Since the beginning of this year, semi-managed accounts have gradually become the main mode promoted by major cross-border e-commerce platforms. 2024 At the 9th Shenzhen International Cross-border E-commerce Expo, Temu , SHEIN Enterprises such as AliExpress and Tmall have shifted their investment promotion focus to the semi-managed model. What impact will the release of the 'Opinions on Expanding Cross-border E-commerce Exports and Promoting Overseas Warehouse Construction' have on the industry and related enterprises? What are the difficulties in deploying overseas warehouses, and where do the barriers for enterprises lie? What are the advantages and disadvantages of the emerging 'semi-managed' overseas warehouse model, and will it become the mainstream model of the industry in the future?     Frost & Sullivan Frost & Sullivan, Wu Yunhan, an analyst from Frost & Sullivan's Greater China region, was interviewed by Securities Daily to discuss the cross-border e-commerce 'semi-managed' model.   Securities Daily   * Click at the end of the article Read the original text View the full report       Q :    How should this policy be interpreted? Under what industry context was it promulgated? Why was the 'Opinions' released at this time? What impacts will it have on industry development and related enterprises? With the transformation of global consumption habits and the explosive growth of cross-border e-commerce markets, traditional foreign trade models face an upgrade requirement. The construction and development of overseas warehouses have become key factors in enhancing cross-border trade efficiency and strengthening the international supply chain. Therefore, the Ministry of Commerce, in conjunction with multiple departments including the National Development and Reform Commission and the Ministry of Finance, has jointly formulated the 'Opinions on Expanding Cross-border E-commerce Exports and Promoting Overseas Warehouse Construction'. The aim is to encourage and guide enterprises to accelerate the layout of overseas warehouses through measures such as policy support, service optimization, and environmental creation. This will broaden cross-border e-commerce export channels, improve cross-border logistics efficiency and after-sales service levels, further promote the high-quality development of China's cross-border e-commerce industry, facilitate the transformation and upgrading of foreign trade, and deepen international trade cooperation. The core content of the 'Opinions on Expanding Cross-border E-commerce Exports and Promoting Overseas Warehouse Construction' revolves around five key points: First, policies encourage the active cultivation of cross-border e-commerce business entities, supporting enterprises in exploring and innovating cross-border e-commerce business models such as social commerce and live streaming commerce to adapt to the needs of different markets. Second, it emphasizes the need to increase financial support, including fiscal subsidies, tax incentives, financial assistance, and information services, to reduce operational costs for enterprises and encourage more cross-border e-commerce companies to deploy overseas warehouses globally. Third, it proposes to strengthen the construction of relevant infrastructure and logistics systems, optimize the global network layout of overseas warehouses, improve logistics efficiency and shorten delivery cycles, while also strengthening the digital and intelligent construction of overseas warehouses to enhance inventory management and order processing capabilities. Fourth, it optimizes supervision and services, establishes and improves risk prevention and control mechanisms, ensures the security of cross-border e-commerce transactions, and maintains good market order. Fifth, it emphasizes the need to strengthen international cooperation, align with the regulatory policies of destination countries, ensure the legality and compliance of overseas warehouse construction, and promote the deep integration and mutual trust of the international supply chain. The introduction of the 'Opinions on Expanding Cross-border E-commerce Exports and Promoting Overseas Warehouse Construction' has injected strong momentum into the cross-border e-commerce industry, greatly promoting its development and upgrading. For related enterprises, this means lower operating costs and higher competitiveness. At the same time, this policy also helps enterprises better adapt to changes in international trade rules, promote stable foreign trade growth, and drive high-quality economic development.   Q :     In recent years, the industry has developed rapidly, but some cross-border e-commerce companies that have deployed overseas warehouses have not received satisfactory performance feedback. What are the difficulties in deploying overseas warehouses, and where does the threshold for enterprises manifest? 1 capital threshold The high initial investment and operating costs pose a major challenge. The selection, leasing or purchase of overseas warehouses, warehouse renovation, installation of automation equipment, and daily operations all require substantial capital investment. Coupled with different national tax policies, labor costs, and exchange rate fluctuations, cost control becomes particularly complex. In addition, the long initial investment recovery period places high demands on a company's capital chain and long-term financial planning capabilities. 2 ) Supply chain management threshold Supply chain and inventory management pose certain challenges for industry participants. Precise forecasting of market demand, balancing inventory, and avoiding overstocking or shortages require strong data analysis capabilities and flexible supply chain management systems. At the same time, inventory synchronization across multiple markets and channels, as well as order processing, requires extremely high levels of system integration and automation. 3 Technical threshold The technical threshold for overseas warehouse layout mainly involves warehousing management systems ( WMS ), order management system OMS The internationalization and intelligence level of (the overseas warehouse) require efficient integration with enterprise systems to achieve precise inventory management, rapid order processing, and logistics tracking. In addition, the application of automated equipment and Internet of Things technology requires enterprises to possess a high level of technical expertise in software and hardware integration, operation and maintenance monitoring, and remote technical support. Finally, the cultivation of technical talents and team building are also part of the technical threshold, requiring professionals to operate and maintain complex technical systems. These together constitute the complexity and high threshold of the overseas warehouse's technical layout. 4 market adaptation threshold The market adaptation threshold for overseas warehouse layout lies in deeply understanding and quickly responding to the market characteristics, consumption habits, legal policies, and logistics infrastructure differences of different countries and regions. Enterprises need to accurately position their target markets, flexibly adjust their commodity strategies and inventory allocation to cope with regional demand changes. At the same time, they must establish strong localized service support, including language customer service, after-sales returns and exchanges, and localized brand marketing, to enhance consumer trust and satisfaction. In addition, the ability to cope with external risks such as trade environment fluctuations and currency exchange rate changes, as well as collaboration with local partners, is also an important part of market adaptability. This places extremely high demands on enterprises' market insight, resource integration capabilities, and strategic flexibility.   Q :    Since the beginning of this year, a new model of overseas warehouse 'semi-managed' services has emerged. What are the advantages and disadvantages of this model, and will it become the mainstream industry model in the future?   