从无到有打造眼镜产业 浙江小镇写就产品出海"生意经" 图为11月25日，游人在中国杜桥眼镜博物馆内了解当地眼镜产业发展历史。中新社记者 王刚 摄 图为11月25日，自动化设备快速加工眼镜框。中新社记者 王刚 摄 图为11月25日，工人对即将下线的眼镜进行检测。中新社记者 王刚 摄 图为11月25日，工人打磨眼镜镜片。中新社记者 王刚 摄 图为11月25日，临海眼镜协会副会长陶永才介绍当地眼镜产业发展初期的业务形态。中新社记者 王刚 摄 图为11月25日，盈昌集团有限公司董事长李岳生(左)指导工人生产眼镜产品。1977年李岳生利用变 卖家畜的资金投资眼镜进行销售，在此后的数十年间，其转辗上海、沈阳、广州等地销售眼镜，并数次 经历生意上的跌宕起伏。如今李岳生开起了自己的眼镜厂，拥有多个品牌，产品市场已遍布全国各地。 中新社记者 王刚 摄 图为11月25日，工人在生产眼镜配件。中新社记者 王刚 摄 图为11月25日，工人在数控机床内加工眼镜镜片。中新社记者 王刚 摄 编辑：熊思怡 图为11月25日，客商在中国·杜桥眼镜城试戴选购太阳镜。中新社记者 王刚 摄 图为11月25日，李岳生查看已下线眼镜产品的细节。中新社记 ...

Core Points - JD.com has launched a "30-day satisfaction guarantee" service for its self-operated eyewear category to reduce consumer concerns and enhance the online eyewear shopping experience [1][3] - The service allows customers to return products within 30 days if they are dissatisfied with the style, prescription, or fit, marking an upgrade from the previous 7-day return policy [3] - During the 11.11 shopping festival, JD.com is offering multiple promotions, including a 15% discount, brand lenses starting at 25% off, and up to 24 months of interest-free payments [7] Service Enhancements - The introduction of the "30-day satisfaction guarantee" signifies the further improvement of JD.com's eyewear service system, which includes the establishment of the first eyewear ecological warehouse in March, enabling a one-stop service for eyewear processing [3] - JD.com plans to expand its eyewear ecological warehouses to eight additional locations nationwide to enhance service coverage and efficiency [3] Additional Services - JD.com offers a "buy one, try three" service, allowing customers to try on three pairs of glasses for the price of one, with a selection period of 7 days [5] - The "安心品质" (Quality Assurance) label for sunglasses categorizes products based on UV protection, corrosion resistance, and anti-glare capabilities, ensuring consumers can confidently choose quality products [5] Consumer Experience - With the rollout of the "30-day satisfaction guarantee," ecological warehouses, and additional services, JD.com is positioning itself as a preferred platform for online eyewear shopping [9]

Core Insights - The 2025 Taizhou (Duqiao) International Eyewear Expo and China (Taizhou) Eyewear E-commerce Selection Conference aims to help companies explore diverse markets and promote the integration of cross-border e-commerce with market procurement, aligning with the "Zhejiang Going Global" initiative [1][2] - The expo features a new e-commerce selection theme, leveraging the advantages of local industrial bases to transform traditional markets through a "professional exhibition + e-commerce live streaming" model, expanding global development opportunities for the Taizhou eyewear industry [1][2] Industry Overview - Duqiao Town, the expo's host and a core area of the Taizhou eyewear industry, has over 1,000 supporting enterprises and a scale exceeding 7 billion yuan, leading the nation in sunglasses production and market share [1] - The expo spans over 30,000 square meters, featuring five major thematic exhibition areas, and attracts over 300 participating enterprises and 11,000 buyers, with foreign buyers increasing by approximately 20% year-on-year [2][3] Innovation and Collaboration - The expo promotes the integration of traditional craftsmanship with modern technology, enhancing design, manufacturing, and channel collaboration to inject new momentum into industry innovation [2][3] - The event includes the second National Eyewear Industry Talent Entrepreneurship and Innovation Competition, showcasing diverse works from 162 participants across 15 countries, emphasizing the shift from "manufacturing" to "creation" in the eyewear industry [3] E-commerce and Digital Transformation - Special zones for global eyewear e-commerce, live streaming, and cross-border export are established, featuring participation from major domestic and international e-commerce platforms, enhancing the dual empowerment effect of "supply chain advantages + digital channels" [3][4] - Concurrent events such as the "China (Taizhou) Eyewear E-commerce Development Forum" and "Global Cross-border Resource Matching Conference" provide platforms for industry professionals to exchange ideas and accelerate the branding and internationalization of the Taizhou eyewear industry [4]

