11月20日，2025武汉（汉口北）商品交易会（以下简称汉交会）将在汉口北国际贸易城开幕。 连续举办16年，这场展会年年吸引万商聚汉：有人已连续参展八次，在这里创办大型超市；有人将昆明花店迁至武汉，焕发新生；还 有人从宋代窨花技艺中汲取灵感，融入咖啡创作…… 以前是来"卖货"，现在是新品"T台" "这是我们第五次来汉交会了。你看这展台里的开关、照明、卫浴新品，都是今年流行的款式。"11月18日上午，汉交会开幕前夕，飞 雕电器湖北市场相关负责人董建龙正在抓紧布置展台。 作为1987年成立的老牌企业，飞雕电器旗下产品从早期的开关，一路拓展到照明、水暖、卫浴全品类。抱着"把品牌做得更响"的目 标，企业多次报名参加汉交会。"在我看来，这里是最好的形象展示窗口。"董建龙表示，企业一直想打开知名度，而汉交会的辐射力正好 能帮他们"打开一道口"。 市民在汉交会鲜花展区观赏、购买鲜花。 每次参会，企业都收获满满。"上一届就有好几家做卫浴、灯饰的商户，觉得我们产品全、品牌靠谱，回去就特意新建了飞雕品牌展示 区。" 他表示，能通过展会锁定的意向客户，品牌网点越铺越多，"销量提升了近30%"。 连续参与五届汉交会的武汉景田伊尚商贸 ...

2025武汉（汉口北）商品交易会 （以下简称汉交会） 将在汉口北国际贸易城开幕。 据了解， 本届汉交会将举办4天， 感兴趣的市民可免费前往参加。 汉交会上外国企业代表选购商品（资料图）。记者胡冬冬 摄 以前是来"卖货" 11月20日， 现在是新品"T台" 连续参与5届汉交会的武汉景田伊尚商贸有限公司总经理姜正行，有了不小改变。 汉交会上，服装企业现场直播卖货。 "以前参会，我们想的是如何把商品售卖出去。"姜正行发现，因汉交会对企业更加了解，不少对汉派女 装了解有限的广州、杭州客商，甚至专程赴厂考察，这样的"大顾客"越来越多。 这次他将一次性展出近30款新品，直接在展台"首发"。"在汉交会这个汇聚全国采购商的平台上，我们 既要展示汉派服饰特色，更要主动寻找电商合作新可能。"姜正行表示，期待在汉交会上发现那些"自己 都不知道、不了解的行业新品"，实现服装行业的创新结合。 以前是来"看热闹" 现在是"找门道" 因展结缘的，还有武汉唐吉诃德咖啡创始人高峰。 市民在汉交会鲜花展区观赏、购买鲜花。记者周超 摄 市民逛汉交会。 "今年是我们第三次参展。这个国际级的平台，给我们品牌做了很好的宣传，带来的长尾效应是实实在 在的 ...

单价40元以上、曾被誉为"酸奶界爱马仕"的高端酸奶品牌Blueglass开始放低身段。 近期，许多消费者发现Blueglass在外卖平台搞起特惠活动。记者搜索美团"神枪手"、饿了么"超抢手"页面发现，其明星产品"小蛮腰"系列单杯兑换价 为21.9元，在特定时段甚至低至19.9元，与线下门店49元的价格相比，相当于变相降价约60%。 这只是第三方平台优惠，并非官方调价，但这种"不限时不限量"的常态化优惠意味着Blueglass的高端价格盘正在崩塌。"能20元买到的就不会再接受 原价买了"，许多消费者这样表示。 在近年消费降级的大趋势下，高端品牌经营普遍承压，今年爆发的"外卖平台补贴战"更是直接影响了消费者对现制饮品的价格预期。 顾客不愿为单纯的品牌溢价买单，会对食材、口味、服务等方面提出更高的要求。曾经的网红酸奶茉酸奶就曾因价格高、用料有争议而被称为"酸奶 刺客"。 一些老牌连锁品牌已经开始作出经营上的调整。如星巴克去年在线上平台推出的常态化优惠活动，以及今年正式下调部分非咖啡饮品价格；Costa咖 啡同样在外卖平台推出19.9元/杯的优惠活动。 门店布局的变化正在悄然发生。 记者注意到，今年Blueglass ...

