花费近3亿元，收购一个营收和门店规模尚属"小而美"的鲜啤品牌"鲜啤福鹿家"——蜜雪集团这笔买卖，在过去一 周里引发关注和讨论。 事情缘起于10月1日的一纸公告：蜜雪集团（02097.HK）于9月30日与鲜啤福鹿家达成投资及股权转让协议，以约 2.97亿元（人民币，下同）收购鲜啤福鹿家53%的股权。 市场和消费者一面乐见"雪王"把鲜啤的价格打下来，一面又在好奇蜜雪集团此举背后是在下一盘怎样的棋。有人 认为这是为未来的蓝海赛道进行前瞻性卡位；也有人讨论收购价的合理性。 业务上拓宽边界、供应链协同降本增效，是蜜雪集团最想从这笔收购中得到的两大收益 文 | 李莹 编辑| 杨立赟 舆论喧嚣过后，蜜雪集团收购鲜啤品牌、进军啤酒领域这件事本身或许更加值得关注：于茶饮企业而言，这是一 次拓宽边界的新尝试；于啤酒行业而言，一个饮品供应链的头部玩家正在对原有模式进行调整和重塑；于蜜雪集 团而言，则需要回归商业本质分析其收购逻辑。 尽管成立时间不长，鲜啤福鹿家发展却很快。自2023年5月开放全国加盟后，该品牌便走上了快速扩张的道路。截 至8月，鲜啤福鹿家拥有约1200家门店，覆盖中国28个省、自治区和直辖市。根据尚普咨询，按截至2 ...

传统B2B平台聚焦于交易撮合，而S2B2B模式通过"平台（S）连接供应商（大B）与小微企业（小B）"，构建了"资源整合-能力赋能-利益共 享"的三维生态体系。其核心价值体现在三大机制： 1. 资源整合机制：降本增效的基石 在数字经济与实体经济深度融合的当下，传统供应链模式正面临效率低下、信息孤岛、资源错配等挑战。数商云通过S2B2B（Supply Chain to Business to Business）商城模式，以"平台赋能+生态协同"为核心，重构了供应链各环节的协作逻辑，为行业提供了可复制的数字化转型范本。 本文将结合食品饮料、生鲜、快消品等领域的实战案例，解析S2B2B模式如何通过技术驱动与生态创新，实现供应链协同效率的指数级提升。 一、S2B2B模式的核心价值：从线性交易到生态共赢 2. 能力赋能机制：从"单打独斗"到"协同进化" 3. 利益共享机制：风险共担与长期绑定 需求聚合：将小微企业零散订单聚合为批量采购，降低供应商生产成本。例如，某食品饮料集团通过平台将50家便利店的"单次5000元零 食采购"聚合为"25万元批量订单"，使供应商生产线利用率从60%提升至85%，生产成本下降12%。 货源 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000100 证券简称：TCL科技 公告编号：2025-085 TCL科技集团股份有限公司 关于参与杉杉集团有限公司重整暨投资获得 宁波杉杉股份有限公司部分股份的自愿性公告 TCL科技集团股份有限公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 ■ TCL科技聚焦半导体显示和新能源光伏主业发展，持续关注产业链关键战略环节及核心价值节点动态， 不断提升供应链的韧性和效率，维护产业生态，实现企业可持续的高质量发展。基于此，以及对标的公 司长期发展潜力的认同，公司通过TCL厦门产投，与新扬子商贸、新扬船投资、中国东方深圳分公司组 成联合投资方，投标参与杉杉股份控股股东杉杉集团及其全资子公司宁波朋泽的合并破产重整（以下简 称"本次重整"）。 联合投资方于近日收到本次重整管理人（以下简称"管理人"）通知，联合投资方被确定为重整投资人。 2025年9月29日，联合投资方与管理人、杉杉集团、宁波朋泽签署《重整投资协议》。 TCL厦门产投参与本次重整的投资额为不超过人民币5亿元。本次重整实施完成后，TCL厦门产投将获 得杉 ...

