Group 1 - China has decided to expand its visa-free policy to include ordinary passport holders from Russia, effective from September 15, 2025, to September 14, 2026, allowing stays of up to 30 days for business, tourism, and family visits [1] - Following the announcement, there was a significant increase in travel product searches on online platforms, with a nearly 100% year-on-year increase in flight searches from Moscow within half an hour of the news, peaking at nearly 400% [1] - The number of Chinese tourists visiting Russia has surged, with 1.0394 million trips recorded in 2024, marking a 209.3% year-on-year increase, while Russia received 1.5035 million Chinese visitors, a 115.1% increase [1] Group 2 - Russian tourists have shown a substantial increase in travel to China, ranking among the top five source countries for inbound tourism, with a 150% year-on-year increase in orders on Ctrip since July [2] - Popular destinations for Russian tourists in China include Beijing, Shanghai, and Sanya, indicating a strong preference for major urban and scenic areas [2] - The new visa-free policy is expected to enhance cultural exchanges and tourism between China and Russia, potentially revitalizing the inbound tourism market in China [2]

核心技术方面，腾势 D9 DM-i 超级混动版配备第五代 DM 技术与 EHS200 电混系统，综合续航达 1100km，纯电续航 200km，百公里馈电油耗仅 5.85L。EV 纯电版则拥有 620km 的超长续航，并支持 800V 高压平台与双枪超充技术。安全与智能驾驶层面，全系标配 "天神之眼" 辅助驾驶系统，至尊版更 是搭载了天神之眼 B - 辅助驾驶激光版，AEB 刹停速度高达 120km/h。 今年上半年，腾势汽车累计实现销量达79830 辆，较去年同期增长 34%。其中腾势D9 贡献了 55773 辆 的销量，占总销量的 70%。细分时间轴来看，上半年6个月中腾势 D9 有 5 个月成为 MPV 月度销冠，6 月销量更是达到 9848 辆。 近日，腾势汽车在成都车展宣布 D9 系列新增至尊版、尊航版共 4 款车型正式上市，官方指导价为 30.98 万元至 45.98 万元。 作为新能源 MPV 市场的明星产品，腾势 D9 此次欲通过新品发布进一步巩固其在MPV市场的销冠地 位。 此次上市的至尊版车型采用"紫气凌云" 双色车身，历经 5 次喷涂和 2 次烘烤。车内座椅采用 9 层舒适 结构，配备双 ...

（文章来源：国际金融报） 近日，比亚迪2026款海豹07DM-i正式亮相成都车展。 作为比亚迪旗下备受瞩目的中大型插混轿车，2026款海豹07DM-i凭借全新的前脸设计，以及五大维度 满配进阶，成为本届成都车展中的热门车型，预计将在9月中旬正式上市，预计售价16-20万。 新车长宽高分别为4995mm、1900mm、1495mm，轴距达2900mm，内饰整体延续海洋简约时尚风格， 换挡中枢以集成式电子怀挡取代传统机械挡杆，释放出更多前排储物空间。 一个亮点在于，2026款海豹07DM-i搭载比亚迪全新进化的第五代DM技术，配备同级最长230km纯电续 航里程。此外，新车还配备云辇-C智能阻尼车身控制系统，加之插混专用1.5T高效发动机强劲的动力表 现，试图在在保障乘坐舒适性的基础上，兼顾驾驶乐趣。 ...

Core Viewpoint - The recent lawsuit between miHoYo and Tencent has sparked significant discussion, primarily revolving around the need for miHoYo to obtain user data from Tencent's QQ platform for a civil lawsuit, which Tencent cannot provide without following legal procedures [2][7]. Group 1: Lawsuit Details - The lawsuit is categorized as a "civil case" with the case number (2025)粤0305民初47660号, scheduled for a hearing on September 5 at the Shenzhen Nanshan District People's Court [2]. - Tencent's response emphasizes its commitment to user privacy and legal compliance, stating that user data can only be disclosed through formal judicial processes [2][8]. Group 2: Industry Context - The gaming industry frequently faces issues related to information leaks, commonly referred to as "leaks," which can severely impact game release schedules and promotional activities [3]. - MiHoYo has a history of strict enforcement against information leaks, having held over 260 individuals accountable for leaking confidential game content [5]. Group 3: Implications of the Lawsuit - The lawsuit is not a direct conflict between two gaming giants but rather a legal procedure concerning the compliance of Tencent in disclosing user information related to alleged leaks [7]. - Legal experts note that it is common for plaintiffs in civil lawsuits to request user information from platforms when the identity of the defendant is unknown [8].

