出品 | 36氪未来消费（微信ID：lslb168） 离你更近的消费创投一线。 整理 | 兰杰 Busy Money 黄金品牌「寶蘭」完成过亿元A轮融资 36氪获悉，专注于花丝镶嵌和古法黄金技艺的高端黄金珠宝品牌"寶蘭"，近日完成过亿元A轮融资。本轮由挑战者创投领投，开云集团和顺为资本跟投。 资金将主要用于品牌价值提升、全渠道布局、供应链韧性升级和核心人才赋能等四大核心战略方向。 "寶蘭"成立于1988年，近四十年来采用中华皇家制金古法，尤其专注于"花丝镶嵌"这一非物质文化遗产的延续与创新。 即时配送企业"江苏云闪送"近日完成3000万融资 近日，智慧配送企业江苏云闪送网络科技有限公司（简称"江苏云闪送"）宣布完成3000万元A轮融资。本轮融资由国内知名创投机构领投，资金将聚焦 智能调度系统升级、全国服务网络拓展及运力生态构建三大方向。 目前，江苏云闪送可以实现全品类覆盖，既为个人提供紧急递送、生活配送等便民服务，也为企业定制数字化配送方案。 AI视频生成产品Pollo AI完成1400万美元融资，由高成资本领投 据《晚点 LatePost》报道，Pollo AI近日完成1400万美元融资，高成资本领投，真格 ...

如今许多风投公司似乎眼中只有人工智能（AI），但奈克萨斯风险投资公司（Nexus Venture Partners） 却在其 7 亿美元新基金的布局上刻意分散重心。 该公司将同时支持人工智能初创企业，并物色聚焦印度市场的初创公司，覆盖消费、金融科技及数字基 础设施领域。 人工智能已吸纳了全球大部分风险资本，这家拥有 20 年历史的风投公司也将人工智能视为具有决定性 意义的技术变革。但该公司认为，扎堆涌入单一过热领域本身存在风险。而印度数字经济恰好能提供平 衡：这一市场正不断扩张，人工智能的应用率持续上升，且机遇类型更为多元。 奈克萨斯风险投资公司美国区另一位管理合伙人阿比舍克・夏尔马（Abhishek Sharma）向 TechCrunch 透露，该公司的核心投资阶段仍集中在企业创立期至种子轮及 A 轮，初始投资金额通常低至几十万美 元，或在 100 万美元左右。 奈克萨斯的投资团队共有 8 名成员，公司最初以 1 亿美元基金起步，自 2023 年推出第七期基金以来， 始终将单只基金规模控制在 7 亿美元。该公司通常每 2.5 至 3 年募集一次资金。巴塔查尔吉表示，第八 期基金维持这一规模的原因在于，公司认 ...

图源：阿里公告截图 公开信息显示，Trendyol GO是土耳其电商巨头Trendyol旗下的即时配送品牌，由阿里旗下Trendyol全资 持有，主打食品、生鲜的分钟级配送服务，2024年全年完成超2亿笔订单，交易额达20亿美元，是土耳 其即时零售市场的核心参与者。 12月4日，阿里巴巴在2026财务年度中期报告中披露，今年5月，阿里订立买卖协议，向全球出行巨头 Uber出售Trendyol GO 85%的股权，以约7亿美元（折合人民币49.49亿元）的现金对价完成交易，出售 事项产生的收益约60亿元，该笔收益已计入2025年上半年投资净收益。此次交易于截至2025年9月30日 的六个月内完成。 阿里巴巴2026财年第二季度财报（自然年2025年第三季度）显示，阿里巴巴营收为2477.95亿元，同比 增长5%。净利润为206.12亿元，同比下滑53%。阿里巴巴即时零售业务收入达到229.06亿元人民币，较 上年同期的143.21亿元增长60%。 招商证券分析称，未来看好阿里巴巴电商主业稳固竞争力、外卖业务成长空间以及云与AI业务长期增 长潜力，预计FY2026-2028年Non-GAAP归母净利润，分别能达到 ...

