美西时间2025年9月27–28日，钛媒体集团携手NextFin.AI、全球亚裔领袖联盟（GALA）、盛大集团 （Shanda Group） 与 巴伦中国（Barron's China），在美国斯坦福大学成功举办了首届硅谷未来峰会 ——NEX-T Summit2025。 美国加利福尼亚州现任财政部长马世云（Fiona Ma）在致辞中向 NEX-T 峰会致贺，称赞大会汇聚全球 创新力量，赋能亚洲创新者、放大多元声音，并为产业与社群之间搭建沟通桥梁。 以下是马世云（Fiona Ma）在钛媒体硅谷未来峰会——NEX-T Summit 2025上的致辞实录，经编辑： 大家好！我非常荣幸能够向在斯坦福大学举办的 NEX-T Summit 2025 表示最诚挚的祝贺。 本次峰会汇聚了来自科技、金融、创投和学术界的全球领袖，共同交流思想、探索创新的未来。 作为致力于支持创业者与跨境合作的倡导者，我深深敬佩本次活动的愿景——赋能亚洲创新者，放大多 元声音，搭建产业与社群之间的桥梁。 我衷心祝愿 NEX-T 峰会 圆满成功，也期待看到在这里孕育的思想与合作，共同创造一个更加光明的未 来。 谢谢大家！ ...

Core Insights - The article highlights the rapid rise of AI applications in the education sector, driven by increased user engagement and downloads, particularly during the back-to-school season [1][2][3] Group 1: Market Trends - Education AI applications are experiencing significant growth, with some products seeing download increases close to 1000% [1] - Notable examples include "光速写作" with a 926.59% increase in downloads and "E听说中学" with a 162.37% increase in monthly active users [1] - The surge in AI education applications is attributed to heightened demand for homework assistance and problem-solving tools among students [1][2] Group 2: Key Players - Major players in the market include internet giants like ByteDance and Alibaba, educational companies like Yuanfudao and Xueersi, and emerging startups like Answer AI [2] - The competition is characterized by a mix of established educational firms and tech companies, each leveraging their unique strengths [11][18] Group 3: Performance Metrics - Download volume and monthly active users (MAU) are critical metrics for assessing the success of AI education applications [4] - In September, several apps surpassed 200 million MAU, with ByteDance's "Gauth" leading in growth [8][10] - The top educational AI apps by download volume include "小猿口算" and "Quizlet," both showing substantial month-over-month growth [6][7] Group 4: Business Models - Educational companies primarily adopt a membership model, charging around 30 yuan per month, while internet companies often provide free access to attract users [12][13] - The focus for educational firms is on monetization through premium features, while internet firms aim to build user engagement and data accumulation [12][13] Group 5: Challenges and Opportunities - Despite the growth, the industry faces challenges such as low user willingness to pay and the accuracy of AI solutions [21][23] - Marketing strategies heavily influence the success of educational AI applications, with many relying on social media for user acquisition [24]

（来源：钛媒体APP） 在全球经济面临挑战的背景下，垄断式发展的企业近年来成为众矢之的，遭到各国监管机构的围剿，科 技、互联网领域堪称重灾区。 据不完全统计，在2015至2025十年间，谷歌、苹果、亚马逊、高通、阿里巴巴、美团等大型企业，皆因 不同程度的垄断式经营（如滥用专利收费权、强制独家合作、滥用技术垄断等）被处以巨额罚款。其 中，芯片巨头高通更是创下了十年三次处罚的记录，且仍在不断试探底线。 近日，国家市场监督管理总局官网发布：因高通公司收购Autotalks公司未依法申报经营者集中，涉嫌违 反《中华人民共和国反垄断法》，市场监管总局依法对高通公司开展立案调查。对此，高通回应称：我 们正积极配合中国国家市场监督管理总局的有关调查，高通公司一直致力于支持我们的客户与合作伙伴 的发展与增长。 众所周知，高通为全球芯片霸主，尤其是在手机SoC（系统级芯片）领域占据绝对领先的地位，对其利 用市场主导优势的垄断经营行为可谓争议不断。十年间，高通因垄断行为的罚款金额超过140亿元。 2015年，高通曾因滥用市场支配地位实施排除、限制竞争的垄断行为，被中国发改委开出60.88亿元的 天价罚单。2016年，韩国公平贸易 ...

Group 1 - The core point of the news is the announcement of a three-year action plan by the National Development and Reform Commission to double the service capacity of electric vehicle charging facilities by 2027, aiming to establish 28 million charging facilities nationwide and provide over 300 million kilowatts of public charging capacity to meet the demand of over 80 million electric vehicles [2][3][4]. Group 2 - By the end of 2027, 40,000 "super-fast combined" charging guns with a capacity of over 60 kilowatts will be newly built or renovated in highway service areas to enhance the intercity charging network for electric vehicles [3]. - The plan includes integrating charging facility demands into the distribution network planning, focusing on urban core areas, highway service areas, transportation hubs, and old residential communities to optimize the distribution network structure [4]. - New residential areas are required to build charging facilities or reserve installation conditions for charging facilities in all fixed parking spaces, while existing residential areas will be supplemented with charging facilities based on local conditions [5]. Group 3 - The news highlights the positive outlook for China's automobile exports, particularly in the autonomous new energy vehicle sector, with significant growth in overseas markets [6][7]. - The export of plug-in hybrid and traditional hybrid vehicles is expected to increase, leading to a more pronounced impact of domestic brands on international brands [7].

