news

on september 4, taobao and tmall announced plans to add wechat payment functionality. on the same day, two core businesses, meituan takeaway and meituan hotel, also launched alipay mini-programs.

whether it is the expansion of wechat payment capabilities by taobao and tmall, or the acceptance of alipay mini-programs by meituan’s core business, they all demonstrate the open spirit of the internet. in theory, the internet should adhere to a more open principle, focusing on serving the public and facilitating users, rather than forcing users or merchants to make choices based on unilateral interests.

in fact, the full opening of wechat payment by taobao and tmall has had a relatively limited impact on the mobile payment market, but this move has indeed brought real convenience to the majority of users. consumers who are accustomed to using wechat payment or have a balance in their wechat account can directly complete the purchase through wechat payment after finding their favorite products on taobao, which undoubtedly improves the user's shopping experience.

this integration and interconnection not only brings more benefits and convenience to consumers, but also demonstrates the open attitude and cooperative spirit among e-commerce platforms. in this ever-changing market environment, only by continuous innovation and maintaining an open and inclusive attitude can we truly serve the public and win brand popularity and development opportunities.

strategic decisions

alibaba-w (hk09988): taobao and tmall plan to add wechat payment capabilities

on september 4, taobao and tmall announced that they plan to add wechat payment capabilities to enhance the consumer shopping experience. based on the addition of the above services, taobao and tmall intend to adjust the platform rules. it is reported that this adjustment will cover all taobao and tmall merchants.

comments: in terms of business model, alibaba may promote the growth of taobao and tmall transaction volume and improve profitability by increasing the diversity of payment methods. in addition, this move also reflects its brand image of building a more open and inclusive e-commerce environment, which may improve user favorability and stickiness.

china shipbuilding (sh600150): plans to absorb and merge with china heavy industry

on september 2, china shipbuilding and china heavy industry issued an announcement stating that the two parties are planning to absorb and merge china heavy industry by issuing a shares to all shareholders of china heavy industry.

comment: this move aims to strengthen the country's major strategic support, focus on the development of the main business, optimize resource allocation, reduce competition in the same industry, and improve overall operating efficiency and competitiveness. through the share exchange and absorption merger, china shipbuilding will further consolidate its leading position in the industry and accelerate the high-quality development of its ship assembly business.

major releases

petrochina (sh601857): changqing oilfield's cumulative oil and gas equivalent production has historically exceeded 1 billion tons

recently, the cumulative oil and gas equivalent production of my country national petroleum corporation changqing oilfield, china's largest oil and gas field, has historically exceeded 1 billion tons. this is another milestone achievement of changqing oilfield after the completion of a 60 million ton super-large oil and gas field in 2020. it is reported that if all 1 billion tons of oil and gas are converted into crude oil equivalent, it can fill 80 west lakes.

comment: the core of energy security is oil and gas security. the oil and gas equivalent of petrochina changqing oilfield has exceeded 1 billion tons, demonstrating its strong strength as the largest oil and gas field in china. this milestone achievement not only consolidates petrochina's core position in energy supply, but also provides a solid guarantee for national energy security.

alibaba-w (hk09988): launches "hot land plan 2024" to help rural revitalization

on september 5, alibaba released the "hot soil plan 2024" to help rural revitalization, focusing on four major directions: industrial revitalization, talent revitalization, scientific and technological revitalization, and people's livelihood security, and launched 19 measures to help rural revitalization. it is reported that the "hot soil plan" is alibaba's overall plan to help rural revitalization in 2021. over the past three years, 832 poverty-stricken counties have sold more than 441.6 billion yuan on the alibaba platform, built 1,266 cainiao county-level distribution centers, and 185 hema villages, promoting more agricultural products out of the mountains and increasing farmers' income.

comment: the plan continues to empower the rural economy and demonstrate corporate social responsibility through 19 measures in four major directions. in the past three years, alibaba has helped poverty-stricken counties achieve sales of more than 441.6 billion yuan, with remarkable results. the new plan will further promote the upward trend of agricultural products, increase farmers' income, and help the comprehensive revitalization of rural areas, demonstrating its long-term strategic vision and social value.

