Core Viewpoint - The conference emphasizes the emergence of a new era in investment and entrepreneurship, driven by the rise of younger generations and their potential to disrupt established industries [3][6]. Group 1: Conference Overview - The 36Kr WAVES New Wave 2025 conference was held in Hangzhou, focusing on themes such as AI innovation, globalization, and value reassessment [2]. - The event gathered top investors, emerging entrepreneurs, and scholars to discuss the future of China's venture capital landscape [2]. Group 2: Key Insights from Speakers - 36Kr CEO Feng Dagang highlighted that the new cycle starting in 2025 centers around the "rise of new generational power," suggesting that young entrepreneurs can break through barriers set by industry giants [3][6]. - Li Wei, founder of Songhe Capital, called for government support for technology and innovation, advocating for a market-driven approach where both profits and losses are accepted [3][9]. - Notable investors from firms like ZhenFund, Zhongding Capital, and Sequoia China shared their insights on industry trends and the importance of supporting innovative startups [3]. Group 3: Investment Philosophy - Investors emphasized the need to look beyond single technology points and consider industry ecosystems, competitive landscapes, and changing demands [3][14]. - The importance of patience in investment strategies was highlighted, especially in the face of market volatility [3][19]. - The necessity for entrepreneurs to focus on product strength and long-term planning was stressed, with a belief that consumers will ultimately pay for quality [3][18]. Group 4: Market Trends and Opportunities - There are signs of market recovery, with some investors noting a resurgence in certain projects [3][23]. - The AI wave is seen as a significant opportunity, with many believing that the best is yet to come in terms of innovation and market potential [3][51]. - The need for a practical approach to entrepreneurship was emphasized, with a focus on real-world applications and user needs [3][80]. Group 5: Globalization and Market Expansion - The conference discussed the importance of globalization in investment, with a belief that resilient entrepreneurs will drive international success [3][106]. - The necessity for companies to adapt their products to local markets rather than imposing pre-existing solutions was highlighted [3][107]. - The future of cross-border e-commerce was discussed, emphasizing the need for efficiency and cost-effectiveness in operations [3][129]. Group 6: AI and Technological Advancements - The potential of AI to revolutionize various industries was a recurring theme, with many speakers discussing its transformative impact [3][86]. - The importance of understanding user scenarios and providing continuous support for AI and hardware companies was emphasized [3][66]. - The need for a deep understanding of technology and its applications in real-world scenarios was highlighted as crucial for success in the AI era [3][71].

Core Viewpoint - The article emphasizes the untapped potential of the platform Xianyu, suggesting that human development on it has only reached 1% of its possibilities, with a focus on creative and emotional connections formed through transactions [6][29]. Group 1: User Engagement and Creativity - Users are increasingly utilizing Xianyu for diverse purposes, such as finding rare items, conducting research, and even as a source of inspiration for projects [5][6]. - The platform has seen a significant increase in electronic device rentals, with a 217% year-on-year growth in 2023, indicating a shift towards a sharing economy [9]. - Emotional stories and connections are prevalent, with users sharing personal experiences tied to their transactions, transforming Xianyu into a platform for emotional engagement rather than just a marketplace [10][18]. Group 2: Platform Growth and User Demographics - As of 2024, Xianyu has surpassed 600 million registered users, with over 40% being post-95s, showcasing its appeal to younger demographics [20][25]. - The platform's daily GMV exceeds 1 billion yuan, with over 4 million items listed daily, reflecting its robust activity and user engagement [25]. - Xianyu's monthly active user count is projected to exceed 200 million by March 2025, marking it as the fastest-growing e-commerce app [26]. Group 3: Unique Business Model and Ecosystem - Xianyu operates on a C2C model that fosters social interactions, with an average of 45 messages exchanged per transaction, enhancing trust and community [17][18]. - The platform's weak algorithm intervention allows for a decentralized ecosystem where niche services and products can thrive alongside mainstream offerings [19][20]. - Xianyu is redefining the concept of "idle goods," expanding into new areas such as skill-sharing and non-standard services, thus creating a comprehensive platform for side hustles [27]. Group 4: Cultural Impact and Community Building - A unique culture has emerged on Xianyu, characterized by user-generated language and community norms, distinguishing it from other platforms [15][18]. - The platform encourages users to define their experiences, leading to a co-creation model where users actively shape the ecosystem [22][28]. - Xianyu's ability to blend commerce with storytelling and emotional connections positions it as a revolutionary force in the internet landscape [28][30].

