以下文章来源于运营研究社 ，作者运营社编辑部 运营研究社 . 90万人都在关注的运营内容服务平台，深度挖掘优秀案例，解读最新行业动态。 作者：张帆 来源：运营研究社 "低价奶茶真的要喝不过来了！"3.9 元的库迪、5 元两杯的一点点和不到 5 元的霸王茶姬…… 谁也没想到，2025 年京东会因为外卖生意与美团打起来，最后连淘宝也加入了这场"大战"，在 五一后的第一个工作日开始疯狂免费送奶茶了。 "大厂间打仗"，消费者和商家真的能薅到羊毛吗？为何外卖生意明明不赚钱，但"大厂们"却愿意 砸钱抢市场呢？他们意欲何为 ？ 01 日订单超 1000 万，京东外卖要成了？ 1000 万单，这是京东外卖 4 月 22 日一天完成的订单量。 上一次数据公布是 4 月 15 日，京东宣布外卖业务日订单破 500 万。更早之前的 3 月 24 日， 当时京东外卖上线不到一个月，日订单突破 100 万单。 前后仅不到一个月，京东外卖日订单量翻了 10 倍，一举创下行业增速 纪录 。 这一成绩意味着什么？ 作为对比，饿了么成立于 2008 年，日订单量破 500 万发生在 2016 年，用了八年时间。 另一个维度，有数据显示，今年 ...

Core Viewpoint - The article discusses the impact of the Trump administration's tariffs on the U.S. economy, highlighting both the revenue generated from tariffs and the potential negative effects on consumers and businesses [2][3][6]. Group 1: Tariff Revenue and Economic Impact - The Trump administration imposed severe tariffs, including a 145% tariff on many Chinese products and 25% on imports from Canada and Mexico, generating over $700 billion in revenue since January 1 [2][3]. - The Congressional Budget Office estimates that tariff revenue will reach $872 billion over the next decade, accounting for about 1% of federal revenue during that period [3]. - Tariff revenue has significantly increased during Trump's first term, with an average annual collection of $79 billion since 2018, compared to $37 billion annually from 2013 to 2017 [3]. Group 2: Economic Confidence and Market Reactions - Recent positive indicators, such as rising stock prices and favorable employment reports, have boosted confidence in the U.S. economy, with the S&P 500 index experiencing a nine-day consecutive rise, the longest since 2004 [4][5]. - Despite acknowledging the possibility of an economic downturn, Trump remains optimistic about his policies leading to historical prosperity [5]. - Treasury Secretary Mnuchin emphasized the long-term growth potential of the U.S. economy, advocating for investment in the U.S. and defending the administration's economic agenda [5]. Group 3: Consumer Impact and Income Disparities - A report indicates that the impact of tariffs disproportionately affects low-income households, with those earning $28,600 or less facing an additional cost equivalent to 6.2% of their income, compared to 1.7% for households earning over $914,900 [6]. - Trump claims that tariffs will help reduce income taxes for Americans earning less than $200,000, suggesting that many could see significant tax reductions [6]. Group 4: GDP Performance and Future Projections - The U.S. GDP contracted by 0.3% in the first quarter, indicating the uncertainty caused by tariff policies and raising concerns about a potential economic slowdown [7]. - Mnuchin projected that the administration's policies could drive GDP growth close to 3% by the same time next year [7][9]. Group 5: Fiscal Policy and Debt Reduction - Mnuchin stated that a smart deficit reduction plan could decrease the U.S. fiscal deficit by approximately $300 billion annually, which could help stabilize GDP growth [9]. - He also mentioned that reducing the deficit could eliminate credit risks associated with U.S. debt, potentially lowering interest rates and reinforcing the U.S. as a preferred destination for international capital [9].

