Core Insights - JD.com is investing 22 billion yuan over the next five years to provide 150,000 housing units for delivery personnel, enhancing living conditions for frontline employees [1][3] - The company has already provided 28,000 housing units across 145 cities, with a focus on improving employee welfare and training systems [1][3] Housing Initiatives - JD.com has established "JD Brother Homes" to offer affordable housing, with monthly rents below 50% of surrounding areas [2][3] - The company has cumulatively invested 22 billion yuan in employee housing over the past 20 years, with a significant portion allocated to a housing security fund [3][4] Employee Welfare - JD.com ensures 100% labor contract signing and full social insurance coverage for frontline employees, including various benefits such as paid leave and health check-ups [3] - The company has a dedicated employee assistance fund that has provided over 157 million yuan to help employees in emergencies over the past decade [4] Training and Development - JD.com has launched the first "Modern Rider Academy" in collaboration with Guangdong Province to enhance the skills and career development of delivery personnel [5] - The company has also initiated the "I Study at JD" program, supporting over 6,500 employees in further education since 2014 [6]

Core Viewpoint - JD.com has chosen to lease an 18-year-old A330 aircraft, indicating a significant shift in the cross-border logistics industry, challenging the expectation that e-commerce giants would opt for the latest and most expensive aircraft [1] Group 1: Aircraft Utilization - The A330, previously used for passenger transport, has been repurposed as a cargo plane, demonstrating that older aircraft can still be valuable when converted for freight use [3] - The demand for cargo capacity rather than the latest technology makes older aircraft suitable for e-commerce, particularly for transporting lightweight but voluminous goods [3] Group 2: Financial Strategy - JD.com opted for leasing instead of purchasing the aircraft, which reduces financial risk and allows for greater flexibility in operations [5] - Leasing requires lower upfront costs compared to purchasing, which can run into billions, thus preserving cash flow amid market volatility [5] Group 3: Stakeholder Benefits - The transaction benefits not only JD.com but also aircraft leasing companies and modification firms, which can acquire used aircraft at low prices and lease them at higher rates after modifications [7] - Modification companies with technical expertise are capitalizing on the demand for converted cargo planes, generating significant profits from the conversion process [8] Group 4: Operational Challenges - Simply acquiring an aircraft does not guarantee profitability; the key challenge lies in maximizing cargo capacity to avoid losses from empty flights [10] - JD.com is investing in logistics hubs to optimize cargo consolidation, ensuring that flights are fully loaded to maintain profitability [12] Group 5: Market Dynamics - The success of JD.com's strategy hinges on the ability to effectively utilize technology and data analytics to fill every flight, as inefficiencies can lead to significant financial losses [12] - The interplay between JD.com, leasing companies, and modification firms reflects a broader gamble on their respective capabilities to turn investments into profits [14][15]

每天早上当上班族迈着紧促的脚步前往单位，京东骑手小哥祝观龙也骑上他的电动车，穿梭在老城区的 大街小巷里。他平日跑得最多的广州沙湾，聚集了大量快递、外卖从业人员。专职送外卖三四年了，自 己未来还能干什么？这是经常萦绕他和其他小哥心头的问题。 早在2019年，有头部外卖平台就业报告就显示，GDP越高的省份，骑手数量相对越多，广东的骑手数量 位居全国第一。在忙碌的工作之外，骑手们对自身职业发展与能力提升有着强烈的需求。 为回应新就业形态劳动者职业发展路径模糊、技能培训不足、学历晋升困难等问题，12月11日，广东省 教育厅与京东集团签署战略合作协议，现代骑手学院在广州揭牌成立。作为全国首家"现代骑手学院"， 其在定位层级、教学模式、培训资源、覆盖面上都更上一个层次。 当天，20名年龄不同、身着京东红色工作服的骑手坐在广州职业技术大学物流学院的课堂里，试听无人 机、安全教育等课程，祝观龙也在其中。"送外卖比较枯燥重复，现在接触到无人机、电子商务等新课 程，我会更有兴趣去学习，希望不断提升专业能力和社交能力，让自己的职业发展有新的方向。"他对 南方财经记者坦言。 这也是许多骑手的心声。据了解，现代骑手学院入学不限年龄、不 ...

