独立投资人，前互联网创业者，产品经理；公关/广告勿扰，不接受任何形式的投资软文广告；所写即 所思，所思即所行 以下文章来源于方伟看十年 ，作者投资向善 方伟看十年 . ——查理·芒格 先解释一下标题，因为有人会混淆"软件公司"跟"互联网公司"，这其实是完全不一样的两个行业，虽 然互联网公司提供服务的载体也是软件，但他们售卖的产品或服务不是软件功能本身。 "互联网公司"，顾名思义，最重要的是"互联"，也就是"连接人与人、连接人与信息、连接人与商品 或服务"，随着更多人加入这家公司提供的服务网络，整个网络的价值会得到增强，你可以简单理解 为"单机游戏"跟"网络游戏"的区别，软件公司玩的是单机游戏，互联网公司玩的是网络游戏，前者往 往是 2B 的企业级服务，也被称之为 SaaS 服务，以提高企业效率为主，比如提供电商建站 SaaS 服 务的有赞、微盟；提供 HR SaaS 服务的北森；提供财税 SaaS 服务的用友、金蝶；提供企业办公协 作服务的钉钉、飞书、企业微信 （这里有一定的网络效应，不纯粹是 SaaS 服务） 。后者往往是 2C 的消费者服务，比如国内的微信、抖音、阿里、美团、滴滴、拼多多等等，海外的苹果、 ...

Core Insights - WeChat Mini Program Mall has become a core tool for online business development due to its lightweight features and high convenience, leveraging the vast user ecosystem of WeChat for customer acquisition, conversion, and retention [1] Functionality and Technical Aspects - A complete WeChat Mini Program Mall typically consists of four modules: front-end interaction, back-end management, data and marketing, and payment and fulfillment [1] - The front-end must balance visual appeal, smooth shopping flow, and responsive design across devices, while the back-end includes product listing, inventory synchronization, order processing, and customer service [1] - The data and marketing module is crucial for growth, providing user behavior analysis, membership points, and marketing activity creation [1] - Payment and fulfillment require secure and stable connections to payment channels and efficient logistics collaboration [1] Market Selection and Service Providers - There are three main approaches for selecting platforms: SaaS services, open-source frameworks for self-development, and customized development, with SaaS being the mainstream choice for most SMEs due to its quick deployment, cost control, and continuous updates [2] - Weimob stands out among SaaS providers with its comprehensive retail solutions, allowing over 200 SKU attributes for product management and effective data synchronization with mainstream ERP systems [4] - Weimob's system can handle high concurrency with a response time under 100 milliseconds and a peak order processing capability of over 10,000 orders per second [4] - Youzan, another leading provider, excels in membership systems and marketing tools, helping merchants build private traffic pools and achieve precise marketing automation [4] Specialized Platforms - Some platforms, like JD Retail Cloud, focus on specific areas such as supply chain and logistics integration, making them suitable for merchants reliant on JD's supply chain [5] - Tencent Cloud offers e-commerce solutions with advantages in cloud resource integration, security, and connectivity with other WeChat ecosystem tools [5] Technical Architecture and Security - Leading SaaS platforms typically use microservices architecture and containerized deployment to ensure high availability and elastic scalability [7] - They prioritize data security, holding national information security level three certification and adhering to financial-grade security standards during payment processes [7] - Some providers, like Weimob, offer private deployment options for larger enterprises with strict data control requirements [7] Decision-Making Considerations - When selecting a WeChat Mini Program Mall platform, companies should consider their development stage, industry characteristics, technical team configuration, and budget [8] - For businesses seeking quick deployment with comprehensive features and ongoing marketing capability updates, comprehensive SaaS platforms like Weimob and Youzan are efficient choices [8] - Companies with unique business models and strong technical capabilities may consider open-source frameworks for customization or adapt existing SaaS solutions [8] - Successful operation of a Mini Program Mall relies on refined management of WeChat ecosystem traffic, continuous optimization of user shopping experiences, and robust support from back-end supply chains and services [8]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 狀態: 新提交 | | --- | | 截至月份: 2025年11月30日 | 致：香港交易及結算所有限公司 公司名稱: 有贊科技有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08083 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | 本月底法 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 致：香港交易及結算所有限公司 公司名稱: 有贊科技有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08083 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 5 ...