截图自窄门餐眼小程序 红星新闻记者 程璐洋 编辑 陶玥阳 审核 高升祥 红星资本局11月19日消息 今日，对于将赴港股上市的传闻，Manner咖啡方面回应红星资本局称："对于传闻，不予置评。" 此前有媒体报道，有知情者表示Manner咖啡正考虑最早于2026年在香港IPO，Manner一直在与投资银行洽谈可能的上市计划，可能寻求筹集数亿美元的资 金，估值或达30亿美元。 红星资本局从Manner咖啡方面得知，其目前门店数接近2500家。另据行业平台窄门餐眼数据，截至11月19日Manner咖啡门店数为2234家，在全国连锁咖 啡门店数里排名第6，前5名依次为瑞幸咖啡、库迪咖啡、星巴克、幸运咖和挪瓦咖啡。 | | 数据来源:窄门餐眼 数据截止2025.11.19 | | | --- | --- | --- | | 排名 | 品牌 | FBAFF 门后汉 | | 1 | 瑞幸咖啡 | 27930 | | 2 | 库迪咖啡 | 15323 | | 3 | 星巴克 | 8382 | | 4 | 幸运咖 | 5784 | | 5 | NOWWA挪瓦咖啡 | 4252 | | 6 | Manner Coffee | 22 ...

近年来，中国咖啡市场呈现出强劲增长态势与显著结构性变化，其中"功能性"正成为行业创新焦点。益 生菌凭借其健康多元特性，成为咖啡功能化发展的首选成分。。然而，益生菌与热饮结合面临关键挑战 ——多数益生菌不耐高温。，微康益生菌研发的凝结魏茨曼氏菌BC99作为 耐热型"不怕烫"孢子菌株， 可完美融入热咖啡，并确保菌株顺利抵达肠道，发挥调节肠道健康、护胃清幽等功效，从而保障消费者 充分体验益生菌咖啡的功能价值。 中国咖啡市场近年来呈现高速增长态势，新品牌快速崛起，同时健康化、功能化成为重要创新方向。根 据调研数据显示，中国咖啡市场规模从2016年的868.8亿元增长至2023年的1777.2亿元，预计2030年将达 3754.9亿元，年复合增长率约10.19%。瑞幸、库迪等本土品牌通过快速扩张占据主导，Manner、Seesaw 等新品牌快速崛起，消费人群90后为主力军：90后占咖啡消费人群的五成左右，人均年饮咖啡杯数从 2016年的9杯增至2023年的16.74杯，消费者年轻化，消费习惯逐渐日常化，展现巨大消费潜力。 随着疫情后，人们对健康的关注度增多，据Mordor Intelligence数据显示，2025年全 ...

