 and after more than 300 days and nights of renovation, when PLAYGOLF CLUB announced its "return" in March 2021, the COVID-19 epidemic was still not over. In fact, in the past year or so, PLAYGOLF CLUB has been repeatedly closed for business-of course, there are also reasons for renovation and maintenance.

On April 25th, it said in an article on the official website "When the Pause button was pressed in Shanghai" that it was the 25th day that it was impossible to practice in PLAYGOLF CLUB …

Going against the current at this historical node, the resistance that Zhang Xuhao faced in his new career can be imagined.

In those days, when he was hungry, Zhang Xuhao cashed in billions of huge wealth, and in a few years, he walked the road of many entrepreneurs all his life. This is his success. But I’m afraid the money was not burned casually.

Write it at the end

Most successful entrepreneurs can’t copy their own legends. How many people succeeded in digging up the first bucket of gold in life, but they only stopped at the first bucket of gold.

For example, in the internet field, in the past, there were not a few people who sold their companies and gained huge wealth in the internet field, and there were not a few entrepreneurs who rejoined the business world, but there were almost no winners again.

For Zhang Xuhao, Hungry’s entrepreneurial experience is full of legend, and he has gained the wealth and success that countless people hope to achieve. As a post-80s rich man in the sunshine, we hope his experience can inspire more people. I hope that his golf popularization route is only a temporary misfortune, just like the early days of the take-away market, which is "mistaken" by more people.

Thank you for your patience in reading. At the same time, I recommend paying attention to Juchao Business Review and finding the wonderful dry goods of stock investment:

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Original title: "Zhang Xuhao held a" pit "for four years | Tide"

18 life jokes, funny and reasonable!

Source: WeChat WeChat official account "Sanwei Poetry House"

Editor: Ni Jie (intern)

[Disclaimer: This number is the official public welfare account of "Reading for All", and this article is reproduced for the purpose of transmitting more information. Please contact us if the source is mislabeled or suspected of infringing your legitimate rights and interests. We will correct and delete it in time, thank you. 】

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Plant a football seed.

"Go to Beijing to play football." Xu Jiajia fulfilled a dream of her own.

On July 8, Beijing Workers Stadium, like many famous players who play football here, photos of Xu Jiajia and a group of small teammates were hung in the players’ locker room. On this day, the U13 youth football team in Southwest Guizhou Province and the U12 echelon in Beijing Guoan mixed the competition.

Four years ago, with the help of poverty alleviation cadres, Xu Jiajia entered Luguan Primary School in Xingren City with more than 1,200 students from a rural school in Southwest Guizhou Province. There, she met a teaching policeman from Beijing, was selected for the football team, played well, and was promoted to a key middle school in Southwest Guizhou under the leadership of a "police coach". Last week, she flew to Beijing for the first time and kicked the football into the Beijing Workers Stadium.

On July 8th, the youth football team in Southwest Guizhou took a group photo with the players from beijing guoan football club. Beijing News reporter Wang Fei photo

This is a story about a girl’s dream in an ordinary mountain village, but behind it is a story about a group of people helping another group to ignite hope.

In March 2021 and September 2022, the Beijing Municipal Public Security Bureau sent two groups of 40 policemen with professional expertise to Xingren City and Pu ‘an County in Southwest Guizhou Province to teach football and English for three years. Among them, two groups of 24 football teaching policemen (four remained) continued to popularize campus football, and a total of 22 campus football teams were formed, which led the campus football teams to achieve excellent results in competitions held in the country, Guizhou Province and their counties and cities.

Driven by the planning of the teaching team, the government of Southwest Guizhou established a youth football training base in Xingyi, the capital, and established a "full chain" promotion channel of "primary school-junior high school-high school-university-employment" for outstanding football talents in Southwest Guizhou.

Thirteen-year-old Xu Jiajia has a bigger dream, "Go out of the mountains and go to a better place to study." The teaching police planted a seed in the hearts of children.

On July 5, in the friendly match between the youth football team in Southwest Guizhou Province and the Beijing youth team, Xu Jiajia and his teammates embraced and cheered after the goal. Beijing News reporter Wang Ying photo

"I’m going to play football in Beijing."

In June in Guizhou, honey plums are in full season, and the branches and leaves of plum trees are pressed by fruits. When the wind blows, they sway gently with the rustling sound.

"I’m going to play football in Beijing." Children’s cheers came from the distance. Xu Jiajia, with neat short hair and a tanned face, ran home, followed by two "police coaches" from Beijing.