Core Viewpoint - Youzan Technology has submitted an application to transfer its listing from GEM to the main board of the Hong Kong Stock Exchange, aiming to enhance its corporate image, public recognition, and attract quality merchants and partners [1][4]. Group 1: Listing Transfer - The transfer to the main board is expected to improve the company's ability to attract high-quality merchants, business partners, and talent [1]. - The main board offers a broader base of international, regional, and local investors, which will enhance investor exposure, international image, and share liquidity [1]. Group 2: Business Overview - Youzan Technology is a Chinese cloud-based business service provider, primarily offering a social network-based omnichannel SaaS system, integrated new retail solutions, and PaaS services [4]. - The company was listed on the Hong Kong Stock Exchange in 2018 under the title "the first stock of the WeChat ecosystem" and renamed its stock to "China Youzan" [4]. Group 3: Financial Performance - In the first half of this year, Youzan Technology achieved a revenue of 710 million yuan, representing a year-on-year growth of 4% [4]. - The company reported a net profit of 73 million yuan, successfully turning a profit [4].

Group 1 - Company Youzan (08083.HK) experienced a significant increase in stock price, rising over 10% in early trading [1] - As of the latest update, the stock price is reported at 0.215 HKD, reflecting a gain of 9.69% [1] - The trading volume reached 15.1325 million HKD [1]

Core Viewpoint - Youzan (08083) has seen a significant increase in stock price, rising over 10% in early trading, attributed to its announcement of a transfer application to the main board of the Hong Kong Stock Exchange, which is expected to enhance its valuation if successful [1] Group 1: Stock Performance - Youzan's stock price increased by 9.69%, reaching HKD 0.215, with a trading volume of HKD 15.1325 million [1] Group 2: Corporate Actions - Youzan submitted an application for a transfer to the main board on October 28, 2025, under the main board listing rules Chapter 9B, without issuing new shares [1] - According to Guozheng International's report, the current valuation of the company is negatively impacted by its listing on the Hong Kong Growth Enterprise Market, and a successful transfer to the main board could improve its valuation due to better operational performance [1] Group 3: Strategic Partnerships - Youzan announced a collaboration with TCL Industries to explore the application of AGI (Artificial General Intelligence) in retail scenarios, aiming to reshape the "people-goods-market" relationship [1] - Additionally, Youzan has formed a strategic partnership with BeBeBus, a leading brand in the maternal and infant sector, to explore the deep application of AGI in maternal and infant consumption scenarios [1]

Core Viewpoint - Youzan (08083) has submitted an application for a transfer to the main board of the Hong Kong Stock Exchange, which is expected to enhance its valuation if successful [1] Group 1: Stock Performance - Youzan's stock price increased by over 10% in early trading, currently up 9.69% at HKD 0.215, with a trading volume of HKD 15.1325 million [1] Group 2: Corporate Actions - The company submitted a transfer application to the Hong Kong Stock Exchange on October 28, 2025, under the main board listing rules Chapter 9B, without issuing any new shares [1] - Guo Zheng International previously reported that the current valuation of the company is negatively impacted by its listing on the Growth Enterprise Market, and a successful transfer to the main board could improve its valuation in light of positive operating performance [1] Group 3: Strategic Partnerships - Youzan has announced a collaboration with TCL Industries to explore the application of AGI (Artificial General Intelligence) in retail scenarios, aiming to reshape the "people-goods-market" relationship [1] - The company has also formed a strategic partnership with BeBeBus, a leading brand in the maternal and infant sector, to jointly explore the deep application of AGI in maternal and infant consumption scenarios [1]

Core Viewpoint - Youzan (08083) has submitted an application for a transfer listing to the Hong Kong Stock Exchange on October 28, 2025, in accordance with Chapter 9B of the Main Board Listing Rules [1] Group 1 - The company is seeking to transition its listing to the main board of the Hong Kong Stock Exchange [1]

Core Viewpoint - Youzan (08083) has submitted an application for a transfer listing to the Stock Exchange on October 28, 2025, in accordance with Chapter 9B of the Main Board Listing Rules [1] Group 1 - The company is transitioning to a different listing platform, indicating a strategic move to enhance its market presence [1]