9月29日，2025合肥国际新能源汽车大会在滨湖国际会展中心开幕。大会以"徽动全球一路向前"为主题，汇聚全球行业精英与创 新成果，成为展现中国新能源汽车产业实力、推动国际合作的重要窗口。 本次大会由合肥市人民政府联合安徽省发展改革委、工信厅等多部门主办，采用"1+1+N"模式，涵盖主会场大会、全域车展及 20余场特色活动，展览总面积超20万平方米。开幕式上，院士专家、车企领袖齐聚一堂，围绕智能网联、AI芯片、供应链协同 等前沿议题展开研讨，为产业高质量发展建言献策。 转自：新华网 立足"国际一流新能源汽车之都"建设目标，大会凸显务实合作导向。产业链供需对接会现场，88家高端供应链企业与主机厂达 成合作意向，一批智能驾驶、车规级芯片项目签约落地，助力破解"整零比偏低"的发展瓶颈。同步启动的亿元消费券补贴与"商 文旅融合"活动，更实现产业发展与民生消费的双向赋能。 作为上半年新能源汽车产量居全国首位的城市，合肥正以大会为纽带加速全球布局。数据显示，今年1至7月，合肥新能源汽车 出口54.5亿元，同比增长57.6%。江汽集团建立了8家海外子公司，中高端轻卡累计17年位居行业出口第一。蔚来秉承"生而全 球"的发展理念 ...

Core Viewpoint - TCL Technology announced its participation in the bankruptcy reorganization of Shanshan Group and its subsidiary Ningbo Pengze, investing up to 500 million yuan to acquire 43.7 million shares of Shanshan, representing 1.94% of its total share capital [2][3]. Group 1: Investment Details - TCL Technology, through TCL Xiamen Investment, is collaborating with several partners to invest in Shanshan Group's restructuring [2]. - The investment will allow TCL Technology to indirectly hold 1.94% of Shanshan's shares, with voting rights delegated to an investor holding platform [2]. - The total investment from TCL Technology is capped at 500 million yuan [2]. Group 2: Business Overview - Shanshan Group specializes in lithium battery anode materials and polarizers, including the R&D, production, and sales of LCD and OLED polarizers [2]. - For the first half of 2025, Shanshan Group reported revenue of 9.858 billion yuan, an increase of 11.78% year-on-year, and a net profit attributable to shareholders of 207 million yuan, reflecting a significant growth of 1,079.59% [2]. Group 3: Strategic Implications - The investment is expected to strengthen the existing partnership between TCL Technology and Shanshan Group, enhancing supply chain stability and collaboration in upstream material R&D and production [3]. - TCL Technology anticipates that this investment will not significantly impact its financial status [3].

Core Viewpoint - TCL Technology, through its subsidiary TCL Xiamen Investment, has formed a joint investment group to participate in the bankruptcy reorganization of Shanshan Group and its wholly-owned subsidiary Ningbo Pengze, with an investment amount not exceeding 500 million RMB [1][4][8]. Group 1: Investment Details - The joint investment group includes TCL Xiamen Investment, Xinyangzi Trading, Xinyang Shipping Investment, and China Orient Shenzhen Branch [3][6]. - The investment will allow TCL Xiamen Investment to acquire 43,700,900 shares of Shanshan Co., representing 1.94% of the total share capital [4][5]. - The voting rights of these shares will be fully entrusted to the investment platform of the investors [4][6]. Group 2: Background of the Reorganization - Shanshan Group and Ningbo Pengze were placed into reorganization by the Ningbo Intermediate People's Court due to significant insolvency issues [6][7]. - The reorganization process was initiated on February 25, 2025, and a substantive merger reorganization was approved on March 20, 2025 [6][7]. Group 3: Strategic Importance - Shanshan Co. is a key supplier of polarizers, which are essential materials for TCL's semiconductor display business [8]. - The investment is expected to strengthen the existing partnership between TCL and Shanshan, enhancing supply chain stability and collaboration in material research and production [8].

Core Viewpoint - TCL Technology is participating in the bankruptcy reorganization of its major supplier, Shanshan Group, to strengthen supply chain stability and enhance collaboration in semiconductor display materials [1][2]. Group 1: Investment Details - TCL Technology, through its subsidiary TCL Xiamen Industrial Investment Partnership, is investing up to 500 million yuan in the reorganization of Shanshan Group and its subsidiary Ningbo Pengze Trading [1]. - After the reorganization, TCL Xiamen will acquire 43.7 million shares of Shanshan Co., representing 1.94% of its total share capital, at an approximate price of 11.44 yuan per share [1][2]. - The total investment by the consortium in Shanshan Co. is expected to be 2.23 billion shares, accounting for 9.93% of the total share capital, with a total payment of 2.555 billion yuan [2]. Group 2: Strategic Rationale - The investment is aimed at consolidating the existing partnership between TCL and Shanshan, which is a key supplier of polarizers for TCL's semiconductor display business [2]. - This move is expected to improve the stability of TCL's production supply chain and enhance the efficiency of collaboration in upstream material research and production [2]. Group 3: Financial Context - Shanshan Group was placed under reorganization by court order on February 25, 2023, with over 95% of its debts due within one year [2]. - As of January 15, 2025, Shanshan Group's total interest-bearing liabilities (excluding listed company Shanshan Co.) amounted to 12.621 billion yuan, with short-term debts due within one year totaling 12.037 billion yuan [2]. Group 4: Control Changes - The reorganization investors plan to acquire control of 23.36% of Shanshan Co. through a combination of direct purchases and trust arrangements, leading to a change in the company's controlling shareholder and actual controller [3].