The yard was lively in an instant. Mother Lin Yi-fen rubbed her hands nervously, and her feet were busy, bringing washed plums for a while, touching eggs in the chicken coop, picking bacon from the beams, and then diving into the kitchen to get busy; Father Xu Shenggui told the two coaches that he had a strong accent and a fast speech, and repeatedly said, "Jia Jia has bothered you."

The 13-year-old Xu Jiajia is the only child in the village who went to Xingyi, the capital of Southwest Guizhou Province, to attend a public junior high school. She got good grades and was selected for the U13 women’s football team in Southwest Guizhou Province, and will soon go to Beijing to participate in the youth football summer camp. More than two years ago, she often skipped classes, was the "big sister" among children of the same age, and was also a "problem student" that made teachers have a headache.

In those days when she felt ashamed and regretted in retrospect, Jia Jia met Song Xiaochuan, a policeman who came to teach. He is like a light, shining into Jiajia’s life.

In 2021, the children who have just been elected to the football team are training. The former one in the picture is Xu Jiajia. Photo courtesy of respondents

On March 18th, 2021, the first batch of 18 teaching policemen from Beijing Public Security Bureau went to 6 schools (3 primary schools and 3 junior and senior high schools) in Xingren City and Pu ‘an County, Southwest Guizhou Province, and started the fixed-point assistance and teaching work. Song Xiaochuan and his partner set up a football team in Luguan Primary School in Xingren City.

Song Xiaochuan found that Jia Jia is a good prospect. In the fifth grade, she runs fast, has good physical fitness, is smart and has a strong understanding. She was not only selected for the team, but also selected as the captain.

After more than a year, these children, who didn’t even know what football was at first, sweated day after day on the training ground and learned to pass, dribble and shoot a little bit … They represented Luguan Primary School in Xingren Campus Football League and won many championships.

Xu Jiajia was selected for the training team in Southwest Guizhou, together with 15 male players and 11 female players brought by the teaching police. They can go to Xingyi, the capital of Southwest Guizhou, to attend junior high school.

The opportunity is just around the corner, but Jia Jia’s father is in trouble. When he received a phone call from his daughter, Xu Shenggui was blinded. He was working in a rubber factory in Taizhou, Zhejiang Province, and he needed to do a good job.

The Xu family had five children, and Jia Jia was the youngest. Including her, three children were studying at that time. Reading needs money. His wife Lin Yifen has liver disease, and seeing a doctor needs more money. A family of seven lives by farming, raising pigs and Xu Shenggui doing odd jobs. And to go to Xingyi City to study, you have to spend an extra sum of money every month.

On July 1, Xu Jiajia’s mother Lin Yifen (first from the right) talked about Jiajia’s going to Beijing, smiling. Beijing News reporter He Junyi photo

Without hesitation for too long, Xu Shenggui quickly called Jia Jia back. "Go, you have to endure it at home no matter how difficult it is." In the depths of this mountain, reading is a top priority for ordinary farmers. Xu Shenggui has always regretted that she couldn’t go to junior high school because she couldn’t afford the tuition in 90 yuan, and felt even more sorry for her eldest daughter who was admitted to the university but voluntarily gave up choosing to work.

Xu Jiajia is very lucky. She met many "distinguished people" on her way to school. In the third grade, the resident poverty alleviation cadre and Xu Shenggui proposed to send Jiajia and her brother to Xingren City to study, and helped them contact the school. The two brothers and sisters just entered the city, and Jia Jia also had the opportunity to become a student of Song Xiaochuan.

"Go to a better place to study." It is the hope that the children of this family will walk out of the mountains. Jia Jia has gone further and further, and can go to Beijing to play football. Her parents are not at ease and keep telling her, "Listen to the coach and don’t get hurt during the game."

"Show them the outside world"

After teaching for more than two years, the "police coaches" from Beijing have established a football team from scratch in their respective schools, and they have also gained good results.

The police promoted the establishment of a football association in Pu ‘an County, achieving the goal of having a football association in the whole state of southwest Guizhou. Xingren Phoenix Middle School established the first high school women’s state-level team in Southwest Guizhou. At the 11th Sports Meeting of Guizhou Province held in August, 2022, it won the sixth place in women’s group A, which is the best result in Southwest Guizhou since the resumption of the provincial sports meeting in Guizhou Province. In the 2022 Youth Football Invitational Tournament in Central and Western China, two U12 football teams led by teaching police won all four games, and stood out among 20 teams from 9 provinces and won the first prize …

Walter WANG and Zhang Jinan led the women’s football team of Phoenix Middle School to participate in the competition on behalf of Southwest Guizhou. Photo courtesy of respondents

At the beginning, it was difficult to find a few children who had been exposed to football in the school. The brand-new playground, the newly-sodded standard football field and the shiny metal goal were just places to run and climbing tools in the eyes of children.

