苏超模式适合中国吗？ 前有苏超的持续火爆，后有赣超首轮场均上座人数（13392人）赶超同期中甲（第16轮场均10555人），让中国基层足球在这个夏天呈现出燎原之势的苏超 模式，究竟魔力何在？ 苏超模式并不是标准答案，而是开启千万种可能的钥匙。若以苏超模式为基础，中国基层足球未来的探索重点或许在于"适配性创新"。 开票迅速售罄、首轮场均13392人观赛，在苏超爆火出圈之后，江西省城市足球超级联赛（简称赣超）也紧跟苏超脚步，并取得了江西老表们的广泛支 持。此外，四川、湖南、武汉、哈尔滨等省份或城市的城市足球联赛，也已经展开或正在推进当中。 从2022年的村BA到2023年的村超，再到2025年苏超的爆火、赣超首秀战绩不俗、众多省份和城市的跟进参与，地域性的非职业化赛事，不断点燃着各界 的体育热情。以至于在职业足球金元"辉煌"不再、国足连续六届无缘世界杯的当下，这个夏天却成为一场全民足球狂欢。这不禁让人思考，这种强调地域 属性和非职业化的"苏超"模式，是否能成为推动中国基层足球发展的契机？ 首先是政府的全力支持。苏超和赣超都是政府主导和推进的足球赛事，无论是场地还是门票，几乎都由政府买单。这种低门槛的普惠特性，是吸 ...

Group 1: Company Developments - Hong Kong Airlines has launched a free airport transfer service in collaboration with 永东直通巴士有限公司 and 日本阿拉丁集团, available until December 31, 2025, for passengers with valid boarding passes [1] - 京东币链科技 has reported that a fake digital currency named JD-HKD has been circulating on major trading platforms, clarifying that no such stablecoin has been issued and urging users to avoid scams [1] - 一亩田集团 has established an international business operation center in Hong Kong, marking the beginning of its global expansion, with active buyers from over 50 countries [2] - 宇树科技 has initiated its listing guidance with 中信证券 as the advisory firm, with its controlling shareholder holding 34.763% of the company [3] - 必和必拓 has announced that its Canadian potash project may exceed budget by $1.7 billion, with the first phase 68% complete and initial production now expected in mid-2027 [4] - 英国石油 has agreed to sell its onshore wind energy business in the U.S. to LS Power [4] - 比亚迪 has established a new sales service company in Jinan, fully owned by its subsidiary [4] - 小米 has officially opened its Shenzhen headquarters, marking its fourth regional headquarters in China [6] - 赛诺菲 has completed the acquisition of Blueprint Medicines for over $9 billion, including a rare disease drug that has been approved in the U.S. and EU [6] - 保泰人寿 has secured $70 million in Series C funding, led by 永明金融有限公司 [6] - 长石资本 has raised 728 million yuan for its hard technology fund, achieving over 50% IPO success rate across its investments [6] Group 2: Product and Partnership Announcements - 腾讯元宝 has integrated with QQ Music, allowing users to play music directly within the app [7] - Airwallex has formed a multi-year global partnership with Arsenal Football Club, becoming the official financial software partner [8] Group 3: Market Insights - The global cryptocurrency market has surpassed $4 trillion for the first time, with Bitcoin accounting for 59.91% of the total market cap at approximately $2.39 trillion [12]

