每经记者｜陈婷 每经编辑｜金冥羽 余婷婷 潘海福 小红书的"本地生活之路"走得并不顺利。 近日，小红书官方发布公告，宣布其本地生活产品"小红卡"将于2026年1月1日起暂停试运营，并为所有购卡用户办理全额退款。这一公告距离"小红卡"在 9月上线尚不足百日。 12月12日，上海一家连锁烘焙品牌门店的工作人员对《每日经济新闻》记者表示，"小红卡"的活动已经结束了，"市场因素，说结束就结束了"。当日，记 者在"小红卡"的精选门店中还能找到这家门店。 不过，这并不代表着小红书在本地生活赛道会就此止步。据小红卡团队在小红书上表示，其接下来会继续坚定地做好本地生活内容和工具，努力让大家做 本地生活消费决策时，都能先想到来小红书搜一搜、逛一逛。 图片来源：小红书App 可见，小红书对本地生活赛道还维持着不小的兴趣和斗志。今年9月，小红书本地产品负责人莱昂曾对包括《每日经济新闻》记者在内的媒体表示："我一 直觉得，小红书做本地生活是一个不得不做、肯定会做的事"。 "小红卡"项目的百日折戟足以说明，当前小红书还在"交学费"阶段。长远来看，小红书能走通这条不得不走的"本地生活之路"吗？ 主打"精选" 小红卡是否"先天不足"？ 9 ...

"大物业板块"继续秉持"创造价值、聚焦深耕、降本增效、简政放权"的总体管理导向。核心的基础物业 服务业务将聚焦深耕、突破重点难点，通过分级服务体系、数字化精益运营等系统化建设，持续提升客 户满意度、提高经营效益、实现高质量发展。生活服务等新业务成长板块，将依托基础物业服务口碑， 深度挖掘客户需求，利用社区资源和平台优势开拓高附加值的多元化业务，通过业务模式创新与市场化 核心能力建设，加速业务孵化落地，支撑组织实现可持续的规模增长与价值提升。职能服务板块则整合 内部资源，提高组织效率，控制经营风险，服务保障公司战略目标的达成。 与"大物业板块"相呼应，"孵化业务板块"定位为多元增量成长曲线，将承担多元增量成长的探索任务， 包括赋能、提效、规范化管理现有独立经营业务，以及研究并孵化创新业务。 值得一提的是，碧桂园服务近期在外部合作与新业务拓展方面持续推进。近日，碧桂园服务与蒙牛集团 正式达成战略合作，双方将共同推动社区便民零售业务加速落地。此外，10月末，碧桂园生活服务集团 股份有限公司与安徽科大能通科技有限公司签署协议，共同成立安徽安巡新能源科技发展有限责任公 司。该公司将基于双方的社区资源、客户基础和新能源技 ...

Core Viewpoint - Country Garden Services announced a significant organizational restructuring aimed at optimizing governance, promoting business innovation, and enhancing transformation capabilities, which includes the appointment of a new CFO and the rebranding of business segments [1][3][4]. Group 1: Management Changes - Huang Peng has resigned as CFO to focus on managing the group's incubation business, effective immediately [1][3]. - Ms. Tian Tian has been appointed as the new CFO, responsible for financial management and capital market operations [1][3]. - Huang Peng will continue as the Executive President, overseeing daily management of the incubation business segment [1][3]. Group 2: Organizational Restructuring - The company has unified its property management, new business growth, and functional service segments into a "Large Property Segment" [1][3][4]. - The strategic incubation business segment has been renamed to "Incubation Business Segment" [1][3][4]. - The restructuring aims to enhance core capabilities, stimulate organizational vitality, and clarify responsibilities, without involving personnel layoffs [2][4]. Group 3: Business Strategy - The "Large Property Segment" will focus on value creation, deepening service quality, cost reduction, and streamlining authority [2][4]. - New business growth segments will leverage the reputation of core property services to explore high-value diversified businesses [2][4]. - The Incubation Business Segment is positioned for multi-dimensional growth, including empowering existing independent businesses and researching innovative business models [2][4]. Group 4: Industry Response - Analysts view the organizational changes as a proactive response to the national "Property Service Quality Improvement Action," emphasizing the need to solidify service foundations while allowing space for high-value innovation [3][5]. - The adjustments are seen as practical and forward-looking, addressing current challenges in the property industry and providing a clear path for sustainable development [5].

