具体交易细节浮出水面。 此次北京市市场监督管理局公示博裕五期美元基金有限责任公司收购北京华联（SKP） 百货有限公司（下称北京SKP）股权案，公示期截至5月9日。 PE出手。 作者 I 王露 余梦莹 报道 I 投资界PEdaily 靴子终于落地。 北京市市场监督管理局公示称，博裕五期美元基金通过其关联方拟收购北京SKP部分股 权，目前尚未公布交易金额。至此， 传闻已久的消息终成定局。 外界不免唏嘘之声。要知道，北京SKP堪称中国奢侈品零售行业的传奇。作为中国顶级 的百货商场，靠着京圈贵妇曾创造过门店单日卖出10亿的销售神话，多年蝉联"中国店 王"。 如今交易即将落锤，老股东华联集团退出，PE巨头博裕资本接手。悄然间，消费浪潮如 水流转，有人急流勇退，有人奋力前行。 博裕操刀 中国最赚钱商场卖了 对 于 北 京 SKP 人 们 并 不 陌 生 ， 几 乎 是 奢 侈 品 的 代 名 词 。 目 前 在 营 商 场 分 布 于 北 京 、 西 安、成都、武汉等城市，其中北京SKP商场是当之无愧的中国店王。 如今，商场传奇即 将易主。 文件显示，博裕五期美元基金通过其关联方拟收购北京SKP部分股权。完成交易后，博 ...

Core Insights - The "Spartan Race" is a niche sport that has gained popularity among the middle class in China, evolving from a challenging outdoor activity to a social phenomenon [4][6][12] - The race features various obstacle courses, with the "Super Beast" race covering distances over 50 kilometers and including up to 60 obstacles, appealing to a wide demographic including children and parents [4][8] - The event has become a lucrative business, with registration fees ranging from 439 to 1699 yuan for adults and 499 to 599 yuan for children, indicating a significant market potential [5][16] Market Dynamics - The Spartan Race has seen a rapid increase in participation, with events attracting thousands of participants, reflecting a growing trend in outdoor sports among urban populations [8][11] - The race's appeal is enhanced by its social media presence, with over 60 million views on related topics on platforms like Xiaohongshu, showcasing its cultural relevance [7][12] - The event's commercial success is attributed to its ability to engage middle-class consumers, with a business model that includes ticket sales, sponsorships, and merchandise [11][18] Revenue Streams - The primary revenue sources for the Spartan Race include ticket sales, sponsorships, and merchandise, with ticket sales alone generating significant income, estimated at over 2.195 billion yuan from past events [15][18] - Sponsorship deals are lucrative, with major brands willing to invest millions for visibility, indicating the race's strong market position [19][21] - The merchandise sales, including apparel and equipment, further contribute to the revenue, with prices comparable to well-known sports brands [21][22] Consumer Engagement - The Spartan Race has successfully tapped into the social dynamics of its participants, offering photography services and custom medals that enhance the experience and encourage sharing on social media [13][15] - The event is perceived as a fun and engaging way for families to bond, with many participants viewing it as a social gathering rather than just a competitive event [10][26] - Despite its growth, the Spartan Race still faces challenges in terms of accessibility and service quality, which could impact its long-term sustainability [25][26]

欢迎加入投资界读者群 打开募资窗口。 募资市场迎来新一幕。 今日（5月7日），中国人民银行行长潘功胜在国新办举行的新闻发布会上宣布：将创设 科技创新债券风险分担工具。随后，中国人民银行、中国证监会联合发布关于支持发行 科技创新债券有关事宜的公告—— 具有丰富投资经验、出色管理业绩、优秀管理团队的股权投资机构，可发行科技创新债 券，募集资金用于私募股权投资基金的设立、扩募等。 这被业内视为创投机构募资的新路径。 （ 二 ） 新 增 支 持 股 权 投 资 机 构 募 集 资 金 用 于 私 募 股 权 投 资 基 金 。 支 持 具 有 丰 富 投 资 经 验、出色管理业绩、优秀管理团队的私募股权投资机构和创业投资机构发行科技创新债 券，募集资金用于私募股权投资基金的设立、扩募等。 毅达资本董事长应文禄认为这是创投行业回暖的一则信号，"在当今时代背景下，充分用 好债券融资方式，对于真正培育一批具有国际影响力的一流私募股权投资机构，助力科 技强国建设具有重要意义。" 作者 I 杨文静 吴琼 报道 I 投资界PEdaily 募资破冰？科创债来了 "科创债"，一级市场翘首已久。 当中公告提到两大部分十二条内容，即丰富 ...

