（文章来源：第一财经） 2月14日，京东表示，近2个月来，在法国巴黎警方的不懈努力和中国驻法大使馆的大力支持下，案件侦 破工作已取得阶段性成果，目前绝大多数被盗物资被顺利追回。北京时间12月22日，位于法国巴黎大区 的京东仓库遭遇盗窃。对于失窃货物的后续追回和交接，京东表示将全力配合巴黎警方，做好妥善安排 处理。 京东将继续扎根法国、合规经营，进一步加大在法投资力度。 ...

2月14日，观察者网从京东方面独家获悉，此前发生于去年12月22日的巴黎大区京东仓库盗窃案，经过 近两个月的侦办已取得阶段性重大成果，在法国巴黎警方的不懈侦查及中国驻法大使馆的大力支持下， 绝大多数被盗物资已被顺利追回，案件后续处置工作正有序推进。 去年12月22日，位于法国巴黎大区的京东海外仓发生盗窃事件，事发后京东第一时间联动当地警方启动 调查，同时快速调整运营安排，保障欧洲区域物流服务的正常运转。 此次案件侦破过程中，巴黎警方投入专项力量开展线索排查、赃物追缴等工作，中国驻法大使馆则积极 发挥协调作用，为案件推进提供有力支持，切实保障中国企业在法合法经营权益。 针对此次案件的阶段性进展，京东方面表示，对巴黎警方的辛勤付出和中国驻法大使馆的鼎力支持倍感 温暖、深表感谢。后续将全力配合巴黎警方，做好失窃货物的剩余追回、清点核对及交接工作，确保各 项处置流程规范有序。 据了解，京东目前已在全球23个国家和地区建设了超过130个各类型海外仓，构建起覆盖全球核心市场 的供应链网络。 近日，京东在欧洲自建的物流网络JoyExpress正式上线，依托该网络，其欧洲零售品牌Joybuy在法国、 英国、荷兰、德国等多个国 ...

高效物流是商品稳定供应的重要支撑。京东政企业务依托京东物流连续第十四年"春节也送货"的成熟运 营体系，构建起一张纵深广阔、响应敏捷的节日物流保障网络，实现全国超360个城市、超2200个区 县、全球多地消费者在春节期间可以正常下单收货。即使在除夕至初三等特殊时段，核心城市仍能提 供"当日达"或"次日达"的高标准服务，以确定性的履约能力和精细化的运营保障，有力支撑政企客户在 节日关键节点的运营连续性。 春节保供事关民生福祉，也是稳定宏观经济、增强发展韧性的重要举措。京东政企业务充分发挥核心平 台优势，在京东企业购推出"管家+商品+物流"三位一体的在线服务保障体系，不仅满足了企业客户在 春节期间发放员工福利、采购应急物资、保障项目运转的迫切需求，更有力地提升了整体产业链、供应 链在节日特殊时期的抗风险能力和协同效率，是服务实体经济、稳定市场预期的扎实体现。 京东政企业务积极响应国家保供号召，并立足各行各业企业生产经营实际需求，在年货节期间正式启动 2026年"京东春节送到家，政企服务不停歇"保供专项，通过全国性物流履约保障、全场景服务在线、数 字化采购工具支撑、一体化合规流程、多层次客户覆盖5大举措，全力保障春节 ...

Group 1 - The core incident involved a theft at JD's overseas warehouse in the Paris region on December 22, which has seen significant progress in recovery efforts, with most stolen goods successfully retrieved [1] - JD expressed gratitude towards the Paris police and the Chinese embassy in France for their support in the investigation and recovery process, ensuring the protection of Chinese enterprises' legal rights in France [1] - The incident did not hinder JD's expansion plans in Europe; instead, the company is accelerating its "Global Network Plan" to deepen its presence in the region, having established over 130 overseas warehouses across 23 countries [1] Group 2 - JD's self-built logistics network, JoyExpress, has officially launched in Europe, enabling its retail brand Joybuy to offer same-day delivery in several countries, significantly enhancing consumer shopping and logistics experiences [2] - Joybuy is set to fully launch in March, providing a diverse range of products including electronics, home appliances, beauty products, and daily necessities, aiming to create a one-stop shopping platform for European consumers [2] - JD plans to strengthen its investment in France, focusing on compliance and building a robust super supply chain to deliver efficient and high-quality services to consumers and businesses in France and Europe [2]

