来源：侃见财经 10月1日，"共享充电宝第一股"怪兽充电向美国证券交易委员会（SEC）提交了13E3文件，公告称，怪 兽充电董事会已正式拒绝高瓴资本于8月提出的溢价私有化要约，并决定继续推进与信宸资本（中信资 本旗下）及管理层组成财团的原有私有化方案。 公开信息显示，高瓴资本8月15日发出初步非约束性私有化提案，出价为每ADS（美国存托股份）1.77 美元，较怪兽充电管理层此前与信宸资本组成的财团签署的1.25美元/ADS报价高出约40%。 从市场反应来看，在高瓴资本的私有化提案公告后第一个交易日（8月18日），怪兽充电股价一度暴涨 超22%，此后，怪兽充电股价持续走强。 回顾此前，今年1月，信宸资本与怪兽充电管理层联手发起1.25美元/ADS的私有化要约。值得注意的 是，该价格远低于怪兽充电2024年年度报告披露的每ADS约1.63美元的现金资产价值，也较公司上市发 行价（8.50美元）缩水超85%。 截至目前，怪兽充电董事会对为何拒绝更高报价尚未作出详细披露和说明。 怪兽充电私有化再迎重磅进展！ | 时间 | 融资轮次 | 投资金额(美元) | | --- | --- | --- | | 2017/7/2 ...

Global Trade Outlook - The World Trade Organization (WTO) has significantly lowered its global goods trade growth forecast for 2026 to 0.5%, down from 1.8% predicted in August, due to weak global economic recovery and U.S. tariff policies [2] - The report also predicts a decline in global service export growth, with rates dropping from 6.8% in 2024 to 4.6% in 2025 and further to 4.4% in 2026 [2] Trade Resilience and Risks - WTO economists emphasize that trade restrictions and policy uncertainties are spreading across more economies and sectors, posing major downside risks [3] - Despite strong headwinds from unilateral tariff measures and trade policy uncertainties, global trade shows some resilience, supported by the stability provided by the multilateral trading system [3] Domestic Companies - Alibaba's Tongyi Qianwen model leader announced the establishment of a small team focused on robotics and embodied intelligence, indicating a shift towards foundational intelligent agents capable of long-horizon reasoning [4] - BYD reported a 5.52% year-on-year decline in September sales of new energy vehicles, totaling 396,300 units, with exports reaching 71,256 units [4] - Monster Charging's board has formally rejected a premium privatization offer from Hillhouse Capital, opting to proceed with its original privatization plan with a consortium led by CITIC Capital [5] International Companies - Tesla has launched a new version of the Model Y priced at $39,990, making it more affordable in response to the cancellation of U.S. electric vehicle subsidies [6] - Elon Musk's xAI is expected to raise $20 billion, exceeding initial plans, with NVIDIA as one of the equity investors [7] - OpenAI is exploring partnerships in Canada to enhance its artificial intelligence capabilities and infrastructure [8] Renewable Energy and Policy - The International Energy Agency forecasts strong growth in global renewable energy capacity, predicting an increase of 4,600 GW from 2025 to 2030, primarily driven by solar photovoltaic installations [10] - The National Development Bank of China has issued 978.1 billion yuan in special loans for urban village renovations since the start of the 14th Five-Year Plan [11] Stock Market and IPOs - Hong Kong Stock Exchange leads global IPO financing with over 180 billion HKD raised in the first three quarters of the year, attracting many Shenzhen companies [15] - The Hang Seng Index Company announced that certain companies, including Juewei Food, will be removed from the Hang Seng Index series due to their classification as ST stocks [16][17]

9月28日，记者了解到，北京市市场监管综合执法总队对4家共享充电宝服务企业依法作出罚款的行政处 罚。这是全国市场监管领域运用《中华人民共和国消费者权益保护法》，针对共享充电宝租赁领域侵害 消费者权益问题的首度"亮剑"。 此前，2025年7月，北京市市场监管综合执法总队针对多起消费者投诉的"归还难、乱收费"等问题，对4 家企业予以立案调查。经查，这些企业存在租赁服务与售后服务脱节问题：代理商负责柜机运营，品牌 方仅提供线上租赁，导致消费者常因柜机满位、设备故障无法归还，却仍被持续计费，甚至归还后扣费 不止 。同时，企业客服多为AI自动回复，消费者退费等诉求难以解决，且计费规则等信息公示不透 明，侵害了消费者公平交易权、自主选择权与知情权 。 目前，4家企业已积极整改，加入《北京市共享充电宝行业自律公约》，承诺建立暂停计费机制——因 柜满等原因无法归还的，核实后可暂停计费；因设备问题等导致无法归还的，可免除费用 。 (家电网® HEA.CN) ...

