雪佛龙：美国可能会与中东地区争夺NGL（液化天然气）出口市场。 ...

风暴席卷，瑞幸动荡不已。这年7月，在瑞幸咖啡前董事长陆正耀的推动下，举行特别股东大会，他和曾经的投资人刘二海、黎辉—— 昔日的"铁三角"均出局董事会，郭谨一上任董事长。 出任董事长。 黎辉罕见现身。 作者 I 周佳丽 报道 I 投资界PEdaily 投资界获悉，近日瑞幸咖啡发布公告宣布，黎辉重新加入董事会并担任董事长职务，郭谨一将继续留任公司CEO及董事。 外界可能不知道，黎辉是大钲资本董事长兼首席执行官，而大钲资本是瑞幸咖啡最大股东。"我很荣幸能够在瑞幸咖啡这个重要时刻重 新加入董事会并担任董事长一职。"黎辉表示，将致力执行当前的战略举措，并推动公司的下一阶段增长。 但VC/PE圈对黎辉并不陌生，他本科毕业于中国人民大学，拥有耶鲁大学管理学院工商管理硕士学位，其中一段重要履历是在华平投 资；直至2017年创办大钲资本，其中最为人熟知的案例便是瑞幸咖啡。 经历造假风波后，瑞幸几近跌落谷底，期间大钲资本一路增持，终于带领瑞幸绝处逢生——至今全球坐拥超24000家门店，一年总净收 入超30 0亿元，堪称创投圈一次逆风翻盘。 瑞幸背后的男人 黎辉现身，出任董事长 时间回到2020年4月2日晚间，瑞幸咖啡自曝财务造假 ...

Core Viewpoint - In 2023, Transsion Holdings achieved over 30% growth and entered the top five global smartphone manufacturers despite a general decline in shipments among domestic brands. However, the company faced challenges in maintaining this growth in 2024, with a nearly 70% decline in net profit for Q1 2024 compared to the previous year [1][6]. Group 1: Company Performance - Transsion's revenue for 2024 reached 68.7 billion yuan, a year-on-year increase of 10.3%, while net profit was 5.549 billion yuan, showing a slight increase of 0.22% [6][7]. - The company's gross margin in Africa decreased by 1.46 percentage points to 28.59%, although it remained higher than the gross margin of 17.66% in other Asian regions, which saw a decline of 2.52 percentage points [7][8]. - The smartphone segment accounted for over 90% of Transsion's total revenue, with a gross margin of 20.62%, down 2.63 percentage points from the previous year [6][7]. Group 2: Market Competition - Transsion's market share in the Middle East and Africa declined, with its share in the Middle East falling to 34% in Q4 2024, down from 36% the previous year [8]. - Competitors like Xiaomi and realme are rapidly expanding in the African market, with Xiaomi being the largest market share gainer in the Middle East and Africa in 2024, achieving a 15% increase in shipments [8][9]. - The competitive landscape is intensifying as other Chinese brands adopt localized strategies and target similar price segments, which may impact Transsion's profitability and market position [9][10].

作 者丨陶力 编 辑丨张伟贤 摄 影丨梁远浩 阿里是否愿意长期烧钱，仍是一个巨大的问号。 京东和美团在外卖市场打得火热时，饿了么有了强势的底牌。 4月3 0日， 淘宝天猫旗下即时零售业务"小时达"正式升级为"淘宝闪购" ，并在淘宝a p p首页 Ta b以"闪购"一级流量入口展示，首日上线5 0个城市，后续还会在5月6日推广至全国。除了日 常品类， 重点在于淘宝将可以提供餐饮外卖服务。 与此同时，饿了么还宣布了"百亿补贴"计划。这是2 0 1 8年收购饿了么以来，阿里提供的最核 心"武器"。以至于有饿了么内部人士直言，"对我们肯定是天大的喜讯！ 不仅是多了一个大的 流量来源，更重要的是我们有更足的底气和资本去拓展合作，面对品牌多了一张牌。" 看似突然的决定，其实并不是拍脑袋的冲动， 而是阿里对旗下即时零售业务的充分整合。动 机可以归纳为三点：强化对饿了么的流量支持、巩固即时零售的防御阵地，以及应对京东、 美团扩张带来的挑战。 外卖市场的竞争本质上是流量之争。美团凭借高频的外卖业务，构建整个本地生活服务的生 态 ， 而 饿 了 么 在 阿 里 的 体 系 内 长 期 处 于 " 陪 跑 " 状 态 。 尽 管 ...

