此次产业基地的揭牌启用，不仅是中亚集团战略升级的物理体现，更是其智能商业生态成熟的象征。通 过打造这一领先的智能基础设施，中亚集团为数以万计的合作伙伴构建了一个稳固、高效、充满成长性 的数字化经营环境，兑现了其"共筑多元未来"的承诺。集团将持续投入技术研发，确保该基地能引领行 业发展趋势，成为中国智能电商领域的新标杆。 新启用的AI直播电商产业基地并非传统的办公或仓储空间，而是一个集高度智能化与多元功能于一体 的复合式运营中心。它囊括了"AI直播运营中心"、"双轨直播间集群"、"AI数字人矩阵"、"供应链运营 中心"以及"智慧农创展厅"五大核心功能区。其中，最为引人注目的便是能够实现上万个AI数字人直播 窗口同步运行的"AI数字人矩阵"。这一技术突破使得中亚集团能够为全国33个省份的合作伙伴提供 $7 \times 24$ 小时无间断、标准化、高效率的智能直播输出服务。这种全天候、全地域的覆盖能力，极大 地提升了商家运营效率，降低了人力和时间成本，真正实现了对普通人的技术赋能。 基地的启用，是中亚集团将AI技术深度应用于商业全流程的成果展示。其设计理念在于将复杂的电商 运营和供应链管理进行模块化、智能化改造。 ...

Core Viewpoint - Shenzhou Holdings plans to sell up to 28.8273 million shares of its subsidiary Shenzhou Information, representing approximately 2.9543% of its total share capital, to support its business development and general working capital, while maintaining its subsidiary status post-transaction [1][2] Group 1: Company Strategy and Operations - The company aims to become a leader in AI solutions centered around supply chains, showcasing its strategic ambition in the "AI + Supply Chain" sector [2] - Shenzhou Holdings operates through three business segments: traditional services including system integration and e-commerce supply chain services, software and operations services, and big data products and solutions [2] - The company is advancing its "Data × AI" strategy, focusing on high-quality industry data and leveraging its "Yanyun Infinity" platform to enhance its capabilities and create a closed-loop ecosystem [2] Group 2: Financial and Market Position - As of the announcement, Shenzhou Holdings holds 39.9211% of Shenzhou Information, indicating a significant stake in its subsidiary [1] - The proceeds from the share sale will be utilized for business development and to bolster working capital, reflecting the company's focus on enhancing its operational capacity [1]

Core Viewpoint - Shenzhou Digital Holdings plans to sell up to 28.8273 million shares of its subsidiary, Shenzhou Information, representing approximately 2.9543% of its total share capital, to optimize capital allocation and focus on core AI and supply chain sectors [1] Group 1: Company Strategy - The company aims to become a leader in AI solutions centered around supply chains, emphasizing its strategic direction in the "AI + Supply Chain" sector [2] - Shenzhou Digital is enhancing its high-quality supply chain services while extending its service boundaries to offer comprehensive solutions for AI capability development [2] - The company has adopted a "Data × AI" strategy to create a competitive edge by focusing on high-quality industry data, addressing a significant market pain point [2] Group 2: Product Development - Shenzhou Digital launched the "Yanyun Infinity" platform in collaboration with Peking University, which integrates data processing capabilities for intelligent decision-making [3] - The company has over 20 years of experience in the supply chain sector, particularly in consumer electronics and fast-moving consumer goods, which supports its AI technology applications [3] Group 3: Ecosystem Collaboration - Shenzhou Digital has formed strategic partnerships with 15 companies this year, including leading firms in the embodied intelligence and logistics sectors, to enhance its ecosystem [3] - The company initiated a logistics data open interconnection initiative with Beijing Jiaotong University to broaden its industry data sources [3] Group 4: Financial Implications - The cash inflow from the share sale is expected to accelerate the company's progress towards its goal of becoming a leader in AI solutions centered around supply chains [4] - The company is committed to integrating AI technology into key sectors of the real economy, promoting AI as a core productivity driver [4]

Core Viewpoint - Shenzhou Holdings plans to sell up to 28.83 million shares of its subsidiary Shenzhou Information, representing approximately 2.95% of its total share capital, to optimize capital allocation and focus on core AI and supply chain strategies [1][2] Group 1: Share Sale Announcement - The sale will occur within three months after the announcement date, with proceeds aimed at supporting business development and general working capital [1] - Post-transaction, Shenzhou Holdings will retain a 39.92% stake in Shenzhou Information, which will continue to be classified as a subsidiary [1] Group 2: AI Strategy and Product Development - Shenzhou Holdings is enhancing its focus on AI, particularly through a "Data×AI" strategy that emphasizes high-quality industry data to create a competitive edge [2] - The company launched the "Yanyun Infinity" platform, which integrates data processing capabilities for intelligent decision-making, based on award-winning technology [2] - An enterprise-level supply chain intelligent agent cluster named "Xiao Jin" was introduced, improving query efficiency by 90% and data analysis efficiency by 70% [2] Group 3: Ecosystem Development - Shenzhou Holdings is building a positive ecosystem by empowering partners with its technology while also integrating high-quality resources to address its own shortcomings [3] - The company has formed strategic partnerships with 15 entities this year, including leading firms in embodied intelligence and logistics [3] - The combination of the "Yanyun Infinity" platform, the "Xiao Jin" solution, and ecosystem collaborations aims to solidify Shenzhou Holdings' position as a leader in AI solutions centered around supply chains [3]

