Company Overview - Chengdu Qixian Information Technology Co., Ltd. has recently undergone a change in its registered capital, decreasing from 500 million RMB to 100,000 RMB [1] - The company was established in August 2018 and is legally represented by Lin Feng [1] - The business scope includes non-residential real estate leasing, electronic product sales, wholesale and retail of edible agricultural products [1] Ownership Structure - The company is wholly owned by Beijing JD Century Trade Co., Ltd. through indirect holdings [1]

8月20日，京东与全球显示领域领先企业BOE(京东方)联合举办了"双京赋能计划"三周年庆典。过去三 年，双方通过深度协同，将京东对用户需求的深度洞察与BOE的尖端显示技术深度融合，开创了"需求 反哺研发-技术直达用户"的双向赋能典范，重塑了显示技术从创新到应用的最短价值链路，显著推动 BOE(京东方)技术品牌从行业走向大众，为产业树立了技术普惠与生态共赢的新标杆。 京东一直坚持提升消费者在成本、效率、服务与体验维度的满意度。从引领1ms响应电竞屏、99%+色 域专业创作屏到普及240Hz+超高刷标准，每一次用户反馈都驱动着京东与BOE(京东方)及品牌伙伴的技 术协同与生态重构，Mini LED背光、健康护眼等创新技术正在通过京东的全渠道触点,高效触达每一位 用户。作为"技术-产品-用户"核心连接枢纽的角色，京东将继续通过与上游伙伴、品牌方及JDG等的深 度协同，深化C2M产品机制与市场动向共享，整合多维营销资源与京东MALL等全渠道力量，完善从显 示技术到用户体验提升的全链条服务，共同塑造更沉浸、流畅的电竞视觉生态，推动行业跳出低效竞 争，实现可持续的价值闭环。 大会期间，包括京东、BOE(京东方)等多方代表 ...

"这些骑手的心声，道出了加强对外卖小哥等新就业人群的权益保护，既是一线从业者的热切期盼，也 是一道急需破解的现实难题。" "有了五险一金，能解决买房、上学、看病、养老等非常现实的问题""努力工作的前提是身体不能垮， 有医保，看病更有底气""有了生育险和正式工待遇，陪产不用再担心丢了工作"……这些骑手的心声， 道出了加强对外卖小哥等新就业人群的权益保护，既是一线从业者的热切期盼，也是一道急需破解的现 实难题。相关企业给他们缴社保，是企业主动履行社会责任的担当，有助于增强员工的获得感、归属 感，还有利于提升职业认同感，促进相关行业规范发展。 诚然，新的探索进步明显，完善骑手劳动权益保障还任重道远，关键问题是骑手们的用工形式多样，有 专职、众包、专送等等，导致他们缴纳社保也十分复杂，骑手们对缴纳社保也意见不一。有人觉得有社 保就有了保障；有人担心缴纳社保会压低实际收入，是关注眼下多拿现钱，还是着眼长远多些保障；有 人把骑手当作一份过渡工作，"没准备干太长时间"……不同人有不同考量。这样的选择无论对骑手还是 企业来说，缴纳社保都缺少了动力。 给快递小哥上社保，无疑是件好事，但职业流动性强也决定了，他们需要更为灵活的社 ...

大型蓝筹股多数下跌，汇丰控股收报102.118港元，较香港收市涨2.63%；腾讯控股收报591.523港元，较香港收市涨0.17%。 | 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADRIEG | ADR换算价(HKD) | 较港股升跌 较 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | ○ 00700 | 590.500 | -2.000 | -0.34% | TCEHY | 591.523 | +1.023 | | 2 | 阿里巴巴-W | 09988 | 117.500 | -0.800 | -0.68% | BABA | 116.682 | -0.818 | | 3 | 建设银行 | 00939 | 7.750 | +0.040 | 0.52% | CICHY | 7.749 | -0.001 | | 4 | 汇丰控股 | 00005 | 99.500 | +0.450 | 0.45% | HSBC | 102.118 | +2.618 | | 5 | 小米集团-W | 01810 ...

Group 1 - The "Summer Gift - Gathering in Changsha" event, co-hosted by local government and companies like JD Group and Ausnutria, aims to enhance consumer experience and promote quality consumption in Changsha [1][3] - The collaboration between JD Group and Ausnutria is designed to provide high-quality nutritional products at more affordable prices, benefiting more families [3][4] - The event features the distribution of consumer vouchers covering over 30,000 mother and baby products from more than 700 brands, offering a 10% discount on the actual payment amount [4][5] Group 2 - Ausnutria's products saw double-digit growth on JD's platform in August, indicating strong consumer recognition and the effectiveness of the event in stimulating market activity [5] - The initiative is part of a broader strategy to elevate local industry capabilities and transform from "product output" to "brand value enhancement," allowing local products to reach a wider national market [5] - Ausnutria plans to leverage this event as a starting point for further technological innovation and quality upgrades, contributing to the "Healthy China" initiative and enhancing consumer health and happiness [5]

