作者 曾刚 近年来，跨境电商作为全球贸易的重要组成部分，展现出强劲的发展势头，极大地推动了国际贸易的数 字化转型。然而，随着国际贸易环境的变化，跨境电商的发展也面临着诸多挑战。经贸摩擦加剧、地缘 政治紧张局势升级、全球经济复苏乏力等因素，使得跨境电商企业在物流、供应链、市场准入等方面遭 遇更多不确定性。在复杂多变的经贸背景下，跨境支付机构作为跨境电商的重要支撑环节，扮演着愈发 重要的角色。它们不仅为企业提供了高效、安全的支付解决方案，还帮助企业应对资金结算、税务合 规、汇率管理等多重挑战，为跨境电商的发展注入了新的动力。 跨境支付在跨境电商中的关键作用 跨境支付是跨境电商交易链条中的核心环节之一，其主要功能包括货币兑换、资金结算、支付安全保障 等。作为连接全球消费者与商家的重要桥梁，跨境支付的效率、成本和安全性直接影响跨境电商的交易 体验和运营效率，在提升交易效率、降低交易成本、保障交易安全以及优化用户体验等方面发挥着不可 替代的作用。 一是提升交易效率。传统跨境支付方式如银行电汇，通常需要较长的处理时间，可能导致交易周期延 长，影响跨境电商的运营效率。跨境支付机构通过技术手段和全球化的支付网络，能够快速完成 ...

Group 1 - The big data ETF (159739) has risen by 2.58%, with notable increases in component stocks such as Wanjing Technology (300624) up 8.38%, Shiji Information (002153) up 6.08%, and Tuowei Information (002261) up 5.66% [1] - The National Bureau of Statistics Director Liu Liehong emphasized the continuous advancement of computing power infrastructure and the promotion of a nationwide integrated computing network during the 8th Digital China Construction Summit [1] - Dongwu Securities pointed out that China is gradually achieving cost reduction in computing power and model equality, with data expected to be a key driver for the AI industry in China [1] Group 2 - The CSI Cloud Computing and Big Data Theme Index (930851) has its top ten weighted stocks including iFlytek (002230), Kingsoft Office (688111), and Unisplendour (000938), with these stocks collectively accounting for 47.55% of the index [2] - The big data ETF (159739) closely tracks the CSI Cloud Computing and Big Data Theme Index, which selects 50 listed companies involved in cloud computing services, big data services, and related hardware [1]

Group 1 - The eighth Digital China Construction Summit was held in Fuzhou from April 28 to May 4, focusing on "Digital China: New Chapters in High-Quality Development Led by Intelligence" [1] - Inspur Software Group showcased intelligent solutions in firefighting, finance, and industrial manufacturing at the summit [3] - The company presented a smart firefighting safety service cloud platform and individual firefighting equipment, demonstrating a full-process operation from "fire reconnaissance - intelligent warning - emergency command" [3] Group 2 - Inspur's "Integrated Fire Prevention and Extinguishing" solution addresses traditional firefighting challenges such as monitoring blind spots, low prediction accuracy, slow response times, and insufficient management efficiency [3] - The solution integrates IoT, big data, and artificial intelligence to create a smart firefighting system that enables comprehensive monitoring and risk prediction of fire hazards [3] - The company plans to deepen its "integrator + product manufacturer" development strategy, focusing on the integration of technology research and application scenarios to enhance product innovation and service levels [3]

Core Insights - Hunan Jiadeyi Information Technology Co., Ltd. has been established with a registered capital of 2 million RMB, fully owned by Jiadeyi Technology Group Co., Ltd. [1] Company Overview - The legal representative of Hunan Jiadeyi Information Technology Co., Ltd. is Zeng Xudong [1] - The company is classified under the information transmission, software, and information technology services industry, specifically in software development [1] - The registered address is located at 24th Floor, T3 Office Building, Xishunyu Business Center, Yulan Road, Wangchengpo Street, Changsha City, Hunan Province [1] Shareholding Structure - Jiadeyi Technology Group Co., Ltd. holds 100% of the shares in Hunan Jiadeyi Information Technology Co., Ltd. [1] Business Scope - The business scope includes a wide range of services such as: - Intelligent control system integration - Internet of Things (IoT) application services - Software sales and development - Artificial intelligence hardware sales - Enterprise management consulting - Data processing and storage support services - Information security equipment sales - Technical services, development, and consulting [1]

