12月30日，曹操出行（02643.HK）抛出上市后的首笔重大并购方案，以合计2.9亿元现金将吉利系旗下蔚星科技有限公司（下称"耀出行"）、浙江吉利商 务服务有限公司（下称"吉利商旅"）收入囊中。 耀出行聚焦高端商务出行，是由奔驰和吉利集团共同推出的豪华出行品牌，本次交易完成后，奔驰母公司彻底退出其股权结构。吉利商旅则是吉利集团内 部的商旅管理服务平台，专门提供企业商旅解决方案服务。 成立于2015年的曹操出行，是吉利控股集团布局移动出行领域的核心平台，2025年6月在港交所挂牌上市，目前位居国内网约车平台前三名之列，2024年 市场份额达5.4%。 图/曹操出行官微 最新的财报数据显示，曹操出行2025年上半年营收达94.56亿元，同比增长53.5%，当期亏损4.95亿元，但已有收窄趋势。在C端出行业务持续亏损的背景 下，拓展B端商旅出行成为其改善盈利的重要方向。 此次并购也被视为曹操出行加码B端的明确信号。曹操出行CEO龚昕表示，通过并购整合资源，有望打通从日常通勤、商务接待到差旅管理的全场景服务 链条，以此打造"一站式科技出行平台"。 与此同时，控股股东的禁售承诺也在为这笔交易背书。 就在公布并购方案的 ...

Core Insights - Cao Cao Mobility has announced its first strategic acquisition since going public, acquiring 50% of Weixing Technology and 100% of Geely Business Travel for a total cash consideration of 2.25 billion yuan and 65 million yuan respectively, aiming to integrate business travel and high-end transportation services [1][2][4] Group 1: Acquisition Details - The acquisitions will allow Cao Cao Mobility to fully own Weixing Technology and Geely Business Travel, enhancing its service offerings in the business travel sector [1][2] - The acquisition prices are slightly below the fair value estimates of the companies, indicating a strategic move to ensure successful integration [8][9] - Both acquired companies have strong ties to Geely Group, which may reduce uncertainties in the integration process [5][6][7] Group 2: Strategic Intent - The acquisitions signal Cao Cao Mobility's intent to enter the business travel market, which is projected to grow significantly, with global business travel spending expected to reach $1.57 trillion by 2025, a 6.6% increase from 2024 [18] - The company aims to build a "one-stop technology travel platform," addressing the fragmented nature of business travel services [20][24] - Cao Cao Mobility's existing strengths in short-distance travel services complement the offerings of the acquired companies, potentially creating a comprehensive solution for corporate travel needs [12][23] Group 3: Market Context - The business travel market has shown growth potential, with a significant demand for integrated services that cover various travel needs, including short-distance transportation [18][20] - Cao Cao Mobility's average daily order volume reached 2.108 million, a 50.6% year-on-year increase, indicating a strong operational foundation to support its expansion into business travel [20][21] - The company has been actively deploying customized vehicles, contributing to a GMV of 2.5 billion yuan, which reflects its capability to enhance service offerings in the business travel sector [21][28] Group 4: Future Prospects - The integration of Weixing Technology and Geely Business Travel is expected to enrich Cao Cao Mobility's platform functionalities, potentially allowing users to manage all aspects of business travel in one place [23][24] - The move towards business-to-business (B2B) services is anticipated to increase customer loyalty and transaction values, providing a new revenue stream for the company [31][32] - The acquisition may also facilitate the collection of valuable travel data, enhancing operational efficiency and service delivery [33]

新浪科技讯 12月31日上午消息，曹操出行宣布两项重要战略收购：收购蔚星科技有限公司（下称"耀出 行"）100%股权；拟收购浙江吉利商务服务有限公司（下称"吉利商旅"）100%股权。待两项收购事项分 别完成后，耀出行、吉利商旅将成为曹操出行的全资附属公司。 曹操出行自2016年启动企业客户服务，截至2024年12月31日，已累计服务超过1.35万家企业。耀出行拥 有成熟的企业会议活动、企业日常用车及高端网约车业务，吉利商旅可提供全流程差旅解决方案以及会 议及活动的全案服务。完成整合后，耀出行、吉利商旅将借助曹操出行的平台势能，持续为现有客户提 供优质服务。曹操出行将在企业服务端释放协同效应，形成覆盖个人与企业、"出行+商旅"的一站式科 技出行平台，为企业客户提供一站式出行和商旅服务。 新浪科技讯 12月31日上午消息，曹操出行宣布两项重要战略收购：收购蔚星科技有限公司（下称"耀出 行"）100%股权；拟收购浙江吉利商务服务有限公司（下称"吉利商旅"）100%股权。待两项收购事项分 别完成后，耀出行、吉利商旅将成为曹操出行的全资附属公司。 曹操出行自2016年启动企业客户服务，截至2024年12月31日，已累计 ...