民营经济促进法强调，保证各类经济组织公平参与市场竞争。国家发展改革委民营经济发展局副局长刘 民在新华社4月30日推出的"中国经济圆桌会"大型全媒体访谈节目中表示，国家发展改革委将持续贯彻 实施好法律规定，坚决破除民营企业依法平等使用生产要素、公平参与市场竞争的障碍。 ...

Core Insights - The competition in the food delivery sector intensified in April as JD.com entered the market with a "100 billion subsidy," leading to a marketing battle with Meituan [2] - JD.com has seen significant growth in order volume since its launch, with daily orders surpassing 10 million by April 22 [2] - The recruitment of full-time delivery riders has increased, with over 10,000 signing formal contracts that include social insurance benefits [2] Delivery Rider Experience - Delivery riders have reported a dramatic increase in order volume, with some restaurants seeing order numbers grow nearly 100 times since joining JD.com [3] - Despite the increase in orders, competition among riders has intensified, making it harder for existing riders to earn a stable income [3][4] - The delivery ecosystem is structured in a way that prioritizes new riders over experienced ones, leading to dissatisfaction among veteran riders [6] Pricing and Earnings - Delivery prices for JD.com orders have seen fluctuations, with higher prices during peak hours but a noticeable drop in prices later in the day [8] - Riders have expressed concerns about the bundling of multiple orders, which increases their workload while reducing their earnings [8] - JD.com has implemented penalties for late deliveries, impacting riders' earnings and service ratings [9][12] Recruitment and Benefits - JD.com is actively recruiting 100,000 full-time riders over the next three months, promising to cover all social insurance costs and offering a minimum salary guarantee [20] - While some riders are attracted to the benefits of social insurance, others have found the full-time model demanding and less financially rewarding compared to flexible gig work [18][19] - The perception of JD.com as a reliable employer is growing, but not all riders prioritize social insurance, especially older riders who may not see long-term benefits [18][20]

Core Insights - Starbucks reported a revenue of $739.7 million for Q2 of fiscal year 2025, marking a 5% year-over-year growth, indicating a recovery in growth [1] - The company achieved a same-store transaction growth of 4% compared to the previous quarter, reflecting positive performance across various business districts and city tiers [1][2] Group 1: Market Position and Competition - The Chinese coffee market has been dominated by foreign brands like Starbucks, particularly in first and second-tier cities, but local brands are increasingly gaining market share through product localization and flexible distribution [1] - Starbucks is actively competing in lower-tier markets and accelerating its localization efforts to adapt to the changing competitive landscape [1] Group 2: Store Expansion and Product Innovation - As of the end of Q2, Starbucks had a total of 7,758 stores in China, covering over 1,000 county-level markets, showcasing its extensive reach [1] - The company has introduced innovative products tailored to local preferences, such as the "True Flavor No Sugar" coffee and a special coffee bean blend themed around the Chinese New Year, developed by a local team [1]

