以下文章来源于盐财经 ，作者凌川儿 盐财经 . 洞察趋势，睿智人生。《南风窗》旗下专业财经媒体。 -------------------------------- 作者： 凌川儿 视觉：顾芗 来源：盐财经 近日，一起800亿美元天价的申索诉讼案，将远在赞比亚的数座红褐矿山，带回到了国内大众关注的目光中。 这是赞比亚历史上最大规模的环境保护诉讼之一。 9月15日，赞比亚谦比希矿区周边100余名居民仍正式向两家涉案中企——赞比亚谦比希湿法冶炼公司（Sino Metals Leach Zambia）和中色非洲 矿业有限公司（NFC Africa Mining）提起集体诉讼，这两家公司是中国有色矿业有限公司（以下简称"中国有色矿业"）的子公司。 这些居民要求中国有色矿业设立环境修复托管账户，并存入800亿美元的巨额资金，由赞比亚政府管理用于环境修复与全额赔偿，同时还额外要求2 亿美元作为紧急救助及健康/环境评估基金。 800亿美元是什么概念？ 首先， 赞比亚全年GDP约为260亿美元。也就是说，这个赔偿数相当于赞比亚整整3年的GDP。 赞比亚GDP 其次，全球矿业史上最高赔偿纪录也不过230亿美元（巴西萨马科矿坝溃坝 ...

Core Viewpoint - LeEco, once a victim of debt, has now taken on the role of a creditor, seeking compensation from Nanjing Zhongdian Panda Appliances, a state-owned enterprise, highlighting a dramatic reversal in its narrative [4][13]. Group 1: LeEco's Debt Collection - In 2019, LeEco entered a contract with Nanjing Zhongdian Panda Appliances for TV production, with a total cooperation amount of 450 million yuan [6]. - Quality issues arose in July 2020, with a failure rate of nearly 20% for certain TV models produced by Panda, leading to significant financial burdens for LeEco [7][8]. - After unsuccessful negotiations, LeEco took legal action, resulting in a court ruling that Panda must compensate LeEco 14.95 million yuan [11]. - Despite the ruling, Panda has employed various tactics to evade payment, including changing its company name shortly after the court decision [12]. Group 2: Financial Status of LeEco - As of June 30, 2025, LeEco's total liabilities reached 22.94 billion yuan, with an astonishing debt-to-asset ratio of 2661.44% [18]. - Since the financial crisis in 2017, LeEco has accumulated losses exceeding 36 billion yuan, with a net loss of 173 million yuan in the first half of 2025 [18]. - The company's net assets have deteriorated to -21.994 billion yuan, indicating a severe financial crisis [18]. Group 3: The Role of Jia Yueting - Jia Yueting, the founder of LeEco, has announced plans to establish a second creditor trust to allocate half of his potential future earnings for debt repayment [21]. - In 2019, Jia filed for personal bankruptcy in the U.S., with a total debt of approximately 3.6 billion USD, but has since been released from these debts under U.S. law [21]. - The success of Jia's repayment plan is contingent upon the performance of his new ventures, including Faraday Future (FF), which has faced significant operational challenges [22]. Group 4: Current Developments and Future Outlook - FF has reported dismal sales figures, delivering only 7 vehicles by mid-2025, raising concerns about its viability and Jia's ability to fulfill his debt obligations [22]. - The narrative surrounding LeEco and Jia Yueting reflects a complex interplay of debt, reputation, and the search for redemption in a challenging financial landscape [26].

2025年全国电商开店公开招募公告 为响应 "一带一路" 战略，助力提升居民收入，参照国家相应政策意见，现开展2025年 央企电商副业培训招募项目，助力中国电商走向世界让生意更好做。 男女均可，不限学历专业 只需要18岁及以上就能参与 项目说明:电商开店赚差价项目 -- 其实就是在平台提供的货源渠道内，选择有爆款潜力 的低价优质商品通过一键批量采集搬运到店铺上，适当调高价格进行售卖，有人下单就 对接厂家的货源渠道，货源厂家发货了，差价利润就直接赚到手了。 项目四大优势： （一）市场需求大：全球电商覆盖10亿以上用户，不需为发货及销量发愁； （二）不囤货，出单快，每天坐等订单； （三）货源商品低价优质，轻松赚差价； （四）门槛低：不限学历，零基础，有无经验亦可。时间自由，人人可做。 招募对象： 适合18岁及以上，希望增加收入发展副业的上班族、宝妈、退休人员，想利用空闲增 加收入，可兼职或全职。 开店培训收获： 副业转主业 ● 按照现在市场美金汇率计算，在我们平台销售一款商品对比国内销售同款商品多出额外的收 益利润，心动就赶快行动吧！ 唯唯唯唯唯一一一一一指指指指指定定定定定入入入入入口口口口口 长按识别下方二维 ...

