Core Viewpoint - The introduction of the Private Economy Promotion Law marks a significant milestone for the development of the private economy in China, providing equal legal protections and opportunities for private enterprises, particularly benefiting small and medium-sized enterprises in the internet home decoration industry [1][2]. Group 1: Legal Framework and Market Access - The Private Economy Promotion Law establishes a nationwide negative list system for market access, allowing various economic organizations, including private enterprises, to enter fields outside the list on an equal legal basis [2]. - This law is expected to facilitate the national expansion of companies like TuBaTu, which currently covers 300 cities, and promote the digitalization of supply chain solutions among small decoration enterprises [2]. Group 2: Technological Development and Data Utilization - The law supports private enterprises in participating in common technology research and data market construction, enhancing data sharing and utilization [2]. - TuBaTu's core technologies, such as AI design and supply chain SaaS systems, are directly benefited by the law, which allows for deeper data application and optimization of recommendation systems [2][3]. Group 3: Industry Standardization and Ecosystem Restructuring - The law provides a fundamental institutional support to address the long-standing issues of fragmentation and low standardization in the home decoration industry [3]. - It emphasizes the "non-prohibition, entry" principle, which helps eliminate hidden barriers to market access, thus supporting platform companies in integrating small decoration enterprises [3]. Group 4: Data Security and Compliance Challenges - The home decoration industry faces challenges related to long technology conversion cycles and slow return on investment, particularly for small enterprises [4]. - TuBaTu has invested over 300 million yuan in ERP system development, highlighting the financial burden on small enterprises to keep up with technological advancements [5]. - There is a need for enhanced data security governance and the establishment of industry data security standards to address compliance costs and innovation speed [5]. Group 5: Future Outlook and Competitive Landscape - The implementation of the Private Economy Promotion Law is expected to provide more opportunities for small decoration enterprises and designers to participate in major national projects, shifting industry competition from price wars to service and quality competition [5]. - The bidding rate for private enterprises has increased by 5% year-on-year in the first quarter, indicating a positive trend that is likely to continue in the home decoration sector [5].