以下文章来源于硬氪 ，作者黄楠 硬氪 . 专注全球化、硬科技报道。36kr旗下官方账号。 下半年将重点推进明年备货工作， 并加速线下渠道的拓展布局。 文 ｜ 黄楠 编辑 ｜ 彭孝秋 来源｜ 硬氪（ID：south_36kr） 封面来源 ｜ 企业供图 硬氪独家获悉，智能割草机器人厂商"来牟科技"近日完成数千万元A轮融资，本轮由常春藤资本独家领投，戈壁创投、六脉资本、天际资本、九合创投、兴 富资本等联合投资。Maple Pledge枫承资本担任长期独家财务顾问，持续提供私募股权融资服务。资金将用于新品研发迭代、产品量产交付及市场预期性备 货。 自2025年以来，公司已完成三轮融资，累计金额超亿元，此前投资方包括九坤创投、李泽湘教授创立的XbotPark基金、NBT Capital（耐必信）及欧美头部 家用消费电子上市公司等。 "来牟科技"创始人兼CEO高望书告诉硬氪，美国用户在割草工具的选择上，始终将实用性与与投入后的回报周期置于关键考量位置。"目前割草工具的智能 化发展路径尚未统一，功能迭代呈现多元探索态势，在这一背景下，我们产品的研发重心更应聚焦于破解用户实际使用中的体验痛点。" "来牟科技"是硬氪长期关注的 ...

Core Viewpoint - Toyota has reported a significant decline in net profit for the first quarter of the 2025 fiscal year, down 36.9% year-on-year to 841.3 billion yen (approximately 41 billion RMB), leading to a downward revision of its annual profit forecast by 44% to around 2.66 trillion yen [4][6]. Group 1: Financial Performance - Toyota's net profit for the 2024 fiscal year was approximately 4.8 trillion yen (about 247 billion RMB), a decrease of 3.6% year-on-year [13]. - The company's profit is reported to be 1.94 times greater than the combined profits of over ten Chinese listed car companies [14]. - In North America, which is Toyota's largest overseas market, the U.S. market contributed 23% to Toyota's global sales in 2024 [15]. Group 2: Sales Performance - Despite profit declines, Toyota maintained its position as the world's largest car seller for five consecutive years, with global sales reaching 5.545 million units in the first half of 2025, a 7.4% increase year-on-year [6][8]. - In the first half of 2023, Toyota's global sales increased by 5.5% to 5.1 million units, with hybrid models accounting for 43% of total sales [24]. Group 3: Market Strategy and Product Development - Toyota plans to introduce a 5.0-liter V8 engine in its Supra model by 2026, indicating a commitment to traditional combustion engines alongside its push for hybrid and hydrogen technologies [9][10]. - The company has adjusted its global production targets upwards, aiming for approximately 10 million units in 2025, and 10.2 million and 10.5 million units in 2026 and 2027, respectively [17]. - Toyota's hybrid models are gaining market traction, with significant sales in China, where hybrid vehicles accounted for 48% of total deliveries [26]. Group 4: Competitive Landscape - The profitability of Toyota, with a profit of 2.3 million RMB per vehicle sold, contrasts sharply with the average profit of less than half that for domestic brands in China [20]. - The automotive industry is experiencing a shift towards electric and hybrid vehicles, with predictions that by 2030, these will account for 60% to 70% of global sales [31]. - Toyota's strategy of maintaining a diverse energy portfolio, including hybrid and hydrogen vehicles, positions it well against competitors in a rapidly changing market [33].

Core Viewpoint - The article discusses the recent acquisition of the Boston Celtics by a private equity consortium led by William Chisholm, which has raised the team's valuation to $6.1 billion (approximately 43.8 billion RMB), marking the highest price ever for a professional sports team in the U.S. [4][22] Group 1: Acquisition Details - The acquisition of the Boston Celtics by Chisholm's consortium includes notable members such as heirs to major corporations and seasoned investors, with Mario Ho being the youngest and the only Chinese member [8][6]. - The Celtics have a rich history, being one of the oldest and most successful teams in the NBA, with 79 years of existence and 18 championship titles [18][19]. Group 2: Mario Ho's Background - Mario Ho, at 30 years old, has transitioned from being a die-hard fan to a core shareholder of the Celtics, having previously attempted to acquire a stake in the Golden State Warriors [10][7]. - His educational background at MIT and proximity to the Celtics' home arena allowed him to become a passionate supporter of the team during its rebuilding phase [9][10]. Group 3: Financial Implications - The Celtics' valuation has increased significantly, with a 12% rise following their recent championship win, and the sale price reflects a nearly 17-fold increase since the previous ownership [22][21]. - The team's financial strategy has included reducing payroll and luxury tax burdens, which were factors in the decision to sell [22][23]. Group 4: Broader Investment Strategy - In addition to the Celtics, Mario Ho has made significant moves in the esports industry, founding the V5 esports club and later merging it with another club to form a larger entity [12][14]. - Ho's acquisition of the commercial management company under Wang Sicong indicates a strategy to expand his investment portfolio into the cultural and tourism sectors, leveraging synergies with his esports interests [15].

