2025年，秦淮区启动了"中国人文旅游第一区"建设，发布文旅产业高质量发展十项行动计划，着力打造 有国际影响力的文化旅游目的地和消费集聚区。据统计，2025年秦淮区全年游客接待量超9000万人次， 文旅消费总收入突破920亿元，均居全市第一。 1月7日，南京市秦淮区三届人大五次会议开幕。秦淮区人民政府区长凌向前作政府工作报告。报告显 示，2025年，秦淮区启动"中国人文旅游第一区"建设，全年实现游客接待量超9000万人次，文旅消费总 收入突破920亿元，均居南京第一。2026年，秦淮区还将实施老城南地区"快进慢游"交通网络构建、夫 子庙北牌坊区域重塑升级等一批重点文旅工程。 回顾2025： 游客流量、文旅消费收入双双全市居首 根据报告，2025年秦淮区预计全年地区生产总值增长5%以上，突破1600亿元；一般公共预算收入增长 6%；固定资产投资增长2%；社会消费品零售总额增长5%。 投资方面，2025年中江资环、格灵深瞳等一批高能级项目落户秦淮区，全年招引优质项目112个，预计 完成实际投资总额90亿元。 作为南京市社零消费大区，2025年秦淮区加快推进消费潜力有序释放。金陵中环、京东MALL、苏宁 MAX超级 ...

1月4日，长春市2026年项目建设喜迎"开门红"——二道区人民政府与京东集团股份有限公司正式签约， 京东MALL项目成功落户长春。 ◆来源：长春商务、掌上长春 终审：臧立 编辑：孙懿辞 初审：梁爽 作为京东集团旗下以"潮购科技"为主题的沉浸式综合类消费商业体，京东MALL主营家电、数码、家居 等品类，为消费者提供线上线下同质同价的一站式品质生活解决方案。项目选址在自由大路与临河街交 叉口东北侧吉祥天城地块，总投资约5亿元，预计年销售额将超过10亿元。 复审：曹光宇 ...

Core Insights - JD Group is expanding its presence in Shenzhen with the establishment of its second JD MALL in the Bao'an District, set to open for trial operations during the National Day holiday in 2026 [4]. Group 1: Project Overview - The JD MALL in Bao'an will cover an area of 36,200 square meters and aims to enhance the commercial landscape of western Shenzhen by injecting new technological consumer vitality [4]. - The project will feature a diverse range of products, including home appliances, digital devices, furniture, daily necessities, books, and leisure items, showcasing over 200 global brands such as Apple, Samsung, and Skyworth [4]. Group 2: Consumer Experience - The JD MALL will implement a "same price, same service" model for both online and offline shopping, offering various consumer benefits such as VIP one-on-one shopping assistance, brand after-sales support, immediate purchase and pickup services, a 30-day price guarantee, a 30-day return policy, and a 180-day exchange policy [6]. - The mall will also incorporate immersive shopping experiences with technology-driven features like guide robots, AR screens, and VR interactions, providing consumers with cutting-edge technological engagement and global product launches [4][6]. Group 3: Marketing and Events - The JD MALL will leverage JD Group's robust supply chain and brand resources to create a city-level marketing hub, hosting various events during key shopping periods such as 618, Double 11, May Day, and National Day, including celebrity meet-and-greets, live streaming, esports competitions, cosplay events, and music festivals [6].

对于此次收购，京东方面于12月10日表示，此次收购目的为自用，并强调"京东始终看好在香港的发展，将围绕供应链持续投资，推动零售、物流、技术研 发等业务融入香港、服务香港。" 今年以来，京东在香港市场进行了多项投资。8月，京东完成了对香港本地连锁商超品牌佳宝食品超级市场的收购，该品牌在香港拥有超过90家门店。同 月，京东物流迪拜5号仓在阿联酋正式开仓运营。9月，京东宣布与华润隆地达成战略合作，京东MALL香港首店将落户湾仔，预计2026年开业。10月，京东 旗下公司Jingda HK Trading Co.Limited获得了香港保险经纪牌照，有效期至2028年10月。 在物流基础设施方面，京东快递港岛运营中心于今年3月正式投入运营。京东方面数据显示，自2023年服务升级以来的两年间，京东快递香港日均揽收快递 量增长超50倍，内地与香港互寄快递量增长超130倍。今年618期间，香港地区成交额同比增长104%。 12月9日，香港丽新国际发布公告，宣布其实际控制的主体TIL出售了所持Surearn Profits Limited的全部股权，交易"还需获得相关审批"。该股权对应的底层 资产为位于香港中环干诺道中3号中 ...

