Core Viewpoint - The article highlights a fraudulent scheme involving the unauthorized sale of Shanghai Disneyland hotel room cards, which allow guests to enter the park early. Criminals have exploited this benefit by creating fake cards and selling them to unsuspecting tourists, leading to police intervention and arrests [1][2][4]. Group 1: Fraudulent Activities - Criminals discovered a market for purchasing hotel room cards from guests who did not use their early entry privilege, leading to the creation of fake "early access cards" sold at inflated prices [4][5]. - The police identified two main fraud rings, resulting in the arrest of 33 suspects and the seizure of equipment used for card forgery, including printers and computers [4][8]. - The fraudsters used social media to promote their fake cards, claiming benefits such as avoiding queues and offering refunds if entry was denied [4][6]. Group 2: Methods of Deception - The counterfeit cards were designed to closely resemble genuine ones, making them difficult to distinguish without careful inspection [2][6]. - Criminals obtained the verification codes from real cards and used graphic design software to replicate accommodation information, enhancing the authenticity of their fake cards [6]. - Security measures at the park have been strengthened, but the high volume of visitors can hinder thorough checks by security personnel [6]. Group 3: Legal Implications - The article warns that using the early entry privilege without being a hotel guest may lead to legal consequences, emphasizing the importance of purchasing access through official channels [9].

Core Viewpoint - JD's new self-operated takeaway brand, Qixian Xiaochu, aims to innovate the food delivery market by utilizing a "dish partner" model, allowing restaurant partners to focus on dish development while JD handles the overall operations and costs [3][6][34] Group 1: Business Model and Strategy - Qixian Xiaochu is positioned as a quality dining production platform, representing a significant supply chain model innovation in the food delivery market [6] - The "dish partner" model allows partners to participate in dish development, while JD covers rent, labor, and operational costs, ensuring partners do not incur losses [3][10][14] - Each dish partner is guaranteed a minimum profit share of 1 million yuan, with additional sales commissions that have no upper limit [14] - Qixian Xiaochu aims to provide meals priced between 10-20 yuan, targeting a market segment that is not focused on higher-priced dining options [15] Group 2: Market Positioning and Consumer Focus - The initiative seeks to address issues in the food delivery industry, such as the prevalence of "ghost kitchens" that offer low-quality food, by providing affordable, high-quality meals [7][18] - Qixian Xiaochu aims to create a trustworthy and affordable takeaway option for consumers, with a focus on hygiene and quality [17][18] - The model is designed to help quality restaurants increase sales and profitability by leveraging JD's supply chain advantages [19][34] Group 3: Supply Chain and Food Safety - All ingredients used in Qixian Xiaochu are sourced from reputable suppliers, ensuring quality and safety through strict selection processes [21][25] - The operational model eliminates the need for washing and cutting ingredients in-store, enhancing food safety and cleanliness [22] - Qixian Xiaochu implements a comprehensive 40-point inspection and sanitation protocol to ensure food safety [25] Group 4: Competitive Landscape and Future Plans - JD emphasizes that Qixian Xiaochu is not in competition with existing restaurants or other delivery platforms, but rather aims to reclaim market share from low-quality food providers [13][34] - The company is open to collaborating with other platforms to meet consumer demand for quality and affordable meals [33]

Core Viewpoint - Tencent's market capitalization has reached a new high of 5 trillion HKD, driven by the integration of AI technology with its core business, resulting in significant growth momentum [1][5]. Group 1: Financial Performance - Tencent ranked 32nd in the 2025 Fortune China 500 list, improving by 6 places from the previous year, with a net profit exceeding 26.9 billion USD, placing it 6th in the profit ranking [4]. - In Q1 2025, Tencent reported revenue of 1800.2 billion CNY, a year-on-year increase of 13%, with gross profit of 1004.9 billion CNY, up 20% [13]. - The company’s R&D expenditure reached 706.9 billion CNY for the year, with a cumulative investment of 340.3 billion CNY over seven years [12]. Group 2: AI Strategy and Developments - Tencent has heavily invested in deep learning models since the second half of last year, launching its self-developed models, including the Tencent Mixed Yuan Deep Thinking Model T1 and TurboS [6]. - The AI assistant "Yuanbao" was launched on WeChat, allowing users to interact directly within the chat interface [9]. - The daily active users of Yuanbao surged over 20 times from February to March, making it the third-ranked AI-native mobile application in China [8]. Group 3: Business Segments and Growth - AI has become a key growth driver across Tencent's three main business segments: gaming revenue increased by 24%, advertising revenue grew by 20%, and financial technology and enterprise services revenue rose by 5% [11]. - Tencent's capital expenditure has seen a significant increase, with a year-on-year growth of 221%, reaching a historical high of 76.7 billion CNY [12]. Group 4: Market Activity and Future Outlook - Tencent has been a leader in share buybacks in the Hong Kong market, with a total buyback amount exceeding 40 billion HKD this year, marking a significant increase from previous years [15]. - The company plans to repurchase at least 80 billion HKD worth of shares in 2025, reflecting its commitment to returning value to shareholders [15].

