Core Insights - Runway, founded in 2018 by three NYU alumni, has raised a total of $815 million (approximately 5.6 billion RMB) in funding, with the latest round in April 2025 securing $308 million (approximately 2.1 billion RMB) from investors including SoftBank and NVIDIA, leading to a valuation exceeding $3 billion (approximately 20.7 billion RMB) [5][10] - The company is renowned for its video generation products and recently launched its latest model, Gen-4.5, which can produce high-fidelity outputs suitable for film, including complex scenes and realistic physical effects [5][10] - Gen-4.5 currently ranks third in the global AI text-to-video model performance leaderboard, outperforming notable models from Google and OpenAI [5][6] Funding and Future Plans - The new funding will be utilized to train the next generation of world models and expand into new products and industries [7] - Following the release of Gen-4.5, Runway introduced the General World Model (GWM-1), designed for real-time simulation and interaction, with three variants aimed at different applications [7][9] Technological Advancements - Runway is leveraging the NVIDIA Rubin platform to enhance its video generation and world model technologies, being one of the first teams to showcase video generation models on this platform [9] - The company has partnered with CoreWeave, a US AI cloud service provider, to expand its infrastructure and computational capabilities, with NVIDIA being a key supporter and supplier [9] Market Position and Competition - Runway's recent advancements have rekindled investor interest, especially after surpassing competitors like OpenAI Sora and Kuaishou Keling in benchmark tests [10] - The company is making significant investments in the world model sector, which is highly competitive, with advancements from Stanford's World Labs and Google's DeepMind [10]

2月5日，美团发布公告，宣布以7.17亿美元收购叮咚买菜。 消息一爆出，除了一线员工在社媒上表示担心工作有变动，还有很多普通人担心叮咚会因为被收购"变味"，担心自己喜欢的某款产品或系列下架、骑手配 送速度变慢，或者担心叮咚不再像过往那样常常推出有趣的新品。 科技博主@皮皮推 在微博上写道："今天，我刷到了美团收购叮咚买菜的消息……我注意到大部分网友，尤其是上海的网友都对叮咚买菜有一种特殊的感 情。" 2月7日，叮咚买菜还在小红书做出了官方回应：放轻松，小菜还是小菜。《DT商业观察》很好奇，江浙沪网友们对于叮咚买菜的"特殊感情"到底由何而 来？ 江浙沪消费者，对叮咚买菜"念念不忘" 的确，收购消息一经发出，很多IP地址在江浙沪的消费者，尤其是上海的消费者，都表达了对叮咚买菜的喜爱和不舍。 2月5日，小红书@momo发了一篇笔记《我以为对叮咚产生感情是很小众的事情》，起因是自己的一条"我真的很喜欢叮咚，一天下好几单，没事闲着就打 开看看又上什么稀奇古怪的小玩意儿了……"的留言被很多人点赞，她才发现原来有这么多人和自己一样对这个APP很有感情。 上海那三个月，只有叮咚让我吃上一口小龙虾。 前期团购还没起来的时候。我 ...