Core Viewpoint - Shenzhou Holdings plans to sell up to 28,827,300 shares of Shenzhou Information, representing approximately 2.9543% of its total share capital, to fund business development and general operating expenses, while maintaining its status as a subsidiary [1] Group 1: Business Strategy and AI Focus - The company aims to become a leader in AI solutions centered around supply chain management, showcasing its strategic ambition in the "AI + Supply Chain" sector [1] - Shenzhou Holdings is enhancing its foundational AI technology research and expanding the application of AI in supply chain management [1] - The company has launched a comprehensive AI capability-building solution, emphasizing a dual-driven strategy of "Customer + Ecosystem" to increase customer engagement and broaden its client base [1] Group 2: Data and Technology Development - Shenzhou Holdings is advancing its "Data × AI" strategy, focusing on high-quality industry data as a critical factor for successful AI commercialization [2] - The company has developed the "Yanyun Infinity" platform in collaboration with Peking University, which integrates data collection, cleaning, modeling, operation, and security to support intelligent decision-making [2] - Shenzhou Holdings has over 20 years of experience in the supply chain sector, accumulating valuable know-how and data to support AI applications [2] Group 3: Intelligent Solutions and Ecosystem Collaboration - The company has introduced the enterprise-level supply chain intelligent agent cluster "Xiao Jin," which standardizes knowledge and experience across supply chain management roles to enhance organizational efficiency [3] - Shenzhou Holdings has signed strategic cooperation agreements with 15 partners across various industries, including leading companies in embodied intelligence and logistics [4] - The company is actively promoting an open logistics data initiative with academic and industry organizations to expand its data sources and service capabilities [4] Group 4: Market Position and Future Outlook - Shenzhou Holdings is embedding AI deeply into key sectors of the real economy, transforming AI into a core productivity driver for enterprises [5] - The company is positioned to facilitate the intelligent transformation of industries by leveraging funds, logistics, and data flows [5]

Group 1 - The core point of the news is that Shenzhou Holdings plans to sell up to 28,827,300 shares of its subsidiary Shenzhou Information, which represents approximately 2.9543% of Shenzhou Information's total share capital, to fund business development and general operating expenses [1] - After the sale, Shenzhou Holdings will still hold 39.9211% of Shenzhou Information, indicating that the subsidiary will remain under its control [1] - The funds from the share sale will enhance Shenzhou Holdings' investment in technology innovation, particularly in the AI sector, where the company has been increasingly active [1] Group 2 - During a recent annual meeting, Shenzhou Holdings' management outlined its goal to become a leader in AI solutions centered around supply chain management, showcasing its strategic ambition in the "AI + supply chain" arena [2] - The company introduced a "customer + ecosystem" dual-driven strategy aimed at increasing customer loyalty and expanding its customer base through lean operations and strong marketing strategies [2] - Shenzhou Holdings is advancing its "Data × AI" strategy, focusing on high-quality industry data, and is building a comprehensive ecosystem to support its vision, with the cash inflow from the share sale expected to accelerate this process [2]

Core Viewpoint - Shenzhou Holdings plans to sell up to 28,827,300 shares of Shenzhou Information, representing approximately 2.9543% of its total share capital, to fund business development and general working capital, while still maintaining a majority stake of 39.9211% in Shenzhou Information [1] Group 1 - The proceeds from the share sale will enhance Shenzhou Holdings' ability to invest in technology innovation, particularly in the AI sector [1] - The company has been actively pursuing developments in AI, indicating a strategic shift towards strengthening its position in this field [1] - Following the share sale, Shenzhou Information will continue to be a subsidiary of Shenzhou Holdings, ensuring ongoing operational synergy [1] Group 2 - At a recent annual meeting, Shenzhou Holdings' management outlined its goal to become a leader in AI solutions centered around supply chain management, showcasing its strategic ambition in the "AI + Supply Chain" arena [2] - The company is implementing a "customer + ecosystem" dual-driven strategy to enhance customer loyalty and expand its market reach through refined operational management and robust marketing strategies [2] - Shenzhou Holdings is advancing its "Data × AI" strategy, focusing on high-quality industry data and building a comprehensive ecosystem to support its vision [2]