Core Viewpoint - The article highlights the growing consumer anxiety and trust crisis in the pet food industry, driven by a lack of transparency in ingredient sourcing and quality, leading to increased scrutiny from pet owners [5][9][10]. Group 1: Consumer Behavior and Market Trends - A significant portion of pet owners, particularly those born in the 90s and 00s, are increasingly involved in understanding pet nutrition, with 67.7% of this demographic owning pets [5]. - The educational background of pet owners is high, with 92.5% holding a college degree, yet they still face confusion when selecting pet food [6]. - Over 80% of pet owners view their pets as family members, with 60% creating specific dietary plans for them [8]. Group 2: Industry Challenges - The pet food industry faces a trust crisis due to low transparency and inconsistent quality of ingredients, leading to consumer anxiety about pet nutrition [9]. - Marketing practices often mislead consumers, such as "grain-free" products containing starches that can upset pets' stomachs, exacerbating the trust issue [9]. - There is a call for the entire industry to collaborate on establishing higher standards for ingredient transparency and safety [9][10]. Group 3: Initiatives for Improvement - In 2023, JD.com launched the first industry-wide ingredient transparency certification, setting 39 standards for pet food production, including a four-hour traceability requirement [10]. - The "Gold Selection Plan" introduced by JD.com aims to enhance product quality and transparency, providing consumers with reliable recommendations [21][23]. - Brands like Bernat Tianchun are implementing strict quality controls and transparency measures to meet JD.com's high standards, ensuring product safety and quality [17][18]. Group 4: Collaboration and Innovation - The partnership between JD.com and pet food brands is evolving from a simple sales channel to a collaborative model focused on product innovation and quality assurance [28][29]. - JD.com’s logistics capabilities, including fast delivery services, are crucial for maintaining the freshness of pet food, enhancing customer satisfaction and repeat purchases [29]. - The industry is moving towards a model where quality, transparency, and trust are prioritized, benefiting both consumers and the overall market [30].

8月19日晚8点，京东拍卖七夕专场重磅开启，汇集价值超5万元的黄金玫瑰花束、劳力士顶奢腕表、唐 艺昕亲戴款AM超大克拉蓝宝石三件套、全球仅一束的999枝1.5米稀缺厄瓜多尔玫瑰等12款稀缺拍品， 创新玩法每日上新，1元起拍，总有一款能让你心动。即日起，上京东搜索"京东拍卖"即可预约锁定专 属竞拍提醒通道，8月19日开始至29日，每天都有超值拍品，快来捡漏极致浪漫好礼。 一直以来，京东拍卖立足消费者需求，基于京东强大的供应链能力，在世界范围内甄选新奇产品、限量 藏品、捡漏商品、高性价比资产，以多元化拍品构建覆盖收藏投资与生活消费的全场景竞拍生态。未 来，京东拍卖将持续拓展优质拍品资源，创新竞拍玩法，为用户提供高品质的竞拍体验。 随着年轻人七夕送礼需求越发多元化，今年七夕节前夕，京东拍卖甄选多款珍稀拍品，包括近60克的 999足金黄金玫瑰花束、黑神话悟空天命人全家桶、12款大牌香水礼盒、18K金镶钻劳力士女装日志型 腕表、20款限定Labubu礼盒、雅诗兰黛小棕瓶七夕礼盒和50瓶小棕瓶、唐艺昕亲戴款AM超大克拉蓝宝 石三件套、香奈儿与爱马仕奢品包包组合、999枝1.5米超长稀有厄瓜多尔玫瑰花束、全套电竞房装备、 ...

