Core Viewpoint - Youlife International Holdings Limited (Youlife), known as the "first stock for blue-collar lifelong services," is set to debut on NASDAQ, marking a significant milestone as the first blue-collar talent lifelong service provider listed in the U.S. [1] Group 1: Market Potential - The blue-collar service market in China is projected to exceed 1.2 trillion yuan by 2025, with a compound annual growth rate (CAGR) of 13.3%, driven by structural demographic advantages and global strategic expansion [5] - The current digital penetration in the industry is below 10%, indicating substantial room for growth and integration opportunities for leading companies [5] - The global perspective highlights the increasing value of blue-collar workers, particularly as manufacturing shifts towards Southeast Asia, creating new demand for blue-collar services [6] Group 2: Competitive Advantages - Youlife has established a unique full-chain service model that encompasses vocational education, talent recruitment, employee management, and market services, creating a robust ecological barrier [8] - The company plans to leverage AI technology through its "Deep Blue Brain" system to enhance job matching efficiency, alongside adopting blockchain and cloud computing to improve platform security and intelligence [11] - In 2023, Youlife's total revenue from blue-collar lifelong services reached approximately 1.366 billion yuan, positioning it as the largest platform in this sector in China [12][13] Group 3: Valuation and Market Position - Youlife's listing on NASDAQ represents a breakthrough in the blue-collar lifelong service sector, with analysts suggesting that its unique business model could command a scarcity premium in the global market [14] - The company benefits from the inherent anti-cyclical nature of the human resources sector, with a growing demand for flexible labor solutions amid industrial upgrades [15] - Youlife's global expansion strategy mirrors that of Recruit Holdings, which successfully increased its overseas business share, suggesting potential for similar valuation growth [16] - Favorable policies, such as the "Vocational Education Law," are expected to further enhance Youlife's business foundation, with increased public funding for human resources [17]