The overseas warehouse semi-managed model, as a compromise for enterprises deploying cross-border logistics, combines the advantages of self-built and full outsourcing, providing enterprises with a more flexible operational management approach. Its advantages are mainly reflected in several aspects: Firstly, it combines cost control with flexibility. Enterprises can independently manage core businesses such as inventory planning and order processing, while entrusting specialized third parties with warehousing operations and local distribution. This not only maintains direct control over key businesses but also effectively reduces initial investment and operational costs, achieving an optimized balance between cost and efficiency. Secondly, it involves risk sharing. Under the semi-managed model, logistics service providers, with their rich local experience and resources, can effectively handle various challenges in warehousing logistics, including compliance issues, language barriers, and emergency situations, helping enterprises reduce operational risks. However, this model also has certain disadvantages. One is the increased coordination and communication costs. Although some businesses have outsourced certain tasks, enterprises still need to maintain close communication with third-party logistics service providers to ensure system compatibility, information synchronization, and consistency in operational processes. This undoubtedly increases the complexity of management and communication costs. The second is the potential data security risks. Enterprises need to share sensitive data such as inventory and orders with third parties. How to ensure secure transmission and compliant use of data, prevent information leakage, becomes an issue that cannot be ignored. Therefore, the overseas warehouse semi-managed model, with its cost-effectiveness, specialized services, and risk diversification, has provided many cross-border e-commerce enterprises with new logistics solution options. However, it also requires enterprises to pay attention to communication and coordination during cooperation, flexibly adjust management strategies, and strengthen data security management to maximize the advantages of this model and overcome potential challenges.   * This interview has been published in Securities Daily Reporter: Wang Jingru, original title:    "Hybrid hosting" becomes the main mode for cross-border e-commerce    ">

Last month, the newly renamed Mingminghao Group (formerly Snacktime Group) announced that the total number of stores for its brands Snacktime and Zhao Yiming across the country has exceeded 10,000 Home. At the same time, under the impact of emerging channels such as snack convenience stores and interest-based e-commerce, traditional distributors are facing reduced customer flow and declining sales. Emerging channels like convenience store snacks and Douyin continue to maintain high-speed growth, impacting traditional channels. From the perspective of the industry-wide channel distribution ratio, will the pattern dominated by distributors change? Review 2023 The performance of listed companies in the year showed a differentiated trend overall. Among them, companies such as Yanjinpuzi, Jinger Food, and Ganyuan Food, which actively embraced new channels, performed outstandingly. With the continuous growth of emerging channels, is it possible that the differentiation among leisure snack companies will further intensify in the future?     Frost & Sullivan Frost & Sullivan, Liu Xufeng, a senior consulting advisor at Frost & Sullivan's Greater China region and referred to below as 'Frost & Sullivan', was interviewed by Cailian News to discuss the development of the snack industry.   Cailian Finance & Economics News Agency   * Click at the end of the article Read the original text View the full report     Q :    New channels such as convenience stores and Douyin continue to maintain rapid growth, impacting traditional channels. From the perspective of the industry's overall channel distribution, will there be a shift towards a dealer-dominated pattern?   From the perspective of current development trends, the traditional channel pattern, which is dominated by distributors, is indeed under pressure to change. The share of traditional supermarket channels and distribution networks is declining rapidly. 2023 In [year], the proportion of traditional shopping mall channels has dropped to 43.5% , is expected to arrive 2027 The year will further decline to 35.7% This change indicates that consumers are increasingly inclined towards more convenient and diverse channels when choosing leisure snacks. Meanwhile, the rapid growth of e-commerce channels has been remarkable. The proportion of e-commerce channels has risen to 15.3% , is expected to arrive 2027 Will reach in 19.4% , with a sales scale as high as 1,898 Yuan. Emerging e-commerce platforms such as Pinduoduo, Douyin, and Kuaishou have seized the development opportunities of short video platforms by vigorously developing e-commerce channels, achieving rapid growth. Brands like Yanjinpuzi and Three Squirrels have gained significant market share through the rise of their e-commerce channels. The convenience store channel also demonstrates clear advantages. Convenience stores, with their proximity to residential areas, 24-hour operation, and rich offerings, SKU With features such as high operational efficiency, its proportion in the snack sales channel is gradually increasing. The advantage of this channel lies in providing consumers with the convenience of immediate purchase, meeting people's demand for quick and diverse choices. 2023 The proportion of the convenience store channel in annual revenue is 8.8% , is expected to arrive 2027 The year will grow to 9.7% . In addition, snack convenience stores are also rapidly emerging. Snack convenience stores have gradually become a rapidly growing channel due to their rich selection of snacks and convenient shopping experience. 2023 In [year], the proportion of snack convenience store channels was approximately 6.1% , is expected to arrive 2027 The year will grow to 14.9% These channels focus on low prices and practicality, meeting consumers' cost-effective requirements for daily consumption and social gatherings. The traditional channel pattern, which is dominated by distributors, is being impacted and reshaped by emerging channels. With the changing shopping habits and preferences of consumers, traditional distributors who do not actively adjust their strategies and optimize their operational models face the risk of reduced customer flow and sales decline. In the future, the proportion of channels across the entire industry will become more diversified, and the dominant position of distributors in the industry may be weakened. Traditional channels need to adapt to this change by integrating online and offline resources, improving service quality, and enhancing customer experience to maintain competitiveness.   Q :        Review 2023 The performance of listed companies in the year showed a differentiated trend overall. Companies such as Yanjinpuzi, Jinzi Food, and Ganyuan Food, which actively embraced new channels, performed outstandingly, while enterprises like Laiyifen and Youyou Food faced declining performance. With the continuous growth of emerging channels, is it possible that the differentiation among leisure snack companies will further intensify in the future?   2023 In [specific year], the performance of listed companies indeed showed a clear divergence. Some leisure snack companies that actively embraced new channels, such as King Kong Snacks, Yanjinpuzi, and Gan Yuan Food, effectively expanded their market coverage through emerging sales methods like e-commerce, social media marketing, live streaming sales, and snack convenience stores. This attracted more consumers, thereby achieving significant growth in their performance. For example, King Kong Snacks 2023 Annual revenue reached 20.65 Yi, a year-on-year increase 41.26% The revenue of Yanjinpu Store has also been achieved 42.22% The growth has been remarkable. The utilization of new channels enables these enterprises to quickly respond to market demand changes, enhance brand exposure and consumer loyalty, and thus achieved good market performance. However, at the same time, some enterprises that have not been able to adapt to market changes in a timely manner or are relatively lagging behind in new channel layout, such as Youyou Food and Laiyifen, are facing pressure from declining performance. For example, Laiyifen 2023 Year-on-year revenue decreased 9.25% , Youyou Food's revenue decreased year-on-year 5.68% This is mainly because these enterprises rely heavily on traditional channels and lack development in emerging channels, resulting in a gradual loss of advantage in the fierce market competition. The reduction in customer flow and sales volume from traditional channels directly affect the overall performance of these enterprises. With the continuous growth of emerging channels and the transformation of consumers' shopping habits, the polarization in the snack industry may further intensify. Enterprises with an innovative mindset, the ability to quickly adapt to market changes, and effective utilization of emerging channels may continue to expand their market share and achieve steady performance growth. The extensive reach provided by new channels and flexible marketing strategies enable these enterprises to quickly adjust and optimize their operational models, maintaining competitiveness. * This interview has been published in Cailian Finance & Economics News Agency Reporter: Wu Weiling, original title: 'Convenience Food Brands Aim for 10,000 Stores to Smash the Old Pattern Listed companies are taking advantage of emerging channels to tap into incremental performance."

