春节临近，上海市杨浦区迎来新一波线下消费热潮。 2月10日，京东本地生活服务首次与上海杨浦区政府合作，启动为期一个月的消费券发放活动，覆盖餐 饮团购、到店自提、家政服务等多个领域，旨在激活线下消费活力。 这是京东作为本地生活服务平台首次与政府合作推出消费券，打破了以往仅与支付工具类平台合作的模 式。 此次消费券活动将持续至3月9日，每日10点至20点分6轮发放。消费者通过京东APP首页搜索或"秒 送"频道点击"杨浦消费券""乐享杨浦"，即可领券核销，当日有效，次日可续领。到店自提券还可叠加 平台百亿补贴，进一步提升消费体验。 与以往政府发放的消费券不同，本次活动特别设置了多档小额满减优惠，更贴合日常消费场景。 京东相关负责人介绍，本次共设置5档到店团购消费券（满500减200、满300减110、满100减36、满50减 16、满30减8元）及2档到店自提消费券（满30减3、满25减2元），覆盖杨浦区内所有开通京东到店业务 的商户。 咖浦消费音 乐享杨浦 服务惠民 :200- 最高领200元杨浦消费券 2026年2月10日-3月9日 | 每日10点-20点分6轮发放 每日10、12、14、16、18、20点限量 ...

Core Insights - Yonghui Supermarket's CEO Wang Shoucheng outlined the company's strategic transformation achievements and 2026 plans in a New Year letter, highlighting a significant turnaround with a dual growth in same-store traffic and sales for the first time in five years [1] Group 1: Strategic Transformation - The company acknowledged past mistakes in prioritizing scale over core values, admitting to having let down employees and customers [1] - In 2025, Yonghui initiated a large-scale restructuring, closing nearly 400 low-quality stores and focusing on systematic renovations of over 300 existing stores, covering a total area exceeding 2 million square meters [1] - This transformation is described as a major redefinition of operational philosophy and organizational mindset [1] Group 2: Initial Results and Employee Engagement - The dual growth in same-store traffic and sales indicates that returning to a focus on "people and products" can rebuild trust and enthusiasm [1] - The company has begun to implement a profit-sharing model, distributing nearly 50 million yuan in profit dividends to employees in 2025, fulfilling its commitment to share operational success [1] Group 3: 2026 Strategic Focus - For 2026, Yonghui aims to deepen its efforts in three main areas: enhancing product quality, transforming stores into community service hubs, and empowering organizational capabilities [2] - The company plans to upgrade its procurement role to become a "quality enabler," collaborating with 200 core production areas and factories to create a "quality community" and develop 100 flagship products [2] - The transformation of stores will shift from mere transaction points to "lifestyle spaces," including community kitchens and neighborhood lounges [2] - Organizational changes will focus on empowering employees through clearer responsibilities, streamlined processes, increased training, and investment in AI technology [2] - Wang emphasized the commitment to a long-term quality retail strategy, expressing gratitude to the supporting teams, partners, customers, and employees for their contributions [2]

春节临近，上海市杨浦区迎来新一波线下消费热潮。 2月10日，京东本地生活服务首次与上海杨浦区政府合作，启动为期一个月的消费券发放活动，覆盖餐饮团购、到店自提、家政服务等多个领域，旨在激活 线下消费活力。 这是京东作为本地生活服务平台首次与政府合作推出消费券，打破了以往仅与支付工具类平台合作的模式。 全场景覆盖，线下门店迎来消费增长 此次消费券活动将持续至3月9日，每日10点至20点分6轮发放。消费者通过京东APP首页搜索或"秒送"频道点击"杨浦消费券""乐享杨浦"，即可领券核销，当 日有效，次日可续领。到店自提券还可叠加平台百亿补贴，进一步提升消费体验。 与以往政府发放的消费券不同，本次活动特别设置了多档小额满减优惠，更贴合日常消费场景。 京东相关负责人介绍，本次共设置5档到店团购消费券（满500减200、满300减110、满100减36、满50减16、满30减8元）及2档到店自提消费券（满30减3、 满25减2元），覆盖杨浦区内所有开通京东到店业务的商户。 "之前的消费券大多是大额的，像我们这样的平价餐饮很难用到。"胡子大厨紫金广场店店长赵三娟表示，"这次有小额满减券，更适合我们这类主打工作餐 的餐厅，预计 ...

京东全球超级供应链和海外物流网络建设再次取得重要进展。 2月10日，京东集团宣布，快递品牌JoyExpress在欧洲多国正式推出，将率先为京东欧洲线上零售业务Joybuy用户提供 高品质的快递物流服务。 为保障服务品质，京东物流已在欧洲为Joybuy运营了超60个物流仓库、快递站点，并规模化打造运输车队，通过全流 程数智化、标准化管理，持续提供稳定、高质量的一体化供应链物流及配送服务。 伴随Joybuy欧洲业务的快速发展，京东物流还将进一步扩大供应链物流基础设施规模，并投用更多前沿物流科技产 品，推动整体供应链降本增效。 目前，京东欧洲线上零售业务Joybuy已在英国、德国、荷兰、法国、比利时和卢森堡启动试运营。 国际化始终是京东集团的重要战略方向，近年来，京东正在加速物流供应链出海的步伐，目前在海外已运营超130个 各类型海外仓，总管理面积超过130万平方米，开通了数十条国际货运航线，构建了全球多个核心市场"2-3日达"时效 圈，通过遍布全球的仓网布局与先进的技术能力，助力全球经贸流通更加高效、顺畅。 本文系观察者网独家稿件，未经授权，不得转载。 目前，JoyExpress已在英国、德国、荷兰和法国等国家的 ...