NVIDIA 的研究团队联合加拿大魁北克人工智能研究所 Mila 提出了 La-Proteina，这是一种基于部分潜在流匹配的原子级蛋白质设计方法。它能够有效结 合显式的 backbone 建模和固定大小的每个残基潜在表示，以捕捉序列和原子侧链信息，解决了蛋白质生成过程中显式侧链表示的维度可变性这一关键挑 战。 众所周知，设计具有特定结构和功能的新型蛋白质，在药物研发、生物工程等众多领域都有着巨大的应用潜力。然而，要实现这一目标并非易事，尤其是 在捕捉蛋白质序列和结构之间的关系方面，一直是从头设计蛋白质的一大难题。 以往大多数方法往往将蛋白质序列和结构的设计分开进行，例如先生成序列再进行折叠，或者先设计 backbone 再确定序列。但要精确建模蛋白质序列和 全原子结构的联合分布，从而实现对功能位点的精细控制，以及完成关键的蛋白质设计任务，如原子基序支架设计，仍然是一个极具挑战性的问题。这不 仅需要处理离散的序列和连续的坐标，还需要应对侧链维度随序列变化的问题。 在这样的背景下，NVIDIA 的研究团队联合加拿大魁北克人工智能研究所 Mila 提出了 La-Proteina，这是一种基于部分潜在流匹配的原子级 ...

Core Viewpoint - The approval of the SES-Intelsat merger by the FCC marks a significant consolidation in the satellite industry, creating a leading global satellite operator with enhanced capabilities and a larger satellite fleet, which is expected to reshape the market landscape [1][4]. Group 1: Merger Details - The FCC has approved SES's acquisition of Intelsat for $3.1 billion, following the EU's unconditional approval [1]. - The merger results in a combined satellite fleet of 120 satellites, enhancing SES's operational capabilities and market position [1]. - The new entity will generate approximately 60% of its revenue from high-growth sectors, indicating a strategic focus on expanding into lucrative markets [1]. Group 2: Financial Implications - SES's projected annual revenue post-merger is estimated to reach €3.7 billion, with a compound annual growth rate (CAGR) expected to be in the low to mid-single digits from 2024 to 2028 [3]. - The adjusted EBITDA is forecasted to be €1.8 billion, with plans to achieve over €1 billion in adjusted free cash flow by 2027-2028 [3]. - The merger is supported by a contract backlog exceeding €8 billion, providing clear visibility for future revenue [3]. Group 3: Industry Context - Traditional satellite operators like Intelsat face increasing competition from emerging satellite startups and technologies, particularly from low Earth orbit (LEO) providers like Starlink [2][4]. - The demand for satellite content distribution services is declining due to the rise of terrestrial fiber networks and streaming services [4]. - The merger is seen as a strategic move to consolidate resources and enhance competitiveness against new satellite internet giants [4]. Group 4: Technological Advancements - The combined company will leverage a multi-orbit satellite strategy, integrating capabilities from GEO, MEO, and LEO satellites to provide flexible and diverse connectivity solutions [5][6]. - SES is a key proponent of multi-orbit and hybrid connectivity strategies, aiming to meet various use cases, including IoT and satellite direct communication [6][8]. - The merger will enable SES to invest in new network capacity and technologies, with planned annual capital expenditures of €600 to €650 million from 2025 to 2028 [8]. Group 5: Future Challenges - Concerns exist regarding the merged entity's dominance in the U.S. C-band video programming distribution, although alternative transmission methods are anticipated to become more prevalent [9][10]. - The FCC has noted that SES and Intelsat control over 95% of the U.S. C-band video programming transmission, but other viable alternatives are expected to emerge [9]. - The merger is positioned as a means to enhance competitiveness against LEO operators, which are projected to dominate certain service revenues by 2032 [10].

茶颜悦色出海了。 跟喜茶、蜜雪冰城等布局海外线下门店的做法不同，茶颜悦色采用"0门店+纯电商"的模式出海，目前在亚马逊、Shopify独立站、亚马逊、TikTok Shop、沃尔玛、亚米、weee等，开了线上商店，希望将国内的"文化+零食"的模式，移植到北美市场。 近年来，中国食品出海，遇到了许多阻碍和壁垒，茶颜悦色的出海模式，能否实现新的突破？中国食品出海，在合规、本地化方面遇到了哪些挑 战？ 01.茶颜悦色的纯电商出海模式 茶颜悦色创立于2013年，在其最火爆的时候，顾客们愿意排队几个小时，以等候一杯奶茶。黄牛会经常会买走一些爆款商品，然后以每杯200到500 元人民币（约合28到70美元）的价格，转卖获利。 如今，这个曾经红极一时的茶饮品牌，开始踏上出海之路。 在亚马逊上，茶颜悦色上架了薯条、辣条、面包丁、茶具等产品。由于上架时间不长，大部分产品还看不出明显的销量。不过，其一款玻璃茶杯， 已经在"茶杯"类目排到了2530名，另一款奶香面包丁，也进入零食类目的畅销榜前列。 | $ 1250 ($2.50 / count) | | | --- | --- | | Apply now and get a $8 ...