Core Points - China is accelerating efforts to address the lack of standards in elderly care services due to the increasing aging population, which has become a significant public concern [1] - The National Market Supervision Administration and the Ministry of Civil Affairs jointly released the "Guidelines for the Construction of Elderly Care Service Standards System (2025 Edition)" to tackle issues related to outdated and insufficient standards [1] Summary by Sections Standard System Revision - The revised guidelines have shifted from three sub-systems in the 2017 version to four, adding a new service management standard system to regulate various aspects of elderly care institutions [2] - The new service management standards will cover admission and discharge processes, standard system construction, dispute resolution, service quality monitoring, institution evaluation, credit management, risk prevention, and protection of elderly rights [2] Future Directions - The National Market Supervision Administration plans to continue strengthening the coordination of standards for elderly products and services, focusing on key areas such as rehabilitation aids, textiles, home appliances, public facilities, smart products, and life services [2] - The aim is to accelerate the development of age-appropriate standards to enhance the quality of life for the elderly population [2]

Core Insights - Beijing Bubang Lianhua announced the reopening of its Tongzhou store as "Lianhua Hui" on December 25, following a significant upgrade [1] - The new Lianhua Hui will cover approximately 18,300 square meters, integrating shopping, dining, entertainment, and services to create a "neighborhood living space" and a "local food landmark" [1] Company Overview - The newly opened Lianhua Hui features five core segments: premium retail, food court, cultural entertainment, children's playground, and lifestyle services [1] - The flagship store, Bubang Lianhua, has planned to offer 10,742 product items, introducing more first-tier brands and specialty selected products [1] - The product structure of Bubang Lianhua is designed to overlap by 80% with that of the competitor, Pang Donglai [1]

Core Viewpoint - The article discusses the decline of WeMakePrice, a prominent South Korean e-commerce platform, highlighting its bankruptcy as a significant event in the e-commerce industry, reflecting broader challenges faced by online retail businesses in a tough economic environment [4][9][16]. Group 1: WeMakePrice's Journey - WeMakePrice was established during the early days of South Korean e-commerce, quickly rising to prominence alongside platforms like Coupang and Tmon through social commerce and group buying models [8]. - At its peak in 2019, WeMakePrice achieved annual sales of over 465.3 billion KRW (approximately 400 million USD), becoming a star in the South Korean e-commerce market [8]. - The company faced increasing competition and market changes, particularly from Coupang, which leveraged logistics and capital to become a dominant player [8][9]. - WeMakePrice's revenue plummeted to less than 200 billion KRW (approximately 170 million USD) in 2022, leading to its acquisition by Singapore's Qoo10 in 2023, but financial issues persisted [9][11]. - Ultimately, WeMakePrice was declared bankrupt in September 2025, marking the end of an era for the group buying model in e-commerce [9][16]. Group 2: Wish's Decline - Wish, once valued at 14 billion USD at its IPO in December 2020, saw its market value plummet to just 1.74 million USD by 2024, reflecting a dramatic decline in its business [11][12]. - The platform's revenue fell from approximately 2.1 billion USD in 2021 to about 570 million USD in 2022, and further down to around 56 million USD in Q3 2023, indicating severe financial distress [11][12]. - Wish faced significant challenges, including a crisis of trust with merchants due to delayed payments and penalties, leading to a mass exodus of sellers from the platform [12][13]. - The company's attempts to improve user experience and merchant relations were insufficient to reverse its decline, culminating in its sale to Qoo10 for a mere fraction of its peak valuation [12][16]. Group 3: Industry Implications - The failures of WeMakePrice and Wish illustrate a shift in the e-commerce landscape towards "stock competition," where traditional growth strategies based on traffic and capital are no longer viable [16]. - The article emphasizes that companies must adapt to survive, focusing on sustainable cash flow, user value, and operational efficiency to thrive in a challenging economic climate [16]. - The downfall of these giants signals not just an end but a new beginning for the industry, as more efficient and user-centric players are likely to emerge [16].

Core Insights - New Hope Service Holdings Limited reported a revenue of approximately 740 million yuan for the first half of the year, representing a year-on-year growth of 4.3% [1] - The company achieved a gross profit of 234 million yuan with a gross margin of 31.6%, and a net profit attributable to shareholders of 121 million yuan, up 2.4% year-on-year [1] - The board proposed an interim dividend of 0.11 HKD per share, with a payout ratio increased to 70%, reflecting the company's commitment to shareholder returns and confidence in future cash flows [1] Market Expansion Achievements - During the reporting period, New Hope Service signed third-party project contracts worth 560 million yuan, a significant increase of 59% year-on-year [2] - The company’s third-party revenue contribution rose to 84%, enhancing its independence [2] - The company managed 254 property projects covering an area of 38.035 million square meters, with 96.6% of these projects located in first-tier, new first-tier, and second-tier cities, particularly in high-energy regions of Southwest and East China [2] Quality and Service Enhancement - New Hope Service's high-end service capabilities have become a competitive advantage, successfully acquiring several high-value projects with a property fee of 5 yuan per square meter per month [3] - The overall property fee increased to 3.14 yuan per square meter per month, a 3.6% rise from the previous year [3] - The retail business penetration rate improved to 6.7%, with external client contributions rising to 60%, showcasing the company's market expansion capabilities [3] Commercial Operations Performance - The commercial operations segment successfully managed projects like Kunming Xishan Wanda and Expo Hotel, with third-party revenue contribution increasing to 18.6% [4] - The occupancy rate for managed commercial projects, such as Nanning New Changxing, reached 96.07%, with a rental increase of 1.5%, while Chengdu New Hope International had an occupancy rate of 91.31% and a rental increase of 11.2% [4] Technological Empowerment - New Hope Service made significant progress in digitalization, achieving a cost reduction of approximately 640,000 yuan annually through the "AI + Robot + Human" model [5] - The integration of robots and AI in service operations allowed frontline employees to focus on high-value services, enhancing overall customer satisfaction [5] - The company plans to continue its high-target strategy, deepen market expansion, and enhance brand building through diversified business collaborations [5]