Core Insights - 1688 has launched a cross-border e-commerce AI tool named "AoXia" to assist cross-border entrepreneurs in matching factories and streamlining the digital supply chain from product selection to supply chain connection [1] Group 1: Product Features - AoXia integrates AI with supply chain management, utilizing image recognition, link analysis, and natural language processing to cover key areas such as product selection, factory sourcing, intelligent pricing inquiries, and content generation [1] - Users can initiate a conversation or upload product images and links to start the entire process from market research to factory connection, with AI handling all steps except for order confirmation and payment [1] Group 2: Future Developments - The general manager of 1688's cross-border division indicated that while AoXia will eventually charge for its services, the initial focus is on helping merchants utilize the tool rather than generating profit [1] - Future iterations of AoXia will include multi-language support, cross-platform data integration, and fulfillment collaboration, as well as a comprehensive service system that offers export compliance advice to help merchants avoid issues related to incomplete qualifications [1] Group 3: Additional Features - AoXia will introduce a "smart business management" feature to assist merchants in optimizing their best-selling products and profit structures [2] - The platform will also launch a "standalone site building" feature, enabling factories to quickly establish overseas official websites [2]

Core Insights - Alibaba's 1688 platform has launched a cross-border e-commerce AI tool named "Ao Xia," aimed at connecting small and medium-sized businesses with quality factories and streamlining the supply chain process [1][2] Group 1: Product Overview - "Ao Xia" is designed to serve small and medium-sized Chinese businesses, particularly those looking to engage in cross-border trade but lacking in language, information, and operational capabilities [2][3] - The tool integrates AI technologies such as image recognition, link parsing, and natural language interaction to provide a comprehensive digital supply chain solution [3][4] - Users can initiate processes by simply starting a conversation or uploading product images, with AI handling most steps automatically [3][4] Group 2: Market Demand and User Feedback - Prior to its official testing, "Ao Xia" engaged with a group of seed users to gather feedback, confirming a strong market demand for such a tool [2] - The annual cross-border transaction volume on the 1688 platform has exceeded 200 billion yuan, indicating significant market potential [2] Group 3: Technical Architecture and Challenges - The underlying architecture of "Ao Xia" is based on Alibaba's "Tongyi Qianwen" model, customized for various functions such as product selection and content generation [4] - The tool faces challenges in accurately understanding user needs and managing complex data categorization [5] - Training the AI model requires substantial computational resources, and the team is exploring methods to enhance efficiency in model training [5][6] Group 4: Future Developments - The company aims to evolve "Ao Xia" into a comprehensive end-to-end business intelligence system, focusing on overseas markets where technical conditions are more favorable [6] - Future plans include introducing a "standalone website building" feature to assist factories in creating their own overseas websites [6]

Core Viewpoint - The adjustment of the Hong Kong Stock Connect list, including the removal of HuTongDa Network, primarily impacts short-term liquidity rather than the company's fundamental performance [1][2]. Group 1: Company Performance - HuTongDa Network's net profit for the first half of 2025 reached 139 million yuan, a year-on-year increase of 10.8%, with a gross margin improvement from 3.5% to 4.6% [1]. - The company has over 7.8 billion yuan in cash and financial investments as of June 30 [1]. - The removal from the Hong Kong Stock Connect is attributed to liquidity issues rather than a decline in the company's fundamentals [1]. Group 2: Market and Policy Context - The removal from the Hong Kong Stock Connect is linked to HuTongDa's current market capitalization not meeting the required standards, but the company is actively pursuing a "full circulation" process to enhance its market value [2]. - The conversion of 350 million domestic shares to H-shares is expected to increase the H-share circulation ratio from 32.04% to 94.21%, significantly boosting the company's market capitalization [2]. - The full circulation initiative is part of a broader trend initiated by the China Securities Regulatory Commission to enhance market participation and liquidity for eligible companies [2][4]. Group 3: Strategic Initiatives - HuTongDa is focusing on optimizing its capital structure and enhancing liquidity through the full circulation process, which is anticipated to attract more passive index funds and international investors [2][4]. - The company is undergoing a strategic transformation to improve profitability by reducing low-margin businesses and enhancing its product matrix through partnerships and self-branded products [4]. - Self-branded product revenue surged by 490% year-on-year, exceeding 80 million yuan, with a gross margin over 25% [4]. Group 4: AI Integration and Growth - HuTongDa is leveraging AI technology to enhance operational efficiency, with AI-related revenue accounting for over 20% of total service revenue in the first half of 2025 [5]. - The company has implemented over 24 AI applications to improve supply chain and store management efficiency, resulting in a 30% increase in retail store operational efficiency [5]. - The collaboration with Alibaba Cloud for comprehensive AI solutions positions HuTongDa at the forefront of industry innovation [5]. Group 5: Future Outlook - The full circulation process is expected to resolve current liquidity constraints and facilitate HuTongDa's return to the Hong Kong Stock Connect, attracting quality investors [6]. - The synergy between improved capital structure, business growth, and AI advancements is anticipated to lead to a revaluation of the company's market value [6]. - HuTongDa's experience may serve as a reference for other Hong Kong enterprises seeking to leverage reform benefits for high-quality development [6].