On the afternoon of July 9, 2024, the 2024 China Internet Conference —— Computing Power Internet and Intelligent Computing Development Forum was held at the Beijing National Convention Center. The forum was organized by the Computing Network Cloud Collaborative System Working Committee of the China Internet Association and focused on in-depth discussions on the latest trends, technical challenges, and solutions in the development of computing power internet and intelligent computing. At this forum, government leaders, industry experts, scholars, and corporate representatives gathered together to discuss the development of computing power internet and intelligent computing industries in the context of the digital era, jointly promote close cooperation and exchanges among industry, academia, research, and application, and drive innovation and development in computing power internet and intelligent computing technologies.   To connect the upstream and downstream of the intelligent computing industry chain and further promote the innovative and collaborative development of China's intelligent computing cloud ecosystem, Frost & Sullivan (Frost & Sullivan, abbreviated as 'Frost & Sullivan') has officially launched the research work on 'The Influence Matrix of Intelligent Computing Cloud Ecosystems' in collaboration with the China Academy of Information and Communications Technology.   On the forum, Wang Chenhui, Partner-in-Chief and President of Frost & Sullivan Greater China, and Ma Fei, Director of Cloud Computing at the Cloud Computing and Big Data Research Institute of the China Academy of Information and Communications Technology, jointly launched the Smart Computing Cloud Ecosystem Influence Matrix. The matrix will provide strategic references and a rapid understanding of service provider capabilities for enterprises involved in the construction of the smart computing cloud industry ecosystem. The AI Cloud Ecosystem Influence Matrix has been officially launched.     Matrix Introduction   01  Matrix positioning The 'Intelligent Computing Cloud Ecosystem Influence Matrix' is primarily aimed at enterprises in the upstream, midstream, and downstream of the intelligent computing cloud industry chain, including but not limited to chip, server, and basic software providers, as well as large model intelligent computing cloud platforms, cloud services, and cloud application suppliers. Through a series of dimensions and indicators, it comprehensively evaluates the influence of each component within the intelligent computing cloud ecosystem, clarifies the leading service provider positions in both comprehensive and segmented tracks, assists enterprises and users in product selection based on the matrix diagram, provides decision-makers with a comprehensive perspective on the intelligent computing cloud ecosystem, helps identify key participants, understand competitive landscape, and grasp market trends.   02  Matrix framework The 'Intelligent Computing Cloud Ecosystem Influence Matrix' will adopt a multi-dimensional and multi-level capability evaluation method, focusing on the capabilities of intelligent computing cloud service providers. It is generally divided into three dimensions: technical capabilities, market performance, and strategic layout. Each dimension will be further subdivided into multiple secondary and tertiary indicators. Through quantifiable measurement standards, each participating service provider will be evaluated based on the indicators of each dimension. Ultimately, roles will be assigned according to the scores to determine the positioning of the service provider, such as industry strategic leader, technical service leader, application service pioneer, etc.   03  Matrix deliverables After completing the matrix compilation, Frost & Sullivan and China ITCC will deliver results to participating manufacturers in a 1+N+1 model. The deliverables include:     1 comprehensive matrix 3D panorama: A comprehensive ranking of service providers' supply capabilities for all participating matrices is presented.   N Sub-Segment Competency Track Rankings: Analyze the influence model of the intelligent computing cloud ecosystem for each supplier, and evaluate the strengths and weaknesses of each capability sub-item.   1 Custom panoramic observation report: The 'Intelligent Computing Cloud Ecosystem Impact Matrix Report' is compiled to provide a customized interpretation of the participating vendors, as well as an analysis of the key value drivers of each leading service provider's cloud service capabilities. It also offers trend predictions based on the development of the intelligent computing cloud market.     Participatory matrix research approach   01  Participation Method Matrix research will be conducted through batch continuous iteration. The first solicitation period is from now until July 31, 2024. We sincerely invite enterprises and organizations related to the AI cloud ecosystem to participate. For interested units and organizations Scan the QR code below to register. , welcome to consult.   02  Selection Rules Based on the principles of independence, impartiality and objectivity of research content, Frost & Sullivan and the China Academy of Information and Communications Technology conducted evaluations of cloud service providers participating in the survey by following a multi-domain value impact assessment system. They summarized the survey results and analyzed and output them.   03  Key time points for matrix research June 2024: The "Intelligent Computing Cloud Ecosystem Influence Matrix" project was launched;   July 2024: Matrix indicator analysis;   July - September 2024: Manufacturer registration and technical evaluation;   October 2024: The first batch of the 'Intelligent Computing Cloud Ecosystem Impact Matrix' was released, officially published and interpreted by the China Academy of Information and Communications Technology. Interested enterprises are welcome to sign up  

Enterprise Overseas Listing Training Conference   2024 year 7 month 4 On the same day, the Finance Bureau and the Banking Bureau of Anqing City, Anhui Province, held a training session on overseas listing for enterprises. Frost & Sullivan Frost & Sullivan Frost & Sullivan, referred to below as 'Frost & Sullivan'), SFC Partners, and M&A Partners Asia, among other professional institutions, shared in detail on topics such as the current status of overseas capital market listings and key matters in the process of overseas listings for enterprises. They also had an in-depth exchange with government leaders and enterprise representatives attending the event.   Wu Qikun, Deputy Director of the Finance Bureau of Anqing City, Anhui Province, along with leaders from the finance bureaus of Anqing City, Anqing Economic Development Zone, and High-tech Zone Management Committees, representatives from relevant overseas listing institutions, as well as dozens of listed companies, key executives, secretaries of the board, financial directors, and other outstanding enterprise representatives from companies planning to go public, attended this event. Jia Pang, Partner and Managing Director of Frost & Sullivan Greater China, attended the event and delivered a keynote speech, sharing how industry consultants can help enterprises tell compelling investment stories and enhance their performance in the capital market. In recent years, Anhui Province has focused on deploying new energy vehicles, intelligent connected vehicles, semiconductors, artificial intelligence, and related industrial chains. It has actively promoted enterprises to participate in capital market operations, maintaining a continuous increase in the number of listed companies, which ranks among the top ten in the country. A number of enterprises such as Huawei Mobile, Youpin Auto, Heluo Environmental Protection, and China Oriental Education have gone public overseas, establishing an international capital operation platform. In terms of the number of domestic and overseas listed companies, 2019 Since the beginning of this year, Anhui Province has seen an increase in the number of new overseas-listed companies, accounting for approximately 10% , there is still tremendous room for growth. Anqing City, as part of Anhui Province GDP The top five prefecture-level cities are intensively cultivating and supporting local enterprises to go public. In the current market