Group 1 - The CENTRESTAGE (Hong Kong International Fashion Showcase) will take place from September 3 to 6, 2025, at the Hong Kong Convention and Exhibition Centre [1] - The brand Demi*D, led by Demi, targets independent women aged 30 to 55, focusing on custom-made fashion that showcases the strength of independent women [1] - Demi*D operates in the mid-range market and collaborates with buyers' shops in mainland China, offering customized services based on customer needs while adhering to environmental concepts [1]

Core Viewpoint - MiHoYo has achieved significant results in its "crackdown on game leaks" initiative, taking legal action against individuals leaking unpublished content from its games, including "Genshin Impact" and "Honkai: Star Rail" [1][3]. Group 1: Legal Actions and Measures - MiHoYo has employed a combination of criminal, administrative, and civil measures to combat leakages, ensuring a better gaming experience for players [1]. - The company reported that over 260 leakers have been held accountable for their actions, with several cases recognized as typical by the Supreme People's Court and other regulatory bodies, serving as a deterrent against illegal activities [3]. Group 2: Specific Cases of Leakage - In May, MiHoYo discovered that a content creator was disseminating unpublished game content, leading to the arrest of a suspect who admitted to profiting from the leaks [1]. - Another case involved individuals using illegal methods to obtain and share unpublished game versions, prompting MiHoYo to file a lawsuit and secure a court injunction against the infringers [2][3].

Core Viewpoint - WeChat and QQ have recently launched a feature that allows users to bind their Steam accounts, enabling them to display and check their Steam gaming data, including the number of games, total playtime, and playtime for individual games [1] Group 1 - The binding feature is accessible through specific paths in both WeChat and QQ applications, with WeChat's path being "Discover Page - Games - Top Right Icon" and QQ's path being "Dynamic - Game Center - My - Bind Steam Account" [1] - Users are advised to optimize their network or use acceleration services if they encounter loading issues during the binding process [1]

9月3日，亚洲时装界盛事 CENTRESTAGE（香港国际时尚汇展），将于2025年9月3日至6日在香港会议 展览中心举行。 责任编辑：王翔 专题：2025香港国际时尚汇展（CENTRESTAGE） 香港高定帽饰品牌Imellda Ho Millinery向《贵圈》栏目表示，"我们家主要提供高定帽饰定制服务，每一 件都是亲手制作，内地目前没有店面，但在深圳等地都有客人，我会提前了解她要去的活动和搭配服 装，然后提供定制帽子给到客人，通常赛马活动会比较多需求。"（闫妍） ...

Core Insights - Alibaba's AliExpress is preparing a high-profile brand overseas expansion project, inviting top global and domestic brands, with an expected launch before the Double 11 shopping festival [1][3] - The project aims to establish a new brand section on the app, providing traffic support and local operational assistance for selected brands [3] Brand Collaboration Plans - Brands like Xiaomi and Pop Mart have been included in the "Super Brand Program" and are marked for deep collaboration [2] - The growth targets set for this collaboration are described as "very aggressive" [3] Market Context - The initiative is seen as a response to the potential of brand overseas expansion, particularly in light of the upcoming 2025 Double 11 and Black Friday events [3] - AliExpress aims to differentiate itself from competitors in the cross-border e-commerce sector, which has been characterized by low-price competition [3]

Group 1 - NIO reported Q2 2025 revenue of 19 billion yuan, a year-on-year increase of 9%, with a net loss of 4.99 billion yuan, narrowing by 1% compared to the previous year [2] - NIO delivered 72,000 vehicles in Q2 2025, representing a year-on-year growth of 25.6% [2] - CEO Li Bin stated that the company's vehicle gross margin remains stable and that cost optimization has shown significant results [2] Group 2 - Morgan Stanley predicts the pricing for the iPhone 17 series, with the base model starting at $799, and the iPhone 17 Pro Max priced at $1,199 [2] - The iPhone 17 Air is expected to see a price increase of up to $50 compared to the iPhone 16 Plus, while the iPhone 17 Pro may increase by $100 [2] Group 3 - Yushu Technology plans to submit its IPO application between October and December 2025, aiming to disclose relevant operational data [3] Group 4 - TF International Securities analyst Ming-Chi Kuo revealed that Apple plans to launch a lighter and cheaper Vision Air headset in 2027, which is expected to weigh over 40% less than the Vision Pro [4][5] - The starting price for the Vision Air is anticipated to be around $1,500 [5] Group 5 - Tesla's Shanghai Gigafactory achieved a record monthly delivery of 83,192 vehicles in August 2025, marking the highest delivery volume of the year [5] - Tesla also commenced nationwide deliveries of two new models: the Model Y L and the long-range Model 3 rear-wheel drive version [5] Group 6 - Trip.com announced that as of September 1, 2025, employees can work from home without needing approval from direct supervisors, aiming to enhance work-life balance [5] - Since the introduction of the hybrid work policy in 2022, 70% of employees have participated, with approximately 640,000 instances of remote work recorded [5] Group 7 - A self-media account was ordered to pay BYD 2.0187 million yuan for publishing false and defamatory information, with the court ruling upheld in the second instance [5] Group 8 - Tencent responded to a lawsuit from miHoYo, stating that it cannot provide user data without following legal procedures due to privacy laws [6] Group 9 - In the current recruitment season, AI-related positions are in high demand, with over 60% of Alibaba's autumn recruitment roles related to AI [8] - The average lower limit salary for AI positions has reached 47,000 yuan per month, a 14.16% increase from early 2024 [8] - The average upper limit salary for AI roles is 78,000 yuan per month, reflecting an 8.98% year-on-year increase [8]