Core Insights - The Middle East is embracing advanced technologies, particularly in the field of AI and flying cars, showcasing a unique enthusiasm for futuristic innovations [2][4][5] - Chinese companies are actively exploring opportunities in the Middle East, with significant participation in events like GITEX GLOBAL 2025 [3][6][7] Group 1: AI and Technological Developments - The UAE is launching the "Stargate UAE" project, a next-generation AI infrastructure cluster in Abu Dhabi, supported by major tech companies like OpenAI and NVIDIA, with the first AI cluster expected to go live in 2026 [4] - The UAE's "National AI Strategy 2031" outlines four pillars for success: political leadership, AI education, world-class infrastructure, and global cooperation [4][5] - AI is being integrated into various sectors in the UAE, including urban management and healthcare, demonstrating a top-down approach to technology adoption [5] Group 2: Market Opportunities for Chinese Companies - Companies like Xpeng and Kuaishou are making significant inroads into the Middle East market, with Xpeng showcasing flying cars and Kuaishou's AI products gaining traction [3][6] - The AI market in the Middle East is projected to grow rapidly, with a compound annual growth rate of approximately 29% from 2025 to 2030 [7] - Chinese firms are adopting differentiated strategies to penetrate the market, with some focusing on vertical sectors while others target broader infrastructure projects [6][7] Group 3: Local Partnerships and Long-term Strategies - Successful market entry in the Middle East requires local partnerships and a deep understanding of regional dynamics, as highlighted by various companies' strategies [12][13] - The presence of over 6,000 Chinese companies in the UAE indicates a growing trend of investment across various sectors, including energy, technology, and e-commerce [13] - Companies are encouraged to respect local regulations and cultural differences while committing to long-term investments in the region [13]

Core Viewpoint - Zongshen Power's subsidiary, Zongshen Aviation, has terminated its IPO process due to strategic development needs and changes in the capital market environment, marking the end of a five-year journey towards listing and triggering a share buyback obligation of nearly 600 million yuan for the parent company [2][12]. Company Summary - Zongshen Aviation, established in 2016, is primarily focused on lightweight piston aircraft engines for drones and general aviation aircraft, holding a 95.16% stake from Zongshen Power. The company has seen rapid growth in a small market, with about 30% of its revenue coming from overseas sales to over 30 countries [3][6]. - The market valuation of Zongshen Aviation was approximately 2.2 billion yuan, but its performance has been under pressure due to the nascent low-altitude economy market. In the first half of 2025, the company reported revenue of 70.34 million yuan, a year-on-year decline of 29.71%, and a net loss of 37 million yuan, a significant drop of 316.3% [6][12]. - The company has undergone five rounds of financing since 2020, attracting 22 industry capital investors, including state-backed funds. A buyback agreement requires Zongshen Aviation to list by June 30, 2025, or face buyback demands from investors at an annual interest rate of no less than 8% [6][10]. Industry Summary - The low-altitude economy sector is experiencing a significant downturn, with financing events dropping by 15.2% and total amounts decreasing by 8% in the first half of 2025 compared to the previous year. The focus has shifted to projects with verifiable technology and practical applications [12]. - The market demand in the low-altitude sector remains insufficient, with most applications still in exploratory stages, primarily in logistics, public services, and medical assistance. Many projects rely on government subsidies, indicating a lack of a sustainable business model [12]. - Major players in the industry are facing substantial losses, with Zongshen Aviation's peers also reporting significant financial difficulties. The overall low-altitude economy index showed that 20 listed companies collectively lost 8.487 billion yuan in the first half of 2025, reflecting a 18.2% year-on-year decline in net profits [12].

图 片来源：赛力斯官网 2019年，赛力斯还是一家年销不足千辆新能源车的边缘车企；2024年，它已成为市值超2000亿的行业黑 马。 这个奇迹般的逆袭，源于一次关键的"站队"——全面拥抱华为。 如今，这家被称为"最懂抱大腿"的车企已通过港交所主板上市聆讯，即将登陆港股。但就在这个关键时 刻，它的销量却突然"刹车"，股价开始波动，市场质疑声四起。 更棘手的是，曾经全力扶持它的华为，正在把同样的技术、同样的渠道、同样的赋能，复制给越来越多 的"后来者"。 从问界到智界、享界、尊界，华为的"造车朋友圈"正在急速扩张。赛力斯不得不面对一个残酷的现实： 在华为的棋局里，它正从"唯一"变成"之一"。 这场港股IPO，因此成为观察赛力斯未来命运的最佳窗口。它不仅要向投资者证明自己的独立生存能 力，更要在华为生态的"温室"与市场竞争的"荒野"之间，找到那个微妙的平衡点。 从"唯一"到"之一"，赛力斯的华为困局 2021年，当其他车企还在犹豫要不要把"灵魂"交给华为时，赛力斯选择了All in。这一把豪赌，让它尝 尽了甜头——华为的门店、华为的技术、华为的品牌背书，问界系列一夜爆红，销量直线飙升。 那时候的赛力斯，享受着华为的 ...

