Core Insights - The 2025 China Wildlife Imaging Annual Competition, themed "Unreached Realm," emphasizes both geographical mysteries and humanity's limited understanding of nature [1] - Qualcomm Snapdragon has upgraded its role from exclusive imaging technology partner to "strategic technology partner" for the competition, aiming to expand the boundaries of mobile imaging and support ecological conservation practices [1] Group 1: Competition Overview - Since its partnership with China National Geography in 2020, the competition has attracted attention from 83 countries and regions, receiving over 190,000 submissions and accumulating more than 100,000 minutes of precious wildlife footage [2] - The Snapdragon Mobile Special Award has seen a nearly fivefold increase in submissions, from 1,034 photographs and 41 videos in the first year to 4,682 photographs and 109 videos in 2025 [2] Group 2: Technological Advancements - The latest Snapdragon 8 Gen 2 mobile platform features significant upgrades, including an increase in the Qualcomm Spectra ISP from 18-bit to 20-bit, resulting in a fourfold improvement in dynamic range [6] - The platform also enhances AI imaging capabilities, enabling excellent low-light video capture, which allows for detailed imagery in challenging environments [6] Group 3: Creative Contributions - The winning photography piece "The Hunter's Gaze" showcases the capabilities of Snapdragon technology in low-light conditions, allowing for precise detail capture of wildlife [7] - The video winner "Unreached Realm—Miracles of Life in the Desert" was created by an experienced female photographer using a Snapdragon-powered smartphone, highlighting the platform's effectiveness in capturing micro-life details [9] Group 4: Exhibition and Engagement - A pop-up exhibition themed "Unreached Realm, Seeking Mysteries" attracted 5,000 visitors, showcasing over 60 works captured by Snapdragon smartphones, emphasizing the unique value of technology in creative expression [11] - The rise of outdoor activities has increased demand for immersive recording methods, prompting Snapdragon to enhance its imaging capabilities across various devices beyond smartphones [12] Group 5: Future Directions - Snapdragon aims to break the boundaries of mobile imaging by integrating advanced capabilities into multiple device forms, enabling users to capture and share nature experiences seamlessly [12] - The collaboration with China National Geography is set to evolve further, incorporating multi-device synergy and innovative technology into wildlife imaging [12]

【环球网财经综合报道】据Wccftech等外媒报道，全球最大内存制造商之一美光科技移动与客户端业务部门营销副总 裁Christopher Moore近日在接受采访时表示，尽管行业持续进行巨额投资，但内存短缺问题在2028年之前难以得到实 质性改善。他指出，当前紧张局面并非厂商主动调整客户结构所致，而是AI数据中心需求爆发与内存制造复杂度提升 共同作用的结果，使行业供给边界迅速收紧。 Moore分析称，DRAM需求结构已发生显著变化。数据中心与AI相关需求在整体DRAM市场中的占比，已从过去的 30%–40%快速攀升至50%甚至60%。在这一背景下，全行业面临"产能不足"的现实，而非单一厂商资源分配问题。他 表示："这不是美光一家公司的问题，而是整个行业的挑战。我们和同行都在竭尽全力服务这些细分市场，但供应仍 远远不够。" 针对外界对美光退出Crucial品牌后"放弃消费市场"的质疑，美光强调其消费端布局更多通过OEM模式实现，仍向整机 厂商直接提供LPDDR、DDR模块，并通过整机集成进入终端市场。Moore认为，AI需求优先级上升并不意味着消费者 被边缘化，而是总可服务市场（TAM）扩大后，供给端短期内无法 ...

Group 1 - Paramount's Skydance plans to nominate directors to the Warner Bros. Discovery (WBD) board to oppose WBD's $82.7 billion acquisition deal with Netflix and promote its own acquisition proposal [1][3] - Paramount has filed a lawsuit demanding WBD disclose financial information related to the deal, including evaluations of WBD's global television network business [1][3] - Paramount's CEO David Ellison stated that the outcome may depend on shareholder votes at the annual meeting unless WBD decides to negotiate under the Netflix merger agreement [3][4] Group 2 - Paramount proposed an acquisition offer of $108.4 billion for WBD, while Netflix's offer includes a personal guarantee of $40 billion from Oracle co-founder Larry Ellison [3][4] - The Netflix deal offers $23.25 per share in cash, stock, and equity in the split-off Paramount global television network, while Paramount's offer is $30 per share in cash [4] - WBD's board previously rejected Paramount's offer, labeling it as the "largest leveraged buyout in history," and indicated that accepting Paramount's bid would incur $4.7 billion in costs [4]

