2025.05. 27 作者 | 第一财经 马一凡 曾获3.2亿元融资、由四名清华"学霸"创立的家居行业"黑马"住范儿，正面临成立近十年来的最大危 机。 近日，北京、上海多名装修业主反映，其选择的整装平台住范儿疑似出现状况，导致家中工地停工。 在多个社交平台的住范儿客户群里，许多客户都声称其装修工程集体停工，已付款却面临烂尾风险。 有住范儿的上海员工称，上海公司的资金链暂时出现问题，是因为被北京总部抽调了资金，去填补其 团购业务窟窿。 本文字数：3259，阅读时长大约5分钟 导读： 第一财经记者走访了住范儿一处线下门店，发现多数员工没有在岗，仅留有值班人员。 26日，多名住范儿员工对外称公司正寻求融资或并购以解决危机，但截至记者发稿，这一消息并未 得到住范儿任何官方层面的证实，记者多次拨打住范儿上海郑姓负责人的电话以及住范儿官方客服电 话，均未能接通。 客户：家中装修工程突然停工 "本来是看了他们的公众号，经常发一些'装修避坑'的指导，我才通过住范儿做家里的装修，就图一个 省心，没想到反而踩坑了！"5月25日，正在做住房装修的钟欣对第一财经记者表示。 钟欣告诉记者，他是"住范儿"公众号的粉丝，因为家中要装修而 ...

关于港股后市 港股仓位已成为许多A股基金经理获取业绩排名的关键。今年以来，无论是传统板块还是新技术、新消 费领域，港股展现出了强劲的上涨趋势，不少A股基金经理借助所管理的港股基金产品显著拉动了基金 业绩排名和口碑。基于港股市场的投资吸引力，多位公募人士判断，新技术、新消费与医药赛道是港股 三大核心主线，考虑到当前港股的资金渠道仍然以南向资金为主，外资对港股市场稍有迟疑，因此港股 市场未来有望继续获得更多海外资金覆盖。 摩根士丹利基金一位人士分析认为，近期全球资本的回流影响估值修复的港股资产，从中长期维度仍面 临着很高的配置价值，虽然也需要关注海外市场的波动与内需驱动的国内环境之间适时的开展再平衡策 略，但考虑到目前国内政策上具备很强的战略定力，港股的白马低估值行业普遍具有很高的左侧布局价 值，前期估值消化明显的影视院线、调味发酵品以及非白酒食品等具有不错的操作价值，而备中长期发 展逻辑的行业如科技成长、高端制造、新消费则值得持续重视。 恒生指数低开0.4%，恒生科技指数跌0.32%。名创优品跌近15%，公司第一季度期内利润为4.17亿元， 较上年同期下降29%。 嘉实港股互联网产业基金经理王贵重判断，港股在今 ...

Financing Overview - A total of 11 financing events occurred in Shanghai this week, with 9 disclosing amounts totaling approximately 1.98 billion yuan [5][8] - The majority of financing events were concentrated in the Pudong New Area and Songjiang District, each with 2 events, while other areas had 1 event each [5] - Angel round financing was the most common, with 5 events, followed by 2 events each in Series B and strategic financing [8] Company Financing Dynamics - Xiangdao Travel announced the completion of over 1.3 billion yuan in Series C financing, aimed at expanding its market presence and enhancing its service offerings [14][15] - Jingyin Pharmaceutical completed nearly 50 million USD in B+ round financing, which will be used to advance its clinical pipeline and product development [16][18] - Pait Fresh Life secured 25 million USD in angel round financing to enhance its supply chain and product innovation in the pet food sector [19][20] - Kaan Chuang Neng completed several million yuan in Pre-A+ round financing, focusing on the development of hydrogen liquefaction systems [21][22] - Qianjue Robotics raised several million yuan in angel round financing to accelerate technology development and product iteration [23][24] - Aokun Technology completed several million yuan in angel round financing, which will be used for aviation measurement and control product development [25][26] - Baiyi Yuan Biotechnology received several million yuan in strategic financing from Kangzhe Pharmaceutical to support product development and market expansion [27][28] Industry Focus - The advanced manufacturing sector saw 3 financing events this week, focusing on aerospace, sensors, and communication technologies [29] - The Shanghai Institute of Microsystem and Information Technology made significant progress in developing high-performance MEMS fast-response mirrors for satellite laser communication [29][30] - Shanghai is committed to enhancing its manufacturing capabilities through policies aimed at supporting enterprise development and achieving high-quality growth in the manufacturing sector [30]

