经济观察网据参考消息网援引日本《朝日新闻》11月12日报道，日本自民党和日本维新会已开始考虑最 早于年底前成立执政党协商会议，以就废除限制日本武器出口用途的措施展开全面讨论。现有政策规 定，日本武器出口仅限于救援、运输、警戒、监视和扫雷"五种用途"。一旦解禁，具备杀伤能力的致命 武器出口将大幅增加。 ...

经济观察网在上交所国际投资者大会上，淡马锡中国区主席吴亦兵表示，淡马锡将继续投入长期资本、 耐心资本和价值资本，构建富有韧性和前瞻性的在华投资组合，"作为一个基本面驱动的长期投资者， 我们持续关注符合投资趋势的机会。" ...

从财务数据来看，安序源科技在2023年无营收，在2024年的营收为47.9万美元；在2023年、2024年、 2025年截至6月30日止年内亏损分别为2285.6万美元、2346.6万美元、515.5万美元；经调整净亏损分别 为1967.6万美元、1465.8万美元、597.6万美元。(编辑：金倩) 经济观察网11月11日，港交所披露，安序源科技(Axbio International Limited)提交上市申请，拟于港股上 市，联席保荐人为中金公司（601995）和浦银国际。 公开数据显示，安序源科技成立于2016年，是一家致力分子诊断仪器与生物芯片的开发和商业化，并在 此领域处于领先地位的生物技术公司。截至最后实际可行日期，公司的产品组合涵盖一款微数组芯片分 析仪、两款EL-NGS基因测序仪，以及多种配套检测试剂盒，均为自主开发。公司的核心产品 AxiLonaEL-100是中国极少数能够执行基于电化学、多靶标、快速、低成本及整合式生物分子检测的分 子诊断产品。AxiLonaEL-100目前仅具备核酸检测功能，未来计划扩展至同时包含核酸及蛋白质检测功 能。根据江苏省药监局批准的器械注册规格，公司的EL-1 ...

Core Insights - Amazon's advertising business has evolved from a retail-centric model to a comprehensive media network that includes streaming TV, audio, display ads, and third-party publisher inventory [2][3] - The introduction of a unified "Campaign Manager" aims to simplify the advertising process for marketers of all sizes, allowing for easier planning, execution, and measurement of ad effectiveness [2][3] - The shift towards a more accessible advertising platform is expected to attract small and medium-sized advertisers, similar to the models of Google and Meta [4][5] Advertising Ecosystem Changes - The new Campaign Manager integrates Amazon DSP and Ads Console into a single purchasing tool, facilitating a full-funnel advertising approach [2][3] - Advertisers can continue using existing sponsored ads without incurring additional costs, although DSP maintains its minimum spending requirements [3] - The focus has shifted to performance and simplification, making the platform more user-friendly for a broader range of advertisers [3][4] Market Dynamics - The trend towards simplifying ad creation and management is likely to increase demand for Amazon's inventory, potentially driving up the cost per thousand impressions (CPM) [4] - This "flywheel effect" suggests that as more advertisers enter the ecosystem, it will lead to increased spending and improved measurement accuracy, further enhancing performance [4][5] - Amazon has established integrations with major streaming suppliers and now reaches over 90% of U.S. households, directly linking ad impressions to actual sales [5] Impact on Advertising Agencies - The transition towards AI-driven tools for ad setup and management is changing the landscape for advertising agencies, shifting the focus from operational expertise to strategy and creative development [5][6] - Agencies that previously relied on understanding Amazon's ad system may need to adapt as the barriers to entry are lowered for advertisers [5][6] - There is a growing interest among media buyers to explore opportunities beyond Amazon, indicating a potential shift in advertising strategies [6]

Core Viewpoint - Recent tensions in Sino-Japanese relations have arisen due to comments made by Japanese Prime Minister Fumio Kishida regarding potential military intervention in Taiwan if China adopts non-peaceful measures [1] Group 1: Political Context - Kishida's remarks have shocked both Japanese political circles and prompted a strong rebuke from China, which has expressed serious discontent and lodged formal protests [1] - The Chinese government has emphasized Japan's historical colonial rule over Taiwan and warned that such comments undermine international justice and the post-war international order [1] Group 2: Public Sentiment and Political Manipulation - Japanese politicians can manipulate public opinion, suggesting that if there is a growing sentiment in favor of intervening in China's unification, it could lead to a national policy shift [2] - Historical grievances and current geopolitical needs, such as energy security, are key factors that could influence public support for intervention [2] Group 3: Legal Framework - Japan's pacifist constitution traditionally limits military engagement, but recent legislative changes have allowed for more flexibility in military action under certain conditions [4][5] - The "Survival Crisis Situation" clause enables Japan to engage militarily even without direct attacks on its territory, which could be invoked in the context of Taiwan [5] Group 4: Decision-Making Factors - Japan's willingness to intervene militarily in China's unification is influenced by two main factors: the potential for U.S. pressure and the anticipated consequences of such actions from China [9][10] - If the U.S. were to strongly intervene and demand Japan's assistance, Japan would likely comply, but the potential repercussions from China would cause Japanese leaders to reconsider their options [9][10][12]

