Core Viewpoint - Alibaba Group announced the withdrawal of its logistics subsidiary, Cainiao Smart Logistics Network, from its initial public offering (IPO) application in Hong Kong, while planning to acquire all minority shares at a total price of $3.75 billion, reflecting its commitment to the logistics platform [2][3]. Group 1: IPO Withdrawal - Cainiao had initially aimed for an IPO within 12 to 18 months after Alibaba's organizational restructuring, with expectations of becoming a significant player in the market [3]. - The decision to withdraw the IPO was influenced by the challenging market conditions that could not accurately reflect Cainiao's valuation and potential shareholder returns [3]. - The Hong Kong IPO market has been underperforming, with low fundraising amounts and a lack of large IPO projects, contributing to the decision to delay [3]. Group 2: Strategic Focus - Alibaba's management has shifted its focus towards core businesses, particularly e-commerce and cloud computing, leading to a strategic realignment that prioritizes investment in logistics [3]. - The integration of Cainiao with Alibaba's e-commerce operations is deemed essential for enhancing consumer experience and supporting international business growth [3]. - Alibaba plans to invest $3.75 billion in Cainiao, emphasizing long-term growth and the need for patience in achieving returns on investment [3]. Group 3: Employee Incentives - Cainiao's CEO announced a "second entrepreneurship" incentive plan for employees, which includes additional bonuses in 2025, aimed at boosting morale and ensuring operational stability [4].

Core Viewpoint - Longfor Group Holdings Limited reported its annual performance for the year ending December 31, 2023, highlighting a resilient approach amid macroeconomic shifts towards high-quality development in the real estate market [1] Financial Performance - The company achieved a total revenue of 180.74 billion yuan and a net profit attributable to shareholders of 12.85 billion yuan, with core net profit after excluding fair value changes reaching 11.35 billion yuan [1] - Gross profit amounted to 30.58 billion yuan, resulting in a gross margin of 16.9%, while the core net profit margin stood at 8.7% and the core profit attributable to equity holders was 6.3% [1] Development Business - The development segment generated revenue of 155.86 billion yuan, with a total delivered property area of 10.708 million square meters and a settlement gross margin of 11.0% [1] - The company recorded contract sales in real estate development of 173.49 billion yuan, achieving a sales collection rate exceeding 100% [1] Regional Sales Performance - Sales distribution by region showed that the Yangtze River Delta, Bohai Rim, Western China, South China, and Central China accounted for 28.9%, 21.8%, 28.4%, 11.8%, and 9.1% of total sales, respectively, with first and second-tier cities making up 95% of sales [1] Delivery and Customer Satisfaction - Longfor Group delivered a total of 140,000 housing units in 2023, with 20% delivered more than a month ahead of schedule, achieving a customer satisfaction rate exceeding 90% [1] Investment Strategy - The company focused on investment in core regions, acquiring 31 new land parcels in major cities such as Shenzhen, Shanghai, Guangzhou, Chengdu, Hangzhou, and Suzhou, with a total new land reserve area of 3.68 million square meters and an equity area of 2.66 million square meters [1] - As of December 31, 2023, the total land reserve reached 45.39 million square meters, with an equity area of 32.36 million square meters, concentrating 77% of its value in high-energy cities and valuable areas at reasonable costs [1]

Market Overview - China has nearly 400 million female consumers aged 20-60, controlling annual consumption expenditure of up to 10 trillion RMB, driving the booming "She Economy" [1] - The 38 Festival serves as a key consumption node for female consumers, with brands leveraging this period for commercial growth [1] Campaign Strategy - Meituan Waimai launched a 38 Festival campaign themed "Timely Love, Year-Round Care" in collaboration with 38 top brands to enhance female consumer experience and drive sales and brand reputation [1] - The campaign ran from March 4 to March 10, featuring a main event page and 38 super product sub-pages, offering discounts of up to 50% across categories like personal care, daily necessities, beverages, and snacks [2][3] - Meituan Waimai integrated in-app resources, live streaming, and community marketing to amplify the campaign's reach and engagement [3] Brand Collaboration - Meituan Waimai partnered with 38 renowned brands, including Unicharm, Kimberly-Clark, Ferrero, RIO, Henkel, Mondelez, Glico, Mars, Okamoto, Carlsberg, Unilever, Genki Forest, Coca-Cola, Kao, Liby, Nice, Blue Moon, PepsiCo, Nestlé, Wall's, Sensodyne, Tsingtao Beer, Johnson & Johnson, Budweiser, Yili, Haitian, Wyeth, Jingxing, Kars, Junlebao, Shanghai Jahwa, Hawley & Hazel, Lindt, Mengniu, Vinda, Totole, and Jissbon [3] - The collaboration aimed to provide year-round care for female consumers, leveraging Meituan Waimai's real-time delivery capabilities to meet immediate needs and build stronger emotional connections [3] Social Media Engagement - Meituan Waimai utilized social platforms like Weibo and Xiaohongshu to create buzz around the campaign, with a "Love Relay" initiative on Weibo and KOL-driven unboxing and giveaway events on Xiaohongshu [4][5][6] - The Xiaohongshu campaign achieved over 2.91 million impressions and 53,000 interactions, with KOLs promoting the "Love Container" giveaway to engage users and enhance brand perception [6] Innovation in Marketing - Meituan Waimai upgraded its "Super Brand Alliance" IP, transforming single-brand promotions into cross-category collaborations, redefining festival marketing with innovative content, consumer experiences, and emotional connections [7] - The campaign highlighted the potential of instant retail platforms like Meituan Waimai as a new growth avenue for brands, encouraging them to adopt innovative marketing strategies to engage consumers [7]

