关关关关关注注注注注投投投投投资资资资资界界界界界视视视视视频频频频频号号号号号 做做做做做创创创创创投投投投投圈圈圈圈圈最最最最最靓靓靓靓靓的的的的的仔仔仔仔仔 ...

真叫卢俊 . 认认真真聊地产，实实在在谈买房。 以下文章来源于真叫卢俊 ，作者真叫卢俊团队 银发经济。 作者 I 真叫卢俊团队 来源 I 真叫卢俊 （ID：zhenjiaolujun0426） 当工作时间和商场营业时间基本同步，你有多久没有逛过商场了？ 周末好不容易挪个时间出来去商场，是不是感觉人又多，排队时间又很长？逛商场成了 一件辛苦的事 所以我决定，替大家在工作日去逛一次商场，看看平时工作日的商场是什么样的 发现：商场真是变天了，到处都是老年人欢乐的身影 之前还在想星巴克相比于国内的那些茶品品牌价格这么贵，还都开在最好的位置上，怎 么赚得回房租啊 工作日10点半到商场才发现，原来是赚老年人的钱啊 商场刚开门，她们早已收拾妥当穿戴整齐，搜罗去哪家咖啡店开始优雅聚会聊天了 大早上，一个动漫快闪店前就有很多人排队了，叽叽喳喳还挺热闹，好奇就凑上前去看 结果发现最激动的是退休的大姐姐，一看就是用心地打扮了，准备进去拍美照 早上是KTV的淡季，但是路过听见已经有歌声了 好奇走进去，跟网上说的一样啊，几乎全是中气十足歌声嘹亮的叔叔阿姨 有了这些老年人，商场哪还有什么工作日淡季？ 上海商场，还真是吃上银发红利了 01 ...

以下文章来源于南风窗 ，作者何国胜 谢瑞瑞 南风窗 . 冷静地思考，热情地生活。 作者 | 何国胜 实习生 | 谢瑞瑞 编辑 | 向治霖 来源 | 南风窗 （ID：SouthReviews） 一年前，付新雨考入东北某"985"高校法学专业，大一暑假，他就去了北京一家基层法 院实习。 实习没有薪酬，除了免费午饭，其他都要付新雨自己花钱。"还没细算，反正暑假倒贴1 万元出头，等于一学期生活费。"付新雨说，光租房的花销，一个月就近3000元。 同 是 在 北 京 " 贴 钱 " 实 习 ， 社 科 类 硕 士 生 黄 秀 英 也 是 从 外 地 去 北 京 实 习 ， 每 周 去 一 次 公 司，来回要6小时，往返交通费近200元，一个月下来接近800元。 如此持续4个月后，她咬咬牙在北京北五环租了一间房。房租水电加平日里吃穿用度，每 月约4000元。 在"提前实习""多段实习"被视为求职加分项的今天，这样的经历已经普遍。就业竞争激 烈、同辈压力加剧，让越来越多大学生把实习当作"提前投资"。 2024年猎聘的调研数据显示，"相关实习经历或社会实践"成为企业在招聘毕业生时的 首要因素。成本和压力，压在了在校学生身上。 ...

以下文章来源于砺石商业评论 ，作者张军智 砺石商业评论 . 专注思想与案例的价值。通过传播以利他主义、专业主义与长期主义为核心的"美好商业"观念，以促进 全球新商业文明体系的构建，进而实现一个人人希冀的美好社会。 "总能先于他人闻到任何机会。" 作者 | 张军智 编辑 | 平凡 来源 | 砺石商业评论 （ID：libusiness） 华为最重要的高管 华为高管中有两个人最出名，一是坐镇中军帐，运筹帷幄的"元帅"任正非，一个是冲锋 在前，"打打杀杀"的"急先锋"余承东。 但这实则是一种错觉，比如名字经常见诸媒体，但却不被公众了解的，华为三大轮值董 事长之一的徐直军。 在华为，成为董事会成员是极其困难的事情，首先至少有10年以上基层业务锻炼，其次 还得持续贡献最顶尖的战绩，比如余承东指挥终端业务突破千亿营收，何庭波带领海思 芯片鏖战国际巨头，孟晚舟推动财务体系全球化变革……截至2025年，华为20万员工 中，仅有17人进入董事会，是真正的万里挑一。 而这17人中，只有3位副董事长具备担任轮值董事长的资格。他们各自在轮值期内（6个 月），担任华为公司最高领导，领导董事会和常务委员会，全面主持战略制定、经营决 策及资 ...

