本想报名短期课程试水，却发现机构只卖大课包——最小选项也超过60课时，加上赠课动辄上百节。机 构声称"长期学习才有效果"，家长却质疑这是变相"绑定消费"。在北京商报发布《被爆炒的线上英语一 对一|境内培训、境外收账、美元收款，家长质疑LingoAce逃避监管》后，有家长反映，部分线上英语 一对一培训还存在大课包和强制消课等问题。这些大课包普遍违反教育部"不得一次性收取超过60课时 费用"的规定。部分机构通过设置课程有效期，实现已购课程快速消耗甚至自动作废的作用。 律师指出，无论机构是否跨境，只要在境内开展业务就必须遵守国内监管要求，通过赠课大幅增加总课 时，只要超过规定课时数即为违规。同时，若销售人员并未在家长购课前充分告知强制消课、扣课或有 效期等规则，则属于侵犯消费者的知情权。 强推的大课包 下架的小课包 在线教育机构的大课包销售也令不少家长进退两难。 消费者程雨在给儿子挑选一对一课程时，本打算先试购一个30课时左右的短期课程。据她讲述，自己的 儿子是首次接受一对一外教线上授课模式，一些"水土不服"的问题需要一段时间才会暴露。同时，自己 和丈夫对在线教育机构了解程度还不够，其课程安排、外教资源是否稳定也不 ...

地区生产总值实现年均8.2%的高速增长、乡村振兴跻身全国60强、正在打造国际化宠物经济生态 圈……11月11日，北京商报记者从"一把手发布·京华巡礼"系列主题新闻发布会平谷专场获悉，过去五 年，平谷区以"高大尚"发展路径驱动，地区生产总值增速稳居北京市首位，并在国家乡村振兴监测中跻 身全国60强。站在"十五五"的新起点上，平谷区正式宣布，将围绕农业科技突破、新质生产力培育、生 态价值实现等六大维度全面发力，以加速建设的国家农业科技创新港为核心载体，致力成为展示农业强 国建设成果的首都窗口。 五年GDP年均增8.2% "过去五年，平谷形成了以农业高科技、物流大流量、休闲新时尚为核心的'高大尚'发展路径，这是凝 聚全区共识、引领平谷发展的核心理念。"平谷区委副书记、区长狄涛在发布会上表示，五年来全区上 下齐心协力，经济社会发展呈现"又好又快又稳"态势——地区生产总值年均增长8.2%，总量跃居生态涵 养区首位，年均增速居全市第1；区级一般公共预算收入年均增长12.3%；固定资产投资增速始终保持 全市前列，今年首次实现半年破百亿。在国家乡村振兴统计监测中，平谷今年排名全国第58位，较去年 上升20位。 产业与科技层面 ...

Core Insights - The large six-seat SUV market is experiencing intense competition, with the recent launch of the Zhiji LS9 marking a significant entry into this segment, priced starting at 322,800 yuan [1][5] - Various automakers are focusing on enhancing space, safety, and intelligence in their products to create flagship models that cater to evolving consumer demands for family-oriented vehicles [1][6] Company Insights - Zhiji LS9 is positioned as both a flagship for Zhiji and SAIC Group, incorporating the latest technologies from the group, indicating a strategic push towards high-end market positioning [3] - The LS9 features advanced specifications, including an 800V architecture and dual-motor all-wheel drive, achieving 0-100 km/h acceleration in under 4 seconds, setting a new performance benchmark in its price range [3][4] Market Trends - The SUV market has seen a significant increase in sales, reaching 9.568 million units in the first ten months of the year, with a year-on-year growth of 9.1%, highlighting the segment's dominance [3] - The six-seat SUV segment is projected to reach around 1 million units in sales this year, driven by changing consumer preferences towards larger family vehicles [6][8] - The market for large six-seat SUVs is becoming increasingly crowded, with multiple brands launching models priced above 300,000 yuan, indicating a competitive landscape for flagship offerings [6][9] Consumer Behavior - There is a noticeable shift in consumer purchasing behavior, with families seeking more comfortable and spacious vehicles, moving away from traditional five-seat models [7][8] - The rise in multi-child families is driving demand for larger SUVs, as consumers prioritize comfort and space for family outings [7][8] Competitive Landscape - The entry of various brands into the large six-seat SUV market is intensifying competition, with notable models like the AITO M8 and M9 leading sales in the large SUV category [8][9] - The profitability of six-seat SUVs is attracting more automakers, as these vehicles cater to a consumer base willing to invest in higher-priced, more comfortable options [8][9]

