Core Viewpoint - The meeting held by the Central Cyberspace Administration of China emphasized the importance of implementing the "Negative List for Algorithms in Life Service Platforms (Trial)" to address issues such as algorithm opacity, discrimination, and collusion, while enhancing the positive role of algorithms in improving user experience and operational efficiency [1][2]. Group 1 - The meeting highlighted the significant role of life service platforms in reducing transaction costs, meeting public needs, and creating new job opportunities [2][3]. - Algorithms are identified as a key mechanism for adjusting benefit distribution within platform ecosystems, playing a crucial role in smart supply-demand matching and operational efficiency [2][3]. - The implementation of the "Negative List" aims to effectively resolve existing algorithm-related issues, ensuring that algorithms better serve social welfare [1][2]. Group 2 - The meeting called for a people-centered development approach, focusing on protecting the legal rights of new employment groups and the general public [3]. - Life service platforms are required to establish special working groups led by their main executives to develop actionable plans and timelines for implementing the "Negative List" [3]. - The meeting emphasized the need for platforms to accept supervision and use social satisfaction as a measure of success, with regulatory bodies tasked with monitoring compliance and conducting algorithm inspections [3].

Investment Rating - The report indicates that Grab's risk-reward profile has become more attractive following a significant stock price correction, with a recommendation to consider the investment [4]. Core Insights - The report aligns with the views of CITIC Lyon Research, suggesting that Grab's recent stock price decline has been excessive, and the fundamentals remain strong despite a 15% year-to-date price drop due to macroeconomic concerns and regulatory measures in Indonesia [4][5]. - Grab's total gross merchandise value (GMV) is expected to continue its growth momentum from record levels in 2025, with both ride-hailing and food delivery businesses projected to achieve mid to high double-digit growth [4]. - Concerns regarding the Indonesian government's potential cap on motorcycle commission rates at 10% may be overstated, as Grab's motorcycle business only accounts for approximately 18% of its total GMV [5]. Summary by Sections Company Overview - Grab operates across eight countries with approximately 80,000 square meters of leased office space, offering a wide range of services from ride-hailing to food delivery, financial services, and enterprise solutions [8]. - Nearly 50% of Grab's total GMV comes from food delivery, while ride-hailing and financial services contribute 26% and 25%, respectively [8]. Financial Metrics - As of February 2, 2026, Grab's stock price is $4.41, with a market capitalization of $19.88 billion [9]. - The average daily trading volume over the past three months is $258.99 million, with a market consensus target price of $6.40 [9]. Catalysts - Potential catalysts for Grab's growth include exceeding expectations in total transaction value for food delivery and ride-hailing, higher-than-expected monetization rates, and acquisitions that could enhance profitability [6].

（来源：劳动午报） 转自：劳动午报 本报讯（记者 刘欣欣） 近日，朝阳区2025年基层工会服务站评价结果揭晓，东湖街道总工会服务站获 评A+档第一名。此次成绩的取得来源于该街道总工会在组织建设、阵地搭建、精准服务及权益保障等 方面的扎实深耕。 2025年，东湖街道总工会围绕职工需求，以多元模式深耕服务，全力打造"职工暖心之家"。在组织建设 方面，该街道总工会创新采用"摆摊设点+入户走访+专场服务"模式，全年新建单独基层工会22家，涵 盖美团、泡泡玛特乐园等企业，实现百人以上企业建会率100%。同步优化入会流程，推行"网上入 会""指尖入会"，确保入会申请"日清日结"，让职工"手机点一点，就能找到组织"。 服务阵地建设方面，东湖街道总工会持续发力，39家户外劳动者驿站遍布街头巷尾。该街道总工会还指 导辖区企业建成100家工会驿站，东湖街道工会服务站及区域性职工之家获评全国总工会"最美工会户外 劳动者服务站点"。在这里，职工累了能歇脚、渴了能喝水、雨天能避雨，实实在在的便利让职工真切 感受到"工会服务就在身边"。 去年，东湖街道总工会各类文体与服务活动接连开展，80余场活动惠及职工超5000人次。健身操、亲子 嘉 ...

