Core Viewpoint - Space is predicted to become the preferred location for AI infrastructure within 30 to 36 months, with annual AI computing power in space expected to exceed the cumulative total on Earth within five years [1][12][20]. Group 1: AI and Space Infrastructure - The total intelligence of AI may surpass human intelligence within five to six years, with human intelligence potentially constituting less than 1% of all intelligence [2][25]. - Companies entirely composed of AI and robots are expected to outperform any company with human involvement [2][31]. - The energy supply is a critical factor for building data centers in space, as energy production outside of China is stagnating while chip production is rapidly increasing [3][6]. Group 2: Energy and Cost Efficiency - Solar panels in space can generate power at five times the efficiency of those on Earth, eliminating the need for batteries, thus reducing costs significantly [4][9]. - The cost of solar panels is currently around $0.25 to $0.30 per watt in China, and costs could decrease by up to tenfold when deployed in space [9][23]. - The average electricity consumption in the U.S. is about 500 GW, and achieving 1 TW of power generation in space would require significant advancements in energy production [5][20]. Group 3: Challenges in Energy Production - Building power plants is complex, requiring extensive infrastructure and facing regulatory hurdles, which slows down the process [6][10]. - The demand for electricity for data centers is underestimated, with actual needs being much higher due to cooling and maintenance requirements [10][21]. - The U.S. is facing a bottleneck in energy production, which could hinder the launch of large-scale AI chip operations [21]. Group 4: Manufacturing and Supply Chain - The manufacturing of chips is constrained by existing foundries, which are unable to meet the growing demand for AI chips [19][18]. - There is a significant backlog in turbine orders, which complicates the establishment of new power generation facilities [11][12]. - SpaceX and Tesla aim to produce 100 GW of solar panels annually, controlling the entire supply chain from raw materials to finished products [8][34]. Group 5: Competitive Landscape - Without breakthrough innovations in the U.S., China is poised to dominate the AI and manufacturing sectors [2][37]. - China's energy production is projected to exceed that of the U.S. by three times, indicating its industrial capabilities [37]. - The U.S. faces challenges in maintaining a competitive edge due to lower birth rates and a declining workforce, making advancements in robotics and AI crucial [36][37].

以下文章来源于版面之外 ，作者画画 版面之外 . 版面之外，才是真相。 权力交接。 作者 / 画画 来源 / 版面之外 （ID：Out_take） 2 0 2 5年底到2 0 2 6年初的几个月里，科技圈有个现象挺耐人寻味。 没有盛大的发布会，没有官方通告，但在深圳腾讯大厦、杭州阿里西溪园区、北京字节 跳动办公楼里，指挥大模型战场的人，悄然换上了一副副年轻面孔。 先 看 腾 讯 ， 虽 然 过 去 一 两 年 被 认 为 大 模 型 落 后 ， 但 它 丝 毫 没 闲 着 。 先 是 前 Op e nAI 研 究员姚顺雨被传1亿年薪入职腾讯，经过几次辟谣之后，终于在去年底正式加入腾讯， 头衔是首席 AI 科学家，直接向腾讯总裁刘炽平汇报。 就 在 上 周 ， 清 华 大 学 计 算 机 系 博 士 、 前 新 加 坡 S e a AI La b 高 级 研 究 科 学 家 庞 天 宇 也 入 职腾讯，负责多模态强化学习。在腾讯这种讲究山头和资历的老牌帝国里，这俩人简直 是坐着猎鹰 9 号火箭上位的。 再 看 阿 里 。 林 俊 旸 ， 硕 士 毕 业 后 直 接 加 入 阿 里 AI 研 究 机 构 达 摩 ...