Financing Information - Beijing Zhilian Technology Co., Ltd. has completed a Series A financing round of 40 million yuan, led by Zhongying Venture Capital and followed by Beichuang Investment [5] - The funds will be used to accelerate the mass production of optical switching chips, expand the team, and develop next-generation technologies [5] Company Overview - Founded in 2025 and headquartered in Beijing, Zhilian Technology focuses on developing a nanosecond-level fast optical switching system based on Arrayed Waveguide Grating Routers (AWGR) [5] - The company has completed demo validation of its core product, the world's first optical switching chip compatible with DWDM standards, and has conducted small-scale application tests in leading intelligent computing center scenarios [5] Market Analysis - As AI training scales continue to expand, traditional electronic switching networks are approaching physical limits in bandwidth, latency, and power consumption [8] - Optical switching chips can significantly reduce communication latency and are essential for supporting large-scale computing clusters and the evolution of next-generation computing supernodes [8] - Current optical switching technology is still in its early stages, with fast optical switching (microsecond/nanosecond level) being more suitable for real-time interconnects in computing clusters compared to slow optical switching (millisecond level) [8] Team Background - The founder, Professor Xue Xuwei, is a tenured professor at Beijing University of Posts and Telecommunications, specializing in optoelectronic hybrid switching technology for data centers and high-performance computing [9] - Co-founder Li Chenhui holds a PhD from Eindhoven University of Technology and focuses on silicon-based optoelectronic integration and advanced packaging technologies [9] - Co-founder Zhang Maosen has experience in digital transformation and strategic adjustments in technology companies, previously working at KPMG [9] Founder Insights - The transition from electronic to optical switching is seen as inevitable due to the limitations of electronic switching in meeting the exponential demand for capacity from AI models [10] - Optical switching offers significant advantages in power consumption, cost, and system stability compared to electronic switching, which relies on numerous active optical modules [10] Competitive Positioning - Zhilian Technology aims to provide a comprehensive fast optical switching solution rather than just individual AWGR devices, ensuring deployable and operable capabilities in intelligent computing centers [13] - The company has unique technical capabilities in crosstalk suppression and insertion loss control, which are critical for the stable operation of high-speed, large-scale optical switching systems [13]

最近，一种长得扁扁平平，表面扑着白面粉，看起来甚至有点"灰头土脸"的面包，火上了热搜。 这种面包名叫恰巴塔，音译自意大利语Ciabatta，意思是"拖鞋"。 在小红书上，不少网友打趣道：恰巴塔已经进入了"瑜伽裤时代"。这个比喻可谓形象，瑜伽裤因为极强的弹性，可以包裹各种身材；而恰巴塔则因为其独 特的形状和内部结构，像个超大容量的"口袋"，能把各种中式的西式的食材统统塞进去。 图源：小红书@秃子秃子大秃子（已获授权） 爆火的恰巴塔究竟是什么来头？ 恰巴塔进入中国，从帕尼尼变成夹馍？ 很多人第一次接触恰巴塔，是肯德基在2015年推出的早餐帕尼尼。热压香脆、夹着芝士蛋或猪柳的恰巴塔三明治，在早餐时段广受关注，成了不少人对恰 巴塔记忆的起点。 后来，一线城市烘焙店开始将恰巴塔单独售卖。2018年，上海MBD面包店就推出黑豆松子恰巴塔，成为网红必吃产品。Drunk Baker等烘焙店也因恰巴塔 等产品备受关注。2024年8月，山姆上新恰巴塔。2025年初，盒马也紧跟趋势推出恰巴塔新品。2025年7月，桃李、曼可顿等传统烘焙巨头相继推出恰巴塔 产品，把它从精品面包房带到了更大众的消费场景里。 就这样，在多个品牌都推出恰巴 ...

一则拿地消息让云南抚仙湖区域再次成为讨论热点。 消息一出，"华晨宇拿下三块地"话题迅速登顶热搜，引发全网热议。作为云南文旅市场的核心板块，抚仙湖近年来经历了从开发热潮到生态管控、品质升 级的转型，此次华晨宇携明星IP入局，能否为抚仙湖区域文旅带来新突破？ 2月8日，歌手华晨宇在巡演深圳火星演唱会收官站上重磅宣布：演唱会乐园模式将全面升级至2.0版本。 与此前租地搭建的方式不同，此次团队已在一个四季如春的地方，正式拿下三块地。实现从租赁场地到自建固定基地的跨越式升级。"那里有我们的乌托 邦，还有演唱会，有吃有喝有玩，还有我们温暖的房子。" 歌手拿地 尽管华晨宇在演唱会上并未直接透露地块具体位置，但最关键的线索实则已藏在一家与他歌曲同名的公司里。 "此类信息通常属于非公开的商业合同内容，除非由地方政府在土地出让公告中主动披露，否则较难获取确切数字。"有业内人士向《每日经济新闻》记者 透露，不过，考虑到该项目定位为文旅融合型项目，且可能享受地方在文旅产业扶持方面的政策优惠，土地获取成本或存在一定比例减免或定向出让特 征。 天眼查信息显示，2025年12月1日，华晨宇持股99%的上海圣恒鸿音文化传播有限公司，与长期主 ...