Core Viewpoint - The article discusses the phenomenon of the viral song "Jumping Machine," highlighting its commercial success and the dynamics of content creation in the music industry, particularly in the context of social media and short video platforms [4][5][6]. Group 1: Song Performance and Revenue - "Jumping Machine" has achieved significant commercial success, generating approximately 40 million in revenue, including 15 million from streaming, 5 million from overseas royalties, and additional income from performance rights and public broadcasts [7][9]. - The song has topped charts in various regions, including Spotify in Hong Kong and Southeast Asia, and reached the global top 15 [9][10]. Group 2: Content and Commercial Discussion - The article emphasizes the ongoing debate about the balance between artistic innovation and commercial success in music, suggesting that an overemphasis on viral trends may lead to a cycle of unoriginal content [5][29]. - The success of "Jumping Machine" reflects a broader trend in the music industry where songs are designed to be catchy and emotionally resonant, often at the expense of artistic depth [15][23]. Group 3: Impact of Social Media and Short Video Platforms - The rise of short video platforms has significantly influenced the popularity of songs like "Jumping Machine," which has become a popular background track for emotional content, leading to its viral spread [12][26]. - The article notes that the song's catchy and straightforward lyrics resonate well with younger audiences, contributing to its widespread appeal [15][26]. Group 4: Industry Dynamics and Artist Development - The involvement of major music companies, such as Sony Music, in promoting viral songs indicates a shift in the industry towards prioritizing commercial viability over traditional artistic values [29]. - The article suggests that while the current trend favors catchy, formulaic music, there is a risk of diminishing the quality and diversity of musical content available to audiences [29][31].

Core Viewpoint - The article highlights the emergence of a new generation of highly educated entrepreneurs from the Chaoshan region, breaking traditional stereotypes associated with local businesspeople and showcasing their success in the tech industry [4][12]. Group 1: Entrepreneurial Success Stories - Zhang Junbin, founder of Yunji Intelligent, recently secured $100 million in funding, marking a significant milestone for his sweeping robot company [1]. - Lu Ce Wu and Wang Shi Quan, founders of Qiong Che Intelligent, have also gained attention after raising several hundred million yuan, showcasing the rise of Chaoshan youth in the tech sector [1][4]. - Yang Zhilin, a Tsinghua University graduate, created the popular AI model Kimi, attracting interest from major venture capital firms and tech giants [1][7]. Group 2: Educational Background and Career Paths - Lu Ce Wu, born in 1982, has an impressive academic background, including degrees from multiple prestigious institutions and postdoctoral research at Stanford University [6]. - Yang Zhilin excelled academically, winning competitions and graduating at the top of his class from Tsinghua University before pursuing further studies in the U.S. [7]. - Zhang Junbin founded Yunji Intelligent while studying in Shenzhen, demonstrating a strong interest in robotics from a young age [7][8]. Group 3: Changing Perceptions of Chaoshan Entrepreneurs - Historically, Chaoshan entrepreneurs were viewed as less educated and primarily focused on traditional business practices, but this perception is shifting as younger, highly educated individuals emerge [10][11]. - The article emphasizes that the new generation of Chaoshan entrepreneurs is characterized by a willingness to innovate and embrace technology, contrasting with the traditional "grassroots" image [14][15]. - The success of individuals like Huang Yuanhao, who founded a leading 3D perception chip company, exemplifies the changing landscape of entrepreneurship in the region [14]. Group 4: Impact of Cultural and Economic Shifts - The article notes that the traditional entrepreneurial spirit of Chaoshan, rooted in hard work and risk-taking, is evolving as the region adapts to modern technological advancements [10][12]. - The rise of tech-focused education in Chaoshan, with many students gaining admission to top universities, is contributing to the development of a new wave of entrepreneurs [12][15]. - Recent trends indicate a resurgence of interest in local entrepreneurship, with young Chaoshan individuals considering returning to their hometowns to start businesses [15].

