HK Stock Market Move | ZJLD (06979) rose nearly 4% in late trading; ZJLD Wanshang Alliance recouped over RMB 1.7 billion in 500 days.

ZJLD (06979) rose nearly 4% in late trading. As of press time, it was up 3.56% at HK$8.14, with a turnover of HK$23.9008 million. On the news front, on September 28, ZJLD's first Wanshang Alliance annual conference was held. Wu Xiangdong, chairman of ZJLD Group, said that since May last year, the Wanshang Alliance has gone through 500 days. Within 500 days, the Wanshang Alliance brought together 4,500 Dazhen alliance merchants, 8,000 Zhen 15 alliance merchants, and 800 Niushi super beer offline group-buying and channel customers, with cumulative payments collected exceeding RMB 1.7 billion. Among them, the strategic single product "Dazhen Zhenjiu" launched in June 2025 has currently collected over RMB 1.5 billion in payments. Soochow pointed out that with the release of brand momentum and strong operational capabilities, the Lidu brand still has considerable room for growth. By further replicating the "Wanshang Alliance" merchant recruitment model across all price bands, and with the resonance of new and old models, the company is expected to enter a new growth cycle. The bank believes that the company's channel model innovation has already been verified, and subsequent performance is expected to accelerate its recovery.