Core Viewpoint - The price of crayfish has experienced a dramatic decline, with wholesale prices dropping significantly from their initial levels, despite a surge in demand for crayfish products [2][4][6]. Group 1: Price Decline - The wholesale price of crayfish has fallen from approximately 30 yuan per jin to around 13 yuan per jin, with medium-sized crayfish dropping from 40 yuan to about 17 yuan, and large crayfish from 58 yuan to around 32 yuan [2]. - In Hubei's Qianjiang, the price of small crayfish has plummeted to around 10 yuan, while medium-sized crayfish are priced between 12-14 yuan [4]. - Despite the price drop, the demand for fresh crayfish has surged, with sales increasing by 606% on e-commerce platforms [6]. Group 2: Industry Overview - The crayfish industry has seen a decline in the number of registered companies, with a 5.2% decrease year-on-year, totaling 1,442 registered companies as of September 2024 [6]. - The total number of crayfish-related enterprises has decreased by 3.2% year-on-year, with 17,900 companies currently in operation [6]. - The crayfish industry has not produced a dominant player despite its large market size, primarily due to low entry barriers leading to intense competition [6]. Group 3: Supply and Demand Imbalance - The crayfish farming area reached 28 million mu in 2022, with production hitting 289.07 million tons, a 9.76% increase from 2021 [19]. - By 2023, the farming area surpassed 29 million mu, with annual production reaching 3 million tons [19]. - The oversupply during peak seasons has led to downward pressure on prices, despite high consumer prices in first-tier cities [19][21]. Group 4: Challenges in Standardization - The crayfish industry lacks high levels of organization and standardization, with varying farming methods leading to inconsistent quality [23]. - The high loss rate during transportation and storage, estimated at 20%-30%, further complicates the industry's operational challenges [25]. - Fixed costs such as rent and labor remain high, putting significant pressure on crayfish restaurant operators [25]. Group 5: Competition from Pre-prepared Foods - The emergence of pre-prepared crayfish products has intensified competition for traditional crayfish restaurants [28]. - Pre-prepared crayfish can be cooked and packaged near production sites, reducing costs and extending the product's shelf life [28]. - While traditional live crayfish restaurants still dominate the market, the trend towards pre-prepared options may reshape the industry landscape [29].

被多次报道的"野生虫草" 近日，一个叫赠伊的"虫草妹子"在全国火了！ 她的事迹被多次报道 一些原本就在吃 野生虫草 的中老年人说： 本来想着悄悄吃，感觉越来越好， 这么一报道， 都担心要涨价了！ 正巧现在正值一年一度的"虫草季"， 这可是虫草界的大事件， 每年仅有29天 ！ 如果你不想错过买野生虫草的 "黄金时间" "野生虫草"到底是何方神圣？ 普通人能不能吃得起？ 2025年1月，为了探寻 背后的真相 我们专程来到 珍峰收草基地 ，采访了重量级负责人——赠伊，发现了一系列 惊人的事实 。 在虫草之乡玉树杂多县， 赠伊是一个非常有名气的人。 大学毕业后凭借着互联网的东风， 跳过了层层的中间商， ▼ 01 一定要往下看看.. （资质证书已上传） 用源头价格，采摘好的虫草 *注：开山后虫草价格必然上浮， 预售期可享鲜草最低价， 且珍峰承诺保价整个鲜草季 赠伊，野生虫草行业的守护者 直接把 源头的野生虫草 搬到了客户的眼前。 25多年以来，当初同一批的人都走光了， 只有赠伊一直坚持着。 因而成了 杂多县原产地收发第一人 ， 更是远近闻名的虫草推广大使。 笔者： 冬虫夏草到底有什么好处？ 赠伊： 冬虫夏草，是一味难得 ...