Core Insights - Luckin Coffee's major shareholder, Dazhong Capital, is considering acquiring Costa Coffee from Coca-Cola, which is looking to sell the brand, highlighting a significant shift in the global coffee industry [1][2] Group 1: Strategic Ambitions and Industry Changes - Dazhong Capital currently holds 31.3% of Luckin Coffee's shares and 53.6% of its voting rights, indicating a strong influence in the company [2] - The interest in acquiring Costa Coffee follows Dazhong Capital's previous attempt to acquire a stake in Starbucks China, showcasing its ambition to expand beyond the budget coffee market and integrate the entire coffee supply chain [2] - The global coffee market is undergoing significant changes, with increased collaboration between Chinese capital and international coffee brands, as evidenced by Starbucks' joint venture with Boyu Capital and JDE Peet's acquisition by Keurig Dr Pepper [2] Group 2: Costa Coffee's Current Situation - Costa Coffee, acquired by Coca-Cola for £3.9 billion (approximately $5.1 billion) in 2018, has not performed as expected, with 2023 fiscal year revenues exceeding £1.2 billion, a 9% increase year-on-year but below 2018 levels, and a shift from a profit of £2.459 million to a pre-tax loss of £96,000 [3] - If Costa is sold for the rumored £1 billion valuation, it would represent a significant loss for Coca-Cola compared to its acquisition price seven years ago [3] Group 3: Complementary Synergies and Integration Prospects - The strategic complementarity between Costa and Luckin Coffee is a key motivation for Dazhong Capital's interest in the acquisition, as Costa's high-end positioning contrasts with Luckin's efficiency and mid-to-low price strategy [4] - Costa's extensive international network, with over 2,700 stores in the UK and Ireland and more than 1,300 globally, contrasts with Luckin's 27,000+ stores in China, indicating a gap in international presence for Luckin [4] - The integration post-acquisition could focus on replicating Luckin's successful "small store model" at Costa, enhancing digital capabilities, streamlining supply chains, and leveraging Costa's global footprint to facilitate Luckin's entry into European markets [6]

Core Viewpoint - Luckin Coffee has reported a strong Q3 revenue of 15.287 billion RMB, signaling its intent to return to the US main board after overcoming past financial scandals [1][2][6]. Financial Performance - Total net revenue for Q3 reached 15.287 billion RMB, a year-on-year increase of 50.2% [2]. - The number of global stores has grown to 29,214, with a net addition of 3,008 stores in the quarter [2]. - Monthly active customers surpassed 112 million, marking a 40.6% increase year-on-year, with over 42 million new customers [2]. - GAAP operating profit was 1.777 billion RMB, a 12.9% increase, but the operating margin fell from 15.5% to 11.6% [2]. - Net profit decreased by 1.9% to 1.28 billion RMB [2]. Cost Structure - The increase in revenue was offset by rising delivery costs, which reached 2.889 billion RMB, a 211.4% increase due to a surge in orders from third-party delivery platforms [3]. Strategic Layout - The company emphasizes self-pickup as its core strategy, with delivery serving as a supplementary option [4]. - High-density store networks are a competitive advantage, allowing for lower rental and labor costs while maintaining profitability with a pricing strategy of 9.9 RMB [4]. - Internationally, Luckin has opened 29 new overseas stores, bringing the total to 118, with a focus on Singapore and the US [5]. Return to US Market - The company is actively pursuing a return to the US main board, with plans being discussed but no definitive timeline established [6][7]. - The return is seen as a significant event, potentially enhancing liquidity and valuation by 10% to 25% for Chinese companies transitioning from OTC to the main board [8]. Future Outlook - The CEO expressed caution regarding Q4 and next year's performance due to high international coffee bean prices and reduced delivery subsidies [9]. - The company aims to focus on long-term development, enhancing product and brand innovation while leveraging digital operations to meet diverse customer needs [9].

前言 两平方米的极小空间曾容纳创始人的咖啡理想，而今能否承载资本市场的巨大野心？ 11月18日，针对外媒关于Manner咖啡考虑最早2026年在香港上市的报道，Manner咖啡官方表示不予置评。这已是该品牌近年来至少第二次面对IPO传闻。 2021年，有报道称Manner咖啡计划2022年在香港交易所上市，预计募集资金3亿美元。创始人韩玉龙回应称，无相关计划。 相比2021年官方直接否认赴港上市的明确态度，此次的不予置评似乎暗示着某些变化正在发生。 资本宠儿—— 从今日资本到美团、字节跳动 Manner咖啡于2015年在上海创立，以极小门店模式和精品咖啡平价化的策略在咖啡市场独树一帜。 01 2018年，今日资本以8000万元投资了Manner，持股高达40%。在资本加持下，Manner从上海南阳路的一家2平米小店，开始了规模化扩张。 控股型投资的今日资本与创始人韩玉龙之间最终因"意见不统一"而分道扬镳。今日资本从这次投资中拿到了约7亿美元的高额回报。 随后，美团龙珠资本与字节跳动相继成为Manner的投资方。 据悉，2021年，Manner完成由美团龙珠资本独家投资的2亿美元融资，投后估值接近20亿美元。 ...

