Conceptual aspects of QCD factorization in hadronic B decays

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I review the meaning of ``QCD factorization'' in hadronic two-body B decays and then discuss recent results of theoretical (rather than phenomenological) nature: the proof of factorization at two loops; the identification of ``chirally enhanced'' power corrections; and the role of annihilation contributions.
10 pages, LaTeX. Based on talks presented at the UK Phenomenology Workshop on Heavy Flavour and CP Violation, 17 - 22 September 2000, Durham, proceedings to appear in J. Phys. G; the 5th International Symposium on Radiative Corrections (RADCOR2000), Carmel, California, September 11 - 15, 2000; the 4th Workshop on Continuous Advances in QCD, Minneapolis, 12-14 May 2000; the Vth International Workshop on Heavy Quark Physics, Dubna, 6-8 April 2000

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