3月13日，工业富联发布2023年年报，受益于AI算力需求强劲增长带动，实现全年营收4763.4亿元创历 史次高，归母净利润210.4亿元同比增长4.8%，扣非净利润202.1亿元同比增长9.8%，创下历史新高。同 时，工业富联拟每股派发现金红利0.58元(含税)，分红总额115.2亿元，分红率54.76%，创下历史新高。 自2018年上市以来，工业富联已连续6年提高分红比例，2018年至2020年, 该公司分红占当年度净利润比 例分别为15.15%、21.36%、28.49%。2021年，随着业绩快速增长，工业富联分红比例进一步提升至 50%，合计派发现金红利98.91亿元，2022年，工业富联再度提高分红比例至54.41%，使得五年来累计 分红达323亿元。今年，随着业绩的持续向好，工业富联再度大手笔分红，分红总额和比例进一步创下 新高。 工业富联还在财报中表示，将始终怀着感恩之心，不断创新利益共享机制，创造更好的环境，以更多元 的方式，让更多支持、陪伴我们成长的伙伴共享公司发展的果实。 ...

Core Insights - The release of the guide titled "Driving Financial Health and Inclusion for Individuals and Enterprises: From Setting Goals to Implementation" by Jiangsu Bank, UNEP FI, and 26 global PRB banks emphasizes the importance of financial health and inclusion as foundational elements for sustainable and equitable development [1][1][1] - The guide aims to provide a unified definition and standards for the financial industry to implement financial health and inclusion strategies, offering practical tools such as core indicators and implementation roadmaps [1][1][1] Financial Health and Inclusion - Financial health is defined as the ability of individuals or enterprises to manage their current financial obligations while feeling confident about their financial future, which is a key determinant of overall well-being [1][1] - The guide includes 27 core indicators and 47 alternative indicators to assist financial institutions in setting short- and long-term impact goals related to health and inclusion, thereby formulating robust and sustainable business strategies [1][1][1] Jiangsu Bank's Role - Jiangsu Bank serves as the sole representative of the East Asia region on the UNEP FI Banking Council, aiming to establish a leading and influential green finance brand in China [1][1] - The bank actively integrates the six fundamental principles of the Responsible Banking Principles with sustainable development concepts, developing an ESG strategy and participating in international financial standard design to enhance the global influence of responsible banking principles [1][1][1]

Core Viewpoint - The automotive industry is experiencing an intensified price war, particularly among electric vehicle manufacturers, leading to significant discounts and potential market reshuffling [3][5]. Group 1: Price War Dynamics - BYD initiated the price war by launching a series of discounted models, with prices dropping as low as 79,800 yuan, prompting at least 13 other car manufacturers to follow suit with various discounts [3][4]. - The price cuts are primarily focused on the new energy vehicle sector, with discounts ranging from a few thousand to 50,000 yuan [3][4]. - Major players like Xpeng Motors and Nezha Auto have introduced limited-time price reductions, while Li Auto and NIO have not yet participated in this round of price cuts [3][5]. Group 2: Sales Performance - In February, Xpeng Motors recorded the lowest delivery numbers among new energy vehicle manufacturers, delivering only 4,545 vehicles, which is a 44.9% decrease month-over-month and a 24.3% decrease year-over-year [5][6]. - Despite a year-on-year increase of 13.96% in total deliveries for the first two months of 2023, Xpeng's performance remains below the levels seen in early 2022 [6]. Group 3: Financial Health - Xpeng Motors has been operating at a loss, with a negative gross margin of -2.03% in the first three quarters of 2023, indicating that the company loses money on each vehicle sold [6]. - In contrast, Li Auto has achieved profitability with a gross margin of 22.2%, while NIO and Leap Motor are also facing losses but have shown some improvement in their financial metrics [6]. - The ongoing price war may exacerbate Xpeng's financial struggles, as further price reductions could lead to an even lower gross margin [6].