以下文章来源于投资界 ，作者吴琼 投资界 . 清科创业旗下创业与投资资讯平台 作者： 吴琼 来源： 投资界 -------------------------------- 震惊创投圈的造假案迎来了结局。 查理·贾维斯（Charlie Javice），这位90后创始人即将沦为阶下囚。在此之前，她是常青藤名校 生、硅谷白富美，创办了明星公司Frank。2021年，她把公司以1.75亿美元（约12亿人民币）卖 给摩根大通，走上人生巅峰。 然而万万没想到，Javice宣称Frank拥有超420万用户，后来被发现实际不足30万人。这场造假导 致摩根大通投资损失，双方对簿公堂。本周一纸判决出炉—— 她因诈骗摩根大通被判七年监禁 ， 后续将提起上诉。 庭审中，Javice落泪承认错误："这是我一生都将后悔的决定 。 " 现实远比想象更为荒诞。这场本该通过尽调避免的闹剧，再次为创投圈敲响警钟。 01 摩根大通被骗12亿 90后女生入狱 这要从一个创业项目说起。 这成为打动摩根大通拿出高价的关键因素。买下Frank意味着他们将迅速打开Z时代用户市场，数百 万年轻用户都有希望转化成其终身银行和信用卡客户。 于是，摩根大通迅速推 ...

避开人从众、不做特种兵，人们的旅行习惯正在经历一场从"匆忙打卡"到"沉浸体验"的转变。随着人们愿意用更多时间去观察、去感受，甚至去享 受迷路的惊喜时刻，无数风景如画、烟火可亲的小城也就顺理成章地成为文旅潜力股。 在刚刚过去的国庆假期，抖音生活服务「发现宝藏小城-超出彩」深度挖掘20座小城城市本色，打造了不同色彩主题的出游路线；并携手「发现宝 藏小城-超出彩」代言人韩红、联动数十位达人探索文旅闪光点，上饶、榆林、商丘等城市热度飙升；同时结合当地特色、联动多个经典IP，落地好 吃好玩好逛的丰富线下活动，有效激发了假期消费市场的活力。 活动期间 #发现宝藏小城 话题持续升温，播放量突破79.4亿次，成为如火如荼的假期出行热潮中浓墨重彩的一笔。 为小城上色，出游热度全网飙升 很多小城，从不缺值得一游的自然景色、人文气象与踏实烟火，只是"酒香也怕巷子深"，这些宝藏小城，缺少的是与游客相遇的机会。本次「发现 宝藏小城-超出彩」综合运用短视频、海报、明星、达人等多种平台资源，生动诠释小城"性格底色"，将其转化为可感知、可传播的独特故事，在 短时间为它们吸引了大量游客的关注。 一支"小城大片"，将小城的多彩美景与调色盘色彩一 ...

以下文章来源于张湧说财经 ，作者Peter Zhang 前瞻的视角、通俗的语言、深刻的洞见、大众的立场 作者： Peter Zhang 来源： 张湧说财经 -------------------------------- 稀土对现代科技的重要性，可能要比大部分人想象的更大； 而中国对稀土产业链的控制力，也要比大部分人想象得更加强大。 张湧说财经 . 这就是为什么，稀土这个事，能引起如此广泛关注的核心逻辑链条。 01 稀土重要，主要是因为磁铁很重要。 稀土并不是制作磁铁的材料，而是可以改变磁铁性能的一种" 添加剂 "。 普通的磁铁存在遇热软化、容易消磁、磁力弱等问题，添加了稀土之后，这些弱点就能得到克服。 也就是我们常说的"稀土永磁"。 经过稀土加强之后的磁铁，才能应用到电动汽车、风能发电、手机、耳机等上面； 尤其是一些传感器离不开稀土，传感器是用于感知声、光、温度等信号的器件，在机器人领域不可 或缺； 制造芯片的光刻机也需要精密的磁力控制； 还有军事领域，比如航空发动机、火箭推进器、军用飞机、声纳装置…… 上面这些领域的共同点就是，都是高科技领域，并且都离不开稀土"加持"之后的磁铁。 一般的金属，比如金银铜， ...

