Group 1: Tencent's EdgeOne Pages Launch - Tencent officially launched EdgeOne Pages, the first full-stack edge development platform in China, enabling developers to quickly deploy web projects without server setup [2] - The platform supports major full-stack frameworks and offers features like global CDN acceleration, serverless functions, and security mechanisms, significantly streamlining the development process [2] Group 2: DeepSeek V3.2 Release - DeepSeek released version 3.2, introducing Sparse Attention to reduce computational costs by approximately 60% when processing long text sequences [4] - The new version enhances performance in complex tasks such as mathematics and programming, positioning DeepSeek as a competitive alternative to closed-source models [4] Group 3: AI Innovations and Developments - The first accessible AI reading companion system for visually impaired children, "Star AI Companion," was launched in China, providing interactive reading support [4] - Kuaishou's Keling AI model was released, capable of generating audio and visual content simultaneously, enhancing multimedia production capabilities [4] Group 4: Amazon's AI Chip Launch - Amazon introduced its first 3nm AI chip, Trainium 3, aimed at challenging Nvidia and Google, with a cost reduction of about 50% for training large models [5] - The company plans to integrate advanced technologies in future iterations, indicating a strategic focus on AI infrastructure [5] Group 5: ByteDance's Doubao Assistant - ByteDance launched the Doubao mobile assistant, embedding AI capabilities at the system level in smartphones, enhancing task automation across various applications [6] - The Doubao assistant aims to create an "AI-native phone" experience, marking a significant step in AI integration within mobile technology [6] Group 6: OpenAI's Acquisition of Neptune - OpenAI announced the acquisition of Neptune to enhance its AI model training infrastructure, focusing on real-time monitoring and analysis of training processes [7] - This move is seen as a strategy to improve training efficiency and model quality in a competitive AI landscape [7] Group 7: Meta's Shift in Investment Focus - Meta is reallocating investments from its metaverse initiatives to AI glasses and wearable devices, potentially involving significant layoffs in its Reality Labs division [8] - The company aims to capitalize on the growing demand for augmented reality technologies, reflecting a strategic pivot in its product development focus [8] Group 8: Apple Executive Departures - Apple is experiencing a wave of executive departures, raising concerns about its competitive edge in AI and innovation, particularly in the smartphone market [9] - The loss of key personnel may impact Apple's ability to maintain its leadership position in the industry, especially in the context of emerging AI technologies [9] Group 9: Nvidia's Investment in Synopsys - Nvidia invested approximately $2 billion in Synopsys, acquiring a 2.6% stake to enhance collaboration in AI-driven workflows across various industries [10] - This investment is part of Nvidia's broader strategy to solidify its leadership in the GPU market amid increasing competition [10] Group 10: AI in Urban Services - Coolwa Robotics launched a "Physical AI" robot for urban sanitation and public services, capable of autonomously executing complex tasks [11] - The technology aims to address the strong demand for automation in urban services, indicating a growing trend in the application of AI in public sectors [11] Group 11: AI Job Market Trends - Many non-elite university students are participating in AI model training tasks, earning between 800 to 2000 yuan per month, reflecting a growing gig economy in AI [12] - This trend highlights the increasing demand for data annotation and model training support in the AI industry [12] Group 12: HSBC's AI Investment Report - HSBC's report challenges the notion of an AI bubble, stating that 74% of companies have seen positive returns from generative AI investments [13] - The report emphasizes the tangible benefits of AI investments, countering claims of widespread failure in the sector [13]

后浪研究所 . 36氪旗下年轻态公众号。这位青年里边请，你被研究了。 怎么现在想吃口蛋糕这么难？ 文 ｜ 杨小彤 编辑 ｜ 薇薇子 来源｜ 后浪研究所（ID：youth36kr） 封面来源 ｜ 受访者供图 "拼好糕" 距离约定时间已经过了15分钟，那个提着蛋糕的女孩终于匆匆赶来。 以下文章来源于后浪研究所 ，作者杨小彤、薇薇子 包括Vivian在内的十几位甜品爱好者，已经悉数就位。她们聚在广州的一家咖啡厅里，围坐在露台的方桌旁，早已迫不及待。9个差不多大小的蛋糕盒被 摆在面前。资深甜品爱好者一看盒上的名字，就已经知道里面的东西将是何等美味。 10月26日下午3点，提着蛋糕的女孩，也就是这场聚会的组织者终于将盒子拆开，把里面的大蛋糕一一端出，按照3X3的方阵整齐摆放。不过，没人吹蜡 烛，也没唱生日歌， 大家只是纷纷举起手机，按下快门键给蛋糕们来了张大合照，颇有种"最后的晚餐"的架势。 接着，手起刀落，开杀。 Vivian参加的杀糕大会，图源小红书@宣宣宣。 这是最近在社交媒体上流行开来的"杀糕大会"。"杀糕"，乍一听还挺吓人，其实就是指切蛋糕、吃蛋糕，是不知道什么时候在甜品爱好者内部流行起来的 专有名词。而所谓 ...