environment, overseas markets may become the preferred listing route for many enterprises. Partner and Managing Director of Frost & Sullivan Greater China Region Jia Pang At the event, Jia Pang stated that corporate listing is driven by three aspects: financial performance, investment story, and legal compliance. Among these, the investment story is both a highlight and a necessary factor. The presentation of investment stories during the listing process cannot be separated from professional industry analysis and related consulting work. The new political and economic environment and rapid industry changes have put forward new requirements for telling good corporate investment stories. Currently, regulatory authorities, investors, and others are paying increasing attention to and inquiring about market data related to companies planning to go public, the company's market position, industry trends, etc. Authoritative and accurate industry analysis is becoming increasingly important in helping companies successfully go public and enhancing their valuation. "Authoritative industry consulting firms can fully assist companies by providing accurate industry analysis and corporate positioning to tell compelling investment stories, thereby enhancing the company's valuation. Especially as going global has become an essential choice for Chinese enterprises, multinational consulting firms with service capabilities covering global markets can offer more differentiated industry advisory services during overseas listings," Jia Pang introduced. As a globally leading capital market industry consultant, Frost & Sullivan has assisted over a thousand companies in listing on domestic and international capital markets, including dozens of Anhui-based companies that have successfully completed or are planning to go public. 2014 till 2023 In the year, Frost & Sullivan retained its leading position as the number one professional industry advisor serving Chinese companies listing in Hong Kong and overseas for consecutive years. Recommended Reading         🔗 2023 Leading firm in helping companies go public in Hong Kong - Frost & Sullivan         🔗 2023 Leading firm in helping Chinese enterprises go public overseas - Frost & Sullivan         🔗 2022 Leading firm in helping companies go public in Hong Kong - Frost & Sullivan         🔗 2022 Leading firm in helping Chinese enterprises go public overseas - Frost & Sullivan         🔗 2021 Leading firm in helping companies go public in Hong Kong - Frost & Sullivan         🔗 2021 Leading firm in helping companies go public in the US - Frost & Sullivan

International Trade and Convention on Hand Sanitization and Protection   2023 - 2024 In [year], as the inventory in the protective glove channel was gradually digested and terminal demand grew due to inertia, the procurement demand for disposable gloves began to gradually return to a rational state. At the same time, domestic and foreign glove manufacturers increased their research and development efforts. By optimizing production processes, reducing production costs, improving product quality and service levels, they enhanced their own competitiveness, expanded their market share, and helped their enterprises maintain a sustainable competitive advantage in the fierce market environment.   In order to promote the market development, technological innovation, cost reduction and quality improvement of the glove industry, co-hosted by Yimao and in collaboration with domestic and international hand protection products enterprises, 2024 year 7 month 3 - 4 The event was successfully held in Shijiazhuang, Hebei on the “ 2024 (The 12th) International Hand Sanitization and Protection Products Fair & " 2024 (The 19th) International Molding Polyvinyl Chloride Market Development and Downstream Applications Summit    The conference gathered a large number of participants 200 Multiple experts, leaders from glove factories at home and abroad, and corporate representatives have come together to provide one-stop supply-demand matching services and technical solutions for enterprises in the industrial chain. They are jointly building a platform for communication and cooperation across the entire industrial chain, aiming for common development and achieving win-win outcomes.   Frost & Sullivan Frost & Sullivan The Executive Director of Frost & Sullivan Greater China, Mr. Xiang Wei, was invited to attend the conference and delivered a speech on 'The Current Situation and Development Trends of Disposable Gloves Market' at the main forum of the conference. Executive Director, Greater China, Frost & Sullivan To power Driven by factors such as accelerating economic growth, increased healthcare spending, population growth, and tightened healthcare regulation, personal protective equipment ( PPE The sales volume of disposable gloves in China has maintained reliable growth over the past few years. As a commonly used protective item, disposable gloves can effectively prevent cross-infection and are suitable for various occasions. According to quality grades and uses, they can be divided into medical and non-medical types. Medical gloves refer to products that need to meet the quality certification system or access standards of the medical market in the target country, mainly used in fields such as medical surgeries, medical examinations, and medical care. Pointing out to Willie that in terms of the domestic market, as the impact of the COVID-19 pandemic gradually subsides, the revenue and net profit margins of China's leading disposable medical glove companies, led by Innovent Biologics, Lanfan Medical, and Zhonghong Medical, have been affected in the short term, and the market supply and demand relationship for medical gloves has gradually stabilized. With the launch of innovative products, the enhancement of residents' awareness of hygiene and self-protection, and the expansion of application scenarios, disposable gloves are poised for new growth opportunities. Firstly, leading companies are building global R&D systems and collaborating with institutions such as research institutes to overcome new material and technology challenges. By continuously iterating on innovative products, they are tapping into more market space and creating a high-end, differentiated product system and matrix. In the post-pandemic era, influenced by factors such as residents' heightened awareness of hygiene and self-protection and market education, the incremental demand is expected to solidify into long-term growth over the coming years. At the same time, industries such as food safety and high-precision manufacturing are increasingly demanding safety and cleanliness. The rise of these industries will also lead to widespread application of disposable gloves in these fields. Looking at the global picture, with the increasing demand for disposable medical gloves, the price of disposable medical gloves globally is 2021 The first quarter of the year reached its peak. Among them, Malaysia is a major producer of disposable gloves globally and the largest exporter of rubber gloves. Against the backdrop of fierce market competition in the later stages of the pandemic, Chinese manufacturers have impacted the production and operation levels of leading Malaysian enterprises by virtue of their cost production and supply chain advantages. 2024 In [year], a large number of foreign glove manufacturers were included in the US Food and Drug Administration's (FDA) list (FDA) Import police registration form, which is Top Glove As Malaysia's glove manufacturers provide more market opportunities. In addition, with 2026 The year is coming to a close with higher tariffs on medical gloves from China, which is expected to further improve overseas companies' business opportunities in the United States. Xiang Weili stated that China is in a period of rapid growth in the disposable glove industry. Exporting to international markets is conducive to driving regional and full industrial chain development, aligning with the country's top-level design of 'Healthy China', facilitating the realization of a dual circulation at home and abroad, and enhancing the position in the global value chain. Data shows that 2023 In [year], with the continuous digestion of inventory, the disposable glove industry gradually warmed up. China's export sales of disposable gloves began to recover, and order volumes grew steadily.