据悉，作为当前全球规模最大的智能铺排船，"交通建设十号"船体总长116.6米，集成我国水运高 端装备六大核心技术创新成果，通过机械臂式充灌装置与多系统协同控制技术，将传统需12人协同操作 的流程优化为仅需2人，人员成本降低80%，作业效率提升40%。模块化设计是"交通建设十号"的又一 亮点，通过快速更换作业模块，设备利用率提升60%，有效扩展了工程适用场景。 在行业人士看来，这不仅体现了上海企业在追求高效生产、降低运营成本方面的积极探索，也表明 通过技术创新提升产业竞争力的决心，为上海高端装备制造产业向智能化、高效化发展提供了范例。 会议指出，强化战略引领，加速前沿技术攻坚和未来产业规划，主动对接国家未来产业方向，积极 承接国家重大任务，力争在前沿探索与前瞻布局上抢占先机。深化产业培育，不断完善培育机制、创新 支撑保障体系和产业集聚区空间布局，力争在全链贯通与要素融合上取得突破。优化制度环境，力争在 创新治理与开放合作上成为标杆，构建更有耐心、更加包容的制度体系，深度融入全球创新网络，全力 打造具有世界影响力的未来产业引领地。 在众多未来产业方向中，高端装备制造无疑占据着核心地位，系统性推进未来产业培育工作， ...

Group 1: Revenue and Sales Performance - BYD's total revenue for the first half of the year reached 371.2 billion yuan, surpassing Tesla's revenue of 418 billion yuan for the same period, marking the first time BYD's half-year revenue exceeded Tesla's [2] - The automotive business generated 302.5 billion yuan, accounting for 81.48% of total revenue, while the mobile phone business contributed 68.74 billion yuan, making up 18.51% [2] - BYD's automotive sales reached 2.146 million units, a year-on-year increase of 33%, with overseas sales exceeding 470,000 units, significantly up from 417,200 units for the entire previous year [2] Group 2: Global Expansion and Market Strategy - BYD's overseas revenue reached 135.4 billion yuan, a substantial increase of 50.5% year-on-year, now representing 36.5% of total revenue [2] - The company aims to sell 5.5 million vehicles in 2025, with a target of nearly doubling overseas sales to 800,000 units [3] - To boost sales, BYD plans to launch several new models in the second half of the year, covering price ranges from 100,000 to 1 million yuan [3] Group 3: Financial Metrics and R&D Investment - BYD's gross margin for the first half of the year was 18.01%, a slight decrease of 0.77 percentage points, while net profit attributable to shareholders was 15.511 billion yuan, up 13.79% year-on-year [5] - The company invested 30.88 billion yuan in R&D, a 53% increase, representing over 8% of total revenue [5] - BYD is focusing on enhancing its technological capabilities, launching initiatives like the "Super e-platform" and "Universal Intelligent Driving" strategy [5][6] Group 4: Competitive Landscape - The competitive landscape is intensifying, with new entrants like Leap Motor and Geely capturing market share in the 70,000 to 150,000 yuan segment [3] - BYD is aware of the need to improve its smart driving capabilities and is collaborating with companies like NVIDIA and Huawei while planning to develop its own chips [6]

Group 1 - The core point of the article is the completion of the acquisition of Merck Group's surface solutions business (SUSONITY) by Global New Materials International for over 5.5 billion RMB, marking the largest overseas merger in China's pearlescent materials industry [2][3] - The acquisition is expected to enhance Global New Materials' international brand presence, advanced technology, and global distribution channels, while also allowing the company to replace natural mica with self-produced synthetic mica, addressing raw material depletion risks and rising energy costs [2][4] - The acquisition includes seven subsidiaries of Merck located in Germany, Japan, and the United States, covering 18 countries and primarily targeting the coatings, cosmetics, and industrial surface solutions markets [4] Group 2 - Global New Materials International aims to create a "global surface materials ecosystem platform," leveraging SUSONITY's established cross-border e-commerce channels and localized service systems to accelerate international market expansion and sales growth [5] - The company plans to achieve synergies in raw material collaboration, capacity optimization, process integration, and cost control post-acquisition, enhancing supply chain resilience and overall operational efficiency [5] - The financial performance of Global New Materials International shows a projected total revenue of 1.662 billion RMB for 2024, representing a year-on-year growth of 51.15%, with a net profit of 242 million RMB, up 33.37% [2]

