图片来源网络 11月23日，港交所官网更新的文件显示，京东工业已经顺利通过上市聆讯，这意味着它距离港股挂牌就差最后一步了。根据最新消 息，这次 IPO 由美银美林、高盛、海通国际和瑞银四大巨头联手担任联席保荐人，计划12月正式挂牌，预计募集资金 5-6 亿美元。 这次京东工业的股东名单里有中东资本阿布扎比投资基金这些 "大佬"，上市后能进一步打通国际融资渠道，为刘强东的国际化战略 铺路。毕竟工业供应链是全球化业务，有了国际资本的支持，京东工业拓展海外市场会更顺风顺水。 图片来源网络 中国工业供应链市场规模已经达到 11.4 万亿元，但数字化渗透率才 6.2%，远低于消费领域，未来增长空间巨大。京东工业的上 市，相当于向市场证明了京东 ToB 战略的可行性，也能借助资本市场的资源，巩固自己在工业数字化赛道的龙头地位，毕竟现在竞 图片来源网络 争对手也不少，早上市就能早拿到资金优势。 京东工业成立于 2017 年，前身是京东的企业业务板块，主要做工业供应链技术与服务，简单说就是帮企业解决 MRO（维护、维 修、运营）采购和数字化供应链的问题。按 2024 年交易额算，规模快赶上第二名的三倍，还服务了 60% 的中 ...

本次大会旨在响应产业发展需求，搭建交流合作桥梁，推动行业价值共创。大会以主题演讲与圆桌 对话为核心形式，聚焦农粮产业数字化转型，围绕农粮产业互联网发展、人工智能应用等行业前沿趋 势，覆盖国内粮食科学种植、创新交易、高效运输、产融结合等热点话题，共话农粮产业数智化发展的 新路径。本次大会获得中国粮食行业协会、中国粮食商业协会、中国信息协会产业互联网分会的大力支 持，农粮行业顶尖专家、龙头企业代表、技术专家、业务精英共300余人汇聚出席。 我国农粮产业已奠定坚实发展基础，粮食产量已站上1.4万亿斤台阶，为经济社会平稳运行提供了 重要支撑。当前，在供需结构持续升级、资源条件约束趋紧的背景下，产业链仍面临韧性不足、协同效 率有待提升等挑战。在产业互联网成为国家战略的背景下，作为大宗农粮交易一站式服务平台，粮达网 依托中粮贸易、招商港口、中粮资本央企股东背景，构建了"线上交易+电子签章+金融服务+物流服务 +行情资讯"的全链条服务体系，解决大宗农粮流通过程信息传递、定价方式、合同签批、资金支付、 物流运输、商务处理、履约保证等方面存在的痛点和堵点，以"多、省、快、好、稳"为价值主张，为行 业提供高效解决方案。 数字技术 ...

11月19日，港股公司汇通达网络（09878.HK）发布公告称，解聘副总裁及董事会秘书倪娟。解聘理由一是倪娟隐瞒了在证监会新疆监管局及上海证券交易 所的违规记录，二是倪娟任职期间未达成绩效目标。 随后，11月20日凌晨，倪娟向媒体发布书面署名声明，反驳汇通达网络说法，称自身无隐瞒且绩效合格，并指汇通达网络单方面修改考核指标设置障碍。目 前倪娟已向南京市玄武区人民法院提起诉讼。 从过往履历来看，倪娟曾是资本市场的"金牌"董秘。 2012-2023年，倪娟担任广汇能源董事、副总经理及董事会秘书，长期负责资本市场与投资者关系工作。2021年，她获评新浪财经第七届"金麒麟·金牌董 秘"，2022年，以广汇能源董秘、副总经理身份在多场论坛发言。2023年7月，倪娟正式加入汇通达网络，出任副总裁及董事会秘书，负责公司治理、资本市 场沟通。 公开资料显示，汇通达网络是中国领先的利用数字化技术和供应链能力赋能服务乡镇夫妻店的产业互联网公司，2022年2月18日在香港联交所主板上市。 财务方面，2025年上半年，汇通达网络收入为243.42亿元；经营利润为3.56亿元，同比增长15.9%；归母净利润为1.39亿元，同比增长10 ...

