| PDD 拼多多 | | | | --- | --- | --- | | 105.790↑+0.790 +0.75% | | 收盘价 12/18 16:00 美东 | | 109.750 + 3.960 +3.74% | | 盘前价 12/19 04:09 美东 | | 三 24 华 S 9 日 ♥ 白选 | | ● 快捷交易 | | 最高价 106.960 | 开盘价 106.480 | 成交量 676.29万 | | 最低价 105.330 | 昨收价 105.000 | 成交额 7.18亿 | | 平均价 106.105 | 市盈率 TM 10.81 | 总市值 1501.84亿(m) | | 振 幅 1.55% | 市密率(静) 9.80 | 总股本 14.2亿 | | 换手率 0.87% | 市净率 2.701 | 流通值 819.97亿 | | 52周景高 139.410 | 委 比 33.33% | 流通股 7.75亿 | | 52周最低 87.110 | 量 比 0.62 | 包 手 1股 | | 历史最高 212.597 | 股息TTM -- | | | 历史最低 16.530 | 股息率 ...

人民财讯12月19日电，12月19日，拼多多集团年度股东大会宣布升级治理架构，实行联席董事长制度。 经董事会批准，赵佳臻获任联席董事长，与陈磊共同担任联席董事长兼联席CEO。会上，拼多多还宣布 了两项高管任命，王密出任集团工程高级副总裁，李炯出任集团财务总监。王密此前担任拼多多集团研 发副总裁，曾在腾讯、甲骨文任职；李炯拥有丰富财务从业经验，加入拼多多前任职于毕马威。 转自：证券时报 ...

Core Viewpoint - Pinduoduo Group announced the implementation of a co-chairman system during its annual shareholder meeting, appointing Zhao Jiazhen as co-chairman alongside Chen Lei, with a strategic focus on the Chinese supply chain for future business development [1] Group 1 - The company celebrated its tenth anniversary, highlighting significant accumulation in business, technology, and services, with operations reaching most countries globally [1] - The next phase of the company's strategy will be more focused, with a commitment to high-quality development and a complete overhaul of the platform to enhance the value of its ecosystem [1] - Zhao Jiazhen noted that Temu has achieved remarkable scale at a surprising speed, driven by the benefits of the Chinese supply chain industry, presenting new opportunities for both Pinduoduo and Temu [1] Group 2 - The company plans to concentrate its resources on upgrading and reconstructing the supply chain, aiming for an overall upgrade in supply chain operational models [1] - The direction of high quality and branding will be prioritized, with expectations to recreate another Pinduoduo in the next three years [1]

自2021年陈磊接棒公司董事长、2023年公司设置联席CEO以来，拼多多持续完善联席治理机制，以更好 适应日益发展的业务需要。赵佳臻表示，过去几年，Temu以让我们自己也惊讶的速度达到了相当的规 模，这是中国供应链产业红利带来的关键一跃，也为国内供应链的发展，为拼多多和Temu下阶段的再 造带来了新的契机。公司将紧抓高质量发展这个关键，接下来三年重投中国供应链，全力推动供应链高 质量发展和品牌化，争取再一次跨越，再造一个拼多多。 12月19日，拼多多集团(PDD.US)年度股东大会宣布升级治理架构，实行联席董事长制度。经董事会批 准，赵佳臻获任联席董事长，与陈磊共同担任联席董事长兼联席CEO。 ...

Group 1 - The Ministry of Commerce is implementing the spirit of the 20th Central Committee's Fourth Plenary Session and the Central Economic Work Conference, emphasizing the positive role of e-commerce in boosting consumption, driving innovation, and promoting international economic cooperation [1] - Online retail in China saw a growth of 9.1% from January to November, with significant increases in digital products, smart wearables, and online service consumption, which grew by 8.2%, 22.1%, and 21.7% respectively [1] - The express delivery business volume in China exceeded 180 billion pieces by November 30, setting a historical record [1] Group 2 - E-commerce platforms are enhancing innovation and driving transformation, with nearly 450 industry e-commerce events held to support the digital transformation of small and medium-sized enterprises in agriculture and industry [2] - Rural online retail grew by 9.8% from January to November, with textile and pharmaceutical transaction volumes increasing by 6.6% and 3.5% respectively [2] - Major e-commerce platforms achieved an average R&D intensity of 8.3% in the first three quarters, leading in AI cloud and self-developed models [2] Group 3 - The "Silk Road Cloud Products" e-commerce month event has significantly boosted sales of products from countries like Australia, Uzbekistan, and Indonesia, with sales increasing over tenfold [2] - The retail sales of imported goods on key monitored platforms grew by 5.6% from January to November, enhancing the connectivity between domestic and international markets [2] - Capacity-building initiatives have been conducted in Thailand and Laos, with over 150 representatives from government, industry, and SMEs participating, contributing to the construction of a community of shared destiny [2]