Core Viewpoint - JD.com has successfully recovered most of the stolen goods from its warehouse in the Paris region, thanks to the efforts of the Paris police and the support of the Chinese embassy in France [1][3]. Group 1: Incident and Recovery - JD.com's warehouse in the Paris region was robbed, and the company expressed gratitude for the support received during the investigation [1][3]. - The investigation has made significant progress over the past two months, with the majority of stolen items being successfully retrieved [1][3]. Group 2: Global Expansion and Logistics - JD.com is accelerating its "Global Network Plan," having established over 130 overseas warehouses in 23 countries and regions [1][3]. - The company's logistics network, JoyExpress, has been launched in Europe, enabling its retail brand Joybuy to offer same-day delivery in multiple countries including France, the UK, the Netherlands, and Germany [1][3]. Group 3: Product Offerings and Promotions - Joybuy is set to officially launch in March, providing a wide range of products including electronics, home appliances, beauty products, and daily necessities [1][3]. - In France, Joybuy has initiated a "New Year at Home" festival and will soon distribute more digital and appliance coupons to enhance the shopping experience for European consumers [1][3]. Group 4: Commitment to France - JD.com plans to deepen its investment in France and operate in compliance with local regulations, aiming to build a more robust super supply chain to provide efficient and high-quality services to consumers and businesses in France and Europe [2][4].

格隆汇2月14日｜北京时间12月22日，位于法国巴黎大区的京东仓库遭遇盗窃。京东今日回应记者称： 近2个月来，在法国巴黎警方的不懈努力和中国驻法大使馆的大力支持下，案件侦破工作已取得阶段性 成果，目前绝大多数被盗物资被顺利追回。对于失窃货物的后续追回和交接，将全力配合巴黎警方，做 好妥善安排处理。据了解，京东欧洲线上零售业务 Joybuy将于今年三月上线。 ...

Market Performance - On February 13, the US stock market showed mixed results, with large tech stocks declining while Chinese concept stocks had varied performances [2] - The Dow Jones Industrial Average rose by 0.1% to close at 49,500.93 points, the S&P 500 increased by 0.05% to 6,836.17 points, and the Nasdaq Composite gained 0.22% to 22,546.67 points. However, all three indices experienced weekly declines, with the Nasdaq down 2.1%, the Dow down 1.23%, and the S&P 500 down 1.39% [3] Individual Stock Performance - Major tech stocks saw declines, with NVIDIA down 2.22% to $182.785, Apple down 2.27% to $255.790, and Google down 1.08% to $306.020. Microsoft fell slightly by 0.18% to $401.100, while Amazon decreased by 0.44% to $198.730. Meta Platforms dropped by 1.55% to $639.760, while Tesla saw a slight increase of 0.11% to $417.530 [4] - In the Chinese concept stock market, Tencent Music rose over 4%, while Alibaba fell over 2%, and JD Group, Baidu Group, Beike, and Li Auto all dropped by more than 1% [6] Commodity Market - Spot gold prices increased by 2.41% to a high of $5,046.261 per ounce, currently trading at $5,042.808 per ounce [8] - Spot silver prices also rose, breaking the $79 per ounce mark with a daily increase of 2.81% [8] - Gold futures contracts rose by 1.4% this week, marking an upward trend in 8 out of the last 10 weeks [9] - Silver futures contracts increased by 1.5% this week, ending a two-week decline and showing an upward trend in 11 out of the last 15 weeks [11] Market Insights - NVIDIA's CEO Jensen Huang addressed concerns about excessive spending in data centers, asserting that spending levels are reasonable and sustainable. He emphasized the growing utility and functionality of artificial intelligence, dismissing the recent sell-off in software stocks as "the most illogical thing in the world" [5] - Despite volatility in the precious metals market, demand for safe-haven assets continues to support rising gold and silver prices, according to a report by Antonio Di Giacomo from XS.com [10]

Core Viewpoint - The upcoming Spring Festival will see a fierce competition among major internet companies in the "red envelope war," with total investments exceeding 8 billion yuan, and potential cumulative spending reaching 10 billion yuan when including undisclosed amounts from various platforms [1][4]. Group 1: Investment and Participation - Major players in the red envelope competition include Alibaba, Tencent, Baidu, JD.com, ByteDance, and Kuaishou, with total disclosed amounts exceeding 8 billion yuan [4]. - Alibaba is leading with a 3 billion yuan investment through its Qianwen app, focusing on integrating user consumption behaviors with its ecosystem [6]. - Tencent has allocated 1 billion yuan for its Yuanbao app, aiming to enhance user interaction and experience [6]. - Baidu has committed 500 million yuan for its Wenxin assistant, targeting user engagement within its app [6]. - JD.com and Kuaishou have also announced significant investments, with JD.com planning to distribute 3 billion yuan in red envelopes [3][6]. Group 2: User Engagement and Retention - Experts warn that relying solely on red envelopes may lead to low user retention rates, with 7-day retention below 20% and 30-day retention potentially dropping below 5% [8][9]. - The effectiveness of red envelopes in retaining users is questioned, as they primarily address initial user acquisition rather than long-term engagement [9][10]. - Companies are encouraged to focus on product design and technological capabilities to meet user needs, rather than solely on promotional tactics like red envelopes [10]. Group 3: Competitive Landscape and Strategy - The competition is intensified by the emergence of generative AI technologies, with companies vying for user attention through innovative applications [5]. - ByteDance's Doubao is expected to benefit significantly from its collaboration with the Spring Festival Gala, leveraging its large user base for engagement [7]. - The strategies employed by different companies reflect their long-term visions, with Alibaba focusing on integrating user experiences and Tencent emphasizing social interaction [6][7].