京东与美团凭借深厚的科技基因与庞大的场景资源，正积极将具身智能纳入其核心战略版图。双方虽路径各异，但目标高度一致：通过具身智能驱动主营 业务效率革命，构建面向未来的核心竞争力。 刘强东和王兴再次坐在同一张牌桌上，这次搏的不再是你手中握着的奶茶，而是下一个时代的船票：具身智能。 作为货架电商核心玩家与本地生活赛道的龙头，京东与美团的主营业务虽与具身智能无直接关联，但其企业基因中深植的技术积淀与场景积累，恰恰构成 孕育具身智能发展的核心要素。正如美团CEO王兴所强调，美团内核是一家科技驱动型企业；京东CEO许冉同样指出，"AI在京东整体业务中正发挥日益 重要的价值驱动作用。" 当AI成为二者的核心叙事，作为AI能力向物理世界渗透的关键载体，具身智能自然成为两家巨头竞相布局的稀缺标的。其价值体现在双重维度：一方 面，依托具身智能的技术跃迁，有望驱动双方核心业务效能实现突破性提升；另一方面，该技术具备全链路渗透与效率重构的潜力。 具体来看： 王兴明确表示，公司将深化与被投机器人企业的协同，强化Robotics与AI的有机融合，持续迭代自动化配送等关键能力。具身智能的技术跃迁，将驱动其 供应链及末端配送体系的核心要素革 ...

Core Viewpoint - The general agent market is facing significant challenges, with companies like Manus experiencing declines in user engagement and revenue, indicating a lack of compelling use cases that drive sustained user loyalty and payment [2][9][11]. Group 1: Market Dynamics - Manus has relocated its headquarters to Singapore, laid off 80 employees, and abandoned its domestic version, reflecting a strategic shift rather than a failure in operations [2]. - The general agent market is being eroded by the overflow of model capabilities and competition from specialized agents, leading to a decline in revenue and user activity for general agents like Manus and Genspark [2][8]. - The market is witnessing a drop in monthly recurring revenue (MRR) for general agents, with Manus reporting a more than 50% decline in June [11]. Group 2: Product Performance - General agents have struggled to find killer applications that can attract and retain users, often being used for basic tasks like creating presentations or reports [2][9][11]. - The performance of general agents is hindered by their inability to match the precision of specialized agents in enterprise settings, leading to dissatisfaction among users [7][8]. - The pricing model of Manus, which relies on a points-based system, is seen as a barrier to user adoption compared to cheaper and more efficient model APIs [6][11]. Group 3: Technological Challenges - The rapid advancement of large models has made them increasingly agent-like, allowing users to directly utilize these models instead of relying on general agents [4][8]. - General agents often struggle with complex tasks due to their reliance on a step-by-step execution process, which can lead to errors and inconsistent output quality [16][19]. - Innovations in reinforcement learning (RL) are being explored to enhance the capabilities of agents, potentially allowing them to evolve from simple tools to more autonomous and adaptable systems [17][22]. Group 4: Competitive Landscape - The competitive landscape is shifting, with larger companies leveraging their resources to develop and promote their own agent products while also providing free services to attract users [12][13]. - The domestic market for general agents is becoming increasingly competitive, with major players like Baidu and ByteDance offering free testing and services, making it difficult for smaller companies to compete [12][13]. - The focus on deep research capabilities and multi-modal functionalities is becoming a common strategy among various agent developers to enhance their offerings [12][15].