Last month, the headquarters industrial base of VisualSaf Group, with a total investment of about 700 million yuan, was launched in Zhangjiang, Shanghai, for the localization R&D and production of Da Vinci surgical robots. Will investors recognize the trend towards domestication and localization of surgical robots? Does localization and localization mean reduced manufacturing costs or further increased market share? How should domestic enterprises address issues such as scenario exploration and price payment for surgical robots?   Ma Hua, Partner and Managing Director of Frost & Sullivan's Greater China region, was interviewed by CBN to discuss the localization of surgical robots.   Q: What is your experience with visiting the VisualSaf Da Vinci surgical robot? Will investors recognize the trend towards localization and localization? Does localization and localization mean reduced manufacturing costs or further increased market share? With the vigorous development of global surgical robot technology, domestic surgical robots have made significant progress in technological innovation, and the trend towards independent research and production is becoming increasingly prominent. In the fields of laparoscopic and orthopedic robots, we have witnessed significant development and maturity. Multiple products have successfully obtained market access, including the Honghu orthopedic surgical robot developed by Honghao Medical Robotics and the Tuomei four-arm laparoscopic surgical robot. In the field of orthopedic surgical robots, domestic enterprises such as Tianzhihang and Jianjia have made arrangements in this area.   Regarding the trend towards localization and localization, I believe it is not only an inevitable trend of technological development but also a reflection of market demand. Investors will also recognize this trend. One of the cores of localization and localization is reduced manufacturing costs, which can enable more medical institutions to afford innovative surgical robots and further increase their market share. At the same time, the research and development of domestic surgical robots are also continuously upgrading and optimizing, integrating multi-functional modules, developing towards precision and minimally invasive methods, and promoting the competitiveness of domestic enterprises in the global medical device market.   Recently, VisualSaf Group, a joint venture of Fosun Pharma, announced that it will launch its headquarters industrial base, initially focusing on the production of some accessories for Da Vinci surgical robots and ION surgical robots. This also confirms that China is deeper into the global surgical robot industry, aiming to provide solutions for the intelligent manufacturing of global surgical robots with its manufacturing capabilities and supply chain advantages, further reducing the cost of surgical robots.   Q: Your previous research report suggested that the era of robots is subverting various traditional surgeries; however, surgical robots still need to consider scenario exploration and price payment. How should domestic enterprises address these issues? Regarding the issues of scenario exploration and price payment that surgical robots still face, technological innovation integration is always one of the key solutions. The product performance of surgical robots is continuously optimized and shows various trends. For example, technologies such as data collection, data feedback, preoperative planning, and intraoperative guidance are more mature and can be used in conjunction with AR/VR, intelligent navigation, force tactile feedback, etc., making surgical robots more information-based and intelligent. The integration of data and technology across departments will make cross-departmental surgeries possible, and the integrated capabilities across departments enable surgical robots to be applied in more clinical scenarios.   At the same time, various surgeries are gradually entering the era of robots, with domestic manufacturers continuously researching and developing more application scenarios suitable for surgical robots. The R&D progress in tracks such as oral, vascular, ophthalmic, and natural orifice surgery robots is accelerating. For example, in the oral field, in 2021, Bicon Medical's 'Ruiyibo' was approved as the first domestically launched surgical robot for the oral field; in 2021, Yake Smart's 'Yazhi' was approved as the world's first autonomous dental implant robot. In 2023, products from five manufacturers including Dicel, Jianjia Medical, and Calvin were successively approved. In the ophthalmic field, Angtai Micro Precision, Xianwei Medical, Disi Medical, and Micro-Mou Medical are advancing the research and development of surgical robot systems. Achieving autonomous control of core components under technological innovation will further help reduce costs. *This interview has been published in CBN, with the author Zou Zhenjie, and the original title was: 'Surgical Robots 'Made in China': Costs Expected to Drop, but Medical Insurance Access Still Requires Comprehensive Evaluation'.