来源：北京消协 北京市消费者协会8月20日推出《北京共享充电宝行业自律公约》，怪兽、美团、街电等8家覆盖全市 95%运营点位的企业签署公约。公约推出满月，落实情况怎么样？消费者使用是否更省心？新闻广播记 者实地探访。 记者探访发现，怪兽、美团、街电等签约的共享充电宝企业，基本做到了免费时长5分钟等公约内容。 美团在8月15日已按公约的要求做了调整，做到了免费时长不低于5分钟，计价区间是设置到了1分钟。 至于消费者关心的充电宝剩余电量问题，共享充电宝运营企业方面说，机柜可以识别到具体的充电宝还 有多少电量，会优先给用户弹出电量最充足的充电宝。 运营维护 除了计价和电量，有没有足够的充电宝可供借出、足够的空位可供归还，也是消费者关心的问题。对于 这方面的运营维护，提供充电宝机柜的多个商家说，他们观察到相关共享充电宝企业有专人来操作，通 过终端观察到剩余充电宝数量不足，会有专人来自动补足。 投诉情况 公约签订以后，消费者对共享充电宝的投诉情况如何呢？公约签订以后，市消协96315投诉热线仅接到 了5件关于共享充电宝的投诉，而且问题是主要集中在设备故障的这种客观技术问题，还没有接到涉及 到计费不合理，和借出容易归还难 ...

Core Insights - The Beijing Municipal Market Supervision Comprehensive Law Enforcement Team has imposed administrative fines on four shared charging treasure service companies, marking the first enforcement action in the country under the Consumer Rights Protection Law regarding consumer rights violations in the shared charging sector [1] Group 1: Regulatory Actions - The enforcement action follows multiple consumer complaints regarding issues such as "difficult returns" and "arbitrary charges," leading to investigations into the four companies [1] - The investigation revealed a disconnect between rental services and after-sales services, with agents managing cabinet operations while brand owners only provided online rentals, resulting in consumer difficulties in returning devices and ongoing charges despite failed returns [1] Group 2: Consumer Rights Violations - Consumers faced challenges due to full cabinets and equipment malfunctions, leading to continued billing even after failed returns, and customer service primarily relying on AI responses, making it difficult for consumers to resolve refund requests [1] - The lack of transparency in billing rules and information further infringed upon consumers' rights to fair trading, autonomous choice, and informed decision-making [1] Group 3: Industry Response - The four companies have actively rectified their practices by joining the Beijing Shared Charging Treasure Industry Self-Discipline Convention, committing to establish a billing suspension mechanism for situations where returns are impossible due to full cabinets or equipment issues [1] - The companies have pledged to waive fees for returns that cannot be completed due to equipment problems [1]

新京报讯(记者陈琳)明明已经归还共享充电宝，却仍在计费；跑遍半个城市，找不到一个能还的空 位……近期，北京市市场监管综合执法总队对共享充电宝行业展开专项执法，针对消费者投诉集中 的"归还难""乱收费"等问题，对4家主流共享充电宝服务企业正式立案查处。 经查，上述企业因自身运营管理问题，无法有效响应消费者停止计费、退还费用等合理诉求，构成"故 意拖延或无理由拒绝"的违法行为，违反了消费者权益保护法。北京市监部门依法对涉事企业作出行政 处罚，这也是全国范围内首次就该领域侵害消费者权益行为"亮剑"。 被处罚后，4家企业已积极整改，加入《北京市共享充电宝行业自律公约》，并公开承诺：建立"暂停计 费"机制，如因柜机无空位等原因无法及时归还，经核实可暂停计费；因设备故障等不可抗力导致无法 归还的，可免除费用。同时承诺优化计价模式、提升充电宝电量、加强柜机空位管理、完善人工客服 等。 北京市消协相关负责人表示，共享经济的本质是提升资源利用效率，而非通过设置归还障碍变相提高使 用成本。当前出现的"百元充电宝"现象，已背离共享初衷，侵害消费者权益。此次监管出手，正是对行 业健康发展与用户合法权益的有力维护。 调查发现，部分品牌 ...

