Core Insights - The "10 Trillion City Center" New Quality Business Development Conference was held in Foshan, focusing on exploring new commercial dynamics, models, and scenarios through a collaborative mechanism between government and industry associations [1][2] - The establishment of the "10 Trillion City Center" Business Development Alliance aims to enhance resource flow and cooperation among six major GDP city centers, addressing the challenges of homogenization in urban competition [2][3] - The alliance has shown significant results in mechanism construction, resource sharing, and market expansion, with over 40 investment projects initiated in Foshan and more than 10 commercial brands expanding into alliance cities [2][6] Industry Reports and Trends - The 2024 Guangdong Chain Operation Development Report indicates that the top 100 chain enterprises in Guangdong achieved a sales scale of 537.6 billion yuan, a decrease of 1.1% from the previous year, while the number of stores increased by 7.1% to 188,000 [4] - The average gross profit margin for listed chain enterprises fell to 35.7%, the lowest in five years, highlighting the challenges faced by the industry [4] - Emerging economic systems such as ice and snow economy, silver economy, and sports economy are being prioritized to help chain enterprises break through traditional business frameworks [5] Regional Development and Collaboration - The alliance emphasizes the creation of a cross-regional commercial collaboration network, effectively breaking down regional barriers and establishing a differentiated commercial ecosystem [3][6] - Foshan's commercial transformation is being supported by the alliance's practices, which provide replicable experiences for urban commercial upgrades [6][7] - The introduction of new brands and platforms in Foshan, such as 24 first stores and major platforms like Douyin and Sam's Club, indicates a growing commercial capacity [7] Economic Performance - In 2024, Foshan's social retail sales reached 88.211 billion yuan, a growth of 1.4% year-on-year, with significant increases in tourism revenue and visitor numbers [7] - The city is actively promoting cultural and commercial integration through various events and initiatives, aiming to enhance its status as a commercial consumption center [8]