Core Insights - The article emphasizes the importance of invigorating various business entities as a key indicator of high-quality economic development, aligning with national and provincial policies aimed at enhancing the vitality of the private economy [2][5]. Group 1: Business Environment and Policy - Over the past five years, there has been a continuous improvement in the policy framework supporting the development of the private economy, with the "14th Five-Year Plan" highlighting legal protections for private enterprises [5]. - The financing environment remains a challenge for companies like UU Run, which faces regional disparities compared to first-tier cities, necessitating a focus on refined and specialized development paths [5]. - The government has implemented a series of policies and measures to promote high-quality development in the private sector, encapsulated in a framework referred to as "four beams and eight pillars" [9]. Group 2: Corporate Governance and Management - Establishing a modern enterprise system is crucial for private companies to effectively respond to challenges and seize opportunities, with five key areas identified for improvement: organizational structure, cost management, talent mechanisms, technology decision-making, and social responsibility [6][7]. - UU Run has adopted an innovative mechanism encouraging employee participation in idea generation and project development, which has led to the creation of new operational systems and integration of AI into daily tasks [7]. Group 3: Employee Development and Experience - The introduction of the "Universal Helper" service by UU Run has diversified career development paths for employees, enhancing their income sources and work experiences [8]. - Employees report feeling secure and valued due to the company's support systems, including insurance and transparent income reporting, which fosters a sense of trust and commitment to the platform [8]. Group 4: Digital Economy and Innovation - The digital economy is recognized as a critical force in restructuring resource allocation and economic frameworks, with local companies like UU Run playing a significant role in connecting users and laborers [10]. - The integration of technology and industry innovation is essential for driving economic growth, with a focus on creating an open and collaborative ecosystem to align technological advancements with market needs [10].

Core Viewpoint - Beijing is implementing a "small injury quick compensation" model for gig economy workers, significantly reducing claim processing time and allowing for online reimbursement of medical expenses for minor injuries [1][3]. Group 1: Policy Implementation - The "small injury quick compensation" model targets gig economy workers such as delivery personnel and ride-hailing drivers, allowing for online processing of medical expense reimbursements for minor injuries [1][5]. - The model is designed for injuries that do not require hospitalization and have no long-term impact on the worker's ability to work, such as soft tissue injuries and sprains [5]. Group 2: Coverage and Impact - The occupational injury insurance in Beijing currently covers 21 companies across three industries: transportation, instant delivery, and local freight, benefiting over 1.57 million gig economy workers [3]. - Cases that meet the criteria for "small injury quick compensation" will be prioritized and tracked by dedicated personnel, ensuring efficient processing [3].

Core Insights - The company is increasing investments in user, rider, merchant subsidies, and ecosystem development to consolidate market share amid intensified competition in the instant delivery sector [1] - The company has revised its non-IFRS net profit forecasts for 2025-2027 to -19.9 billion, 32.2 billion, and 54.2 billion yuan, respectively, down from -2.6 billion, 35.8 billion, and 58.8 billion yuan [1] - The company anticipates a return to profitability in 2026 as the competitive landscape stabilizes, with a projected net profit growth rate of 68.4% in 2027 [1] Financial Performance - In Q3 2025, the company's revenue was 95.49 billion yuan, a year-on-year increase of 2.0%, but below Bloomberg's consensus estimate of 97.47 billion yuan [2] - The non-IFRS net loss for Q3 2025 was 16.01 billion yuan, worse than Bloomberg's consensus estimate of a loss of 13.96 billion yuan, primarily due to fierce competition in the food delivery sector [2] - Core business revenue declined by 2.8% year-on-year, with an operating loss of 14.1 billion yuan and an operating loss margin of 20.9% [2] Business Segments - The delivery service revenue fell by 17.1% year-on-year, attributed to increased subsidies and competitive pressures in the food delivery market [2] - New business revenue grew by 15.9% year-on-year, with an operating loss of 1.3 billion yuan, but the loss margin improved by 2.5 percentage points, mainly due to enhanced efficiency in the Hong Kong and Middle Eastern markets [2] - The company plans to pilot its new business, Keeta, in Brazil in late October 2025, expecting to continue significant investments during the initial phase [2]