Core Insights - The Southeast Asian market is experiencing rapid growth, with a noticeable increase in acceptance of Chinese brands, as highlighted by the founder of Yifu Glasses, who secured a signing intention worth over $1.5 million with Vietnam's largest distributor [1][3] Group 1: Market Dynamics - Wenzhou, a key hub for the eyewear industry in China, has a complete industrial chain from design to production, and is now focusing on Southeast Asia as a new growth area due to the saturation of traditional markets [3][5] - The ASEAN Eyewear Expo, the largest of its kind in the region, attracted over 5,500 professional buyers from more than 50 countries, indicating strong international interest [3][11] - The event showcased 230 companies and over 100 well-known domestic and international brands, covering the entire eyewear supply chain [3][11] Group 2: Strategic Initiatives - The Wenzhou Municipal Council for the Promotion of International Trade organized the expo as part of a new outbound strategy to create a "golden platform" for local brands to enter the ASEAN market [3][9] - Prior to the expo, training sessions on ASEAN legal compliance and intellectual property protection were conducted to prepare local businesses for international expansion [9][11] - The success of the expo is seen as a starting point for Wenzhou's ongoing efforts to leverage exhibitions to enhance production and trade [11][12] Group 3: Brand Positioning - Chinese brands are increasingly favored in Southeast Asia due to their better alignment with local consumer preferences in terms of design and comfort [5][7] - Local companies are adapting their product offerings to meet the aesthetic preferences of Southeast Asian consumers, indicating a shift from merely selling products to building an ecosystem [8][11] - The second ASEAN Eyewear Expo is scheduled for October 2026, with plans to expand into new product categories and deepen industry collaboration [12]

Group 1 - The 2025 ASEAN International Optical Exhibition commenced in Bangkok, featuring a three-day event organized by Dena Exhibition and Boguang International, with support from various associations [1] - The exhibition covers over 10,000 square meters and showcases 230 quality exhibitors, including products and services related to sunglasses, optical frames, children's glasses, lenses, contact lenses, eye health services, and equipment [4] - The event attracted professional visitors from over 30 countries, including Thailand, Vietnam, Indonesia, and India, comprising regional agents, distributors, e-commerce platforms, and retail terminals [4] Group 2 - The exhibition features an international brand area and an Asian original designer area, highlighting the global optical industry landscape and catering to the demand for personalized, original, and high-value products [5] - Several smart eyewear companies showcased cutting-edge products, allowing attendees to experience the immersive interaction and intelligent applications of AI glasses, indicating a deep integration of artificial intelligence with the eyewear industry [5] - The event also includes a series of activities such as the Asia-Pacific Eye Health Summit, Thailand Optometry Association seminar, and Asia-Pacific Optometry Forum, providing multidimensional communication opportunities for exhibitors and buyers [7]

Core Points - The 2025 China International Service Trade Fair opened on September 10 at the Shougang Park in Beijing, with the theme "Digital Intelligence Leading, Service Trade Renewed" [2][7][25] Group 1: Event Overview - The fair features various exhibitions, including a "Cultural and Tourism Service Special Exhibition" showcasing Beijing's central axis design [5][18] - The event includes participation from multiple regions, with notable exhibits from Guangdong, Hong Kong, Taiwan, and Australia [8][12][29] Group 2: Exhibits and Activities - A robot from a Guangdong company demonstrated its capability by lifting a 15KG dumbbell [2] - The fair includes interactive experiences, such as a simulated driving activity that attracted foreign visitors [21][29] - Traditional performances, including Peking opera, were showcased in the cultural service area [18][27]

Core Viewpoint - Bain Capital, the controlling shareholder of Canada Goose, has received a privatization offer valuing the company at $1.4 billion, with significant interest reportedly coming from Chinese investors [1][2]. Group 1: Potential Buyers and Market Reactions - Boyu Capital and Advent International have made verbal offers for Canada Goose, alongside interest from brands like Bosideng and a consortium involving Anta and Fangyuan Capital [2]. - Anta and Bosideng both issued clarifications denying involvement in the potential acquisition, leading to a slight decline in their stock prices due to concerns over cash flow implications [2]. Group 2: Bain Capital's Ownership and Market Position - Bain Capital has held a controlling stake in Canada Goose for 12 years and is nearing the end of its fund's life cycle, necessitating a return on investment [4]. - The estimated entry valuation for Bain Capital was around $300-400 million, and selling at $1.4 billion represents a significant profit, despite being below the peak market valuation of $7.8 billion [4]. Group 3: Canada Goose's Brand and Financial Performance - Canada Goose has seen a drastic decline in revenue growth, dropping from 21.5% to 1.1% for the fiscal years 2022-2025, amid increasing competition and a downturn in global consumer spending [4]. - The company reported a 22.4% year-over-year revenue increase to CAD 108 million (approximately RMB 561 million) for Q1 of fiscal 2026, marking its largest growth in nine quarters [11]. Group 4: Strategic Developments and Market Challenges - Canada Goose is expanding its product line beyond winter wear to include sweaters, footwear, and sunglasses, aiming to maintain consumer engagement throughout the year [12][14]. - The brand's positioning in the high-end market faces challenges, particularly from competitors like Moncler, which has adopted a more aggressive marketing strategy [16]. Group 5: Broader Market Trends and Implications - The trend of foreign brands seeking to sell their Chinese operations is increasing, with notable examples including Decathlon and Starbucks, reflecting a shift in market dynamics [18][19]. - Anta's financial strength, with a reported net cash inflow of RMB 10.93 billion and cash reserves of RMB 55.58 billion, positions it as a potential acquirer in this environment [5].

