Core Viewpoint - The Hongqiao International Economic Forum, held concurrently with the China International Import Expo, has been tracking global economic hot topics for eight years and aims to contribute "Hongqiao wisdom" to promote global openness and improve global economic governance [1] Group 1 - The Hongqiao Forum serves as a high-end dialogue platform for international political, business, and academic circles [1] - The forum focuses on facilitating global openness and enhancing global economic governance [1]

Group 1 - The eighth China International Import Expo (CIIE) opened on November 5, 2023, highlighting the importance of global openness and cooperation [1] - The "World Openness Report 2025" indicates a slight decline in the global openness index to 0.7545 for 2024, reflecting a tightening trend in global openness levels [1] - China is viewed as a "certainty oasis" for multinational companies, reinforcing their confidence in investing in the Chinese market [1] Group 2 - Danone's CEO for China, North Asia, and Oceania expressed that China has become Danone's second-largest market globally, with aspirations to become the largest in the next five years [2] - Qualcomm's China Chairman emphasized that the CIIE provides a platform for showcasing innovative cooperation and has facilitated the transformation of cutting-edge technologies into marketable products [2] - L'Oréal's CEO highlighted the CIIE as a vital platform for high-level openness, reinforcing the belief that investing in China equates to investing in a future filled with growth and innovation [3] Group 3 - Nippon Paint's CEO noted the tangible benefits and unexpected opportunities presented by the CIIE, particularly in sectors like new energy and artificial intelligence [4] - Schneider Electric's executive vice president emphasized China's role as a strategic hub for global business expansion and innovation, marking it as their second-largest market and a key R&D base [4][5]

Core Viewpoint - The platform economy is currently facing challenges such as "low-price competition" and "subsidy wars," necessitating a comprehensive investigation to promote healthy development in the sector [1]. Group 1: Investigation and Analysis - The "anti-involution" investigation action initiated by the Digital Economy New Media & Think Tank aims to address the issues within the platform economy [1]. - The investigation involves collaboration with experts from various fields, including professors, analysts, and investors, to deeply analyze the "involution-style" competition in the platform economy [8][24]. Group 2: Characteristics of Involution in Platform Economy - Involution in the platform economy manifests in three main aspects: 1. Homogeneous price wars leading to a sharp decline in industry profit margins, creating a dilemma for merchants [13]. 2. Rising customer acquisition costs, with some sellers spending up to 35% of sales on advertising while conversion rates decline [13]. 3. Loss of brand value due to over-reliance on low-price strategies, resulting in poor supply chain quality and insufficient innovation [13]. Group 3: Solutions to Break the Involution - The platform economy must shift from a "traffic algorithm" to an "industry algorithm," focusing on digitalizing industry capabilities and improving supply chain efficiency [15]. - The proposed solutions include: 1. **Technical Drive**: Emphasizing innovation and increasing investment in emerging technologies like big data and AI [16]. 2. **Integrated Development**: Enabling platforms to empower small and medium-sized enterprises by lowering digitalization barriers and fostering collaborative models [17]. 3. **Global Openness**: Expanding international markets and establishing trade standards to facilitate cross-border data flow and compliance [19]. Group 4: Focus Areas of the Investigation - The investigation will focus on various types of platforms, including: 1. Retail e-commerce platforms such as JD.com, Taobao, Pinduoduo, and Douyin [30]. 2. Local life (instant retail) platforms like Meituan and Ele.me [30]. 3. Cross-border e-commerce platforms including Amazon and SHEIN [30]. 4. Ride-hailing platforms such as Didi and Cao Cao [30]. 5. Online travel platforms like Ctrip and Qunar [30].