Core Insights - New Hope Service reported a revenue of RMB 739.8 million for the mid-year of 2025, representing a 4.3% increase compared to RMB 709.0 million in the same period of 2024 [1] Revenue Breakdown - Property management services generated revenue of RMB 467.1 million, accounting for 63.1% of total revenue, and increased by 15.2% from RMB 405.6 million in 2024 [1] - Lifestyle services achieved revenue of RMB 176.6 million, making up 23.9% of total revenue, with a growth of 3.6% from RMB 170.4 million in 2024 [1] - Commercial operation services reported revenue of RMB 48.2 million, representing 6.5% of total revenue, which is a decrease of 26.1% from RMB 65.2 million in 2024 [1] - Non-owner value-added services generated revenue of RMB 47.9 million, also 6.5% of total revenue, down by 29.2% from RMB 67.7 million in 2024 [1] Profitability Metrics - The gross profit for the period was RMB 233.7 million, a slight increase of 0.6% from RMB 232.3 million in 2024, with a gross margin of 31.6% [1] - The profit attributable to equity shareholders for the period was RMB 120.9 million, up by 2.4% from RMB 118.1 million in 2024 [1] - The net cash flow from operating activities was approximately RMB 21.0 million, compared to a negative cash flow of approximately RMB 26.1 million in 2024 [1] Project Management - The number of projects under management reached 254, with a managed area of approximately 3.8 million square meters, reflecting a growth of about 7.4% compared to 2024 [2] - The number of signed projects was 269, with a signed area of 4.14 million square meters, marking a growth of 2.2% from 2024 [2]

Core Viewpoint - The meeting emphasized the importance of developing a modern service industry in Guangdong to enhance economic resilience and support the transformation of the manufacturing sector into a stronger entity [1][2][3] Group 1: Modern Service Industry Development - The meeting highlighted the need for a deep integration of advanced manufacturing and modern services, which is crucial for the growth of the service sector and the overall economy [1][2] - Guangdong's large manufacturing scale and comprehensive system provide ample opportunities for modern services to enhance service supply, facilitating the province's transition from a "manufacturing province" to a "strong manufacturing province" [2] - The government aims to expand digital services, support platform enterprises, and cultivate new business models to drive the growth of the modern service industry [2] Group 2: Strategic Goals and Actions - The meeting outlined specific goals, including enhancing financial services to align with the modern industrial system and improving life services to boost consumption and welfare [2] - Legislative efforts will be accelerated to support the development of modern services, including regulations for express delivery, exhibition industry, and cultural industries [2][3] - Collaboration among various stakeholders, including government departments and enterprises, is essential to overcome bottlenecks in service industry development and to ensure effective implementation of strategies [3]

Core Insights - Nanjing has opened over 200 first stores in the first half of the year, with more than 43% being from Jiangsu and above, showcasing a trend of "quantity and quality improvement, diverse formats, and all-region collaboration" [1][2] - The first store matrix in Nanjing is continuously optimizing, with a multi-level ecosystem formed by national leadership, regional radiation, and local innovation [1] - The distribution of first stores aligns with consumption upgrade trends, with nearly 52% being in the dining sector, indicating a shift from mere sustenance to social engagement [1][2] Distribution and Economic Impact - First stores are widely distributed across major business districts and emerging areas in Nanjing, with significant contributions from core districts like Qinhuai and Xuanwu [2] - The "first store economy" is becoming a vital engine for urban economic development and consumer growth, supported by policies expanding from "first store economy" to "first launch economy" [2][3] - Nanjing has implemented over ten million yuan in support policies for the first store economy in recent years, enhancing its attractiveness for new brands [2] Future Development - The 2025 First Launch Economic Development Conference in Nanjing resulted in the signing of 19 high-energy projects, further invigorating the consumer market [3] - Nanjing aims to enhance its influence and radiation of the first launch economy by leveraging the conference platform and focusing on various fields [3] - Initiatives like the "First Creation Jinling" action will promote new consumer brand showcases and diversify consumption scenarios to drive continuous innovation in the first launch economy [3]