Core Insights - The article highlights the confusion and dissatisfaction among consumers regarding pricing strategies during the Double Eleven shopping festival, particularly on the Taobao platform [2][10][14] - It discusses the failure of the 30-day price protection service, which has become ineffective and is perceived as a "blank check" by consumers [10][11] Pricing Confusion - Consumers experienced significant price fluctuations, with one product showing a price difference of up to 87 yuan within a few hours [5][7] - The article notes that the same product could have different prices based on the account or device used, with discrepancies reaching 28 yuan [6][9] Price Protection Issues - The 30-day price protection service has been criticized for not being honored, as many consumers were denied claims due to the use of coupons or discounts [3][10][11] - Customer service responses indicated that price drops resulting from promotional activities do not qualify for price protection, leading to consumer frustration [11][13] Consumer Sentiment - Many consumers feel misled by the pricing tactics, with complaints about "price fraud" where prices are artificially inflated before discounts are applied [10][14] - The article mentions a significant number of complaints related to price protection, indicating widespread dissatisfaction with the current pricing practices on e-commerce platforms [10][14]

Core Insights - Zhang Yong, former CEO of Alibaba, has made a significant move by selling a residential unit in Hong Kong through his wholly-owned company [1][3][4] - The sale of the residential unit at Zhulin Garden for HKD 53.54 million is part of a capital recycling plan by Hysan Development [1][3] - Hysan Development has been gradually selling residential units and parking spaces in Zhulin Garden since August 2025, with this transaction expected to generate approximately HKD 19.3 million in total revenue [1][3] Company Developments - Hysan Development announced the sale of a residential unit located in a prime area of Hong Kong, indicating ongoing strategic asset management [1][3] - The residential project, Zhulin Garden, consists of six buildings with a total of 345 residential units and 436 parking spaces, showcasing Hysan's focus on high-value real estate [1][3] - Zhang Yong's appointment as an independent non-executive director at Hysan Development has drawn attention, reflecting his continued influence in the business sector post-Alibaba [3][4] Industry Context - The transaction highlights the ongoing trend of capital recycling among real estate companies in Hong Kong, as they seek to optimize their asset portfolios [1][3] - Hysan Development, a well-established player in the Hong Kong real estate market, is actively engaging in strategic sales to enhance financial performance [1][3][4] - Zhang Yong's transition from Alibaba to the real estate sector signifies a potential shift in investment strategies and opportunities within the industry [3][4]

Core Insights - Zhang Yong, former CEO of Alibaba, has recently made a move by selling a residential unit in Hong Kong through his wholly-owned company [2][4] - The sale involves a residential unit in the prestigious Bamboo Garden project, with a transaction value of 53.54 million HKD (approximately 6.83 million USD) [2][4] - This transaction is part of a capital recycling plan by Hysan Development, which is expected to generate approximately 19.3 million HKD (about 2.47 million USD) in total revenue for the company [4] Company Developments - Hysan Development announced the sale of a residential unit located in a prime area of Hong Kong, consisting of six residential buildings with a total of 345 units and 436 parking spaces [2][4] - The buyer is a company fully owned by Zhang Yong, who has a significant background in the tech industry, having served in various leadership roles at Alibaba since 2007 [4][5] - Zhang Yong's recent career moves include joining Chen Yi Investment as a managing partner and being appointed to the China Business Advisory Committee of the Hong Kong Stock Exchange [5] Industry Context - The Bamboo Garden project is part of Hysan Development's strategy to optimize its asset portfolio through selective sales [4] - Zhang Yong's transition from Alibaba to the real estate sector highlights a trend of tech executives diversifying into traditional industries [4][5] - Hysan Development is recognized as a long-established player in the Hong Kong real estate market, focusing on leasing commercial and residential properties [5]

2025.10. 26 本文字数：1143，阅读时长大约2分钟 来源 | 红星资本局、 第一财经 据红星资本局，从阿里巴巴"退休"的张勇，近日有了新动态。 港股上市公司希慎兴业（00014.HK） 10月24日发布公告称，当日全资子公司广运作为卖方与买方 订立协议，根据该协议的条款及条件，广运同意向买方出售位于竹林苑的一个住宅单位（实用面积约 为2084平方呎，约合193平方米），价格为5354万港元。 信息显示，竹林苑为希慎集团发展的住宅项目，位于香港半山坚尼道地的黄金地段。该项目由6座住 宅大楼组成，共有345个住宅单位及436个停车位。竹林苑由希慎集团持有作租赁用途。 资料显示，张勇于2007年加入阿里巴巴集团，先后担任淘宝网首席财务官和首席运营官，随后兼任 淘宝商城总经理，并于2011年6月淘宝商城更名后出任独立业务的总裁。2015年5月，张勇出任阿里 巴巴CEO，2019年成为阿里巴巴集团董事会主席兼CEO。 就职阿里期间，张勇打造了双十一购物节，带领天猫吸引了大批品牌企业互联网化，让阿里顺利进入 无线时代。2023年，他曾推动阿里巴巴24年来最大的"1+6+N"组织变革。2023年9月10日，张勇 ...