Core Insights - The acquisition of Merck Group's surface solutions business (SUSONITY) by Global New Materials International is the largest overseas merger in China's pearlescent materials industry, completed with a transaction value exceeding 5.5 billion RMB [1][3] - The acquisition is strategically significant, allowing Global New Materials to enhance its global presence and integrate advanced technologies and international branding into its operations [1][4] Company Overview - Global New Materials International, established in 2011, has become the largest producer of pearlescent pigments in China by 2019 and was successfully listed on the Hong Kong Stock Exchange in July 2021 [3] - The company reported a total revenue of 1.662 billion RMB for 2024, reflecting a year-on-year growth of 51.15%, and a net profit attributable to shareholders of 242 million RMB, up 33.37% [3] Acquisition Details - The acquisition involves seven subsidiaries of Merck located in Germany, Japan, and the United States, covering 18 countries and primarily targeting the coatings, cosmetics, and industrial surface solutions markets [4] - The financial performance of Merck's surface solutions business shows revenues of 433 million EUR (approximately 3.636 billion RMB), 405 million EUR (approximately 3.401 billion RMB), and 402 million EUR (approximately 3.376 billion RMB) for the years 2022 to 2024, respectively [4] Strategic Goals - The ultimate goal of Global New Materials is to create a "global surface materials ecosystem platform," leveraging SUSONITY's established cross-border e-commerce channels and localized service systems to enhance international market penetration and sales growth [4] - Post-acquisition, the company aims to achieve synergies in raw material collaboration, capacity optimization, process integration, and cost control, thereby improving operational efficiency and profitability [4][5]

Group 1 - JD Group announced a voluntary public takeover offer for CECONOMY's shares at a price of €4.60 per share, valuing the transaction at €2.2 billion, which exceeds 18 billion RMB [1][4] - The acquisition aims to enhance CECONOMY's digital transformation, leveraging JD's expertise in digital technology, omnichannel retail experience, and logistics [4] - CECONOMY operates over 1,000 physical stores across 11 European countries and has struggled with sales growth, with a compound annual growth rate of only 0.8% from 2022 to 2024 [4] Group 2 - JD's internationalization efforts have intensified, with the launch of the Ochama omnichannel retail brand in Europe and the reintroduction of the Joybuy online retail brand [5] - The company has initiated a "100 billion, 1,000 products new growth plan" to introduce 1,000 overseas brands over the next three years, aiming for a cumulative sales growth of 10 billion RMB [5] - JD completed the acquisition of Hong Kong-based supermarket chain Jia Bao Foods, establishing a new business unit focused on innovative retail [5]

9月1日晚间，中国船舶重工股份有限公司（以下简称"中国重工"，601989.SH）公告称，公司A股股票将于2025年9月5日终止上市。因属于主 动终止上市情形，公司A股股票不进入退市整理期交易。 公司A股股东的股票账户中不再显示中国重工A股股票，直至中国重工A股股票转换为中国船舶A股股票并完成新增A股股份上市的相关手续 后，中国重工换股股东持有的中国重工股票将按照换股比例转换为中国船舶为本次换股吸收合并所发行的A股股票。 合并后的新公司总资产将超过4000亿元，成为全球资产规模最大的船舶上市公司。 截至9月2日收盘，中国船舶股价报38.45元/股，市值达1720亿元。中国重工自8月13日起停牌，停牌前市值为1163亿元。两家公司市值合计超过 2800亿元。 制图：佘诗婕 总资产超4000亿 根据此前公布的方案，中国船舶（600150.SH）将以37.84元/股的发行价向中国重工股东发行A股，换股比例调整为每1股中国重工股票换 0.1339股中国船舶股票，交易金额达1151.50亿元。 据悉，中国重工成立于2008年，2009年12月登陆A股市场，主营业务覆盖海洋防务装备、海洋开发装备、海洋运输装备、深海装备及 ...