Core Viewpoint - The article emphasizes that China possesses the best environment for AI development, leveraging vast amounts of internet, industrial, and scenario data to foster growth in the AI sector [2]. Group 1: AI Development Landscape - The global AI industry is shifting focus from hardware competition to ecosystem building, with China's unique approach reshaping the global AI competitive landscape [2]. - The 2025 AI Partner Conference, co-hosted by 36Kr and CEIBS, aims to showcase AI applications across various industries and explore innovative models of the "Chinese solution" [2]. - 36Kr CEO Feng Dagang states that the current period can be described as the "summer of AI," highlighting China's potential to produce top-tier AI software and hardware [2]. Group 2: AI Integration in Business Education - CEIBS is exploring the integration of AI into business education, proposing a "AI+BI+HI" model to enhance commercial education [4]. - The focus is on practical applications of AI in business contexts, aiming to create a "Chinese solution" for educational practices [4]. Group 3: Hardware and Software Collaboration - The AI industry is entering a critical phase of deep collaboration between hardware and software, addressing technical challenges such as endurance and precision [7]. - The need for comprehensive innovation rather than simple replacement is emphasized for successful AI integration in businesses [7]. Group 4: AI Applications in Various Sectors - AI is being positioned as a transformative force across multiple sectors, with specific applications in human resources, healthcare, and entertainment [30]. - Companies are leveraging AI to enhance operational efficiency, such as in recruitment processes and content production, significantly reducing costs and improving quality [30][36]. Group 5: Future Directions and Challenges - The article discusses the challenges of AI transitioning from models to practical applications, emphasizing the importance of matching technology with real-world needs [30]. - The AI Agent 2025 competition aims to foster global innovation and ecosystem development, with over 500 projects submitted [40]. - The article concludes that the "Chinese solution" offers a unique perspective on addressing common challenges in global AI development, focusing on a collaborative approach across hardware, software, and ecosystem [48].

Core Viewpoint - The summer film season of this year has shown a "low start but high finish" trend, with total box office reaching 11.966 billion yuan, a slight increase of 2.8% year-on-year, and total audience attendance of 321 million, up 12.8% from last year [5][6]. Group 1: Box Office Performance - The summer box office performance has been mixed, with only 19 films surpassing 100 million yuan, the lowest in three years, indicating a "1 strong, 1 super, and N films in a mixed battle" situation [5][6]. - The top three films were "Nanjing Photo Studio" with 2.89 billion yuan, "Wang Wang Mountain Little Monster" with 1.455 billion yuan, and "Chasing the Wind" with 879 million yuan, with no other films close to the 1 billion yuan mark [5][11]. Group 2: Audience Reception and Quality - Despite high ratings, many quality films did not achieve expected box office results, highlighting a disconnect between audience reception and box office performance [8][11]. - The summer season featured seven films with ratings above 8 on Douban, yet only three of them performed well at the box office [8][11]. Group 3: Industry Challenges - The film industry is facing deeper issues, such as the declining magic of popular release periods, with no films breaking 500 million yuan between the Spring Festival and summer seasons [6][12]. - The phenomenon of "non-typical" comedies and the absence of traditional comedy films in the top box office rankings indicate a shift in audience preferences [15][18]. Group 4: Marketing and Distribution Issues - Frequent changes in release dates have disrupted marketing strategies and audience expectations, leading to a loss of confidence in films [29][31]. - The effectiveness of traditional promotional methods is diminishing, with a need for innovative strategies to engage audiences [33][35]. Group 5: Future Outlook - The industry must break the "release period superstition," recognizing that quality films drive the success of release periods rather than the periods themselves saving films [37]. - The ongoing trend of polarization in film performance suggests that only top films will dominate box office revenues in future key release periods [37].