Core Insights - The essence of the China-US competition is highlighted by Huang Qifan, indicating that China's manufacturing value added is twice that of the US, covering all industrial categories globally [1] - China's export of equipment manufacturing has surpassed 90%, marking a transition from "shirt for planes" to "independent full industrial chain" [1] - The trade war initiated by Trump inadvertently boosted China's export to $3.3 trillion, with automobile exports reaching 6 million units, exceeding the combined total of the US, Japan, and Germany [1] Industry Analysis - The essence of the industrial chain war is emphasized, with China leveraging its mature process chips (70% of the global 28nm+ market) to counteract US technology blockades [1] - The "high value-added upgrade + dual circulation strategy" has allowed China to transfer low-end production capacity to Southeast Asia while building land-based trade routes like the China-Europe Railway Express and the China-Laos Railway [1] - Huang Qifan asserts that the US's strategy of "manufacturing return" has failed, while China is achieving full-chain digitalization through industrial internet, significantly enhancing production efficiency [1] Technological Landscape - China is accelerating its layout in five key areas: new energy (over 60% global share in photovoltaics/storage), AI large models (Huawei Ascend series breakthroughs), and biomedicine [1] - In response to the US's 3nm chip blockade, China is focusing on the mature process that meets 80% of market demand, employing a "change track" strategy to dismantle technological bottlenecks [1] - Huang Qifan emphasizes that the transformation of the industrial internet has tripled the response speed of Chinese factories, an ecological advantage that the US cannot replicate [1] Currency Strategy - Currently, the proportion of RMB settlement is less than 3%, which is significantly imbalanced compared to its 17% contribution to GDP [1] - Huang Qifan proposes a "Belt and Road + digital currency" strategy to bind trade settlement through infrastructure, using capital controls to build a financial moat [1] - He predicts that when RMB settlement surpasses 25%, the US dollar's hegemony will face substantial challenges [1] Strategic Predictions - The long-term industrial chain battle indicates that the US's attempts to ally with India and Southeast Asia will not shake China's dual advantages of "industrial cluster + technological upgrade" [2] - The technology war is evolving from hardware blockades to competition in productive services, necessitating the cultivation of "Huawei-style leading enterprises" in China [2] - The currency battle is expected to be prolonged, with the digital RMB's cross-border payment pilot covering 130 countries, gradually undermining the US dollar system [2]

转自：新华财经 不过，京东工业同时也面临包括传统工业品分销商、其他工业品电商平台、大型综合电商平台以及国际 工业品电商巨头等对手的竞争。当前，工业品电商领域主要玩家包括1688工业品、京东工业品、震坤 行、鑫方盛、西域等头部玩家；工品一号、固安捷、易买工品、工品汇、万千紧固件等腰部玩家；以及 工控猫、爱安特、盛世云商、工牛、沂川商城等长尾部玩家。 新华财经北京11月18日电（康耕甫）近日，京东旗下京东工业公布计划于12月在香港联交所挂牌上市， 预计募集资金5-6亿美元。此前，京东集团、达达集团、京东健康、京东物流及德邦股份均已实现上 市。若此次上市成功，京东工业将成为刘强东旗下第六个上市公司。 "从战略意义来看，京东工业的上市对刘强东商业版图的影响主要体现在三个方面：首先是资本布局的 多元化，通过分拆高潜力业务独立上市，刘强东的资本版图将进一步扩大，形成'零售+物流+健康+科 技+工业'的多元化格局；其次是产业互联网的布局，京东工业的上市将推动刘强东在产业互联网领域的 布局，构建'商品-物流-技术'三位一体的供应链生态体系；最后是国际化战略的推进，京东工业引入中 东资本（如阿布扎比主权基金），为刘强东的国际化 ...