36氪制图 OpenClaw不依赖单一模型，而是在后台协调多个Agent分工协作。它像一个中控台，让AI从"回答者"变成"执行者"。尽管目前在多步骤规划上成功率仍有衰 减，但它证明了：在App之上，已经可以建立一层新的执行结构。 "透视图"是36氪新推出的轻量化数据图文栏目——以数据透视趋势，以图片呈现要点。"Talk is Cheap. Show me the data." 作者丨邱晓芬 GitHub上的开源项目OpenClaw近期迅速走红。在与Y Combinator的访谈中，创始人Peter Steinberger抛出一句话："未来的操作系统不再需要图标，只需要意 图。"他甚至激进地判断，80%的App将因为不再被主动打开而自然消亡。这并非危言耸听，而是三种交互结构正在重塑"入口"。 36氪制图 01. 调度层重构：OpenClaw的"蜂群"思路 02. 硬件层接管：豆包手机的"视觉暴力" 36氪制图 字节跳动选择了更直接的路径——不等待接口开放，利用视觉识别让 AI 自己"用App"。这验证了界面层接管的可能性，但在当前30 TOPS的端侧算力瓶颈 下，跨应用操作仍面临延迟（约3秒）与成功率（约50% ...

如同最初的创新药一般，近两年来，中国创新医疗器械BD也正逐渐起势。 日前，国家药监局宣布多款创新医疗器械获批上市，其中，一次性使用外周血管血栓旋切导管为国内首创，并达 到国际先进水平。与此同时，又有十多款产品公告进入创新医疗器械特别审批程序。公开数据显示，2025年国家 药监局已公告122款产品进入创新医疗器械特别审批程序，较2024年近乎翻倍。 中国创新医疗器械，即将迎来自己的"创新药"时刻？ 01 国内创新医疗器械BD也疯狂 回顾中国创新药的崛起，从2024年开始，中国创新药得到全球关注并被MNC大肆买进成为了一个标志。彼时正是 在美国生物技术生态普遍低迷之际，中国创新药反而逆势而上，成为"卖方市场"的主角。 2025年，这种趋势更是势不可挡。据医药魔方NextPharma数据库显示，2025年中国创新药共完成157起BD出海授 权交易，交易总额为1356.55亿美元，其中首付款70亿美元，这三项关键数据均创下历史新高。 此外，在超高额BD交易中，2025年全球医药License-out交易总额Top10有8项来自中国，另外总交易额超过百亿美 元4起中，中国独占3起。这些高额交易使得中国创新药2025年B ...

我们不妨先来思考另一个问题：为什么过往这些年，年轻人总是对非遗敬而远之？ 劲旅君曾随机采访过多位年轻人，是非遗文化晦涩难懂，还是非遗技艺过于繁缛，亦或者非遗纯粹是哗众取宠，名不副实？！ 年轻人们在沉默片刻后给出的答案却出奇的一致：非遗很好，但与我无关。 马年春节将至，劲旅君最近发现，舆论上关于"非遗 年轻人"的关键词提及频率大幅上升。 马蜂窝数据就显示，今年春节年轻人扎堆涌入非遗小城，潮汕、自贡、普洱等小众城市成为热门城市，非遗玩法一度成为年轻人疯狂追逐的新晋网红。另 据电商平台数据显示，2026新春非遗相关商品销量同比上涨187%。 值得玩味的是，往年春节，各地非遗是作为"政府扶持项目"，在官方媒体上被动亮相；今年春节，各地非遗却悄然变身"潮玩新顶流"，受到年轻人主动追 捧。 有人说，马年春节非遗爆火，这是年轻人大力整顿的结果。事实的确如此么？ 01 曾几何时，在年轻人的印象中，非遗约等于在博物馆中被层层保护起来，只能隔着玻璃观摩的"文物"；提起非遗传承人，年轻人脑海中浮现出的却是一群 孤独坚守的耄耋老人。 即便是官方积极开展的各种非遗体验活动，在年轻人眼里，这更像是是一场自上而下的自我狂欢。 更有人曾戏谑 ...