Core Insights - Chinese automotive companies have become the largest car importers in Brazil, surpassing Argentina for the first time in over 30 years, marking a significant shift in the market dynamics [2] - The growth of Chinese brands in Brazil is part of a broader global strategy rather than an over-concentration on a single market [4] Group 1: Market Performance - In January, China exported 16,800 vehicles to Brazil, while Argentina exported 13,400 vehicles, indicating a notable increase in Chinese market share [2] - The export value of Chinese automobiles to Brazil surged to $375 million in January, more than ten times the amount from a year earlier, accounting for approximately 65% of Brazil's total automotive import value [2] - Despite the rise of Chinese brands, Brazil's overall automotive production decreased by 12% year-on-year, and sales saw a slight decline [4] Group 2: Strategic Developments - Chinese companies like Great Wall Motors and BYD are rapidly expanding in Brazil by initially importing vehicles and subsequently establishing local assembly operations [2] - BYD plans to invest 5.5 billion Brazilian Reais (approximately $1.06 billion) to convert a Ford plant in Bahia into a production base, initially using a semi-knocked down (SKD) assembly model [3] - The Brazilian Automotive Manufacturers Association (Anfavea) has criticized the simplified assembly model for creating fewer jobs compared to full manufacturing and has welcomed the government's decision to not extend the tax exemption on imported automotive parts [3] Group 3: Industry Challenges - The sales of new energy vehicles in Brazil reached a record high of 16.8%, but only about 35% of these vehicles are produced locally [4] - The Brazilian automotive industry faces challenges such as rising financing costs and tightened credit, which are impacting various market segments, including heavy trucks [4] - Despite the rapid growth of Chinese brands, Brazil remains the fifth-largest destination for Chinese automotive exports, trailing behind Mexico, Russia, the UK, and the UAE [4]

导读：比亚迪2025年以460.2万辆的全年销量成绩首次进入全球车企集团销量前五，超越通用、福特、 本田、日产等企业。 （文 / 观察者网 周盛明 编辑 / 高莘） 据彭博社2月11日报道，比亚迪历史首次在全球销量上超过福特。 比亚迪官方数据显示，其2025年以460.2万辆的全年销量成绩首次进入全球车企集团销量前五，成为首 个跻身该榜单前五名的中国汽车集团，实现历史性突破，超越通用、福特、本田、日产等企业。 2025全球汽车集团销量TOP5 比亚迪 数据显示，福特去年批发销量下降近2%，降至略低于440万辆的水平。据悉，尽管福特去年在美国本土 销量有所增长，但其在欧洲，尤其是在中国市场份额下滑明显。 据悉，福特去年12月表示，将放弃全面电动化，并且因此计提195亿美元（约合人民币1404亿元）的资 产减值，并取消多款电动车型。 加拿大安大略省伦敦市福特经销店待售车辆 彭博社 受此影响，福特的财报显示，其2025年全年净亏损达82亿美元（约合人民币590.40亿元）。 此外，福特首席财务官雪莉·豪斯（Sherry House）周二表示，福特遭遇了额外9亿美元（约合人民币 64.80亿元）的关税成本"意外冲击" ...

Core Viewpoint - The upcoming "wide-screen flat phone" is officially in development, expected to be released in Q4 2026, likely as a continuation of Huawei's Pura X model, which features a unique screen ratio advantageous for media consumption [1][2]. Group 1: Product Development - The new device is speculated to have an aspect ratio of approximately 16:9 or 16:10, which aligns with current media standards [1]. - The Huawei Pura X, launched on March 20 last year, was the first phone to fully integrate HarmonyOS 5 and featured a 6.3-inch screen with a resolution of 2120×1320 [1][2]. Group 2: Market Reception - Many consumers expressed interest in the Pura X but were hesitant about the foldable design, indicating a potential market for a non-foldable wide-screen option [2]. - The Pura X has reportedly achieved over one million cumulative activations, suggesting a strong demand for wide-screen devices [2]. Group 3: Competitive Landscape - The introduction of the flat-screen model may attract users who prefer wide screens but are deterred by the high costs and repair challenges associated with foldable phones [2]. - It is anticipated that three manufacturers will launch new wide-foldable devices this year, with additional domestic brands expected to join next year [2].

