Core Insights - A welfare revolution is taking place among major tech companies in China, with firms like JD.com, Tencent, and Xiaomi offering subsidized or free housing for interns and employees to address temporary accommodation issues in first-tier cities [1][4][22] Group 1: Strategic Moves by Companies - Companies are transforming employee cash compensation into housing benefits, which helps reduce operational costs while creating valuable fixed assets [5][7] - Providing subsidized housing serves as a "soft binding" mechanism to retain core employees, stabilizing their tenure and enhancing productivity [8][9] - The strategic location of company housing attracts talent that values commuting efficiency, effectively filtering candidates who align with the company's work culture [11][12] Group 2: Operational Efficiency - Reducing commuting time by offering nearby housing can reclaim nearly one hour of productive time per employee daily, enhancing overall work efficiency [15][16] - Centralized housing solutions improve management efficiency and foster a collaborative community, leading to better informal interactions among employees [18][20] - The approach of investing in housing rather than merely cutting costs represents a strategic opportunity for long-term growth and infrastructure development [22]