IT之家 12 月 10 日消息，香港丽新 12 月 9 日发布公告称，公司旗下实际控制的主体 TIL 出售了其 100% 持股的 Surearn Profits Limited 的股权，上述股权 对应的底层资产为位于香港中环的中国建设银行大厦部分办公楼层，面积约 11202 平方米（含公区摊销面积），估计代价约 34.73 亿港元（IT之家注：平 均每平方米 31 万港元，现汇率约合每平方米 28.2 万元人民币），交易还需获得相关审批。 据《每日经济新闻》今日报道，收购方为京东控股的投资主体。中国建设银行大厦位于香港中环干诺道中 3 号，是中环地区重要的甲级摩天商业大厦。对 于此次购得大厦部分楼层，京东方面对记者表示，京东始终看好在香港的发展，将围绕供应链持续投资推动零售、物流、技术研发等业务融入香港。 2023 年 10 月，香港特别行政区政府引进办宣布成功引进 30 家创新科技企业落户香港，其中 8 成来自中国大陆，个别来自美国和英国等地，包括华为、 京东、美团、联想、阿斯利康等等。 2024 年 9 月，京东宣布将进一步加码香港市场布局，初期投入 15 亿元，长期上不封顶，投入将主要用于商品价格补贴 ...

Group 1 - JD.com is accelerating its expansion into the Hong Kong market, acquiring a 50% stake in a 27-story office building for approximately HKD 34.73 billion, with the intention of self-use and enhancing its supply chain capabilities in the region [1] - The company has seen significant growth during the Double Eleven shopping festival, outperforming competitors, with overseas expansion contributing to increased sales, particularly in Hong Kong where transaction volume grew by 104% year-on-year during the 618 shopping event [2][3] - JD.com is diversifying its operations in Hong Kong, having established logistics and e-commerce branches since 2015, and recently acquiring local supermarket chain Jia Bao, as well as entering the insurance market with a new brokerage license [2][3] Group 2 - The acquisition by JD.com signals a trend of mainland Chinese companies entering the Hong Kong market, potentially transforming Hong Kong into a testing ground for mainland supply chain exports [3] - Other major Chinese internet companies, such as Alibaba and Ant Group, are also making significant investments in Hong Kong, with Alibaba and Ant Group spending approximately HKD 7.2 billion on a new headquarters [4] - Competitors like Xiaohongshu and Meituan are also expanding in Hong Kong, with Xiaohongshu opening its first office outside mainland China and Meituan's delivery service KeeTa achieving a 44% market share in just one year [5][6]

Core Insights - The signing of the Wuxi JD MALL project marks the revitalization of a commercial space that has been dormant for 12 years, located in the city center of Wuxi [1][3] - The project aims to leverage JD Group's resources to enhance consumer electronics and smart home products, focusing on new product launches and attracting flagship stores [3] Group 1 - The Wuxi JD MALL project covers an area of approximately 36,000 square meters and is set to open by the end of 2026 [3] - The project is part of Wuxi's strategy to activate idle commercial spaces and elevate the city's commercial capabilities through the introduction of leading business formats [1][3] - The previous commercial landmark, Poly Plaza, had been closed since 2012, and the project overcame challenges related to fragmented property ownership through a unique "acquisition + leasing" model [3] Group 2 - The Wuxi JD MALL will feature themes of "trendy technology" and "one-stop home," offering various experiential spaces such as DIY assembly, e-sports, coffee workshops, and family game areas [3] - The project aims to create a new consumption ecosystem that integrates shopping, experience, social interaction, and entertainment, catering to the needs of all family members [3] - JD has already established multiple flagship stores in Wuxi, and the new JD MALL will complement this by creating a retail matrix for local consumers [4]

Core Insights - JD.com reported Q3 2025 net revenue of 299.1 billion yuan, a year-on-year increase of 14.9%, with net profit attributable to ordinary shareholders at 5.3 billion yuan, down from 11.7 billion yuan in the same period last year [1] - The company emphasized the impact of the "National Subsidy" policy on consumer demand, particularly in the home appliance and computer categories, which has led to a high base effect for growth [2][3] - JD.com is focusing on product innovation, competitive pricing, and enhanced service experiences to strengthen its market position and user engagement [2][3] Financial Performance - The adjusted net profit for Q3 2025 was 5.8 billion yuan, compared to 13.2 billion yuan in Q3 2024 [1] - The company aims to maintain a healthy profit margin through supply chain efficiency and collaboration with brands [3][16] - JD's retail gross margin has shown a steady increase over 14 consecutive quarters, indicating a positive trend in profitability [16] Market Strategy - JD.com is actively expanding its international presence, particularly in Europe, through its Joybuy platform, which has begun operations in several countries [4][5] - The company plans to leverage its supply chain advantages to support Chinese brands entering international markets [4] - JD's strategy includes enhancing user experience and operational efficiency in its international business while maintaining a controlled investment approach [6] E-commerce and User Engagement - The company reported a significant increase in active users, surpassing 700 million, with a strong growth rate in daily active users [11] - The collaboration between JD's food delivery service and its core retail business is expected to enhance user engagement and cross-category shopping behavior [10][12] - The introduction of the "Seven Fresh Kitchen" model aims to address food safety concerns and improve user experience in the food delivery segment [7][8] Product Categories and Growth - JD's daily necessities category has achieved double-digit growth for four consecutive quarters, indicating strong demand and market potential [9] - The company is focusing on enhancing its supermarket and fashion categories through targeted marketing and improved supply chain capabilities [9][15] - JD's platform ecosystem is expanding, with a notable increase in the number of active third-party merchants, contributing to revenue growth from commissions and advertising [14][15]