Core Viewpoint - The article discusses the challenges faced by Wufangzhai, a century-old brand known for its zongzi, highlighting quality issues and performance fluctuations that have eroded consumer trust and market position [4][5]. Group 1: Quality Issues - Wufangzhai has faced repeated quality controversies, leading to a significant decline in consumer trust, which is critical for a food company [8][9]. - Recent complaints from consumers have included finding foreign objects in products, indicating serious lapses in quality control during production [10][15][17]. - The company has been criticized for its inadequate responses to these complaints, often providing generic apologies without addressing the root causes or offering concrete solutions [21][24]. Group 2: Performance and Strategic Challenges - Wufangzhai's stock performance has been volatile since its IPO in August 2022, with a significant drop in market value from a peak of approximately 49.79 billion to 34.26 billion [26][27]. - The company's revenue has fluctuated, with figures of 24.62 billion, 26.35 billion, and 22.51 billion from 2022 to 2024, reflecting inconsistent growth [28]. - The heavy reliance on zongzi sales has been detrimental, as this product line has shown a decline in revenue, contributing to overall performance issues [29][30]. - The company attempted to diversify its product offerings with the "glutinous +" strategy, but this has not yielded significant results, with most non-zongzi products experiencing declines [29][32]. - Wufangzhai has also sought to expand internationally, but overseas revenue remains minimal, accounting for only 0.7% of total revenue in 2024, and has decreased further in 2025 [35][36]. Group 3: Future Outlook - Despite the challenges, Wufangzhai is pursuing an H-share listing in Hong Kong to enhance its international presence and diversify its capital operations [37]. - The company needs to prioritize quality control and restructure its business strategy to regain consumer trust and stabilize its market position [38].

Core Viewpoint - The Nobel Prize in Economic Sciences was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their contributions to understanding innovation-driven economic growth [1][4]. Group 1: Joel Mokyr's Contributions - Mokyr received half of the 11 million Swedish Krona prize for his discovery of the prerequisites for sustained growth through technological advancement [4]. - His research focuses on why the Industrial Revolution occurred in 18th century Western Europe rather than elsewhere, proposing a new theoretical framework centered on knowledge as the core of economic growth [8]. - Mokyr distinguishes between two types of knowledge: "propositional knowledge" (knowledge about natural laws) and "procedural knowledge" (knowledge about how to do things), arguing that their interaction in modern Europe prepared fertile ground for technological application [8]. Group 2: Cultural and Political Insights - Mokyr's theory of "growth culture" explores the complex interactions between culture, ideas, and institutions leading to the Industrial Revolution, emphasizing the importance of a competitive "market of ideas" in Europe compared to a more controlled intellectual environment in China [9][11]. - He argues that the fragmented political landscape in Europe fostered competition among thinkers, which was crucial for continuous innovation, contrasting it with the more centralized control in China that limited knowledge innovation [11]. - Mokyr highlights that the cultural shift in 18th century Europe towards valuing scientific knowledge and its application was essential for the conditions that led to the Industrial Revolution [11]. Group 3: Contemporary Relevance - Mokyr's research provides a framework for understanding current technological transformations, emphasizing that breakthroughs in fields like artificial intelligence and biotechnology stem from long-term knowledge accumulation and advancements in basic sciences [12]. - The key to a society's long-term prosperity lies in its ability to stimulate, absorb, and adapt to technological innovations, necessitating an ecosystem that encourages exploration and supports basic scientific research [12]. - Mokyr warns against a Eurocentric view of history, advocating for an understanding of diverse developmental paths and the importance of nurturing a cultural environment conducive to innovation [13].