Core Insights - The article discusses the latest AI product rankings for August 2025, highlighting significant growth in various AI applications, particularly those under Douyin (TikTok) and Tencent [2][9]. Group 1: AI Application Rankings - The AI product rankings include nine categories, such as global MAU, domestic MAU, and subscription revenue rankings [2]. - Douyin's AI applications, including Jimeng AI and Xinghui, are noted for their rapid growth, with Jimeng AI achieving a 15.76% increase in MAU to 32.5 million users and Xinghui experiencing a remarkable 294.47% growth to 6.06 million users [4][5][6]. - Tencent's only listed application, Tencent Yuanbao, ranked fifth in the domestic total list with a 26.33% increase in MAU to 56.51 million users [8]. Group 2: Global and Domestic Trends - The global total list features ChatGPT at the top with 727.75 million MAU, followed by Quark and Douyin's Doubao [10][19]. - The article emphasizes that Douyin's applications are becoming significant players in the AI space, covering social, content consumption, and content production sectors [6][3]. - The subscription revenue rankings show Grok leading with an annual recurring revenue (ARR) of $2,996 million, followed by Claude and ChatGPT [33]. Group 3: Growth and Decline - The article notes that several applications are experiencing declines, such as Genius and DeepSeek, which saw decreases in MAU of 20.35% and 9.71%, respectively [29]. - Conversely, applications like seekee and Xinghui are highlighted for their impressive growth rates, with seekee achieving a 25.62% increase in MAU [17][27]. - The overall trend indicates a competitive landscape where certain applications are rapidly gaining traction while others are losing user engagement [14][28].

Core Viewpoint - The article discusses the challenges faced by Li Auto in the competitive landscape of the electric vehicle market, particularly against rivals like AITO and NIO, highlighting the shifts in consumer preferences and market dynamics that have impacted Li Auto's sales and brand positioning [4][10][12]. Group 1: Sales Performance - In 2022, Li Auto launched the extended-range L series, achieving annual sales of 133,000 units, a significant growth of 47.2% [5]. - In 2023, Li Auto continued its growth trajectory with annual sales of 376,000 units, marking a year-on-year increase of 182.2% and becoming the top-selling brand among new forces [6]. - By 2024, despite intensified competition in the extended-range market, Li Auto maintained over 30% growth, with total sales reaching 500,500 units, retaining its title as the new force sales champion [7]. Group 2: Market Challenges - In 2025, Li Auto's ambitious target of 700,000 units faced setbacks, with cumulative sales from January to August at 263,000 units, reflecting an 8% year-on-year decline [9][10]. - The introduction of the L6 facelift in April provided a temporary boost, but by August, sales fell back to 28,000 units, indicating ongoing market challenges [11]. Group 3: Competitive Landscape - The high-end market is increasingly competitive, with AITO's M9 model achieving annual sales of 158,000 units in 2024, while Li Auto's L9 saw a decline in market share [14][25]. - The L9's monthly sales dropped to around 4,000 units by 2025, as it faced competition from AITO's M9, which emphasized design and technology over comfort [15][24][31]. Group 4: Consumer Preferences - Li Auto's L9 initially attracted a diverse customer base, but recent trends show a shift towards family-oriented buyers, with business-oriented customers increasingly drawn to AITO's offerings [16][20]. - The introduction of a lower-priced Pro version of the L9 helped boost sales temporarily, but the overall market dynamics shifted with the launch of AITO's M9 [22][23]. Group 5: Product Strategy - Li Auto's L series has been successful due to its focus on family user needs and continuous product innovation, maintaining a competitive edge in comfort and technology [45][46]. - The company has emphasized creating a unique user experience, particularly for families, which has contributed to high customer satisfaction and brand loyalty [51][52]. Group 6: Future Outlook - Li Auto is positioned in a challenging environment, facing pressure from both high-end competitors and emerging low-cost alternatives in the mid-range market [61][62]. - To maintain its market position, Li Auto needs to innovate and adapt its product offerings to meet evolving consumer demands and preferences [63].