Group 1 - The core viewpoint of the article emphasizes that the China Railway Group has declared the 12306 platform as the only official ticket sales channel, stating that it has not partnered with any third-party platforms and will enhance its system to combat ticket scalping [2][3] - The China Railway Group's passenger department director, Zhu Wenzhong, highlighted the negative impact of third-party platforms on the stability of the 12306 system and announced plans to optimize the risk control system for effective identification [3] - The railway authority is focusing on four key areas for ticket sales organization: addressing the needs of students, workers, and the elderly; introducing a limited-time free refund policy for erroneous purchases; continuously improving ticket sales strategies; and ensuring the stable operation of the 12306 system [5] Group 2 - The article mentions that the 2026 Spring Festival travel period is expected to see a record 9.5 billion person-times of cross-regional movement, with self-driving travel being the main mode of transport, accounting for about 80% [6] - The article also notes that the total passenger volume for railways and civil aviation is projected to reach 540 million and 95 million respectively during the Spring Festival travel period, with both figures expected to exceed historical peaks [6]

（来源：工人日报） 后厨与厕所相连、调料堆放在卫生间门口、操作人员未穿工作服上岗……近日，河南郑州外卖骑手小李 通过实名举报，协助市场监管部门依法查处了两家隐藏在大学城周边院落内的"幽灵外卖"作坊。 这起案例的快速处置，正是河南探索食品安全社会共治模式的生动缩影，连日来受到了广泛好评。如 今，穿梭在城市街头巷尾的外卖骑手们，正依托"郑骑先锋随手拍"等数字化平台，从单纯的"送餐员"变 身食品安全防线上的"流动哨兵"。 50元奖励激活监督热情 "每天取餐要跑几十家店，哪家卫生不达标、操作不规范，我们一眼就能看穿。"从事外卖配送8年的骑 手王雷彬手持手机，向记者展示"郑骑先锋随手拍"的操作流程：拍摄后厨卫生状况、证照公示情况等照 片，填写门店名称、精准定位后一键提交，整个过程不超过3分钟。 一个月前，郑州市市场监管局联合外卖配送行业党委，正式上线"郑骑先锋"云课堂平台，将线上教育培 训与监督举报功能深度融合。骑手在配送途中发现后厨脏乱、违规操作、预制料包冒充"大厨现炒"等食 品安全隐患，可随时通过平台"随手拍"模块举报，线索经执法人员核实无误后，举报人可获得50元奖 励。 这一机制迅速激发了骑手们的监督热情。"以前 ...

Core Insights - Meituan Waimai has launched a "one-shot" store authenticity verification feature, requiring restaurant merchants to upload unedited videos showcasing their storefront, operating environment, kitchen conditions, and qualifications when joining the platform [1] - This feature is currently being piloted in eight cities and will be expanded nationwide within the year [1] - The initiative aims to enhance the verification of store authenticity and will incorporate consistent license addresses into an intelligent risk management system [1] Group 1 - The requirement for merchants to upload "one-shot" videos is intended to improve the effectiveness of store authenticity verification [1] - Merchants failing to comply with the video upload requirement or submitting fraudulent videos will face corresponding penalties from the platform [1] - The National Market Supervision Administration has implemented basic requirements for food delivery platform services, addressing the issue of "ghost restaurants" by mandating that merchants provide location-tagged "one-shot" videos [1] Group 2 - The platform's pilot practices in cities like Jinhua and Yinchuan revealed that most discrepancies between video documentation and store information were due to offline license updates not being synchronized with the platform [1] - Over 80% of merchants rectified issues promptly after receiving notifications, with others undergoing special governance [1] - As of December 2025, 400,000 merchants have adopted the "Mingchu Liangzao" feature, with more than half of them consistently broadcasting [1]

Core Viewpoint - Meituan Waimai has introduced a "one-shot" video verification feature for new restaurant merchants to enhance the authenticity of store operations and prevent "ghost restaurants" [1][2]. Group 1: Implementation of "One-Shot" Video Verification - New restaurant merchants must upload a continuous, unedited video showcasing the storefront, operating environment, kitchen conditions, and qualifications [1][2]. - The "one-shot" verification feature is currently being piloted in eight cities, including Jinhua, Yinchuan, Qingdao, Harbin, and Guiyang, and will be gradually rolled out nationwide within the year [1][2]. Group 2: Regulatory Context - The national standard for food delivery platforms, titled "Basic Requirements for Food Delivery Platform Service Management," was released on December 4, 2025, addressing the issue of "ghost restaurants" [1][2]. - The standard mandates that merchants provide a "one-shot" video with store location, and platforms must verify the consistency of location information with merchant licenses [1][2]. Group 3: Food Safety Measures - Meituan Waimai is enhancing its food safety measures through multiple stages: - Pre-emptive measures include stricter qualification reviews to intercept and handle non-compliant merchants using OCR recognition, system verification, "one-shot" videos, and offline verification [1][2]. - During operations, AI inspections combined with regular offline checks are employed to improve risk identification capabilities [1][2]. - Post-operation, a mechanism for publicizing non-compliant merchants is established, with regular handling and disclosure of violations [1][2].