Core Viewpoint - The transition of leadership at Fuyao Glass, with founder Cao Dewang stepping down and his son Cao Hui taking over, marks a significant moment for the company, which has shown strong financial performance and global expansion in the automotive glass market [5][13][15]. Group 1: Leadership Transition - On October 16, 2023, Fuyao Glass announced that founder Cao Dewang resigned as chairman, passing the leadership to his son, Cao Hui, who has been groomed for this role since 1998 [5][7]. - Cao Hui has extensive experience within the company, having worked his way up from the workshop level and previously serving as vice chairman [7][12]. - The leadership change is expected to be smooth, with the company stating that it will not adversely affect normal operations [12]. Group 2: Financial Performance - Fuyao Glass reported a revenue increase to 11.85 billion yuan in the third quarter, with a net profit growth rate of 14% [15]. - The company's net profit has shown a consistent upward trend, increasing from 2.6 billion yuan in 2020 to an expected 7.5 billion yuan in 2024 [13]. - The stock price has risen over 90% since the beginning of 2025, with a market capitalization reaching 170 billion yuan [13]. Group 3: Global Expansion - Fuyao Glass has achieved a 34% global market share in automotive glass, serving high-profile clients such as Bentley, Mercedes-Benz, and BMW [15][31]. - In 2024, overseas revenue accounted for 44.72% of total revenue, with significant contributions from the U.S. subsidiary, which generated 6.312 billion yuan [20][21]. - The company has established a presence in 12 countries, overcoming challenges such as language barriers and cultural differences in international markets [28][30]. Group 4: Philanthropy and Social Responsibility - Cao Dewang has emphasized the importance of giving back to society, recently donating 8 billion yuan and establishing a high school through his charity foundation [35][38]. - The newly founded Fuyao University aims to provide affordable education while ensuring job security for its graduates [40][44]. - The company plans to distribute 2.349 billion yuan in interim dividends in 2025, reflecting its commitment to shareholder trust and social responsibility [46].

Core Insights - The article discusses the profound restructuring of the global innovation landscape amid rising anti-globalization sentiments and technological blockades, particularly highlighting the paradoxical effects of the "fortress economy" policies implemented by the Trump administration [1][5]. - It emphasizes the emergence of a "talent circulation" model, as proposed by Anna Lee Saxenian, where entrepreneurs traverse between Silicon Valley and their home countries, creating new pathways for technological collaboration despite political barriers [1][2]. Group 1: Global Innovation Dynamics - The U.S. policies aimed at maintaining technological hegemony, such as imposing 100% tariffs on Chinese goods and strict export controls on key semiconductor technologies, have inadvertently increased domestic inflation and technology costs while accelerating the diversification of global technology chains [1][5]. - The anticipated revenue loss of $600 million for U.S. chip equipment giant Applied Materials by 2026 due to the loss of the Chinese market exemplifies the self-defeating nature of these technological blockades [1]. Group 2: Talent Circulation and Innovation - The rise of the "Hangzhou Six Dragons," particularly the innovations from DeepSeek, illustrates the contemporary manifestation of the "talent circulation" model, where entrepreneurs leverage Silicon Valley's expertise to create resilient innovation networks amid anti-globalization trends [2][5]. - The article posits that the true scarcity lies not in resources but in the ability to convert those resources into value, which is fundamentally driven by a global talent network [2]. Group 3: Regional Development and Challenges - The book outlines the conditions for regional success, including investments in basic education, support from ethnic networks, and the integration of policy with entrepreneurial culture, explaining why certain regions like Hangzhou can foster successful business clusters [10]. - The tightening of U.S. visa policies and reduced R&D investments are diminishing its attractiveness for talent, while China is enhancing its appeal through policies like the K visa, promoting a "talent circulation" model [10]. Group 4: Future of Silicon Valley and Global Innovation - The article predicts that Silicon Valley will transition from a "dominant technology center" to a "global network node," adapting through the AI revolution while maintaining its core advantages in defining new system architectures and fostering collaborative sparks [13]. - The rise of companies like DeepSeek indicates that markets outside the U.S., such as those in China and India, are becoming innovation hotspots, contributing to the global diversification of technology [13]. Group 5: Conclusion on Innovation and Protectionism - The article concludes that the limitations of technological nationalism highlight that innovation is inherently networked and driven by talent mobility, suggesting that protectionism may accelerate the formation of a multi-centered global economy [15].