北京商报讯（记者 郭秀娟 王悦彤）近日，"植物肉第一股"别样肉客（Beyond Meat）公布了截至2025年 9月27日的三季度财务报告，公司前三季度累计实现收入下滑了14.73%，净亏损出现进一步扩大。为缓 解业绩情况，别样肉客选择转型。公司首席执行官Ethan Brown表示，公司将突破"植物肉"的局限，拓 展业务范围以提供更多创新蛋白解决方案，寻求新的增长模式。 盘古智库高级研究员江瀚认为，植物肉当前面临的需求疲软更可能源于其产品本身难以满足主流市场的 长期需求。产业经济学中的"产品生命周期理论"表明，若产品无法顺利从导入期过渡到成长期，往往意 味着其价值主张未能被主流市场广泛接受，目前植物肉在全球多数市场仍停留在小众圈层，缺乏规模化 消费基础。且在口感、价格和营养构成上与真实肉类仍存在显著差距，叠加传统肉类价格稳定甚至下 行，进一步挤压植物肉的市场空间。 别样肉客创立于2009年，以创造可持续且营养丰富的植物肉替代品为使命。2019年5月，别样肉客在纳 斯达克上市，成为"植物肉第一股"，上市首日股价暴涨163%，创下金融危机之后的最佳IPO纪录，公司 市值也一度突破百亿美元。其植物基汉堡和香肠产品凭 ...

Core Insights - The People's Bank of China reported that the cumulative social financing scale increased by 30.9 trillion yuan in the first ten months of 2025, which is 3.83 trillion yuan more than the same period last year [1] - The growth rate of social financing stock was 8.5% year-on-year as of the end of October, while the M2 money supply growth rate was 8.2%, both showing a slight decrease of 0.2 percentage points month-on-month [1][6] - The overall financial volume remains reasonably stable, reflecting a shift towards high-quality economic development rather than high-speed growth [1][7] Loan Data Analysis - As of the end of October, the balance of RMB loans reached 270.61 trillion yuan, with a year-on-year growth of 6.5% [3] - In the first ten months, RMB loans increased by 14.97 trillion yuan, with a monthly increase of 220 billion yuan in October, which is a seasonal decrease [3] - Household loans increased by 739.6 billion yuan, while corporate loans increased by 13.79 trillion yuan, indicating a mixed demand across sectors [3][5] Government Bond Impact - The net financing scale of government bonds accounted for 21.3% of the social financing scale in the first ten months, which is a 2 percentage point increase year-on-year [4] - The issuance of government bonds is aimed at supporting major projects and national strategies, thereby expanding demand and stabilizing the economy [4][5] Financing Structure Changes - The balance of inclusive small and micro loans reached 35.77 trillion yuan, growing by 11.6% year-on-year, while medium to long-term loans in the manufacturing sector reached 14.97 trillion yuan, growing by 7.9% [5] - The financing channels for enterprises have diversified, moving from reliance on bank loans to utilizing bonds and stocks, with non-loan financing methods now accounting for over half of the social financing scale increase [7] Monetary Policy Context - The average interest rate for newly issued corporate loans was 3.1%, down approximately 40 basis points from the previous year, indicating a supportive monetary environment [5] - Despite the low financing costs, the marginal efficiency of monetary policy has declined, suggesting a need for careful management of monetary conditions to avoid negative effects such as capital market volatility [8][9]

此前，北京商报记者走访世贸天阶看到，即便在周末期间，该项目人气也较为冷淡。除主力店外，多数 门店、品牌已经撤场。在世贸天阶北街区域，除维多利亚的秘密、优衣库、无印良品、朴承喆发型设计 中心等少数店铺营业外，多数铺位已被围挡遮挡。而在世贸天阶南街，位于一层的小米、H M、 ZARA、Massimo Dutti等，二层JINS门店还在经营，二层通往三层的电梯已经暂停运行。B1层的美食广 场、盒马、影城还在运营。美食广场内商户介绍，工作日用餐时间店内的顾客会多一些。 以250米亚洲最大户外天幕和"全北京向上看"口号闻名的世贸天阶，迎来新契机。11月13日，北京商报 记者从龙湖商业获悉，龙湖商业与北京奥中兴业正式完成签约后，龙湖团队已实质性地介入项目，将把 运营管理、数字化系统、会员体系、营销推广及现场服务等加入世贸天阶中。作为CBD早期商业标 杆，世贸天阶一度成为北京时尚消费与城市打卡的代名词，但随着周边新兴商业体崛起，加之业态迭代 滞后、半开放街区动线硬伤等问题，项目逐渐陷入客流下滑、空置率攀升的困境。此次龙湖入局，不仅 是单个项目的命运转折，更折射出核心商圈迭代中，专业运营商对老旧地标重生的关键作用。 龙湖在京 ...