Group 1 - Shanshan Group and a consortium of investors signed a restructuring investment agreement to advance the restructuring process of Shanshan Group and its subsidiary, Ningbo Pengze Trading Co., Ltd [2][3] - TCL Technology announced its participation in the restructuring through its subsidiary, investing up to 500 million yuan to acquire 1.94% of Shanshan shares at a price of 11.44 yuan per share [3] - Shanshan Holdings is a leading company in the global lithium battery anode material market, with significant partnerships with major panel manufacturers like BOE and TCL Huaxing [3][4] Group 2 - The restructuring is driven by the increasing demand for lithium battery materials, with the global market for anode materials expected to reach 42 billion yuan in 2024, with China accounting for 70% of global capacity [4] - The consortium aims to acquire a total of 23.36% of Shanshan's shares through various methods, including direct acquisition and trust agreements [4][5] - If the restructuring is successful, the actual controller of Shanshan will change to Ren Yuanlin, the actual controller of Xinyangzi Commerce, which is a major domestic investment platform [5] Group 3 - As of September 30, Shanshan's stock price was 15.9 yuan per share, representing a premium of approximately 39% over the restructuring pricing of 11.44 yuan per share [6]

在美国跨境电商供应链体系中，海外仓承担着 "货品集散枢纽" 的核心角色，而卡车公司则是连接这一枢纽与港口、零售商、终端消费者的 "流动脉络"。二 者的合作并非简单的 "运输委托"，而是围绕 "高效履约、成本优化、风险可控" 形成的深度协同 —— 从集装箱到仓的头程接驳，到仓内货品的区域分拨， 再到末端的 B2B/B2C 配送，每一个环节的衔接质量，都直接决定着跨境商品的流通效率与消费者体验。 跨境物流的时效损耗，往往出现在 "货品到仓" 与 "运输出库" 的衔接环节。为解决这一问题，海外仓与卡车公司会建立 "预约到港 + 优先卸货" 机制：当集 装箱从港口提柜后，卡车公司会提前 24 小时向海外仓发送到仓预约，明确货品类型、数量及卸车需求；海外仓则根据预约顺序预留装卸工位与仓储空间， 避免卡车到仓后等待拥堵。数据显示，这种协同模式可将卸车效率提升 30%，大幅缩短货品从 "到港" 到 "可出库" 的间隔时间。 一、运力适配：从 "按需匹配" 到 "定制化供给" 海外仓的货品类型与流通需求，决定了卡车公司的运力供给逻辑。对于日常 B2B 补货场景（如向线下门店、区域分销中心配送），卡车公司会根据货品批 量提供 ...

Core Viewpoint - The 2025 World New Energy Vehicle Conference focused on "Industry Transformation and Sustainable Development," aiming to guide the global automotive industry in rationally responding to changes and exploring paths for high-quality development [1][2]. Group 1: Five Key Forces for Sustainable Development - Collaborative Innovation: The automotive technology system is evolving towards the integration of mechanics, electronics, computing, and data, necessitating cross-disciplinary collaboration in areas like solid-state batteries and intelligent driving systems [1]. - Supply Chain Collaboration: There is an urgent need to build a data-driven, interconnected supply chain system to enhance the resilience of the industry against risks [1][2]. - Talent Development: The rapid growth of smart connected new energy vehicles demands a higher caliber of composite talent, requiring a dual-track training system that aligns technical research and skills operation [2]. Group 2: Standards and Global Cooperation - Standard Co-creation: Establishing standards is essential to avoid low-level competition and promote sustainable development within the industry, particularly in cutting-edge fields like solid-state batteries and automotive AI [2]. - Open Cooperation: Sustainable development is a global issue that requires open and inclusive principles, fostering international dialogue to overcome trade barriers and build a fair and transparent global automotive ecosystem [2].