早年慷慨入股 如今价值200亿 故事开端，狭路遇贵人。 复盘一笔被救回来的投资 。 作者/冯雨晨 报道/投资界PEdaily 惊喜从不按剧本而来。 时 间 回 到 2 0 1 4 年 ， 同 济 大 学 高 材 生 陈 志 平 和 上 市 公 司 亿 纬 锂 能 做 了 笔 交 易 ， 他 将 创 立 的思摩尔一半股权4个多亿卖了。但很不巧，卖出去当年思摩尔就突发业绩滑铁卢，于 是亿纬锂能想把股权全部转手。 意外出现了——由于这项资产出售的投票触发大股东回避原则，持股合计约4 %的小股 东揽起了卖不卖的决策大权。 没想到，小股东齐刷刷投出9 9 %的反对票，由此为亿纬锂能留住了这笔日后价值不菲的 财富。2 0 2 0年一声锣响，思摩尔成功登陆港交所，市值一度超4 8 0 0亿元，亿纬锂能手 中持股也一度膨胀至超1 4 0 0亿元。 直 到 今 天 ， 亿 纬 锂 能 持 股 账 面 市 值 仍 有 2 0 0 亿 元 ， 这家公司背后的刘金成夫妇，在2 0 2 4年胡润百富榜上，成功以3 3 0亿身家坐稳惠州首富 之位 。 堪称最睿智一届小股东。 2 0 2 0 年 ， 麦 克 韦 尔 通 过 红 筹 架 构 ...

Core Viewpoint - The article emphasizes the growing attractiveness of the Hong Kong insurance market for mainland investors, highlighting the significant growth in insurance premiums and the advantages of Hong Kong insurance products over mainland offerings [2][5][7]. Group 1: Insurance Market Trends - In the context of declining interest rates, insurance has become a favored asset class, with the insurance sector index in A-shares achieving a 3-year return of 51.75%, compared to the 31.01% return of the securities index [2]. - The total net profit of the five major listed insurance companies in A-shares reached 426 billion yuan in the first three quarters of 2025, marking a year-on-year increase of 33.5% [3]. - The Hong Kong insurance market saw a surge in new policies, with a premium of 173.7 billion HKD in the first half of 2025, reflecting a year-on-year growth of 50.5% [5]. Group 2: Investment Preferences of Mainland Investors - Approximately 55% of the assets of new middle-class individuals in China are allocated to real estate, while 31% are held in banks, prompting a shift towards higher-yielding investments such as Hong Kong insurance [3]. - The article notes that 29% of new insurance policies in Hong Kong were purchased by mainland visitors, indicating a strong interest from this demographic [5]. Group 3: Advantages of Hong Kong Insurance Products - Hong Kong insurance products offer greater flexibility and higher investment returns compared to mainland products, with a significant portion of new policies being denominated in USD (79.8%) [7]. - The expected return rates for Hong Kong's participating insurance policies can reach up to 7%, significantly higher than the 2% maximum for similar products in mainland China [7][10]. - Hong Kong's critical advantage lies in its ability to provide policies that can be settled in multiple currencies, enhancing their appeal to investors [7]. Group 4: Market Dynamics and Future Outlook - The article predicts that by 2026, the "new three treasures" of Hong Kong—insurance, stocks, and overseas expansion—will stand out as key investment opportunities [4]. - The Hong Kong stock market has seen a notable increase in IPO activity, with 286.3 billion HKD raised in 2025, making it the top global destination for IPO financing [15]. - The average daily trading volume in the Hong Kong stock market increased by 90% in 2025, indicating heightened market activity and investor interest [16].

以下文章来源于三联生活实验室 ，作者夏日嬷嬷茶 （ID：ID：LIFELAB2020） 自从中国对韩国开放免签，并增加各种直飞航线后，"华流"便水到渠成地成为韩国互联网的流量密码。 一边，是韩国博主们周末降落贵阳龙洞堡，在群山环绕的都市生活，寻找首尔买不到的松弛感。另一边，则是韩国境内的海底捞，正 以"民间驻韩美食办"的姿态，征服当地小年轻，让还没来中国的韩国人，也能在家门口浅尝一把中式国宴。 "韩国人平时吃七八个小菜配冷碟，就已经算是丰盛的一餐，结果来到海底捞，先是被小料台征服，还没走两步，就被宠溺服务哄到 小脸通红。" 三联生活实验室 . Never Bored 城市Cool Guy生活样本 中式国宴。 作者 / 夏日嬷嬷茶 来源 / 三联生活实验室 有人来中国旅游，被贵阳酸汤锅的无限续菜宠坏，甚至被杭州菜轻易攻陷，回国后自行确诊"中国美食综合征"，据说症状是，梦里都 是麻辣鲜香味儿，醒来只能去海底捞紧急解馋。 如果说以前海底捞在韩国是轻奢饭，那么如今，海底捞在韩国已经成了社交硬通货。韩国人对海底捞的爱，已经演变成一种信仰。以 至于有人说，在女婿群体一直有个不成文的说法，搞定韩国老丈人和丈母娘，只需要一顿 ...

