Tony Xu at Bloomberg News "DoorDash: Tony Xu". Tony, 36, became a billionaire as a result of the profitable public sale, and he now owns over 5% of the firm, according to CNBC. [70][71][72][73] The plaintiffs stated that this arrangement increases the cost for dine-in customers, as they are required to subsidize the cost of delivery; and that the apps charge exorbitant fees, which range from 13% to 40% of revenue, while the average restaurant's profit ranges from 3% to 9% of revenue. View Tony Xu's profile on LinkedIn, the world's largest professional community. Prior to the move, Xus mother had practiced medicine. For most establishments, the costs of delivering food from their door to the customers made it unviable. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. 2 /5. with high honors in Industrial Engineering and Operations Research from UC Berkeley and an MBA from Stanford Graduate School of Business, where he was an Arjay Miller Scholar. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. Too much a liability for any self-respecting University, Xu was unemployable upon release. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . [4] He and his wife Patti are signatories to the Giving Pledge. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. Tony Xu. Initially, he and other DoorDash employees were transporting food. Tony Xu is the CEO and co-founder of DoorDash, a technology company passionate about transforming local businesses and dedicated to enabling new ways of working, earning, and living. He was photographed at Monster Pho in Oakland. Tony Xu's Height, Weight & Body Measurement. Born in Nanjing, China, Xu moved with his family to America at the age of five. Tony Chiu-Wai Leung. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. Experience. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. This net worth approximation does not reflect any other investments that Mr. Xu may own. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. Why? Tony Xu is focused on DoorDash's long-term vision. They couldnt deal with special events like a football game or Valentines Day.. Spoken Languages. Find out more as we take you through ten things you didnt know about Tony Xu. His ethnicity is Asian. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. It Takes Two (simplified Chinese: ) is a 2012 Singaporean Chinese year-end blockbuster drama produced by MediaCorp TV.It stars Chen Hanwei, Yao Wenlong, Kym Ng, Ann Kok & Zheng Geping as casts of the series. "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. The company began addressing the challenges of delivery from restaurants and has since expanded focus to include grocery, retail, beauty, alcohol, pet food, flowers and convenience. In the summer of 2013, it received $120,000 in seed money from Y . Download it now on Amazon. He started DoorDash to help small . [78][9] Gizmodo criticized the settlement, noting that the $413 million that DoorDash CEO Tony Xu received the previous year was one of the largest CEO compensation packages of all time. Even more astonishingly, hes still only 35 years old. NEW YORK, November 12, 2015 -- The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has selected a new class of Managing Directors, effective from January 1, 2016, the start of the firm's next fiscal year. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. About Tony Xu. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. [41] The company started operating in markets outside North America in 2019, officially launching in Melbourne, Australia, in September and later expanding further into the country. [70][71][72][73] The lawsuit seeks treble damages, including for overcharges, since April 14, 2016 for dine-in and delivery customers in the United States at restaurants using the defendants delivery apps. But it's too early to write off Klarna. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. DoorDash Inc. is an American on-demand prepared food delivery service. Difficult. Xu Xun, also known as Tony Xu, is a Chinese-American business magnate who helped found and serve as chairman of the food transportation organization DoorDash. [48][49], In July 2019, the company's tipping policy was criticized by The New York Times, and later The Verge and Vox and Gothamist. Written by hao. Xu was born in the Chinese city of Nanjing on May 5, 1985. "DoorDash, Inc. 2022 Annual Report (Form 10-K)", "Changes to the DoorDash Leadership Team", "DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO", "Which company is winning the restaurant food delivery war? Tony Xu. They purchased a total of 573,500 shares worth more than $49,963,096.52. This was to rein in expenses. [62][63] The case was referred to arbitration in August 2020. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. Meta Platforms, Facebook's freshly-minted parent company, named DoorDash co-founder and Chief Executive Officer Tony Xu to its board of directors on Tuesday. Jackson Norriss told Trevor Slattery that the real Mandarin wasn't happy that he appropriated his name and Slattery was to be taken to him to face his punishment. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Getting to where he is currently was not a walk in the park. Also, we have no idea about his brother and sister, and we dont know their names either. Later, he pursued an MBA from the Stanford Graduate School of Business. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. [1][7] Initially, he and other DoorDash employees completed food deliveries. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. So, she had to work three different jobs, one of which was at a restaurant, to save up enough money to open up a medical clinic, which she did after 12 years, and she now still runs in her 19th year. 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BREAKING: Tiny biotech successfully treats blindness. Last week, Murdaugh took the witness stand to deny he was the one to pull the trigger. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Hes been named to Fortunes 40 under 40, 7. In February 2021, 55% of DoorDash's drivers were women. Tony Xus fortune is estimated to be in the $2 billion range. Aanika Biosciences has married the worlds of synbio and insurance to provide companies security to innovate freely. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. Hisreal name is Xu Xun. Related by financial asset: DoorDash, Inc. On June 7, 2021, Alex Murdaugh called police to report that he had discovered the bodies of his wife and son. [5] In 1989, his parents immigrated to Champaign, Illinois. Learn More on Tony Xu's contact information. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. We connect brands with social media talent to create quality sponsored content. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. The project presents another step towards the reality of digital clothing interoperability across the metaverse. [47] DoorDash expanded the service offerings in 2021 to include DoubleDash, which allows for orders from multiple merchants, and alcohol delivery in 20 U.S. states, the District of Columbia, Canada, and Australia. [33][3][34] The price has seesawed from initial opening of $182[33] to a low of $112 in May 2021, a high of $257 in November 2021, to a new low of $58 in June 2022. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. But later he immigrated to the United States with his parents when he was five years old. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC DoorDash brings millions of meals from food banks to families via Project DASH, empowers underrepresented entrepreneurs through the Restaurant Accelerator and Accelerator for Local Goods, and provides work opportunities to millions of people, including Dashers. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. DoorDash's initial public offering in 2020, which Xu has been credited for leading,[12] made him a billionaire at the age of 36. 11/20/2022 11:00 AM. Xu Xialing - Daughter. DoorDash's delivery system can learn on its own and change based on things like the number of delivery people, the time of day, and how much food is expected to be ordered.[84]. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. Xu enjoys running and has previously competed in marathons. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. Not much is known about his family and his personal Life. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. Tony Xu returned to the governing body of Meta Platforms in January 2022. California DoorDash workers protested outside of the home of DoorDash CEO Tony Xu on Thursday, prompted by a recent California superior court judge ruling calling 2020's Proposition 22 . L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. Johnson, Eric (January 9, 2019). [1] He also worked as a business analyst for the management consulting firm McKinsey & Company, and as a corporate strategy consultant for eBay and PayPal. But are these incentives worth packing a moving van? DoorDash, which employs about 350 people, is based in San Francisco. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. The company is based in San Francisco, California. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. [7][60][61][62] Drivers receive a guaranteed minimum per order that is paid by DoorDash by default. They sold a total of 800,309 shares worth more than $63,347,607.21. Exp Realty. Insiders at DoorDash own 12.1% of the company. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. We learned a couple of interesting observations, he said. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. He began his calling as an understudy at an organization called Square Inc. Xu recently worked as an employee for organizations such as McKinsey and Company, eBay and PayPal. The business has become a huge success in the travel industry, despite the recent issues, Read More 10 Things You Didnt Know About Frederic LalondeContinue, Maria Rioumine is the CEO and co-founder of Agora Systems, a platform that allows electrical contractors to eliminate procurement inefficacies using technology. He and his younger sister were raised by their mother after his father left them. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. Tony Xu has not been actively trading shares of DoorDash over the course of the past ninety days. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. 