以下文章来源于正商参阅 ，作者枫叶 正商参阅 . 原《政商参阅》，做价值的传播者！连续两届获评胡润年度影响力财经自媒体、21世纪经济报道年度传 播力财经自媒体、新浪财经、经济观察报年度影响力财经自媒体、新榜年度社会关注新媒体荣誉奖等。 ---------------------------------- 作者：枫叶 来源：正商参阅（ID:zhengshangcanyue） 你，换充电宝了吗？ 最近， 一场爆炸风波，席卷了整个充电宝行业，让公共安全问题再次引起重视！ 先是北京多所高校"因更易爆炸"呼吁禁用罗马仕某款充电宝，紧接着罗马仕、安克创新共召回超 230 万台充电宝，然后民航局新规禁止携带无 3C 标识和被召回的充电宝，成筐的充电宝被拦 ...... 短短一周时间，曾被视为必需品的充电宝，竟然成了众矢之的。 充电宝如此大批量的爆雷，矛头直指上游电芯材料品质问题，品牌商称可能是部分批次电芯存在 未经批准的原材料变更，可能引发过热甚至燃烧隐患。 使用未经批准变更原材料？这可是行业大忌，更是监管明令禁止的存在！ 尽管还在调查中，但 这家中美合资的头部电芯供货商安普瑞斯"难辞其咎"，旗下多个相关电池及 电芯产品 ...

以下文章来源于拾遗地 ，作者十一弟 拾遗地 . 我们是一家专注房地产业与财经领域的自媒体。 ---------------------------------- 作者：十一弟 来源：拾遗地 几天前，香港郑裕彤家族旗下的地产商—— 新世界发展，债务问题岌岌可危，几乎站到了违约边 缘。 今年六月份，它原本需要支付名下4笔永续债的7700万美元利息，却选择了延期。 这4笔永续债的最初发行规模34亿美元，按年支付两次利息。 到去年，新世界发展身上背负了1465亿港元有息债务，还有354港元永续债。 结果，它连6亿港元的利息都付不出来，可见其自身现金流是多么脆弱了。 根据协议条款，延期支付利息，不会构成永续债违约，但会递延到本金里面，重复计算利息，相 当于利滚利。 新世界发展递延支付利息，让投资者感到震惊。 这导致其在二级市场上股债双杀， 不少投资者选择了跑路，用脚投票 。 现在，它的市值只剩下143亿港元，相比历史最高时的千亿市值，已经跌落谷底。 新世界发展当前面临的最大危机，是身上背负的庞大债务，以及手里捉襟见肘的现金流。 最近，它从几十家银行拿到了一大笔救命钱—— 新世界发展完成了882亿港元的再融资，得到一丝喘 ...

Core Viewpoint - The collaboration between Douyin Life Services and the Qingdao Municipal Bureau of Commerce has successfully transformed urban cultural symbols into consumer momentum through a combination of government support, merchant cooperation, content marketing, and consumption vouchers, achieving both "traffic monetization" and "traffic retention" goals [1][2][18]. Group 1: Event Overview - The "Romantic Qingdao" initiative is a long-term city marketing IP developed by Douyin Life Services, leveraging Qingdao's unique cultural and scenic resources to redefine the city's romantic appeal [2][17]. - The campaign has led to an 18% increase in city search popularity and a 25% rise in merchant transactions during the promotion period from April 25 to June 30 [2][4]. Group 2: Marketing Strategies - Douyin Life Services utilized a four-dimensional approach combining government endorsement, merchant collaboration, consumption vouchers, and content marketing to enhance local merchants' brand image and sales performance [9][15]. - The "Graduation Song Festival" live stream achieved 1.25 billion exposures, contributing to a 15% increase in search popularity for Qingdao [4][7]. Group 3: Merchant Performance - The Qingdao Beer Museum and other local businesses saw significant increases in customer traffic and sales, with the beer museum's promotional activities leading to a 264% increase in payment GMV and a 235% increase in redemption rates [10]. - The FCM Fried Chicken restaurant implemented a high-frequency live streaming strategy, resulting in a 100% increase in live stream payment GMV in June [11]. - The Qingdao Mangrove Resort World achieved a 234.69% increase in payment GMV by effectively utilizing promotional periods and integrating platform resources [12]. Group 4: Economic Impact - The success of the "Romantic Qingdao" campaign validates the effectiveness of the model combining government policy guidance, platform traffic matching, merchant supply optimization, and user content dissemination, providing a replicable solution for sustainable urban economic growth [15][18].