过去十余年间，东南亚电商市场规模从40亿美元迅猛增长至1840亿美元。然而，仅凭补贴换取市场份额 的粗放模式逐渐触及天花板，竞争核心转向用户留存、体验优化与运营效率提升。市场格局趋于稳定， 形成Shopee、Lazada与TikTok Shop"三足鼎立"之势，同质化流量竞争陷入僵局。与此同时，东南亚互联 网普及率已突破70%，规模庞大、追求品质与服务的年轻中产消费群体正在崛起，市场的分化与成熟为 Lazada锻造内部"造血"能力提供了清晰的时代契机与战略窗口。 Lazada的发展路径，是聚焦"品牌化"与"品质化"的差异化战略。2025年，Lazada与天猫启动"一键轻出 海"项目，革新品牌出海模式：天猫品牌商家能以极低边际成本，将成熟的店铺、商品与运营能力快速 复刻至Lazada平台，极大缓解了品牌出海初始投入高与本地化不确定性两大核心痛点。战略成效迅速显 现，Lazada平台汇聚了丰富的品质商品，精准触达对品质有更高要求的客群。在今年"双11"期间，其线 上品牌商城LazMall成为增长核心驱动力，销售额增长达11倍，平均订单价值增长141%。 Lazada的发展历程，验证了在陷入低价竞争循环的新兴市场中 ...

Core Insights - The summit hosted by Yandex Market in Shenzhen marks a significant milestone for Russian e-commerce, emphasizing the platform's commitment to the Chinese market and the broader implications of the visa-free policy for Chinese citizens entering Russia [1][3] Group 1: Yandex Market's Performance and Strategy - Yandex Market has experienced over 500% growth in the past five years, positioning itself among the top two e-commerce platforms in Europe [5] - The platform's GMV for the first three quarters reached 867.6 billion rubles, with a full-year forecast of 1.4 trillion rubles and over 20.5 million active users [5] - The number of active cross-border sellers on the platform exceeds 12,000, with an average order value of 8,100 rubles and a year-on-year order growth of 450% [5] Group 2: Future Developments and Innovations - By 2026, Yandex Market plans to enhance its FBP warehouse capabilities, reducing delivery times to 7-13 days and cutting shipping costs by 50% [5] - The platform will deploy 20,000 delivery robots and utilize AI algorithms to improve operational efficiency [5] - Collaborations with payment platforms like LianLian will be established to reduce transaction fees by up to 60% [7] Group 3: Market Insights and Seller Strategies - The platform's category structure reveals that 36% of sales come from 3C products, 14% from home appliances, and 10% from furniture and home goods [7] - Successful sellers shared strategies such as using RMB and USD pricing to mitigate exchange rate fluctuations and focusing on data-driven product selection [9] - Insights from industry experts suggest that the Russian market presents unique opportunities, with a focus on quality-price ratio rather than just volume [10] Group 4: Broader Implications for Sino-Russian Trade - The summit highlighted the strategic importance of e-commerce in Sino-Russian trade, with Yandex Market acting as a cornerstone for facilitating cross-border transactions [3][10] - The platform aims to recruit 30,000 Chinese sellers by 2026, indicating the growing significance of the Chinese market in Yandex Market's future plans [10]

