以下文章来源于刺猬公社 ，作者刺猬公社编辑部 刺猬公社 . 互联网内容行业观察与研究 来源|刺猬公社 文｜阿狸编｜园长 上个周末，全国人民蹲在直播间观看一场草根足球比赛 ——"苏超"，要知道，在一个月前，这还是 一场无人问津的足球比赛。 根据苏州官方发布的数据，苏超第四轮比赛的场均观众已达 25802 人，而一个月前的首轮比赛， 场均观众仅有 7745 人。 增加的大部分观众，很有可能都是来凑热闹的，但作为一场由官方主导的省级足球赛事，因为各式 各样的段子出圈，在社交媒体上吸引泼天流量，在国内，这还是头一回见。截至 2025 年 6 月 16 日，抖音上关于"苏超"及"苏超联赛"的话题播放量已超过 70 亿次。 更令人匪夷所思的是，全国各地的知名企业也前来凑热闹，争抢赛事赞助合作商。 6 月 6 号，"江苏省城市足球联赛"公众号公布了最新的赛事赞助商名单，在这份名单里，除新增一 个类别的赞助商——公益支持单位（其中仅有一家），赛事的赞助商扩容至 19 个，是首轮的三 倍。 品牌的狂欢，反向验证着比赛的热度，但并不是谁都有资格成为苏超的合作伙伴，在这场流量盛宴 中分一杯羹。 01 卖爆的球衣，消失的赞助商 在这 ...

Core Viewpoint - The article discusses the rising popularity of "Ancestor money" (冥币) in overseas markets, particularly among foreign social media users who have embraced this aspect of Chinese culture as a form of cultural expression and ritual practice [1][24]. Group 1: Cultural Phenomenon - The trend of burning Ancestor money began in 2014, when a foreign blogger introduced it as a form of "Eastern mystical power," leading to a cultural phenomenon on social media platforms [4]. - Foreign users have created unique rituals around burning Ancestor money, incorporating local cultural elements, such as tarot cards and symbolic offerings [5][9]. - The practice has evolved into a form of performance art, with various creative interpretations and adaptations by foreign users [24]. Group 2: Market Dynamics - The village of Mibeizhuang in Hebei province has become a hub for the production of Ancestor money, dominating 90% of the global market [20]. - The price of Ancestor money has significantly increased in international markets, with prices ranging from $7 to $20, translating to a substantial markup compared to domestic prices [12]. - Mibeizhuang has adapted to market demands by producing localized versions of Ancestor money, including designs featuring local currency symbols and cultural motifs [14][22]. Group 3: Emotional Connection - The practice of burning Ancestor money serves as a means for individuals to express their emotions and maintain connections with deceased loved ones, reflecting a deep cultural significance [26][27]. - Many foreign users have shared personal stories about their experiences with Ancestor money, highlighting its role in their grieving process and emotional healing [26][27]. - The article emphasizes that the appeal of Ancestor money lies in its ability to bridge cultural gaps and provide a tangible way for people to honor their ancestors [27].

Core Viewpoint - The article discusses the recent departure of popular主播顿顿 from 东方甄选, highlighting the challenges the company faces, including declining performance and talent retention issues [2][9]. Group 1: Departure of Popular Hosts - On June 18, popular主播顿顿 announced his departure from 东方甄选, expressing gratitude towards the company and俞敏洪, while indicating a desire to explore new challenges [3][4]. - This departure follows a trend, as at least three popular hosts have left 东方甄选 in the past year, including敬文 and董宇辉 [2][6]. - The departures are linked to dissatisfaction with company management and declining performance, as evidenced by顿顿's previous expressions of discontent regarding management practices [4][5]. Group 2: Performance Challenges - 东方甄选's financial performance has deteriorated, with a reported revenue drop of over 20% in the 2025 fiscal year mid-term report, resulting in a loss of 96.5 million yuan compared to a profit of 249 million yuan in the previous year [10][12]. - The company's GMV (Gross Merchandise Volume) also fell by 16.2%, from 57 billion yuan to 48 billion yuan, indicating a significant decline in sales activity [11]. - Despite a slight increase in followers on Douyin, the overall trend shows a loss of followers, with a recent drop of 112,000 followers, contrasting with the growth of competitors like 与辉同行 [11][12]. Group 3: Broader Talent Retention Issues - The article notes that talent outflow is not uncommon in the education sector, with many former employees of 新东方 achieving success in their own ventures [6][8]. -俞敏洪 has acknowledged the challenges of retaining talent but emphasizes that 新东方 continues to grow and provide development opportunities [9][12]. - The frequent departures of key personnel pose challenges for both 东方甄选 and its parent company 新东方, necessitating improvements in talent management and corporate culture [13][14].