近期，据嘉兴当地美团报道，美团旗下的小象超市已经开启在嘉兴地区的招聘工作，这意味着小象超市即将进驻嘉兴。据悉，其首店可能入驻嘉兴中港 城，且计划今年开设 6 家门店。 此前，包括盒马、叮咚买菜、山姆等知名即时零售/新零售品牌已在嘉兴布局，嘉兴也因此成为集结众多知名新零售品牌的二线城市之一。 新零售品牌齐聚嘉兴 山姆会员商店作为高端会员制仓储式零售商，在全球享有盛誉，其嘉兴首店于今年 3 月 20 日开业，位于长水街道双溪湖超级未来社区，开业后日均客流 量超 2 万，迅速成为嘉兴及周边区域许多家庭周末休闲购物的热门选择，甚至从单纯购物升级为一种生活方式和社交符号。 盒马在嘉兴的布局也较为深入，虽然今年 1 月 17 日嘉兴地区所有盒马自提门店关闭，但目前在嘉兴市区仍有 4 家门店。盒马以其独特的生鲜供应链和线 上线下融合的新零售模式，吸引了大量追求品质生活和便捷购物体验的消费者。 而叮咚买菜则早在 2019 年 5 月 20 日就已在嘉兴进行布局，凭借密集布局的前置仓，实现了快速配送，满足了嘉兴市消费者对生鲜食材即时性的需求。 图为小象超市首店入驻的嘉兴中港城 如今，小象超市的入驻，更是让嘉兴的即时零售/新零售 ...

Group 1 - The core viewpoint emphasizes low-cost entrepreneurship in agriculture and rural revitalization, advocating for light asset, low investment, and low operation innovation as a viable path for success [2] - The article recommends 100 low-cost entrepreneurial projects, particularly in the fields of specialty planting, agricultural processing, agricultural services, rural e-commerce, and leisure agriculture [2][4] - The article highlights the importance of finding sales channels before starting an agricultural venture, stating that over 80% of agricultural startups are based on farming projects that require quick and effective sales of products [8] Group 2 - In the ecological agriculture sector, the investment estimate ranges from 30,000 to 50,000 yuan, with a profit margin of 30%-50% and an annual return rate exceeding 40% [3] - The ecological breeding industry requires an investment of 10,000 to 20,000 yuan, with a profit margin of 30% for meat chickens and 50% for eggs [3] - The courtyard economy requires an investment of 5,000 to 10,000 yuan, with a gross profit margin of 60%-70% [3] Group 3 - The food processing industry requires an investment of 80,000 to 100,000 yuan, with a profit margin of 45% [5] - The traditional craft sector requires an investment of 20,000 to 30,000 yuan, with a gross profit margin of 70% [5] - The agricultural service sector requires an investment of 50,000 to 80,000 yuan, with a profit margin of 55% [5] Group 4 - The article advises against borrowing money for entrepreneurship, emphasizing that debt can lead to failure in agricultural ventures [9][11] - It suggests starting small and validating ideas with personal funds before scaling up [12] - The importance of seeking advice and learning from others in the entrepreneurial journey is highlighted, encouraging participation in relevant circles for feedback [15]

以下文章来源于雪豹财经社 ，作者高越 雪豹财经社 . faster , deeper and wiser 盒马创始人侯毅花9年没能完成的目标，新任CEO严筱磊用9个月时间实现了。 卖身危机被化解的盒马，准备大干一场。 一家公司的成长历程往往呈现扩张探索与资源聚焦的交替循环，松开拳头是寻找新的方向，当明确了下 一阶段的业务重点时，就会握紧拳头。 如今的盒马，到了重新握紧拳头的时刻。 严筱磊上任后，盒马只聚焦于盒马鲜生和盒马NB两种店型，其他店型都进行了精简和调整。 去年一年，盒马新开门店有三分之一开在二三线城市和县城，很多新店成了当地的"排队王"。 今年盒马计划再开100家店，但在低线市场，它将面临与多个新零售品牌的竞争。 2024年最后一天，盒马在一封全员信中披露，公司连续9个月整体盈利，且增长幅度达双位数，顾客数 量增长超50%。 图片来源：小红书@annezang 从去年3月前的上市计划搁浅、被传卖身，到今年以来大刀阔斧地开店，短短一年间，盒马命运逆转。2 月中旬，马云现身盒马长沙门店，阿里巴巴又在财报业绩会上明确表示，当前没有出售盒马的计划。 图片来源：《2024盒区房报告》 盒马NB则更倾向于对价格更 ...

