Central Economic Work Conference - The conference emphasized the need for a more proactive macro policy in the upcoming year, focusing on expanding domestic demand and optimizing supply [2] - It highlighted the importance of maintaining employment, stabilizing enterprises, and ensuring market expectations, aiming for qualitative improvement and reasonable quantitative growth [2] - The policy direction for next year includes a commitment to continue implementing more active fiscal and moderately loose monetary policies, with a focus on consistency and effectiveness [2][3] Federal Reserve Interest Rate Decision - The Federal Reserve announced a 25 basis point rate cut, lowering the target range from 3.75%-4.00% to 3.50%-3.75% [4] - The decision faced opposition from three voting members, marking the first time since 2019 that such dissent occurred [4] - The Fed plans to begin purchasing short-term government bonds to maintain adequate reserve levels, indicating a focus on market liquidity rather than a return to quantitative easing [5] Trump's Golden Card Visa Program - The Trump administration has begun accepting applications for the "Golden Card" visa, aimed at attracting wealthy individuals to the U.S. for a fee of $1 million [6] - This program has raised concerns about fairness in the U.S. immigration system, as it contrasts with stricter immigration policies [6][7] World Bank Economic Forecast for China - The World Bank has raised its economic growth forecast for China, predicting a growth rate of 4.9% for 2025 and 4.4% for 2026, both up by 0.4 percentage points from previous estimates [8] - The IMF and ADB have also adjusted their forecasts upward, reflecting a more optimistic view of China's economic resilience amid global trade challenges [8][9] "Jiutian" Drone Development - The "Jiutian" drone successfully completed its maiden flight, showcasing advancements in China's large drone technology [10] - This drone features a modular design that allows for various applications, including logistics and emergency response, highlighting its dual-use potential [11] Meta's AI Model Development - Meta is leading a new AI project called "Avocado," utilizing Alibaba's Qwen model to enhance its AI capabilities, indicating a shift towards closed-source models [12][13] - This change reflects a broader trend among tech companies moving away from open-source models due to performance and security considerations [13] JD.com's Investment in Hong Kong - JD.com has acquired office space in Hong Kong for approximately 3.5 billion HKD, signaling its commitment to expanding operations in the region [14] - This move aligns with a trend of major internet companies increasing their investments in Hong Kong as a strategic market [14][15] Suning's Asset Sale - Suning.com announced the sale of eight companies for a total of 8 yuan, indicating a significant reduction in its debt burden [16][17] - This transaction is part of Suning's strategy to improve its financial situation, although the company continues to face operational challenges [17] Stock Market Performance - The stock market experienced a downturn, with the Shanghai Composite Index falling by 0.7% amid a lack of positive catalysts [18] - The market's performance reflects broader economic uncertainties, including concerns over consumer spending and real estate sector stability [18] New Stock Subscription Rules at Beijing Stock Exchange - The Beijing Stock Exchange is rumored to be changing its new stock subscription rules to lower the entry barrier for investors, potentially increasing market participation [19]

网经社电子商务研究中心主任曹磊对《证券日报》记者表示，"双12"不再是"双11"的简单延续或单纯 的"价格战"，而是成为各平台强化特色、实现差异化经营的关键节点。由于"双11"促销周期已延长至近 一个月，并通过预售提前消化了大量年度消费需求，留给"双12"的余量空间十分有限。 从"618"到"双11"，再到"双12"，电商大促已几乎贯穿全年，形成了连续不断的促销链条。常态化的大 促环境，既为消费者提供了持续不断的购物机会，也对平台的创新能力和资源调配能力提出了更高要 求。 临近年末，电商行业的焦点再度转向"双12"。作为年末清仓促销的"生态试验场"，电商平台如何在"双 12"这个传统节点上找到新的增长动力？ 今年，各大电商平台在"双12"的节奏安排上呈现差异化布局。 例如，淘宝天猫与京东自12月8日已进入"正式售卖期"，以覆盖全品类的5天优惠期，打造年底补购重要 节点。抖音电商、快手电商提前于12月3日启动"年终狂欢季"，衔接"双12"与元旦，形成长达一个月的 促销周期。微信小店、分期乐商城等平台也已相继开启"双12"大促，进一步拓宽消费者的选择空间。 曹磊也认为，"双12"作为独立购物节的影响力虽逐渐减弱， ...