Core Viewpoint - The article emphasizes the importance of cash management and strategic patience in investment, drawing lessons from Warren Buffett's recent shareholder meeting and his investment strategies during market fluctuations [10][12][27]. Group 1: Buffett's Key Insights - Cash is likened to oxygen, essential for survival in the investment landscape, with Berkshire Hathaway's cash reserves reaching a record high of $347.7 billion as of May 1, 2025 [12]. - The principle of never being fully invested is highlighted, as the Buffett Indicator shows a high market valuation at 180% of GDP, indicating potential market risks [15]. - Buffett advocates for waiting for significant investment opportunities, termed "elephant deals," rather than making smaller, less impactful investments [18][20]. - The impact of AI on labor-intensive industries is acknowledged, while Buffett continues to invest in companies with strong competitive advantages, such as Apple and Amazon [23][24]. Group 2: Historical Context of Cash Accumulation - Buffett's investment history is characterized by a strategy of accumulating cash during market downturns, such as his $5 billion investment in Goldman Sachs during the 2008 financial crisis [32]. - In 2023, Buffett began selling off major holdings, increasing cash reserves to $347.7 billion, effectively avoiding a 15% market drop in early 2025 [34][35]. - Key strategies include strict valuation discipline, utilizing low-cost capital, and ensuring a smooth transition for future leadership [37][39][40]. Group 3: Implications for the Real Estate Market - High leverage is identified as a significant risk, with Chinese household debt reaching 67%, leading to potential financial distress if property values decline [46][48]. - Cash is viewed as a critical asset for navigating market cycles, with a recommendation to invest in stable products rather than speculative real estate [49][50]. - The article advises against investing in low-quality assets, emphasizing the importance of liquidity over perceived value in the current real estate environment [51][53].

作者： 牲产队长 来源： 牲产队 真是形势反转了，奇瑞要竞购德国本土的大众工厂！ 以下文章来源于牲产队 ，作者牲产队长 牲产队 . 挣工分，磨洋工，舒服一会儿是一会儿 上一个提出，要收购这座大众工厂的，还是德国莱茵金属。也就是说，奇瑞要跟德国第一军工巨 头莱茵金属，一起竞购大众工厂了。 差别在于，奇瑞收购这座工厂，是想绕过欧洲关税，实现本地化生产，还是造燃油车。而莱茵金 属呢？是想借助大众工厂的产能，转型造坦克，装甲车。 说起来，奇瑞和莱茵金属还真是竞争对手，因为奇瑞也有军工业务。奇瑞旗下的芜湖造船厂，就 是一家百年军工企业。它主要制造鱼雷艇、扫雷艇以及辅助类军用舰船。 不过，随着中国海军走向远洋，芜湖造船厂的军用订单也越来越少了，更多的转向民船市场，远 销瑞典、丹麦、德国等传统造船强国。 那很多人就要问了，为什么收购大众工厂的会是奇瑞呢？在国内，奇瑞也不是第一梯队的车企。 2024 年，它的全年销量只有 260 万辆，而比亚迪卖了 427 万辆，上汽集团也卖了 401 万 辆。长安则卖了 268 万辆。对比起来，奇瑞只能算中国第四大车企。 可德国，不仅是欧洲汽车工业的制高点，还是全球汽车工业的超级制高点。怎 ...

Core Viewpoint - The article discusses the controversial sale of 43 ports by Li Ka-shing's company, Cheung Kong, to American firms, highlighting the political and regulatory challenges involved in the transaction, especially in the context of US-China relations [1][57]. Group 1: Transaction Details - The sale of the ports has been split into two asset packages: Package A includes two ports along the Panama Canal, while Package B consists of the remaining 41 ports [4][5]. - BlackRock's Global Infrastructure Partners (GIP) will acquire 51% of Package A, while the Italian Aponti family will hold 49% [4]. - Conversely, in Package B, GIP will hold 49% and the Aponti family will have 51% [5]. Group 2: Regulatory and Political Context - The State Administration for Market Regulation has warned that any attempts to circumvent regulatory scrutiny will result in legal consequences [2][3]. - The article emphasizes that the political climate has changed significantly since the initial proposal, particularly with the escalation of the US-China trade war [11][12]. - The US has introduced hefty tariffs on Chinese-manufactured ships, which could impact the operations of the ports involved in the sale [12][14]. Group 3: Historical Context and Li Ka-shing's Strategy - Li Ka-shing has a history of strategic partnerships with the Aponti family, dating back to 2003 when they jointly acquired a UK port [6][7]. - The article outlines Li Ka-shing's business strategy of acquiring land at low prices and delaying development to maximize profits, citing examples from various projects in mainland China [28][29][38]. - The article also highlights the regulatory challenges Li Ka-shing has faced in the past, including accusations of land hoarding and the subsequent penalties [45][54]. Group 4: Implications for US-China Relations - The sale of the ports is framed as a significant issue in the broader context of US-China relations, with the potential for it to be used as leverage in negotiations [61][63]. - The article argues that allowing the sale to proceed without conditions could be perceived as a concession in the ongoing trade conflict, which may have negative repercussions for future negotiations [62][63].