（来源：千龙网） 人才的集聚与使用效率，决定了一座城市的发展高度。北京经济继续保持了稳中有进的态势：2025年地 区生产总值达5.2万亿元，规模超越众多中等发达国家。这座城市的经济增长，已经愈发由技术、知识 和高附加值产业驱动，而非依赖传统规模扩张。 2026年初，北京举办了开年时的人工智能第一会，北京市发改委相关负责人告诉新京报记者，"我们希 望北京是一个最容易成功的城市"。正在召开的北京两会上，多位代表委员从营商环境、人才政策支持 等各个方面，谈北京怎样让年轻人有获得感，怎样帮助年轻人在创业、就业、生活等方面更容易成功。 与此同时，针对当下存在的问题，纷纷提出了解决办法。 新就业人群 设定安全工时与强度红线 平台应建立风险共担基金 北京市网约车司机、外卖骑手等新就业形态劳动者，总体规模约300万人，构成了北京市劳动力市场的 重要组成部分。然而，该群体中不少人仍游离于传统社会保障体系之外。 北京市政协委员、中国劳动关系学院国际交流合作处（港澳台办公室）处长许艳丽提出，对日均工时超 8小时、收入依赖单一平台的新就业形态劳动者，可以用制度约束平台承担雇主责任，缴纳全额社保。 对兼职劳动者，设立"分层保障"制度， ...

Core Viewpoint - The introduction of the "Zhengqi Pioneer Snap Reporting" platform by the Zhengzhou Municipal Market Supervision Bureau aims to combat "ghost deliveries" by encouraging food delivery riders to report such incidents, highlighting a significant regulatory move in the industry [1] Group 1: Regulatory Changes - The State Administration for Market Regulation has implemented the "Basic Requirements for the Management of Delivery Platform Services," addressing key industry pain points [1] - Merchants are now required to provide a "one-shot video with store location" for registration, ensuring transparency and authenticity [1] - Delivery platforms must verify the consistency of location, business licenses, and actual addresses to prevent false registrations [1]

Core Viewpoint - Vietnam's rapid rise is encapsulated in four key terms: Streamlining, Openness, Private Sector, and Infrastructure, which explain the underlying factors behind its 10% economic growth target [3][17]. Economic Growth Data - Vietnam's GDP growth rate is projected to reach 8.02% in 2025, marking the second-highest growth in 15 years and the highest in Asia [4]. - The country's economic size has expanded from $4.5 billion in 1986 to $510 billion by 2025, a growth of 113 times [8]. - In comparison, China's GDP grew 82 times over the same period, indicating that Vietnam's wealth accumulation rate is 1.4 times faster than China's during similar reform durations [9]. Political and Economic Reforms - The recent Communist Party Congress resulted in a significant leadership change, with nearly half of the senior officials being replaced, many of whom have studied in China [7]. - The government has streamlined its administrative structure, reducing the number of ministries and agencies, and has dissolved the State Capital Investment Corporation, which previously managed 19 large state-owned enterprises [17]. - Vietnam's commitment to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has led to substantial reforms in state-owned enterprises, requiring them to operate under competitive market conditions without implicit subsidies [18][20]. Private Sector and Investment - The private sector is expected to contribute 51% of GDP and absorb 82% of the labor force by 2025, marking a significant shift in Vietnam's economic strategy [20]. - Fixed asset investment is projected to reach $189 billion in 2025, accounting for over 33% of GDP, with 250 large infrastructure projects contributing significantly to economic growth [21]. - Private and foreign direct investment constitutes 63% of these infrastructure investments, highlighting the financial pressures faced by the government [23]. Export and Trade - Vietnam's export volume is expected to grow by 17% in 2025, with exports accounting for 83% of GDP, emphasizing the importance of a stable external environment for economic development [24]. Diplomatic Strategy - Vietnam's "bamboo diplomacy" emphasizes a flexible and multi-layered approach to international relations, maintaining strategic partnerships with major powers including China and the U.S. [27]. - The country benefits from U.S. initiatives aimed at diversifying supply chains, while also navigating the complexities of U.S.-China relations [28]. Economic Risks - Vietnam's economy remains heavily reliant on exports, with significant uncertainties stemming from external factors, particularly during the Trump administration [30]. - Rapid increases in real estate prices and speculative investments pose risks, with property prices rising by 59% over the past five years [31]. - A declining birth rate and changing labor market dynamics are leading to challenges in workforce availability, as young people increasingly prefer service sector jobs over traditional manufacturing roles [33].