WeChat launched a new service, "Find Jobs Nearby", which reflects Tencent's brand philosophy

Reporter: Huang Bowen Editor: Yang Jun

On October 17, Tencent Holdings (HK00700, share price HK$430.800, market capitalization HK$4 trillion) announced the launch of a new service, "Find Jobs Near You".

Tencent Holdings' new service is a continuous innovation and improvement of the product form, and is also in line with Tencent's brand philosophy.

For gig job seekers, information asymmetry and "difficulty in finding a job" have always been a big problem. "Find Jobs Nearby" provides users with a relatively convenient way to locate nearby job opportunities, effectively saving time and effort in the job search process. In addition, Tencent has also integrated WeChat Pay's "Micro Work Card" into it, which not only provides workers with a convenient settlement method, but also protects their rights and interests through services such as contract signing, real-time location punching, and daily settlement insurance.

This new service may not be a particularly impressive innovation from a technical point of view, but its usefulness for users should not be underestimated. This not only reflects Tencent's deep understanding and positive response to user needs, but also demonstrates its commitment to openness, inclusiveness and innovation in the Internet industry, and confirms Tencent's core values of "user-oriented, technology for good".

Staff demonstrate WeChat palm payment at the 2024 China International Finance Exhibition. Visual China Diagram

Strategic decision-making

GAC Group (SH601238): Announcing its European Market Plan

On October 14, GAC Group released the "European Market Plan" at the 2024 Paris Motor Show, from market expansion, green travel, service network to cultural integration, and actively discussed the establishment of a technology center in Europe in the future, with the concept of long-termism and win-win cooperation, to build a three-dimensional local ecology, and is committed to building GAC into a reliable partner in the European industry and a reliable brand for European consumers.

Comments: The Paris Motor Show is the world's first auto show, and it is known as the five major auto shows along with the Frankfurt Motor Show, the Geneva International Motor Show, the North American Motor Show and the Tokyo Motor Show. GAC Group's "European Market Plan" released at the 2024 Paris Motor Show, which not only demonstrates its strategic decision and determination to deepen its layout in the European market, but also is expected to enhance its international brand influence.

Major releases

Lenovo Group (HK00992): Unveiled the next phase of its Smarter AI for all vision, announcing a series of key new technologies

On October 16, Lenovo Group unveiled the next phase of its Smarter AI for all vision at Tech World, showcasing a comprehensive portfolio of AI solutions, services and devices, and announcing a series of key new technologies, including the launch of Lenovo's Hybrid AI Advantage for enterprises; A new generation of Lenovo Neptune Poseidon liquid-cooled server; The latest ThinkPad X1 2-in-1 Aura Edition AI PC, Lenovo AI Now, Lenovo Learning Zone (AI learning) software platform; and a proof of concept for the impact of AI on society.

Comments: Lenovo Group announced a new vision of Smarter AI for all, showing a comprehensive AI layout, which is of great significance. The key new technology released this time not only demonstrates Lenovo's technological leadership in the field of AI, but also sets a new benchmark for the industry.

Earnings Announcements

Li Auto-W (HK02015): The millionth vehicle officially rolled off the assembly line

On October 14, Li Auto ushered in the official launch of the millionth vehicle. According to reports, from the first Ideal ONE off the assembly line in November 2019, Li Auto has achieved one million units off the assembly line in 58 months, becoming the first new power car company in China to achieve this achievement, setting a record for the fastest number of luxury cars in China to reach one million, and it is also the only Chinese luxury car brand with an average price of more than 300,000 yuan and a scale of one million.

Comments: The 1,000,000th vehicle rolled off the assembly line, as a milestone event in the development of car companies, demonstrating the strong strength of Li Auto among new car companies. In addition, it took only 58 months to achieve this achievement, which also demonstrates Li Auto's precise product positioning and efficient operation capabilities.

Operational initiatives

BYD (SZ002594): Announced 2024 employee stock ownership plan (draft)

On October 18, BYD released the 2024 employee stock ownership plan (draft), which intends to launch an employee stock ownership plan of no more than 220 million yuan, or benefit no more than 150 employees of the company, covering middle-level managers, core backbone employees, etc. According to the draft, the source of funds for the employee stock ownership plan is the legal remuneration of employees, self-raised funds and other methods permitted by laws and regulations.

Comments: This move reflects BYD's emphasis on talents, and enhances team cohesion and enthusiasm through interest binding. In the current context of intensified competition in the new energy vehicle industry, BYD is accelerating technological innovation and market expansion, and the employee stock ownership plan can help attract and retain key talent. It is expected that the plan will promote BYD to achieve more results in technology research and development, market expansion and other aspects, and inject impetus into the company's long-term development.