Core Viewpoint - The article discusses the upcoming IPO of Tailin Technology Co., Ltd. (台铃), a major player in the electric two-wheeler market, highlighting its growth story and competitive positioning against established brands like Yadi and Aima [4][9]. Company Overview - Tailin, founded by Sun Muchu and his partners, has grown from a motorcycle repair business to a leading electric two-wheeler manufacturer, achieving over 10 billion RMB in annual revenue [4][5]. - The company has established a strong market presence, being the third largest in the global electric light transportation market with a market share of approximately 5.2% and 12.7% in mainland China [12]. Financial Performance - In 2023, Tailin reported revenues of 11.88 billion RMB, with projections of 13.6 billion RMB in 2024 and 14.84 billion RMB in 2025 [12][13]. - The company has shown a consistent increase in net profit, with figures of 2.87 billion RMB in 2023, 4.72 billion RMB in 2024, and 8.23 billion RMB in 2025 [12]. Product and Market Strategy - Tailin offers a diverse range of products, including 50 models of electric bicycles and 38 models of electric motorcycles, targeting various consumer segments [9][12]. - The company has focused on long-range electric vehicles, achieving a Guinness World Record for a model with a tested range of 656.8 kilometers [6]. Competitive Landscape - Tailin faces intense competition in the electric two-wheeler market, particularly from new entrants like Ninebot, which reported a revenue of 18.39 billion RMB in 2025, reflecting a year-on-year growth of 68.6% [14]. - The company is investing heavily in R&D and marketing to maintain its competitive edge, acknowledging the challenges posed by aggressive pricing strategies in the industry [14]. Industry Context - The article highlights the significance of Wuxi as a hub for electric vehicle production, with a substantial portion of China's electric two-wheelers being manufactured there [15][17]. - The region has developed a robust supply chain, enabling efficient production and distribution of electric vehicles, contributing to Tailin's growth and operational efficiency [16][17].

以下文章来源于网易科技 ，作者小小 网易科技 . 网易科技频道，有态度的科技门户。 一次商业逻辑的"重置"。 作者 / 小小 编辑 / 王凤枝 来源 / 网易科技 （ID：tech_163） 美国时间2月3日晚间，一场本该正襟危坐的顶级科技对话，最终变成了一场"五杯酒后 的坦白局"。 刚结束中国之行、甚至还没来得及倒时差的英伟达CEO黄仁勋，坐在了思科CEO查克· 罗宾斯(Ch u c k Ro b b i n s)对面。 几 杯 酒 下 肚 ， 黄 仁 勋 的 嗓 音 开 始 沙 哑 ， 但 话 语 却 越 来 越 犀 利 。 借 着 酒 劲 ， 黄 仁 勋 不 仅 " 砸 " 了 程 序 员 的 饭 碗 ， " 怼 " 了 管 理 学 的 教 条 ， 甚 至 还 对 几 家 世 界 级 巨 头 来 了 一 波 贴 脸"拉踩"： 关于程序员："编程？那只是打字而已。打字已经不值钱了。" 关于控制欲："如果你想掌控创新，那你该去看看心理医生。" 关于摩尔定律：" 1 0年算力提升了1 0 0万倍，在这种速度面前，昔日的摩尔定律简直慢 得像蜗牛在爬。" 关于传统巨头："我很爱迪士尼，但我敢肯定他们更想成为Ne ...