Core Insights - The company reported a revenue of 299.1 billion RMB for Q3 2025, representing a year-on-year growth of 14.9%, while the net profit attributable to ordinary shareholders decreased by 120.8% to 5.3 billion RMB [1][2]. Retail Performance - JD Retail achieved a revenue of 250.6 billion RMB in Q3 2025, up from 225.0 billion RMB in Q3 2024, marking an increase of 11.4% [2][9]. - The company launched five strategic initiatives to expand JD Supermarket's user base over the next three years, focusing on product differentiation and operational efficiency [3]. Logistics Development - JD Logistics reported a revenue of 55.1 billion RMB in Q3 2025, a significant increase of 24.1% compared to the previous year [2][9]. - The company opened a new high-standard warehouse in Dubai, marking its ninth overseas warehouse in the Middle East, enhancing its logistics capabilities in the region [4]. New Business Segment - The new business segment, which includes JD Delivery, saw a revenue increase of 213.7% year-on-year, recovering from a previous decline of 25.7% [6][8]. - Despite the growth in revenue, the new business segment still faced significant operational losses, amounting to 157.36 billion RMB in Q3 2025 [6][7]. Health Sector Initiatives - JD Health signed strategic cooperation agreements with major pharmaceutical companies, launching several new drugs on its platform [5]. - The company is developing an AI-driven health management system, aiming to cover various health monitoring areas beyond just blood sugar management [5]. Share Buyback and Market Performance - The company announced a share buyback plan, repurchasing approximately 80.9 million Class A ordinary shares for about 1.5 billion USD, with a remaining buyback amount of 3.5 billion USD [11]. - As of the report date, JD's stock was trading at 31.25 USD per share, reflecting a decline of 1.14% [11].

Core Viewpoint - The recent surge in offline stores by e-commerce giants like Tmall and JD is reshaping the home furnishing retail landscape, emphasizing smart home solutions and immersive shopping experiences [1][2][12]. Group 1: E-commerce Expansion - Tmall Genie opened eight stores in Sichuan, marking a significant offline expansion that contrasts with the relative calm of traditional retail [1][2]. - JD MALL has surpassed 26 stores nationwide, focusing on a one-stop shopping experience that includes a wide range of products [1][2]. - The competition between Tmall and JD in offline retail is intensifying, with both companies adopting innovative strategies to attract consumers [2][3]. Group 2: New Retail Models - The shift from traditional retail to integrated smart home solutions is evident, with Tmall Genie implementing a "space as a service" strategy that enhances user experience through automation [2][4]. - Tmall Genie collaborates with local traditional retailers like Fusenmei to create immersive AI home experiences, showcasing advanced smart home technologies [4][5]. - JD MALL is pursuing a heavy asset model with large self-operated stores, while also forming partnerships with traditional retailers like Juran Home to enhance its market presence [4][5]. Group 3: Traditional Retail Response - Traditional home furnishing retailers are not passive; they are actively transforming into smart home experience centers to compete with e-commerce [6][7]. - Juran Home aims to establish over 30 smart home experience centers, focusing on personalized consumer trends and integrated smart home solutions [7]. - Red Star Macalline is undergoing a comprehensive transformation to appeal to younger consumers through digital channels and innovative service models [8]. Group 4: Market Dynamics - The competition is not just between e-commerce and traditional retail; both sides face unique challenges in adapting to changing consumer demands [10][11]. - E-commerce platforms are expanding into lower-tier cities, which may disrupt the existing traditional retail landscape [10][11]. - The effectiveness of e-commerce's offline expansion in converting foot traffic into long-term sales remains uncertain, as the home furnishing sector involves complex customer interactions [11][12]. Group 5: Future Outlook - The future of home retail will blur the lines between online and offline, with a focus on experiential shopping and emotional connections with consumers [12]. - Both e-commerce giants and traditional retailers must adapt to the evolving landscape to maintain competitiveness in the home furnishing market [12].