Group 1 - The core viewpoint of the articles highlights the significant rise in gold prices, with spot gold reaching nearly $3,400 per ounce and experiencing fluctuations around this level in July 2023 [1][3] - The Shanghai Gold Exchange issued a notice on July 23, 2023, urging member units to enhance risk awareness and prepare for market volatility, indicating a cautious approach to market stability [1] - Retail gold jewelry prices have also increased, with major brands adjusting their gold prices by 8 yuan per gram, reflecting the impact of rising gold prices on consumer behavior [1] Group 2 - The World Gold Council reported that gold was one of the best-performing asset classes in the first half of 2025, with a price increase of nearly 26% and multiple record highs reached [3] - The sustained strength of gold prices is attributed to global geopolitical dynamics and macroeconomic conditions, with rising market risk aversion driving demand for gold as a safe-haven asset [3]

Core Viewpoint - The article highlights the global debut of the culinary IP "Chinese Banquet," which aims to promote Chinese food culture and enhance international understanding of Chinese traditions through a cultural exchange event in Thailand [1][3][5]. Group 1: Event Overview - The "Chinese Banquet" event was launched in Bangkok, featuring over 50 guests from various sectors, including government, business, and academia, showcasing the rich cultural heritage of Chinese dining [1][7]. - The event included a tasting of Sino-Thai fusion dishes, emphasizing the dialogue between civilizations and the cultural confidence of China [1][3]. Group 2: Cultural Significance - The initiative is part of a broader effort to promote traditional Chinese culture abroad, with a focus on achieving cross-cultural resonance through the "Chinese flavor" [3][5]. - The event coincides with the 50th anniversary of diplomatic relations between China and Thailand, highlighting the vitality of cultural exchanges between the two nations [5][7]. Group 3: Culinary Heritage - Chinese culinary culture is described as a refined civilization developed over 5,000 years, with a strong emphasis on quality and craftsmanship in both food and drink [5][14]. - The "Chinese Banquet" serves as a platform to showcase the non-material cultural heritage of Chinese cooking techniques and customs, fostering cultural integration between China and Thailand [8][14]. Group 4: International Expansion - The article notes that the internationalization of Chinese liquor, particularly Yanghe's "Dream Blue," has become essential, with products now available in over 80 countries across six continents [12]. - The "Dream Blue Handcrafted Class" series has previously held events in various countries, gaining popularity among overseas consumers and enhancing the brand's global presence [12][14].

Market Overview - The A-share market experienced a slight increase in the Shanghai Composite Index by 0.01% while the Shenzhen Component Index and the ChiNext Index fell by 0.37% and 0.01% respectively. The total market turnover was approximately 1.9 trillion yuan, a decrease of 30.3 billion yuan compared to the previous trading day [1]. Sector Performance - The A-share market saw a rotation of hotspots, with pharmaceutical-related concepts such as beauty care and medical services performing well, alongside major financial sectors like insurance and securities [3]. - The infrastructure sector, which had surged in the previous days, showed signs of divergence today. Leading stocks like Dongfang Electric and Tibet Tianlu remained strong, while popular stocks like Sany Heavy Industry and Conch Cement turned downward [4]. Company Highlights - Dongfang Wealth (300059) led the A-share market in terms of trading volume and net inflow of main funds, with a trading volume exceeding 19 billion yuan and a net inflow of over 980 million yuan [6][9]. - On July 18, Dongfang Wealth announced that shareholder Shen Yougen planned to transfer approximately 159 million shares, accounting for 1% of the company's total share capital, due to personal funding needs [11]. - The inquiry transfer price for the shares was preliminarily set at 21.66 yuan per share, with full subscription from 17 institutional investors [12]. Sector Analysis - The securities sector showed strength today, with leading stocks such as Guosen Securities and Guosheng Financial Holdings leading the gains [7]. - Guosen Securities rose by 5.14%, while Guosheng Financial Holdings increased by 4.98% [8]. Beauty and Personal Care Sector - The beauty care sector strengthened in the afternoon, with stocks like Jiaheng Jiahua and Runben shares hitting the daily limit [14]. - Jiaheng Jiahua has obtained production licenses for mosquito repellent products and aims to provide one-stop services in the cosmetics field [16]. - Runben's revenue from mosquito repellent products exceeded 400 million yuan in 2024, marking a 35.39% increase from 2023 [18]. - According to Guotai Junan Securities, beauty care products are highly sensitive to new demand changes, making them a key growth area in the new consumer landscape [18].