Core Insights - The article highlights the establishment of various investment funds across different regions in China, focusing on strategic emerging industries and innovation-driven projects. Group 1: Guangdong Province Initiatives - Guangdong Province has launched a strategic emerging industry investment guidance fund with a total scale of 1000 billion yuan, with an initial phase of 500 billion yuan, featuring a unique operational model and a three-tier structure [2] - The Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund has a target scale of 504.5 billion yuan and aims to support early-stage technology companies in strategic emerging industries [4] Group 2: Jiangsu Province Developments - Jiangsu's strategic emerging industry mother fund has initiated its fourth batch of specialized funds, totaling 671 billion yuan, including a significant 551 billion yuan for the Yangtze River Delta venture capital guidance fund [5] Group 3: Hubei Province Initiatives - Hubei has established a social security science and technology innovation fund with an initial scale of 200 billion yuan, focusing on key industries such as optoelectronics and automotive manufacturing [7] - A new fund in Hubei aims to support the transformation of traditional industries and the cultivation of emerging industries [7] Group 4: Shanghai and Other Regions - The Jiading District in Shanghai has launched a future industry fund with a total scale of 8 billion yuan, focusing on sectors like intelligent technology and future health [8] - A new investment fund has been established in Yanshan University to facilitate the commercialization of scientific research [9] Group 5: Other Notable Funds - The establishment of a 10 billion yuan venture capital fund by Yuexiu Capital and Guang Paper Group aims to support emerging industries in Guangzhou [10] - A 5 billion yuan talent fund has been set up in Taicang to support projects in information technology and biomedicine [15] - The establishment of the Dongguan-Taiwan Industry Development Investment Fund aims to enhance collaboration between industries in Dongguan and Taiwan [17] Group 6: Innovative Financial Structures - The first S fund restructuring fund in China has been established in Wuxi, with a fundraising scale exceeding 600 million yuan [20] - A new green investment platform has been launched with a target scale of 500 million USD, focusing on environmental technology investments [14] Group 7: Government Investment Funds - The Guangdong Province has created the South Guangdong Green Beauty Ecological Investment Fund with an initial scale of 200.1 million yuan to support ecological construction projects [22] - Chengdu's venture capital guidance fund is set to collaborate with two sub-fund management institutions, with a total scale of 690 million yuan [24]

以下文章来源于正和岛 ，作者刘溪 正和岛 . 正和岛，基于信任链接的企业家供需适配平台。 发家秘密。 作者 / 刘溪 来源 / 正和岛 （ID：zhenghedao） "经济不景气，生意才会好起来"，这是瓦伦堡家族的发家秘密。 瑞典人说"一瓦可定国"。在瑞典，瓦伦堡家族的地位堪比皇室，几乎任何政府团体访问 瑞典，都要与其会面。在全世界，瓦伦堡家族的声誉却是瑞典皇室远不可及的。 作为欧美四大家族财团之一，瓦伦堡家族曾掌控瑞典证券市场4 0 %的股票市值，还资助 了瑞典基础科学研究领域所有的诺贝尔奖获得者。 作为这些企业的第一或第二大股东，瓦伦堡家族的投资平台银瑞达集团，2 0 2 5年3季度 净资产值达1 . 0 6万亿瑞典克朗（约7 2 0 8亿元人民币）。仅2 0 2 4年一年，其净资产增值 就达到1 5 1 4亿瑞典克朗（约合1 0 3 0亿元人民币）。 这并不是瓦伦堡家族的全部，除了拥有北欧最大的银行瑞典北欧斯安银行，他们还有大 量的信托、基金掌握着巨额财富。但这个神秘的家族却没有一个成员出现在福布斯排行 榜。"存在，但不可见"，他们对控股的公司也是这种风格。 从0开始历经五代传承，富可敌国的瓦伦堡家族 ...

以下文章来源于腾讯科技 ，作者值得关注的 腾讯科技 . 腾讯新闻旗下腾讯科技官方账号，在这里读懂科技！ 太空光伏热 。 作者 / 李海伦 编辑 / 徐青阳 来源 / 腾讯科技 （ID：qqtech） 太空光伏，正在改写中国光伏企业的"价值锚点"。作为全球光伏制造的主导力量，中国 企业正成为马斯克太空能源蓝图中，不可回避的供应链核心。 近 日 ， A 股 市 场 掀 起 一 轮 " 太 空 光 伏 " 热 潮 ， 光 伏 板 块 整 体 仍 在 持 续 升 温 ， 延 续 强 势 行 情。1月2 6日，泽润新能盘中触及2 0 %涨停板并保持封板状态，拓日新能、亚玛顿、协 鑫 集 成 、 明 阳 智 能 等 涨 停 。 到 1 月 2 8 日 ， 盘 面 开 始 分 化 ， 但 光 伏 胶 膜 、 BI PV 等 细 分 方 向仍延续上涨趋势。 这 次 引 爆 行 情 的 直 接 触 发 点 来 自 1 月 2 2 日 的 达 沃 斯 论 坛 ： 马 斯 克 在 会 上 公 开 表 示 ， S p a c eX 与 特 斯 拉 正 联 手 在 美 国 建 设 年 产 能 达 2 0 0GW 的 光 伏 生 产 基 ...