Core Viewpoint - Nestlé Group unexpectedly fired CEO Laurent Freixe after just one year in office due to a violation of company conduct rules involving a romantic relationship with a subordinate, which has raised concerns about the company's ongoing restructuring plans and stock performance [2][5][6]. Group 1: CEO Background and Tenure - Laurent Freixe, who had been with Nestlé for 39 years, was appointed CEO in September 2022, receiving widespread recognition at the time [2][3]. - Freixe's career trajectory was seen as exemplary, having risen from sales to management, and he was responsible for strategic adjustments focusing on core businesses like coffee and food, rather than expansion through acquisitions [4]. Group 2: Reasons for Dismissal - The Nestlé board's decision to terminate Freixe was based on an independent investigation that confirmed his inappropriate relationship with a direct subordinate, which violated the company's code of conduct [5][6]. - The board emphasized that maintaining the company's values and governance is crucial, leading to the necessary decision to dismiss Freixe [6]. Group 3: Implications of Dismissal - The sudden leadership change is expected to create further uncertainty in Nestlé's already tumultuous business restructuring efforts, potentially negatively impacting the company's stock price [5]. - Historical examples show that abrupt CEO changes often disrupt business strategies and can lead to negative consequences for the company, as seen in the case of HP's former CEO Mark Hurd [19][21].

Core Viewpoint - The sudden dismissal of Nestlé's CEO Laurent Freixe after just one year in office highlights the risks associated with personal relationships in the workplace, particularly when they violate company conduct codes [3][5][6]. Group 1: Company Leadership Changes - Nestlé announced the termination of CEO Laurent Freixe, appointing Philipp Navratil as interim CEO, effective immediately [3]. - Freixe's tenure lasted only one year, during which he was initially recognized as a suitable leader due to his extensive experience at Nestlé [3][4]. - The company had previously undergone a management restructuring under Freixe, focusing on core businesses rather than expansion through acquisitions [4]. Group 2: Reasons for Dismissal - The board's decision to dismiss Freixe was based on an independent investigation revealing a romantic relationship with a direct subordinate, which violated Nestlé's conduct guidelines [5][6]. - The board emphasized the necessity of this decision to uphold the company's values and governance standards [6][21]. Group 3: Broader Implications - The incident reflects a broader trend in corporate governance where personal relationships between executives and subordinates can lead to significant consequences, including job loss [10][12]. - Many high-profile executives have faced similar fates due to inappropriate relationships, underscoring the importance of maintaining professional boundaries in the workplace [12][18]. - The dismissal of Freixe may introduce further uncertainty into Nestlé's ongoing business restructuring efforts, potentially impacting the company's stock performance [5][18].

Group 1 - Apple continues to experience talent loss in the artificial intelligence sector, with key personnel leaving for competitors like Meta and OpenAI [1][2][3] - Jian Zhang, the head of Apple's robotics research, has joined Meta's Robotics Studio, while three other researchers from Apple's large language model team have also departed [1][2] - The recent departures are part of a larger trend, with approximately 10 members of the foundational model team having left Apple recently, including its leader [1][2] Group 2 - Apple's robotics research team, which focuses on automation and AI applications, is crucial for the company's future product plans, including a desktop device with a movable screen and robotic arms for retail and manufacturing [2] - Meta is advancing its robotics research through its Reality Labs division, investing in smart glasses, AI functionalities, and humanoid robot operating systems and hardware [2] - The ongoing exodus of talent from Apple's AI team is expected to continue, with more employees seeking opportunities elsewhere [2]

Core Insights - Alibaba's AliExpress is preparing a high-profile brand overseas expansion project, inviting Fortune 500 and leading domestic and international brands to participate, with an expected launch before Double Eleven [1] - A leaked screenshot indicates that brands like Xiaomi and Pop Mart are included in the "Super Brand Plan" and marked for "deep cooperation" [1] - The growth targets set for this collaboration are described as "very aggressive," with plans to establish a new brand section on the app to provide traffic support and local operational assistance for selected brands [1] Industry Context - The cross-border e-commerce sector has faced intense price competition over the past three years, prompting AliExpress to take the lead in brand overseas expansion among the "four dragons" of cross-border e-commerce [1] - Several brands have already achieved significant breakthroughs in Gross Merchandise Volume (GMV) [1] - The internal validation of the "Brand Overseas Plan" suggests that the responsible team has likely secured more resources to promote this business upgrade, focusing on collaboration with major brands [1]