以下文章来源于浪潮工作室 ，作者浪潮工作室 浪潮工作室 . 网易旗下栏目，给你另一种看世界的角度和态度 中国大学，男女比例大反转。 文 ｜ 飞刀 编辑 ｜ 小羊 周周 飞刀 来源｜ 浪潮工作室（ID： WelleStudio163） 封面来源 ｜ Pexels 一年一度的毕业季即将到来，忙活大半年产出"学术垃圾"的大学生们，站在讲台上故作镇定地老实听骂。结束答辩高喊"Dobby is free"，伴随学弟学妹羡慕 的围观，校园里随处可见大家三三两两拍照留念的身影。 无论在台上接受考验，还是举起剪刀手"咔嚓"不停的学生群体中，女生的数量都不在少数。这样的现象，即使你走进教室、在图书馆打转、或是深入各大社 团内部，也同样如此。 大学男生减少，是世界性的趋势 （这是）21世纪最奇特和最深刻的变革，甚至还不止于此，因为它几乎以类似的方式出现在全世界 [1] 。——汉娜·罗辛 曾经的大学，是男生"垄断"的领地。放眼整个校园，从课堂学习到娱乐活动，从教室到操场，男生为主角，几乎是一条不言自明的铁律。 1848年，伊丽莎白·卡迪·斯坦顿宣读《情感宣言》，要求女性获得接受大学教育的机会 [3] 。14年后，美国联邦政府通过《 ...

Core Insights - The article discusses the ongoing investment trend in embodied intelligence, highlighting the upcoming financing round for ZhiYuan Robotics, which includes participation from JD.com and the Shanghai Embodied Intelligence Fund [4][6]. Group 1: Investment Landscape - ZhiYuan Robotics is set to complete a new financing round, with investors including JD.com and the Shanghai Embodied Intelligence Fund, which was established in April 2025 [4]. - The previous financing round for ZhiYuan Robotics occurred on March 24, 2025, led by Tencent, with participation from various industry players and existing shareholders [4]. - The domestic humanoid robot sector has seen a surge in financing, with 37 financing events involving 33 companies and a total amount of approximately 3.5 billion yuan in the first quarter of 2025 [6]. Group 2: Company Overview - ZhiYuan Robotics was founded in 2023 and has quickly become a leading player in the embodied intelligence sector, alongside YuShu Technology and Galaxy General [4]. - The company has launched its first humanoid robot, the Expedition A1, and plans to release the second generation, A2, in August 2024 [6]. - ZhiYuan Robotics has established three product lines: Expedition, Elf, and Lingxi, covering various applications such as education, factory automation, and hospitality [6]. Group 3: Strategic Moves by JD.com - JD.com has a vested interest in the embodied intelligence sector due to its e-commerce and logistics operations, having previously invested in service robot developer Xianglu Technology [7]. - The company has been actively developing AI hardware and software, launching the Yanxi large model in 2023 and creating various AI applications for industry use [7][8]. - In 2025, JD.com is accelerating its embodied intelligence strategy by establishing a dedicated business unit focused on smart product development for home use [8].

Core Viewpoint - The article discusses the ongoing issues with scalpers at Beijing SKP, a luxury department store, highlighting the dynamics between scalpers, customers, and the store's management, as well as the impact of promotional strategies on scalper activities [3][9][36]. Group 1: Scalper Activities - Scalpers, such as "Fa Fa," have been operating at SKP, with some making significant profits, like 300,000 yuan in sales [3][5]. - The presence of security has increased, leading to scalpers being escorted out and required to sign agreements to cease disruptive activities [5][6]. - Conflicts among scalpers have risen, with reports of physical altercations occurring in front of the store [6][8][32]. Group 2: Customer Experience - Customers have expressed frustration with the chaotic shopping environment, particularly during promotional events, where scalpers dominate the space, leading to long wait times and dissatisfaction [8][21]. - The promotional strategies of SKP, such as point redemption systems, have created a "consumption trap," pushing customers to rely on scalpers for discounts [12][13]. Group 3: SKP's Business Model - SKP has introduced complex promotional policies, including a tiered point redemption system that incentivizes high spending, which scalpers exploit to offer discounts to customers [11][12][14]. - The store has historically been a leader in luxury retail, with sales exceeding 10 billion yuan in a single day, but is now facing challenges as competition increases [11][36]. Group 4: Changes and Future Outlook - Recent changes in SKP's promotional policies, including adjustments to large customer incentives, suggest a targeted approach to curb scalper activities [36]. - The impending acquisition of a significant stake in SKP by a private equity firm indicates potential shifts in management and strategy, which could further impact scalper dynamics [36][37].

