Core Viewpoint - Xiaohongshu e-commerce has launched a "Million Commission-Free Plan" to reduce operational costs for merchants, signaling a strong commitment to developing its e-commerce platform and attracting new stores [1] Summary by Relevant Sections Commission-Free Plan Details - The plan will be effective from September 1, 2025, to August 31, 2026, allowing the first 1 million yuan of payment transaction amounts for the same merchant to be exempt from commission, retaining only a 0.6% payment channel cost [1] - Previously, Xiaohongshu's commission rates varied by category, typically ranging from 2% to 5%, but the new plan simplifies this to a uniform rate of 0.6% for the first 1 million yuan [1] - Multiple stores under the same entity can share the 1 million yuan incentive quota, and if the original category rate is lower than 0.6%, the original rate will apply [1] Merchant Attraction Strategy - The plan has minimal entry barriers, with automatic commission reductions during service fee settlements, requiring no application from merchants [1] - This initiative aims to attract more merchants to join and operate on the platform, thereby enriching the variety of products and services available [1] Previous Initiatives - Earlier in the year, Xiaohongshu e-commerce introduced various measures to help merchants reduce operational difficulties and costs, including the recruitment of e-commerce operation service providers to accelerate the growth of potential merchants [2] - In April, the company upgraded the settlement period for merchants, enhancing cash flow efficiency through measures like shortening the confirmation of receipt time and implementing differentiated settlement strategies [2]

Core Points - Taobao Flash Sale and Ele.me have launched a new upgraded autumn delivery uniform for their riders, providing free full sets of new uniforms, helmets, and delivery boxes to approximately one million urban riders [1] - The companies have announced a series of upgrades to the urban rider incentive and protection system, including social security subsidies of 50% or more for all riders nationwide, special heat protection insurance, and increased support for riders in need [1][6] - The new uniforms emphasize functionality and practicality, made from high-performance 3L composite fabric that is windproof, breathable, and water-resistant, exceeding national standards [1][4] Uniform Features - The new uniform includes a right sleeve pocket for storing critical information such as blood type, allergens, and emergency contacts, enhancing safety in emergencies [2] - The accompanying delivery box has a capacity of 43L, is waterproof and insulated, and features a theft-proof lock, while the helmet is designed for improved impact resistance [4] - The uniform allows for personalized expression with a Velcro area on the back for riders to customize text [6] Incentive System Upgrades - The urban rider protection system has been upgraded to include subsidies for pension and medical insurance, with a maximum subsidy rate of 100% [6] - The "Orange Intent Program" will further incentivize acts of kindness without a cap and provide educational assistance for riders' children, along with increased support for riders in difficult situations [6] - The platform will invest more in rewarding safe riding practices and enhance the rider safety rescue product system [6]

Core Insights - Lucky Coffee, a brand under Mixue Group, has officially opened its first overseas store in Malaysia, selling nearly 2,000 cups on the opening day [1][3]. Group 1: Store Location and Design - The store is located in the core residential and commercial area of Puchong, Selangor, Malaysia, which is one of the earliest developed and most mature areas in Puchong [3]. - The store's design incorporates Chinese cultural elements while integrating local culture, featuring localized products such as matcha lemon, mocha, matcha strawberry coconut, and strawberry iced tea [3]. - The exterior of the store is painted in the brand's signature red, with a modern interpretation of traditional Chinese architecture, enhancing brand recognition [3]. Group 2: Domestic Growth and Future Plans - Lucky Coffee has experienced rapid growth in the domestic market, with over 7,000 signed stores as of July this year [3]. - The company plans to refine its overseas store model and deepen its presence in the Southeast Asian market [3].

新浪科技讯 8月23日晚间消息，据外媒报道，苹果近日向加州北区联邦法院提起诉讼，指控前Apple Watch传感器系统华裔架构师在离职前系统性窃取一系列核心商业机密，并跳槽到OPPO，将这些信息 提供给OPPO开发可穿戴设备。 责任编辑：凌辰 针对此事，OPPO法务部回应称：我们已注意到苹果公司近期在加州提交的诉讼，并仔细审查了苹果诉 状中指控的内容，没有发现任何事实能够证明这些指控与该员工在OPPO雇佣期间的行为有关。OPPO 尊重包含苹果公司在内任何公司的商业秘密，并未侵犯苹果公司商业秘密。OPPO将积极配合法律程序 的推进，亦相信公正的司法审理能够澄清事实。 ...