"单个充电宝认证成本较以往增加约30元，在激烈的点位竞争与分成模式下，企业推进换新的动力不 足。" （记者 翟智超）尽管充电宝行业在近期迎来双重强监管，但日前，蓝鲸科技记者在深圳、厦门等地的 多个商圈发现，美团、怪兽充电、竹芒科技等品牌的部分共享充电宝仍在使用未认证或无标识的设备。 图源：蓝鲸科技记者于深圳、厦门拍摄 与此同时，按《强制性产品认证标志管理办法》，相关产品须在显著位置清晰标注CCC标志，但记者在 实际使用过程中发现，即便某些已获认证的共享充电宝，也存在3C标识张贴位置不合规的现象，而这 种"隐藏式认证"也让消费者难以直观辨别产品合规性与安全性。 这不得不提到的是，在资本推动快速扩张的阶段，企业普遍重规模，而轻合规，加之当时移动电源尚未 强制要求3C认证，导致大量未经认证的设备留存至今，成为行业"存量包袱"。 某共享充电宝品牌前员工就告诉蓝鲸科技记者，早期市场投放的设备数量巨大，产品更新需时，部分老 旧设备尚未回收更换；同时，共享充电宝通常在本地使用，少用于飞机出行，相关品牌的设备更换节奏 也就相对缓慢。 一位接近美团的人士向蓝鲸科技记者表示，"美团早期生产充电宝时，国家尚未实施该类产品的CCC强 ...

Core Viewpoint - Monster Charging has announced its plan to go private and delist from NASDAQ, following an agreement with an investor consortium to acquire shares at $1.25 per American Depositary Share (ADS), representing a premium of 8.7% to 74.8% [3] Group 1: Privatization Details - The acquisition values Monster Charging at approximately $327 million, with the transaction expected to complete by Q4 2025, pending shareholder approval and regulatory clearance [3] - The company has experienced a decline in revenue, with total income dropping from 28.245 billion RMB in 2022 to 20.339 billion RMB in 2023, and further down to 19.781 billion RMB in 2024 [3] Group 2: Company Background - Monster Charging was founded in May 2017 and went public on NASDAQ on April 1, 2021, becoming the first publicly listed company in the shared charging industry in China [3] - Major investors include Alibaba, Hillhouse Capital, CMC, SoftBank Asia, and Xiaomi, with Hillhouse Capital being the largest financial investor after participating in multiple funding rounds [3] Group 3: Future Aspirations - The CEO, Cai Guangyuan, previously expressed ambitions to create a comprehensive, digitally-driven shared charging network, indicating ongoing aspirations despite the current privatization move [4]

Core Viewpoint - The charging rules for shared power banks in Beijing have shifted from fixed time intervals (30 or 60 minutes) to a per-minute billing system, leading to increased costs for consumers despite the intention of more precise billing [1][4][5]. Pricing Changes - Many shared power bank brands, including Meituan, have adjusted their pricing to a per-minute basis, with common rates around 0.08 to 0.12 yuan per minute [4][5]. - For example, a power bank that previously cost 3 yuan for 30 minutes now costs 7.2 yuan for an hour under the new pricing structure, representing a significant increase [4][5]. - Specific instances show that the cost for using a power bank for one hour has risen from 4 yuan to 6 yuan, marking a 50% increase [4]. Consumer Experience - Consumers have reported that while the new per-minute billing may seem cheaper for short usage, it can lead to higher costs for longer usage times compared to the previous fixed-rate system [5][6]. - A case study indicated that using a power bank for 26 minutes now costs more than the previous flat rate for 30 minutes, highlighting the potential for increased expenses [6]. Market Variability - There is a lack of consistency in pricing even within the same brand, as different locations may charge different rates for the same service, leading to confusion among consumers [7]. - For instance, within a short distance, three different locations of the same brand charged 7.2 yuan, 6 yuan, and 4.8 yuan for similar services, indicating a chaotic pricing environment [7]. Industry Response - The shift to per-minute billing is aimed at meeting diverse consumer needs, but the industry faces challenges in standardizing pricing and ensuring transparency [7].

Core Viewpoint - The charging rules for shared power banks in Beijing have shifted from a fixed time billing system (every 30 or 60 minutes) to a per-minute billing system, leading to increased costs for consumers despite the intention of more precise billing [1][2][4]. Pricing Changes - The new per-minute billing rates have resulted in higher costs for consumers. For example, a user who rented a power bank for 120 minutes paid 6 yuan under the new system, compared to 5 yuan for 148 minutes under the previous system [2][4]. - The average cost per minute has increased, with many locations charging between 0.08 yuan and 0.12 yuan per minute. This has led to significant price hikes, such as a 50% increase in hourly rates at some locations [4][5]. Consumer Experience - Consumers have reported confusion and dissatisfaction with the new pricing structure, as the cost can exceed previous rates if usage slightly surpasses the new billing thresholds [6][7]. - The inconsistency in pricing across different locations, even within the same brand, has created a chaotic environment for consumers, making it difficult to compare prices effectively [7][8]. Industry Response - The shift to per-minute billing is aimed at meeting diverse consumer needs, but it has also led to hidden price increases at many points [5][7]. - Some brands have maintained their previous pricing structures, indicating that not all companies are following the trend of increasing prices under the new billing system [6].