网络零售额稳步提升。强化政策赋能，制定实施电子商务产业发展实施意见、直播电商高质量发展三年行动计划等政策意见，坚持市场主导和政府推动， 加大资源整合和政策扶持力度，推动电子商务持续稳定发展。"十四五"期间，全市网络零售总额年均增长8.8%。 12月11日，东营市政府新闻办召开"高质量完成'十四五'规划"系列主题新闻发布会第二十场，东营市电子商务发展促进中心主任田国庆介绍了"十四五"期 间，东营市电子商务发展取得的成果。 电商生态初步完善。培育发展河口区电商产业园、东营区京东电商产业园、广饶县城市赋能中心3个电商园区（直播电商基地），打造河口区六合街道等5 个电商小镇、东升村等10个电商村，完善基础设施配套，健全公共服务体系，优化园区产业生态，吸引上下游企业集聚发展。全市电商企业达到2000家， 网络店铺4万余家。 新业态创新发展。支持直播电商、社区电商等新业态发展，拓展应用场景，积极创建集选品、直播、展示于一体的电商基地。深化产业融合，加快发 展"互联网+农业"新模式，接续农村电商发展成果，打造"黄河口农品"品牌矩阵，推动农产品上行扩面增效。"十四五"期间，全市农产品网络零售总额超 18.6亿元。（大众新闻记 ...

对于新加入的骑手，或是希望继续在岗位干下去的骑手来说，短期培训很合适：京东和学校老师轮流讲 课，在不影响日常工作的情况下，可以全面掌握安全规范和职业软技能，帮助骑手规避工作中的很多风 险和安全问题。 学院还提供了长期培训和定向培训，非常适合希望进行职业转型的骑手，比如智能调度系统操作、无人 配送设备维护、无人机飞手、智能运维、仓储管理等等，有机会在通过培训考核之后，转型到企业内部 的管理岗或者技术岗，企业拿出真实业务场景和岗位资源，升职、转岗、加薪，统统有机会。 骑手职业生涯的上升通道在哪里？要回答这个问题，全国首家现代骑手学院开办了！这几年全国不少地 方都有开设各种各样的骑手培训，但这次，真不一样。 今天我在广州职业技术大学，参加了现代骑手学院揭牌。广东省教育厅在这里和京东签约，专门面向在 职骑手和快递员开办学院，尝试解决骑手们常常面临的"想学没时间、想升没通道"的问题，计划覆盖京 东在广东的超过10万全职骑手和一线小哥。 接下来你们肯定都想问：骑手来这培训，能学什么？我替你们看了一下课程清单，这里教的，绝不是怎 么送外卖更快，而是如何让骑手们的职业生涯更宽、更远，主打"学历+技能"双重提升。 这样的模式相 ...

Core Points - The event "Face-to-Face: Promoting Platform Economy" in Chengdu aimed to facilitate direct communication between local businesses and government departments, addressing challenges faced by platform economy enterprises [1][2] - The initiative reflects Chengdu's commitment to improving the business environment by implementing a responsive mechanism for addressing enterprise needs [2][12] Group 1: Business Challenges and Requests - Companies raised specific issues such as the inclusion of new retail in government consumption voucher programs, with potential sales conversion estimated at 50 million yuan for 2024 [4] - There were calls for government collaboration in promoting consumption activities and support for specific enterprises in promotional events [4] - Requests also included the establishment of unified regulations for low-speed unmanned vehicle operations and addressing malicious complaint behaviors [4][9] Group 2: Government Responses and Initiatives - Government representatives actively responded to business concerns, promising to explore solutions and implement new policies to enhance consumer engagement and operational efficiency [8][9] - The city plans to implement a closed-loop mechanism for collecting, solving, and providing feedback on enterprise issues, demonstrating a proactive approach to governance [9][11] - Chengdu's government is focusing on creating a supportive ecosystem for businesses, with initiatives aimed at improving financing options and addressing workforce shortages [11][12] Group 3: Economic Performance and Growth - Chengdu's online retail sales reached 591.9 billion yuan from January to October 2025, accounting for 68.6% of the province's total, with a year-on-year growth of 10.8% [7] - The city has over 960,000 online businesses, contributing to the employment of over 2.5 million people, indicating a robust platform economy [7] - The local government has established several centers to foster a vibrant and resilient industrial ecosystem, with the private economy's value added reaching 920.97 billion yuan in the first three quarters of 2025, growing by 6.4% year-on-year [14]

