GuShiio.com New Consumption Daily, March 1, the main contents of today’s New Consumption Daily include: Jingdong Takeout held the first batch of full-time rider representatives signing ceremony; Apple iPhone 16e models were officially launched; and MANNER refuted rumors and opened to join.
New Consumer Daily, March 1,The main contents of today’s New Consumer Daily include: Jingdong Takeout held the first batch of full-time rider representatives signing ceremony; Apple iPhone 16e models were officially launched; and MANNER refuted rumors and opened to join.
industry news
Xiaomi SU7 Ultra starts delivery on March 2
In the early morning of February 28, Xiaomi founder, chairman and CEO Lei Jun announced that Xiaomi’s SU7 Ultra would be on sale in two hours and would exceed 10000 units, achieving a key goal. It is understood that the Xiaomi SU7 Ultra is priced at 529,900 yuan, with a target sales volume of 10,000 units this year. The official selling price is significantly lower than the pre-sale price of 814,900 yuan, while the New North version is consistent with the pre-sale price.
Starting from 10:00 on March 2, Xiaomi SU7 Ultra will be delivered nationwide.
Liu Genghong ends cooperation with Wuyi Media
After his contract with Worry-Free Media expired, Liu Genghong’s business ties with Jay Chou became closer. At present, on the Douyin platform, the homepages of multiple accounts such as Liu Genghong, Geng Liantuan, and Liu Genghong Health Come all show that the contract MCN is a talent planet, and it is marked as the operating account of Superstar Legend Group (06683.HK). According to public information, Superstar Legend Group Co., Ltd. was established in 2017. It was co-founded by Jay Chou’s mother Ye Huimei and agent Yang Junrong. It focuses on Jay Chou’s IP operations and new retail business. On July 13, 2023, Superstar Legend was listed on the Hong Kong Stock Exchange.
The delivery of Gaoxin Retail Sales Agreement has been completed
Gaoxin Retail and offeror Paragon Shine Limited jointly announced that the settlement of the sale and purchase agreement has been completed on February 27, 2025. The offeror and Lavender Haze Limited(the buyer’s designated entity) acquired a total of approximately 7.508 billion shares from the vendor, representing approximately 78.70% of the company’s entire issued share capital as at the date of this joint announcement. The consideration was paid or payable by the offeror as follows: an amount of approximately HK$6.907 billion was paid in cash on the settlement date of the sale and purchase agreement (after deducting the applicable stamp duty payable by the seller); the balance of approximately HK$3.453.5 million, together with a maximum interest of HK$0.20 per sale share, should be deferred in cash on the second payment date of the applicable sale and purchase agreement.
On February 28, Gaoxin Retail Co., Ltd. announced a series of important board changes. According to the announcement, Ms. Qin Yuehong resigned as a non-executive director and a member of the audit committee, nomination committee and remuneration committee, and Mr. Han Liu also resigned as a non-executive director. Both resignations will take effect from the settlement date of the sale and purchase agreement.
At the same time, Mr. Huang Mingduan will resign as Chairman of the Board of Directors. The change will take effect after the publication of the comprehensive document, but he will continue to serve as a non-executive director and a member of the Nomination Committee and Remuneration Committee until the first deadline. Regarding the appointment of new directors, Mr. Hua Yuneng was appointed as the chairman of the board of directors, non-executive director and member of the remuneration committee. He will receive no director’s remuneration and will serve for three years. Ms. Wang Guannan and Ms. Mei Mengxue have also been appointed as non-executive directors, serving as members of the nomination committee and the audit committee respectively. Neither of them receives director’s remuneration and their service period is also three years.
Jingdong Takeout held the first batch of full-time rider representatives signing ceremony
On February 28, Jingdong held a signing ceremony with the first batch of full-time Jingdong takeout riders representatives. Starting from March 1, full-time riders will sign a formal labor contract with Jingdong. Jingdong previously announced that in the future, all costs of paying five insurances and one gold for full-time takeout riders who have contracted for delivery will be borne by Jingdong, including the personal payment, to ensure that the rider’s cash income will never be reduced due to paying five insurances and one gold. This initiative includes existing riders and newly added riders.
Glory cooperates with Ali in the field of AI
On February 28, Glory said that it had cooperated with Ali in the field of AI. At present, many language, visual understanding, and image generation models such as Qwen and Wan have been connected to the Glory YOYO agent. Users can experience AI functions through terminals such as Magic7 series mobile phones.
