Core Viewpoint - The Jiangsu Provincial Urban Football League (referred to as "Su Chao") has gained significant popularity and sponsorship interest, showcasing its remarkable ability to attract both local and national sponsors, including international brands like Heineken [4][5][12]. Sponsorship Growth - The number of sponsors for Su Chao has surged from 6 to 19, with the official sponsorship seat price rising to 3 million yuan, indicating high demand [3][12]. - Major sponsors include Jiangsu Bank, JD.com, KFC, and Heineken, reflecting a mix of local and national brands [11][12][17]. - The total market capitalization of the listed companies among the sponsors exceeds 4 trillion yuan, highlighting the financial strength behind the league [19][21]. Economic Impact - The league has stimulated local tourism and consumption, with a reported increase of over 48% in visitor numbers to host cities and a 15% rise in tourism spending [29]. - The attendance for matches has set records, with one game attracting over 30,000 spectators, surpassing the average attendance of top-tier leagues [30][31]. Regional Economic Strength - Jiangsu's GDP surpassed 13 trillion yuan in 2024, with all 13 cities in the province ranking among the top 100 in the country, showcasing the region's economic prowess [34][36]. - The economic diversity within Jiangsu, with multiple cities achieving significant GDP milestones, contributes to the league's attractiveness to sponsors [34][35]. Cultural Dynamics - The league reflects the competitive spirit among Jiangsu's cities, with local rivalries and humor contributing to its popularity [8][34]. - The phrase "scattered Jiangsu" encapsulates the regional pride and competitive nature that fuels the league's success [37].

Core Viewpoint - The article highlights the rising demand for healthier cooking oils, particularly focusing on the growth of glycerol diester oils as a healthier alternative in the context of increasing health concerns among the population, especially those with high blood pressure and cholesterol levels [1][3][8]. Company Overview - "Fat Replacement Technology" is a high-tech enterprise established in August 2021, specializing in low-burden oil substitutes, with a focus on high-purity glycerol diester cooking oil that can reduce triglyceride burden by up to 95% [1][2]. - The company has recently completed a Series A financing round exceeding 100 million yuan, led by Shenzhen Capital Group, to build R&D bases and production facilities [1][2]. Market Dynamics - The edible oil industry in China is highly concentrated, with major players like Yihai Kerry (Golden Dragon Fish), Shandong Luhua, and COFCO controlling over 50% of the market share, while foreign giants dominate over 75% of the supply chain [2][3]. - The traditional oil market is primarily dominated by soybean oil, rapeseed oil, and peanut oil, but there is a growing trend towards healthier, high-end oils driven by consumer health awareness [3][4]. Product Development - The company has developed a full-chain closed loop from R&D to production and sales, with its "Qingyun" brand glycerol diester oil achieving over one million bottles sold and sales exceeding 100 million yuan, making it the top seller in its category [2][3]. - Glycerol diester oil, as a functional oil, is projected to capture a significant market share, with expectations of reaching a market size of over 15 billion yuan by 2025, growing at a compound annual growth rate of 10%-15% [3][4]. Technological Advancements - The company has made significant advancements in bio-enzymatic technology for oil health upgrades and fat replacement, which has allowed for the production of glycerol diester oil at a lower cost, making it more accessible to consumers [5][6]. - The use of domestic enzymes has reduced production costs by 70%, enabling the company to scale up production and compete with traditional oils [5][6]. Consumer Trends - The average daily cooking oil consumption in China is 80.27g, significantly exceeding the recommended amount, leading to a rise in "three highs" (hypertension, high blood sugar, high cholesterol) among the population [3][6]. - The company targets various consumer segments, offering different purity levels of glycerol diester oil at competitive prices, making it appealing to health-conscious consumers [6][7]. Industry Outlook - The industry is witnessing a shift as major oil companies begin to recognize the potential of glycerol diester oils, with over 20 companies releasing standards for this product category [6][7]. - The company aims to continue focusing on low-burden healthy oils, enhancing its technological research and product innovation while educating the market about the benefits of functional oils [7][8].