敲 响 警 钟 。 这 是 一 个 投 资 人 不 愿 看 到 的 骗 局 。 然而，造假风波上演。知名科技媒体Te c hCr u nc h 爆料 ，" 11 x一直在宣传它所没有的客 户 " 。 简 单 说 ， 11x 通 过 宣 传 虚 假 客 户 、 创 新 ARR 计 算 方 式 等 途 径 ， 营 造 业 务 繁 荣 的 假 象。实际上，不少试用客户反馈产品不尽人意，短暂试用后选择终止合同。 事 情 仍 在 调 查 中 。 消 息 称 ， 11x 的 B 轮 领 投 方 a 1 6z 可 能 正 在 考 虑 采 取 法 律 行 动 。 如 此 一 幕，算是给当下AI创业潮敲响警钟。 90后，打造AI员工 融资5个亿 这要从一位90后创始人说起。 哈桑·苏卡尔(Ha s a n Su k ka r)，根据公开信息可以大致梳理他的成长轨迹：天赋异禀，1 4 岁就创建了一个线上交易平台。20 15年，17岁的苏卡尔因叙利亚难民危机移民到英国， 之后进入埃克塞特大学学习工程学。他曾在麦肯锡当过两年顾问，这段经历为日后创业埋 下伏笔。 在苏卡尔看来，数字化员工将成为全球企业日常工作中不可或缺的一部分。于是在 ...

Core Insights - The article highlights the recent developments in Limited Partner (LP) activities, showcasing various funds and investments across different regions and sectors in China [2][5][6][8][12]. Group 1: Major LP Activities - Tencent has made a new investment in Chengdu Longzhu Equity Investment Fund, indicating its continued engagement in the venture capital space [2]. - KKR has successfully registered a private equity fund in Shanghai, marking its entry into the RMB fund market [3]. - A new Tencent-affiliated fund, Shenzhen Zhishu Investment Partnership, has been established with a registered scale of approximately 16.08 billion RMB [4]. Group 2: Fund Establishments and Investments - The QFLP project by Qiming Venture Partners has been launched with a total commitment of 200 million USD, focusing on early-stage investments in technology and healthcare [5]. - Jiangsu Xuzhou has registered a new mother fund with a total scale of 3 billion RMB, targeting emerging industries such as new energy and integrated circuits [7]. - A 3 billion RMB fund has been established in Hunan, focusing on digital economy and artificial intelligence [8]. Group 3: Sector-Specific Funds - The Changjiang Gengzhi Innovation Development Fund has been registered with a focus on new materials and high-end equipment [9]. - A new fund in Chongqing has been set up to invest in the new energy intelligent connected commercial vehicle sector [10]. - The Fujian Province has launched a cultural industry fund with a total scale of 1 billion RMB, focusing on the cultural industry ecosystem [12]. Group 4: Regional Fund Developments - Tianjin has registered its first QFLP fund with a capital of 54.5 million RMB, focusing on domestic substitution and digital economy sectors [14]. - The Ezhou city has established a semiconductor industry fund with a total commitment of 300 million RMB [15]. - Hebei Province has set up a 150 million RMB electronic information venture capital fund, focusing on early-stage technology companies [19]. Group 5: Government Initiatives and Policies - The Anhui Provincial Government is establishing a general artificial intelligence industry fund with a target scale of 20 billion RMB [28]. - The Shaanxi Province has introduced a technology innovation mother fund with a maximum loss tolerance of 100% for certain investment categories [26][27]. - The Guangxi Province is launching a technology achievement transformation mother fund with a total scale of 2 billion RMB, focusing on high-end technology projects [25].

Core Viewpoint - The article highlights the remarkable rise of Cambrian, a Chinese AI chip company, which has achieved a market capitalization exceeding 500 billion yuan, becoming the second stock in A-share history to reach this milestone. The success is attributed to the innovative efforts of its founders and the support from venture capital, marking a significant turnaround after a period of losses and skepticism in the semiconductor investment landscape [3][11]. Company Background - Cambrian was founded by two brothers, Chen Yunji and Chen Tian Shi, who began their journey in AI chip development at the Chinese Academy of Sciences. Their initial concept for AI chip research was met with skepticism, as the field was largely unrecognized at the time [5][7]. - The company launched its first deep learning processor prototype in 2015 and gained significant recognition in 2017 when its chip was used in Huawei's AI smartphone [8][9]. Financial Performance - Cambrian faced substantial losses from 2020 to 2023, with net losses of 659 million yuan, 1.111 billion yuan, 1.579 billion yuan, and 1.043 billion yuan respectively. The company attributed these losses to supply chain issues and the need for continued R&D investment [9]. - A significant turnaround occurred in 2024, with the introduction of the Si Yuan 590 chip, leading to a stock price increase of 387% within the year and a market capitalization increase of over 200 billion yuan [11][12]. Market Dynamics - The article discusses the changing landscape of the AI chip market, particularly the increasing value of domestic chip alternatives as geopolitical factors influence supply chains. The domestic AI chip market is projected to reach approximately 323 billion yuan by 2026, with domestic chips expected to capture nearly half of the market share [13]. - Cambrian's recent financial success is attributed not only to the cooling sales of Nvidia's H2O chip but also to the broader trend towards supply chain autonomy in China [12][13]. Investment Insights - Early investors in Cambrian, such as Guotou Chuangye and Lenovo Ventures, have seen significant returns on their investments, reflecting the long-term potential of hard technology investments. The article emphasizes the importance of patience in the hard tech investment cycle, which often requires years before yielding substantial returns [15][17]. - The narrative illustrates the challenges and rewards of investing in hard technology, highlighting Cambrian's journey as a case study for future investors in the sector [17].