Core Viewpoint - The article discusses the rise of the game "Emotional Anti-Fraud Simulator," which initially launched as "Lao Nu Game" and quickly became a sensation, sparking controversy and discussions about its themes and implications in society [2][3][4]. Group 1: Game Overview and Reception - The game, which involves themes of emotional fraud and revenge, has sold over 1 million copies on Steam, generating more than $4.3 million in revenue by June 30, 2025 [3]. - The initial controversy surrounding the game's title and content contributed to its popularity, leading to a rapid rebranding and significant media attention [2][3]. - The game is noted for its immersive storytelling and high production quality, with real-life events influencing its narrative, enhancing player engagement [11][14]. Group 2: Industry Trends and Market Potential - The success of "Emotional Anti-Fraud Simulator" reflects a growing trend in the interactive gaming industry, particularly in the realm of romance and emotional themes, with over 30 similar games launched in 2023 [20][21]. - The game demonstrates the potential of male consumer spending, as it recouped its development costs within five days, highlighting a shift in male consumer behavior towards self-focused spending [24][28]. - The rise of "He Economy" indicates a new growth point in consumer spending, with brands increasingly targeting male consumers through specialized products [29].

Core Viewpoint - The recent arrests of high-profile executives in major internet companies signal a significant escalation in anti-corruption efforts within the industry, moving from targeting lower-level employees to high-ranking officials [1][4][6]. Group 1: Recent High-Profile Arrests - Two prominent executives, Han Liu (former CEO of Ele.me) and Feng Jialu (Vice President of Vipshop), were arrested within three days, marking a shocking development in the internet sector [3][4]. - Han Liu, aged 37, had a distinguished career across major platforms like JD.com and Alibaba, while Feng Jialu was instrumental in shaping Vipshop's marketing strategies [4][5]. - The arrests suggest a shift in the anti-corruption stance of large companies, as historically, high-ranking officials were often shielded from public scrutiny [5][6]. Group 2: Historical Context of Anti-Corruption - Anti-corruption efforts in Chinese internet companies began around 2010, with Baidu being one of the first to establish a dedicated ethics department [9][10]. - A notable increase in the exposure of corruption cases occurred in 2019, with many companies proactively disclosing incidents involving key personnel [10][11]. - Recent years have seen a trend of high-level executives being prosecuted, indicating a growing willingness to confront corruption at all levels [11][12]. Group 3: Corruption Trends and Patterns - A report highlighted that from 2020 to 2024, the average amount involved in corruption cases among internet employees was approximately 1.26 million yuan, with a total of 127 cases reported [12]. - Corruption is not limited to high-ranking officials; lower-level employees also engage in significant corrupt practices, often due to the power dynamics within large organizations [12][13]. - The most common areas for corruption include procurement and marketing departments, where the potential for kickbacks is high [13][14]. Group 4: Measures to Combat Corruption - Companies are increasingly establishing internal monitoring mechanisms and encouraging whistleblowing to combat corruption [16][17]. - Legal frameworks are evolving to address corruption more effectively, with recent amendments to laws enhancing penalties for internal corruption [17][18]. - The industry is witnessing a cultural shift towards transparency and accountability, with companies like Tencent and JD.com taking proactive steps to prevent corruption [16][18].