Cao Cao Zhixing Autonomous Driving Platform Launched
On February 28, Cao Cao Chuxing held a launching ceremony for the Cao Cao Zhixing Autonomous Driving Platform, announcing that it had successfully built the country’s first “FCube” global self-developed closed-loop intelligent driving ecosystem. At the same time, it launched Robotaxi operation pilots in Suzhou and Hangzhou, and launched Geely’s latest intelligent driving system vehicles. Cao Cao Chuxing CEO Gong Xin revealed that Cao Cao Zhixing plans to launch a customized Robotaxi model in 2026, and it is expected that the bicycle manufacturing cost will be significantly lower than similar models in the industry.
Pure electric coupe SUV2025 Xiaopeng G6 is renewed
Guangzhou Xiaopeng Automotive Technology Co., Ltd.(hereinafter referred to as “Xiaopeng Automobile”) officially released the 2025 G6 model in Guangzhou. The new car adopts the “leapfrog replacement” method to create annual modifications, bringing 81 upgrade experiences in terms of appearance, interior and configuration. The entire series comes standard with Turing AI smart driving and 5C supercharged AI batteries. It is expected to be available in early March and the price will be announced.
He Xiaopeng, chairman of Xiaopeng Motors, posted a post on Weibo on the 28th that it was a pity to miss the debut of Xiaopeng G6. He said that Xiaopeng essentially wants to be a “global AI car company” and continues to explore new and better technologies and apply them in new models, but it does not necessarily have to be the most expensive models, so that more people can enjoy it.
Jiangnan Buyi announces results for the first half of 2025
Jiangnan Clothing Co., Ltd.(stock code: 3306.HK) announced its interim results for the six months ended December 31, 2024 (the “first half of fiscal year 2025”), showing that total revenue for the six months ended December 31, 2024 increased by approximately 5.0% year-on-year to RMB 3.156 billion. Compared with the first half of fiscal year 2024, revenue generated through online and offline sales channels increased in the first half of fiscal year 2025, with revenue from offline channels increasing by 3.5% to RMB 2.554 billion, and revenue from online channels increasing by 11.9% to RMB 602 million.
In terms of multi-brand sustainable large-scale operations, its JNBY’s revenue was RMB 1.76 billion, accounting for 55.8% of total revenue. The sketching, jnby by JNBY and LESS brands launched one after another between 2005 and 2011 generated revenue of RMB 1.202 billion, accounting for 38.1% of total revenue. The emerging brand portfolio, including multiple emerging brands such as POMME DE TERRE, JNBYHOME, onmygame and B1OCK, generated revenue of RMB 194 million, an increase of 147.3% over the same period last year, accounting for 6.1% of total revenue.
At the same time, as the company’s overall gross profit margin was maintained at a high level of 65.1%, online channels increased by 2.3 percentage points year-on-year to 64.2% in the first half of fiscal year 2025.
According to financial report data, as of December 31, 2024, the total number of independent physical retail stores operated by Jiangnan Buyi globally has increased from 2025 on June 30, 2024 to 2126. The retail network covers all provinces, autonomous regions and municipalities directly under the Central Government in mainland China and 8 other countries and regions around the world.
Data shows that as of December 31, 2024, the retail sales contributed by company members accounted for more than 80% of the total retail sales. In 2024, the number of member accounts with total purchases exceeding RMB 5000 (2023: nearly 300,000), and their consumer retail sales will also reach RMB 4.68 billion (2023: RMB 4.33 billion), contributing more than 60% of the total retail sales of offline channels.
Naixue’s tea stock price rose more than 60% in two days
After a 33% surge on February 26, Naixue’s tea once rose by more than 40% on February 27, and surged back in the afternoon. As of the close, Naixue’s tea newspaper was HK$2.15 per share, an increase of 21.47%, with a turnover of HK$1.380 billion and a total market value of HK$3.670 billion. According to statistics, the cumulative increase in Naixue’s tea has reached 61.65%. It is worth noting that Naixue’s tea stock price has been in a broken state for a long time, and has dropped 89% from the issue price so far.
Huawei Mate70 Pro Premium Edition will go on sale on March 5
On February 28, according to Huawei’s terminal official Weibo message, the Huawei Mate70 Pro Premium Edition will officially go on sale at 10:08 on March 5, starting at 6199 yuan.
