中国商报（记者 冉隆楠）12月18日，由中国商报社联合中国商界杂志社、中国商人杂志社、中国收藏杂志社、中国烹饪杂志社、中国经贸杂志社共同举办 的第十二届中国商业创新大会暨推动中国商业进程四十年活动在京顺利召开。活动汇集来自政府、行业协会、学界、媒体、企业等各领域的领导、专家及代 表，共同深入剖析商业创新的前沿趋势与策略，共同探索商业创新的无限可能。 新质生产力引领商业生态升级 2025年是"十四五"规划收官之年、"十五五"规划谋篇布局之年，也是进一步全面深化改革、推动中国式现代化行稳致远的关键一年。 "当前，中国式现代化建设全面推进，商业作为连接生产与消费的关键环节，肩负着畅通经济循环、服务高质量发展的重要使命。"中国商报社党委书记、社 长兼总编辑胡斌为大会致辞时强调，商业兴则经济兴，创新强则产业强。面对新的历史机遇与挑战，唯有以创新破局、以变革赋能，才能在时代浪潮中勇立 潮头。 第十二届中国商业创新大会暨推动中国商业进程四十年活动现场。 中国商报社党委书记、社长兼总编辑胡斌。 中国商业联合会党委书记姜明在致辞中表示，当前，国家正着力推进现代流通体系建设，促进消费扩容提质，"这要求我们商贸流通业不仅要运用新技 ...

据美团介绍，2026年美团卫星店扶持政策的丰富性和覆盖范围将超过今年，措施将包括与优质品牌联合 进行新店型探索，并提供开店基金奖励；进行供应链深度合作保障；提供数据和AI工具运营扶持、流 量和曝光倾斜等。 北京商报讯（记者 郭缤璐）12月18日，北京商报记者了解到，美团宣布2025年已联合1000多个品牌完 成店型创新，共拓建10000家卫星店进社区，累计服务消费者上亿人次，满足消费者日常用餐"不排队、 高品质、配送近、亮后厨"的新需求。美团卫星店业务负责人赵一博表示，餐饮市场正发生非常深刻的 变化，在总结今年万店运营经验的基础上，美团明年将联合更多品牌进行店型创新升级，帮助商家适应 餐饮市场新需求，进一步扩容扶持政策。 经过2025年的品牌联合创新，美团卫星店已涵盖所有中式正餐、西餐、火锅等餐饮品类，其中不乏四川 饭店、西安饮食集团等中华老字号，以及眉州东坡等传统中餐品牌。海底捞推出子品牌"下饭火锅菜"， 开出1400多家卫星店。木屋烧烤通过50平方米社区店、街边店，适配夜宵、简餐需求，平均回本周期仅 6个月。 ...

Core Viewpoint - Banu Maodu Hotpot is making a renewed attempt to go public on the Hong Kong Stock Exchange after its initial application was invalidated in June 2025, amidst a backdrop of significant competition in the hotpot industry and recent controversies surrounding its brand image [1][11]. Group 1: Financial Performance - For the first three quarters of 2025, Banu Maodu Hotpot reported revenue of 2.078 billion yuan, a year-on-year increase of 24.5%, and an adjusted net profit of 236 million yuan, reflecting a substantial growth of over 80% [3]. - The operating profit margin for its stores improved from 15.2% in 2022 to 24.3% in the first three quarters of 2025, significantly exceeding the industry average [3]. - The company plans to open 22 new stores in 18 cities in December 2025, bringing its total number of direct-operated stores close to 170 [4]. Group 2: Business Strategy - Banu Maodu Hotpot emphasizes "productism," focusing on high-quality ingredients, particularly its signature "maodu + mushroom soup" combination, which constitutes nearly 50% of its total sales [6]. - The company has established a robust supply chain with a "central kitchen + cold chain logistics" system, ensuring the stability of ingredient quality, which supports its high-quality positioning [6]. - The restaurant maintains a table turnover rate of 3.6 times per day and a same-store sales growth rate of 4.3%, indicating improved single-store profitability and operational efficiency [4]. Group 3: Market Competition - The theft of opening advertisements for the new store in Lianyungang highlights the intense competition within the restaurant industry, particularly in the hotpot sector [7]. - Despite being the third-largest brand in China's hotpot market in 2024, Banu faces challenges from established competitors like Haidilao and Xiaobai Xiaobai, which continue to dominate market share and consumer perception [9]. - The overall market is experiencing a decline in average consumer spending, with per capita consumption dropping from around 90 yuan in 2023 to 60-65 yuan in 2024, putting pressure on Banu's premium pricing strategy [7]. Group 4: IPO Challenges - While Banu Maodu Hotpot holds a certain market position in the quality hotpot sector, it faces significant challenges regarding compliance and brand image ahead of its IPO [11]. - Controversial actions, such as distributing 70 million yuan in cash dividends to shareholders shortly before the IPO, have raised concerns about the company's motives, especially given its need for capital expansion [12]. - Previous incidents involving substandard products and misleading marketing claims have undermined consumer trust in its "productism" approach, posing additional hurdles for the IPO [12].