经济观察网11月12日，教育部基础教育司司长田祖荫在新闻发布会上表示，教育部将会同相关部门，推 动《关于加强中小学科技教育的意见》落实落地。将科技教育作为基础教育综合改革试点的重要内容， 鼓励地方先行先试，大胆探索，破解课程资源不足、保障机制不健全、师资力量不强等问题，探索行之 有效的经验做法，通过复制推广带动区域科技教育水平整体提升。 ...

两部《哪吒》系列电影的异军突起，是对国产电影内容中年化的一次反击，但中国电影行业并未抓住此 契机，在创作上向年轻人转向。这从根本上暴露了中国电影创作话语权的结构性失衡。目前掌握资源、 占据主流的创作者，仍然以中老年导演、演员、制作人为主；影视界所谓的"叔圈现象"，也反映出创作 者与观众的互动，无形中将诸多年轻人排斥在外。主流创作群体受经历、成长背景、观念等多重因素的 限制，对当下年轻人的精神世界缺乏共情，即便试图创作吸引年轻人的作品，在理解其审美、触达其情 感层面，仍显笨拙。 年轻观众对讲述历史、刻画现实、弘扬文化的电影，自然有他们的理解角度和观看愿望。他们对一些从 青年视角出发拍摄的作品，也给予了热情的回应，但这并不意味着，年轻观众对雷同的题材、重复的内 容、老旧的表达会一直给予掌声。如果电影市场不能提供更多创新而充满活力的作品，缺失那些主题鲜 明地指向年轻人对青春与生命思考的作品，那么，青年观众的退场将会是无声且坚决的。 韩浩月/文 电影行业调研机构拓普数据2025年11月发布的《2025年中国电影（600977）市场洞察》显 示，当前电影内容对年轻观众的吸引力正在下滑。2025年24岁以下电影观众占比仅 ...

经济观察网11月12日亚太早盘，加密货币市场突发剧烈波动。比特币价格一度失守10万美元心理关口， 最低触及10.3万美元，日内跌近4%。以太坊、索拉纳币、狗狗币等主流币种同步大跌，跌幅在5%-9% 之间。 据Coinglass数据，过去24小时内，因加密货币市场剧烈波动，全网共有超过15万名投资者爆仓(被强制 平仓)，爆仓总金额高达4.8亿美元。 ...

Core Insights - Southeast Asian countries are experiencing high motorcycle penetration due to traffic congestion, with traditional fuel motorcycles still dominating the market [1] - Chinese electric motorcycle companies are seizing opportunities in Southeast Asia as countries push for green transportation [1] Market Overview - Thailand has become a hotspot for investment from Chinese new energy vehicle companies, with over ten Chinese electric motorcycle brands entering the market [1] - Chinese electric motorcycles have captured over 10% market share in Thailand's electric two-wheeler segment [1] Competitive Landscape - In Vietnam, supportive policies are creating market opportunities for Chinese electric motorcycle companies [1] - Chinese brands have achieved approximately 28% market share in Vietnam [1] - More than ten Chinese electric motorcycle brands are establishing long-term strategic layouts and local investments in Vietnam [1]

经济观察网 11月12日，港交所官网显示，全球图像级激光雷达解决方案提供商Seyond图达通已通过港 交所聆讯。至此，禾赛、速腾聚创与图达通三家资本市场瞩目的激光雷达"三强"即将齐聚港股。 根据最新招股书，图达通2025年前9个月，交付了约18.1万台车规级激光雷达，同比增长7.7%。同时， 自2024年第四季度至2025年第三季度，图达通连续四个季度实现了毛利润为正。这一关键指标的改善， 印证了其规模化效应与精细化管理已初见成效，盈利路径趋于清晰。 ...