若此次上市成功，京东工业将成为刘强东旗下的第六个上市公司。 【观点一：京东工业的IPO历程"一波三折"】 网经社电子商务研究中心主任曹磊表示，京东工业的IPO历程并不顺利，这是其第四次冲击港股上市。此前公司曾于2023年3月、2024年9月、2025年3月三 次递表，均因招股书有效期届满而失效。 曹磊进而表示，京东工业的分拆上市是京东集团资本战略的重要一环。其分拆逻辑主要体现在三个方面：首先，通过分拆独立融资，提升子公司估值，同时 降低母公司负债率；其次，分拆上市后京东工业将实现独立运营，股权运作方式和融资渠道将得到进一步丰富和拓展，有利于其基于现有领先地位整合工业 供应链业务，进一步巩固竞争优势；最后，分拆上市还能实现风险隔离，避免单一业务板块的经营风险传导至母公司。 曹磊补充道，从战略意义来看，京东工业的上市对刘强东商业版图的影响主要体现在三个方面：首先是资本布局的多元化，通过分拆高潜力业务独立上市， 刘强东的资本版图将进一步扩大，形成"零售+物流+健康+科技+工业"的多元化格局；其次是产业互联网的布局，京东工业的上市将推动刘强东在产业互联 网领域的布局，构建"商品-物流-技术"三位一体的供应链生态体系； ...

Core Insights - The year 2025 is seen as a pivotal moment for the industrial internet, marking a transition from a capital-driven cycle to one focused on value creation and innovation [1] - The fundamental aspects of the industrial internet remain unchanged, driven by technological and global supply chain transformations [1] Group 1: New Cycle Keys - The three keys to unlocking the new cycle are "Industrial AI, Industrial Globalization, and Deep Value Chains" [2] - The "2025 Yibang Industrial Internet Annual Conference" aims to explore these themes and establish new benchmarks for the industry [2] Group 2: Conference Details - The annual conference will take place from December 3 to 4, 2025, at the China World Hotel in Beijing [3] - Approximately 800 industry elites are expected to attend, with notable speakers including experts from various sectors sharing insights on industrial transformation and AI [4][5] Group 3: Keynote Speakers and Topics - Keynote topics will cover AI's impact on supply chains, the role of industrial internet in global branding, and strategies for deepening value chains [4][5] - Notable speakers include industry leaders from major companies and organizations, discussing practical experiences and strategies for navigating the new industrial landscape [4][5] Group 4: Awards and Recognition - The conference will feature the "Qianfeng Night" awards ceremony, recognizing outstanding companies in the areas of Industrial AI, Globalization, and Deep Value Chains [6] - The event will also include discussions on the importance of intellectual property and strategies for success in the short video era [6] Group 5: Networking and Collaboration - A closed-door meeting for decision-makers will focus on value creation and collaboration within the industrial internet space [15][16] - The conference aims to foster connections among industry professionals, experts, investors, and media to drive innovation and growth [6][15]