Global Women's Consumer Brands Conference 6 month 26 On the day of the 3rd Global Women's Consumer Brands Conference & The Bullseye Awards Ceremony WCBC Expo ) successfully concluded in Shanghai. The conference was chaired by BrandsWomen She Media hosted it. As the industry's first large-scale commercial event dedicated to providing exclusive communication platforms for female consumer brands and female marketers, in terms of the attendee lineup, multinational companies accounted for more than 30% , with a more global perspective; five major forums + A closed-door meeting + A private party + Two major reports were released, with more focused content sections; “ WMZA2024 "The list is announced, and honor burns brighter at this moment." WCBC Continuously focusing on global brand innovation for women's consumption, committed to building a full-chain value chain for women's consumer brands, exploring user-centered brand growth paths, and promoting the collaboration of innovative forces in the business ecosystem. This event achieved a series of 1 reach N The breakthrough, in the form of parallel execution, has invited brands across all categories targeting female consumers, including advertising and marketing, media platforms, and platform agencies B2B&B2C Vertical segmentation top line exceeds 40 Industry professionals took the stage to share insights, focusing on industry innovation topics such as women's consumption, female brands, and women's marketing.   Frost & Sullivan Frost & Sullivan Jia Pang, Partner and Managing Director of Frost & Sullivan's Greater China Region, was invited to attend the event and participate in roundtable discussions. Xu Ying, Deputy Director of the Brand Going Global Working Committee of the Chinese Advertising Agencies Association, served as the host. RICHORA Ruiqi Olan Asia-Pacific CEO Li Jingrui, General Manager of Business Marketing and Brand at Xiaomi's Internet Business Department, Chen Gaoming, EssenceMediacom China Region Managing Director and Coca-Cola Greater China and Mongolia Open X Head of Integrated Marketing for the Team's Media Channels Dephin Lim A fascinating intellectual collision ensued around 'how brands can seize the new opportunities under her economy'. Partner and Managing Director of Frost & Sullivan Greater China Region   Jia Pang The roundtable forum discussed and exchanged views on topics such as the changing needs and trends of women's consumption, how brands can better understand these needs, and what changes have taken place in marketing actions. The following is a summary of Jia Pang's views: According to Jia Pang, as a consulting firm, Frost & Sullivan has observed some significant changes and trends in women's consumption needs. In female consumption, there has been relatively optimistic growth in direct consumption, indirect consumption, and women's participation in consumption decision-making. Firstly, women's consumption needs are becoming more diversified, with an increasing variety of decision-making types. Women are no longer limited to traditional skincare and clothing consumption; their demand for areas such as home furnishings, furniture, and automobiles is also on the rise. This diversified demand has enriched women's roles in family and society, and these areas are increasingly influenced by women's decision-making. Secondly, women's power in consumption decision-making is continuously increasing. As women's status in family and the workplace gradually improves, their influence in purchasing decisions is also growing. From direct consumption of cosmetics to consumption decisions based on home consumption scenarios, women's decision-making power is reflected in various fields. At the same time, women are paying more attention to brands' social responsibility and environmental advocacy, and they are more willing to support companies that actively participate in social welfare and environmental activities. Jia Pang stated that from the perspective of serving as a service provider, under the new consumption propositions and demand changes, brands need to better understand the needs of female consumers and make corresponding adjustments to their marketing strategies. Firstly, brands need to emphasize authenticity and diversity, conveying a real and diverse image. Female consumers are increasingly valuing authenticity and are no longer attracted by a single communication method. Therefore, brands can attract them by showcasing real stories and diverse images. Secondly, due to the influence of digitalization and social media, female consumers are willing to share their shopping experiences, insights, and opinions on social media. Brands can take advantage of this feature by interacting with them through social media platforms to increase brand awareness and influence. In addition, brands also place more emphasis on promoting their leading market position. By emphasizing their leading position in the market, female consumers are more likely to choose brands with a competitive edge. Therefore, highlighting this feature in brand promotion is an effective strategy.     Recommended Reading Recent Cases of Market Position Confirmation in the Consumer Segment (Scroll Up and Down for More) Enjoy the fresh sweetness of all four seasons, and let's-taste brands lead a new era of taste buds Raw materials are continuously upgraded and innovated, and spicy snack foods have entered a new stage of development with accelerated growth. New Force in Sauce-flavored Liquor: "Mass Market Sake Flavor" Sets New Consumption Trends New Trends in the Chinese Fried Chicken Industry: The Perfect Integration of Traditional Flavors and Innovative Techniques Original imported olive oil leads a new trend in healthy cooking oils Frog Hotpot: Ignite the Feast of Senses, Lead the New Trend in Catering The awareness of national health has been enhanced, leading to innovative development in China's dietary nutrition product industry Frost & Sullivan was invited to attend 2024 Chinese Herbal Light Nourishment Beverage Development Forum and the Launch Conference of the Keryang Red Bean Coix Seed Water Innovation Project Traditional Essence, Century-Long Heritage: Savoring the Beauty of Zongzi during the Dragon Boat Festival The high-speed digital motor industry has made a breakthrough. 20 Ten thousand spins / Minute Technology sets a new benchmark Exploring the Future of Light, a Brand Revolution in China's Lighting and Decorative Products Steam setting technology creates new competitive advantages for differentiated competition in the curtain industry Under the iteration of concepts, the probiotic track continues to forge ahead with great momentum Differentiated competition focuses on deep skin cleansing services, and the facial wash market is booming. Caring for the healthy growth of infants and young children, Minmin Formula Infant Nutrition Products lead the new growth trend The Revival of White Tea: Innovation and Development in the Mug Tea Market The Hunan cuisine market is booming, with branding and chain operations continuing to lead the future AI Integration and low-carbonization have become new development trends, and open-fit headphones are entering a new era Safe and delicious, satisfying the public's taste buds, hot pot butter empowers quality upgrades for catering businesses Driven by the increasing demand for healthy and diverse diets and the leadership of leading enterprises, China's small poultry market has entered a new era of development. Exploring the Path to Kitchen Upgrade in China: Emerging Trends in Kitchen Sink and Faucet Design China's wonton dumpling industry: Empowered by healthy nutrition, innovating to lead the future Seize the opportunity and make efforts. Grassland yogurt leads a new trend in healthy consumption Bai “slide” releases continuously: shrimp slides innovate continuously to unlock consumers' diverse needs China lotus root food industry: exploration B end and C The end is near, welcoming a new high-profit blue ocean market The popularization of marathon events has led domestic running shoes to the peak of the industry Intelligent technology leads the home cleaning revolution, and bionic robotic arm technology has become a standard in the sweeping robot industry. New snack categories are accelerating their layout, and the trend towards healthier snacks may become mainstream. Driven by both scale and branding, it leads the booming development of China's Fatty Beef Roll industry Channels are king, and the Chinese tea industry has entered an era of branding Comprehensive care for children's oral health, with the rise of age-specific anti-caries toothpaste brands Global Selection, creating a high-end quality life for children's milk Skincare enters a diversified era, driving high growth in brand building The national trend is on the rise, and a healthy economy is driving the continuous development of China's juice and soda industry. Breakthrough innovation! Topical glucosamine leads a new trend in bone and joint health The trend of colored contact lenses is making a comeback, with technological innovation and market strategies leading the industry to new horizons. With innovative flavors, the black truffle-flavored mooncake with condensed milk filling has taken off like a golden sprinter Consumption trends are changing, and chain retail stores are ushering in a golden age for fruit consumption