瑞财经 吴文婷12月12日，广东美亚旅游科技集团股份有限公司（以下简称"美亚科技"）北交所IPO过会，保荐机构为广发证券股份有限公司。 美亚科技是泛商旅综合解决方案提供商，下设美亚航旅、美亚商旅、美亚旅行三大业务板块，主要面向旅业同行客户和企事业客户，提供涵盖航旅票务、商 旅管理和会奖旅游三大场景的数字化泛商旅出行服务。 商旅管理方面，公司致力于为大中型企事业客户提供数字化、精益化的商旅管理服务和咨询解决方案。2024年公司商旅管理销售规模逾40亿元，市场份额位 列国内第一梯队。 据招股书，2022年-2024年及2025上半年，美亚科技实现营收分别为4.57亿元、3.54亿元、4.01亿元、1.83亿元；归属于母公司所有者的净利润分别为4032.8 万元、7218.35万元、7740万元、3627.63万元。 北交所要求美亚科技，结合行业发展趋势、新技术及新业务模式导入情况、市场竞争格局及公司自身优劣势等，说明未来业务成长性。 | 项目 | 2025年6月30日 | 2024年12月31日 | 2023年12月31日 | 202: | | --- | --- | --- | --- | --- | | | ...

在上市委会议现场，关于业绩稳定性，上市委要求美亚科技结合行业发展趋势、新技术及新业务模式导 入情况、市场竞争格局及公司自身优劣势等，说明未来业务成长性。 另外，关于经营独立性，上市委要求美亚科技结合实际控制人所控制企业的总体经营情况、融资情况、 偿债资金主要来源等，说明实际控制人控制的其他企业是否存在财务风险，是否与公司实现有效风险隔 离。 北京商报讯（记者 马换换 李佳雪）12月12日晚间，北交所官网显示，广东美亚旅游科技集团股份有限 公司（以下简称"美亚科技"）IPO当日上会获得通过。 据了解，美亚科技是泛商旅综合解决方案提供商，下设美亚航旅、美亚商旅、美亚旅行三大业务板块， 主要面向旅业同行客户和企事业客户，提供涵盖航旅票务、商旅管理和会奖旅游三大场景的数字化泛商 旅出行服务。公司IPO于2024年6月27日获得受理，当年7月24日进入问询阶段。本次冲击上市，公司拟 募集资金约2亿元。 ...

Core Insights - The forum focused on the theme of "Brand Strategy and Industrial Upgrading in the New Landscape of Going Global" amidst global economic restructuring [1] - It aimed to explore the path of brand elevation and global strategic advancement for industries in the context of a new global framework [3] Group 1: Brand Development - Chinese enterprises need to transition from "Made in China" to "Global Brands," overcoming challenges related to brand strength despite large company sizes [4] - The COO of Ctrip shared that their international expansion has two phases: first, providing management services to Chinese companies going abroad, and second, offering services to local enterprises [6] - The chairman of a medical technology company emphasized the need for a shift from selling products to improving treatment methods and providing long-term services [6] Group 2: Collaborative Strategies - The forum highlighted the importance of collective efforts among Chinese enterprises, advocating for a shift from "going it alone" to "collective win-win" strategies through collaborative innovation [7] - The CEO of a Chinese liquor company discussed the need for cultural adaptation and localized marketing strategies to overcome challenges in international markets [9] - A technology executive noted that the era of relying on single products is over, and emphasized the importance of breaking down barriers and fostering an ecosystem for sustainable growth [9] Group 3: Ecosystem and Value Creation - The core of brand globalization is value co-creation, and the key to industrial breakthroughs lies in ecological competition and cooperation [10] - Future competition will be based on ecosystems, where companies must learn to collaborate while also competing [10] - The forum served as a platform for practical insights, addressing the challenges of globalization and the need for localized strategies in various markets [10]