以下文章来源于21世纪商业评论 ，作者李惠琳 21世纪商业评论 . 《21世纪商业评论》敏感于一切商业新知、商业产品、商业模式和商业英雄，敏感于新公司的新玩意、 老公司的新改造、旧话题的新表达、老商业的新颠覆，为您提供最新鲜实用的商业养分。 ---------------------------------- 作者：李惠琳 来源：21世纪商业评论 孙宏斌，终于公开露面了。 6月30日，这位融创中国董事会主席，携两位高管，现身公司股东周年会。 这是他时隔两年，首次亲临到场参会。 自融创出险后，孙本人已鲜少出现在公开场合 ，过去两 年的股东周年会，他都选择以线上接入方式参会。 一个半小时的会议，孙宏斌聊到融创的化债进展、未来发展方向，也表达对行业走势的乐观。他 声称，融创最困难的时候已经过去了。 一举清零 当下，孙宏斌正待境外债重组方案落地。 据悉，融创的境外债重组召集聆讯，定于9月15日召开，届时将让债权人进行投票批准计划，完 成相关法庭程序后，重组方案将正式生效。 融创的境外债总规模为95.5亿美元，约合人民币680亿元 。 就债务层面，他确已闯到了最后一关。 最新公告披露，融创的境外债未偿本金总额的75%持 ...

---------------------------------- 作者：邱鑫浩 来源：邱处机 阿里更加务实了。 而在这份新名单中， 最引人注目的名字，无疑是蒋凡 。 以下文章来源于邱处机 ，作者邱鑫浩 邱处机 . 专门研究商业牛人 6 月 26 日晚间，据阿里年报披露，阿里巴巴合伙人名单迎来史上最大规模"瘦身"—— 9 位合伙 人退出，仅剩 17 人，创下 2014 年上市以来的最低纪录。 这位 39 岁的少帅，不仅稳坐阿里电商事业群 CEO 之位，还首次进入阿里合伙人委员会，成为 该核心决策机构中最年轻的成员。 他的晋升，标志着阿里权力结构的一次重大调整——从"价值观优先"转向"业务能力至上"，而蒋 凡，正是这一转变的最佳代言人。 01 阿里合伙人"大瘦身"： 不在业务一线的，基本都退出了 阿里合伙人制度自 2010 年正式确立以来，一直都是公司的最高决策机构，目的是保障企业文化 和战略传承，同时实现创始团队对公司控制权的长期维护。 然而近年来，随着市场竞争加剧、增长压力加大，这套体系也在经历深刻的变革。 据阿里 2025 财年年报，合伙人名单已经从 26 人锐减至 17 人，退出的 9 人包括： 彭蕾 ...

Core Viewpoint - The article highlights the innovative marketing strategies of Guilin Sanjin and Sanjin Pian, particularly focusing on the "Urological Health Smooth Journey" campaign during the 12th anniversary of Urological Health Day on June 16, aiming to raise awareness about urinary health among a broader audience [1][15]. Group 1: Campaign Initiatives - Guilin Sanjin partnered with Didi Delivery to launch a public welfare initiative targeting drivers, addressing their unique health challenges related to prolonged sitting and inadequate hydration [3][4]. - A research report titled "Urological Health Smooth Journey - 2025 Care for Driver Groups" was published, based on surveys conducted with thousands of ride-hailing and freight drivers, to better understand their health habits and needs [6]. - A three-day themed truck parade took place from June 14-16 in key locations in Guangzhou, promoting awareness of urinary health through eye-catching slogans on custom trucks [8]. Group 2: Educational Efforts - The campaign included interactive activities such as care packages for drivers and engaging games to disseminate knowledge about urinary health [9]. - Experts in urology recorded educational videos using simple language to encourage good habits related to urinary health, alongside the release of a situational short film and an interactive H5 game to make learning more engaging [12]. Group 3: Brand Evolution - Since the inception of Urological Health Day in 2014, Guilin Sanjin has consistently evolved its marketing strategies, collaborating with various platforms to enhance public health awareness and adapt to market demands [15]. - The partnership with Didi Delivery represents a new approach to reach a specific occupational group, reinforcing the brand's commitment to improving public understanding of urinary health [15].