Group 1: Harvard University Response - Harvard University criticized the U.S. government's decision to revoke its ability to enroll international students as "illegal and harmful," stating it could severely damage the university's academic and research mission [3] Group 2: Weir Shares - Weir Shares announced plans to issue overseas listed shares (H-shares) and list on the Hong Kong Stock Exchange to accelerate its international strategy and enhance overseas financing capabilities [2] Group 3: National Medical Insurance Administration - The National Medical Insurance Administration announced price regulations for radiological examination services, with 22 provinces implementing specific pricing plans, including significant reductions for PET/CT scans [5] Group 4: Nike Price Increase - Nike plans to raise prices on various products, including footwear and apparel, by $2 to $10, due to the impact of the trade war [6] Group 5: Apple Smart Glasses - Apple is set to launch its first smart glasses in 2026, which will feature a camera, microphone, and speaker, allowing for external world analysis and interaction through Siri [6] Group 6: Microsoft Activision Blizzard Acquisition - The FTC has officially withdrawn its antitrust lawsuit against Microsoft's $68.7 billion acquisition of Activision Blizzard, marking the end of nearly two years of legal disputes [9][10] Group 7: Miniso Financial Performance - Miniso reported Q1 2025 revenue of 4.43 billion yuan, a 19% year-over-year increase, with a gross margin of 44.2%, the highest for a first quarter [15] Group 8: Tongcheng Travel Financial Performance - Tongcheng Travel's Q1 revenue reached 4.377 billion yuan, a 13.2% increase year-over-year, with adjusted EBITDA growing by 41.3% [16][17]

以下文章来源于财经杂志 ，作者金焱 财经杂志 . 但多数人坦言，美国作为言论自由和学术开放支柱的形象，已在他们心中褪色。 文 ｜ 金焱 编辑 ｜ 苏琦 来源｜ 财经杂志（ID： i-caijing） 封面来源 ｜ IC photo 《财经》杂志官方微信。《财经》杂志由中国证券市场研究中心主办，1998年创刊，秉承"独立、独家、独到"的新闻理念，以权威性、公正性、专业性报 道见长，是政经学界决策者、研究者、管理者的必读刊物。 特朗普政府5月22日周四中止了哈佛大学招收国际学生的资格。特朗普政府通知这所曾培养出162名诺贝尔奖获得者的哈佛大学，禁止其招收国际学生。美 国政府撤销了哈佛大学的学生与交流访问学者项目（SEVP）认证，意味着该校今后不得再招收外国学生。美国国土安全部长克里斯蒂·诺姆（Kristi Noem）在致哈佛大学的一封信中写道："我在此通知您，自即日起，哈佛大学的学生与交流访问学者项目（SEVP）认证被撤销。" 学生与交流访问学者项目（SEVP）认证，对于任何希望招收持有F类或J类非移民签证的国际学生的美国高等教育机构而言，都是不可或缺的法定资质。 没有此项认证，哈佛大学便无法为2025-2026 ...