Core Insights - The smart warehousing logistics system utilizes advanced technologies to optimize and automate various aspects of warehouse operations, driven by the rapid development of IoT, big data, cloud computing, AI, and digital twin technologies [1][7] - The market size of China's smart warehousing logistics system was 31.92 billion yuan in 2018 and is expected to reach 135 billion yuan by 2025, indicating significant growth potential [1][7] - The modern logistics system, emphasizing intelligence and automation, has become the development direction of the logistics industry, with increasing demand from various sectors for advanced logistics technologies and equipment [1][7][25] Industry Definition and Characteristics - Smart warehousing logistics systems, also known as automated warehouses, integrate hardware, software, and data analysis to enhance the efficiency, accuracy, and agility of inventory management, order processing, and logistics workflows [2][4] Current Development Status - The primary technologies used in smart warehousing logistics systems include RFID and wireless sensing technology, enabling automatic identification and data collection of items, thus facilitating automated inventory management functions [4][5] Industry Chain - The industry chain consists of upstream components such as RGVs, large storage racks, conveyor systems, stackers, lifters, sorting machines, and forklifts, with the midstream focusing on smart warehousing logistics systems and downstream applications in sectors like tobacco, pharmaceuticals, e-commerce, and cold chain logistics [9][11][13] Competitive Landscape - The smart warehousing logistics system market in China is currently characterized by low concentration, with major players including Nanjing Yinfly Storage Equipment Group, Demar Technology Group, Beizhi Technology, and others [18][21] - Companies like Yinfly Storage and Demar Technology are leading in providing advanced smart warehousing solutions, with significant revenues from their respective logistics automation systems [21][23] Future Trends - The industry is expected to see continuous improvement in intelligence levels and expansion of application services, with a growing concentration of leading enterprises as market demand increases [25]

Group 1 - The core viewpoint of the news is the significant progress made in the construction of a three-dimensional digital China, driven by the Ministry of Natural Resources through various stages of pilot exploration, localized application, comprehensive deployment, and accelerated empowerment [1][2] - The supply of data elements has been continuously enhanced, with 7.35 million square kilometers of digital elevation model data produced, 7.9 million square kilometers of basic geographic entity data completed, and 21 versions of orthophoto data with sub-meter/2-meter resolution covering the entire land territory of the country [1] - A total of 310 cities at the prefecture level and above have initiated three-dimensional city construction, resulting in approximately 110,000 square kilometers of urban three-dimensional model data produced [1] Group 2 - The technical standards and systems have been increasingly refined, comprising a technical standard system that includes technical outlines, 25 technical documents, and several national and industry standards, covering the entire construction process from design to quality control [2] - The application of three-dimensional digital China is expanding, with over 100 application scenarios across 22 categories, including disaster prevention, smart security, cultural heritage protection, land spatial planning, and online tourism [2] - The Ministry of Natural Resources plans to accelerate construction, focus on application, and build an ecosystem to support the development of high-quality geographic spatial data sets, aiding in natural resource management and land spatial planning [2]

Group 1 - The "2025 IT Market Annual Conference" was held in Beijing, focusing on the theme "IT Leap Forward, Smart Victory in the 14th Five-Year Plan," aiming to drive the ICT industry during this critical period [2] - Pingao Co., Ltd. was awarded the "New Generation Information Technology Innovation Product" for its unique performance in the intelligent computing field [2] Group 2 - The demand for computing power is experiencing explosive growth due to the rapid development of technologies such as artificial intelligence, big data, and industrial internet, accelerating the evolution of high-performance and secure intelligent cloud services [4] - Pingao Co., Ltd. is transitioning from traditional cloud computing and big data services to a "cloud-edge-end" collaborative computing and domestic intelligent computing software-hardware integration direction [4] Group 3 - The distributed cloud platform of Pingao adopts a fully asynchronous distributed architecture design, achieving unified management and intelligent scheduling of different computing resources [6] - The platform supports multi-dimensional computing resource scheduling, covering various general-purpose and intelligent computing chips, and integrates multiple storage and network technologies [6] Group 4 - The distributed cloud platform enables "cloud-edge-end" intelligent collaboration, with centralized cloud orchestrating edge-end resources and edge nodes capable of housing lightweight AI inference engines [7] - End devices support various domestic chips and are designed for plug-and-play functionality [7] Group 5 - The self-developed dual-engine architecture of the distributed cloud platform allows physical machines to simultaneously support virtualization and containerization, managed by a unified scheduler for global pooling of computing, storage, and network resources [8] - This architecture adapts to both stable and dynamic business needs [8] Group 6 - The BingoAIInfra intelligent computing scheduling platform offers GPU slicing capabilities and advanced cloud-native scheduling, ensuring efficient support for AI computing tasks under varying loads [9] - It also supports enterprise-level multi-tenant management, ensuring resource security and reducing operational costs while enhancing overall computing efficiency [9] - Looking ahead, Pingao Co., Ltd. aims to focus on the "special industry artificial intelligence + domestic computing power ecosystem" strategy, promoting the development and integration of key areas such as cloud computing, big data, and hardware-software integration [9]

