企业并购常被喻为"惊险一跃"。交易尘埃落定后，真正的挑战才浮出水面： 那张关键的"资格证"，到底能不能用、怎么用、用得好吗？ 资质基础评估，如同给目标公司的核心牌照做一次深度"体检"。核心任务是摸清其"DNA"：它是什么？获取门槛多高？有效期与续期风险几何？ 无数案例证明，看似合规的资质背后，往往暗藏整合陷阱与价值鸿沟。为此，我们提出SIM模型（资质基础 Standard、资质整合 Integration、资质匹配 Match），它是一套让资质在并购中真正创造价值的系统方法论。 【免责声明】 本文由北京明德蓝鹰投资咨询有限公司撰写，仅为行业研究与商业案例以及探讨市值管理问题之目的而分享，不构成任何投资建议。我们所采用的信息均来 自公开披露资料，但我们无法保证其完整性与准确性。文中所有对公司的提及均旨在进行技术、模式或竞争格局分析，绝非股票推荐。请您知悉，所有投资 决策均伴随风险。我们强烈建议您基于个人独立判断并寻求专业顾问的意见。请务必谨慎决策，风险自担。 不止于"有"：为何传统评估失灵？ 传统并购评估，常将资质视为静态的"资产清单"条目。只看"有没有"，却忽略了三个致命问题：它本身健康吗？（基础）、能顺利变 ...

刘强东给乡亲送年货的车队排起了长龙 腊月里的光明村，年味正浓。当13辆长达9米6的京东物流车队排起长龙，浩浩荡荡驶入江苏宿迁光明村时，这个因京东集团创始人刘强东而闻名的小村 庄，再次成为全国网友"羡慕嫉妒"的对象。 每经编辑｜蒙锦涛 1月29日清晨，江苏宿迁光明村党群服务中心广场早被挤得水泄不通。 村民们大多骑着小三轮车、不到八点就开始排队，个个笑得合不拢嘴。广场中央的年货堆成了小山，直播镜头刚扫过，弹幕瞬间炸锅："这年味儿，隔着 屏幕都香！" 从"方言手机"到"护眼台灯" 刘强东年货清单成网友"种草"现场 今年，刘强东年货清单再次升级，不仅有米面油等实用好物，还有能识别方言的AI手机、能语音控制的电热毯，甚至专门为孩子们准备了护眼台灯。 CHIH Figh XHE 4 k 大爷大娘 叔叔婶婶 兄弟姐妹 小朋友们,过年好! 今年又给乡亲们准备了一些暖心的年货 给村里的大爷大娘们 准备了 能识别方言的OPPO大屏AI手机 视频一开,乡音就在耳边; 再配上 "福临门米面油"。 祝您福寿安康,天天都有好心情! 作为从宿迁光明村走出去的企业家，早在2015年春节，刘强东就曾回到老家，为全村650余名60岁以上的老人每 ...

1月30日，京东汽车、京东全球购、京东拍卖将共同打造一场"百万年礼"荷兰式拍卖活动。活动中，京 东汽车联合京东全球购，不仅汇集了宝马摩托车、"国民好车"，更有德国马牌、美孚、胜牌等国际大牌 为车主带来专享权益；爱玛、绿源等符合新国标的热门电动车型也将同步登场。同时，爱马仕Birkin、 万国机械手表马年生肖款、EGG3系列阿斯顿马丁联名高景观婴儿车、iPhone 17、进口整条蓝鳍金枪鱼 等"百万级"好礼也将轮番亮相，并通过降价竞拍的玩法，为消费者带来一场惊喜满满的"捡漏"体验，拍 品最低1元即可到手。拍卖将按小时分场进行，全天持续放送心跳惊喜。用户只需在京东搜索"京东拍 卖"，即可预约参拍。 尤为值得关注的是22点终极竞拍组合专场，京东汽车提供"国民好车"埃安UT super 纯电汽车以及马顺顺 专属彩绘车衣、马顺顺车品大礼包，满足用户对智能出行的需求，也送上"新年万事顺"的美好祝愿；京 东全球购搭配12瓶奔富高端红酒组成的神秘大礼包，以世界级佳酿丰富生活场景。这一组合既涵盖日常 用车的实际所需，也注入全球好物所承载的生活品味，堪称本次拍卖最具吸引力的"宝藏组合"。 京东汽车与京东全球购本次共同推出拍卖专场 ...

