Core Insights - JD.com has launched the first dedicated paid membership system for corporate procurement, named JD PLUS Enterprise Membership, aimed at enhancing supply chain capabilities and providing various exclusive benefits to enterprise customers [1][2][3] Group 1: Membership Features - The JD PLUS Enterprise Membership offers eight exclusive benefits, including discounts of up to 95%, free shipping on self-operated products, and a 180-day exchange policy [1][2] - The membership is priced at 99 yuan per year for the classic card and 299 yuan for the premium card, with plans to introduce advanced versions based on customer needs [1] Group 2: Cost Reduction and Efficiency - The membership addresses long-standing issues in corporate procurement, such as high costs for scattered purchases and heavy freight charges, by providing a comprehensive cost-reduction solution [1][2] - A manufacturing company reported a nearly 10% reduction in overall procurement costs after using the JD PLUS Enterprise Membership, along with significant reductions in manpower investment [2] Group 3: Financial Flexibility - The membership includes a "buy now, pay later" service, offering up to 61 days of payment terms and a dynamic credit limit of up to 2 million yuan, effectively providing interest-free loans to alleviate cash flow pressures for enterprises [2] Group 4: Quality Assurance and Customer Support - JD PLUS Enterprise Membership ensures high-quality products and after-sales support across eight major scenarios, with a focus on office supplies, production assistance, and construction [3] - The service integrates resources from well-known brands like Logitech, Haier, and Procter & Gamble, allowing members to access diverse value-added services [3] Group 5: Market Reach and Future Plans - JD.com has served over 8 million active enterprise customers, including more than 30,000 large enterprises and over 90% of Fortune 500 companies operating in China [3] - The company plans to continue enhancing its smart supply chain advantages and the JD PLUS Enterprise Membership service system to create more value for enterprise procurement [3]

Core Insights - The article discusses the transformation of the food delivery industry as it moves away from subsidy wars and "zero-yuan purchases," with JD.com launching "Seven Fresh Kitchen" and Meituan promoting "Raccoon Canteen" as new business models [1][22] - Both companies aim to reshape the food delivery landscape by focusing on supply-side innovations rather than price competition, with JD.com planning to establish 10,000 Seven Fresh Kitchens and Meituan targeting 1,200 Raccoon Canteens over the next three years [1][22] Group 1: Business Models - Seven Fresh Kitchen operates as a self-service kitchen model, emphasizing fresh cooking and affordable prices, with an average order exceeding 1,000 per day in its first week of operation [5][12] - Raccoon Canteen functions as a food delivery hub, renting out kitchen space to various food brands, allowing customers to order from multiple vendors in one transaction [6][12] - Both models aim to enhance food safety and quality, with Seven Fresh Kitchen focusing on supply chain management and Raccoon Canteen emphasizing infrastructure support for food vendors [13][24] Group 2: Market Dynamics - The food delivery market has seen intense competition, with major players like JD.com, Meituan, and Alibaba engaging in aggressive subsidy strategies, leading to unsustainable practices and significant financial losses [18][20] - The article highlights the negative impact of these subsidy wars on smaller restaurants, which struggle to compete with larger brands benefiting from the platforms' algorithms [19][29] - Regulatory scrutiny has increased, prompting platforms to shift from price wars to value-driven competition, which is reflected in the emergence of Seven Fresh Kitchen and Raccoon Canteen [21][22] Group 3: Industry Perspectives - Some restaurant owners view the new models positively, believing they will improve food safety perceptions and attract more customers to the food delivery sector [25][26] - Conversely, others express concerns that these new models may crowd out smaller businesses, although the platforms assert they will not harm existing partners [28][29] - The overarching goal of both Seven Fresh Kitchen and Raccoon Canteen is to combat "ghost kitchens" and enhance the overall safety and quality of food delivery services [29]

Group 1 - The Nasdaq China Golden Dragon Index outperformed the three major US stock indices [1] - As of August 7, the Nasdaq China Golden Dragon Index rose by 0.95%, with notable gains from companies such as Hesai (+5.74%), ZTO Express (+3.91%), and Li Auto (+1.8%) [2] - The Magnificent 7 index of major US tech stocks increased by 0.56%, reaching a record closing high of 186.41 points [2] Group 2 - The US job market continues to weaken, with initial jobless claims rising to 226,000, exceeding expectations [6] - The US Labor Department reported a significant increase in continuing claims for unemployment benefits, reaching 1.97 million, the highest level since November 2021 [7] - The July employment report showed only 73,000 new jobs added, with downward revisions of 258,000 jobs for May and June combined [7] Group 3 - SoftBank's "Stargate" project is experiencing delays, with the company collaborating with Oracle and others to establish a data center [5] - The "Stargate" project, initially announced with a $500 billion investment for AI infrastructure, is facing skepticism regarding its funding capabilities [5]