Core Insights - Coca-Cola Company reported resilient growth in its annual financial results for 2025, with Q4 revenue of $11.822 billion, a 2% increase year-over-year, and net profit of $2.316 billion, up 5% [1] - The company’s total net revenue for 2025 reached $47.941 billion, a 2% growth, while net profit surged by 23% to $13.137 billion [1] - CEO James Quincey emphasized the company's focus on strategic execution for long-term success as he prepares to hand over leadership to Henrique Braun in March 2026 [3][21] Financial Performance - In Q4 2025, Coca-Cola's earnings per share (non-GAAP) was $0.58, exceeding market expectations of $0.56, while the full year EPS was $3.00, surpassing the forecast of $2.99 [1] - Global single-serve sales grew by 1% in Q4, while annual sales remained flat; however, the company noted a strong momentum towards the end of the year [17][18] Market Performance in Asia-Pacific - In the Asia-Pacific region, Q4 single-serve sales were flat, with comparable operating profit (non-GAAP) declining by 3% due to rising input costs [4] - The company is focusing on long-term growth opportunities in China, despite a weaker performance in Q4 compared to other periods [6][11] Product Innovations and Marketing Strategies - Coca-Cola introduced several innovative products in 2025, including the "Share a Coke" campaign and new flavors in its Sprite and tea brands, aimed at enhancing market performance [8][10] - The company is actively engaging in market feedback through initiatives like the "Market Impact Week" to inform future product planning and strategies [10] Supply Chain Enhancements - Coca-Cola is investing in its supply chain, with upgrades to five production bases in China, including new facilities in Shaanxi and Zhengzhou, to improve efficiency and resilience [11][13][15] - The company has implemented a "24-hour emergency drinking water rescue mechanism," responding to natural disasters and supporting community resilience [16] Leadership Transition and Future Outlook - The transition to new CEO Henrique Braun is part of a planned succession strategy, with Braun expected to leverage his experience in the Greater China region to drive future growth [21][25] - Coca-Cola has set a 2026 guidance for organic revenue growth of 4% to 5% and EPS growth of 7% to 8%, indicating a positive outlook for the upcoming year [20]

又到春运，当高铁载着归心似箭的你我"嗖嗖"向前时，不要忘了一列列绿皮车依然固执地吞吐着烟火气——那是春运记忆里的重要拼图。 和主打冷链盒饭和高效赶路不同，绿皮车有锅气十足的家常菜，有陌生人分你半盒水果、递颗糖的随手温暖，有扎扎实实"在路上"的踏实感。 特别是当你走进餐车的车厢, 一口炒锅，一勺豆瓣，热油与花椒缠绵颠簸在一起时，立马会觉得，漫长路途也变得好消磨。 就算旅途再长，你的味蕾也可以先回归家乡。 01 高铁虽也有餐车，但高铁的餐车对外售卖二等座位，有水吧和冷链盒饭，与现炒现做无缘。真正的"移动酒楼"，只在那些还能明火颠勺的绿皮车里。 绿皮火车的餐车是跨铁路局的车次才有，一般在硬座和硬卧的连接车厢处。 前不久，Z100/99 次（上海 — 广州）即将更换为动力集中式动车组，这意味着这个班次的现炒餐车也会一同消失，吸引了不少人前去送别，其餐车火热 到需要排队叫号。这趟车曾是火车餐食的"天花板"，因其前身直通香港的特殊背景，餐饮标准向国际化看齐。招牌的"红烧鲈鱼"先煎后烧，色泽明亮汤汁 浓稠，通杀南北味蕾。 但江湖并未沉寂，真正的行家已转战其他阵地。目前现存的经典移动大酒楼，你吃过几个？ 上海松江 K1127 ...