In order to set up the first high school women’s state-level team in Southwest Guizhou, Walter WANG, a policeman who teaches teaching, and his colleagues drove from place to place to find someone, and accumulated more than 5,000 kilometers of mountain roads. Finally, 28 junior high school graduates were selected in Xingyi, Xingren, Anlong, Zhenfeng, Wangmo and other counties (cities) and arranged for them to go to Phoenix Middle School for study and training.

Most of these children’s academic performance is not excellent, their family conditions are also very difficult, there are many brothers and sisters, their parents work outside the home all the year round, and even some children have taken on the burden of raising their brothers and sisters. Bellome is one of them. After being elected, her family didn’t allow her to play football.

"What’s the use of playing football?" Teaching police have been questioned more or less like this. They patiently explained, "There are many different paths in life, and football may open a window for children." When they have time, they will also visit their homes to persuade parents who are worried. With the joint efforts of the coach, the Wangmo county government and the staff of the Education Bureau, Bellome finally appeared in the training ground.

Walter WANG on the training ground is strict and unsmiling. Beijing News reporter He Junyi photo

Being a teacher is a big challenge for the police. Cai Shuo, a policeman who teaches at Longxi Shiyan School in Pu ‘an County, has a "headache" student named Chen Jinfang. The little girl is a versatile player with good physical fitness and strong explosive power, but she is too introverted and shy.

For a long time, Jin Fang never looked up, didn’t talk and didn’t respond to the coach during training. Cai Shuo was anxious to ask a few words, and she cried. Cai Shuo, who was less than 30 years old, was helpless in the face of such a small child.

When he first arrived at Longxi Shiyan School in Pu ‘an County in 2021, Cai Shuo was guiding the children to train. Photo courtesy of respondents

A year and a half later, Cai Shuo learned about her psychological state at that time in Chen Jinfang’s letter to him. "I don’t know anything about football, I don’t know how to play, how to stop the ball, and how to defend, just like a baby facing a fresh world …"

In this brand-new football world, coaches teach children the rules and skills of football hand in hand and take them into a broader world.

Walter WANG and his colleagues tried their best to "beg for alms", helping the children with clothes, football, backpacks and other subsidies, adding meals to them by stewing beef and chicken legs on weekends, and also raising various expenses such as transportation, accommodation and so on when going out for competitions. "Take them to see the outside world."

"I can do it!"

Football training is a hard job, and the ultimate pull of body and perseverance can be exchanged for progress.

Every training, Xu Jiajia tried her best to run on the court. "She dares to fight and rob," Song Xiaochuan said, which is Jia Jia’s advantage.

Xu Jiajia (right) and her teammates strengthened their training in order to welcome the friendly match of Beijing Summer Camp on July 4th. Beijing News reporter He Junyi photo

She still has an indomitable spirit. When she first entered junior high school, Jia Jia underwent two operations on gastroenteritis and appendicitis, and her training and study fell behind a lot. The former captain of Luguan Primary School was no longer conspicuous in the "master as a cloud" state team. Shi Miao, who is the physical fitness coach and life coach of this team, can see that Jia Jia is a little frustrated, but she is still trying to catch up.

On June 29th, in a training on the eve of going to Beijing for a youth football summer camp, Jia Jia started a low-grade fever, and her face was red and sweaty, but she still didn’t want to take time off. "I can’t delay any longer." After biting her teeth for two hours, she was still exhausted and almost fainted in the turn-back running event at the end of the training. When Miao forced her to have a rest, she sat on the sidelines and drank water to cool down. Jia Jia gasped and watched her teammates training, and her brow twisted tightly.

Xu Jiajia once said that since joining the football team, life has become more specific. "Fight hard and win."

Every time after training, Walter WANG is often hoarse and exhausted. Beijing News reporter He Junyi photo

But "winning" is by no means the only thing that the coach wants to pass on to the children. In addition, there are self-confidence, persistence and faith.

No team is sure to win or lose, especially for the newly formed team, losing is inevitable. Falling down and conceding goals again and again are all regarded by Bellome as a ditch on the road to success. If you get up and cross over, you will always make progress.