智通财经APP获悉，周四美股三大指数涨跌不一，恒生指数ADR下跌，按比例计算，收报24979.45点，较香港收市跌102.18点或0.41%。 大型蓝筹股多数下跌，汇丰控股收报98.823港元，较香港收市跌0.03%；腾讯控股收报564.761港元，较香港收市跌0.39%。 | 序号 | 名称 | 港股代码 | 嚴新价 | 涨跌额 | 涨跌幅 | ADR代码 | ADR换算价(HKD) | 较 较港股升跌 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | @ 00700 | 567.000 | -1.500 | -0.26% | TCEHY | 564.761 | -2.239 | | 2 | 阿里巴巴-W | 09988 | 119.200 | +2.500 | 2.14% | BABA | 118.682 | -0.518 | | 3 | 建设银行 | 00939 | 8.030 | +0.100 | 1.26% | CICHY | 7.983 | -0.047 | | 4 | 汇丰控股 | 00005 | 98. ...

Group 1 - The Nasdaq China Golden Dragon Index rose by 0.95% on August 8, indicating a positive trend in the market for Chinese stocks listed in the U.S. [1] - Most popular Chinese concept stocks experienced gains, with Miniso rising over 3%, and both Xpeng Motors and Li Auto increasing by more than 1% [1] - Bilibili saw a decline, dropping over 1%, contrasting with the overall positive performance of other stocks [1]

以中国海外互联网ETF-KraneShares为例，截至8月5日，该ETF资产管理规模为76.67亿美元，相较于去年年底的54.14亿美元增长超过40%。 近日，韩国知名投资管理公司KIM推出一只专注于中国AI领域的ETF，跟踪50家中国领先AI企业，该ETF已于7月底上市。站在当前时点，多家海外机构 看好中国AI赛道发展前景，其中摩根士丹利预测中国将在2030年成为全球AI领导者。 韩国投资公司推出中国AI ETF 韩国投资管理公司（KIM）近日推出了"KIM ACE中国AI大数据科技TOP2+主动型ETF"（英文全称：KIM ACE China AI Big Tech TOP2+ Active ETF）。该 ETF追踪由德国Solactive公司编制的"中国AI大数据科技TOP2+指数"，旨在捕捉中国人工智能、数字平台及智能工业技术领域的投资机遇。 资料显示，KIM成立于1974年，截至2025年6月底，公司资产管理规模达403亿美元（约合2900亿元人民币）。Solactive是2007年成立的德国专业指数提供 商，业务覆盖全球市场。 据了解，该指数聚焦认知科技与数字平台，以及智能系统与工业技术两大领域 ...

Core Viewpoint - The retail transformation led by major players is at a crossroads, with companies like Hema adjusting their strategies, including the closure of Hema X membership stores and plans to open 100 new Hema Fresh stores this year [1] Group 1: Retail Strategy Adjustments - Hema's strategic moves reflect broader trends in the retail industry, where traditional supermarkets like Yonghui and Zhongbai are learning from successful models like Pang Donglai, while e-commerce giants like JD, Meituan, and Taobao are fiercely competing in the instant retail market [1] - The competitive landscape is characterized by a variety of approaches, with companies not able to replicate the unified pace of the past "new retail" model, indicating a shift towards diversified strategies [1][2] Group 2: Consumer and Supply Chain Impact - The essence of the retail industry remains unchanged, focusing on the inherent demand for value for money, which translates into the external presentation of the "people, goods, and venue" combination [2] - Different configurations of "people, goods, and venue" lead to varying operational outcomes, with mismatches often resulting in poor performance [2] Group 3: Competitive Dynamics - The competition between Sam's Club and Hema X membership stores highlights the complexities of retail dynamics, where the urgency to adapt can lead to inefficiencies and losses [3] - The retail sector is characterized by a large market demand and innovative potential, providing companies with opportunities for maneuvering despite the challenges [3]

