Core Viewpoint - Google is accelerating its AI transformation of the Android operating system, introducing an AI-driven "Notification Organizer" to help users manage notifications more effectively amidst the overwhelming number of app notifications they receive [1][3]. Group 1: AI Notification Organizer - The planned "AI Notification Organizer" will categorize notifications into four types: promotions, news, social, and recommendations, and will automatically summarize notifications using AI [3][11]. - The AI summary feature will initially be limited to summarizing "conversation notifications" from social media, avoiding the broader application of AI summaries to prevent potential issues seen with Apple's similar feature [3][11][15]. Group 2: User Engagement and App Competition - As of January 2025, the average Chinese internet user is expected to use 28.7 apps monthly, with a total of 70 apps installed, indicating that only 40% of apps are frequently used, leading developers to seek ways to keep their apps relevant [5]. - Developers are resorting to push notifications to maintain visibility for their apps, as Google and manufacturers crack down on non-compliant practices like chain wake-ups [8][9]. Group 3: Challenges in Notification Management - The Android ecosystem faces challenges due to the lack of a unified push notification system, with developers using various services, leading to users being overwhelmed by notifications each time they unlock their devices [9][11]. - Google's Firebase Cloud Messaging (FCM) service, which was previously mandatory for developers to use for notifications, is now optional due to antitrust investigations, complicating the notification landscape further [8][9]. Group 4: Lessons from Apple - Apple's previous attempt at an AI notification summary feature faced significant issues, leading to misinformation and a subsequent pause of the feature for news and entertainment apps [13][15]. - Google is strategically limiting its AI summary feature to private messages and group chats to mitigate potential backlash from developers and users, learning from Apple's missteps [15].

手握全球最多门店，海外业务却连续五年亏损超23亿——锦江国际正带着这组矛盾数据叩响港交所大门。 2024年6月29日，锦江国际集团正式向港交所递交上市申请。一旦上市成功，这家中国规模最大的酒店集团将成为国内首个同时在 A 股和港股挂牌的酒店企 业。 锦江国际，一个对普通消费者来说略显陌生的名字，但它旗下的霓虹招牌却几乎无处不在——锦江之星、麗枫、喆啡、维也纳、希尔顿欢朋，从快捷酒店到 中高端市场，这些品牌构成了中国人出行住宿的日常选择。 从海外业务来看，截至去年末，锦江国际的触角已延伸至全球55个国家和地区，仅在法国就拥有773家酒店，在欧洲、亚洲、美洲和非洲另有近400家门店。 锦江国际的出海路径颇具代表性，同时此次赴港募集的资金也将主要投向海外扩张、债务优化和运营资金补充。业内有人认为，锦江国际的赴港上市动作不 仅是锦江自身国际化战略的一部分，更可能成为国内酒店集团掀起港股上市潮的信号。因此，我们试图将锦江国际作为一个赴港募资的样本，解析港股资本 如何激活其海外版图。 靠并购狂奔的10年 锦江酒店的源头可追溯至1935年上海长乐路的一家川菜馆。 1994年登陆 A 股时，它还只是区域性酒店企业。最早的出海 ...

7月8日晚间，上纬新材发布公告称，上海智元恒岳科技合伙企业（简称"智元恒岳"）及其一致行动人上 海致远新创科技设备合伙企业（以下简称"致远新创"），计划通过"协议转让"和"要约收购"两种方式， 合计至少收购公司63.62%股份，以转让价格7.78元/股计算，此次交易总价约21亿元。 天眼查App显示，智元恒岳和致远新创均为上海智元新创技术有限公司（以下简称"智元新创"）及其核 心团队共同出资设立的持股平台。其中，智元新创是智元机器人的母公司。智元恒岳成立于2025年6 月，系本次交易设立的主体。致远新创则成立于2024年，占智元恒岳持股比例的0.5%。 从股权控制关系来看，上述三家公司的实际控制人均为智元机器人CEO邓泰华。因此，公告发布后，市 场中关于"智元机器人借壳上市"和"科创板或迎来首家具身智能机器人公司"的猜测不绝于耳。 虽然智元对上纬新材的资产注入还未发生，该操作已经点燃了股民的热情。7月9日、10日、11日，上纬 新材连续三天开盘强势"一"字涨停，市值膨胀了约22.87亿元。 融资热潮持续高涨的具身机器人领域，又上演了一场让许多人看不懂的资本大戏。 01、是否"借壳上市"？ 被智元"看上"的上纬 ...