In the 2021 Guizhou Football Association Cup Youth Football League, the Phoenix Middle School Women’s Football Team won the eighth place, and seven players won the national second-class athletes’ places, including Bellome, which is a great help for her to get into a sports professional college in the future.

After Chen Jinfang was selected as the goalkeeper of the state team in Southwest Guizhou, it was like a different person. Cai Shuo was sure at that time that Jin Fang’s past performances came from his lack of self-confidence. "Until she participated in the selection in the state, she found that she was still the best, and she really never cried again. In the past, I made a detour, but now I dare to’ provoke’ me.’ Coach, you can’t run, so you’re not as fast as me.’ "

In the summer of 2022, Chen Jinfang (3 from the right in the back row) was selected to the Southwest Guizhou Women’s U12 Training Team, and the team members took a group photo with coach Tang Yongxin. Photo courtesy of respondents

The little girl crying on the football field is gone. Chen Jinfang is very hard-working in training, which she attributes to her childhood exercise. She has three sisters and a younger brother, who is born dumb. His parents take him everywhere for medical consultation. Young Chen Jinfang has to walk alone for more than an hour to go to school every day, from dawn to dawn. Since the third grade, she has to wash and cook, feed pigs and chickens when she comes home, until now.

In the past, Xu Jiajia would cry when she cut off her shoulder-length hair. Now, in order to facilitate running, she severely cut her ear’s short hair again, exposing her ears and forehead.

"I can bounce more than 500 balls in a row." "I got the seventh place in my class in this exam." Xu Jiajia constantly reported good news to Song Xiaochuan. "When she first started training, she couldn’t jump a ball. She had to practice for three or five consecutive times for a long time." Song Xiaochuan didn’t ask Jia Jia how she worked hard to reach this level, and Jia Jia wouldn’t pull him to complain and be tired.

"Look, I can do it!" The children proved themselves with solid achievements.

The baton of dreams

In July 2022, 14 of the first batch of 18 policemen returned to Beijing after teaching. Song Xiaochuan left, too. Before he left, he handed Xu Jiajia over to the remaining Walter WANG, Wang Haonan and the second batch of Shi Miao and Tong Jixiang who came to teach.

The coach was catching the bat, but the training never stopped. Walter WANG on the football field is a "tough character". He is uncompromising. He starts training at six o’clock in the morning, but the thunder can’t move. It rains in winter and turns into ice, and it is humid and sultry in summer. But he insists on "being late will be punished", and girls will be more demanding when they complain that they are tired. It seems that he will never be satisfied with their performance.

At 6 o’clock every morning, it is still dawn, and the girls have appeared on the playground of Xingyi No.5 Middle School. Beijing News reporter He Junyi photo

In Chen Jinfang’s eyes, Cai Shuo, her first coach, belongs to the type of "keeping things quiet", Walter WANG, the coach of "King", is like a strict "old father", and Wang Haonan, the coach of "Xiao Wang", can understand her without saying much, and always speaks a word in her heart at critical times … She sets the funny photos of the coaches as her own mobile phone screensaver.

Many of the concerns of "old fathers" are in places where children can’t see them. In private, Walter WANG talked about the difficulty of children when everyone met. "I learned to wash and cook when I was very young. I didn’t have parents to take care of me. My family’s conditions were not good, and my nutrition couldn’t keep up. Look at this calf muscle. Going out to compete is a lot worse than others."

After leaving southwest Guizhou, Song Xiaochuan was entrusted by his friend to deposit 300 yuan money in Walter WANG every month as a living allowance for Jia Jia. He repeatedly told Jia Jia, "Just rest assured, study hard, and don’t fall behind in football and culture classes."

Jia Jia couldn’t bear to part with him. She watched the video produced by Song Xiaochuan when he left after teaching. Every frame in it was a memory of training and competition together in the past. She buried herself in tears and made an agreement with her coach: "I’m going to Beijing to go to college, and we’ll see you there."

I didn’t expect to meet you so soon. On July 6th, just after the friendly match with the Beijing team, Xu Jiajia saw the coaches who were hiding off the court and wanted to surprise them. She rushed to Song Xiaochuan and asked him repeatedly, "Did you see that we won the game?"

July 6, Beijing,Song Xiaochuan (left), Tang Yongxin (middle) and Zhang Jinan watched the children nervously outside the stadium. Beijing News reporter Zhang Jingyu photo

Song Xiaochuan doesn’t talk much on weekdays, unlike children who express their emotions so enthusiastically, but he will still "break the defense" for such a moment. He looked at the child in front of him, who hadn’t been eager to "take credit" for him for a year, and saw that she had grown taller and made progress, which was very comforting.