Group 1 - PPIO, a leading independent distributed cloud computing service provider in China, submitted its listing application to the Hong Kong Stock Exchange on June 20, with joint sponsors being ICBC International and Shenwan Hongyuan Hong Kong [3] - Beijing Extreme Intelligence Technology submitted its listing documents to the Hong Kong Stock Exchange on June 22, with Morgan Stanley and CICC as joint sponsors [4] - Lens Technology also submitted its listing documents to the Hong Kong Stock Exchange [5] - Changle Holdings Limited submitted its listing documents to the Hong Kong Stock Exchange [6] Group 2 - The Inner Mongolia authorities established a joint working group to investigate the situation regarding actress Na Er Na Xi, following public concern [7][8] - Na Er Na Xi, born in December 1989, allegedly participated in the college entrance examination in 2008 under false pretenses, as she did not have the required school attendance or student status [8] - The investigation into the establishment of the Shanghai Theatre Academy's Inner Mongolia training program is ongoing [9] Group 3 - Xiaomi responded to allegations that a sales representative disparaged other brands while discussing the Xiaomi YU7, confirming that the involved individual was not an employee and that such behavior is strictly prohibited [10] - GAC Group's chairman addressed rumors regarding financial instability, stating that the company's asset-liability ratio is only 47.6%, indicating a strong financial structure [10] Group 4 - The cross-border payment system officially launched on June 22, allowing real-time remittances between residents of mainland China and Hong Kong [17] - Japan's government announced an emergency import of rice due to a significant reduction in its rice reserves, which have dropped to 150,000 tons [19] Group 5 - Meta has been aggressively recruiting AI talent, having contacted over 200 core researchers from OpenAI and Google DeepMind, offering competitive compensation packages [21][22] - Huawei's HDC 2025 introduced the ASCF framework for developing services within the HarmonyOS ecosystem [22]

Core Viewpoint - The article highlights various companies' strategic expansions and innovations in international markets, particularly focusing on Southeast Asia and the Middle East, showcasing significant growth opportunities in these regions [3][4][5]. Group 1: Company Expansions - LoBo Fast Run plans to enter the Southeast Asian market by the end of 2025, focusing on Singapore and Malaysia for its autonomous taxi services [8]. - Transsion Holdings is reportedly exploring the two-wheeler electric vehicle market, having incubated this project for nearly three years, primarily targeting Africa and South Asia [8]. - JD Logistics has launched a new B2C express delivery brand, JoyExpress, in Saudi Arabia, enhancing local e-commerce logistics [9]. - Geely Automobile has signed a joint venture agreement with Renault to strengthen its market presence in Brazil [11]. Group 2: Market Opportunities - The Chinese cross-border e-commerce export scale has surpassed 2 trillion yuan, indicating a 16.9% year-on-year growth [15]. - The short drama market in China has seen explosive growth, with the market size reaching 50.5 billion yuan, surpassing annual box office revenue for films [18]. - China's industrial robot exports have increased by 55.4% in the first five months of the year, reflecting a growing demand for high-end and customized products [19]. Group 3: Financing and Investments - Yushun Technology has completed a C-round financing, with a valuation exceeding 10 billion yuan, indicating strong investor confidence [20]. - UniUni has raised over $70 million in D1 round financing to enhance its logistics capabilities in North America [20]. - EHang Intelligent has secured significant funding to expand its urban air mobility services in Europe and Latin America [11].

Core Viewpoint - The Chinese consumer market is undergoing a transformation from "quantity" to "quality," with the emergence of globally influential super brands expected in the next decade [1][19]. Group 1: Brand Evolution and Market Dynamics - Chinese brands are accelerating their presence on the global stage, exemplified by the success of "Black Myth: Wukong" in the gaming market, showcasing Eastern mythology [2]. - The release of the DeepSeek R1 reasoning model has redefined the commercialization of AI technology, highlighting the importance of innovation in brand development [3]. - Cultural consumption is thriving, with "Nezha 2" achieving a box office record of 15.9 billion yuan, ranking fifth in global film history, indicating a successful breakthrough for Chinese culture in the global market [4]. - The rise of brands like Pop Mart's LABUBU demonstrates the strong appeal of Chinese cultural creative products, attracting global attention [4]. Group 2: Historical Context and Brand Strategy - The evolution of brands reflects a continuous negotiation between commercial logic and consumer demand, with historical examples like Coca-Cola and McDonald's illustrating the importance of brand identity [6][7]. - The shift in consumer needs from survival to emotional satisfaction has transformed brand meanings, as seen with Nike and Starbucks redefining their products as lifestyle symbols [8]. Group 3: Challenges and Opportunities for Chinese Brands - Despite the rapid growth of domestic brands, many still rely on short-term strategies, facing challenges such as market noise and a lack of standards for consumer decision-making [16][17]. - The international recognition and premium pricing of Chinese brands remain insufficient, necessitating a strategic shift from "traffic operation" to "value construction" [9][18]. - The "Brand from China" initiative aims to identify and empower brands with long-term growth potential, moving beyond the "internet celebrity" status to establish a sustainable global presence [18][19]. Group 4: Evaluation and Selection Process - The "Future Super Brand" evaluation focuses on identifying brands with comprehensive value, market share, and innovation capabilities, using both quantitative and qualitative metrics [24][25]. - Categories for evaluation include "Influential Brands," "New Force Brands," "Technology Innovation Brands," and others, emphasizing the importance of cultural resonance and user loyalty [18][29].