一笔跨境转账，一般需要在数家银行间辗转1-5天才能收款；一次汇率波动，可能让企业利润蒸发数百 万——长期以来，时效慢与汇率波动大一直是支付行业的两大痛点。稳定币的出现，正在改变这个局 面，不需要中间多家中介银行，可以实时地点对点到账，甚至可以在App里面进行交易…… 中国香港特区政府于2025年5月21日通过了《稳定币条例草案》，该条例将于2025年8月1日正式生效， 蚂蚁、渣打、京东等各大企业纷纷布局——它们或聚焦跨境支付，或深耕B2B交易，或瞄准亚太与非洲 市场，稳定币的应用市场已徐徐展开。 然而，稳定币的"稳定"如何保障？它与比特币等传统虚拟货币的核心差异何在？相比于传统跨境支付方 式，稳定币有哪些优势？为此，我们特别对话某金融机构跨境业务专家江波，拆解稳定币发展情况与在 出海领域的应用前景。 「对话人士：国内头部金融机构跨境业务专家江波，拥有多年金融及跨境支付行业从业经验。」 1. 稳定币如何解决传统跨境支付痛点？ 36氪：稳定币与比特币等传统虚拟货币在核心机制上的区别是什么？稳定币如何保证"稳定"？ 江波：稳定币和比特币设定的机制不一样。比特币是去中心化的，稳定币背后需要法币或者高价值的资 产作为兑 ...

Core Viewpoint - Navitas Semiconductor's recent collaboration document has caused significant disruption in the global GaN semiconductor industry, revealing TSMC's plan to exit GaN wafer production by July 2027, while Navitas partners with PSMC to advance 8-inch silicon-based GaN technology mass production [1] Group 1: TSMC's GaN Journey - TSMC has been a key player in the commercialization of GaN technology since 2011, leveraging its CMOS manufacturing experience to develop GaN-on-Si technology [2] - By 2015, TSMC achieved mass production of GaN-on-Si, establishing a comprehensive technology platform across various voltage levels, including 650V, 100V, and 40V [2][3] - TSMC captured 40% of the global GaN wafer foundry market by 2023, establishing a competitive landscape with X-Fab and Episil [3] Group 2: TSMC's Withdrawal - TSMC announced its decision to gradually exit the GaN business over the next two years, citing a reassessment of business priorities and a shift towards higher-margin sectors like AI chips [4][5] - The company’s GaN production capacity was relatively small, with a monthly output of only 3,000-4,000 6-inch wafers, leading to minimal revenue contribution [4] - Increased competition and price wars, particularly from Chinese IDM manufacturers like Innoscience, have pressured TSMC's profit margins in the GaN market [6] Group 3: Supply Chain Risks - Recent export controls on gallium and germanium by the Chinese government have introduced uncertainties in the supply chain, impacting costs for GaN production [7][8] Group 4: Industry Transition - Following TSMC's exit, Navitas Semiconductor plans to transition its production to PSMC, utilizing 8-inch lines to produce GaN-on-Si devices, targeting the 100V to 650V voltage range [12] - Infineon is advancing its 300mm GaN wafer IDM production strategy, aiming to capitalize on the growing demand for GaN semiconductors [13][14] - The shift in the industry landscape may accelerate the transition from "technological breakthroughs" to "scale implementation" in the GaN sector [15]

