中经记者 张硕 北京报道 李德思接棒 夯实在华管理团队 段建军13载深耕奔驰在华发展 近日，梅赛德斯-奔驰（中国）投资有限公司宣布北京梅赛德斯-奔驰销售服务有限公司（以下简称"奔 驰销售公司"）及相关合资公司一系列核心管理岗位人事调整，本次任命旨在夯实在华战略布局，保障 业务平稳过渡与高质量发展。 奔驰销售公司总裁兼首席执行官段建军因个人原因辞去现任职务并将离开公司。奔驰表示对段建军的个 人决定深表不舍与遗憾，同时充分理解并尊重其选择。为确保交接平稳有序，段建军将自2026年3月1日 起以战略顾问身份继续支持团队工作，任期至2026年4月30日届满。 分析人士表示，当前奔驰持续深入本土化发展,在打造本土化供应链、本土化人才战略以及携手科技创 新生态等维度持续发力。李德思和张明霞的组合，或将助力奔驰在全新数字化客户运营，夯实品牌势 能，深化中国市场在奔驰全球创新中发挥引领作用。 段建军荣退 十三载深耕铸就奔驰在华辉煌 业内人士表示，段建军是中国汽车行业经验丰厚、享誉业界的专家型管理者，更是梅赛德斯-奔驰在华 发展的核心掌舵人之一。自2013年加入奔驰销售公司以来，他以极致敬业与深耕姿态，陪伴奔驰在华走 过十三个 ...

Core Viewpoint - The company has adjusted its fundraising plan, reducing the total amount to no more than 1.034 billion yuan, focusing on localized development while facing ongoing financial losses and goodwill impairment risks [1][2]. Fundraising Plan - The company has revised its plan for issuing shares to specific investors, with a total fundraising amount now capped at 1.034 billion yuan, primarily allocated for smart robot R&D and industrialization projects (5.51 billion yuan) and enhancing medical health smart device technical service capabilities [2]. Project Progress - The two core fundraising projects from the company's 2022 IPO have been delayed twice, with the latest expected completion dates set for March 2026 and September 2026, affected by renovation progress and customer access thresholds [3]. Business Development - In 2025, the company established a joint venture with Zhiyuan Robotics to co-develop, produce, and sell humanoid robots, with the first prototype of a cycloidal reducer completed and four additional products in progress. The company has also taken on projects for clients like Procter & Gamble and ZF in the electric drive and 800V voltage module sectors, with plans to expand robot production capacity to 3,000 units annually [4]. Company Status - As of January 31, 2026, the company has repurchased 1.9659 million shares, accounting for 0.16% of the total share capital, with a total repurchase amount of 11.542 million yuan at prices ranging from 4.91 yuan to 11.42 yuan per share [5]. Financial Performance - For the first nine months of 2025, the company reported revenue of 1.508 billion yuan, a year-on-year decrease of 4.09%, and a net loss attributable to shareholders of 54.3377 million yuan. As of September 30, 2025, the company's goodwill was valued at 723 million yuan, indicating impairment risks, with retained earnings at -923 million yuan. The ongoing losses are attributed to macroeconomic conditions, market competition, and project delays [6]. Stock Performance - On February 10, 2026, the company's stock closed with a market capitalization of 12.971 billion yuan, showing a daily increase of 0.48% with a trading volume of 88.3661 million yuan. Institutional research indicates that sectors like robotics and smart manufacturing are receiving significant capital attention, although the company's main funds have recently shown a net outflow trend [7].

