JD Logistic, the logistics arm of the Beijing-based tech heavyweight JD
.com, will cancel the basic salary for delivery staff , CEO and Chairman Liu Qiangdong said i
n response to arguments on the company’s salary adjustments in an internal email sent on Monday.
JD Logistics lost over 2.3 billion yuan ($342.9 million) in 2018, its 12th consecut
ive year to lose money. If the situation continues, Liu said, the company would only last for two more years.
If internal settlements are deducted, JD Logistics lost more than 2.8 billion yuan last year.
The main reasons for the loss are few external delivery orders and high internal costs, Liu said.
The company has only two choices, according to Liu: one, increase external delivery orders to promote external inco
me growth; the other, reduce staff members’ well-being to the level of other express companies.
Reducing fund ratios to average levels and canceling the basic salary a
ims to encourage couriers to get more external delivery orders and increase revenue.
rd phases, with 1,000 booths booked by 650 enterprises from 38 countries and regions.
The first phase of the import exhibition has 616 booths displaying electronics and home appliances, build
ing materials and hardware and mechanical equipment. There will be 384 booths in the third phase, m
ainly displaying food and beverage products, household goods, fabrics and home textiles.
Xu Bing, a spokesperson for the Canton Fair, said on Sunday that the 124t
h fair received exhibitors from ten countries and regions. According to Xu, a chamber of com
merce from Istanbul said the fair had helped many Turkish enterprises explore the global market.
“Design for trade” will be a highlight at the upcoming fair. About 100 design companies and institut
ions from 15 countries and regions, including the United States, Germany, France, Italy, Austr
alia, the Republic of Korea and Japan, have registered to participate in the design exhibition at the fair.
Aviation Industry Corp of China, the country’s leading aircraft manufacturer, on Sunday launched an ex
hibition park in Xi’an, Shaanxi province.The park is located in an aviation industry compound in Xi’a
n’s northeastern suburb and showcases 16 aircraft used in flight testing.The exhibits represent prototypes of the Chinese military’s major aircraft down
through the years, including the CJ-6 basic trainer, J-7 fighter jet, KJ-2000 early-warning and control plane, as well
as the Z-10 attack helicopter.A J-8II fighter jet is on display at the exhibition park that opened to the public on Sunday in X
i’an, Northwest China’s Shaanxi province. Photo by Zhao Lei/chinadaily.com.cnThese aircraft contri
buted significantly to China’s aviation industry and flight test endeavors, and highlight the growth of the co
untry’s aviation sector, according to an Aviation Industry Corp of China statement.In addition to the aircraft, the par
k also features relief sculptures depicting the histories of Chinese planes’test flights.
ded souls face to face.The Beijing native, who quit his job in the hospitality industry and opene
d the shop 17 years ago, says seeing people in the shop, no matter they are looking for something in particula
r or simply browsing, is a delight. Over 16 years Free Sound has sold about 300,000 records, he says.
“It started out as a dream for me and I feel so fortunate to have lived out that dream.”
Wang, in his mid-40s, was introduced to music by his parents, who played vinyl records at home. One of his
favorite singer-songwriters is the Chinese rock musician Cui Jian, and like many music lovers of his generat
ion, Wang enjoyed going to record shops. Sound quality and nostalgia are what draws him to vinyls, he says.
For many people it has long appeared that traditional physical records such as vinyl and cassettes were
on the edge of extinction in the face of online streaming brought by the internet revolution.
Between 2002 and 2005 in particular, the fall in sales of CDs and other ty
pes of musical recordings in China was precipitous, mostly as the result of piracy and online
streaming, and the customer base for record shops evaporated as people stopped buying physical records.
The ongoing China-led international collaboration project Tianq
in, a space-based gravitational wave detection syste
m scheduled to be completed by 2035, is expected to significantly improve unders
tanding of major cosmic phenomena, including black holes, scientists said.
Tianqin uses the Chinese words tian, meaning sk
y or heavens, and qin, meaning stringed musical instrument.
It will consist of three satellites forming an equilater
al triangle around Earth at an orbit of 100,000 kilometers.
Tianqin will work to detect gravitational waves, whic
h scientists theorize are ripples in the fabric of space-time caused by violen
t cosmic events, such as colliding black holes, supernovas and even the birth of the universe.