Core Viewpoint - The recent quality crisis in the power bank industry, particularly involving brands Anker and Romoss, has raised significant consumer concerns regarding safety and product reliability, leading to widespread recalls and operational halts [1][2][8]. Group 1: Product Recall and Consumer Impact - Over 1 million power banks have been recalled, with Anker recalling 713,000 units and Romoss recalling 490,000 units, marking the largest recall of defective power banks in China's history [6][10]. - Consumers have expressed heightened caution in purchasing power banks, with many opting to delay their buying decisions due to safety concerns [11][12]. - Anker has provided three compensation options for affected consumers: full refunds, product upgrades, or store vouchers, while some Romoss users have faced difficulties in processing refunds [6][7]. Group 2: Safety Issues and Supply Chain Management - The recalls were triggered by safety hazards related to overheating and potential fire risks due to changes in battery cell materials from suppliers [8][10]. - The primary supplier involved, Amperex Technology Limited, has had its 3C certification suspended, indicating serious quality control issues [10][11]. - The crisis highlights systemic issues in supply chain management, where brands often outsource production, leading to potential lapses in quality control and oversight [12][15]. Group 3: Industry Response and Future Outlook - The industry is witnessing a shift as brands and e-commerce platforms implement measures to restore consumer confidence, such as emphasizing safety certifications and product testing [11][12]. - Long-term improvements in supply chain management practices are necessary to prevent future crises, requiring brands to enhance supplier selection, production monitoring, and quality assurance processes [15][16]. - The current turmoil may lead to a healthier competitive environment in the power bank industry, fostering sustainable development in the long run [16].

Group 1 - Tesla officially enters the Indian market with the opening of its first experience center in Mumbai on July 15, having imported vehicles and related products worth $1 million [1] - Greenland Group and DeepBlue Technology have established a joint venture, "Greenland DeepBlue AI Medical Technology Company," aimed at promoting the DeepBlue-MR-v1 medical model, which ranks first in complex medical reasoning evaluations [1] Group 2 - Mafengwo's personalized travel planning product "AI Roadbook" is now available to all users, featuring tools for restaurant reservations and real-time translation, enhancing the travel experience from planning to execution [2] - NielsenIQ and Gaode Cloud have signed a strategic cooperation agreement to launch "Channel Cloud Map," a retail intelligence solution that integrates real-time store data and professional verification for comprehensive market coverage [3] Group 3 - The first "Suning.com Cup" Honor of Kings national super league has been launched, with over 2,000 teams competing across 40 cities, aiming to establish 100 e-sports experience zones by 2025 [4] - The D20 Global Design Dean Summit was held in Hangzhou, focusing on the integration of design and technology, and promoting the establishment of AI design talent standards through the "D20 Declaration" [5] Group 4 - LeEco has been ordered to pay over 10.07 million yuan due to enforcement actions, highlighting ongoing financial difficulties faced by the company [6][7] - Nestlé's offices in France were searched as part of an investigation into allegations of using illegal filtration systems in their bottled water products [8] Group 5 - The Shanghai Cooperation Organization signed 12 digital economy cooperation projects, focusing on cross-border e-commerce and smart cities, during the 2025 Digital Economy Forum [9] - Beijing has launched a comprehensive service platform to support enterprises in the "Belt and Road" initiative, providing one-stop services in policy communication, financial connectivity, and talent exchange [10] - The adjustment of the national medical insurance drug list and the commercial health insurance innovative drug list has officially started, aiming to enhance the multi-level medication guarantee system [11] - The Chinese Foreign Ministry announced ongoing simplification of visa application procedures to facilitate smoother travel for foreign visitors to China [12]