Core Points - Beijing has launched a "Quick Compensation for Minor Injuries" model aimed at gig economy workers such as delivery personnel and ride-hailing drivers, allowing for online reimbursement of minor medical expenses, significantly reducing claim processing time [1][3][5] Group 1: Implementation of the Model - The "Quick Compensation" model is designed for minor injuries that occur during work, specifically those that do not require hospitalization and have clear documentation, benefiting over 1.57 million gig workers across 21 companies in the delivery and transportation sectors [3][5] - The model simplifies the claims process by reducing the required documentation from 10 items to 5, allowing for full online submission, thus enhancing convenience for workers [5][7] Group 2: Operational Efficiency - The model focuses on three key review elements: amount, medication list, and treatment area, streamlining the materials required for claims [7][8] - The frequency of compensation payments for minor injuries has been optimized from three times a month to once daily, improving the efficiency of benefit disbursement [9]

Core Points - Beijing has launched a "Quick Compensation for Minor Injuries" model aimed at gig economy workers such as delivery personnel and ride-hailing drivers, allowing for online reimbursement of minor medical expenses, significantly reducing claim processing time [1][3][10] Group 1: Implementation Details - The "Quick Compensation" model covers three industries: transportation, instant delivery, and local freight, benefiting over 1.57 million gig workers in Beijing [3] - "Minor injuries" are defined as those that do not require hospitalization, are clear-cut, and have no disputes regarding responsibility, allowing for expedited processing [3][5] - The model simplifies the claims process by reducing the required documentation from 10 items to 5, all of which can be submitted online, enhancing convenience for workers [6][8] Group 2: Operational Efficiency - The claims process includes six steps: reporting, medical treatment, and application, with the material submission phase being notably complex and time-consuming [6] - The new model focuses on three core review elements: amount, medication list, and treatment area, streamlining the material requirements and allowing for electronic submissions [8] - The frequency of compensation payments for minor injuries has been optimized from three times a month to once daily, improving the efficiency of benefit disbursement [10]

Core Insights - Beijing has implemented a work injury protection system since July 2022, covering high-risk industries such as transportation, food delivery, and local freight, with 21 platform companies participating and 1.57 million insured individuals [1] Group 1: Work Injury Protection System - The work injury protection system is designed to accommodate the characteristics of new employment forms, including flexibility and high mobility, using a pay-per-order insurance model funded by platform companies [1] - Workers injured during work can have their medical and rehabilitation expenses covered by the work injury insurance fund, and families of workers who die from work-related injuries receive compensation equivalent to work injury insurance benefits [1] Group 2: Impact and Statistics - Over the past three years, the city has confirmed 11,800 cases of work-related injuries and has provided relevant benefits to more than 7,700 workers [1] - The system employs a floating rate based on the accident rate of platform companies, encouraging them to prioritize work injury prevention through safety training and improved safety measures [1]

Group 1 - The core viewpoint of the article highlights the implementation of a professional injury insurance system in Beijing since July 2022, aimed at high-risk industries such as transportation, food delivery, and local freight [1] - The system has covered 21 platform enterprises and insured a total of 1.57 million individuals, adapting to the characteristics of new employment forms that are flexible and highly mobile [1] - The insurance model is based on a pay-per-order system, with platform companies bearing the costs, ensuring that workers injured during work can have their medical and rehabilitation expenses covered by the work injury insurance fund [1] Group 2 - Over the past three years, the city has confirmed a total of 11,800 cases of occupational injuries, with over 7,700 workers receiving related benefits [1] - The professional injury insurance system employs a floating rate based on the accident rate of platform companies, encouraging them to prioritize injury prevention through safety training and improved safety measures [1] - The initiative aims to reduce the incidence of accidents at the source by optimizing order mechanisms and enhancing safety protocols [1]