Core Viewpoint - The acquisition of 49% stake in Scale AI by Meta signifies a major shift in the AI landscape, indicating a transition from vertical specialization to integrated fusion of data, algorithms, and computing power [3][29]. Group 1: Acquisition Details - Meta announced the acquisition of 49% of Scale AI for $14.3 billion, valuing Scale AI at $29 billion, which is relatively modest compared to other tech acquisitions [6][29]. - Alexandr Wang, the founder and CEO of Scale AI, will join Meta to lead its AI business [4][6]. Group 2: Industry Context - The AI industry is currently dominated by companies like OpenAI and Nvidia, but the acquisition suggests that competition will intensify across all sectors [7][29]. - Data annotation, the primary business of Scale AI, is crucial for training AI models, particularly in applications like autonomous driving [9][10]. Group 3: Labor Dynamics - Scale AI employs a global network of over 240,000 registered workers for data annotation, with a significant presence in developing countries [18][21]. - The labor market for data annotation is characterized by low wages and long hours, leading to scrutiny from labor organizations [16][21]. Group 4: Market Positioning - Scale AI's market position is weaker compared to algorithm and hardware companies, with significant valuation disparities; for instance, OpenAI's valuation is $300 billion, while Scale AI's is only $29 billion [22][28]. - The data annotation market is fragmented, lacking the unique competitive advantages seen in algorithm and hardware sectors [27][28]. Group 5: Future Implications - The acquisition may lead to a reconfiguration of data supply chains, as other AI giants may reconsider their partnerships with data service providers like Scale AI [29][30]. - As the integration of data, algorithms, and computing power deepens, traditional views on the importance of computing power may be challenged [30][31].

Core Viewpoint - The A-share market is experiencing limited upward elasticity, and investors need to remain cautious due to internal and external pressures leading to short-term adjustments [3][11]. Market Performance - During the week of June 16-20, the A-share market showed a slight decline, with the Shanghai Composite Index down by 0.51% to close at 3360 points, and the Wind All A Index down by 1.07% [4]. - Among the 31 primary industries, only the banking and telecommunications sectors saw gains, while sectors like beauty care, textiles, pharmaceuticals, non-ferrous metals, and social services faced significant declines [5]. - The Hong Kong market mirrored the A-share performance, with the Hang Seng Index down 1.52% and the Hang Seng Technology Index down 2.03% [5]. Economic Data and Trends - Recent macroeconomic data indicates a decline in fiscal revenue and expenditure for the first five months of the year, attributed to factors such as falling PPI and a slowdown in land sales [7][9]. - Manufacturing investment grew by 8.5%, while infrastructure investment was at 5.6%, contrasting with a 10.7% decline in real estate investment [9]. - Retail sales for the same period increased by 6.4%, driven by initiatives like trade-in programs and tourism [10]. External Influences - Ongoing international issues, including U.S.-China trade negotiations and geopolitical tensions in the Middle East, are affecting investor sentiment and market performance [10]. - The upcoming policy window in July is critical, with expectations for potential tariff adjustments and trade discussions [10]. Future Outlook - Despite concerns over domestic demand resilience, there is a high expectation for policies to stabilize the capital market, suggesting that while short-term adjustments may occur, significant declines are unlikely [11]. - The combination of monetary and fiscal policies is essential for economic strength, with a potential fiscal stimulus expected post-August [13]. - In the current market environment, defensive stocks, particularly those with solid fundamentals in the new consumption sector, are favored, while technology stocks with performance metrics are also seen as attractive [15].