实名提名，综合标准全面考量 本次「投资界 TOP1 0 0 」投资人将实行提名制，同时结合投资人自荐以及推荐候选人进 行评定 ， 活跃在中国境内股权投资市场的投资人均可参与 报 名 。 候选人应为机构合 伙人、总经理或其他同等职位，且填报的案例必须为该投资人在相关机构以合伙人、总 经理或其他同等职务参与投资的项目，天使投资人可使用个人投资案例进行 报名 。 如约而至，2 0 2 5「投资界TOP100」投资人正式启动，记录创投风云人物。 中国创投正经历着一场深刻变迁。清科研究中心数据显示，2 0 2 4年中国股权投资市场整 体延续下滑态势，但回暖迹象初现——新募集基金规模1.44万亿元，投资案例数共8 , 4 0 8 起，降幅均进一步收窄。同时，退出被提到前所未有的重要位置。 所有人都在等待拐点。今年以来，De e pSe e k的爆红带来一场久违振奋，中国AI正在改写 全球产业格局。放眼望去，人民币基金和美元基金交替转换，国资力量扮演愈发重要角 色，AI与出海成为时代主题，中国创投悄然驶向新质生产力时代。 值此历史节点，2 0 2 5「投资界TOP100」投资人今日正式启动，并将于"第十九届中国基 金合伙人 ...

"去美元化"。 作者 | 欧阳晓红 来源 | 经济观察报 以下文章来源于经济观察报 ，作者欧阳晓红 经济观察报 . 经济观察报是专注于财经新闻与经济分析的全国性综合财经类媒体，创办于2001年。聚焦商道、商技和 商机，以锐度、悦度、广度、深度的报道形成了权威的媒体公信力和影响力。 （ID：eeo-com-cn） 黄金不说话，但已加速金融化。 一个前所未有的"黄金时代"悄然而至，全球央行、华尔街投行乃至个体投资者都在蜂拥 购金。 黄金加速金融化的背后是货币秩序重构下的投资新逻辑。 过去数十年间，以美元为核心的国际货币秩序主导着全球经济与金融市场的运行规律。 但随着近期全球政治经济形势的变化，"去美元化"趋势愈发凸显，黄金正以极强的价格 韧性进入全球投资视野：它既是资产配置的锚点，也是未来货币体系的候补角色。 世 界 黄 金 协 会 最 新 数 据 显 示 ， 2025 年 一 季 度 ， 全 球 黄 金 需 求 同 比 增 长 1% ， 至 1206 吨，为2016年以来的最高一季度水平。其中，黄金ETF（交易型开放式证券投资基金） 资金流入大幅回升。 2025年一季度，我国增持黄金12.75吨。截至3月底，我 ...

米哈游掌门人。 作者 I 杨继云 报道 I 投资界PEdaily 那是2 0 23年4月，上海交通大学校庆活动上，红杉中国沈南鹏与米哈游刘伟进行了一场难 得的对话。 当天，刘伟分享了米哈游一路走来的创业体会，期间感性地说到：唯有热爱和信仰才能穿 越低谷。 这场对话的6个月后，米哈游原法人和董事长蔡浩宇宣布卸任，交由刘伟接任。在此之前 提起米哈游，外界似乎更熟知蔡浩宇。直至这次交棒，刘伟开始愈发密集出现在公众视野 里。 不 久 前 ， 刘 伟 回 到 母 校 带 来 一 场 分 享 ， 现 场 氛 围 轻 松 ， 甚 至 大 方 聊 起 米 哈 游 的 分 家 传 闻："我们确实分手了，他（蔡浩宇）干他的，我干我的。"当中，不少有趣故事片段也 与投资存在千丝万缕的联系。 "大伟哥"何以炼成 时间回到2011年，蔡浩宇、刘伟、罗宇皓喊出"技术宅拯救世界"，米哈游从上海交大一 间宿舍起航。 刘伟甚至在爆火的《原神》中有自己代表形象——丘丘人是《原神》世界最基础的怪物之 一，米哈游以"大伟哥"的形象定制了一个特殊的丘丘人，脸上有一个"伟"字。 而在米哈游的早期路演视频里，上台拘谨地向评委介绍什么是二次元、什么是技术宅 ...