为什么家电家居打新 呈现出非常明显的两极分化？ 2024年，海信曾推出了一款高端电视产品。这款产品被寄予厚望，但实际的销量并没有达到预期。 面对落差，海信内部多次开会复盘。一次会议上，海信视像营销副总经理孙建勋指出了一个尖锐问题：如果卖点展示不能精准解决用户痛点，即使参数再 高，也没有用。 特别是电商平台的新品销售，过去那种习以为常的展示参数策略，如今失效了。会议现场众人面面相觑，很多人还停留在旧经验中。 在复盘了去年高端新品的问题之后，海信重振旗鼓，今年推出又一款高端电视新品E8Q。这款产品创造了海信高端产品首发的纪录，在京东上线28小时就成 为百吋销售TOP1。客单价1万以上的高端电视，一天就实现1400台销售——这个全新的销售纪录远远超出了孙建勋的预期。 同一个品牌的两款新品，销售表现为何相去甚远？ 这是家电家居行业经历迷茫期的一个缩影。最近几年，智能化浪潮给家电家居行业带来的增长红利逐渐消退，很 多 家电家居 品牌在 新品销售上有些心有余 而力不足。 今年，沉寂已久的家电家居行业出现了久违的热闹，各个品牌都在推新品，但局面却是冰火两重天。一些品牌虽然推出了新品，整体表现并不尽如人意，甚 至让整个品牌陷 ...

Core Viewpoint - The luxury car market is experiencing significant price reductions, with brands like BMW and Mercedes-Benz launching cost-cutting models to remain competitive in a changing market landscape [3][11][30]. Group 1: Price Reductions and Market Dynamics - BMW's new 5 Series has seen a drastic price drop, with the base model now priced at approximately 260,000 yuan, down from 430,000 yuan a year and a half ago [9][12]. - The sales of the BMW 5 Series have increased for four consecutive months, with May sales reaching 11,000 units, surpassing competitors like the Mercedes-Benz E-Class [12][19]. - The luxury car segment is facing intense competition, leading to a reduction in quality standards as brands strive to lower costs [13][29]. Group 2: Cost-Cutting Measures - BMW is actively seeking to reduce costs by renegotiating supplier contracts, indicating a shift in focus from quality to price [20][21]. - Mercedes-Benz is also under pressure to cut costs, with a reported 43% decline in net profit in Q1 2025, prompting a reevaluation of supplier partnerships [25][27]. - The luxury brands are now considering local suppliers to reduce costs, which may impact the quality of components traditionally associated with luxury vehicles [24][28]. Group 3: Market Positioning and Consumer Preferences - The luxury car market is increasingly misaligned with consumer demands, as traditional luxury vehicles are primarily designed for European markets rather than adapting to local preferences in China [31][34]. - The rise of domestic brands has intensified competition, forcing luxury brands to rethink their product definitions and market strategies [39][46]. - Consumers in China are shifting towards more practical and comfortable vehicles, such as multi-functional SUVs, which are increasingly favored over traditional luxury sedans [40][42]. Group 4: Future Challenges for Luxury Brands - Luxury brands must adapt to changing consumer preferences and market dynamics to avoid further declines in sales and profitability [44][47]. - The globalized nature of luxury brands presents challenges in balancing a unified brand image with the need to cater to local market demands [47][48]. - The current generation of luxury vehicles, such as the eighth-generation BMW 5 Series, symbolizes the end of an era for traditional luxury cars, highlighting the need for innovation and adaptation [48].

以下文章来源于智商税研究中心 ，作者潘哥 智商税研究中心 . 新能源汽车，空调为何吹臭气？ 文 ｜ 潘哥 编辑 ｜ 大曼 来源｜ 智商税研究中心（ID： gh_c55b3561ece1） 封面来源 ｜ 视觉中国 买来新能源汽车，夏天打开空调后，车内为何弥漫臭气？ 为此，新能源车主、乘客们，有的练习憋气、有的捂住口鼻、有的频频干呕，坐进开着空调的新能源车，很可能体会一场臭味之旅。 新能源汽车，空调为何吹臭气？这似乎因为相比油车，其冷凝水无法及时排出，导致渐渐滋生了霉味儿。 为了解决这一问题，车主们可以先更换清洗滤芯、蒸发器，再在吹风时选择合适模式，最后放入车载香薰等物品，从而让车子保持空气清新。 对于新能源车主来说，车载空调除了容易发臭之外，影响续航也是痛点之一；而对于油车车主来说，开空调时容易一氧化碳中毒，部分车型不支持远程开 空调，同样让他们相当难受。 这样看来，电车油车的空调各有利弊，论战中谁也没有绝对优势；而电车党与油车党，关于空调的隔空论战，也许还会持续很久。 尘世套路深，我替你踩坑。 电车空调变臭了 夏天开车，空调必不可少。 但是，很多新能源车主，每次开空调之前，却都要做一番心理建设。 这是因为，汽 ...