即时零售这轮渠道革命，苹果也无法置身事外，即便它并非电商平台公司。12月10日，苹果在中国内地 正式推出免费的三小时快送服务，涵盖手机、平板、笔记本等核心产品，覆盖苹果直营门店所在的主要 城市。 苹果版的"闪送"，是三年前配送业务的升级，当时它只在上海少数几个门店试水。三年后，国内即时零 售竞争方兴未艾。在阿里、京东、美团三大平台数百亿元真金白银的补贴轰炸下，被市场刺激或者"教 育"的，可不只是消费者，更有大大小小的品牌和商家，苹果也不例外。 作为创新最为活跃、竞争最为激烈的领域，渠道革命这些年每每上演，但苹果却往往不是反应最敏锐的 那个。 竞争在变，没有品牌能一劳永逸。 北京商报评论员 张绪旺 新的竞争格局已经形成。全球视野看，智能终端尤其手机走到了产品革命的前夜，但到底是AI改变历 史还是柔性屏幕主导未来，在爆款出现之前谁也下不了定论。 性能趋同直接导致手机市场的存量博弈，苹果与竞品的对决，已经变成近身绞杀，甚至很大程度上就是 渠道和服务的肉搏，毕竟产品本身的差异化微乎其微。 渠道和服务，追求的是贴近性和情绪价值。在中国市场，成功的品牌一定紧随形势，苹果来了也是学 徒。 以往，很多品牌重视渠道会被认为是" ...

Core Viewpoint - The establishment of the Modern Rider Academy in Guangdong Province aims to address the career development challenges faced by new employment form workers, particularly delivery riders, by providing systematic and standardized vocational education to create sustainable career pathways [3][4]. Group 1: Strategic Collaboration - The Guangdong Provincial Department of Education and JD Group signed a strategic cooperation agreement to promote collaboration between universities and JD Group, focusing on the "71583" school-enterprise cooperation plan [1]. - This plan includes the establishment of 7 JD Industry Colleges, exploration of 10 JD Super Campus Comprehensive Operation Centers, creation of 5 Industry Technology Innovation Centers, and construction of 8 School-Enterprise Joint Laboratories [1]. Group 2: Modern Rider Academy - The Modern Rider Academy is the first vocational education platform in China focused on the career development of riders and couriers, marking a significant step in building a modern vocational education system [1][3]. - The academy aims to provide skills training that will cover over 100,000 full-time riders and couriers in Guangdong within three years [1]. Group 3: Training and Certification - Riders completing specific skills training at the academy will receive "Vocational Skill Level Certificates" or "Special Ability Certificates," which can aid in their career advancement and job transitions [3]. - The academy offers a multi-level and flexible training system, including short-term training, long-term training, and targeted training based on JD's employment needs [3][6]. Group 4: Curriculum Development - The curriculum at the Modern Rider Academy is designed to enhance riders' job capabilities and meet career transition needs, featuring modular and tiered course structures [6]. - Key training modules include advanced skills training, legal regulations and safety standards, soft skills and professional qualities, and new technology applications [6]. Group 5: Industry Impact - JD Group's initiative aims to enhance the skills and qualifications of its workforce, which includes over 600,000 frontline couriers and riders, thereby promoting broader participation in the new employment sector [7].