Core Viewpoint - The article emphasizes that the digital wave, driven by artificial intelligence (AI), is rapidly reshaping the global business landscape, marking the arrival of a golden era powered by "Chinese solutions" which involve deep integration of technology, scenario development, ecosystem collaboration, and value reconstruction [1][2]. Group 1: Conference Insights - The 2025 AI Partner Conference, co-hosted by 36Kr and CEIBS, focused on "Chinese solutions" and featured discussions on the next era of AI, showcasing the latest breakthroughs and ecosystem developments in China's AI sector [2]. - Key topics included the golden moment for Chinese innovation, the potential of superintelligent agents, and the impact of AI across various industries such as manufacturing, healthcare, finance, and education [2]. Group 2: Industry Perspectives - 36Kr's CEO highlighted that China possesses the best environment for AI development, with abundant internet and industrial data, predicting that top AI software and hardware will emerge from China [6]. - The article discusses the transition of AI from concept to practice, emphasizing its active role in various sectors and the need for continuous empowerment of industries through AI [2]. Group 3: Technological Innovations - The article mentions advancements in AI applications, such as the development of intelligent agents and the integration of AI with augmented reality (AR) to create new interaction paradigms [16][30]. - Companies like XREAL and Yihua Intelligent are leading innovations in AR glasses and industrial robots, respectively, showcasing the potential for AI to enhance productivity and operational efficiency [16][24]. Group 4: Future Trends - The article suggests that AI will become a foundational technology, similar to electricity in the past, driving significant changes in productivity and production relationships [49]. - It also notes that the AI sector is expected to experience a decade-long period of growth, with opportunities in traditional industry AI transformation [54].

Core Viewpoint - The article discusses the rise of Chip Wilson, the founder of lululemon, and his significant impact on the sportswear industry, particularly in relation to the Chinese market and the emergence of brands like Arc'teryx and Salomon as competitors to lululemon [5][9][11]. Group 1: Chip Wilson's Journey - Chip Wilson sold 0.8% of his shares in Amer Sports for $159.7 million, marking his third significant financial success [6][10]. - Wilson founded lululemon in 1998 after gaining experience from his previous venture, Westbeach, which he sold for $1 million [7][19]. - His entrepreneurial journey is detailed in his autobiography, where he reflects on the lessons learned from his earlier struggles [16][18]. Group 2: Brand Comparisons - Arc'teryx is referred to as the "male version of lululemon," indicating a shift in consumer identity beyond just functional sportswear [26]. - Amer Sports, which owns Arc'teryx and Salomon, has seen its market value rise to $21.8 billion, significantly increasing from its acquisition price [10][27]. - The article highlights the need for Amer Sports to prove that its brands can sustain long-term growth, contrasting with lululemon's established market presence [28][30]. Group 3: Market Dynamics - Both Amer Sports and lululemon heavily rely on the Chinese market for growth, with Amer Sports reporting over 50% year-on-year growth in China [33][36]. - The article notes that while lululemon's revenue in China grew by 21%, its North American sales declined, prompting a reduction in its annual performance guidance [36][38]. - The competitive landscape is evolving, with new brands entering the market and established players like Nike and Adidas also seeking to regain market share [37][38].

以下文章来源于财经天下WEEKLY ，作者财经天下 财经天下WEEKLY . 《财经天下》周刊官方账号，提供有品质的深度报道，讲述中国企业在时代浪潮中的精彩故事。 老铺黄金的"柜姐"， 成了应聘者眼中的香饽饽。 文 ｜ 陈大壮 编辑 ｜ 朗明 来源｜ 财经天下WEEKLY（ID： cjtxweekly ） 封面来源 ｜ IC photo 一个吊坠卖4万元，一个手镯卖8万元，老铺黄金的奢侈品调性尽人皆知。但很少有人知道，老铺黄金的柜姐，也不是普通人能随便当的。 近日，"老铺黄金招聘要求堪比空姐"的话题引起大众好奇。据传，老铺黄金对门店销售人员的身高、体重、长相要求颇高，就连一些具有空乘经验的年轻女 性，都无法获得面试机会。 "财经天下"与多位猎头和应聘者交流后确认，以上招聘情形的确存在。身高160cm至168cm、体重110斤以内是对女性应聘者的基本要求，除此以外，"有亲 和力""说话温柔""漂亮但不能太出挑"也被列为"通关秘籍"。 尽管招聘条件极为严苛，求职者依然趋之若鹜。因为在老铺黄金工作，不愁业绩，很多没有经验的新手入行就能月入2万元。 王冰冰有幸进入面试的一位空乘朋友，则被面试官以"太疲惫"pass掉。 ...