Core Viewpoint - The article highlights the ongoing issues faced by customers who have ordered Ferrari vehicles from Wuhan Jun Dong Automobile Sales Company, including delayed vehicle delivery and unfulfilled refund requests, indicating a significant financial strain on the dealership [1][2][5]. Group 1: Customer Experiences - Multiple customers, including Mr. Zhao and Mr. Li, reported that they paid substantial deposits (e.g., 450,000 yuan for a 4 million yuan Ferrari) but have not received their vehicles or refunds, with some waiting for over a year [2][4]. - Customers have been advised to send legal notices to escalate their refund requests, as the dealership struggles to address their concerns [5][7]. Group 2: Company Financial Status - The dealership's management acknowledged financial difficulties, stating that funds have been withdrawn by the parent company, Yuntian (China) Investment Co., Ltd., leading to operational challenges and delayed refunds [5][7]. - The dealership is reportedly unable to sell vehicles effectively, which exacerbates its cash flow issues, with the manager suggesting that selling a car could facilitate immediate refunds to customers [5][6]. Group 3: Parent Company Background - Yuntian (China) Investment Co., Ltd. is a subsidiary of the Hong Kong-based Chow Tai Fook Group, which has been an authorized dealer for Ferrari and Maserati in China since 2005 [7]. - The parent company has faced legal and financial troubles, including multiple court enforcements and tax penalties across various cities, indicating broader systemic issues within the dealership network [10][11].

Core Viewpoint - In 2024, despite a booming gold price market, the jewelry industry faced a wave of store closures, while the jewelry company Chaohongji (002345.SZ) achieved a net increase of 158 franchise stores, resulting in a revenue of 6.518 billion yuan, a year-on-year growth of 10.48%. However, the company's profitability sharply declined in the second half of 2024, with a net loss of 122 million yuan in Q4, a year-on-year decrease of 698.93% [2]. Group 1: Franchise Performance - Chaohongji operates three main brands: "CHJ Chaohongji," "VENTI Vandi," and "FION Fianie," with over 90% of revenue coming from the jewelry sector. In 2024, the national gold consumption dropped by 9.58% to 985.31 tons due to suppressed consumer demand from rising gold prices, leading to diminishing returns from the previous rapid expansion strategy through franchise stores [4][5]. - The number of franchise stores increased to 1,505 by the end of 2024, with 1,268 being franchise stores. The revenue from franchise contributions reached 3.284 billion yuan, a year-on-year increase of 32.35%, marking a historical high. However, the gross margin for this sales model fell to 17.25%, down from 23.97% in 2020, significantly lower than the self-operated model's 31.57% [5][6]. Group 2: Revenue and Profitability Challenges - From 2020 to 2024, the revenue from Chaohongji's fashion jewelry showed instability, with a 10.6% decline in 2022 and a negative growth in 2024. In contrast, traditional gold products consistently showed positive growth during the same period, with a 30.21% increase in 2024 [8]. - The gross margin for traditional gold products remained low, fluctuating around 9% from 2020 to 2024, necessitating volume growth to support profitability. The company aims to increase its store count to 2,000 by 2025, but the actual net increase in 2024 fell short of expectations, posing a significant challenge [8][9]. - The company's leather goods segment, particularly the brand "FION Fianie," has underperformed, leading to multiple goodwill impairment provisions totaling 1.77 billion yuan in 2024 due to unmet performance expectations. The revenue from this segment dropped by 27.38% to 324 million yuan [9].