Group 1 - Goldman Sachs reports that global oil supply increase is leading to market oversupply, which may pressure oil prices downward this year, despite ongoing geopolitical risks causing market volatility [1][3] - The firm maintains its price forecasts for Brent and WTI crude oil at $56 and $52 per barrel for 2026, respectively, expecting prices to bottom out at $54 and $50 per barrel in Q4 due to rising inventories [1][3] - Brent crude futures are currently around $63 per barrel, while WTI is stable at $59 per barrel, with both benchmarks experiencing nearly a 20% decline in 2025, marking the worst annual performance since 2020 [3] Group 2 - Goldman Sachs indicates that unless there are significant supply disruptions or OPEC implements production cuts, oil prices are expected to decline in 2026 due to a projected surplus of 2.3 million barrels per day [3][4] - The firm anticipates a gradual recovery in oil prices by 2027, with Brent and WTI averages forecasted at $58 and $54 per barrel, respectively, down by $5 from previous estimates due to increased supply expectations from major oil-producing countries [4] - Long-term projections suggest that global oil demand will continue to grow until 2040 due to insufficient long-term investments, with significant price increases expected in the late 2030s, reaching averages of $75 and $71 per barrel for Brent and WTI, respectively, between 2030 and 2035 [4]

Core Viewpoint - The China-EU electric vehicle negotiations have progressed, with the EU set to issue guidelines for price commitment applications from Chinese exporters, aiming to resolve trade concerns in a mutually respectful manner [1][2]. Group 1: Negotiation Progress - The negotiations between China and the EU have been characterized by mutual respect and multiple rounds of discussions, leading to the decision to provide general guidance for Chinese exporters of pure electric vehicles regarding price commitments [2]. - The EU will confirm in the forthcoming guidelines that it will adhere to non-discrimination principles and apply the same legal standards to all price commitment applications, ensuring an objective and fair evaluation process [2]. Group 2: Implications for Trade Relations - The agreement reflects the spirit of dialogue and the outcomes of negotiations, indicating that both parties are capable and willing to resolve differences within the framework of World Trade Organization rules, thereby maintaining stability in the automotive supply chain [2]. - The Italian news report suggests that replacing tariffs with a minimum price mechanism could provide greater market stability and avoid potential escalation of commercial retaliation [3]. Group 3: Future Outlook - A clear operational framework has been established, with guidelines sent to Chinese exporters to facilitate quick adaptation, marking a temporary resolution to one of the most contentious chapters in EU-China trade relations during the green transition era [5]. - The success of this agreement in balancing European industrial protection with the acceleration of zero-emission vehicle adoption remains to be seen in the medium term [5].

Group 1 - Moody's report indicates that over the next five years, at least $3 trillion will flow into data center-related investments, supported by strong financing capabilities across various credit market sectors [1][3] - The report highlights that major tech companies will be the primary source of funding for data centers, driven by increasing demand for computing power and electricity [3] - Six major U.S. cloud service providers, including Microsoft, Amazon, Alphabet, Oracle, Meta Platforms, and CoreWeave, are expected to invest a total of $500 billion in data centers this year [3] Group 2 - Moody's anticipates that U.S. data centers will increasingly turn to asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), and private credit markets for debt refinancing [3][4] - The ABS market in the U.S. is projected to reach approximately $15 billion in issuance by 2025, with significant growth expected this year due to increased loans for data center construction [3] - Despite concerns regarding the substantial debt required to support the AI revolution, there are no signs of a slowdown in data center construction demand, indicating that the capacity race is still in its early stages [4]

Core Insights - China Resources Land reported a total contract sales amount of 41 billion yuan and a total contract sales area of 1.679 million square meters for December 2025, representing year-on-year growth of 28.1% and 29.1% respectively [1] - For the entire year of 2025, the cumulative contract sales amount was 233.6 billion yuan, with a cumulative contract sales area of 9.224 million square meters, reflecting a year-on-year decrease of 10.5% and 18.6% respectively [1] - The company achieved recurring revenue of 5.29 billion yuan in December 2025, marking a year-on-year increase of 0.8%, with rental income from operating properties reaching 3.01 billion yuan, up 9.4% year-on-year [1] - The total recurring revenue for the year 2025 was 51.15 billion yuan, showing a year-on-year growth of 6.5%, while rental income from operating properties totaled 32.94 billion yuan, an increase of 12.8% year-on-year [1]