文 | 挖贝网 王思宇 6月23日，杭州高特电子设备股份有限公司（简称：高特电子）创业板IPO获受理，并于近日进入问询阶段，保荐机构为中信证券。 | 序号 | 项目名称 | 投资总额 | 募集资金投入 | | --- | --- | --- | --- | | | 储能电池管理系统智能制造中心建设项目 | 67,413.83 | 60,000.00 | | 2 | 补充流动资金 | 25,000.00 | 25,000.00 | | | 合计 | 92,413.83 | 85,000.00 | 2024年营收9.19亿元 两年增长1.66倍 高特电子成立于1998年，自成立以来始终聚焦于电池监测和电池管理相关领域。公司面向新能源产业提供安全、可靠、高效、稳定且更具经济性的新型储 能电池管理系统相关产品，连续三年在大型储能领域BMS产品出货量保持行业前列。 公司储能BMS相关产品广泛应用于电源侧/电网侧大型高压储能电站，以及工商业储能、户用储能等领域，同时公司产品也涵盖应用于数据中心、通信基 站、轨道交通等领域的后备电源BMS，应用于新能源汽车、电动船舶等领域的动力电池BMS，以及电力检测等相关业务。 2022 ...

2025年7月17日，一辆挂着临时牌照的小米SU7，被装在运输卡车上，行驶在韩国京釜高速公路上，目的地直指首尔现代汽车总部。这不是花边新闻，也 不是车迷的偶遇抓拍。根据韩国媒体的报道，这是现代汽车官方以研发为目的，正式申请并获得了临时运行许可的"研究样本"。与此同时，在现代的"心 脏"——南阳研发中心，更多的小米SU7早已进驻。 半年前，当第一辆测试牌照的SU7出现在南阳附近时，行业内的解读还停留在"常规竞品分析"的层面，猜测现代究竟是对三电系统、智能座舱还是底盘调 校感兴趣。而今天，当现代官方确认并系统性地引入SU7进行"解剖式"研究时，这件事的性质已经发生了根本性的变化。 这不再是传统汽车巨头对一款新产品的常规审视，而更像是一个成熟的工业体系，在面对一个它不完全熟悉、带有不同基因的新对手时，所进行的一次深 度探究。运往首尔的，表面上是一辆车，实际上是一个信号，促使现代汽车乃至整个传统汽车工业，去严肃审视一个正在变化的市场格局。 01 从模仿到被研究：不对等的敬畏 汽车工业一百多年的历史长河中，模仿与学习的链条一直清晰而稳定：后来者模仿领先者，边缘市场学习中心市场。中国汽车工业在过去几十年里，几乎 将所有国 ...

划重点 Meta近期大力从OpenAI、谷歌和xAI等竞争对手处挖角，新的超级智能实验室正在逐步成形，该公司的高管团队新增了不少新面孔。 近日，外媒曝光了Meta超级智能实验室权力架构。据知情人士透露，首席执行官马克·扎克伯格特别为这个新团队开辟了专属空间。这个实验 室的安保措施可谓是"守卫森严"，工作人员必须通过双重安保检查，并持有特殊权限门禁卡才能进入实验室，这种严密的安防措施突显了该项 目的机密性质。 其中，最为引人注目的是两位新高管：前Scale AI首席执行官汪韬（Alexandr Wang）和前GitHub首席执行官奈特·弗里德曼（Nat Friedman）。汪韬已被任命为Meta首席人工智能官，弗里德曼则担任Meta副总裁，负责AI产品与应用研究。两人目前共同领导着一个大约 3400人的团队。 Meta超级智能实验室与高层变动：Meta通过挖角人才，成立超级智能实验室，汪韬和弗里德曼领导3400人团队，推动超级智能愿景。 Meta超级智能实验室安防严格，利用巨额资金和算力资源吸引顶尖人才。 Meta超级智能实验室现有3400名研究人员，其中约30人直接向首席AI官汪韬汇报工作。 Meta将AI业 ...