Core Viewpoint - Lishang Guochao reported a stable financial performance for 2024 and Q1 2025, with a focus on enhancing operational management and strategic adjustments in response to government initiatives aimed at boosting consumption [1][2]. Financial Performance - In 2024, the company achieved total revenue of 666 million yuan and a net profit of 72.55 million yuan, with basic earnings per share of 0.10 yuan [1]. - For Q1 2025, total revenue was 177 million yuan, with a net profit of 58.84 million yuan and basic earnings per share of 0.08 yuan [1]. Business Segments - The professional market management segment generated 419 million yuan in revenue for 2024, with a gross margin of 76.10%, highlighting its critical role in supporting the company's overall performance [2]. - The rental rates for key markets were high, with the Hangzhou market at approximately 96.5% and the Nanjing market at about 95.6% [2]. - In the retail sector, the company reported 123 million yuan in revenue from its retail business, focusing on enhancing operational capabilities and optimizing customer experience through digital means [2]. - The new retail business segment generated revenue of 26.39 million yuan, reflecting the company's efforts to develop a comprehensive supply chain and expand its advertising media business [2]. Industry Context - The Chinese government is promoting consumption through various initiatives, including the "Buy in China" campaign, which aims to enhance domestic demand amid external economic pressures [3]. - Analysts suggest that expanding domestic demand will be a key focus for the market, especially with the implementation of policies aimed at stimulating consumption [3].

Group 1 - The core viewpoint of the article is that the digital retail leader in Chinese universities, "Ainaiye" (Shanghai) Network Technology Co., Ltd., has recently completed a multi-million Pre-C round financing, which will enhance its market positioning and technological integration [2][4]. - Ainaiye was established in 2014 and focuses on digital retail in universities, positioning itself as a "digital campus ecosystem platform" that integrates over 100,000 campus merchants through an S2b2C model, offering solutions in instant retail, smart dining, and career services [3]. - The recent financing will accelerate the deep integration of AI technology with local campus life scenarios, aiming to create a comprehensive digital campus service platform covering five core areas: study, food, creation, entertainment, and career [4]. Group 2 - The founder and CEO of Ainaiye, Sun Shaorui, emphasized that this round of financing will inject momentum into the company's future capital market layout and enhance the efficiency of social resource linkage for students [4]. - Sun Yigong, founder of Tongce Group, highlighted that Ainaiye has built a strong competitive moat in the digital services for universities over the past decade, with unique capabilities in scenario penetration, user stickiness, and commercialization innovation [4]. - Wang Shuai, founder of Shengdai Venture Capital Network, noted that the investment reflects the increasing governmental support for digital economy and innovation in universities, which will aid Ainaiye in accelerating technology development and market expansion [4].

本报讯 （记者李春莲） 近日，中国高校数字化新零售领军企业俺来也（上海）网络科技有限公司（以下简称"俺来也"）宣布完成数千万元Pre-C轮 融资，本轮投资由魔量资本、同策资本及晨光股份等机构资本和数位知名投资人共同投资。目前首期投资款已经到位，全部投 资款项将于近期全部到位。值得关注的是，此次融资后，公司正式启动上市筹备工作，标志着其从校园新零售独角兽向全域数 字化生活服务平台的战略升级。 本轮融资是俺来也继2021年B+轮融资后再次获得头部产业资本加持。魔量资本创始人胡泽民作为移动互联网领域的资深投 资人，曾主导对拼多多、Bilibili等明星项目的早期投资，此次对俺来也的加注，印证了资本市场对校园经济数字化赛道的持续 信心。 同策资本的战略投资更具产业协同深意。其背后同策集团作为上海最大养老社区运营商，已与俺来也达成深度合作——公 司将为同策旗下养老社区提供定制化数字生活服务解决方案，标志着业务场景从高校向社区及社会全渠道延伸，目前已应用覆 盖包括养老社区在内的工厂、医院、社区食堂等多个场景。 晨光文具作为全球最大的文具制造商之一，此次投资不仅在资本上助力俺来也完成现有高校校园业务的复制推广，加速高 校校 ...

以下文章来源于新零售 ，作者未央 新零售 . 中国零售门户网站联商网出品，全面关注新零售、新业态、新门店。 出品 / 联商网 1、在商品力打造方面： 撰文 / 未央 编辑 / 娜娜 近日，联商网独家获悉，盒马于4月24日在杭州阿里巴巴西溪园区召开以"正当时，顶峰见"为主题的《FY26盒马管理大会》(2026财年指2025.4.1- 2026.3.31)，阿里集团高管童文红(花名Judy)参加了会议并发言给予盒马团队肯定和鼓励。 那么，接下来盒马会有什么样的新动作呢？多名接近盒马的相关人士向联商网证实，盒马在新财年会重点在以下三个方面发力： 一是盒马鲜生业态，二是 盒马NB业态，三是组织文化及建设 。 具体如下： 01 盒马鲜生 成为中产用户最信任的品牌之一 对于中产用户而言，他们追求品质生活，注重消费体验，渴望在购物中获得便捷与安心。盒马鲜生的目标，便是在商品领先和数字化提效的核心能力基础 上，全方位提升双端用户体验和效率，成为他们心中最值得信任的品牌之一。 一是盒马鲜生要像一位 生活管家 ，深入了解中产用户的日常需求，从柴米油盐到家居用品，每一款日销商品都经过精心挑选，确保品质可靠、价格合理。 同时，密切关 ...