Core Viewpoint - The concert industry in China is experiencing significant growth, with a notable increase in the number of concerts and ticket sales, reflecting a strong consumer demand for live entertainment [4][6][10]. Group 1: Concert Popularity and Growth - During the recent May Day holiday, 63 concerts were held across major cities in China, indicating a booming concert scene [4][6]. - In 2024, an estimated 29 million people are expected to attend concerts, a 45% increase from 2023, with ticket sales projected to reach 29.636 billion yuan [6][10]. - The number of commercial performances in China reached 342,400 in 2023, with box office revenue of 31.541 billion yuan, significantly surpassing pre-pandemic levels [9][10]. Group 2: Economic Impact of Concerts - Concerts are described as "walking GDP," with every 1 yuan spent on tickets generating approximately 4.8 yuan in surrounding economic activity [17][21]. - For instance, Jay Chou's concert in Haikou attracted 154,600 attendees and generated 976 million yuan in tourism revenue, showcasing the substantial economic benefits of such events [18][21]. - Cities are increasingly leveraging concerts to boost local economies, with some cities implementing incentives to attract more performances [30][32]. Group 3: Audience Demographics and Consumption Patterns - The primary audience for concerts consists of individuals aged 20 to 34, who are the most financially capable and willing to spend on entertainment [21][24]. - A significant portion of concertgoers, 41.7%, have a monthly income between 5,000 and 10,000 yuan, indicating a strong consumer base for the concert industry [22][24]. - Concerts are becoming a staple in annual spending for many, with increasing frequency of attendance among fans [22][24]. Group 4: City Competition and Cultural Tourism - Cities are competing to host concerts, with regions like the Yangtze River Delta and Pearl River Delta leading in the number of performances and ticket sales [14][25]. - The integration of concerts into urban cultural tourism strategies is evident, as cities enhance their appeal to attract both artists and audiences [30][32]. - Successful cities are those that not only attract concerts but also provide excellent services to enhance the visitor experience, turning transient visitors into repeat tourists [32][33].

Core Viewpoint - The article discusses Warren Buffett's recent announcement of his retirement and the implications for Berkshire Hathaway, highlighting the company's record cash reserves and investment strategies as well as Buffett's reflections on life and investing [3][22][24]. Group 1: Buffett's Retirement Announcement - Buffett announced his retirement at the annual shareholder meeting, indicating that this may be his last full participation [3][22]. - Greg Abel has been nominated to succeed Buffett as CEO, with Buffett expressing confidence in Abel's ability to lead the company [22][23]. Group 2: Financial Performance and Strategy - Berkshire Hathaway's cash reserves reached a record high of $347.7 billion, positioning the company for potential investment opportunities [17][20]. - The company has been selling stocks for ten consecutive quarters, with a notable $15 billion in stock sales in the first quarter of this year [17][19]. - Buffett emphasized the importance of patience in investing, stating that one should act decisively when good opportunities arise [8][20]. Group 3: Buffett's Investment Philosophy - Buffett shared insights on investment strategies, including the significance of understanding balance sheets over profit and loss statements [15]. - He highlighted the value of surrounding oneself with successful individuals and the importance of continuous learning through reading [11][14]. - Buffett's approach to market fluctuations is to remain rational and not let emotions dictate investment decisions [6][20]. Group 4: Market Context and Historical Performance - The article notes that Buffett has historically managed to navigate market downturns effectively, often selling before significant declines [20]. - Berkshire Hathaway's annualized return from 1965 to 2024 was reported at 19.9%, significantly outperforming the S&P 500 index [22].