Group 1: Nestlé Leadership Change - Nestlé Group announced the appointment of Philipp Navratil as CEO, replacing Laurent Freixe, who was dismissed due to an investigation into an undisclosed romantic relationship with a subordinate, violating the company's code of conduct [1] - Navratil has been with Nestlé since 2001 and has held various leadership roles, including overseeing the coffee and beverage business in Mexico [1] - The leadership change may impact short-term business strategies, but long-term focus on coffee and health food sectors is expected to strengthen Nestlé's market position [1] Group 2: Alibaba Business Travel AI Solution - Alibaba Business Travel launched a one-stop AI travel solution, which includes modules for employee travel and enterprise management, currently in internal testing [2] - The solution leverages Alibaba's ecosystem and data to provide intelligent recommendations, bookings, and expense control strategies [2] - The AI aims to address the challenges of cost, compliance, and experience in travel management, potentially transforming the efficiency of corporate travel [2] Group 3: China-Russia Visa Policy - China announced a one-year visa exemption policy for ordinary passport holders from Russia, effective from September 15, 2025, to September 14, 2026 [3] - This policy aims to facilitate personnel exchanges between China and Russia, enhancing cooperation in business, tourism, and cultural exchanges [3] - The visa exemption is expected to invigorate the comprehensive strategic partnership between China and Russia [3] Group 4: Christie's Asia-Pacific Leadership Appointment - Christie's appointed Rahul Kadakia as the new President for the Asia-Pacific region, effective January 2026 [4] - Kadakia, a veteran in the jewelry sector, has been with Christie's since 1996 and has held various international roles [4] - The leadership change is significant for Christie's as it aims to expand its market presence in the Asia-Pacific region, which has seen a decline in its contribution to overall sales [4]

Core Insights - Alibaba's travel service has launched a one-stop AI travel solution aimed at addressing the long-standing challenges of cost, compliance, and experience in corporate travel management [2][5] - The AI solution emphasizes practicality and execution, utilizing a multi-agent architecture to provide precise responses to complex travel scenarios [3][4] - The Chinese corporate travel market is characterized by low penetration and high growth potential, with TMC market penetration estimated at only 10%-20% compared to 40%-50% in mature markets [7][8] Group 1: AI Solution Features - The AI system can automatically generate complete itineraries and approval forms based on three key inputs: purpose, time, and location, ensuring compliance with corporate travel policies [4][6] - It offers strong intent recognition and routing capabilities, dynamically generating optimal travel plans based on real-time data and employee preferences [4][6] - The solution redefines corporate travel service logic by focusing on service rather than control, eliminating the need for employees to prepay or reimburse expenses [5][6] Group 2: Market Position and Competition - Alibaba's travel service has quietly grown to become a leading player in the domestic corporate travel market, serving over 20,000 industry-leading clients and more than one million growing enterprises [2][8] - The competitive landscape is described as "one super and many strong," with Ctrip leading and Alibaba positioned as a disruptive challenger leveraging its ecosystem and technology [7][8] - Future competition will hinge on ecosystem collaboration, technological innovation, and the ability to provide comprehensive solutions rather than just transaction-based services [9]

Group 1 - Apple released Xcode 26 Beta 7, introducing support for GPT-5 and integration with Claude, allowing developers to choose between GPT-5 and GPT-4.1 for new conversations [2] - Quark is reportedly developing a new AI product named "ZaoDian," which combines AI creation and content interaction, with plans for a separate "Quark Learning" app in the education sector [2] - Honor's Magic V5 overseas version launched in Europe, featuring offline real-time translation, achieving an 11% year-on-year growth in a declining smartphone market [2] Group 2 - Alibaba Travel launched an AI travel solution, including modules for employee travel recommendations and enterprise management, currently in internal testing [2]

Core Viewpoint - Meiya Technology is advancing its IPO process and aims to raise 360 million yuan to enhance its smart travel services and expand internationally [1][8] Group 1: Company Overview - Meiya Technology is a comprehensive travel solution provider, offering digital travel services including air ticketing, business travel management, and incentive travel [1] - The company has obtained BSP authorization from 145 airlines, providing a competitive edge in ticket pricing [1] - Meiya Technology ranks fifth in the business travel management market in China, following major players like Ctrip and Alibaba [1] Group 2: Financial Performance - The company's revenue from 2021 to 2024 shows significant fluctuations, while net profit remains relatively stable, attributed to business restructuring [2] - Revenue from air ticketing has decreased significantly from 65.48% in 2022 to 30.42% in 2023 due to reduced charter business volume, while business travel management and incentive travel revenues are growing [2] - Cash flow from operating activities has also shown considerable volatility, not aligning with net profit trends, primarily due to the growth in business travel management and extended credit terms with clients [5] Group 3: Competitive Landscape - Ctrip Group is both a major competitor and a key client for Meiya Technology, contributing to its sales from 2021 to 2023 [6] - The relationship with Ctrip reflects the complex and diverse competitive and cooperative dynamics within the business travel industry [6] Group 4: Future Outlook - Despite financial volatility, the company expresses confidence in future growth through the development of smart travel services and international expansion [5][8] - Successful IPO is expected to provide additional funding and market attention, potentially enhancing the company's industry position and competitiveness [8]