12月18日，北京培育建设国际消费中心城市工作成效和亮点新闻发布会上，北京市商务局党组成员、副 局长卢慧玲介绍，在北京消费版图上，商品消费持续焕新升级。北京市持续释放首发经济潜能，2019年 以来累计吸引超5000家首店落地，培育三里屯太古里等12个全球首发中心。 同时，北京市拥有境外旅客购物离境退税商店近1600家，即买即退商店24家，在全国首创"全城退税， 多点通办"模式，在国贸商城等区域设立6个集中退付点。 在品牌培育方面，国际风范与京韵文化交相辉映。国际品牌集聚度稳居全国前列，累计认定老佛爷、星 巴克等26家消费类跨国公司地区总部。2026北京时装周联动隆福寺、古北水镇等标志性场地，汇集300 余个全球品牌，打造超150场线下时尚盛宴。本土品牌同样繁荣，北京市拥有老字号总数274家，其中中 华老字号137家。 在美食消费领域，截至目前，北京市已建成24条特色餐饮聚集街区，累计打造31条"深夜食堂"特色街 区。在此期间，北京创新推出"京彩四季"北京城市消费活动主题品牌,打造了北京国际美食荟等系列品 牌活动，每年带动市场主体开展千余项促消费活动。 截至2025年11月底，全市已建成一刻钟便民生活圈850个 ...

后台有人发私信说自己刚拿了大厂的N+2，手里握着大几十万补偿，觉得打工没意思了，想加盟个奶茶店当老板，问我怎么看。 "你要是实在想做慈善，直接转账吧，别遭那个罪了。" 开奶茶店？ 图｜来源网络 02 为什么我劝你别动？ 因为你眼里的"生意"，在镰刀眼里，是一场精心编排的"杀猪盘"。 餐饮圈有一类公司，叫"快招公司"。 他们不生产奶茶，他们只生产"做梦素材"。 你以为你去考察的是门店？ 不，你去的是横店影视城。 你在CBD看到的那家排队排到大街上的网红店，那是他们花钱雇的"气氛组"。 01 在2025年，这不叫创业。 这叫中产阶级的大型自杀现场。 真的，上一秒我还在心疼他中年失业，下一秒我觉得他这也是凭实力遭劫。 这哪里是通往财富自由？ 这是通往负债自由。 别不信。 图｜来源网络 你问为什么？他说这是"品牌溢价，保证调性"。 图｜来源网络 队伍里这50个人，49个是领了50块钱劳务费的群演，剩下1个就是"大冤种"。 这不叫人气，这叫"钓鱼打窝"。 等你上了钩，招商经理会给你一张Excel表，上面写着：单杯成本3块，售价18块，毛利80%，3个月回本，半年买车，一年买房。 牛顿看了都要从棺材里跳出来给你鼓掌。 因 ...

来北京路赶文明 大集！文明集市 促消费系列活动 将于12月19日开 市_南方+_南方 plus 岁末将至，年味 渐浓。当千年广 府商街遇上岭南 乡村风情，一场 融汇传统非遗、 城乡优品、匠心 技艺、文旅推介 的文明集市即将 盛大开市，让市 民游客"逛一条 街，买足全省特 色" 。 12月19日至28 日，文明集市促 消费系列活动将 在广州市北京路 商圈举办，其中 启动仪式定于19 日在天河城南广 场举办。系列活 动通过文旅推 介、地市展销、 快闪展演等形 式，围绕展现广 东文明乡风、呈 现"百千万工 程"新成效和促 消费、链市场三 大核心，既是落 实全省推动消费 回稳向好工作总 体安排、农文旅 融合发展工作专 题会议精神的重 要举措，也 是"粤享暖冬 乐 游广东"消费季 活动之一。整个 活动将充分发挥 文明集市接地 气、聚人气、添 活力的优势，为 市民游客们带来 全新的消费体 验，努力打造多 元化消费场景的 新名片、农文旅 商融合发展的新 模式、展示"百 千万工程"发展 成效的新窗口。 一场促消费、链 市场的集市 促消费是本次活 动的核心目标。 启动仪式当天， 来自参展县域的 乡村主播将齐聚 北京路，以"一 ...

Core Viewpoint - The recent focus on pre-prepared meals in China has prompted significant actions from both the government and restaurant brands to enhance transparency regarding food ingredients and preparation processes [1][4]. Group 1: Company Initiatives - Chain restaurant brand Tai Er has launched a full menu transparency classification system, categorizing dishes based on the freshness of ingredients [1]. - Tai Er's transparent menu divides dishes into four categories, with A class representing the freshest ingredients, including live fish and fresh vegetables, while B, C, and D classes indicate varying levels of processing [3]. - Fast food brand Lao Xiang Ji has implemented a similar system with a "three-color label" to indicate the processing level of dishes, enhancing consumer awareness [4]. Group 2: Industry Trends - The food industry analyst Zhu Danpeng emphasizes the need for a balance between taste and industrialization, as well as the importance of establishing national standards for pre-prepared meals [3]. - The State Council's Food Safety Office has recognized the growing public concern over pre-prepared meals and is working with various departments to expedite the formulation of national standards [4]. - The push for transparency in the restaurant industry is driven by consumer demand for fresh ingredients and visible processes, alongside regulatory pressures [4].