记者丨伍素文 编辑丨蒋韵 近年来，在政策驱动下，全国多地纷纷推出面向骑手、快递员等新就业形态劳动者的培训与教育项目，统称为"骑手学 院""小哥学院""骑士学院"。它们多由社会工作部、市场监管局等部门牵头，联合工会、开放大学、成人教育学校、高 校或企业多方开办，注重教育与服务融合。 每天早上当上班族迈着紧促的脚步前往单位，京东骑手小哥祝观龙也骑上他的电动车，穿梭在老城区的大街小巷里。 他平日跑得最多的广州沙湾，聚集了大量快递、外卖从业人员。专职送外卖三四年了，自己未来还能干什么？这是经 常萦绕他和其他小哥心头的问题。 早在2019年，有头部外卖平台就业报告就显示，GDP越高的省份，骑手数量相对越多，广东的骑手数量位居全国第 一。在忙碌的工作之外，骑手们对自身职业发展与能力提升有着强烈的需求。 为回应新就业形态劳动者职业发展路径模糊、技能培训不足、学历晋升困难等问题，12月11日，广东省教育厅与京东 集团签署战略合作协议，现代骑手学院在广州揭牌成立。作为全国首家"现代骑手学院"，其在定位层级、教学模式、 培训资源、覆盖面上都更上一个层次。 当天，20名年龄不同、身着京东红色工作服的骑手坐在广州职业技术大学物流学院 ...

Core Insights - JD.com has launched a new feature on its app for citizens' services, allowing users to handle various government and daily life services online, including social security payments and tax declarations [1][3] - The initiative aims to enhance user engagement and frequency of app usage, inspired by the high demand for food delivery services [6][9] Group 1: Service Offerings - The new citizen services feature includes functions such as public fund inquiries, medical insurance reimbursements, and childcare subsidy applications, available in cities like Guangzhou and Jiangsu [1][3] - JD.com has integrated its services with local systems, such as "Suihao Ban" in Guangzhou, to facilitate processes like immigration appointments and maternity allowance payments [3] Group 2: User Engagement Strategy - JD.com aims to leverage the high frequency of food delivery usage to increase overall user activity on its platform, with nearly 50% of new food delivery users converting to other services [3][6] - The company has reported a significant increase in daily active users, with a year-on-year growth of 18.2%, reaching 171 million [3] Group 3: Competitive Landscape - JD.com faces stiff competition from established players like WeChat and Alipay, which have extensive coverage and integration with local government services [8][9] - The challenge for JD.com lies in building user recognition and effectively integrating new services with existing offerings to drive value [9][11] Group 4: Industry Trends - The ongoing competition in the online service sector reflects a broader trend of e-commerce platforms seeking new avenues for user engagement and traffic generation [13] - Previous attempts by platforms like Alipay to diversify services have shown that high traffic does not always translate into monetization, highlighting the need for effective synergy between new and existing services [11][13]

Group 1: Company Developments - Mingming Hen Mang has received approval for its overseas listing, planning to issue up to 76.67 million shares on the Hong Kong Stock Exchange, with 25 shareholders converting approximately 198 million shares for circulation [1] - Costco reported a revenue of $67.31 billion for Q1 of fiscal year 2026, a year-on-year increase of 6.4%, exceeding market expectations [3] - Haidilao is testing its new "Dapaidang" hotpot concept in Guangzhou, with plans to expand to other cities like Qingdao and Shanghai [4] - Zhou Hei Ya has opened its first overseas store in Malaysia, marking a significant step in its global strategy [8] - Mixue Ice Cream has launched its first flagship store in Guangzhou, integrating local cultural elements [10] - Nova Coffee has surpassed 10,000 global stores, expanding rapidly in domestic and overseas markets [10] - Xicha plans to reduce its store count by 680 by 2025, shifting its strategy to exit the competitive "scale involution" in the new tea beverage market [10] - JD.com and Guangdong Province have established the first "Modern Rider Academy" to enhance the skills of delivery personnel [11] - JD.com will invest 22 billion yuan over the next five years to provide 150,000 "Rider Homes" for delivery staff [14] - JD Logistics has launched an "Extreme Cold Protection" service in Heilongjiang to ensure the quality of perishable goods [16] - Yantian Puzhi has announced its "Big Demon Strategy" focusing on health-oriented snack products [18] - Sam's Club is set to open its first store in Jinan by the end of 2026, with construction progressing [19] - Kidswant has submitted its application to the Hong Kong Stock Exchange for listing [20] Group 2: Industry Trends - The Ministry of Commerce is planning to enhance innovation and transformation in the retail sector during the 14th Five-Year Plan, focusing on improving product and service quality [7] - A report indicates that young consumers prefer personalized dining experiences, with a shift towards single-serving meals reflecting individual tastes [18]