Group 1 - JD Group's founder Liu Qiangdong delivered over 10,000 New Year goods to villagers in Jiangsu, including essential items and practical appliances, highlighting the company's commitment to community support [1] - The "Tech New Year Goods" included an AI smartphone for seniors, equipped with a dialect-recognizing AI application called "Dongdong," aimed at making technology accessible for the elderly [1][3] - The AI classroom created for children features various smart devices powered by JD's JoyAI model, providing an interactive learning experience with AI toys that can engage in conversations and offer knowledge [7][8] Group 2 - The "Dongdong" AI assistant, designed for elderly users, can understand multiple dialects and assist with daily tasks such as health advice, shopping, and news interpretation, enhancing the quality of life for seniors [3][5] - The AI classroom for children includes interactive devices like the JoyInside chess robot, which not only plays chess but also engages in meaningful dialogue, enriching children's learning experiences [7] - JD's innovative AI toy social features allow children to connect with each other safely, creating a controlled social environment that fosters interaction among different AI devices [8]

1月29日，京东"我给家乡送年货"活动首站落地光明村，除了热闹的新春大集和精彩的"村晚"，京东集 团创始人、董事局主席刘强东为家乡父老送来的首批年货正式发放。 在光明村村委会空地上，一箱箱堆起来的年货像小山一样高，村民早早排队等候领取年货。在众多年货 中最受村民欢迎的是一份"福临门米面油组合"，被大家评为"最实在年货"。 为了这份深厚朴实的家乡情，京东采销深入全国优质核心产区，从源头把关，精心挑选了这份品质在线 的"福临门米面油组合"年货。其中，福临门长粒香米产自东北寒地黑土，一年一季慢生慢长，米粒晶莹 修长，蒸煮后弹韧清香。 此外，福临门和京觅联名款小麦粉，精选新疆优质小麦，粉质细腻，麦香浓郁，是除夕饺子的首选食 材；福临门压榨玉米油，采用物理压榨工艺，更好地保留玉米天然营养与清香，少油烟、更健康，为每 一道年菜注入清爽滋味。 目前，京东"我为家乡送年货"活动正在进行中，打开京东APP搜索"我给老家送年货"即可进入会场，选 购"光明村同款"实在年货，为亲朋好友送上最实在的心意。 京东"我为家乡送年货"活动每一年送给光明村的年货都是刘强东亲自挑选。他深知家乡人过年最需要什 么，一袋米、一袋油、一桶油，看似寻常 ...

1月30日，京东汽车、京东全球购、京东拍卖将共同打造一场"百万年礼"荷兰式拍卖活动。活动中，京 东汽车联合京东全球购，不仅汇集了宝马摩托车、"国民好车"，更有德国马牌、美孚、胜牌等国际大牌 为车主带来专享权益；爱玛、绿源等符合新国标的热门电动车型也将同步登场。同时，爱马仕Birkin、 万国机械手表马年生肖款、EGG3系列阿斯顿马丁联名高景观婴儿车、iPhone 17、进口整条蓝鳍金枪鱼 等"百万级"好礼也将轮番亮相，并通过降价竞拍的玩法，为消费者带来一场惊喜满满的"捡漏"体验，拍 品最低1元即可到手。拍卖将按小时分场进行，全天持续放送心跳惊喜。用户只需在京东APP搜索"京东 拍卖"，即可预约参拍。 与传统拍卖不同，荷兰式拍卖以"由高至低"的降价节奏进行，拍品初始价格设定后，将随预设节奏逐步 下调，在整个过程中，竞拍者可在任一降价节点随时出价。一旦有人出价，拍品即刻成交。值得一提的 是，本次拍卖所有拍品均有机会降至1元。拍卖活动将按小时分场进行，从1月30日下午16点开始，带来 不间断的"整点抢拍"体验。 下午16点首场开启，京东汽车带来富含马年吉祥寓意的"马顺顺超级大礼盒"，内含京东汽车马顺顺定制 彩绘车衣 ...