好莱坞著名造型师 Rachel Zoe 曾说过： "没有墨镜的夏天，就没有时尚。" 作为夏日潮酷出街的单品，尤其是现代的墨镜，除了基础的遮阳作用，还能够提升整体造型的氛围感。 但其实墨镜的流行与飞行员有很大关系。 无论是军机还是民航客机，在晴天的时候，高空的太阳光是非常强烈的，而且，云层也会反射太阳光， 这些太阳光线会直射到驾驶舱中飞行员的身上，因此，会对飞行员的眼睛造成极大伤害。 由于早期的飞机大多为敞篷式，太阳镜能够遮挡风沙以及阳光，在美国空军之中推广流行开来，逐渐成 为飞行员的必备物品，因此这种太阳镜也被称作 飞行员墨镜。 经 典 空 军 电 影 《 壮 志 凌 云 》 ， 汤 姆 克 鲁 斯 佩 戴 飞 行 员 墨 镜 的 造 型 ， 更 是 立 刻 风 靡 全 球 ， 受 到 当 时 年 轻 人 的 热 烈 追 捧 。 时至今日，飞行员墨镜依旧是不过时的单品，镜框线条细腻的飞行员墨镜，是各种款式之中不挑脸型的 一款。 无论是欧美明星还是国内艺人，都喜欢用飞行员墨镜来丰富造型，在出席红毯或是杂志拍摄中，总是少 不了飞行员墨镜的身影。 除此之外，飞行员墨镜更是很常用的一款户外装备！开车时，你是否也被这些 ...

凤凰网主办的《 2025 中国企业出海高峰论坛》于 6 月 28-29 日在深圳康莱德酒店举行，联合国前秘书长潘基文领衔， WTO 前总干事、法国前总理、多 国驻华大使等政商领袖共话全球化新机遇。 该论坛专设《企业出海对接会》，带你通往东盟和中东。各国招商主管 + 投资人 + 出海服务企业 +30 位企业家，全部闭门交流，不直播、不录像，只对 话。 以下文章来源于财经连环话 ，作者轱辘慧 财经连环话 . 一张图看懂财经万象，专业财经，轻松看懂。唯一正牌官方号。 我们请来了真正"管钱、管政策、管项目"的人：来自马来西亚、泰国、越南、阿联酋、沙特的政府招商代表现场解析政策，阿布扎比投资局、沙特央行代 表首次来华闭门交流，腾讯、阿里等资深出海实操者分享路径。我们想要达成的，是一场真正能解决企业出海"怎么走、走哪条"的实战对话。 这不是讲座，而是真正的对接。 有哪些风险是过去一年出海企业踩过坑的？今年最值得下注的区域和产业是什么？出海怎么投？资金在哪里？主权基金、国家基金对接机制如何？如何对 接到真实项目？ 这场专享会将会给你答案。 【参会信息】 时间： 2025 年 6 月 29 日 地点：深圳（具体地址报名后通知 ...