Group 1 - JD has launched "JD Brother Home," providing affordable housing for delivery personnel, with rent at least 50% lower than market prices [1] - As of December 12, JD has offered 28,000 housing units to frontline employees and plans to invest 22 billion over the next five years to provide 150,000 units [1] - The initiative aims to improve living conditions for delivery workers, ensuring stability and comfort in their housing [1] Group 2 - Meituan announced a 10 billion investment over the next five years to establish a comprehensive support system for delivery riders [2] - The "Rider Apartment" program is being piloted in cities like Beijing, Shenzhen, and Chongqing, with the first batch of housing expected to meet the needs of over 600 riders [2] - Meituan will cover utilities and internet costs for riders living in these apartments, with plans to expand the project to more cities nationwide next year [2]

Core Viewpoint - The article discusses the initiatives taken by companies like JD.com and Meituan to provide affordable housing for their delivery personnel, enhancing their living conditions and job satisfaction, which in turn supports the companies' operational stability and competitiveness [5][9]. Group 1: JD.com Initiatives - JD.com has provided 28,000 housing units for its frontline employees and plans to invest 22 billion over the next five years to offer 150,000 "Little Brother Homes" through various methods such as leasing and self-construction [5]. - The housing provided by JD.com is at least 50% cheaper than market rates, significantly improving the living conditions for employees like delivery worker Pei Yuntao [4][5]. Group 2: Meituan Initiatives - Meituan announced an investment of 10 billion over the next five years to create a comprehensive support system for its delivery riders, including the launch of "Rider Apartments" in cities like Beijing, Shenzhen, and Chongqing [5]. - The first batch of Meituan's "Rider Apartments" is expected to meet the needs of over 600 riders, with utilities covered by the company, making it a cost-effective option for workers [5][6]. Group 3: Industry Impact - The provision of housing by these platforms is seen as a strategic move to stabilize their core workforce, which is crucial for maintaining service quality and competitive advantage in the market [9]. - This "benefit competition" among companies is expected to drive the industry towards quality improvement and create a more sustainable ecosystem for gig economy workers [9].

每天早上当上班族迈着紧促的脚步前往单位，京东骑手小哥祝观龙也骑上他的电动车，穿梭在老城区的 大街小巷里。他平日跑得最多的广州沙湾，聚集了大量快递、外卖从业人员。专职送外卖三四年了，自 己未来还能干什么？这是经常萦绕他和其他小哥心头的问题。 早在2019年，有头部外卖平台就业报告就显示，GDP越高的省份，骑手数量相对越多，广东的骑手数量 位居全国第一。在忙碌的工作之外，骑手们对自身职业发展与能力提升有着强烈的需求。 为回应新就业形态劳动者职业发展路径模糊、技能培训不足、学历晋升困难等问题，12月11日，广东省 教育厅与京东集团签署战略合作协议，现代骑手学院在广州揭牌成立。作为全国首家"现代骑手学院"， 其在定位层级、教学模式、培训资源、覆盖面上都更上一个层次。 当天，20名年龄不同、身着京东红色工作服的骑手坐在广州职业技术大学物流学院的课堂里，试听无人 机、安全教育等课程，祝观龙也在其中。"送外卖比较枯燥重复，现在接触到无人机、电子商务等新课 程，我会更有兴趣去学习，希望不断提升专业能力和社交能力，让自己的职业发展有新的方向。"他对 南方财经记者坦言。 这也是许多骑手的心声。据了解，现代骑手学院入学不限年龄、不 ...

Core Insights - The initiatives by Meituan and JD.com to provide housing are strategic choices aimed at stabilizing core human resources and enhancing fulfillment capabilities amid intense competition [1][5] - The housing programs are seen as a response to the needs of gig economy workers, addressing their living conditions and contributing to their sense of belonging [2][3] Group 1: JD.com Initiatives - JD.com has announced the provision of 28,000 housing units for frontline employees, with plans to invest 22 billion over the next five years to offer 150,000 "JD Home" units through various methods including leasing and self-construction [2] - The housing provided by JD.com is reported to be at least 50% lower than market rates, significantly improving the living conditions for delivery personnel [2] Group 2: Meituan Initiatives - Meituan plans to invest 10 billion over the next five years to build a comprehensive rider support system, including the launch of "Rider Apartments" in cities like Beijing, Shenzhen, and Chongqing [3] - The "Rider Apartments" offer affordable living options, with a reported monthly rent of 700 yuan for a single room, which includes utilities covered by Meituan [3] Group 3: Industry Implications - The housing initiatives by both companies are viewed as a form of "welfare innovation" that enhances the stability of core operational resources, directly impacting service quality and market competitiveness [5] - This competitive "welfare race" is expected to drive the industry towards quality improvement and create a more sustainable ecosystem for gig economy workers [5]