Core Viewpoint - JD Industrial, a subsidiary of JD Group, has successfully gone public with a market capitalization of HKD 37 billion, marking the sixth listed company under Liu Qiangdong's leadership [1][11]. Company Overview - JD Industrial's journey began in 2017, focusing on the digitalization of industrial procurement amidst a booming consumer internet landscape. The company identified a trillion-yuan market opportunity in the industrial sector and started developing MRO (Maintenance, Repair, and Operations) procurement services [3][5]. - The company has established a unique "digital-physical integration" model, aiming to redefine the traditional industrial sector by merging product supply chains with digital supply chains [5][7]. Product and Service Offering - JD Industrial has leveraged JD Group's supply chain resources to cover approximately 158,000 manufacturers, distributors, and agents, offering around 81.1 million SKUs across 80 product categories, including equipment parts and chemical raw materials [5]. - The "Taipu" solution provides a comprehensive digital industrial supply chain service, focusing on four core capabilities: product digitization, procurement digitization, fulfillment digitization, and operational digitization [5][6]. Market Position and Growth Potential - The industrial supply chain market in China is projected to grow from RMB 8.3 trillion in 2019 to RMB 11.4 trillion by 2024, with a compound annual growth rate (CAGR) of 6.6% [8]. - JD Industrial's positioning as a service provider that understands both the industry and digitalization is crucial for achieving precise supply-demand matching and supporting a modern industrial system [8]. Competitive Advantages - JD Industrial holds a significant lead in the MRO procurement service market, with a scale nearly three times larger than its closest competitor. It is also the only profitable leading platform in the industrial supply chain technology and services sector in China [9]. - The company has developed a unique end-to-end digital capability covering demand generation, procurement matching, fulfillment delivery, and operational maintenance [9]. Strategic Implications of IPO - The successful IPO of JD Industrial expands Liu Qiangdong's capital landscape and validates the effectiveness of the "spin-off listing" strategy, which has allowed JD Group to release asset value into the capital market and optimize its balance sheet [11][12]. - This strategy enhances JD Industrial's independent operations and financing channels, consolidating its competitive advantage in the industrial supply chain [12]. Broader Strategic Context - JD Industrial's listing represents a critical step for JD Group in transitioning from consumer internet to industrial internet, integrating supply chain networks across various industries [12]. - The IPO completes a vital piece of the B2B puzzle for JD, enabling the company to maximize coverage of both B-end and C-end users [16].

Core Points - The establishment of the "Modern Rider Academy" marks a significant step in integrating education and industry, focusing on the professional development of delivery riders and couriers in China [1][7] - The academy aims to transform the perception of delivery work from a purely physical job to a sustainable career path through skill enhancement and educational opportunities [3][6] - The strategic cooperation between the Guangdong Provincial Education Department and JD Group aims to support the training and development of new employment forms, enhancing the educational ecosystem [9][14] Group 1: Academy Overview - The "Modern Rider Academy" is the first vocational skill education platform in China dedicated to the development of riders and couriers [7] - The academy plans to officially start classes in the first half of next year, with an initial training scale of approximately 500 participants [6][2] - JD Group will cover most of the tuition fees, ensuring financial support for the trainees [6] Group 2: Training Programs - The academy offers a multi-tiered and flexible training system, including short-term training, long-term training, and educational advancement opportunities [6] - Short-term training will be conducted without disrupting the riders' daily work, while long-term training will provide systematic skill training for those wishing to change roles [6] - The academy will also offer educational compensation for riders seeking to improve their academic qualifications [6] Group 3: Strategic Cooperation - The partnership between the Guangdong Provincial Education Department and JD Group aims to create a deep integration of education and industry, enhancing talent cultivation and innovation [9][14] - The initiative includes plans to establish seven JD industry academies, ten JD super campus operation centers, and eight joint laboratories with high-level universities [14] - The collaboration seeks to promote the integration of education, talent, industry, and innovation chains, providing robust support for the development of new employment forms [9]

（原标题："小哥"期待满满：赚钱是次要的，学到更多专业知识更重要） 12月11日，广东与京东全国首家"现代骑手学院"在广州职业技术大学揭牌成立。该学院将开设无人机、 智慧物流等培训课程，为骑手打造从技能强化到学历提升，从岗位深耕到职业转型的一体化成长生态。 完成特定技能培训的骑手将获得"职业技能等级证书"或"专项能力证书"，可作为骑手晋升、转岗的参 考，同时纳入京东骑手人才档案。 在职骑手祝先生在接受采访时表示对此十分期待："我觉得赚钱是次要的，能学到更多的专业性知识为 社会做出贡献才是更加重要的。" ...