Core Viewpoint - The article discusses the significant changes in higher education in China, particularly the cancellation of traditional majors and the rise of new fields like artificial intelligence and big data, reflecting the evolving job market and educational needs [4][14][16]. Group 1: Major Cancellations and Trends - In 2024, a total of 1,428 academic programs were canceled, and 2,220 programs ceased enrollment, indicating a shift in educational focus [4][6]. - Engineering accounted for 32.84% of the canceled programs, followed by management (18.73%), with other fields like science and arts also seeing significant reductions [6][8]. - The most canceled major was Information Management and Information Systems, with 160 cancellations, followed by Public Administration with 138 [8]. Group 2: Impact on Students - Current students are directly affected by these changes, facing uncertainty and anxiety regarding their future career paths as their majors disappear [9][11]. - Students express feelings of despair and confusion about their professional identities, as seen in the experiences of students from various programs [9][12]. Group 3: Labor Market Dynamics - The labor market is undergoing transformation, with traditional programs failing to meet the evolving demands of employers, particularly in fields like Public Administration [14][15]. - New job roles in AI and digital sectors are emerging, but there is a mismatch between the skills taught in universities and the requirements of these roles [15][16]. - The demand for specialized skills in AI and data management is increasing, leading to the establishment of new programs in these areas [16][23]. Group 4: Future of Disappearing Majors - The cancellation of certain majors does not equate to a lack of demand for related skills; rather, it signifies a shift towards more relevant and specialized fields [18][21]. - The trend indicates that while some traditional fields may decline, the need for skilled professionals in emerging areas remains strong, necessitating continuous skill development [23][24].

Core Viewpoint - Shanghai is experiencing a significant transformation in its commercial landscape, characterized by an oversupply of shopping centers and a decline in consumer spending, leading to many malls being abandoned or underperforming [3][6][98]. Group 1: Commercial Landscape in Shanghai - Shanghai is surrounded by over 400 shopping centers, with a ratio of one large shopping center for every 80,000 people, compared to Tokyo's one for every 200,000 [3]. - The city is expected to open around 60 new commercial spaces this year, totaling over 3 million square meters, with Minhang leading in new openings [3][6]. - Despite the increase in commercial space, the retail sales growth in Shanghai has been negative, indicating a disconnect between supply and consumer demand [5][6]. Group 2: Decline of Shopping Centers - Many shopping centers in prime locations are closing down, including notable names like Pacific Department Store and Isetan, reflecting a trend of abandonment in the face of oversupply [6][23]. - The Aegean Shopping Center, which opened in 2017, has seen a dramatic decline in foot traffic, with a 90% vacancy rate in its outdoor commercial area [12][22]. - The phenomenon of shopping centers becoming "ghost malls" is evident, with many spaces being sold off or left vacant as consumer preferences shift [6][12][22]. Group 3: Market Dynamics and Trends - The commercial real estate market is undergoing a "new metabolism," with a higher rate of mall closures and a shift towards high-end retail experiences [7][74]. - The Seven Puxian Road market, once bustling, has seen rental prices plummet from 70,000 yuan to 500 yuan per month, indicating a severe decline in demand [47][70]. - Successful transformations are occurring in some areas, where malls that have repositioned themselves towards high-end offerings are thriving, while others continue to struggle [74][75]. Group 4: Corporate Strategies and Asset Sales - Major real estate companies like Wanda are selling off commercial assets to alleviate debt, with Wanda having sold nearly 90 shopping centers since 2017 [79][80]. - Vanke has also engaged in asset sales, including significant stakes in its commercial properties, reflecting a broader trend among real estate firms to divest non-core assets [88][89]. - The trend of selling commercial properties is prevalent among various firms, indicating a shift in focus towards more efficient asset management in a challenging market environment [93][94].