operational measures

jd.com group-sw (hk09618): salaries for 2025 campus recruits will be raised across the board

on september 2, jd group announced that the salaries of jd's 2025 campus recruits will be raised across the board. among them, the salaries of core positions such as procurement, technology, and products will be raised by no less than 20%. all "jd procurement and sales" recruited through campus recruitment will be able to achieve a 20-month salary structure throughout the year, with a year-end bonus of up to 8 times the monthly salary. in addition, there are unlimited big boss incentives, and the better the performance, the more incentives. among production and research positions, the average starting salary for algorithm positions has increased by more than 75%. the starting salary for hardware and design positions has increased by more than 50%.

comment: jd.com announced that it would increase the salary of the 2025 campus recruits, which reflects the company's emphasis on talent strategy. the 20-month salary structure and high year-end bonus for procurement and sales positions will attract more outstanding graduates to join and enhance the team's competitiveness; the starting salary increase for algorithm positions exceeded 75%, and the hardware design position exceeded 50%, showing jd.com's determination to invest in technological innovation and product research and development. this move will not only help attract and retain top talents, but also lay a solid talent foundation for jd.com's long-term development.

personnel changes

foton motor (sh600166): appointed li qinghua as the company's deputy general manager

on september 5, foton motor issued an announcement stating that the board of directors reviewed and approved the "proposal on the appointment of deputy general manager and adjustment of chief financial officer", appointing li qinghua as the company's deputy general manager. song shushan will no longer serve as the company's deputy general manager, and the company's chief financial officer will be transferred from song shushan to li qinghua.

comments: public data shows that since li qinghua joined foton motor after graduating from accounting in 2003, he has worked in the company's financial system for more than 20 years. he has served as vice president of finance of the overseas business unit and director of the financial planning department of the headquarters. he has accumulated profound experience in financial management and possesses the comprehensive qualities required to be the company's financial director. in addition, li qinghua's succession as deputy general manager and concurrently serving as financial director also shows foton motor's efforts in the rejuvenation and professionalization of its management team.

xiaomi group-w (hk01810): lu weibing concurrently serves as president of the mobile phone division, zeng xuezhong concurrently serves as president of the international business division

on september 6, xiaomi group issued an internal email announcing personnel adjustments, appointing group president lu weibing to serve concurrently as president of the mobile phone department, reporting to group ceo lei jun; and appointing group senior vice president zeng xuezhong to serve concurrently as president of the international business department, continuing to be in charge of the internet business department, reporting to group president lu weibing.

comment: lu weibing previously served as partner, group president and president of the international business department of xiaomi group, responsible for the mobile phone department, ecological chain department, large appliance department, china and india regions; zeng xuezhong previously served as senior vice president of xiaomi group and president of the mobile phone department, responsible for the research and development and production of mobile phone products. this adjustment has swapped some of the businesses that the two have been in charge of. this change is expected to bring new development ideas and opportunities for xiaomi group's mobile phone business and international business.

important cooperation

zte corporation (sz000063): signed a strategic cooperation agreement with beijing energy group

recently, zte and beijing energy group co., ltd. held a signing ceremony for a strategic cooperation agreement. the two parties will carry out in-depth cooperation in the fields of enterprise digital transformation, smart power plant construction, talent training, etc. during the discussion, zte gave a detailed introduction to the company's industrial layout, business model, future development direction, etc., and conducted in-depth exchanges and discussions with beijing energy group on technological innovation and digital transformation practices in the field of artificial intelligence, in order to further find the points of convergence and focus for complementary advantages and mutual benefit and win-win results.

comments: the cooperation between the two parties focuses on enterprise digitalization, smart power plant construction and talent training. zte uses its ai technology innovation to help beijing energy group upgrade its industry. this cooperation is expected to accelerate the smart process of beijing energy group through complementary advantages, while broadening zte's solution map in the energy industry and jointly exploring a path for high-quality development.

daily economic news