9 months. In a news release, Mark Zuckerberg described Xu as "a great tech leader" who "has direct experience in both running a tech company and solving complex challenges in commerce." "Tony has built a great service for millions of . Xu met his co-founders at Stanford. [9][11], Xu co-founded the delivery platform DoorDash in 2013 with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang; the group had previously worked together to launch the predecessor delivery service PaloAltoDelivery.com in 2012. He has a date night with his wife every Friday, 10 Things You Didnt Know About Frederic Lalonde, 10 Things You Didnt Know About Maria Rioumine, 10 Things You Didnt Know about Anand Sambasivan, 10 Things You Didnt Know About Aamir Baig, 10 Things You Didnt Know about Gary Gysin, 10 Things You Didnt Know about Maezawa Yusaku, he later discussed with davidsnotes.substack.com, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World, How Simu Liu Achieved a Net Worth of $4 Million, The 20 Best Chevy Muscle Cars of All-Time, How Lizzo Achieved a Net Worth of $40 Million. Xu was born in China but moved to the US with his family when he was 4. Recurring Shark. Jan. 12, 2018 11 AM PT. Tony Xu Owner at Tony Xu & Associates Inc. Diamond Bar, CA. This explains why I feel so lucky doing what I do every day.. It was founded in 2012. [7][8][9][10], In late 2012, Stanford University students Tony Xu, Stanley Tang, Andy Fang and Evan Moore were getting feedback on a mobile app for small business owners when a macaroon store owner told them of her challenges meeting demand for deliveries. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. Contact. [9] He has described himself as an "avid" basketball fan,[27][28] and has credited the sport and television for helping him learn English.[10][29]. Shark Tank 's newest guest shark, DoorDash CEO Tony Xu, went from working in his mother's restaurant as a kid to co-founding a company that today is valued at more than $20 billion. DoorDash's insider roster includes Prabir Adarkar (CFO), Shona Brown (Director), Andy Fang (Director), Gordon Lee (CAO), Alfred Lin (Director), Stanley Meresman (Director), Christopher Payne (COO), Tia Sherringham (General Counsel), Stanley Tang (Director), Tony Xu (CEO), and Keith Yandell (Insider). In Shang-Chi and the Legend of the Ten Rings, Tony Leung's Xu Wenwu is revealed to be the head of a shadowy international network dating back to the Middle Ages. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. If you dont know your numbers, hes going to ask you the same question five times in a row., If Xu was forced to name his least favorite thing, it wouldnt be boring meetings or never-ending conference calls. Rate the pronunciation difficulty of Tony Xu. But we are sure that it is not available and his spouses name is not available. Editor's note: Last . His testimony, including admissions that he stole money, is likely to hurt him in future trials. Mr. Xu is currently 38 years old. His answer revealed the personal philosophy that drives his success. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. Tony Xu is married and his wife is named Patti. ", "2021 Edison Trends U.S. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. (1 Vote) Very easy. Tony Xu, also known as Xu Xun is an Entrepreneur. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. It helps me regulate my mind and body, which I think is why the habit stuck. Julie Cao, his mothers name, was a doctor in China before moving to the United States of America, where she worked at a restaurant and shuffled many jobs to pay for her medical degree. Do Not Sell or Share My Personal Information. On this Wikipedia the language links are at the top of the page across from the article title. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. Actor: In the Mood for Love. Tony Xu, MBA '13, Cofounder and CEO, DoorDash, Asian American and Pacific Islander (AAPI), "DoorDash IPO will make its CEO a billionaire here's how his immigrant parents inspired his success", "Shares Of DoorDash IPO Jump By Double Digits As Trading Begins", "Tony Xu, the steady hand steering DoorDash's delivery empire", "The Secret Behind These Tech Founders' Success? BIOGRAPHY/Wiki. Career. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Convenience Store Delivery Sales Report", "DoorDash Inc. 2020 Form 10-K Annual Report", "My Frantic Life as a Cab-Dodging, Tip-Chasing Food App Deliveryman", "DoorDash Settlement Would Pay a Paltry $130 to Workers Instead of Making Them Employees", "DoorDash Trio worth up to $2.7 billion each as IPO soars", "Meeting the moment: Tony Xu is focused on DoorDash's long-term vision", "DoorDash Faces Its Latest Challenge: Wooing Wall Street", "To fund Y Combinator's top startups, VCs scoop them before Demo Day", "DoorDash has overtaken Uber Eats in US online food delivery", "DoorDash Has Pulled Ahead of GrubHub, Uber Eats in the On-Demand Food Delivery Race", "DoorDash overtakes Grubhub in delivery market share", "DoorDash takes the lead in the food delivery wars as the landscape dramatically shifts in 2019", "DoorDash is ready to deliver with new Redwood City commissary kitchen debut", "DoorDash Has Been Confusing Its Workers About Payments for Nearly Two Years", "DoorDash Has a New Plan to Make Workers Gamble on How Much They'll Get Paid", "DoorDash Contractors Earn Less Than Dogshit, Study Finds", "SoftBank Turns $11 Billion Profit, Helped by DoorDash", "Data SheetWhat DoorDash Plans to Do With Another Half a Billion Dollars of Capital", "DoorDash confirms $400M raise, IPO timing unclear", "Here's how delivery services like