Core Viewpoint - The article emphasizes the transition from traditional AI to AI Agents, highlighting the potential of AI to become proactive executors rather than passive responders, which is expected to reshape work patterns and human-computer interaction [2][3][4]. Group 1: AI Agent Development - By 2025, the AI Agent market is projected to reach 480 billion yuan, indicating significant growth and competition for dominance in the "intelligent future" [3]. - The evolution from conversational AI to AI Agents signifies a shift towards systems that can autonomously perceive tasks, plan, and execute actions [2][3]. - The introduction of AI Agents is expected to redefine user interaction with services, moving from a model where users search for services to one where services proactively reach users based on their intentions [9][10]. Group 2: Smart Assistant Features - The AI assistant, referred to as "Xiao Yi," integrates over 4,000 AI capabilities and supports more than 300 applications, showcasing its versatility across various tasks [10][12]. - Xiao Yi operates as a system-level intelligent agent, capable of cross-device collaboration, enhancing user experience by providing seamless service delivery [12][14]. - The intent framework allows developers to simplify service integration, enabling users to enjoy a consistent and intelligent service experience across multiple devices [14]. Group 3: Meta Services - Meta services are described as innovative service forms that differ from traditional apps, offering lightweight, cross-device functionality without installation [18][19]. - These services help developers capture fragmented user attention, providing a new avenue for traffic growth within the Harmony ecosystem [19][22]. - The ease of access and integration of meta services has led to significant user growth for developers, exemplified by case studies showing up to 10 times user increases in a short period [22][23]. Group 4: AppGallery Evolution - AppGallery is evolving from a traditional app store to a curated platform, enhancing user trust through content safety and privacy management [25][26]. - The introduction of editorial curation aims to provide a more personalized and engaging user experience, helping developers gain visibility for their applications [27][30]. - The editorial recommendations have led to substantial increases in app downloads, demonstrating the effectiveness of this new distribution model [31][34]. Group 5: Harmony Ecosystem Growth - The Harmony ecosystem is positioned as a growth engine, with over 30,000 applications and meta services in development, indicating a robust expansion [38]. - The collaboration between developers and the ecosystem is breaking the traditional barriers, fostering a more integrated and user-friendly environment [38]. - The ongoing evolution of Harmony's intelligent features, such as Xiao Yi and meta services, is paving the way for a more intelligent future [38].

Core Viewpoint - The article discusses the unconventional decision of a mother, Camila, to support her daughter in taking a break from school due to severe mental health issues, highlighting the challenges and societal pressures surrounding education and parenting [4][5][6]. Group 1: Background and Context - Camila's daughter, Xiao En, faced significant academic pressure and social challenges, leading to mental health issues such as moderate depression and anxiety [5][14][19]. - The decision to stop schooling was framed as a last resort after nearly a year of struggling with the daughter's deteriorating mental state [6][11]. Group 2: The Decision to Stop Schooling - The choice to allow Xiao En to take a break from school was seen as a radical and countercultural move, challenging traditional views on education [4][7]. - After stopping school, the mother and daughter traveled to Chiang Mai, where they engaged in various activities to help Xiao En reconnect with herself and others [9][25]. Group 3: Seeking Help and Community Response - Camila shared their story on social media, receiving a mix of criticism and support, which highlighted the societal divide on educational choices [11][30]. - The video garnered millions of views and comments, connecting them with others who faced similar challenges, providing both comfort and advice [11][31]. Group 4: Exploring New Paths - The article emphasizes the ongoing search for alternative educational paths, including self-study and art schools, as traditional schooling options became unavailable [28][30]. - Camila's reflections on societal expectations regarding education reveal a struggle to reconcile her values with her daughter's needs [28][34]. Group 5: Emotional and Psychological Journey - The emotional toll on both Camila and Xiao En is evident, as they navigate feelings of guilt, confusion, and the desire for a fulfilling life outside conventional education [12][23][34]. - The narrative illustrates the gradual process of letting go of ingrained beliefs about education and embracing a new, less conventional approach to learning and personal growth [34][35].

这里是 「 萌宠寻人启事 」 第142期。 据不完全统计，中国每年新增上千万只流浪动物。由于缺少稳定环境、充足的食物与水源，它们的寿命一般不超过3年。 为了帮助它们更快找到新家，36氪发起公益活动 「 萌宠寻人启事 」 ，每周定期推出待领养流浪动物的信息 。 如需传播支援，欢迎流浪动物救助机构/救助站/送养者邮件联络我们：wangxue@36kr.com。 领养代替购买。领它回家。 封面来源 ｜ unsplash 这一期，我们为大家带来了五只来自北京的狗狗。如果身在北京的你对它们感兴趣，并且符合基本的领养条件，欢迎添加相关联系人，询问领养事宜。 本期我们的合作伙伴是「流浪拯救计划」——一个专注于流浪动物领养的社会项目。 基本信息： 未绝育/已注射疫苗/已驱虫 性格特征： 温和安静，非常聪明，对小朋友老人都非常友好。 救助故事： 被遗弃在小区外面的三姐妹之一，北京雨夹雪的那天，救助人去喂它们的时候被拿着棍子的可疑男人尾随，所以当天立刻救助起来安顿到了寄 养小院。 领养条件： 北京本地领养；有稳定居所和收入；签订领养协议；留身份证照片；视频家访、领养后回访；科学喂养、按时免疫驱虫。 基本信息： 未绝育/注射一针疫 ...