Core Insights - Xiaomi has opened its largest store in Yunnan, the Xiaomi Home Kunming Park 1903 Automotive Flagship Store, which features a castle-style architecture and is referred to as the "most beautiful Xiaomi Home" by fans [1][3] Group 1: Store Features and Offerings - The Kunming Park 1903 store spans 1,600 square meters and includes a variety of products such as smartphones, AIoT devices, and home appliances, with five Xiaomi cars, including the YU7, prominently displayed [3] - The second floor is dedicated to smart home appliances and a customer service center, along with a coffee and tea area for customers [3] - The store aims to serve not only as a sales space but also as a social hub for users to explore and share experiences, embodying the concept of a technology living room [3] Group 2: Expansion Plans and Strategic Goals - By the end of this year, Xiaomi plans to exceed 20,000 Xiaomi Home stores, marking a significant milestone in the brand's image upgrade process [3] - The company aims to upgrade 3,000 stores to enhance their locations, sizes, and product variety, with over 200 stores integrating the "people, vehicles, and home" ecosystem for a comprehensive product experience [3] - Additionally, Xiaomi has established over 2,000 integrated sales and service stores nationwide to improve customer service and experience [3]

Core Viewpoint - Apple has filed a lawsuit against a former architect of its Apple Watch sensor system, accusing him of systematically stealing trade secrets before joining OPPO to assist in developing wearable devices [1] Group 1: Lawsuit Details - The lawsuit was filed in the Northern District of California, alleging that the former employee downloaded 63 confidential files from a protected Box folder before leaving Apple [1] - The downloaded files included critical information such as design schematics for the Apple Watch Ultra 3 chip, FDA certification ECG algorithm processes, and a roadmap for next-generation non-invasive blood glucose monitoring [1] - Apple claims the employee misled the company about his job search intentions and concealed his acceptance of a position at OPPO [1] Group 2: Employee's Role and Actions - The accused employee, Chen Shi, worked as a sensor system architect for the Apple Watch from January 2020 to June 2025, focusing on sensitive projects like heart rate monitoring and ECG [1] - After leaving Apple, he joined OPPO's research center in Silicon Valley, where he is responsible for a team developing sensor technology [1] - Apple is seeking an injunction to prevent both the former employee and OPPO from using its confidential health sensor technologies in competitive products [1]

Group 1 - The core point of the article is that Pop Mart International Group has been included in the Hang Seng Index, marking its first inclusion, alongside China Telecom and JD Logistics, increasing the number of constituent stocks from 85 to 88, effective September 8, 2025 [1][4] - Pop Mart has previously been listed as a potential candidate for the Hang Seng Index multiple times before its actual inclusion [4] - Following the announcement, Pop Mart launched a new series of plush toys under its IP THE MONSTERS, indicating ongoing product development and brand expansion [4] Group 2 - In the first half of 2025, Pop Mart's IP LABUBU and other major IPs generated over 1 billion yuan in revenue, with five key IPs exceeding 10 billion yuan in total revenue [4] - As of August 22, Pop Mart's stock price was 320.4 HKD, with a total market capitalization exceeding 430 billion HKD, and the stock has seen a price increase of over 258% year-to-date [4]

Core Viewpoint - FAW Hongqi will launch models equipped with Huawei's full-stack solutions next year, including features like QianKun intelligent driving and HarmonyOS cockpit [1] Group 1: Collaboration Details - The collaboration will initially focus on the Hongqi 9 series, which includes models such as H9, E-HS9, HQ9, and HQ9 PHEV, covering various power types like fuel, plug-in hybrid, and pure electric [1] - This partnership is part of a broader trend, as several other Chinese automakers, including BAIC, Changan, Dongfeng, and SAIC, have also established collaborations with Huawei [1] Group 2: Industry Context - The announcement follows a recent memorandum of understanding between FAW Jiefang and Huawei, indicating a growing trend of cooperation between state-owned enterprises and technology firms in the automotive sector [1] - The integration of Huawei's technology into vehicles is becoming increasingly common, as seen with the recent launch of new models from FAW Audi that feature Huawei's QianKun intelligent driving [1]

Group 1 - Xiaomi has opened its first official store in Germany, located in Essen, North Rhine-Westphalia, which is currently in a trial operation phase [1][2] - The grand opening ceremony is scheduled for September 26 [2][3] - The store offers a wide range of Xiaomi products, including smartphones, wearables, smart home devices, and e-scooters [1][2] Group 2 - A special promotion is available for customers until the end of August, where they can receive a free screen protector installation when purchasing a product in-store and sharing their visit on social media [1][2]

夏莲指出，上市圈钱不是自己的人生追求和理想，自己从斑马智行首轮融资12亿，60亿 AliOS合并重 组，30亿再增资，7亿新股权融资，到完成股改，一路风雨，支持自己的是对一件事有始有终做完的信 念，对一群有情有义的人做一件有意义的事的理想主义追求，如果这些不复存在，自己不愿意为上市圈 钱再委曲求全。 "非常鄙视斑马某些高管的人品与行径，承认你的权谋与城府，但鄙视你的为人与价值观。"夏莲表示， 因为还有一些好朋友投资在斑马这个局里，很高兴自己的离开帮这些朋友降低了50%的估值，"希望降 了50%估值的斑马可以帮他们成功登陆"。 责任编辑：何俊熹 新浪科技讯 8月22日晚间消息，斑马网络技术股份有限公司（简称斑马智行）递交招股书准备在港交所 上市之际，原斑马智行CFO夏莲在朋友圈发文对此事进行了点评，公开表示"不看好公司业务发展""上 市圈钱不是人生追求和理想"，并表示自己已于2025年4月离开公司。 夏莲表示，"过去3年也许斑马业绩增长不达预期，但对比未来3年，很可能是斑马最好的3年。"在其看 来，没有门槛的座舱技术，车厂都可以自己干。 ...