Core Viewpoint - The 2024 National "Two Sessions" emphasized the need to cultivate new consumption patterns and enhance services for the elderly, promoting the development of the silver economy [1] Group 1: Company Initiatives - JD Health has upgraded its "age-friendly" service system to meet the diverse health needs of the elderly, aligning with national policies [1][3] - The company launched a health and elderly care channel on its app, providing a one-stop shopping experience for health products tailored for seniors [1] - JD Health's elderly care channel includes professional shopping guides to assist elderly users in making informed decisions across eight health care categories [1] Group 2: Service Offerings - The "Year-Round Elderly Care" service was introduced to address the daily care needs of seniors, matching each elderly individual with a dedicated health manager [2] - As of February 2024, the service achieved a health risk identification rate of 98% and a chronic disease intervention rate of 85.3%, with a user satisfaction rate of 95.5% [3] - JD Health aims to continue leveraging its digital health capabilities to enhance elderly care services and contribute to the high-quality development of the elderly care sector in China [3]

3月1日，由移动支付网发起的第十届“金松奖”金融科技行业评选结果正式揭晓。美团企业版凭借数字化+新场景在银行行业的最新应用成果，首次参选即在超过100份参评项目中突出重围，荣获本届“金松奖”方案/案例类重磅奖项“技术创新成果奖”。  “金松奖”是移动支付网主办的金融科技行业线上评选活动，旨在从企业、产品、方案和案例等多维度，全面展示过去一年金融科技产业创新成果。2023年度第十届“金松奖”金融科技行业评选，聚焦金融科技创新、数字人民币、支付数字化、合规科技、产业金融等领域，呈现最新应用成果。      美团企业版是适用于银行员工、银行对公/对私客户多场景的通用综合解决方案。基于美团外卖、到店、酒店、机票、买菜等优质供给，结合企业版线上管控能力，支付结算服务，提供内外部餐补福利、24小时线上餐厅，积分商城兑换、App会员体系、优惠券等多种形式，帮助内部员工、外部客户全面实现数字化用餐及管理服务。结合美团“食住行游娱购”等丰富场景、线上化管理能力、集中支付对账等一体化解决方案，打通银行内外部系统，帮助银行及背后服务客户全面实现线上、数字化订餐服务及用餐管理，充分满足银行智慧食堂及客户场景营销和活跃经营需求。 ...

格隆汇2月28日｜礼来公司首席执行官David Ricks表示，预计最早将于明年在印度推出肥胖症药物tirzepatide。当被问及礼来是否愿意允许tirzepatide的授权仿制药上市时，Ricks称，只要对公司有意义，而且我们能供应市场，我们愿意接受任何能让更多患者受益的方式。该药物在美国的销售品牌为治疗糖尿病的Mounjaro和减肥药Zepbound。Ricks在印度举行的亚洲生物技术大会BioAsia上发表主旨演讲时说，印度应加强专利保护、废除多余的政策、建立社会安全网，以赢得全球制药商的更多投资。 (责任编辑：宋政 HN002) ...

作者/庆福 编辑/嘉嘉 日前，携程发布2023年第四季度及全年未经审计的财务业绩：2023年携程全年净营业收入达到445亿元，同比增长122%。携程集团联合创始人、董事局主席梁建章表示：有信心在2023年成功的基础上更上一层楼，进一步探索未来的机遇。 在中国互联网行业普遍低迷的大背景下，携程三位数的高速增长大放异彩，但携程也存在依靠“搭售”、“大数据杀熟”等不道德手段追求业绩的情况，这背后反映出携程急功近利，不是一个合格的行业领导者的现实。 【1】不稳的行业老大，携程的焦虑 据易观数据显示：2023年1月，携程旗下携程旅行App、去哪网月活规模分别为5989.03万、3486.61万，远超第三名飞猪旅行App1824.36万的月活规模。 但携程看似稳固的江湖地位却面临抖音、美团“新势力”的冲击，而凭借流量优势，新势力在流量入口、供应商资源等方面对携程构成了潜在威胁。 2023年上半年，抖音在酒旅领域重点布局，上线日历房功能、将酒旅升级为一级部门和到店业务平行。这代表着抖音为酒旅商家在抖音平台上入驻经营、订单转化提供了充足的保障。而这些措施效果显著：2022年抖音平台酒旅行业支付GM ...