On the title page of the English book for Xu Jiajia, Song Xiaochuan wrote the following sentence: "I hope you will stick to your dream and make efforts to realize our agreement. See you in Beijing in the future! "

He knows that the seeds of hope have been sown, and these seedlings are stubbornly absorbing nutrition and striving for progress.

From March 2021 to now, with the relay help of two groups of teaching policemen from Beijing Public Security Bureau, and with the strong support of physical education and public security departments in Guizhou Province and Southwest Guizhou, two players have been rated as national first-class athletes, 38 players have been rated as national second-class athletes, 6 players have been selected into Guizhou Youth Training Team and studied in Guiyang Experimental School, and 45 players have been selected into Southwest Guizhou Youth Training Team and studied in Xingyi No.5 Middle School.

Children’s dreams have taken on a more concrete shape. Cai Shuo’s students said to him, "Coach, my life has never been so wonderful before you came. I will go to college like you, be a policeman and teach football."

年轻的支教民警佟吉享记得，初来时，他问孩子们的梦想是什么，一个女孩当时说，“想在我们村开小卖部。”一年后，她的梦想变成了——“我要考军校，做一名军人。”

7月10日，夏令营临近结束，孩子们在天安门广场观看了升旗仪式。仪式结束后，一个女孩张开双臂迎接朝阳。新京报记者王嘉宁摄

采访中，陈进芳端着一张娃娃脸像个小大人一样说，“我真幸运，你说这不就是命运被改变吗？”

机会抓住就不想放开。在学校时，每天早起训练，放假在家，一样不懈怠。清晨5点半，陈进芳准时起床，绕着村里的山路跑半个小时，风雨无阻。“我有梦想，这是我自己的事。”

“你的梦想是什么？”

“进国足。”陈进芳脱口而出。

足球就像一束光，照亮了孩子们的前路。王钢说，他愿意做那个领路人，“不论孩子们是否会走上职业球员的道路，他们对足球的热爱，对体育精神的理解，对自己命运的改变，都会传递给下一代。队员的希望像种子一样落在大地上，整个地区才会发展得越来越好，这才是真正的‘志智双扶’。”

新京报记者张静姝编辑刘倩校对张彦君

The Lakers are firmly committed to the post-James era. After the continuous show operation, it is both now and in the future.

After Anthony Davis’ early contract renewal window was opened, Lakers President Pelinka immediately put a three-year $186 million maximum salary contract in front of Davis. Davis readily accepted and tied his peak period to the Lakers completely.

For Davis, who has hidden dangers of injury, renewing his contract in advance adds security to his future. In the next five seasons, Davis’ total salary will reach $270 million, of which the average annual salary of the new contract for three years will be $62 million, breaking the record set by Jay Brown not long ago.

For the Lakers, this is a key part of Pelinka’s layout for the post-James era.

The 38-year-old James has player options in the offseason in 2024, and his choices are very diverse. After keeping Austin Reeves, Yasunari and Vincent on 3-4 year contracts, the Lakers renewed their contracts with Davis in advance. No matter how James chooses in the future, the Lakers can ensure that they have Davis and depth, and there is still room to chase other big-name stars in the free market.

Ironically, after the Lakers won the championship season, when it was most necessary to be steady and strive for progress, Pelinka chose to be aggressive. Coupled with the injuries of James and Davis, the Lakers wasted more than two years.

Before the trading deadline in 2023, Pelinka finally completed the "blocking operation" and successfully corrected the error. In the offseason, Pelinka learned a lesson this time and stopped rushing forward. Pelinka’s series of operations show that the Lakers are not only striving to win in the present, but also planning for the post-James era. After all, James will be 39 years old at the end of December and will have the player option in the summer of 2024.

In the draft, the Lakers chose Jaron Hood Schifino with No.17 and Maxwell Lewis with No.40.. Together with last year’s No.35 show, Christie, the Lakers hoarded three potential new stars under the age of 22.

In the free market, the Lakers gave Bacamura $51 million for three years, gave Reeves $56 million for four years, and hired the Heat to introduce Vincent for three years $33 million. All three of them are in the long-term planning of the Lakers. Russell signed a 1+1 contract, and whether he is in the long-term planning is still unknown.

Vanderbilt has not renewed its contract in advance, but from September 7, local time until June 30, 2024, Vanderbilt is eligible to sign an early renewal contract of up to four years and 75 million US dollars. Considering Vanderbilt’s age and characteristics, it is highly possible for him to renew his contract in advance.