Core Viewpoint - The aggressive expansion strategy of the company "遇见小面" has led to significant revenue growth, but it has also resulted in declining operational efficiency and rising debt levels, raising concerns about its long-term profitability and sustainability [4][18][25]. Group 1: Company Performance - "遇见小面" has experienced rapid expansion, increasing its number of stores from 170 to 360 between 2022 and 2024, with a compound annual growth rate (CAGR) of 45.5% [3][11]. - The company's revenue grew nearly threefold from 420 million RMB in 2022 to 1.15 billion RMB in 2024, with an average annual growth rate of 66.2% [7][9]. - Despite achieving profitability in 2023, the net profit margin decreased from 5.7% in 2023 to 5.3% in 2024, indicating a decline in profit efficiency [20][23]. Group 2: Operational Efficiency - The average daily revenue per store showed minimal growth, with a CAGR of only 2.4%, and a decline of 10.6% in 2024 compared to 2023 [11][13]. - The company’s same-store sales decreased by 4.2% in 2024, reflecting a drop in operational efficiency despite the increase in store numbers [18][24]. - The average order value has declined from 36.1 RMB in 2022 to 32 RMB in 2024, attributed to price competition in the industry [17][18]. Group 3: Financial Health - The company's debt levels have risen sharply, with an asset-liability ratio hovering around 90%, indicating high financial leverage [26][30]. - Over 70% of the company's liabilities are lease-related, contributing to a heavy asset structure that impacts financial stability [28][30]. - The company’s cash assets barely cover its short-term liabilities, raising concerns about liquidity and operational sustainability [29][36]. Group 4: Market Position and Future Outlook - The company plans to open 120-250 new stores annually from 2025 to 2027, but faces challenges in achieving this aggressive growth due to market saturation and competition [35][39]. - The profitability of franchise stores is significantly lower than that of company-owned stores, which may hinder expansion into lower-tier markets [37][38]. - The recent decision to distribute a substantial dividend before the IPO has raised questions about the company's financial prudence and long-term strategy [40][42].

以下文章来源于日经中文网 ，作者日经中文网 日经中文网 . 编制日经指数的《日本经济新闻》的中文版。提供日本、中国、欧美财经金融信息、商务、企业、高科技报道、评论和专栏。 "中国之所以强硬，是因为中国从第一次特朗普政府的贸易战以来，历经七年推进了相关准备，核心是推动经济结构转型，打造没有美国 也能生存的经济。2018年至今新增出口额超过1万亿美元，相当于中国每年对美出口额的两倍……" 文 丨桃井裕理 来源｜ 日经中文网（ID：rijingzhongwenwang） 封面来源 ｜ Unsplash 特朗普政府于美国东部时间14日凌晨0点1分（北京时间下午12点1分）将对中国的追加关税从145%下调了115%。对800美元以下 的小额货物征收120%的关税或每件100美元的关税，也一并降至54%。面对中国的反制，美国并未再反击，而是退让了。 美国对中国的追加关税目前是10%的基础对等关税税率，再加上之前以打击非法药品为名设定的20%，总共为30%。 特朗普于4月2日宣布对中国征收34%的对等关税，中国则采取了全面抗争的姿态而非谈判解决。美国将对等关税提高至84%、 125%，中国就以相同水平回应，最终美方对中方的 ...

Core Viewpoint - The article highlights the significant growth and expansion of Mixue Group, showcasing its market value, financial performance, and strategic plans for future growth, particularly in international markets [6][14][15]. Market Value and Performance - Mixue Group's market value has surpassed HKD 200 billion, with a stock price reaching HKD 555, indicating a doubling of market value within three months of its listing [7][15]. - As of May 23, the stock experienced a slight decline of 1.40%, closing at HKD 528, with a trading volume of 317,700 shares and a market capitalization of HKD 200.44 billion [4][5]. Store Expansion - By the end of 2024, Mixue Group plans to have a total of 46,500 stores globally, with a net increase of nearly 9,000 stores annually, and 57.4% of these located in third-tier cities and below [7][15]. - The company is opening an average of 24 new stores daily, demonstrating its rapid expansion capabilities [7]. Financial Performance - For 2024, Mixue Group is projected to achieve a revenue of CNY 24.83 billion and a net profit of CNY 4.45 billion, with a gross margin of 32.5%, indicating strong profitability [7][15]. International Expansion - The company has established 4,895 overseas stores across 12 countries, with retail sales growing at an annual rate exceeding 20%, reflecting its competitive edge in international markets [7][15]. Investment Plans - Mixue Group plans to invest in supply chain facilities in Brazil over the next 3-5 years, indicating a strategic move to enhance its operational capabilities and market presence [7][15]. Public Sentiment Analysis - As of May 23, there were 868 pieces of online sentiment data related to Mixue Group, with 65% being positive, indicating a favorable public perception [9][11]. Communication Channels - The primary communication channel for the event was WeChat, accounting for 14.17% of the total dissemination [11].