【文/观察者网 张菁娟】新旧势力交锋，中国车企再添胜绩。 据彭博社10日报道，2025年，比亚迪全球销量首次超越美国传统汽车巨头福特。 当地时间2026年2月9日，印度尼西亚雅加达，2026年印度尼西亚国际汽车展的比亚迪电动汽车展区。 IC photo 作为中国新能源汽车行业的领军者，比亚迪近年大举进军欧洲、南美、亚洲市场。2025年，比亚迪海外 销量超105万辆。 比亚迪品牌及公关部门总经理李云飞上个月（1月24日）在上海的一次媒体发布会上表示，该公司计划 在2026年向中国以外地区销售130万辆汽车。 值得一提的是，美国国际贸易法院近日披露，比亚迪美国多家子公司已于1月26日发起诉讼，指控美国 政府多项关税政策不合法，并要求退还税款。 报道称，福特汽车去年的批发销量下降近2%，略低于440万辆，而比亚迪1月公布的销量为460万辆。这 家美国汽车制造商周二（10日）公布的数据证实，比亚迪已跃升至全球销量排行榜第6位，领先福特一 位。 丰田汽车则连续六年占据第一的位置，全球销量增长4.6%，至1130万辆。 尽管去年福特在美国市场销量有所增长，但在欧洲，尤其是在中国，它的市场份额却下降。比亚迪、小 米、吉利等 ...

Core Insights - The opening of iQIYI's first theme park in Yangzhou marks the transition from strategic concept to market validation for the company [4] - iQIYI aims to differentiate itself from traditional theme parks like Disney and Universal by leveraging technology such as AI and VR to create immersive experiences in smaller spaces [3][6] - The company plans to focus on a business model that emphasizes content IP and technological capabilities rather than heavy asset investments typical of traditional theme parks [5][9] Investment Strategy - iQIYI's theme park strategy is designed to be more agile and responsive to audience preferences, allowing for rapid updates and iterations of experiences based on popular IPs [6][9] - The company has established a partnership model where it handles technology and content while partners manage fixed asset investments, allowing for shared revenue from ticket sales and secondary consumption [6][9] - The park's smaller footprint (1 to 2 million square meters) allows it to be integrated into urban commercial centers, reducing the need for large land acquisitions [6][9] Market Trends - The theme park industry is traditionally characterized by high capital investment and long development cycles, which iQIYI aims to avoid [5][6] - The rise of "emotional consumption" in China, particularly among younger consumers, presents a significant opportunity for iQIYI's immersive experiences [20][21] - The market for emotional consumption is projected to grow significantly, with consumers willing to pay for experiences that provide emotional value and social currency [20][21] IP Development - iQIYI's theme park is seen as a natural extension of its IP commercialization strategy, which has been in development since 2018 [10] - The company has successfully created a closed-loop IP ecosystem, integrating various forms of media and merchandise around popular shows [10][11] - The park will feature multiple IPs and technology forms, serving as a test case for iQIYI's ability to integrate its content into a cohesive physical experience [14][15] Revenue Potential - iQIYI's previous ventures in VR and IP merchandise have already generated revenue, indicating potential for the theme park to contribute significantly to overall income [24] - The company aims to replicate the secondary consumption model seen in Disney parks, where merchandise and experiences drive the majority of revenue [24] - The success of the theme park could provide a new paradigm for IP monetization in the Chinese market, focusing on lightweight, technology-driven experiences rather than heavy investments [25]

Core Insights - Tencent has launched its first independent comic drama app "Fire Dragon Comic Drama" on February 4, signaling a formal shift from experimentation to a strategic focus on AI comic dramas [2][3] - Tencent has entered a 23.2 million yuan licensing agreement with Zhongwen Online for animated micro-dramas, indicating a commitment to content procurement [3] - The collaboration between Tencent and NetEase in the AI comic drama space highlights the market's potential, large enough to warrant cooperation between traditional competitors [6][7] Market Demand and Growth - According to iiMedia Research, the Chinese animated micro-drama market is projected to reach 18.98 billion yuan by 2025, a staggering year-on-year increase of 276.3% [4] - DataEye reports that the total view count for comic dramas will exceed 70 billion in 2025, with the number of produced comic dramas skyrocketing from 234 in January to 17,944 by December, an increase of nearly 80 times [4] Cost Reduction and Technological Advancements - Traditional animated micro-dramas have production costs of 15,000 to 30,000 yuan per minute, requiring teams of 7 to 15 people and 10 to 15 days to complete a single work [4] - AI technology can reduce production costs to 1,000 to 2,500 yuan per minute, with efficiency improvements of 50% to 80%, allowing top teams to produce 10 episodes in one day [4] Competitive Landscape - The entry of major players like Tencent, NetEase, ByteDance, and Baidu into the AI comic drama market signifies a shift from competition among small teams to a battle of ecosystems [5] - The collaboration between Tencent and NetEase is seen as a strategic move to leverage each other's strengths, with Tencent focusing on content and NetEase on distribution [11] Company Strategies - ByteDance has launched its independent comic drama app "Red Fruit Free Comic Drama," achieving 8.54 million monthly active users, and aims to replicate its success in the comic drama sector [14][23] - Baidu has adopted a dual-app strategy with "Youmanju" and "Qimao Manju," integrating its Wenxin large model technology with its IP library to enhance content production and distribution [24] - Tencent's approach is characterized by "ecological openness," differentiating it from ByteDance's algorithm-driven model and Baidu's search-push strategy [25]