Core Viewpoint - The rapid expansion of China's low-altitude economy market has triggered a competition for "high-end" talent, with educational institutions responding by adding relevant programs to meet industry demands [6][8]. Summary by Sections Talent Competition - The Ministry of Education announced the addition of 239 undergraduate programs for 2025, with 120 focused on "Low Altitude Technology and Engineering," indicating a strong emphasis on low-altitude economy-related fields [6][7]. - Six universities, including Beijing University of Aeronautics and Astronautics, have been designated to lead the development of low-altitude economy disciplines, reflecting their existing strengths in aerospace and communication technologies [7][8]. Market and Policy Drivers - The low-altitude economy is becoming a favored area for academic program adjustments, driven by national policies and market demand, particularly in logistics, tourism, and emergency rescue sectors [8][9]. - By the end of 2024, the number of low-altitude economy enterprises in China is projected to reach 14,707, a year-on-year increase of 19.8%, significantly higher than the previous three-year average growth rate of 9.1% [8][9]. Regional Landscape - The competition in the low-altitude economy is not only about industry chains but also about talent, with various provinces actively establishing related programs [11][16]. - Sichuan leads with 14 low-altitude economy-related programs, followed by Jiangsu (11), Beijing (10), and Guangdong (10) [11][17]. - Major cities like Beijing and Chengdu are at the forefront, each with 10 programs, while cities like Nanjing and Guangzhou are also expanding their offerings [13][17]. Industry-Academia Collaboration - Despite a foundational talent pool, there is a significant talent shortage in the low-altitude economy, necessitating a shift towards more specialized and interdisciplinary training [19][20]. - Leading companies in the low-altitude economy are increasingly partnering with universities to enhance talent development through collaborative programs [19][20]. - The collaboration aims to align academic training with market needs, ensuring that educational institutions remain relevant and effective in producing qualified professionals [20].

潮玩火爆。 作者 I 周佳丽 报道 I 投资界PEdaily 昨天（8月2 1日），名创优品罕见宣布了一则融资消息—— 旗下潮玩品牌TOP TOY收获来自淡马锡领投的战略融资，投后估值约1 0 0亿港元。 这是202 0年名创优品IPO上市后，叶国富操刀的全新兴趣消费版图：今年二季度，TOP TOY营收4亿元，目前门店总数达2 9 3家。现在，名创优品正评估它分拆上市的可能性。 这意味着，潮玩江湖又一个IPO要来了。 今天上午，名创优品大涨超20%，市值飙涨1 0 0亿港元至5 7 0亿港元。 另一边，泡泡玛特刚刚创造了史上最好业绩，股价不断刷新历史，最新市值已冲破4200 亿港元。IP潮玩，这个曾经让人看不懂的生意，如今火爆程度令人惊叹不已。 淡马锡领投 TOP TOY估值100亿 时间回到2020年10月，名创优品敲开了纽交所的IPO大门，来自湖北十堰的叶国富圆了 上市敲钟梦。 两个月后，名创优品推出一个全新品牌TOP TOY。定位为潮流玩具集合店，TOP TOY 聚焦新一代消费群体，截至去年底已拥有超万个SKU，覆盖了手办、3D积木、搪胶毛绒 和其他潮流玩具等主要潮流玩具品类。 虽由名创优品孵化推向市场 ...

Core Viewpoint - Wolong Electric Drive has submitted its prospectus to the Hong Kong Stock Exchange for a dual listing, aiming to leverage its recent stock price surge and significant market capitalization of nearly 50 billion RMB [4][8]. Company Background - Founded by Chen Jiancheng in 1984, Wolong Electric Drive started from a small factory and has grown into a leading domestic electric motor manufacturer, with a current market value of approximately 50 billion RMB [4][6]. - Chen Jiancheng's daughter, Chen Yanni, joined the company in 2007 after studying abroad and has gradually taken over leadership roles, currently serving as the chairwoman of Wolong Holding Group [7][8]. Business Operations - Wolong Electric Drive specializes in electric drive system products and solutions, focusing on five core segments: explosion-proof electric drive systems, industrial electric drive systems, HVAC electric drive systems, new energy transportation electric drive systems, and robotic components [10][13]. - The company ranks first in the global market for explosion-proof electric drive systems with a market share of approximately 4.5% and ranks fourth in industrial electric drive systems with a 2.8% market share [13]. Financial Performance - The company's revenue for 2022 was 14.27 billion RMB, with profits of 839 million RMB. Projections for 2023 and 2024 indicate revenues of 15.57 billion RMB and 16.25 billion RMB, respectively [13][14]. - The first half of 2025 showed a revenue of 8.03 billion RMB, reflecting a year-on-year growth of 0.66%, while profits increased by 33.96% to 54.8 million RMB [13][14]. Strategic Developments - Wolong Electric Drive is focusing on expanding its business in emerging fields, particularly in robotics and electric aviation, as indicated in its IPO fundraising plans [16]. - The company has made strategic investments in robotics, including becoming a strategic shareholder in ZhiYuan Robotics and holding shares in YuShu Technology, positioning itself as a key supplier of critical components [15][16].