Core Insights - The article discusses the contrasting trajectories of Suning and JD.com, highlighting how Suning has struggled while JD.com has thrived in the e-commerce landscape [3][4][26]. Group 1: Company Background - Suning and JD.com were once fierce competitors, with Suning being a traditional retail giant and JD.com emerging as a leading e-commerce platform [3][4]. - Suning's financial troubles are evident, with three core companies entering bankruptcy restructuring in February 2025, accumulating a total debt of 130 billion yuan, while Suning's asset-liability ratio stands at 90.63% [4][26]. - In contrast, JD.com reported a revenue growth of 22.4% year-on-year in Q2 2025, reaching 356.7 billion yuan, and a total revenue of 657.8 billion yuan in the first half of 2025, up 19.3% from the same period in 2024 [4][26]. Group 2: Historical Development - Both Zhang Jindong (Suning) and Liu Qiangdong (JD.com) started their businesses with limited capital, but their paths diverged significantly at key moments [5][6]. - Suning began as an air conditioning retailer in 1990, while JD.com started as a multimedia store in 1998, focusing on selling authentic products [5][6]. - The SARS outbreak in 2003 prompted JD.com to pivot to online sales, while Suning only launched its e-commerce platform in 2010, missing the early opportunities in the digital marketplace [6]. Group 3: Competitive Strategies - JD.com invested heavily in building its logistics infrastructure, recognizing it as a critical factor for success, which included launching same-day delivery services in 2010 [7][9][10]. - JD.com adopted an internet-based business model that leveraged big data and cloud computing for inventory management and customer insights, enhancing its competitive edge [11][12]. - In contrast, Suning's extensive offline store network became a liability, leading to high operational costs and inefficiencies in inventory management [13][14]. Group 4: Market Position and Performance - JD.com has captured a significant market share in China's B2C e-commerce, reaching 21.1% in 2024, while Suning's market share dwindled to 4.1% [16]. - The price war initiated in 2012 severely impacted Suning, forcing it to offer price subsidies that further strained its financial health [21][22]. Group 5: Leadership and Management Styles - Liu Qiangdong's hands-on leadership style and willingness to take risks have been pivotal in JD.com's growth, fostering a culture of innovation and responsiveness [23]. - Zhang Jindong's cautious approach has led to missed opportunities for Suning, as the company struggled to adapt to the rapidly changing e-commerce landscape [24][25]. Group 6: Lessons Learned - The competition between Suning and JD.com illustrates the importance of strategic foresight, execution capability, and maintaining focus on core business areas for sustained success in the market [26][27].

Core Viewpoint - The article discusses the strategic shifts of major platforms like Meituan, Ele.me, and JD.com in the instant retail sector, moving from price competition to value creation, emphasizing supply chain capabilities and channel expansion. Group 1: JD.com Initiatives - JD.com opened its first discount supermarket in Hebei, attracting over 100,000 customers in two days, which is about one-sixth of the city's population [2][4] - The company reported a threefold increase in foot traffic and a 100% increase in online orders for its Seven Fresh Food MALL since its opening [2][4] - JD.com is expanding its offline presence by collaborating with over ten cities and integrating its community dining service, Seven Fresh Kitchen [2][4] Group 2: Supply Chain Strategy - JD.com emphasizes its supply chain advantages, utilizing direct sourcing and self-owned brands to reduce costs and enhance product quality [5] - The acquisition of Hong Kong's Jia Bao Food Supermarket is a strategic move to strengthen its fresh supply chain in the Greater Bay Area and enhance local retail market presence [5] Group 3: Taobao's Approach - Taobao's Flash Purchase reported significant growth, with 66 brands achieving over 10 million in monthly sales in July, and a 110% increase in new brand entries [6][8] - The platform's collaboration with brands like Xiaomi and Miniso has led to a fourfold increase in daily orders since May, showcasing the effectiveness of near-field delivery [8] Group 4: Meituan and Douyin Strategies - Meituan's self-operated instant retail brand, Xiao Xiang Supermarket, has expanded its product range to over 10,000 SKUs, with a projected GMV of nearly 30 billion in 2024 [9] - Douyin is integrating "live streaming + instant delivery" to enhance its e-commerce capabilities, leveraging its content output for immediate consumer engagement [9] Group 5: Industry Trends - The shift from "price war" to "value creation" in instant retail is highlighted, with a focus on convenience, quality, and efficiency rather than capital-driven price competition [10]

Core Viewpoint - The article discusses the comfort level and work-life balance in various internet companies in China, highlighting a ranking based on comfort, overtime situation, benefits, and work atmosphere. Group 1: Comfort Level Ranking - Tencent (Core Department) ranks as the most comfortable company with minimal overtime and comprehensive benefits, including high salaries and stock options [3]. - Baidu is noted as the second most comfortable company, emphasizing a stable work environment and good team collaboration [3]. - JD.com is ranked third, although there are concerns about increasing work intensity following salary hikes [3]. - Meituan (Non-Core Business) is also recognized for its comfort level, with a supportive work atmosphere [3]. Group 2: Second Tier Companies - NetEase is identified as the most comfortable in the second tier, with manageable overtime and a rich variety of food options in the cafeteria [3]. - Ctrip follows closely, offering a good work atmosphere and benefits like transportation subsidies [3]. - Alibaba (Non-Core Department) is noted for its decent benefits but has a more intense work environment [3]. Group 3: Third and Fourth Tier Companies - Intel and Pinduoduo (Core Department) are categorized in the third tier, with Pinduoduo noted for frequent overtime and high-pressure tasks [3]. - ByteDance is also in the extreme pressure category, indicating a highly competitive and stressful work environment [3]. - Huawei (Certain Grassroots Departments) and Xiaohongshu are highlighted in the fourth tier, with significant overtime and high work intensity [3].