几天前，他刚刚在返乡途中，体验了一次车票免单的优惠。他通过 12306 选择京东支付购票后，返乡路上意外发现 高铁车票被京东免单。"像中彩票一样，省下的钱又能给孩子买两个玩具，回家赶上光明村发年货，正好带着老婆孩 子逛逛。" 王先生说。 来自隔壁村的宿迁"锦鲤"王先生，也带着家人来光明村逛大集。 1月29日，江苏宿迁来龙镇光明村年味十足。京东在当地为乡亲们准备了超万件年货，并落地举办新春大集、搭建AI 教室、打造"村晚"等新春活动，村民在现场排起长队领取年货、逛集采购，感受浓浓年味。 据介绍，用户在 12306 购票时，选择京东支付或白条付款，可参与随机立减等优惠活动；在符合活动规则的情况 下，还有机会抽中车票免单等福利，实现购票立减与免单福利叠加，进一步降低民众春运出行成本。 即日起，在 12306 购票时，选择京东支付、白条，每日可享双重惊喜。首先是立减优惠，用京东支付、白条购买车 票，随机享优惠，单笔最高可省 298 元；支付完订单后，来京东搜 "支付免单"，选择付款的车票订单，即有机会享 免单，参与"十万份车票免单天天抽"。 王先生在光明村逛年货大集期间，种草了多款心仪年货，计划通过京东参与上述活动。 ...

Group 1 - JD Group's founder Liu Qiangdong delivered over 10,000 New Year goods to villagers in Jiangsu, including essential items and practical appliances [1] - The "technology New Year goods" included an AI smartphone for the elderly, equipped with a dialect-recognizing AI application called "Dongdong" [1][3] - An AI classroom was established for children in the village, featuring AI toys and devices powered by JD's JoyAI model to enhance learning experiences [6] Group 2 - "Dongdong" serves as an AI assistant tailored for elderly users, capable of engaging in conversations and providing health advice [3][4] - The AI assistant can perform various tasks such as online shopping, food ordering, and health consultations through voice commands [4] - JD's innovative AI toys allow children to connect and interact with different devices, creating a safe social environment for them [8]

Group 1 - The core event is the launch of JD.com's "Sending New Year Goods to Hometown" campaign in Guangming Village, Suqian, Jiangsu Province, featuring a striking "phone wall" made of large-screen AI smartphones [1][7] - The campaign aims to provide practical gifts for elderly users, with the phone wall consisting of OPPO A6I and WIKO X70 models, designed to address the specific needs of older adults [5] - The smartphones include features such as dialect recognition, AI anti-fraud, and remote assistance, making them suitable gifts for seniors, enhancing communication and safety [5] Group 2 - The JD.com New Year Festival is currently ongoing, offering significant discounts on a wide range of products, with official price reductions starting at 50% and additional subsidies up to 3000 yuan [7] - The campaign includes participation from various celebrities and influencers who will engage with consumers in major cities like Shanghai, Beijing, and Chengdu, delivering New Year blessings [7]

Group 1 - Liu Qiangdong, the founder and chairman of JD Group, prepared over 10,000 New Year gifts for villagers in his hometown, Guangming Village, Suqian, Jiangsu [5] - The gifts include practical digital appliances such as AI smartphones that can recognize dialects, microwaves, as well as essential goods like rice, flour, and oil, along with health devices like blood glucose meters and fascia guns [5] - JD Group plans to host a "Village Evening" event, build an AI classroom, and organize a New Year market to enrich the Spring Festival activities for the villagers [5] Group 2 - The event attracted a large turnout, with villagers queuing to receive the gifts, indicating strong community engagement and support for the initiative [3] - The gifts are set to benefit all 1,500 households in Guangming Village, ensuring that every family receives the New Year supplies [5]