王昌林表示，1978年12月18日，党的十一届三中全会开启了改革开放和社会主义现代化的伟大征程。在 12月18日这一天启动封关运作，具有重要象征意义，也是向世界展示我国坚定不移扩大高水平开放的决 心和信心。接下来还有几个月时间，我们将抓紧做好后续准备工作，帮助经营主体充分了解封关政策、 开展相关业务测试。 来源：新华社 记者：魏玉坤、张晓洁；海报制作：栾若卉 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 新华社权威快报| 2025年12月18日海南自贸港全岛封关正式启动 国家发展改革委副主任王昌林7月23日在国新办发布会上表示， 关于海南自贸港封关的具体时间，经党 中央批准，定于2025年12月18日正式启动。 万达，再卖资产 金价大涨！ ...

Core Viewpoint - WeChat has initiated a gray test for a new voice-to-text feature, allowing users to convert spoken words into text automatically in chat, enhancing user convenience and efficiency [1][2]. Group 1: Voice Input Feature - The new voice input button appears in the chat interface after updating to version 8.0.61 (iOS) and allows real-time conversion of speech to text [1][2]. - Users must say "over over" to send the converted text, which is designed for hands-free scenarios like driving or cooking [3]. - Some users find the requirement to say "over" as a trigger inconvenient and suggest allowing customizable commands [3]. Group 2: Additional Features - WeChat is also testing a feature to back up chat records to external storage devices, such as USB drives and external hard drives, to alleviate mobile storage issues [4].

Core Viewpoint - The A-share market is experiencing a bullish trend, with the Shanghai Composite Index surpassing the 3600-point mark for the first time since October 2022, indicating a potential upward momentum in the market [1][10]. Market Performance - As of the midday close, the Shanghai Composite Index reported 3608.58 points, up 0.75%, while the Shenzhen Component and ChiNext Index rose by 0.31% and 0.72%, respectively [1]. - The total trading volume in the Shanghai, Shenzhen, and North markets reached 11,595 billion [1]. Sector Analysis - The large infrastructure sector is a significant driver of the current index rise, particularly following the commencement of the Yarlung Tsangpo River downstream hydropower project [4]. - The Yarlung Tsangpo hydropower concept index surged over 6%, with companies like China Railway Construction and China Power Construction hitting the daily limit [4]. - The black metal and new energy-related commodities have seen substantial price increases, with polysilicon and coking coal futures reaching their daily limits [5][6]. Stock Highlights - Notable stock performances include: - China Railway Construction: +20.07% [5] - Deepwater Survey Institute: +20.02% [5] - China Power Construction: +1.08% [5] - Huaneng Cement: +10.03% [5] - The steel sector, represented by the Shenwan Steel Index, rose over 1.6%, with companies like Liugang and Jiuquan Iron & Steel hitting the daily limit [6]. Broker Performance - The brokerage sector, often seen as a market leader, also showed strong performance, with Guosheng Securities hitting the daily limit and other firms like Guotai Junan and Huatai Securities following suit [8]. Investment Strategy - According to the strategy team at China Merchants Securities, the current market rally is supported by a positive feedback mechanism of capital inflow, with the Shanghai Composite Index breaking through key resistance levels [10]. - The upcoming peak in earnings forecasts for listed companies in mid-July is expected to be a focal point for investment strategies, with recommendations to focus on sectors such as electronics, machinery, pharmaceuticals, defense, and metals [10].

Core Viewpoint - The article highlights the success of the Chinese AAA game "Mingmo: Yuanshu Zhi Yu," which topped the Steam sales chart shortly after its release, indicating a growing market for Chinese-developed games and their potential in the global gaming industry [1][10]. Group 1: Game Details - "Mingmo: Yuanshu Zhi Yu" is priced at 248 yuan, with a deluxe version at 298 yuan, set to officially launch on July 24 [2]. - The game is categorized as a "Souls-like" action game, similar to "Black Myth: Wukong," and features a fictional story set in the late Ming Dynasty [5][6]. - The narrative follows a character named Wuchang, a memory-lost female hero, during a tumultuous period in Chinese history [6]. Group 2: Company Background - The game is developed by Chengdu Lingze Technology Co., Ltd., founded in 2016, which has focused on integrating cutting-edge technology with cultural elements [6]. - Lingze Technology initially relied on outsourcing for AAA game development to accumulate funds for their own projects, including "Mingmo: Yuanshu Zhi Yu" [6][8]. - The company is controlled by Jiang Min, who holds approximately 42.60% of the shares, indicating a lack of external institutional investment [6]. Group 3: Market Potential - The success of "Black Myth: Wukong," which sold 10 million copies in four days and 15 million in seven days, has set a precedent for future Chinese AAA titles [10]. - The article notes that the domestic gaming market is witnessing a continuous increase in user engagement and spending capacity, suggesting a robust future for AAA game development in China [10]. - By 2024, the scale of self-developed Chinese games reaching overseas markets is projected to reach $18.557 billion, accounting for about 11% of the global gaming market, indicating significant room for growth [14].