FBIF2024 Food and Beverage Innovation Forum   Under the drastic changes in the consumer market, competition within the food industry has intensified, population stratification and consumption differentiation have occurred, and channels are being reshaped... The pattern of the food and beverage industry is undergoing reconstruction. 2024 year 6 month 25 - 27 day, FBIF2024 Food & Beverage Innovation Forum FBIF Food Innovation Exhibition FBIF The Super Selection Event will be held at the Shanghai National Convention and Exhibition Center. FBIF2024 With the theme of 'Breaking the Mold for New Possibilities', we discuss with industry peers how enterprises can break through the 'involutionary inertia'. 3 day FBIF2024 contain 190+ topic, 270+ Keynote speaker 150+ Guest at the VIP Dinner 900+ Exhibitors, displaying more than 2000+ Innovative products, 350+ New products for pop brands and innovative brands are displayed in the New Product Docking Corridor and FBIF Food Innovation Exhibition, Brand Exhibition, Attracts 47000+ Audience (including 1000+ Channel viewers) attend the exhibition.   Frost & Sullivan Frost & Sullivan Zhang Xiaojing, Executive Director of Frost & Sullivan's Greater China Region, was invited to attend the event and served as the Chairperson of the 'Dairy Innovation' sub-forum. As a moderator of the roundtable, she joined forces with Zou Yang, Secretary of the Party Committee and Chairman of Haihe Dairy Company; Bai Xuedong, Vice President and Co-founder of New Hope Blue Sea; and Zhang Xingshi, General Manager of Jiangsu New Little Berry Marketing Center, to discuss the strategies behind product sales and purchases. Executive Director, Greater China, Frost & Sullivan Zhang Xiaojing In recent years, the dairy industry seems to have entered a 'spring of innovation,' with 'new products emerging every week' gradually becoming the new norm in the industry. If 'new products launched every week' indicate market 'volume,' then products that sell well must have something 'revolutionary' about them. In terms of brand building and promotion, what unique strategies can enterprises adopt to attract and retain consumers? In terms of channel innovation, what new strategies can enterprises implement? How can digital means empower brands and enhance market competitiveness? What are the new growth points and opportunities currently present in the dairy industry? What are the main challenges faced? How can these challenges be addressed? Zhang Xiaojing stated that from the perspective of brand building and promotion strategies, in the fierce market competition, enterprises should focus on the uniqueness and emotional connection of their brands. Firstly, telling brand stories is crucial. For example, traditional Chinese brands can shape unique brand stories by exploring and inheriting their historical and cultural backgrounds, thereby evoking emotional resonance among consumers. Secondly, innovation and quality are equally important. Continuously launching high-quality and innovative products to meet the ever-changing needs of consumers. In addition, enterprises can collaborate with well-known IP address Cooperate with cultural projects or public welfare activities to enhance brand influence, and boost the brand's affinity and credibility. In terms of channel innovation, enterprises can adopt omnichannel marketing strategies to connect online and offline sales channels. Offline, expand their layout in high-end supermarkets, community convenience stores, and specialty shops to increase brand exposure. Online, optimize user experience and logistics services by building their own e-commerce platforms and collaborating with large e-commerce platforms. In addition, social commerce and live streaming sales have become new trends. Through influencers, KOL Carry goods sales to further expand brand awareness and product sales. In addition, enterprises can enhance their brand market competitiveness through digital means. For example, establishing intelligent production and supply chain management systems to improve production efficiency and product quality; using big data analysis to optimize product development, marketing, and customer service; developing brands application Or mini-programs, to enhance interaction with consumers and improve customer loyalty. Zhang Xiaojing pointed out that new growth points in the dairy industry include healthy consumption trends, functional dairy products, cross-border e-commerce, etc. However, the industry also faces challenges such as rising raw material costs, food safety, and intensified market competition. Enterprises need to address these challenges by improving production technology, strengthening supply chain management, paying attention to food safety, and brand building. In summary, dairy companies should continuously explore and innovate in brand building, channel innovation, product differentiation, and digital empowerment to stand out in the fierce market competition and win the favor and recognition of consumers and the market. Recommended Reading Recent Cases of Market Positioning Confirmation in the Catering and Retail, Food & Beverage Sectors (Scroll Up and Down for More) Raw materials are continuously upgraded and innovated, and spicy snack foods have entered a new stage of development with new growth rates. New Trends in the Chinese Fried Chicken Industry: The Perfect Integration of Traditional Flavors and Innovative Techniques Frog Hotpot: Ignite the Feast of Senses, Lead the New Trend in Catering Frost & Sullivan was invited to attend 2024 Chinese Herbal Light Nourishment Beverage Development Forum and the Launch Conference of the Keryang Red Bean and Coix Seed Water Innovation Leadership Program Traditional Essence, Century-Long Heritage: Savoring the Beauty of Zongzi during the Dragon Boat Festival Under the iteration of concepts, the probiotic track continues to forge ahead with great momentum The Hunan cuisine market is booming, with branding and chain operations continuing to lead the future. Safe and delicious, satisfying the public's taste buds, hot pot butter empowers quality upgrades for catering businesses Driven by the increasing demand for healthy and diverse diets and the leadership of leading enterprises, China's small poultry market has entered a new era of development. China's wonton dumpling industry: Empowered by healthy nutrition, innovating to lead the future Seize the opportunity and make efforts. Grassland yogurt leads a new trend in healthy consumption Bai “slide” releases continuously: shrimp slides innovate continuously to unlock consumers' diverse needs China lotus root food industry: exploration B end and C The end is near, welcoming a new high-profit blue ocean market New snack categories are accelerating their layout, and the trend towards healthier snacks may become mainstream. Driven by both scale and branding, it leads the vigorous development of China's Fatty Beef Roll industry Channels are king, and the Chinese tea industry has entered an era of branding Global Selection, creating