然而，"尴尬"一幕还是在去年10月到来。当时，在与访美的阿尔巴尼斯于白宫会晤期间，被问及陆克文过去的言论，特朗普当面对陆克文 说："我不喜欢你，可能永远都不会。"法新社称，特朗普对陆克文的蔑视，在澳国内引发争议，反对党呼吁终止陆克文的职务。 路透社称，阿尔巴尼斯在宣布上述消息时表示，提前卸任"完全是陆克文的个人决定"。他表示，陆克文的继任者将在不久后公布。当被问 及陆克文提前卸任一事时，一名白宫官员对路透社表示，"陆克文大使与特朗普总统和本届政府合作良好。我们祝他一切顺利。" 13日上午，陆克文在社交平台X上回应了提前卸任的消息，他表示将留在美国，并致力于"（研究）美中关系的未来"。 【环球网报道 记者 索炎琦】据路透社、法新社等媒体报道，澳大利亚总理阿尔巴尼斯周二（13日）宣布，在任职三年后，澳大利亚驻美大 使凯文·拉德（中文名陆克文）将于今年3月底提前一年卸任。 报道称，卸任后的陆克文将回到美国亚洲协会任职，并将领导该智库的"中国分析中心"。 报道提到，陆克文此次提前卸任的背景之一是去年在白宫被美国总统特朗普"贴脸开大"。据介绍，陆克文在就任澳大利亚驻美大使前曾多 次批评特朗普。在特朗普赢得总统选举后，他 ...

Core Insights - Qian Dama has established a community-based infrastructure for over 28 million members, focusing on "trust at the dining table" through its extensive network of community stores [1] - The company has officially launched its IPO process on the Hong Kong Stock Exchange, marking a new chapter in its capital market journey [1] Group 1: Business Model and Market Position - Qian Dama operates under a "discount daily clearance" model, which has contributed to its significant growth since opening its first community store in 2013 [1] - The company has a product portfolio that includes animal proteins, vegetables, fruits, and refrigerated processed foods, with plans to expand to 2,938 stores by September 2025 [1] - The community fresh food retail network has maintained the highest total transaction volume in the fresh food industry over the past five years, leading market shares in South China, Central China, Southwest China, and Hong Kong and Macau [1] Group 2: Industry Growth Potential - The community fresh food market in China is projected to reach 1.7 trillion yuan in 2024, with a chain rate of only 44.7%, indicating substantial growth potential [2] - Qian Dama's strategic store locations within 500 meters of medium to large communities enhance accessibility and convenience for consumers [2] Group 3: Operational Efficiency - Qian Dama's stores achieve a daily sales average of 14,000 yuan per store, with a space efficiency that is six times that of traditional supermarkets and three times that of convenience stores [2] - The company employs a high-efficiency small store model with 400-500 SKUs, catering to diverse consumer needs while optimizing profitability [2] Group 4: Supply Chain and Competitive Advantage - The "discount daily clearance" model, supported by a comprehensive supply chain, minimizes inventory loss and operational risks, fostering deep consumer trust [3] - Qian Dama has established a supply chain infrastructure with over 22 million square meters of temperature-controlled storage across 16 warehouses, enabling rapid product turnover [3] - The company collaborates with over 120 logistics firms, ensuring that products can reach stores within 24 hours, with pork reaching consumers in just 6 hours [3] Group 5: Future Growth Strategies - Qian Dama plans to enhance its store network by increasing penetration in core regions while expanding into lower-tier cities and counties [4] - The company aims to drive growth through franchise expansion and strategic acquisitions, particularly in East China, Central China, and Southwest China [4] - Future initiatives include upgrading delivery services and expanding into live e-commerce channels to create a comprehensive retail network [5]

来源：广州日报 1月13日晚，万众期待的马年贺岁纪念币、纪念钞即将开抢！每人限额分别为20枚及20张，每人只能各 预约一次。 具体预约起始时间不同，贺岁币预约期为1月13日22:00，贺岁钞预约期为1月13日22:30。不过两款的预 约截止时间均为1月14日24时。广东地区（深圳除外）承办银行为中国工商银行、中国农业银行、中国 邮政储蓄银行。 全国发行量分别为1亿枚、1亿张 0 8 s P d 2017 T y SAB - 12-2 10 g CONDINA 2 rentle at 1 F Car Start States el 441 ATTINNE - 65 ( 1 - 15 O STERN The Plus PP de D GU less of Callery (1) 2017 t 国 ir STERNET CON Not School States 00 x J0000000001 根据人民银行公告，马年贺岁纪念币材质为双色铜合金，面额10元，发行数量为1亿枚（含留存历史货 币档案1万枚）。双色铜合金纪念币背面图案为中国传统剪纸艺术与装饰年画元素相结合的马形象，衬 以花灯和萱草图案，币面左侧刊"丙午" ...