Core Viewpoint - The upcoming Spring Festival will see a significant "red envelope war" among major internet companies, with total investments exceeding 8 billion yuan, and potential total funding reaching 10 billion yuan when including undisclosed amounts from various platforms [2][16]. Group 1: Investment Amounts and Strategies - Alibaba is investing 3 billion yuan through its Qianwen app, offering a 25 yuan free order card and incentives for new user referrals [3][14]. - JD.com is also contributing 3 billion yuan, providing shopping coupons and cash prizes, including a 50% discount on iPhones [3][14]. - Tencent is allocating 1 billion yuan for its Yuanbao app, focusing on social interaction and AI-driven features [3][14]. - Baidu is investing 500 million yuan in its Wenxin app, promoting card collection and AI-enhanced interactions [3][14]. - ByteDance's Douyin is contributing 300 million yuan, while the exact amount for its Doubao platform remains undisclosed [3][14]. - Kuaishou is investing 200 million yuan, utilizing various interactive features to engage users [3][14]. - Ant Group (Alipay) and Weibo have not disclosed their investment amounts but are participating in the red envelope activities [3][14]. Group 2: User Retention Concerns - Experts warn that relying solely on red envelopes may lead to low user retention rates, with 7-day retention below 20% and 30-day retention potentially dropping below 5% [8][21]. - The red envelope strategy addresses initial user engagement but fails to ensure long-term usage [8][21]. Group 3: Competitive Landscape and AI Integration - The competition is intensified by the emergence of generative AI technologies, with companies like Alibaba, Tencent, and Baidu leveraging their AI applications as key platforms for distributing red envelopes [6][16]. - The red envelope war reflects a shift in focus towards AI capabilities, with companies aiming to establish a competitive edge in the evolving digital landscape [6][16]. - ByteDance's Doubao is expected to benefit significantly from its collaboration with the Spring Festival Gala, potentially positioning it as a major winner in this year's competition [19].

Market Overview - The three major indices showed mixed performance, with the Dow Jones up 0.10% to 49,500.93 points, the S&P 500 up 0.05% to 6,836.17 points, and the Nasdaq down 0.22% to 22,546.67 points [3] - All three indices recorded weekly declines, with the S&P 500 down 1.4%, the Dow down 1.2%, and the Nasdaq down 2.1% [3] Economic Indicators - The U.S. Bureau of Labor Statistics reported that the January CPI rose 2.4% year-over-year and 0.2% month-over-month, both below market expectations [3] - The core CPI, excluding volatile food and energy prices, increased by 2.5% year-over-year and 0.3% month-over-month, aligning with market expectations [3] - Phil Blancato, Chief Market Strategist at Osaic, indicated that this data could pave the way for interest rate cuts and inflation control if the trend continues [3] Sector Performance - Concerns over AI disruption led to market sell-offs, affecting various sectors including software, real estate, trucking, and financial services [6] - Financial stocks such as Charles Schwab and Morgan Stanley fell by 10.8% and 4.9%, respectively, while software company Workday dropped 11% and commercial real estate firm CBRE fell 16% [6] - The media sector was also impacted, with Disney down approximately 3% and Netflix down 6% [7] Technology Stocks - Major tech stocks mostly declined, with Nvidia down 2.21%, Apple down 2.27%, Microsoft down 0.13%, Google down 1.06%, and Amazon down 0.41% [7] - Tesla saw a slight increase of 0.09%, while Oracle rose by 2.34% and Netflix increased by 1.33% [7] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 0.10%, with Alibaba down 1.89%, JD.com down 1.38%, and Pinduoduo up 0.06% [7] - NIO remained flat, while Xpeng rose by 1.36% and Li Auto fell by 1.81% [7]