a high-end quality life for children's milk The national trend is on the rise, and the healthy economy is driving the continuous development of China's fruit juice and soda industry. With innovative flavors, the black truffle milk chocolate mooncake has taken off like a golden sprinter Consumption trends are changing, and chain retail stores are ushering in a golden age for fruit consumption Food and Beverage Industry Advisory Cases (Scroll up and down to view more) Frost & Sullivan assisted TEHAI International in successfully going public in the US (NASDAQ:HDL) Frost & Sullivan assisted TeaBallood in successfully going public in Hong Kong (2555.HK)   Frost & Sullivan assisted Lancang Ancient Tea in successfully listing on the Hong Kong Stock Exchange (6911.HK) Frost & Sullivan assisted Sichuan Dekang Agriculture and Animal Husbandry in successfully going public in Hong Kong (2419.HK) Frost & Sullivan assisted Kuaquan in successfully going public in Hong Kong (2517.HK) Frost & Sullivan assistance Davis Commodities Successfully listed in the US (NASDAQ: DTCK) Frost & Sullivan assisted Zhenjiao Lidu in successfully going public in Hong Kong (6979.HK) Frost & Sullivan assisted DAS Group to successfully go public in Hong Kong (1405.HK) Frost & Sullivan assisted Shenzhen Baihuagarden in successfully going public in Hong Kong (2411.HK) Frost & Sullivan assisted Zhengwei Group in successfully going public in Hong Kong (2147.HK) Frost & Sullivan assisted Weilong in successfully going public in Hong Kong (9985.HK) Frost & Sullivan assisted Shuangcaizhuang in successfully going public on the Hong Kong Stock Exchange (2321.HK) Frost & Sullivan assisted Youran Muying in successfully going public on the Hong Kong Stock Exchange (9858.HK) Frost & Sullivan assisted Joyou Wang in successfully going public in Hong Kong (1927.HK) Frost & Sullivan assisted BSH China in successfully going public on the Hong Kong Stock Exchange (9987.HK) Frost & Sullivan assisted Nongfu Spring in successfully going public on the Hong Kong Stock Exchange (9633.HK) Frost & Sullivan assisted Fengxiang Food in successfully listing on the Hong Kong Stock Exchange (9977.HK) Frost & Sullivan assisted SIMOR to successfully go public in Hong Kong (6969.HK) Frost & Sullivan assists China's Feihai in successfully going public in Hong Kong (6186.HK) Frost & Sullivan assisted China National Tobacco International in successfully going public in Hong Kong (6055.HK) Frost & Sullivan helps select top-quality products 360 Successfully listed on the Hong Kong stock market (2360.HK) Frost & Sullivan assisted Wugu Mofang in successfully going public in Hong Kong (1837.HK) Frost & Sullivan assisted BaoBABA in successfully listing on the Hong Kong Stock Exchange (1761.HK) Frost & Sullivan assisted Haidilao in successfully listing on the Hong Kong Stock Exchange (6862.HK) Frost & Sullivan assists sustainable agriculture in successfully listing on the Hong Kong Stock Exchange (8609.HK) Frost & Sullivan assisted Longhui Holdings in successfully listing on the Hong Kong Stock Exchange (1007.HK) Frost & Sullivan assisted Xinrong International in successfully listing on the Hong Kong Stock Exchange (1587.HK) Frost & Sullivan assisted Yiyuan Liquor Industry in successfully listing on the Hong Kong Stock Exchange (8146.HK) Frost & Sullivan assisted Jierong International in successfully listing on the Hong Kong Stock Exchange (2119.HK) Frost & Sullivan assisted BNP Paribas International in successfully listing on the Hong Kong Stock Exchange (1705.HK) Frost & Sullivan assisted Nippon Sake & Foods in successfully going public in Hong Kong (1475.HK) Frost & Sullivan assists Asian grocery giant in successfully listing on the Hong Kong Stock Exchange (8413.HK) Frost & Sullivan assisted Chow Hing Duck in successfully going public in Hong Kong (1458.HK) Frost & Sullivan assisted COFCO Meat Group in successfully listing on the Hong Kong Stock Exchange (1610.HK) Frost & Sullivan assisted Yihai International in successfully going public in Hong Kong (1579.HK) Frost & Sullivan assisted Zhongdi Dairy in successfully going public in Hong Kong (1492.HK) Frost & Sullivan assisted Dahili Foods in successfully going public in Hong Kong (3799.HK) Frost & Sullivan assists Manor Ranch in successfully going public in Hong Kong (1533.HK)   Frost & Sullivan assisted Vientiane International in successfully listing on the Hong Kong Stock Exchange (0288.HK)   * The above order is not sequential and is arranged in reverse chronological order by listing time.

2024 China Chain Brand Leaders Summit The chain operation model has become an important engine driving business prosperity and a new type of productive force. In order to deeply analyze the development path of Chinese chain brands, review practical cases, and promote the continuous development and innovative breakthroughs of the chain industry, 2024 year 6 month 21 - 22 Today, ZJ Capital and Frost & Sullivan ( Frost & Sullivan Frost & Sullivan, commonly referred to as 'Frost & Sullivan' and China's leading consumer goods company CXO The 'China Chain Brand Leaders Summit: The Art and Practical Analysis of Multi-store Chain Operations', co-hosted by the Innovation Center and Mango Media, was successfully held at the Beichen Intercontinental Hotel in Changsha, Hunan. Under the wave of consumption upgrading, the chain business format is reshaping the commercial landscape at an unprecedented pace. This summit has invited 80 Bit Industry Leaders aim to conduct in-depth discussions with founders of chain stores with a scale of tens of thousands and high-quality chains on-site, exchange ideas, and collaborate to jointly promote the development of the chain industry towards higher quality. The summit also released the following key announcements: 2024 The 'Frost & Sullivan China Chain Annual Selection List', an authoritative evaluation system in the industry, aims to recognize enterprises and individuals that have excelled in chain operations, brand innovation, market expansion, customer experience, social responsibility, and other aspects over the past year. Lu Jing, Partner and Managing Director of Frost & Sullivan Greater China, attended the event as an awarding guest to present the prizes to the winning enterprises / Individual award presentation.   This time, 2024 The 'Frost & Sullivan China Chain Annual Selection List' has selected the 'Annual Most Influential Chain Brand Award', 'Best Chain Business Model Innovation Award', 'Outstanding Market Expansion Award', 'Emerging Chain Brand Award', and 'Outstanding Individual of the Year'. CEO/ Leadership Award ” Top 5 Lists. This selection has witnessed the prosperity and vitality of China's chain market. It is not only an acknowledgment and affirmation of outstanding enterprises and individuals but also an expectation that it will inspire more companies to continue striving for excellence in future development, innovate continuously, provide consumers with higher-quality products and services, and ultimately promote the Chinese chain industry towards a healthier and sustainable direction.   Annual Most Influential Chain Brand Award     Best Chain Operation Model Innovation Award     Outstanding Market Expansion Award     Newcomer Chain Brand Award     Annual Excellence CEO/ Leadership Award   " 2024 The 'Frost & Sullivan China Chain Annual Selection List' is a high recognition of enterprises and individuals that have achieved outstanding results in chain operation, brand innovation, and other aspects over the past year. It also provides a profound insight into the industry's development trends. It not only highlights the exceptional value of the award-winning brands but also plays a positive leading and motivating role in the entire chain industry. Through this selection, Frost & Sullivan has witnessed the vigorous development of the industry and hopes to guide more enterprises to focus on brand building, pay attention to consumer experience, and fulfill social responsibilities. Frost & Sullivan looks forward to the emergence of more outstanding brands in the future, working together to promote the continuous and healthy development of China's chain industry and create more value for consumers.