在中国市场，外资餐饮品牌正在经历一场悄然却深刻的角色转换。 从财务角度看，这并不是一次"低价甩卖"。星巴克内部预计，中国业务在未来十多年内的整体价值（含特许权使用费）有望超过130亿美元。 真正的变化在于角色定位—— 星巴克不再坚持"我来管"，而是选择"你来跑，我来收授权费"。 在今天的中国咖啡市场，这种转变几乎是被逼出来的。 有一种说法：外资总部的"远程管理"，在中国已经失效。 星巴克、汉堡王、达能、通用磨坊……这些曾经依靠品牌溢价和规模优势横扫中国一二线城市的西方消费巨头，正在不约而同地做一件事：把中 国业务的控股权，卖给本土私募基金。 这并非简单的"资产腾挪"，而是一场关于谁真正理解中国消费者、谁能在中国跑得更快的权力转移。 一、星巴克为什么愿意"退居二股东"？ 12月，据知情人士透露，星巴克正计划以约40亿美元估值，将其中国业务60%的股权出售给博裕资本（Boyu Capital），自己保留40%股权和核心 品牌授权权利。 第二，他们更懂"关系型经营"。 在中国，餐饮不是只有"选址模型"，还有： 瑞幸在门店数和销售额上已全面超越星巴克 本土品牌在价格、上新速度、数字化运营上全面压制 总部在西雅图的决策 ...

Consumption - In October 2025, the total retail sales of consumer goods reached 46,291 billion yuan, with a year-on-year growth of 2.9%, down 0.1 percentage points from the previous value of 3%[12] - Sales of "two new" products and real estate-related consumption declined, with automotive sales down 6.6% and home appliances down 14.6% year-on-year[12] - Service consumption showed strong performance, driven by the Mid-Autumn Festival and National Day holidays, with food-related items growing by 8% year-on-year[13] Investment - Fixed asset investment continued to face pressure, with a year-on-year decline of 11.2% in October, worsening from a previous decline of 6.8%[22] - Real estate development investment fell by 23.2% year-on-year in October, while manufacturing and infrastructure investments also saw declines of 6.7% and 12.1%, respectively[22] - Excluding real estate, project investment showed a cumulative growth of 1.7%, indicating that real estate investment dragged down overall investment by approximately 3 percentage points[22] Trade - In October, exports fell sharply with a year-on-year decline of 1.1%, a drop of 9.4 percentage points from the previous value of 8.3%[37] - Exports to the U.S. improved slightly, with a year-on-year growth of -25.2%, while exports to the EU and Africa saw significant declines of 13.3% and 46.0%, respectively[38] - The electronics sector maintained high growth, with integrated circuits growing by 26.9% year-on-year, while labor-intensive products experienced significant declines[37] Industrial Performance - Industrial value-added growth slowed down, with the PMI index showing a downward trend, indicating a potential seasonal disturbance and tariff volatility[7] - The overall industrial profit growth rate slowed, with financial costs being a significant drag on performance[7] - Despite the slowdown, major industrial indices remained in the expansion zone, reflecting overall market optimism[7] Price Trends - The Consumer Price Index (CPI) turned positive in October, with core CPI continuing to rise, driven by strong food prices and holiday demand[7] - The Producer Price Index (PPI) showed a narrowing decline, with prices in the non-ferrous metals sector increasing significantly[7] - The real estate sector continued to face pressure, with a year-on-year decline in real estate development investment of 14.7% from January to October[7]

首发经济能级领先。朝阳区引进各类首店近2800家，培育泡泡玛特、小仙炖等一批本土品牌，打造10处 全球首发中心。汽车消费规模领跑全市，近年来，累计发放汽车领域专项支持资金1.7亿元，汽车零售 额占全市近40%，新能源汽车零售额年均增速近30%。美食、茶香、咖啡、时尚之城建设成果显著，茶 馆、咖啡馆、米其林餐厅、黑珍珠餐厅数量分别占全市30%、50%、60%和70%，"深夜食堂"特色餐饮 街区扩容至10家。 消费环境系统优化，服务体验迭代升级。张梅表示，合生汇、朝阳大悦城周边交通综合治理成效显著， 商圈、街区品质持续提升。朝阳区在入境消费上更加便利，重点商圈实现外卡POS机全覆盖，蓝色港湾 成为全国首个"入境消费友好型商圈"，国贸商城入选全市首批"即买即退"集中退付点。 北京商报讯（记者 刘卓澜）12月18日，北京培育建设国际消费中心城市工作成效和亮点新闻发布会 上，朝阳区人民政府党组成员、副区长张梅介绍，朝阳区消费市场繁荣活跃、供给丰富多元。近年来， 朝阳区全面实施国际消费中心城市主承载区建设提质升级三年行动计划，加快构建高品质、强供给、全 场景的消费生态环境。 据介绍，在构建"一纵一横一核"消费版图上，朝阳 ...