一、从市场需求出发，目标国产替代 文 | 张冰冰 编辑 | 阿至 36氪获悉，海宁云荒新材料有限公司（以下简称「云荒新材」）近日宣布完成数千万元pre-A轮融资，投资方为毅达资本，资金主要用于补充公司现金流 及客户市场开拓。 「云荒新材」成立于2022年，是一家专注于高端电子浆料研发与生产的新兴科技企业，致力于打破国外巨头在电子功能材料领域的垄断。近两年，「云荒 新材」重点投入产品研发和客户测试工作中，研发产品近60个，覆盖片式电阻、钽电容、射频器件以及厚膜集成电路等方面应用场景。 目前，「云荒新材」已经在主要片式电子元器件应用的全球前列的客户群里，形成批量供应，2024年底开始形成大规模客户群供货。2025年上半年实现千 万级销售，加速商业化进程。 产品体系复杂性：体系化的产品研发对元器件专用高端电子浆料十分重要。以片式电阻为例，需构建包含十余款产品的兼容适配体系，全系列通过客户端 验证方可批量导入。每个片式电子元器件应用领域都需要以单个应用为基础构建不同体系，其复杂程度远超传统光伏领域，这是电子元件行业体系的差异 性与复杂性。 配方设计高壁垒：配方设计需要考虑多种贵金属粉体的粒径选型、表面包覆、贵金属化合 ...

每5秒，宜家就会在世界某地售出一个比利书柜。这意味着每年有超过600万个比利书柜销往几十个国家，无论语言、文化还是货币差异。 为什么宜家能做到这一点？ 因为从一开始，宜家就没有把自己定位为一家瑞典企业，而是选择打造一个全球品牌。 对于今天的中国企业而言，这个案例尤其具有启发意义。在全球化浪潮中，越来越多的中国企业开始思考：如何从本土成功走向国际舞台？ 答案可能就在迪拜。 作为连接东西方的国际商业枢纽，迪拜正以其独特的地理位置、政策优势和商业环境，吸引着越来越多寻求全球化发展的企业。特别是对中国企业而 言，迪拜不仅是进入中东非市场的重要门户，更是构建全球业务网络的战略要地。 全球化：从选择到必然 在如今的商业环境中，全球化发展已经不再是一种战略选择，而是关乎企业生存的核心能力。 虽然专注本土市场看似是稳妥的选择，但这样做会限制增长潜力。更重要的是，这还会让企业暴露在本地经济衰退或市场饱和的风险之中。 而那些制定全球扩张计划的企业，天然具备了适应能力，能够实现收入来源多元化，并保持更快的创新步伐。 中国企业全球化路径上的挑战 1. 确保商业模式具备可扩展性 如何确保企业的商业模式能够灵活适应不同国际市场环境的复杂 ...

直播间庆贺粉丝破3000万的余温未散，董宇辉就要面临独立后的一次关键考验。 第三方数据平台达多多显示，今年6月，与辉同行在抖音带货月榜排名第五，这是与辉同行今年以来首次跌出榜首位置。 流量数据同样呈现下滑趋势。飞瓜数据显示，2025年上半年，与辉同行直播间日均观看人次为1504万，较2024年同期的2750万大幅下降45%。 粉丝增长亦显乏力。2024年上半年，与辉同行的抖音粉丝数增长1200万；而今年上半年，粉丝增长为322万。 值得注意的是，董宇辉的个人抖音账号粉丝也在流失。过去四个月，董宇辉的个人抖音账号粉丝数下降60万，从2月份的2768万下滑至2707万。 显然，董宇辉的发展正在从巅峰期进入平稳阶段。这是所有流量型内容创作者难以回避的问题。 不过，与其他头部主播相比，这一进程在董宇辉身上显得更为突出。以疯狂小杨哥为例，2018年至2022年的五年时间，小杨哥抖音粉丝破亿，平均一年粉 丝增长约2000万。但是对于董宇辉来说，今年上半年与辉同行粉丝增长不足500万，而且个人账号粉丝流失60万。 如果将董宇辉整个主播生涯的时间线拉长，董宇辉粉丝增长最关键的节点，是与东方甄选或者俞敏洪的纠葛期。 从2022 ...