Three new stars have good potential, and four of them are high-quality puzzles, so the depth of the Lakers now and in the future is guaranteed. The next step is to establish the leader of the post-James era. Davis is the undisputed star of the Lakers.

Last season, the world has seen the horror of Davis, who plays center. In the regular season, he averaged 25.9 points, 12.5 rebounds and 2 blocks, and his shooting percentage was a career high of 56.3%. In the playoffs, Davis has shortcomings, but the data of averaging 22.6 points, 14.1 rebounds and 3.1 blocks per game is still scary enough, especially his defensive performance.

Buha, a reporter with The Athletic Lakers team, also believes that James’ career is running out, whether the fans are willing to accept it or not, and the Lakers need to make plans early. Whether James retires or leaves the Lakers for other teams in the future, Davis will be the facade of the Lakers’ new era, and he will also be the key for the Lakers to attract other superstars to join.

Aside from the Lakers’ backing in Los Angeles, there is room for salary in the future. Davis’s top defensive ability and offensive ability without the ball make him compatible with any outside star. In the era of Jamey, Davis also proved that he was willing to accept the role of the second master.

The only thing that can affect Davis’ prospects is injuries, but the hidden dangers of injuries have to be looked at separately. It is true that Davis’ attendance is not high, but since the 2016-17 season, Davis has played 400 games. In the same period, Joel Embiid only played 394 games, Curry only played 387 games, Owen only played 362 games and Durant only played 345 games. When Davis’ team entered the playoffs, except for the 2021 playoffs, Davis’ attendance and performance were almost impeccable, and he was absolutely reliable in big scenes.

In addition, regarding Davis’ injury, both Pelinka and Ricky Paul believe that Davis’ injury frequency is more due to his bad luck, and they both believe that Davis’ luck will turn.

Earlier, Paul said: "Davis’s experience in the past two years is very strange. Other players hit his knee and injured him. He stepped on his opponent’s foot when he landed, and he pulled his hamstring or groin before. Any athlete engaged in sports may encounter these injuries, but the outside world described it as if Davis was injured as soon as he played."

Pelinka didn’t expect Davis to avoid injury only by transshipment. He was also trying to help Davis reduce the risk of injury. He signed center Hayes and compared Hayes with Dwight Howard and McKee in the championship season. Pelinka is still planning to sign another center to further lighten Davis’ burden. In the new season, Davis will probably still play as the starting center, but according to the opponent’s counterpoint, the Lakers will be flexible, instead of locking Davis in the fifth position 99% of the time like last season.

The Lakers’ early renewal of Davis is also releasing two signals.

In the Bath family era, the Lakers were a team famous for being kind to the heroes. From Jerry West, Abdul-Jabbar, Magic Johnson, Kobe Bryant, James and Davis, the Lakers gave enough respect and treatment to the heroes. "Human touch" is the label of the Lakers, and it is also their strategy to recruit superstars to join.

In recent years, the operation of the Lakers has always been inseparable from Paul, a super agent. James is undoubtedly Paul’s most heavyweight customer. Even if James retires in the future, the Lakers will not give up Paul’s line. After all, Paul still holds stars such as Garland and Zach Lavin. Davis renewed his contract in advance, and Vanderbilt (whose agent is also Paul) is likely to renew his contract in advance. In the next few years, the line between the Lakers and Paul will not be broken.

Overall, this is an offseason that can satisfy the Lakers. What should be left is left, and what should be renewed in advance is also signed, and most of the contracts are signed at reasonable prices. The Lakers have both the present and the future, and the remaining problems caused by operational mistakes in 2021 will be basically solved.

In the new season, the Lakers can rely on their depth to help James and Davis reduce their burdens and strive for a better regular season ranking. As for whether the Lakers can compete for the championship in the new season and in the future, it depends on whether Davis can improve attendance, get back the feel of jump shot and really carry the banner.

The number of champions in England’s top leagues ranked by the head coach： Ferguson is far ahead with 13 times and Gua Shuai with 5 times.

Live on May 21st, Manchester City won the Premier League title ahead of schedule after the defeat of Arsenal in the current Premier League.

According to statistics, Guardiola became the sixth coach to win the top league championship in England at least five times. The specific number of times the coach won the championship is as follows:

1. Ferguson 13 times

2. Bob Paisley 6 times

=George Ramsey 6 times

4. Tom Watson 5 times

=Matt Busby 5 times

=Guardiola 5 times

(Chenpi is not orange)

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