Core Viewpoint - Starbucks has successfully implemented its "Original Intention Plan," leading to a resurgence in growth, with Q2 FY2025 revenue reaching $739.7 million, a 5% year-over-year increase [2]. Group 1: Financial Performance - Starbucks reported Q2 FY2025 revenue of $739.7 million, marking a 5% increase compared to the previous year [2]. - The CEO of Starbucks, Brian Niccol, indicated that recent adjustments in product lines in China have begun to yield positive results [2]. Group 2: Competitive Landscape - The media often compares Luckin Coffee and Starbucks, but they are not direct competitors; rather, Luckin is a potential strong competitor [6][10]. - Luckin Coffee's target demographic is significantly younger, with 62% of its users aged 18-30, while Starbucks primarily serves white-collar and business customers aged 25-60 [10]. - The revenue growth of Luckin Coffee from 2020 to 2024 shows a significant increase, indicating that both companies operate in distinct market segments [10]. Group 3: Market Dynamics - The Chinese coffee market is not saturated but is still in a growth phase, with significant potential for expansion, especially in lower-tier cities [14][20]. - The average coffee consumption in China is still low compared to developed countries, suggesting ample room for growth [17][19]. Group 4: Consumer Behavior - A shift in consumer preferences has been noted, with some long-time Starbucks customers now opting for Luckin Coffee due to factors such as price and variety [22][24]. - Starbucks faces challenges in maintaining its appeal, as consumers perceive its offerings as less valuable compared to the competitive pricing and variety provided by Luckin [24][25]. Group 5: Strategic Insights - The real challenge for Starbucks lies in internal innovation and adapting to changing market dynamics rather than external competition [21][25]. - The emergence of strong competitors like Luckin Coffee can serve as a catalyst for Starbucks to enhance its offerings and maintain market relevance [25].

Core Insights - The article discusses the intense competition in China's food delivery market, particularly focusing on the strategies employed by major players like Meituan, JD.com, and Ele.me to attract users and riders through substantial subsidies and improved benefits [1][8]. Group 1: Market Dynamics - Ele.me has launched significant subsidies, including 10 yuan and above red envelopes, to stimulate consumer spending on low-priced items like 3 yuan milk tea and 6 yuan coffee [1] - Since February 2025, JD.com has disrupted the market with over 10 million orders, challenging Meituan's dominance, which has led to aggressive countermeasures from Meituan [1][5] - Meituan plans to invest 100 billion yuan in subsidies over the next three years to enhance rider benefits and maintain its market leadership [5] Group 2: Rider Benefits and Recruitment - JD.com is actively recruiting 100,000 full-time riders, offering full social insurance and a guaranteed minimum salary of 5,000 yuan per month, with average monthly earnings reaching 7,000 yuan [2] - Meituan is set to provide social insurance for full-time and stable part-time riders starting in Q2 2025, aiming to improve income stability and rider motivation [2] - Ele.me has introduced initiatives like the "Rider AI Assistant" to optimize delivery routes and reduce pressure on riders, alongside various incentive mechanisms for performance [4] Group 3: Competitive Strategies - Ele.me is implementing various promotions, such as discounts and first-order reductions, to attract new users and counter the competitive pressure from JD.com and Meituan [7] - JD.com's strategy of zero commission for merchants has made it an attractive platform, allowing merchants to earn more compared to other platforms [5] - The competitive landscape is reshaping, with Meituan holding a 65% market share, Ele.me at 33%, and JD.com rapidly gaining ground [8]

【导读】饿了么推出超百亿补贴，加入外卖"战局" 中国基金报记者 忆山 外卖界"三国混战"来了。 4月30日，饿了么发布消息称，"饿补超百亿"正式开启第一波，用户在饿了么App搜索"超百亿"便可获得相关补贴福利。 外卖市场竞争日趋激烈 今年以来，随着京东和美团两大巨头持续加码，外卖市场竞争日趋激烈。 京东方面，今年2月，京东外卖正式启动"品质堂食餐饮商家"招募，在5月1日前入驻的商家可全年免佣金；随后又宣布自3月1日起，逐步为京东外卖全职 骑手缴纳五险一金，为兼职骑手提供意外险和健康医疗险，成为首个为外卖骑手缴纳五险一金的平台。4月，京东外卖宣布全面上线"百亿补贴"。 在打出"免佣金+骑手社保+百亿补贴"组合拳后，近期，京东创始人刘强东还通过亲自送外卖、请外卖小哥吃火锅、上演"BOSS直聘"等方式，成为全网热 议焦点。 4月21日，京东发布致全体外卖骑手兄弟们的公开信，其中提到，加大全职骑手招聘力度，未来三个月将招聘名额由五万名提高到十万名。此外，截至4月 22日晚上8点19分，京东外卖当日订单量已突破1000万单。 美团方面，在外卖骑手端，先是于2月公布了"取消骑手超时扣款"新进展，并在部分城市首次上线"超时 ...