Core Insights - The transformation of "Singles' Day" from a humorous self-deprecating celebration among young people into a nationwide shopping festival is a significant cultural and commercial phenomenon in China [2][10]. Group 1: Origin and Evolution of Singles' Day - The term "Singles' Day" originated in the early 2000s among university students who used it to mockingly refer to their single status, with the date 11/11 symbolizing four "ones" [2]. - In 2009, Alibaba's CFO Zhang Yong initiated promotional activities on Singles' Day to enhance Tmall's brand influence, resulting in a transaction volume of 52 million yuan in its first year with only 27 participating stores [3]. - By 2012, the total sales on Singles' Day reached 19.1 billion yuan, with other platforms like JD.com also achieving significant sales, marking the event's expansion beyond Alibaba [4]. Group 2: Logistics and Operational Challenges - The explosive growth of Singles' Day led to a logistics crisis, with 88.6 million packages collected by postal and express companies on November 11, 2014, a 70% increase from the previous year [5]. - The intense demand during this period caused a wave of resignations among delivery personnel, prompting companies to enhance their logistics capabilities and optimize delivery processes [7]. Group 3: Modernization and Globalization - The evolution of Singles' Day has seen the introduction of advanced logistics networks and delivery services, including same-day and next-day delivery options, as well as the rise of live-streaming and social e-commerce [8][10]. - Major players like JD.com and Alibaba have expanded their operations internationally, with JD.com establishing 130 overseas warehouses and Alibaba promoting the event in 20 countries, aiming to create a global shopping phenomenon akin to Black Friday [10]. Group 4: Cultural Impact and Market Dynamics - The shift from a single-day event to a month-long shopping festival reflects a broader change in consumer behavior and platform strategies, adapting to the evolving demands of consumers [10]. - The 17-year journey of Singles' Day illustrates the rapid growth of China's e-commerce sector and the platforms' ability to drive mutual benefits for consumers and merchants [10].

Core Insights - The 2025 Double Eleven shopping festival has started earlier than previous years, beginning on October 9, five days earlier than last year's start date [1] - The event has evolved from a single-day sale to a shopping season lasting over 20 days, reflecting a trend in the e-commerce industry towards extended promotional periods [3][4] Group 1: Evolution of Double Eleven - The initial Double Eleven event in 2009 generated 520 million yuan in sales, leading to exponential growth in subsequent years, with sales reaching 191 billion yuan by 2012 [2] - By 2015, the event had transformed into a "Double Eleven season" starting from November 1, indicating a shift from a single-day event to a longer promotional period [2] - The "Double Festival" model has become a standard, with both Double Eleven and other shopping festivals like JD's "618" extending their promotional timelines [3][4] Group 2: Competitive Landscape - The competition among e-commerce platforms has intensified, with new players like Pinduoduo, Douyin, and Kuaishou entering the market, prompting platforms to extend selling periods to attract more consumers [5][8] - Platforms are extending activity periods to alleviate system pressure and enhance user experience, as previous single-day events led to server crashes and logistics bottlenecks [6] - The shift to longer shopping periods allows merchants to manage inventory more effectively and reduces the risk of stockpiling or shortages [7] Group 3: Market Dynamics and Growth Challenges - The growth rate of Double Eleven has been declining, with Tmall's transaction growth rates decreasing significantly from 1772% in 2010 to just 8.5% in 2021 [10] - The industry is transitioning from a focus on low prices to a competitive strategy centered on price competitiveness across different price segments [10] - New growth engines such as instant retail and AI are emerging, with instant retail services expanding and AI becoming integral to marketing and logistics [11] Group 4: Consumer Experience - Consumers have complex feelings about Double Eleven, desiring transparent rules and genuine discounts while being frustrated by complicated promotions and potential post-sale issues [12][13] - There is a call for platforms and merchants to focus on improving the consumer experience rather than merely competing on promotional timing [14][15]