Core Viewpoint - The fourth season of "Love, Death & Robots" has received significant criticism, with a low rating of 4.8 on Douban, indicating a sharp decline in quality compared to previous seasons, which were regarded as benchmarks in animation and sci-fi storytelling [3][6][24]. Group 1: Quality and Reception - The series has been described as having lost its narrative depth and creativity, with many episodes lacking substantial content and relying on recycled ideas [9][20]. - The first episode, directed by David Fincher, has been criticized for its lack of meaningful content, receiving a low IMDb rating of 4.3, marking a new low for the series [8][11]. - The overall trend in the fourth season shows a shift towards superficial entertainment, with a focus on visual spectacle rather than storytelling [11][20]. Group 2: Industry Implications - The decline of "Love, Death & Robots" serves as a warning for the global content industry, highlighting the creative stagnation and existential crisis brought on by AI and content oversaturation [6][24]. - The series' initial success set a precedent for animated anthology series, influencing projects like "Chinese Fantasy" and others, but the current season's failure raises questions about the sustainability of such formats [22][24]. - The challenges faced by "Love, Death & Robots" reflect broader issues in the sci-fi genre, where many series struggle to innovate and engage audiences meaningfully [26][27].

Core Viewpoint - The article discusses the intense competition among Chinese automotive companies for AI talent in the field of assisted driving, highlighting the challenges and strategies involved in talent acquisition and retention [3][5][16]. Group 1: Talent Acquisition and Competition - Automotive companies are increasingly seeking AI talent, similar to tech giants and AI firms, due to the rapid evolution of assisted driving technology [3][6]. - The competition for high-end talent has intensified, with companies like Huawei, Li Auto, and Momenta being the most targeted for talent poaching [3][4]. - Li Auto's CEO mentioned that core team members receive over 20 headhunter calls each, indicating the high demand for skilled professionals [4]. Group 2: Legal and Competitive Strategies - Companies are resorting to non-compete agreements and lawsuits to prevent talent from moving to competitors, which has led to significant legal disputes [4][5]. - Li Auto has pursued legal action against former employees who joined rival companies, with compensation amounts reaching millions [4][5]. - The use of legal measures is a common tactic among automotive firms to safeguard their technological advancements and maintain competitive advantages [5]. Group 3: Technological Evolution and Challenges - The shift from rule-based systems to "end-to-end" models in assisted driving has created new challenges and opportunities for companies [6][23]. - The emergence of multi-modal large models, such as VLA (Visual-Language-Action), represents a new frontier in assisted driving technology [6][25]. - Companies like Li Auto are exploring various technical routes, including city NOA solutions and new generation models, to enhance their competitive edge [9][10]. Group 4: Industry Dynamics and Future Outlook - The assisted driving sector is witnessing a shift in power dynamics, with traditional automakers like BYD and Geely ramping up their self-research efforts while also leveraging external suppliers [16][18]. - The article emphasizes that while some companies may achieve quick results through talent poaching, true innovation requires original thinking and foresight [26]. - The ongoing evolution of assisted driving technology necessitates continuous adaptation and exploration by automotive firms to remain competitive in the market [22][26].