Core Insights - The film "Demon Slayer: Infinity Castle Chapter 1 Akaza Strikes Again" has achieved a box office of over 400 million yuan and over 1.12 million viewers in mainland China, amidst rumors of its imminent withdrawal from theaters [1] - Despite the uncertainty surrounding its screening schedule, various brands have launched collaborative products with the "Demon Slayer" IP, indicating strong market interest and potential economic impact [4][5] Group 1: Brand Collaborations - Luckin Coffee has launched a series of collaborative products with "Demon Slayer," including a high-priced coffee set that has seen significant consumer interest, demonstrating the effectiveness of IP-driven marketing [3][4] - Other brands, such as Nestlé, Uniqlo, and Pizza Hut, have also engaged in collaborations, offering themed products that have resonated well with consumers, showcasing the broad appeal of the IP [3][4] - The collaboration has extended to the collectible market, with brands like Pop Mart releasing themed blind boxes, indicating a robust demand for merchandise associated with the IP [4][5] Group 2: Market Dynamics - The "Demon Slayer" phenomenon reflects a broader trend in the Chinese market where classic IPs are leveraged for consumer engagement, particularly in the rapidly growing "collaboration economy" [5][6] - The East Asian market has established a complementary relationship where Japan excels in IP creation while China focuses on consumerization, leading to mutual benefits [6][9] - The current market dynamics present an opportunity for Chinese IPs to emerge, as the reliance on foreign IPs poses risks related to high licensing costs and market volatility [10][11] Group 3: Future Directions - Industry experts suggest that Chinese IPs should focus on creating unique content that resonates with local cultural values, moving away from the perception that "two-dimensional" content is solely Japanese [11][12] - There is a call for a shift from merely importing and monetizing foreign IPs to developing and globally operating homegrown IPs, which could enhance the sustainability of the industry [13][14] - Companies like Tencent and Yu Wen Group are already exploring this direction by expanding their IP portfolios and engaging in international markets, indicating a shift towards a more integrated and self-sufficient industry structure [14][15]

1.外媒爆：特朗普邀请马斯克，将与沙特王储共进晚餐 特朗普邀请马斯克，将与沙特王储共进晚餐。"英国《泰晤士报》以此为题最新报道称，美国企业家马斯克 预计将于当地时间18日出席美国总统特朗普与沙特王储兼首相穆罕默德·本·萨勒曼的晚宴。 点评：京东跨界出击，双线布局欲破局本地生活。 3."一件难求"十五运会特许商品总销售额突破6.8亿元 据了解，本届全运会已开发推出涵盖二十大类、超2800款特许商品。其中，广东省内开设线下特许零售店 500余家，线上店铺70多家，目前总销售额已突破6.8亿元。吉祥物的走红不仅拉动了文创消费，也传递着粤 港澳大湾区的活力与包容。 4.IDC：上半年中国视频云市场规模同比增长8.9% 国际数据公司（IDC）最新发布的报告显示，2025年上半年，中国视频云市场规模达到52.3亿美元，止跌回 升，同比增长8.9%；其中，音视频AI实时互动与智能媒体生产等AI细分场景半年市场规模达4000万美元， 同比完成大三位数增长。 5.斑马口语正式上线，首个主导型AI Agent落地教育产业 虎嗅获悉，斑马于11月18日推出全球首个AI外教一对一产品——"斑马口语"。该产品基于猿力大模型打造， 推出 ...