蔡司大中华区总裁兼首席执行官费铭远（Martin Fischer） 来源：美通社 上海2026年2月7日 /美通社/ -- 作为光学与光电领域的全球领先科技企业，蔡司在上海外高桥保税区正式 启动大中华区总部综合园区建设项目。新园区规划建设用地面积超5万平方米，是蔡司迄今为止在华规 模最大的单笔基础设施投资。新园区建成后，将整合并升级蔡司大中华区总部的管理、运营、销售、研 发、生产、供应链等核心职能，全面提升本地运营与协同能力。蔡司也将进一步增强在华创新研发能 力，把新园区打造成为蔡司全球创新网络的关键枢纽。建设新园区是蔡司在华本土化发展的全新里程 碑，标志着蔡司在浦东、在上海进一步深植根基，持续深化对中国市场的长期承诺。 蔡司集团总裁兼首席执行官裴安德（Andreas Pecher）先生表示："今年恰逢蔡司成立180周年和'蔡司 2030战略'开启，在追求韧性与增长的道路上，蔡司将继续在全球范围内深化本地布局。中国是蔡司最 大、最具活力的市场之一，而上海立足中国经济发展的前沿，为全球企业提供了广阔的发展空间，期待 新园区成为驱动蔡司全球创新与业务增长的能量引擎，也为中国经济的高质量发展注入强劲而持久的科 创动 ...

浦东新区新闻办供图 2月7日，蔡司大中华区总部综合园区建设启动仪式在外高桥保税区举行。这是蔡司迄今为止在华规模最大的单笔基础设施投资，表明其看好中国、扎根上 海、加码浦东发展的坚定信心。 上海市委常委、浦东新区区委书记、中国（上海）自由贸易试验区管委会主任李政出席启动仪式。 在中国市场的经营历史上，外高桥保税区一直是蔡司重要的战略锚点。蔡司集团总裁兼首席执行官裴安德（Andreas Pecher）介绍，从1999年立足外高桥开 拓中国市场以来，中国已成长为蔡司全球最大、最具创新活力的市场。仅在过去10年里，蔡司在中国的营收就翻了6倍，对上海的税收贡献也增长了4倍，这 是此次进一步扩大投资的基础。 按照规划，园区还将衔接蔡司长三角、粤港澳大湾区整体创新布局，持续强化在华研发实力。 "中国是蔡司最大、最具活力的市场之一，而上海立足中国经济发展的前沿，为全球企业提供了广阔的发展空间，期待新园区成为驱动蔡司全球创新与业务 增长的能量引擎，也为中国经济的高质量发展注入科创动能。"裴安德说。 蔡司是光学与光电领域的全球领先科技企业，创立于1846年，总部位于德国奥伯科亨。建设新园区是蔡司在华本土化发展的全新里程碑。新园区 ...

2月7日，全球光学与光电技术领先企业蔡司在上海外高桥保税区正式启动大中华区总部综合园区建设项目。新园区规划建设用地面积超5万平方米，是 蔡司迄今为止在华规模最大的单笔基础设施投资。 据悉，新园区建成后，将整合并升级蔡司大中华区总部的管理、运营、销售、研发、生产、供应链等核心职能，全面提升本地运营与协同能力。蔡司也 将进一步增强在华创新研发能力，把新园区打造成为蔡司全球创新网络的关键枢纽。 公开资料显示，蔡司集团于1846年在德国成立，如今在全球约50个国家拥有约46600名员工，致力于光学和光电领域的技术创新。在2024/25财年，蔡司 集团全年营收近120亿欧元，覆盖工业质量与研究、医疗技术、光学消费品市场、半导体制造技术四大业务板块，目前，集团收入的15%用于科学和研发。 早在1957年，蔡司便进入中国市场，1999年作为贸易公司入驻外高桥保税区，后于2013年升级为大中华区管理总部，并在2020年加入上海自贸区首 批"全球营运商计划 (GOP）"，进一步提高了全球资源配置能力，推动了总部职能的升级。 值得一提的是，今年是"十五五"规划的开局之年，而蔡司也在今年开启了新一轮的全球五年战略，即"蔡司2030 ...