来 电脱设备成营收压舱石，客户壁垒筑牢增长底 资料显示，长江能科专注于能源化工专用设备的设计、研发、制造和服务。截至2024年，电脱设备业务 营收占比高达64.8%，是支撑公司业绩的"核心支柱"。 作为聚焦能源化工专用设备研发、制造的"专精特新"标杆，长江能科的核心竞争力首先扎根于细分领域 的绝对领跑。据江苏省石化装备行业协会权威统计，2021—2023年，长江能科电脱设备国内市占率连续 三年位居第一。 在能源化工装备行业"中低端同质化、高端被垄断"的格局下，长江能科以"高附加值+高技术含量"实现 错位竞争。凭借多年研发积累与项目经验，其电脱设备不仅满足国内炼厂需求，更达到国际先进水平。 源：公司供图 全球供应链重构与"双碳"战略深化的叠加期，国家级专精特新"小巨人"正成为突破高端装备"卡脖子"的 核心力量。 作为国家级专精特新"小巨人"，长江能科深耕能源化工专用设备领域，不仅凭电脱设备实现"三年国产 市占率第一"的硬成绩，更以17项发明专利、国际领先技术破解行业痛点，有效打破国外技术垄断，推 动国产高端装备在国际市场的竞争力提升。 如今，长江能科借上市契机募资1.6亿元扩产研新，同时布局氢能、固碳赛道，既筑 ...

Core Viewpoint - Chengdu Road and Bridge is addressing the long-standing issue of overdue receivables from local government projects through a debt restructuring plan, which aims to recover a total of 177 million yuan in receivables and improve cash flow [2][3][4]. Group 1: Debt Restructuring Details - The debt restructuring is based on an old agreement from 2021 with the Jiang'an County government, which involved a buyback of surplus indicators at a price of 237,700 yuan per mu [3]. - The total buyback price for the surplus indicators is 226 million yuan, but only 49.6 million yuan has been received so far, leaving 177 million yuan overdue [3][6]. - The new agreement includes a phased payment plan where the government will prioritize paying 140 million yuan by October 15, 2025, with the remaining amount to be paid by June 30, 2026 [3][4]. Group 2: Financial Impact - The company expects to generate a debt restructuring gain of 4.9 million yuan, which will increase the pre-tax profit by the same amount [5]. - The restructuring aims to accelerate cash recovery, reduce receivables risk, and improve cash flow, despite incurring some financing costs [4][6]. - As of the end of 2024, the company's receivables reached 1.261 billion yuan, accounting for 18.1% of total assets, with over half concentrated among the top five clients [6][7]. Group 3: Operational Challenges - The company reported a net loss for the first time in 2024, with a revenue decline of 30.53% year-on-year, attributed to delayed project payments leading to credit loss provisions [6][7]. - In the first half of 2025, the company continued to face losses, with a net profit loss of 22.64 million yuan and significant credit and asset impairment provisions [6][7]. - To address these challenges, the company has initiated various measures, including forming a special collection task force and exploring new business opportunities to enhance revenue and cash recovery [7].

而具体到大会的主题，商品力层面。永辉也延续了此前叶国富所提出的100个亿元级大单品的策略。永 辉超市还公布了五年发展规划，表示未来5年将打造500支自有品牌商品，全面构建起支撑品质零售的商 品生态。 笔者认为，永辉的调改，对于当下的零售业，具有很强的样本意义。不仅是因为调改对这家零售行业巨 头的影响由表及里，最终会波及从门店、商品、人力资源到后台供应链的方方面面，特别是其在调改过 程中，对于自有品牌体系的打造和对于门店评估系统的重塑，可能更具有现实的借鉴意义。 调改的标尺 关于调改本身，王守诚提到，随着调改进入纵深阶段，重要的是"神似而不是形似"。换句话说，这个定 调其实间接回应了外界一直在探讨甚至困惑的问题，即一家区域零售标杆的模式能否具备广泛的可复制 性。笔者认为可以这样理解，永辉调改的起点是胖东来，但是终点还是要回答永辉自己是谁的问题，而 不是做出一个大号的复制品"胖永辉"。 由于王守诚自己亲历了到目前为止整个调改进程，因此他对其中的复杂与艰辛最有发言权。从一开始信 心满满，到中间曾经有过迷茫，再到现在清晰了战略方向与定力。调改之路也可以说一波三折，螺旋式 永辉CEO 王守诚 大约一个月前，永辉超市于9 ...