Core Viewpoint - The People's Bank of China Shenzhen Branch and other nine departments have issued the "Implementation Opinions" to support the digital financial transformation in Shenzhen, aiming to create a model for "Digital China" through 18 specific measures [1][2]. Group 1: Digital Financial Transformation - The "Implementation Opinions" emphasize the systematic promotion of digital transformation in financial institutions, enhancing the innovation capability of digital technology applications [1]. - Shenzhen aims to build a digital transformation ecosystem based on "institutional guidance + scenario innovation + technology output" [1]. - Financial institutions are required to establish a coordinated mechanism led by top management to enhance resource allocation and task supervision [1]. Group 2: Innovative Financial Products - Financial institutions are encouraged to utilize AI, big data, and cloud computing to create innovative products such as "Tengfei Loan," "Carbon Reduction Loan," and "Technology Startup Pass" [2]. - The exploration of data asset credit enhancement, data intellectual property pledge financing, and data security insurance is promoted [2]. - Development of standardized and traceable green bonds and green insurance products is encouraged, along with innovative business models like "decentralized chain loans" [2]. Group 3: Digital Currency and Cross-Border Payment - The "Implementation Opinions" outline the promotion of digital RMB applications in public services, prepaid consumption, and supply chain finance [2]. - Participation in multilateral central bank digital currency bridge projects and the development of smart contracts and digital RMB hardware wallets are highlighted [2]. - The initiative aims to establish a full-domain payment demonstration area by facilitating the interconnection of Hong Kong's rapid payment system with online payment clearing systems in Shenzhen [2].

Core Viewpoint - The Chinese government is initiating a campaign to eliminate market access barriers to promote the construction of a unified national market, addressing issues such as local government regulations that hinder resource flow and market functionality [1][2]. Group 1: Market Access Barriers - The campaign focuses on removing regulations and practices established by local governments that violate market access requirements, including discriminatory conditions against non-local enterprises and unnecessary approval processes [1][2]. - Local governments have historically created hidden barriers to protect local businesses and boost tax revenues, which contradicts the goal of a unified national market [2]. Group 2: Challenges in Implementation - The campaign may face resistance from local governments that are reluctant to abandon market access barriers due to local interests [3]. - The process of revising or abolishing regulations can be complicated, involving multiple departments and potential bureaucratic delays [3]. - Identifying hidden barriers, such as those disguised as technical standards or environmental requirements, poses significant challenges [3]. Group 3: Strategies for Overcoming Challenges - Strengthening top-level design and incorporating the cleanup efforts into local government performance assessments are essential for effective implementation [3]. - Establishing a cross-departmental coordination mechanism will clarify responsibilities and enhance communication [3]. - Utilizing modern technologies like big data and artificial intelligence can help analyze market access data and uncover hidden barriers [3]. - Optimizing mechanisms for businesses to participate in the cleanup process, including anonymous reporting channels, is crucial for gathering actionable insights [3].

Core Viewpoint - JFIN (嘉银科技) has shown a modest increase in stock price and reported mixed financial results, indicating both growth in revenue and a decline in net profit, while continuing to focus on technological innovation and expansion into global markets [1][2]. Financial Performance - As of December 31, 2024, JFIN reported total revenue of 5.801 billion RMB, representing a year-on-year growth of 6.11% [1]. - The company's net profit attributable to shareholders was 1.056 billion RMB, reflecting a year-on-year decrease of 18.58% [1]. Company Overview - JFIN is a leading technology service group in China, founded by Mr. Yan Dinggui on June 18, 2011, and headquartered in Shanghai [1]. - The company was successfully listed on NASDAQ on May 10, 2019, under the stock code JFIN [1]. Technological Innovations - JFIN has developed several innovative platforms, including: - "Tianyin" intelligent fund management platform for efficient asset matching [2]. - "Mingjian" intelligent risk control engine for optimizing risk management [2]. - "Dayu" data asset management platform for enhancing data governance [2]. - "Chang'e" intelligent voice call platform for compliant post-loan services [2]. - These innovations have led to digitalization of processes, automation of supervision, and scientific decision-making, strengthening the foundation of the digital economy [2]. Global Expansion - JFIN's business has expanded to regions including Southeast Asia, Africa, and Latin America, with plans for further promotion in more countries and regions [1].