Core Insights - JAC Motors has achieved a significant milestone with the successful rollout of its first high-end light truck at its KD assembly plant in Oran, Algeria, marking a breakthrough in a project that has been in development for over a decade [1] - The project is expected to enter a phase of ramping up production and quality improvement by March 2026, with local production of KD kits [1] Group 1: Project Development - The assembly plant, which began operations in 2014 with an investment of $140 million, has a designed annual capacity of 100,000 units [1] - The first phase includes the assembly of light trucks, high-end small trucks, pickups, and multifunctional commercial vehicles, creating approximately 1,500 direct jobs in Algeria [1] - A second phase is being planned to introduce specialized vehicles such as refrigerated trucks and dump trucks, which is expected to increase direct employment to 3,500 [1] Group 2: Market Position and Strategy - JAC Motors has exported over 100,000 vehicles to Algeria, achieving a market share of 40%, making it the leading light truck brand in the region [4] - The company has established a comprehensive network of over 40 sales and service outlets across Algeria, reinforcing its leadership position [4] - JAC Motors emphasizes technology transfer and local talent development, providing systematic training for local employees in various fields, significantly enhancing their skills and capabilities [5] Group 3: Long-term Vision - The decade-long localization efforts have not only resulted in successful technology transfer but have also deepened trust and collaboration between Chinese and Algerian teams [5] - Looking ahead, JAC Motors aims to continue collaborating with global partners, focusing on quality and innovation to promote sustainable development in the automotive industry [5]

Core Viewpoint - McDonald's China has announced a price increase for certain menu items, effective December 15, with prices rising by 0.5 to 1 yuan, marking the fourth price adjustment since January 2023 [1][6]. Price Adjustments - The price increase affects various breakfast items, burgers, and snacks, with slight variations across different cities. For example, in Guangzhou, the price of the ham and egg muffin combo increased from 6.9 yuan to 7.8 yuan, and the double cheeseburger meal rose from 32.5 yuan to 33.5 yuan [3][5]. - The "1+1 Flexible Combo," often referred to as the "poor man's combo," remains priced at 13.9 yuan, but selecting certain items like the double cheeseburger incurs an additional charge, bringing the total to 14.9 yuan [5]. Historical Context of Price Changes - This is the fourth price increase since January 2023, when the "1+1 Flexible Combo" was raised from 12.9 yuan to 13.9 yuan. Other breakfast and burger items also saw price increases of 0.6 to 1 yuan at that time, attributed to ongoing cost pressures from the pandemic [6]. - On December 27, 2023, further price adjustments were made, with increases ranging from 0.5 to 2 yuan, averaging a 3% rise, again linked to changes in operational costs [6]. Market Performance - In the third quarter of this year, the international development licensed markets, including China, reported a same-store sales growth of 4.7% [7][8]. - As of August 1, 2023, McDonald's China operates over 7,100 stores, with a significant focus on local sourcing, achieving over 90% of ingredients from local suppliers [8][9]. Strategic Development - McDonald's China has adopted a localization strategy, significantly increasing the proportion of local suppliers to nearly 60%. The company has tripled its restaurant count over the past eight years, with plans to reach 10,000 stores by 2028, adding approximately 1,000 new locations annually [9].

Core Viewpoint - McDonald's has increased the prices of most menu items by 0.5 to 1 yuan, while maintaining the price of the "1+1 Flexible Combo" at 13.9 yuan, which has sparked discussions among consumers [1][2]. Price Adjustments - The price increase affects various items, including classic burgers like the Big Mac and Double Fillet-O-Fish, which have risen by 1 yuan, while some snacks and desserts have seen a 0.5 yuan increase [1][2]. - The "1+1 Flexible Combo" remains at 13.9 yuan, but certain combinations may incur an additional 1 yuan cost due to ingredient price increases [2]. Industry Context - The food supply chain in China has experienced fluctuating costs over the past two years, with a general trend of rising raw material prices, although some categories have seen price reductions [2]. - As a leading chain restaurant, McDonald's is adjusting prices to maintain product quality, which is considered a normal business practice within the industry [2]. Local Development Strategy - McDonald's China has focused on local development, with over 90% of its ingredients sourced locally and nearly 60% of suppliers being domestic [2]. - The CEO of McDonald's China stated that the country has become the fastest-growing market for the company globally, with restaurant numbers tripling to over 7,100 in the past eight years [2]. - The company plans to continue its steady expansion, aiming to open approximately 1,000 new stores annually, with a target of reaching 10,000 stores by 2028 [2].