山东一家生产起重设备的工厂采购主管李芳至今记得那个让她失眠的夜晚。当时车间检测仪器突发故障，急需更 换一台备用电机，她为此熬了两天，终于从一家供应商找到匹配型号。 "虽然报价比预算高出20%，但没办法，急单而且采购量小，人家不愿意降价。"李芳无奈道。更糟糕的是，这台 重约50公斤的电机从外地调货，供应商不包运费，这意味着运费就占到了设备总价的40%。 这一次，京东拿出了更强的"破局锤"，正式上线京东PLUS企业会员，直击企业采购全流程痛点，让采购需求多、 频次高、粘性强的企业直接受益，推动采购行业从"单向供给"向"全生命周期"服务升级。企业通过京东APP或PC 端搜索"京东PLUS企业会员"入口，即可一键开通该服务。 这只是李芳遇到采购痛点的冰山一角。还有车间每月采购的劳保手套，因为单次量少，拿不到批发价，单价比批 发价高18%；跨省厂区的员工福利米面粮油，光运费就吃掉了采购预算的35%…… 京东集团创始人、董事局主席刘强东曾强调："京东做所有业务都是为了供应链。" 京东PLUS企业会员的上线，正是京东将十多年沉淀的数智供应链能力产品化。同时在数智化采购的政策东风下， 为企业构建一张"阳光、高效、低成本"的采 ...

Core Viewpoint - JD.com aims to address the pain points in B2B procurement by leveraging its supply chain capabilities, introducing the JD PLUS enterprise membership to enhance procurement efficiency and reduce costs for businesses [5][12][25] Group 1: Pain Points in Procurement - Companies face significant challenges in procurement, including weak bargaining power, high shipping costs, cash flow pressure, and fluctuating supply quality [3] - JD.com identified these issues over a decade ago and has developed solutions such as the enterprise purchase channel and the SaaS platform for digital procurement [3][4] Group 2: JD PLUS Enterprise Membership - The JD PLUS enterprise membership directly addresses procurement pain points by offering benefits like a 5% discount on top of existing prices and free shipping, significantly reducing overall procurement costs [9][10] - The membership also introduces a "buy now, pay later" service, alleviating cash flow pressures for companies by extending payment terms [10] Group 3: Transformation of Procurement Process - JD.com has transformed the procurement process from a cost center to a value center, enabling businesses to achieve higher efficiency and better management of procurement activities [24] - The company provides a comprehensive service that covers pre-sale, sale, and post-sale processes, ensuring transparency and efficiency throughout the procurement lifecycle [19][21][24] Group 4: Ecosystem Development - The introduction of the JD PLUS enterprise membership is part of a broader strategy to build an ecosystem that fosters collaboration and resource sharing among high-value enterprises [12][15] - JD.com aims to continuously refine its service offerings based on customer feedback, enhancing the overall procurement experience [16]

"在京东外卖上看直播，点一杯可以DIY的咖啡熊拿铁，再把乐寿御坊的北京烤鸭与老厨家的锅包肉一 起下单，不到30分钟，骑手就一起给送到家了。"6月18日，京东外卖重磅打造的创新业态——七鲜美食 MALL正式开业，2300平方米的空间创造日均2万多线下客流，相当于部分10万平方米级别的综合购物 中心的客流水平。 这座汇聚中华老字号、本地非遗与网红小吃等30个餐饮品牌的美食综合体，正以持续增长的强劲势头， 为餐饮行业打造创新范本。诚如京东集团创始人、董事局主席刘强东在分享京东做外卖的逻辑时所 说："京东做所有业务只围绕供应链。"七鲜美食MALL作为京东在品质餐饮市场的重要创新，正通过对 供应链的创新与向外赋能，切实帮助餐饮商家降本增效，找到增长点和创新动力。 堂食+外卖一周卖出1800只烤鸭 如果踏入位于哈尔滨的七鲜美食MALL，当地消费者很难不被炫彩轻快的装潢、鳞次栉比的档口、各地 特色的美食所震撼，强有力的视觉冲击只是网红新地标的表象，而更深层的野心则是京东外卖搭建的独 一无二的"品质堂食+品质外卖"全域餐饮标准体系。 在确保餐饮品质上，七鲜美食MALL严格筛选品质堂食商家，要求必须接入后厨直播，只有满足各项指 ...