Future Business Early Participation | "Xiaoyaozi" Daniel Zhang joined the Morning One Fund, and Kimi, a large model application under the dark side of the moon, was suspected of going down

Reporter: Liu Xuemei Editor: Li Zhuo

| Friday, March 22, 2024 |

NO.1 Daniel Zhang, former Chairman and CEO of Alibaba Group, joined Morning One Fund

On March 21, according to the WeChat public account of Morning One Investment, Daniel Zhang (Xiaoyaozi), former chairman and CEO of Alibaba Group, will join Morning One Fund and serve as the managing partner together with founder Liu Xiaodan.

Comments: The news that Daniel Zhang joined the Morning One Fund shows that the capital market still has a strong demand for talents with Internet and technology backgrounds. As a former executive of Alibaba, Daniel Zhang's joining is undoubtedly a great asset for Morning One Fund, bringing rich management experience and industry resources to the fund. In the context of the turbulence of the capital market and the acceleration of technological innovation at this stage, its joining may have a certain impact on the entire venture capital field. From the perspective of enterprises, this may attract more excellent entrepreneurial projects and accelerate the capital operation and structural adjustment of the industry.

NO.The dark side of February: Since March 20, the trend of Kimi traffic increasing has far exceeded expectations, resulting in an abnormal SaaS customer experience

On March 21, the dark side of the moon released a statement saying that from 9:30 on March 20, it was observed that Kimi's system traffic continued to increase abnormally, and the trend of traffic increase far exceeded its expected planning for resources. As a result, from 10:00 on the same day, a large number of SaaS customers continued to experience the 429:engine is overloaded abnormal issue, for which we apologize. As a technology-oriented company, it understands that the stability of an API is one of the most critical factors in whether it can be put into actual production, and a number of contingency measures are already in the works, including but not limited to: five scale-up efforts have been carried out since the abnormal increase in traffic was observed on March 20. Inference resources will continue to be expanded with traffic to support the continuous growth of users, and a more effective SaaS traffic prioritization strategy is designed to ensure the stability of paying users' calls, which is expected to be completed and launched before March 25.

Comment: The Dark Side of the Moon's explanation of the abnormal SaaS customer experience caused by the traffic surge on the Kimi platform reflects the ability of a technology-driven company to respond to sudden traffic surges. With the development of the digital economy, SaaS platforms have been favored by more and more enterprises due to their convenience and flexibility. At the same time, this also brings challenges to the platform for capacity expansion and service stability. The ability to respond quickly and expand multiple times indicates that the dark side of the moon has a certain technical reserve and emergency response mechanism. However, the emergence of such problems also exposes the shortcomings of traffic forecasting and resource planning, for SaaS service providers, providing stable and scalable services is a basic requirement, and the dark side of the moon needs to continuously optimize its service architecture and traffic management mechanism to maintain and improve customer experience.

NO.3 Youzan's 2023 financial report: the annual merchant transaction volume was 102.5 billion yuan, achieving operating profits

On March 21, it was reported that China Youzan, a SaaS service provider listed on the Hong Kong stock market, released its 2023 annual performance report, and its revenue in 2023 will be about RMB 1.45 billion, of which the revenue from subscription solutions will be about RMB 840 million, and the revenue from merchant solutions will be about RMB 610 million. Gross profit amounted to approximately RMB1.00 billion, representing a year-on-year increase of approximately 4%, and gross profit margin increased to 69.2%, representing a year-on-year increase of approximately 5 percentage points. Among them, the transaction volume of Youzan merchants will reach 102.5 billion yuan in 2023, and the proportion of large merchants among paying merchants will increase to 53%. In addition, the total merchandise transaction value of Youzan store's SaaS business was approximately RMB50.7 billion, representing a year-on-year increase of approximately 19%, and its proportion in the overall GMV increased to 49%.

Comments: Youzan's 2023 financial report reflects the company's good growth momentum in the e-commerce SaaS field. The merchant transaction volume of 102.5 billion yuan and the year-on-year growth of 19% show the attractiveness and penetration of the Youzan platform. The increase in gross profit margin and the increase in the proportion of large merchants indicate that the market recognition of Youzan services has increased and profitability has increased. From a long-term perspective, Youzan needs to continue to optimize its SaaS services, strengthen technological innovation, improve merchant stickiness and ecological construction, and maintain an advantage in the fierce competition.

NO.4 Six departments including the State Administration for Market Supervision: Strictly use food additives for prefabricated dishes to effectively ensure the food safety of prefabricated food products

On March 21, it was reported that six departments including the State Administration for Market Regulation issued a notice on strengthening the food safety supervision of prefabricated dishes and promoting the high-quality development of the industry. The notice proposes to study and formulate national food safety standards for prefabricated dishes. Coordinate the formulation of rigorous and unified standards covering the production and processing of prefabricated dishes, refrigeration and refrigeration, and cold chain logistics, and clearly standardize the food safety requirements of prefabricated dishes. Strictly implement entity responsibility. Supervise and urge prefabricated vegetable production and operation enterprises to establish and improve the food safety management system in accordance with the requirements of the "Regulations on the Supervision and Management of the Main Responsibility of Enterprises for Implementing Food Safety", strengthen the risk management and control of food production and operation, strictly control the quality of raw materials, inspect the commitment of edible agricultural raw materials in accordance with the law and other product quality certificates, strictly use food additives, and effectively ensure the food safety of prefabricated food products.

Comments: In response to the news that the State Administration for Market Regulation and other departments have strengthened the food safety supervision of prefabricated dishes, this is a positive measure, reflecting the government's attention to the development of the prefabricated food industry and the strict requirements of food safety. As part of a new consumer trend, pre-made dishes help to improve the convenience of life, but they also face risks such as excessive food additives and inconsistent hygiene standards. The formulation of rigorous and unified national standards is conducive to standardizing the development of the industry and protecting the rights and interests of consumers. From an industrial point of view, this will also promote prefabricated food companies to strengthen internal control and improve product quality, which is conducive to the healthy development and brand establishment of the entire prefabricated food industry in the long run.

National Business Daily