分析认为，这些言论标志着相对于过去政府政策的重大转变：以往政府即使部署大规模支出计划，也坚 持年度财政目标并强调维持市场对日本财政信心的必要性。更加引人关注的是，高市早苗并未排除未来 降低消费税的可能性。这一表态与过往政府坚持财政整顿的立场形成鲜明对比，表明日本经济政策重心 或已从紧缩正式转向刺激增长。 高市早苗表示，她将放弃使用年度基本收支盈余作为日本财政整顿目标的想法，转而支持一个延续数年 的新目标。一些市场参与者将此言论视为为增加财政支出铺路。在周一举行的众议院预算委员会会议 上，高市早苗称，将在明年1月份指示官员考虑引入"多财年"方法来衡量国家财政健康状况。 路透社报道提到，日本背负着相当于其经济规模两倍的公共债务，这在主要经济体中是最严重的。分析 人士警告，日本央行的加息计划和减少购买政府债券也将推高其巨额债务的融资成本。 与此同时，日本政府拟定的经济对策草案曝光。据日本共同社报道，该方案将扩充地方政府可自由支配 的"重点支援地方交付金"，同时将为受美国关税影响的中小企业提供资金周转支持。此举旨在支撑因物 价高涨而疲软的个人消费。 面对人口老龄化、物价持续攀升以及政府债务高企等众多经济问题，日本新任 ...

Core Viewpoint - The introduction of social features in children's smartwatches has sparked widespread controversy, raising questions about the appropriateness of such innovations in products aimed at minors [1][2]. Group 1: Market Overview - The children's smartwatch market has seen significant growth, with annual sales exceeding 10 million units and a market value in the hundreds of billions of yuan [1]. - These devices primarily focus on safety, real-time communication, and precise location tracking, alleviating parental concerns about children's exposure to heavy internet environments [1]. Group 2: Ethical Considerations - The push towards social features in children's products may lead to the emergence of gray market activities, such as account trading and artificial engagement, which could exploit children's natural tendencies for comparison and performance [2]. - The integration of social functionalities in products designed for minors raises ethical concerns, as it may divert from the original intent of technology serving the greater good [1][2]. Group 3: Risks and Challenges - Social features amplify safety risks, as they rely on user interaction effects, which can lead to inappropriate scenarios even for adult users [1]. - The potential for AI-related issues, such as providing nonsensical answers, highlights the dangers of exposing minors to untested technologies, emphasizing that children should not be the target users for experimental products [2]. Group 4: Recommendations for Companies - Companies should prioritize safety and precision in children's products, avoiding the transformation of simple tools into complex social platforms [2]. - There is a need for a balanced approach that considers both ethical responsibilities and market opportunities, particularly for vulnerable groups like children and the elderly [2].

韩国政府今年采取多项措施保障高考顺利进行。比如韩国教育部要求政府机构及部分企业13日将上班时 间推迟至10时，以缓解早高峰交通压力；首都圈地铁在6时至8时10分增加班次，并安排应急车辆，协助 遇到交通不便或突发情况的考生及时抵达考场；金融市场交易开启时间也推迟一小时。 在13时10分至13时35分英语听力考试期间，韩国全境将暂停飞机和直升机起降，以减少噪音干扰。军事 演习也将暂停。 韩国大学修学能力考试（即高考）于13日在全国85个考区同时开考，逾55万人参加考试。据韩联社报 道，考试时间为8时40分至17时45分，考试顺序按照韩国语、数学、英语、韩国史及探索（社会/科学/ 职业）、第二外语或中文5门科目的顺序进行。 考试维持自2022年开始的文理科合并模式，排除超高难度试题。本次高考成绩将于12月5日公布。 据报道，韩国今年共有超55万人参加考试，创下2019年以来的新高，入学竞争将空前激烈。报名者中， 在校生占67.1%，复读生占28.9%，其他类别占4%。 韩联社分析，高考人数上涨的原因包括医学院招生人数恢复至原先规模，2007年出生的应届生人数高于 历年。 韩国高考通常在每年11月的第三个周四举行，为 ...

在持续亏损和行业竞争的双重压力下，来凯医药迎来了商业化的关键动作。11月12日，来凯医药发布公 告，宣布与齐鲁制药有限公司（以下简称"齐鲁制药"）订立独家许可协议，后者获授独家许可，于中国 地区（包括中国内地、香港特别行政区、澳门特别行政区及台湾地区）进行LAE002（afuresertib）的研 究、开发及商业化，整体协议金额最高达20.45亿元。 北京商报记者注意到，上市以来的两年半时间里，来凯医药累计亏损已超7亿元，尚无产品实现商业 化，与此同时，其进展最快的核心产品LAE002面临跨国药企同类产品的抢先上市。这剂"强心针"式的 合作能否帮助来凯医药在激烈的AKT抑制剂赛道实现后来居上，将成为检验其商业化能力的关键一 役。 借力商业化 肿瘤药物作为来凯医药核心布局的领域之一，目前推进的核心产品大多为从诺华引进。2017—2020年， 来凯医药先后从诺华引进了包括LAE001、LAE002、LAE003和LAE005，根据来凯医药半年报，目前仅 LAE002和LAE001仍在单独推进，且为公司在研管线中进展最快的产品。 其中，LAE002是一种AKT强效抑制剂，可以抑制所有三种AKT亚型，亦是全球两种处于 ...