Core Viewpoint - The 8th China International Import Expo (CIIE) is a significant platform for global enterprises to showcase innovation and market opportunities, emphasizing China's commitment to high-level openness and a new development pattern [1] Group 1: Event Overview - The CIIE will take place from November 5 to 10, 2025, at the National Exhibition and Convention Center in Shanghai, with the theme "New Era, Shared Future" [1] - Olympus, a global leader in medical technology, is participating for the eighth consecutive year, showcasing its commitment to the Chinese market and the development of local medical solutions [1] Group 2: Product Innovations - Olympus presented several innovative medical products manufactured at its Chinese medical device production and R&D base, including the GIF-EZ1500-C electronic upper gastrointestinal endoscope, which features dual focus design and 100x optical magnification [1] - The GIF-EZ1500-C utilizes extended depth of field (EDOF) technology to enhance early cancer detection rates in the upper gastrointestinal tract [1] - A new 4K, 3D fluorescence endoscope, OTV-S700-C, offers multiple observation modes to improve early cancer diagnosis and is compatible with various existing endoscopic equipment [3] Group 3: Medical Safety and Efficiency - Olympus introduced the OER-5 endoscope cleaning and disinfection device, which combines ultrasound and high-pressure flushing technologies to effectively remove biofilms and contaminants [4] - The OER-5 can clean and disinfect two standard Olympus flexible endoscopes in approximately 17 minutes, enhancing departmental turnover rates [4] Group 4: Comprehensive Solutions - Olympus showcased a product matrix covering multiple medical fields, including digestive, respiratory, and gynecological areas, and recreated an endoscopy room and multi-endoscope surgical room for immersive experience [7] - The company offers comprehensive solutions for endoscopy centers, including layout planning, workflow optimization, clinical configuration, and digital management to meet modern healthcare demands for quality, efficiency, and safety [7]

Core Viewpoint - Multinational companies are increasingly committed to expanding their investments in China, recognizing the country's stable development environment and vast growth potential amidst global trade challenges [2][5]. Group 1: Investment and Trade Opportunities - The 8th China International Import Expo (CIIE) attracted over 4,108 companies from 155 countries, marking a record high in participation [4]. - Bilateral trade between China and Malaysia is projected to reach $212.04 billion in 2024, reflecting an 11.4% year-on-year increase, with China remaining Malaysia's largest trading partner for 16 consecutive years [3]. - Companies like Cargill have signed over $30 billion in cooperation agreements at previous expos, highlighting the platform's value for securing significant contracts [8]. Group 2: Localization and Market Adaptation - Baker Hughes has invested in a manufacturing facility in Tianjin to produce aerospace-related materials locally, responding to the growing demand in China's aviation sector [11]. - Mitsubishi Electric is shifting its strategy from exporting products to manufacturing in China, aiming to enhance its international competitiveness by leveraging local industry strengths [12]. - Spritzer, a Malaysian beverage company, has adapted its product offerings to include sparkling water, recognizing a gap in the Chinese market for healthier beverage options [13]. Group 3: Industry Growth and Consumer Trends - The aging population and rising income levels in China are driving demand for health-conscious food products, prompting companies to optimize their supply chains and product offerings [14]. - The CIIE serves as a vital platform for companies to connect with local partners and explore innovative solutions tailored to Chinese consumer preferences [17]. - Evonik has expanded its investment in China, with plans to increase production capacity in various locations, aiming for sustainable growth in the Asia-Pacific region [18].