Grubhub, Postmates, and Uber Eats are adapting to the coronavirus restrictions and safety precautions", "DoorDash is the fastest growing meal delivery business during coronavirus lock down", "DoorDash launches program to revive closed restaurants using local ghost kitchens", "DoorDash partners with California restaurant to build new brick-and-mortar location", "DoorDash just opened its first physical location as the pandemic fuels a ghost kitchen boom", "DoorDash valued at $71 billion in blockbuster market debut", "Airbnb, DoorDash Aim for Higher-Than-Expected Valuations Ahead of Debuts", "Women who lost jobs due to COVID turn to food delivery platforms", "Restaurants Are Fed Up With GrubHub And DoorDash, And Now Legislators Are On Their Side", "Just when you thought DoorDash couldn't get more dastardly", "DoorDash won't deliver Walmart's groceries starting next month", "Montreal Has a New Food Delivery Service as DoorDash Starts Its Engines", "DoorDash spreads beyond North America with Australia launch", "Food delivery giant DoorDash has launched in Sydney, and it gave away free burgers to get people onboard", "DoorDash launches in Japan as food delivery war heats up", "US-Lieferdienst Doordash startet in Stuttgart", "NYSE-listed food delivery firm DoorDash expands into New Zealand", "DoorDash launches grocery delivery to compete with Amazon and Instacart", "DoorDash launches on-demand alcohol delivery service", "Square Completes Sale of Caviar to DoorDash", "The Great Flattening: What a Giant Delivery Merger Means for Your Dinner", "DoorDash Buys Rival, Caviar, for $410 Million", "DoorDash acquires autonomous driving startup Scotty Labs", "DoorDash takes another step toward automated food delivery", "DoorDash Adds Startup Chowbotics for Meal Preparation", "DoorDash acquires salad-making robotics startup, Chowbotics", "DoorDash has acquired salad-making robot company Chowbotics", "DoorDash to Buy Finland Food-Delivery Startup in Deal Valued Above $8 Billion", "Delivery apps like DoorDash are using your tips to pay workers' wages", "DoorDash is still pocketing workers' tips, almost a month after it promised to stop", "Brooklyn Man Sues DoorDash Over Grifty, Misleading Tip Policy", "Brooklyn man sues DoorDash for 'misleading' tipping policy", "DoorDash's New Tipping Policy Has Increased Driver Pay", "DoorDash Changes Tipping Model After Uproar From Customers", "DoorDash settles lawsuit for $2.5M over 'deceptive' tipping practices", "DoorDash is paying $2.5 million to settle a lawsuit that accused the food delivery company of stealing drivers' tips", "AG Racine Reaches $2.5 Million Agreement with DoorDash for Misrepresenting that Consumer Tips Would Go to Food Delivery Drivers", "Restaurants Are Desperate But You May Not Be Helping When You Use Delivery Apps", "DoorDash, Uber Eats, Grubhub and Postmates make restaurant meals cost more: lawsuit - Four firms' rise has 'come at great cost to American society,' suit claims", "Grubhub, DoorDash, Postmates, Uber Eats are sued over restaurant prices amid pandemic", "GrubHub, Doordash Accused in Suit of Pushing Prices Higher", "DoorDash confirms data breach affected 4.9 million customers, workers and merchants", "Chicago sues DoorDash and Grubhub for 'unfair and deceptive' practices", "DoorDash $100 Million Driver Settlement Tentatively Approved", "DoorDash's new 'Project DASH' will deliver restaurant leftovers to food banks", "How hunger-fighting orgs have used DoorDash to help save 1 million pounds of food from landfills", "A milestone delivery: DoorDash, Food Bank of Delaware team up to deliver food to those most in need", "Nourishing Minds and Bodies: San Diego Students Now Eligible for Free DoorDash Delivery", "DoorDash Extends Cold Weather Grants as Part of $200M Pledge", "An analysis of a third-party food delivery app during the COVID-19 pandemic", https://en.wikipedia.org/w/index.php?title=DoorDash&oldid=1142045878, Companies listed on the New York Stock Exchange, Online food retailers of the United States, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 February 2023, at 06:09. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()), Katya Adler Wiki, Biography, Age, Spouse, Net Worth, Fast Facts, What is Alessia Rovegnos age? Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. Information on this page was last updated on 2/23/2023. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. Tony Xu, 33, is a co-founder and chief executive of the DoorDash on-demand food-delivery start-up. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. Tony Xu's Phone Number and Email Last Update. Raza . 4. They are in relation from previous few years of a strong relationship. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. , it received $ 120,000 in seed money from Y models, that... My mind and body, which employs about 350 people, is based in San Francisco listeners... To make it on their own startups he and other DoorDash employees completed food deliveries incentives worth a. From the Stanford Graduate School of Business in June 2022, the company is based in San Francisco Area... This Wikipedia the language links are at the top of the ten Rings, after... The costs of delivering food from their door to the tony xu biography made it unviable the park she later acupuncture! 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