Core Insights - The company, Wisdom Tree, has experienced significant revenue growth in recent years, but its net profit has been highly volatile, with a loss of 59.11 million in 2022, a profit of 81.42 million in 2023, and a projected loss of 88.855 million in the first half of 2024, before returning to profitability of 100 million by the end of 2024 [1][3][4] - Accounts receivable surged by 154% over two years to 340 million, representing 40% of total revenue for the year. This increase was accompanied by a deterioration in receivables quality, with impairment provisions rising by 177% to 34.1 million over three years [1][6] - The company has faced compliance issues, including bribery allegations involving sales personnel and penalties for collusion in bidding and false advertising, which pose significant obstacles to its IPO ambitions in Hong Kong [1][19][20] Financial Performance - Revenue figures for Wisdom Tree from 2022 to 2024 were 400 million, 650 million, and 850 million respectively, indicating a continuous upward trend, but the profit attributable to owners fluctuated significantly [3][4] - The gross profit margin has also shown volatility, decreasing from 51.1% in 2021 to 44.1% in 2022, then rising to 60.7% in 2023, and dropping to 46.1% in the first half of 2024, before being reported at 61.9% for the full year [4][5] Accounts Receivable and Cash Flow - Trade receivables increased from 134.958 million in 2022 to 340 million in 2024, accounting for 67.6% of current assets by April 2025, indicating a significant portion of current assets is tied up in receivables [6][8] - The net cash flow from operating activities was negative in 2022 and 2024, with figures of -48.14 million and -9.53 million respectively, reflecting cash outflows of over 46 million over two years [10][12] Compliance and Legal Issues - Wisdom Tree has been involved in multiple compliance issues, including a bribery case and collusion in bidding, which have resulted in fines and could impact its IPO process [19][20] - The company has been required to provide additional information regarding its compliance measures in light of these issues as part of its IPO application [20]

当地时间周五，美股三大指数收盘涨跌不一，纳指跌 0.51% ，本周累涨 0.21% ；标普 500 指数跌 0.22% ，本周累跌 0.15% ；道指涨 0.08% ，本周累涨 0.02% 。 大型科技股多数下跌，谷歌跌近 4% ， Meta 、英特尔、亚马逊、英伟达跌超 1% ，微软小幅下跌；苹 果涨超 2% ，奈飞、特斯拉小幅上涨。 Circle 涨超 20% ，创收盘历史新高。 热门中概股涨跌不一，纳斯达克中国金龙指数跌 0.92% ，本周累跌 1.48% 。金山云跌超 4% ，京东跌超 3% ，哔哩哔哩跌超 2% ；房多多涨超 3% ，斗鱼涨超 2% 。 在美联储多位官员就降息表态后，特朗普再次呼吁 鲍威尔降息。他甚至表示：" 或许在是否炒了鲍威尔 的问题上我得改变主意"。 01 最早下个月就开始降息 美联储理事克里斯托弗·沃勒 周五表示，他预计关税不会显著推高通胀， 因此政策制定者应考虑最早在 下个月就开始降息。 在接受采访时，这位美联储官员表示，他和同僚应当采取缓慢但启动降息的措施，因为通胀目前并未对 经济构成重大威胁，并且他预计这一趋势将持续。 沃勒表示："我认为我们目前的状况已经可以在 7 月 ...

在联合国成立80周年的全球格局关键节点，联合国第八任秘书长、博鳌亚洲论坛理事长潘基文将亮相 2025年6月28日于深圳开幕的凤凰网 " 2025中国企业出海高峰论坛"。 01 全球化困局下的破局宣言 当前，一幅空前复杂的全球图景正徐徐展开：地缘政治冲突多点爆发、气候危机步步紧逼、经济复苏前 景晦暗不明。重重危机交织叠加，给全球治理体系带来巨大压力。尤其令人忧心的是，以联合国为基石 的多边治理框架，正遭遇前所未有的严峻挑战——部分国家公然倒行逆施，大行单边主义，以邻为壑， 筑起贸易壁垒，拒绝履约担当。这股逆流不仅严重侵蚀了国际合作的政治土壤，更对凝聚共识、协同应 对的全球化进程造成沉重打击。在如此波诡云谲的全球变局之中，人类对全球治理的未来路径充满了深 刻的反思和广泛的探讨。 破解困局的关键，在于重拾"互利共赢"的底层逻辑。潘基文曾指出，互联互通和供应链合作是全球化、 区域合作和自由贸易的关键，是国际社会重建信任、促进团结的纽带和桥梁，是持久和平和持续繁荣的 基石。近年来，互联互通和全球供应链持续遭受疫情、极端天气、意识形态、地缘冲突冲击，面临"政 治化"、"武器化"、"意识形态化"等人为因素挑战。关税战、贸易 ...