Apple’s iPhone 16e model officially goes on sale
On February 28, Apple’s iPhone 16e officially went on sale. The new machine is equipped with an A18 chip and provides 128GB, 256GB and 512GB storage specifications. The starting price is 4499 yuan, and the national supplement price starts at 3999 yuan.
Traveling on the same journey will use the DeepSeek version of the Cheng Xin model
On February 28, Tongcheng Travel announced that its tourism industry model Tongcheng Chengxin Model will be fully connected to DeepSeek, becoming the first OTA platform to connect to DeepSeek.
Xiaohongshu fully opens local living catering businesses to settle in
Recently, Xiaohongshu issued an announcement stating that the store address requirements for the platform’s local group buying product functions will be revised to: support merchants from the mainland of China to settle in. Before the revision, this feature was only open to catering businesses in 49 the mainland of China cities. As early as April 2023, Xiaohongshu opened the local life group buying function for the first time, and it will only be open to five cities: Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu for a long time. In September last year, Xiaohongshu announced that the local life function would be open to merchants in 49 cities, and subsequently increased the technical service fee rate corresponding to merchants in the local life catering category on the platform from the previous 0.6% to 2.5%.
MANNER refutes rumors and opens up to join
In response to the recent statement that “MANNER may be open to join at the end of March this year”, on February 28, MANNER officially responded to the interface and stated that there are no open joining plans in the near future. Currently, MANNER has opened nearly 2000 stores across the country, all of which are in a direct sales mode. In 2025, we will continue to accelerate the expansion of the scale of directly operated stores.
Previously, market rumors said that many baristas said that MANNER had conducted internal research on opening up franchises for employees at the beginning of this year. Some baristas said that MANNER might open up franchises in March.
Ask for the M7 and M9 to change their pricing in advance before competing products are launched on the market
According to multiple independent sources, the modified model of the Wenjie M9 will be launched in the near future, nearly one quarter earlier than originally planned. The mid-term modification of the M7 has been significantly advanced from the original end of this year to the summer period. A person close to Celis said,”Wenjie does not plan to reduce prices this year, so we will speed up the revision process to withstand challenges.” The modified Wenjie M7 may increase the price and positioning of the model, distinguish it from the smart industry R7, and also compete with the Xiaomi Yu7, which will be launched in the middle of this year.
Ideal Car launches a limited-time car purchase preferential policy for the L series
On the afternoon of February 28, Ideal Automobile launched a limited-time car purchase preferential policy. Ordering the Ideal L series from February 28 to March 31, 2025 (inclusive) can save 38,000 yuan in Gaoli, of which the final payment will be reduced by 16,000 yuan. The three-year zero-interest financial plan saves up to 22,000 yuan in interest. Earlier today, Liu Jie, vice president of Ideal Motors, revealed that the Ideal L series and Ideal MEGA do not have 2025 models, and will launch a “Smart Driving Renewal Edition” based on the current model in May this year. The battery, electric drive, appearance and interior styling will be consistent with the current model.
Tesla issued a video introducing FSD intelligent assisted driving skills
On February 28, Tesla officially released a video detailing Tesla’s FSD smart assisted driving skills for a duration of 4 minutes and 11 seconds. Tesla reminded that the FSD intelligent driving assistance function still belongs to the L2 level combined driving assistance defined in GB/T40429-2021 “Automobile Driving Automation Classification”. The operating performance of this function may be affected by the actual road environment, weather and other factors and may differ from expectations. In many cases, the driver’s intervention may be required. Failure of the driver’s intervention in a timely manner may occur, including but not limited to collisions, inability to accurately identify traffic lights or road signs.
Xiaohongshu fully opens local living catering businesses to settle in
Recently, Xiaohongshu issued an announcement stating that the store address requirements for the platform’s local group buying product functions will be revised to: support merchants from the mainland of China to settle in. Before the revision, this feature was only open to catering businesses in 49 the mainland of China cities.
Liu Yonghao revealed: Liang Wenfeng said that DeepSeek only has 160 employees
At the 2025 New Hope Group media communication meeting, New Hope Group Chairman Liu Yonghao said that during his exchange with DeepSeek founder Liang Wenfeng, he learned that DeepSeek currently has only 160 employees. Liu Yonghao said that when he was having dinner with Liang Wenfeng, he asked him how many employees he had now, and Liang Wenfeng said 160. Liu Yonghao revealed that New Hope’s financial technology companies require all launch DeepSeek within half a month, and all major businesses will be imported into DeepSeek within three months.