Core Viewpoint - The strategic investment by Zhong Shanshan, the founder of Nongfu Spring, in Jinbo Biological represents a significant shift in the competitive landscape of the medical beauty industry in China, aiming to leverage the growing market for recombinant collagen products and enhance market presence through collaboration with established brands [1][36][37]. Group 1: Investment Details - Jinbo Biological announced a strategic partnership with Yangshengtang, raising 2 billion yuan through a private placement, marking a record for cash capital increases on the Beijing Stock Exchange [3][4]. - The investment will be used for developing a humanized collagen FAST database and product development, with 1.15 billion yuan allocated for this purpose and 850 million yuan for working capital [3]. - Following the announcement, Jinbo Biological's stock price surged, closing at 355.96 yuan per share, with a market capitalization of 40.96 billion yuan [6]. Group 2: Company Backgrounds - Zhong Shanshan, aged 71, is a legendary entrepreneur who founded Nongfu Spring and Yangshengtang, creating a business empire valued over 400 billion yuan [11]. - Yang Xia, the 51-year-old founder of Jinbo Biological, transitioned from academia to entrepreneurship, focusing on synthetic collagen for medical applications after identifying challenges in organ preservation [12][13]. Group 3: Market Potential - The recombinant collagen product market in China is projected to grow at a compound annual growth rate of 44.93%, reaching 58.57 billion yuan by 2025 and exceeding 219.38 billion yuan by 2030 [25][26]. - Jinbo Biological's revenue is expected to reach 1.443 billion yuan in 2024, reflecting an 84.92% year-on-year increase, with a net profit of 732 million yuan, up 144.27% [18]. Group 4: Strategic Synergies - The partnership is expected to enhance Yangshengtang's product line with high-end collagen ingredients, while Jinbo Biological can leverage Yangshengtang's extensive retail network of over 300,000 outlets to penetrate the consumer market [29][36]. - The collaboration aims to transform Jinbo Biological from a technology leader to a market leader, with the anticipated launch of new products in the third quarter [31]. Group 5: Competitive Landscape - The medical beauty industry is highly competitive, with Jinbo Biological facing challenges from established players like Huaxi Biological and Aimeike, which are also expanding into recombinant collagen [34]. - Jinbo Biological's dynamic price-to-earnings ratio of over 50 requires sustained high growth to maintain investor confidence, especially as sales expenses are projected to rise significantly [34][35].

Core Viewpoint - The Chinese liquor industry, particularly the high-end segment, is experiencing significant challenges, with prices declining and consumer preferences shifting towards more affordable options [3][5][6]. Group 1: Price Trends and Market Dynamics - During the 2023 618 shopping festival, the prices of high-end liquors like Moutai and Wuliangye fell sharply due to aggressive discounts, with Moutai's price dropping to as low as 1840 yuan per bottle, a significant decrease compared to the previous year [3][9]. - The overall market for high-end liquor is under pressure, with many brands experiencing price declines and some products seeing price drops of over 1000 yuan within a year [10][11]. - The pricing structure of the liquor industry is changing, moving from a focus on market comparison and cost advantages to aggressive price competition, similar to trends seen in the electric vehicle sector [12]. Group 2: Industry Challenges - The liquor industry is facing a significant inventory crisis, with total inventory across 20 listed companies reaching 153.6 billion yuan, a 12.41% increase year-on-year, and many companies experiencing rising stock levels [18][19]. - The industry is grappling with overcapacity and stagnant consumption, with production capacity among the top six liquor companies increasing by 37% since 2020, while consumer demand has not kept pace [22]. - The shift in consumer demographics is notable, with younger generations consuming significantly less liquor than their predecessors, leading to a structural decline in demand [22][23]. Group 3: Future Outlook - The liquor industry is expected to continue its adjustment phase, with price declines likely to persist, necessitating changes from both companies and the industry as a whole to foster a healthier market environment [33]. - The focus is shifting back to the true value of liquor as a consumer product, moving away from the excessive added values previously associated with it, such as status symbols and investment properties [30][32]. - Companies that can effectively engage younger consumers and adapt their product offerings will be better positioned for long-term success in the evolving market landscape [30][31].