Tencent Holdings (HK00700): WeChat "Gig Market" launches new service "Find Jobs Near You"

On October 17, Tencent announced the launch of a new service, Find Nearby Jobs. According to reports, this is a new ability provided by the "gig market", which users can use to find jobs available nearby, and is currently online in Jiangmen, Guangdong. In addition to job matching, the "gig market" has also been connected to WeChat Pay's "micro work card" digital solution to provide efficient settlement methods for WeChat change and bank cards. In addition, the "Micro Work Card" also cooperates with Tencent e-Sign, Tencent Micro Insurance, etc., to provide services such as contract signing, real-time positioning and punch-in, and daily settlement insurance.

Comments: This move broadens the WeChat life service scene and reflects Tencent's deep cultivation in the field of digital life. By integrating resources such as WeChat Pay, e-Signature and Micro-Insurance, Tencent provides flexible employees with a one-stop solution from job search to settlement, contract signing and security, which not only enhances service competitiveness, but also embodies Tencent's brand concept of "Technology for Good".

Executive Information

Wei Jianjun, chairman of Great Wall Motor (SH601633): It is the destiny of this generation of car people to let Chinese cars go abroad

Wei Jianjun, chairman of Great Wall Motors, said in a recent interview with Sina Finance: "It is the destiny of our generation of automakers to let Chinese cars go abroad. He commented on the current situation of Chinese cars going overseas, and the full score of 10 can only be scored 3 points. He said that Chinese cars are not selling brands, but selling products, and there is not much brand premium. At the same time, he believes that the domestic market "excessive price competition will only lead to a vicious circle, so that the entire industry will lose a healthy development environment, if the enterprise is not profitable, it will be difficult to maintain for a long time".

Comments: Wei Jianjun's views have sparked widespread discussion and even controversy, reflecting Great Wall Motor's strategy and considerations in brand internationalization and market expansion. At present, Chinese auto brands are gradually improving their competitiveness in the global market through continuous product innovation and market expansion, but they do need to further improve their brand influence, especially in brand premium.

Lei Jun, Chairman and CEO of Xiaomi Group-W (HK01810): Advocate that the domestic auto industry strengthen internal unity

On October 17, the "2024 World Intelligent Connected Vehicle Conference" kicked off in Beijing. In his keynote speech, Lei Jun, Chairman and CEO of Xiaomi Group, put forward four proposals to the automotive industry: first, adhere to scientific and technological innovation, and strive to be a global benchmark for technology and quality; Second, while vigorously developing the research and development and application of intelligent driving technology, we should clearly inform and advocate users to use intelligent assisted driving safely and reasonably; Third, the automobile is a century-old track, which is currently in a critical period of change with the integration of the consumer electronics industry. Fourth, we need to build a shared intelligent ecosystem.

Comments: Lei Jun emphasized the importance of scientific and technological innovation, the core position of intelligent driving, the unity and cooperation within the industry, and the necessity of building a shared intelligent ecosystem. These initiatives reflect Xiaomi's keen insight into industry development trends, as well as its brand vision to promote the high-end and intelligent development of China's automotive industry.

Important collaborations

Wusan Zhongda (SH600704): Signed a strategic cooperation agreement with Juhua Group

On October 15, Wusan Zhongda signed a strategic cooperation agreement with Juhua Group. According to the agreement, the two sides will deepen cooperation in the fields of bulk commodity trade, key engineering projects, supply chain integration services, market channels, new energy and digitalization, accelerate the construction of new advantages, form new momentum, and promote high-quality development of both sides.

Comments: As a leading enterprise in the chemical industry, Juhua Group has strong production capacity and market influence; As a supply chain integration service provider, Wusan Zhongda has significant advantages in bulk commodity trade and supply chain services. The signing of this agreement marks a comprehensive upgrade of the partnership between the two parties.

JD Group-SW (HK09618), Alibaba-W (HK09988): JD Logistics and Taotian Group have reached a cooperation

On October 16, JD Logistics and Taotian Group reached a cooperation, JD Logistics will be fully connected to the Taobao Tmall platform, and platform merchants will be able to choose JD Logistics as a service provider. At present, the docking system between the two sides has been basically completed, and many Taobao and Tmall merchants have chosen JD Logistics as a service provider, and consumers can also query JD Logistics in Taobao and Tmall App.

Comments: JD Logistics' leading integrated supply chain logistics service will become a new choice for Taobao Tmall merchants to reduce costs, increase efficiency, improve quality and growth. From an industry perspective, this move may promote increased competition in the e-commerce logistics industry and promote the improvement of service quality and efficiency.

National Business Daily