Core Insights - Wanlian Yida Group is focusing on the integration of artificial intelligence (AI) with industry, aiming to enhance the quality of the real economy through its dual business model of "entity + internet" [1][3][5] - The company has developed an industry-level AI model, Wanlian Moore, which aims to empower various industry scenarios and facilitate the transition from generalized AI to specialized industry applications [1][8] Group 1: AI and Industry Integration - The Chinese government is promoting the deep integration of AI with industry under the "AI+" strategy, which is crucial for enhancing the quality of the real economy [3][5] - Despite significant advancements in AI foundational research and computational power, challenges remain in commercial application and ecosystem construction [3][5] - Wanlian Yida has a profound understanding of the pain points and challenges faced by industries, leveraging its long-term experience in the sector [3][5] Group 2: Ecosystem Development - The company is building an industrial internet ecosystem by integrating AI, trusted data spaces, and real business scenarios, creating platforms for various functions such as AI applications, commodity trading, logistics services, and smart finance [5][6] - The ecosystem aims to address the issues of "having models but no data" and "having data but no intelligence," enabling partners to move from solving known problems to discovering unknown opportunities [5][6] Group 3: Future Directions - Wanlian Moore is designed to cover all 97 major industry categories in the national economy, facilitating the connection of upstream and downstream industry chains and creating precise industry solutions [8][11] - The concept of an "AI super carrier" is introduced, which will serve as a unified entry point for various intelligent service units across agriculture, industry, and services [11] - The company emphasizes the importance of starting from real scenarios to ensure that AI is rooted in reality, aiming for a collaborative future in industrial development [11]

Core Insights - The article emphasizes the positive energy and supportive environment in Pudong, which fosters innovation and growth for companies like Xiyu Smart Supply Chain [2][4] - Xiyu is transitioning from relying on Chinese supply chains to promoting Chinese brands in global markets, aligning with national strategic goals [2][7] - The company attributes its success to its corporate culture and the importance of human resources, viewing these as core competencies beyond just technology [3][6] Company Growth and Development - Xiyu has been operational for over 20 years, evolving through various strategic phases and emphasizing the importance of core capabilities [3] - The company has cultivated a strong corporate culture, with a focus on employee engagement and continuous learning, as evidenced by its extensive library of 30,000 books [3] - The management believes that the key to overcoming challenges lies in selecting the right people and fostering a supportive environment [3] Advantages of Pudong - Pudong is recognized for its excellent business environment, government support, and minimal operational interference, making it ideal for startups, especially in AI and digital services [4] - The region's policies and collaborative ecosystem are seen as critical to the success of companies like Xiyu [4] Globalization Strategy - Xiyu is actively pursuing a globalization strategy, having established partnerships with various domestic and international brands [5][7] - The company is transitioning from a phase of leveraging low-cost manufacturing to promoting Chinese brands globally, amidst changing geopolitical landscapes [7] - Xiyu aims for international business to account for 30% to 50% of its revenue within the next five years, with significant investments in global exhibitions and brand development [7] Future Outlook - The company expresses gratitude for its growth in Pudong and envisions a future of opportunities and prosperity through high-frequency energy and alignment with national strategies [8]

Core Insights - The focus of industrial internet is shifting from "internet" to "industry" as AI becomes a new driving force for transformation and upgrading [3][4][8] - AI is opening up new opportunities for the industrial internet, allowing players to address pain points and seek growth in a more effective manner [2][4][8] - The operational mechanism of the industrial internet is transitioning from "outside-in" to "inside-out," enabling more comprehensive and profound changes within industries [7][8] Group 1: Transition of Focus - The industrial internet's essence lies in industry transformation rather than merely being an extension of the consumer internet [3][4] - Many players have previously viewed the industrial internet through the lens of consumer internet, which has hindered their ability to realize its true potential [3][6] Group 2: AI as a Catalyst - AI is becoming a new productive force, facilitating the transformation of both digital and physical economies [4][8] - The integration of AI into industrial processes is leading to the emergence of new industrial forms, processes, and supply chains [4][8] Group 3: Change in Business Models - The business model of the industrial internet is evolving from "centralized" to "decentralized," allowing for a more distributed approach to leveraging AI [5][6] - The success of AI applications, such as Deepseek, illustrates the shift towards a decentralized model that enhances industry transformation [6] Group 4: Mechanism of Operation - The operational mechanism of the industrial internet is moving from a "top-down" approach to a "bottom-up" approach, allowing for deeper integration and transformation within industries [7][8] - This new mechanism enables a more holistic approach to industry upgrades, contrasting with the previous limitations of the "outside-in" model [7][8]