Core Insights - TUMI has opened its first flagship store in China, located on Nanjing West Road in Shanghai, and plans to expand its market presence further [1][3][7] - The opening of the flagship store marks TUMI's confidence in the Chinese market, reflecting a growing demand for high-quality products with deeper meanings and emotional connections [3][5] Group 1 - TUMI is celebrating its 50th anniversary this year and aims to open more stores while conducting region-specific activities [3] - The brand currently has over 20 stores in China, with three new stores opened in first-tier cities last September, including one in Shanghai [3] - The choice of Shanghai for the flagship store is due to its diverse consumer base and its status as a leader in fashion and culture [3][5] Group 2 - TUMI is adapting to the digital trends in China by engaging in e-commerce live streaming on platforms like Douyin and Xiaohongshu while maintaining its brand image based on quality and innovation [5] - The flagship store features a unique open VIP area and creative material display walls, allowing consumers to experience TUMI's innovative material technology [7] - TUMI has expanded its lifestyle product line to include items like cigar boxes, sunglasses, and personalized handbags, enhancing the shopping experience with quick customization options [7] Group 3 - The brand has appointed Chinese actor Wei Daxun as its brand ambassador for the Asia-Pacific region, reflecting its commitment to the local market and new generation consumers [7] - The flagship store's opening signifies a new chapter for TUMI's business in China and Asia, showcasing the brand's confidence in the market [7]

Core Viewpoint - Bain Capital, the controlling shareholder of Canada Goose, is considering selling part or all of its 60.5% stake in the high-end functional apparel brand, with multiple acquisition offers received, valuing the company at approximately $1.35 billion, which is 8 times its average EBITDA over the past 12 months [1][3]. Group 1: Acquisition Interest - Advent International and Boyu Capital have made verbal offers for Canada Goose, with Advent focusing on consumer upgrades and healthcare, while Boyu is backed by top-tier limited partners [3]. - Other Chinese institutions, including Bosideng and a consortium formed by FountainVest Capital and Anta Group, have also expressed interest in acquiring Canada Goose [3][4]. Group 2: Company Background and Growth - Canada Goose was founded in 1957 and has transformed from a niche brand for extreme weather to a global luxury brand, significantly expanding its product line from 20 to 200 items under Bain Capital's ownership [4]. - The company went public in 2017, reaching a peak market value of over $7.8 billion, with the Greater China region becoming its largest market, accounting for nearly half of its global stores [4][6]. Group 3: Financial Performance - Canada Goose's sales growth has slowed significantly, with projected growth rates dropping from 21.54% to 1.1% from fiscal years 2022 to 2025 [6]. - In the first quarter of fiscal year 2025, Canada Goose reported a 22.4% year-over-year revenue increase to CAD 108 million, marking the largest growth in nearly nine quarters, with the Greater China region showing an 18.7% increase [6]. Group 4: Market Challenges - The luxury goods sector is experiencing a slowdown, and Canada Goose faces intense competition in China from brands like Lululemon and Arc'teryx, as well as local brands like Bosideng [6]. - The recent growth of Canada Goose is largely attributed to the expansion of its footwear and accessories categories, with plans to increase investment in sweaters, sunglasses, and shoes to transition into a year-round luxury brand [6][7].

Group 1: E-commerce Industry Changes - Major e-commerce platforms have adjusted the "refund without return" policy to protect merchants' rights and promote a healthier consumption ecosystem [7][9][11] - The number of cases related to "refund without return" has decreased by over 60% compared to the same period last year, indicating a positive shift in consumer behavior [8] - The adjustment of the "refund without return" rule has led to a 30% reduction in total refunds on platforms like Taobao and Tmall [11] Group 2: Innovation in the Eyewear Industry - The eyewear manufacturing sector in Taizhou, Zhejiang, has seen a transformation from low-cost competition to value creation through innovation and technology [7][14] - The introduction of advanced machinery has increased production efficiency by 8 times, allowing companies to improve product quality without engaging in price wars [14][16] - The establishment of a high-standard entrepreneurial park has facilitated collaboration among over 100 eyewear companies, enhancing supply chain efficiency and reducing costs [15] Group 3: Local Government and Investment Strategies - Local governments are shifting from offering tax incentives to optimizing the business environment to attract quality enterprises [17][19] - The focus is now on service quality and effective governance rather than merely competing on financial incentives [20][24] - The implementation of a specialized recruitment strategy for investment promotion has led to the successful attraction of numerous projects, with a total signed amount of 87 billion yuan [24]