Changan Automobile: Avita Technology has paid Huawei the second transfer price of 5.75 billion yuan
Chang ‘an Automobile announced that the company’s joint venture Avita Technology has paid Huawei the second transfer price of 5.75 billion yuan. This delivery is an important milestone in the long-term strategic cooperation between Avita Technology and Changan Automobile and Yinwang. It marks that the two parties have taken the lead in moving from industrial collaboration to emerging strategic cooperation linked with capital. This will continue to help Avita Technology and Changan Automobile accelerates the construction of leading competitive advantages in the field of automotive intelligence and promotes the leap-forward development of Avita Technology and Changan Automobile. This transaction will not result in a change in the scope of Changan Automobile’s consolidated statements and will not have a significant impact on Changan Automobile’s financial condition and operating results in the short term.
LVMH China exposes 21 million yuan corruption case
Recently, the People’s Court of Jing ‘an District of Shanghai City announced two criminal case judgments, showing that between 2015 and 2023, Ying, senior director of the training department of LVMH Fragrance, and Cui, manager of the training department, collaborated with the three defendants and their operating companies to extract money from LVMH Fragrance through fictitious conference fees, consulting service fees, translation service fees, etc. The amount involved exceeded 21 million yuan. The three defendants, Su, Wu and Hu, were fined and sentenced to two years and nine months, two years and three months, and two years respectively for embezzlement of “A Limited Company”. Probation was applicable.
Antarctic E-commerce: Currently, the daily sales of all categories of Antarctic brands fluctuate around 20 million
Recently, Antarctic e-commerce stated on the investor interaction platform that the current daily sales of Antarctic brands in all categories fluctuate around 20 million. In the spring and summer of 2025, the company will focus on launching quick-drying T-shirts, quick-drying pants, sunscreen clothing, etc. for men and women. They are currently being tested online on a small scale and are expected to be fully launched in early March. In addition, the company will also focus on bras, home wear, etc. For subcategories that are more suitable for four seasons, related products have continued to be updated.
New things to go to sea
Ali International Station launches in-depth cooperation with international shipping giant Maersk
On February 28, B2B sailing platform Ali International Station announced that it had launched in-depth cooperation with international shipping giant Maersk to jointly transform the shipping experience for small and medium-sized enterprises and simplify the e-commerce shopping process. Recently, the first batch of logistics routes cooperated by the two parties have been launched, which not only saves costs by 10%, but also simplifies processes. Ali International Station said that in the future, it will work with more partners to transform more lines and cover more markets.
In addition, Zhang Kuo, president of Alibaba International Station, revealed in an interview with a reporter from Science and Technology Innovation Board Daily that there are 100,000 active foreign trade merchants using the four major AI Agents of Alibaba International Station every day. In addition to China merchants, foreign trade merchants from developing countries such as Vietnam and Pakistan also occupy the forefront. Data shows that the product conversion rate after AI optimization has increased by 52%, and the secondary response rate for customers received by AI has increased by 36%.
Investment and Financing News
Chery Automobile Co., Ltd. submits listing application to the Hong Kong Stock Exchange
Chery Automobile Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with CICC, Huatai and Guangfa as joint sponsors. The prospectus shows that for the years ended December 31, 2022 and 2023 and the nine months ended September 30, 2023 and 2024, the company achieved profits of 5.806 billion yuan, 10.444 billion yuan, 7.137 billion yuan and 11.312 billion yuan respectively. The company plans to use the funds raised to develop different models and versions of passenger cars to further expand the product portfolio, develop next-generation vehicles and advanced technologies to enhance core technical capabilities, expand overseas markets and implement globalization strategies, improve production facilities and use them for working capital replenishment.
Yingshi Innovation Insta360 Science and Technology Innovation Board IPO approved
Industry Views Express
The Municipal Supervision and Administration Bureau has stepped up efforts to crack down on the “overlord clause” and “ghost” takeout
According to the National Market Supervision and Service-oriented Law Enforcement On-site Promotion Conference and Law Enforcement Inspection Work Symposium, in 2025, the State Administration for Market Supervision will focus on boosting consumption and create the “Protecting Consumption” Iron Fist brand. In response to issues such as adulteration, passing fake products for real products, passing substandard products for good products, passing substandard products for qualified products, cutting corners, short weights, illegal modifications, trademark infringement, false advertising,”overlord clause”,”ghost” takeout, etc., we will continue to increase law enforcement efforts in the field of people’s livelihood consumption to help create a safe and secure consumption environment.