Core Viewpoint - The appointment of Zhang Yong, former chairman of Alibaba Group, to the Hong Kong Stock Exchange's (HKEX) China Business Advisory Committee is aimed at leveraging his extensive experience in the Chinese market to enhance HKEX's strategic objectives and strengthen its role in connecting China with the world [1][3]. Group 1: Appointment Details - Zhang Yong has been appointed as a new member of the HKEX's China Business Advisory Committee, which was established in 2021 to provide insights on the Chinese financial market and economic development [1][3]. - With Zhang's addition, the committee's membership will increase to nine, with Zhang Yicheng, CEO of CITIC Capital Holdings, serving as the chairman [3][5]. - Other notable members of the committee include former HKEX chairman Laura Cha and various industry leaders with deep knowledge of the Chinese market [3][5]. Group 2: Zhang Yong's Background - Zhang Yong is currently a managing partner at Chen Yi Fund and was previously well-known as the CEO and chairman of Alibaba Group from 2015 to 2023 [3][5]. - His significant contributions at Alibaba include the creation of the "Double Eleven" shopping festival and leading the company through a digital transformation [5][6]. - After leaving Alibaba, Zhang has maintained a low profile, appearing publicly only twice in 2024 and 2025, focusing on opportunities in technology development and economic transformation [4][5].

Core Insights - Zhang Yong, former CEO of Alibaba Group, has been appointed as a new member of the Hong Kong Stock Exchange's (HKEX) China Business Advisory Committee, enhancing the committee's expertise in Chinese markets [2][4] - The committee, established in 2021, now has nine members, including industry veterans who provide advisory support to the HKEX board [4][5] - Zhang Yong's extensive experience in the Chinese market and financial sector is expected to contribute valuable insights to help HKEX achieve its strategic goals [2][4] Committee Composition - The committee is chaired by Zhang Jianchen, CEO of CITIC Capital Holdings, and includes notable members such as former HKEX Chairman Laura Cha and TPG China Partner Sun Qiang [4][5] - Other members include Huang Yiping, Dean of the National School of Development at Peking University, and Ma Weihua, former President and CEO of China Merchants Bank [5] Zhang Yong's Background - Zhang Yong served as Alibaba's CEO from 2015 and became Chairman in 2019, leading significant initiatives like the Double Eleven shopping festival and the company's transition to mobile [5] - In 2023, he initiated Alibaba's largest organizational restructuring in 24 years and announced plans to establish a technology fund with a $1 billion investment from Alibaba [5] - Zhang Yong joined Chen Yi Investment in March 2024 as a managing partner, marking a new chapter in his career at the age of 53 [5]

Group 1 - Zhang Yong has been appointed as the latest member of the Hong Kong Stock Exchange's China Business Advisory Committee [1][4] - The committee was established in 2021 and consists of industry experts with deep knowledge of the Chinese market, serving as advisors to the board of the Hong Kong Stock Exchange [4][6] - With Zhang Yong's appointment, the committee's membership will increase to nine, with Zhang Yichen serving as the chairman [4][6] Group 2 - Hong Kong Stock Exchange Chairman, Tang Jiacheng, expressed pleasure at Zhang Yong's appointment, highlighting his extensive experience and understanding of Chinese enterprises and financial markets [1][3] - Zhang Yong previously served as the CEO of Alibaba Group and played a significant role in the company's growth, including the creation of the Double Eleven shopping festival [6] - In 2023, Zhang Yong initiated a major organizational transformation at Alibaba and subsequently left all management positions within the company [6]

以下文章来源于晚点LatePost ，作者晚点团队 晚点LatePost . 晚一点，好一点 作者：邱豪 管艺雯 来源： 晚点LatePost（ID： postlate ) 2016 年 11 月 9 日，29 万平方米的深圳大运中心，天猫双十一晚会的最后彩排紧锣密鼓展开， 一天后，科比·布莱恩特、贝克汉姆夫妇、托马斯·穆勒、OneRepublic、斯嘉丽·约翰逊、贝斯· 比厄、维秘超模等来自世界各地的国际明星就要在此同台。 按计划，北京时间当天下午 1 点，刚结束美国总统选举拉票的凯蒂 · 佩里将登上私人飞机，掐着 点落地深圳。她的团队已提前到达，现场配套的 "中国龙" 舞美已布置好，佩里将演唱三首歌曲 串烧，最后一曲是 Firework。Firework 被用在前一年美国 "超级碗" 中场秀，也将是四年后拜 登总统就职典礼的终场表演。 距离晚会只剩一天，工作人员突然接到通知，佩里来不了了，她支持的希拉里刚刚在美国总统大 选中败给了特朗普，佩里情绪崩溃，无法赴约表演。晴天霹雳，对佩里和猫晚工作人员都是。 原本严丝合缝的演出节目安排被打乱，将近十分钟的终场大秀没了，为弥补时长，原本节目单里 倒数第二个出场的马 ...