Reconstructing the Value Chain: Underlying Shifts from Digital Healthcare to Physical Gold
Global Report·
- 111, Inc. divested three self-operated subsidiaries to shift from a heavy asset model to a light asset S2B2C approach, causing net revenue to drop by 33.1% to 2.4 billion RMB in 2026 Q1.
- GraniteShares Gold Trust saw its gold-backed net asset value increase to 1.33 billion USD by the end of June 2026 despite a reduction in issued shares.
- These contrasting cases demonstrate that market participants are moving toward fundamental value storage and prioritizing certainty amid macroeconomic uncertainty.