以下文章来源于雷达Finance ，作者X编辑 雷达Finance . 遨游广袤的财富世界。 作者： 孟帅 来源： 雷达财经 在最新发布的《胡润全球富豪榜》中，阮洪良家族以235亿元身家再度夺得浙江嘉兴首富的桂 冠，但与上一年相比，其家族的财富缩水75亿元。若与2022年登榜时相比，他们的身家更是锐 减335亿元。 回顾过去，深耕玻璃行业39年的阮洪良，从嘉兴玻璃厂供销员起步，后于1998年创立福莱特前 身。凭借敏锐的市场洞察力，阮洪良于2006年带领企业进军光伏玻璃领域。如今，福莱特已成长 为全球光伏玻璃龙头，并完成"A+H"的双资本市场布局。 不过，阮洪良家族此番财富缩水，背后则是福莱特业绩承压的困境。去年，公司打破了营收持续 增长的不败神话，归母净利润锐减 63.52%，毛利率更是从2020年的46.54%降至15.5%。 对此，福莱特坦言，光伏玻璃价格持续走低、行业供需失衡及产能结构调整，是导致业绩承压的 主因。 01 嘉兴首富阮洪良，遭遇财富"滑铁卢" 胡润研究院每年发 布的《胡润全球富豪榜》，历来是财富领域的"晴雨表"。有人因财富飙升尽享 身家暴涨的荣耀，也有人因身家大幅缩水而黯然神伤。 雷达财经 ...

Core Viewpoint - The article discusses the impact of high tariffs on Chinese imports to the U.S., leading to significant changes in supply chain strategies and business operations for companies involved in international trade [1][2][3]. Group 1: Tariff Impact on Businesses - The imposition of a 125% tariff on Chinese goods has led to a drastic reduction in warehouse activity, with many importers either clearing out inventory or shifting supply chains to Mexico and Southeast Asia [2][3]. - Companies like Lin Zhenqiang's toy factory have seen a 30% drop in orders, forcing them to give workers extended breaks and reconsider their production strategies [2][3]. - The uncertainty surrounding tariffs has made it difficult for businesses to plan, with some companies facing significant financial losses due to canceled orders and increased logistics costs [3][4]. Group 2: Supply Chain Adjustments - Businesses are exploring alternative manufacturing locations, such as Vietnam and Mexico, but face challenges including rising tariffs and logistical risks [3][10]. - The introduction of a new origin verification system by U.S. Customs complicates the ability to label products as "Made in Vietnam," as it requires proof of material sourcing [9][10]. - Companies are considering unconventional strategies, such as splitting products into components to reduce tariff burdens, but this adds complexity and risk to logistics [20][21]. Group 3: Market Dynamics and Consumer Behavior - Despite the challenges, there is still demand in the U.S. market, with consumers beginning to stock up on goods in anticipation of further price increases due to tariffs [16][23]. - The exchange rate between the U.S. dollar and the Chinese yuan has also played a role in profitability, with fluctuations impacting revenue from sales [17]. - Companies are adapting to the changing landscape by finding new customers and exploring different sales channels, even as they face rising operational costs [23][24].