临近年底，亚马逊的规则调整及合规审查也愈发频繁，一波又一波的新规定、新战略都在行业内引起热议。 最后冲刺时段，卖家也要关注相应动态调整及合规要求，重点关注这些变化并快速适配，避免对账户和ASIN销售权限产生影响。 那么，近期亚马逊有哪些新规调整和合规事项需要卖家重点关注的呢？一起来看看并尽快应对。 一、大批非玩具卖家突遭误判下架 近期，大批卖家遭遇了链接被系统误判为儿童玩具类目，要求在2026年2月25日前提供与儿童玩具相关的合规性文件，否则将面临移除下架、被停售的风 险。 若Listing图片包含儿童形象，或文案中出现儿童相关等词汇均可能触发系统判定。部分产品因儿童可使用或视觉吸引儿童，也被纳入误判。若同类竞品被 归入Toy&Games类目，也可能被关联触发误判。 卖家需尽快自查整改可能暗示儿童使用的图片和文字描述。目前已有卖家陆续通过申诉恢复了listing。而这也透露出亚马逊对"儿童合规"的红线正在收 紧。 二、亚马逊将终止"共享库存"模式 亚马逊近日发布公告，宣布自2026年3月底终止FBA混仓模式，长期沿用的"共享库存"功能将正式终止！并更新制造商条码使用标准。 此次调整将结束不同卖家同款商品混仓发 ...

选品时，入得了年轻人眼的棉拖鞋到底是哪样儿的？上架时，怎样描述产品更能聚焦搜索关键词？什么样的图片更容易引流？推流中，报什么活动？什么 时候投入最划算？报多大力度的活动投产更高？…… AI的风终于刮到了产业最上游的制造商这里。 淘工厂"星火spark"相当于一个内容专家，智能系统帮助商家优化商品元素表达。 从功能上来看，现阶段拆分的AI商品策划核心帮助商家解决"卖什么能爆"的问题，"星火spark"作为一个市场分析师，综合全网消费趋势，直接将当季最有 潜力的品推在商家面前，代替选品的"直觉赌局"。AI商品要素像一个内容专家，核心帮助商家解决商品上线之后的精准表达、视觉体现等，通过更懂消费 者需求、抓住卖点的商品"还原"来提升商品的曝光、点击和销售转化。 最近，面向产业带厂商主打半托管的淘工厂和淘宝国货严选上线"星火spark"智能系统。该系统主要依据半托管服务模式，把商家们最头疼的运营环节拆 解，分别从AI商品策划、AI商品要素、AI营销投流以及AI服务托管层面，用"星火spark"AI智能系统分别解决"卖什么"、"卖点在哪里"、"怎么卖爆"以 及"客服体验"这四大运营难题。 "如果说，以前搞定这些都需要一个 ...

Core Insights - Ozon Global has launched a strategic initiative to support Chinese sellers in achieving sustainable growth in the Russian and CIS markets by 2026 [1][2] - The platform will allow Chinese sellers to resell returned goods directly from Ozon's warehouses in Russia, addressing a major pain point in cross-border returns [1][2] - Ozon has optimized logistics services for EAEU countries and introduced the "Ozon Alliance Program" to enhance brand promotion on major Russian social media platforms VK and Telegram [1][2] Logistics and Cost Efficiency - Starting from the end of 2025, Chinese sellers will benefit from special discounted rates for orders shipped to Kazakhstan and Belarus, with an expected 40% reduction in overall logistics costs [2] - Ozon's logistics network has expanded to include multiple country sites beyond Russia, now open to Chinese sellers in Kazakhstan, Belarus, Armenia, Kyrgyzstan, Uzbekistan, Azerbaijan, and Georgia [2] Marketing and Seller Support - The "Ozon Alliance Program" will integrate over a million KOL creators and bloggers on VK to help sellers collaborate with local influencers, enhancing brand visibility and driving growth through both on-site and off-site marketing [2][3] - Chinese sellers can also connect with numerous Telegram bloggers through the Ozon Blogger platform, leveraging their influence to attract high-quality, loyal customers [3] Company Overview - Ozon is a multi-category e-commerce platform in Russia with a robust logistics network, currently serving 63 million active users and supporting over 600,000 entrepreneurs in the Russian and CIS markets [3] - Since establishing an office in Shenzhen in 2022, Ozon Global has deepened its collaboration with Chinese sellers and set up fulfillment centers in cities like Shanghai, Horgos, Hangzhou, and Hong Kong to provide comprehensive service support [3]