生成式AI的2025： 告别PPT，拥抱生产力革命。 就在现在，拿起手机，打开电商购物网站，搜索"充电器"，大概率弹出的第一个推荐品牌是安克创新。 如果你看中了其中哪一款产品，想要问价比价、咨询参数，你会点击客服，线上咨询。 你可能不知道的是，就只是这短短的2个操作，有多少AI大模型能力参与其中。 在6月19日的2025亚马逊云科技中国峰会上，知名智能硬件科技品牌安克创新首席创新官龚银分享了如何在亚马逊云科技技术的帮助下，利用AI创新智能产 品，提升公司运作效率。 安克创新与亚马逊云科技建立了高质量实时知识库大语言模型系统，搭建了50多个Al Agent；搭建了多模态AIGC内容生产平台Vela；搭建了融合Amazon SageMaker平台的智能广告系统，站内广告覆盖率超过90%；通过深度学习算法与AI大模型进行产品开发与升级…… 广告投放、物料生成、客服回复、产品升级……有多么前沿黑科技？一点也不。 但有用吗？太有用了。 当前，安克创新的内容生产平台Vela出图数量已经超过120万张、客服工单AI解决率超过70%、站内超过20%以上的广告由AI全自动托管；安克创新内部公 司级的AI能力底座——AIME平台 ...

Core Viewpoint - Whobot, an AI digital employee company, has recently completed a multi-million A round financing to enhance technology development and market expansion, aiming to provide intelligent one-stop solutions for enterprises in communication scenarios [1][2]. Group 1: Company Overview - Whobot was established in 2023 and focuses on providing AI-driven solutions for businesses, utilizing self-developed technologies such as intelligent language models and real-time operating systems [1]. - The company has a team of 13 and has signed over 100 clients, achieving a 100% renewal rate for its formal clients [1]. Group 2: Product Features - Whobot differentiates itself from traditional telemarketing platforms by reducing labor costs and operating independently of human schedules, offering five main product systems including lead mining and service communication [1]. - The AI digital employee mimics human conversation and operations, enhancing user experience by remembering previous interactions and responding in a natural manner [2][5]. Group 3: Performance Metrics - 65% of users perceive Whobot's AI digital employee as a real customer service representative, showcasing its effectiveness in human-like interaction [8]. - Whobot's operational costs are significantly lower than human counterparts; for instance, in the telecom service provider sector, the cost for Whobot is 30,000 compared to 300,000 for human agents [8]. Group 4: Industry Applications - Whobot has successfully implemented its solutions across various industries, including education and telecommunications, achieving improved conversion rates and cost reductions [9][10]. - In a specific case, Whobot's AI digital employee achieved a conversion rate of nearly 95% in a scenario where human agents had a conversion rate of 87% [10]. Group 5: Leadership and Vision - The founder, Dong Lianping, has extensive experience in the internet industry and emphasizes that Whobot's value lies in redefining service boundaries rather than replacing humans [12].

Group 1 - Huazhu Group responded to the incident involving a blood-stained HIV test kit found in a hotel wash bag, stating that they have taken serious action against the involved employee and are cooperating with police investigations [3] - Yuxin Technology announced that it has submitted an application for the issuance of overseas listed shares (H shares) and listing on the Hong Kong Stock Exchange [1] - Shanjin International plans to issue H shares and list on the Hong Kong Stock Exchange, with the board authorizing management to initiate preparatory work for the issuance [2] Group 2 - Deloitte's report predicts a 14% year-on-year increase in the number of IPOs and financing amounts in the A-share market for the first half of 2025, estimating 50 new stocks and a total financing of 371 billion yuan [6] - Audi has reversed its previous plan to stop developing internal combustion engine vehicles by 2033, with no new timeline set for this transition [8] - Intel has appointed new engineering executives from major tech companies like Apple and Google to strengthen customer relations as part of its business revitalization plan [8] Group 3 - The European Court's legal advisor recommended rejecting Google's appeal regarding a 4.1 billion euro antitrust fine, which stems from Google's abuse of its dominant position in the mobile search market [9] - The Swiss National Bank has lowered interest rates to zero, raising concerns about a potential return to negative interest rates [11] - The Chinese Ministry of Commerce announced it will expedite the review of export license applications related to rare earths, emphasizing the importance of maintaining global supply chain stability [11]