Core Viewpoint - The high-end gold jewelry brand "寶蘭" has completed over 100 million RMB in Series A financing, focusing on enhancing brand value, multi-channel layout, supply chain resilience, and empowering core talent [6][21]. Group 1: Company Overview - "寶蘭" was established in 1988 and specializes in the ancient gold craftsmanship, particularly the "flower wire inlay" technique, which is a non-material cultural heritage [7][12]. - The brand emphasizes the ritualistic and heritage aspects of jewelry consumption, gaining recognition in the high-end jewelry sector due to its exquisite craftsmanship and cultural identity [8][20]. Group 2: Product and Craftsmanship - "寶蘭" products draw inspiration from traditional Chinese cultural patterns and objects, combining exquisite craftsmanship with auspicious meanings [13]. - The "flower wire inlay" technique, with a history of over 3,000 years, requires skilled artisans to create intricate designs, making the production time significantly longer than mass-produced gold jewelry [12][13]. Group 3: Market Trends - According to the China Gold Association, the consumption of gold jewelry is expected to decline by 25% in 2024, while the market for ancient gold remains robust, with "old shop gold" achieving a revenue of 12.354 billion RMB in the first half of 2025, a 251% year-on-year increase [17]. - The narrative around gold in China is shifting from nostalgia to future-oriented expressions, with gold jewelry evolving from traditional gifts to fashionable items with social attributes [17][20]. Group 4: Brand Development and Future Potential - "寶蘭" has been relatively slow in expanding its physical presence, with its first store opening in Hangzhou and a subsequent store in Shenzhen in 2025 [18]. - The brand has significant potential for growth in channels and brand recognition, indicating a promising future in the luxury market [21].

Group 1 - Chen Zhen, a popular automotive reviewer, was fined and required to pay a total of 2.4748 million yuan for tax evasion, which included back taxes and penalties [2][3] - Between 2021 and 2023, Chen reported an annual income of only around 1 million yuan, which was inconsistent with his online popularity [3] - An investigation revealed that Chen established a shell company to report income, but the company had no actual operations or employees, and he failed to declare 1.5725 million yuan in advertising income [3] Group 2 - Some banks have raised deposit interest rates, with new funds for a three-year term now at 1.9%, up by 10 basis points [4][11] - Major airlines have extended free cancellation and modification policies for flights to and from Japan until March 28, 2026 [4][11] - The new national standard for food delivery services limits delivery personnel's working hours and requires breaks to ensure their rights and safety [5][11] Group 3 - BYD's domestic sales have declined, attributed to a decrease in technological leadership and increasing industry homogenization [5] - Tasting has refuted claims about its store closure numbers, stating that only 67 stores closed from January to November 2025 [6] - The beverage company Hongsheng Group, led by President Zong Fuli, is facing a labor dispute, with a court hearing scheduled for December 11 [7] Group 4 - Meituan, JD.com, and Taobao Shanguo have announced their commitment to implementing new national standards for food delivery services [7] - The global ticketing platform Damai International has launched a standalone app, supporting multiple languages and payment options [8] - Yadi Electric apologized for confusion regarding its new model and has temporarily taken the controversial model off the market [9]

Group 1 - The term "parasocial" has been named the word of the year for 2025 by Cambridge Dictionary, describing a one-sided, virtual social relationship that reflects a strong desire for connection in a time of emotional scarcity [5][9][11] - The rise of AI interactions has led to a phenomenon termed "AI psychosis," where individuals develop delusions and paranoia from prolonged engagement with AI, highlighting the need for ethical considerations in AI product development [12][14] Group 2 - A notable trend has emerged where female content creators are losing followers for sharing details about their boyfriends, indicating a shift in social media dynamics where independence is increasingly valued over traditional romantic narratives [15][19] - The recent publicity stunt by Jiang Sida, who announced a mock wedding to promote her new album, reflects innovative marketing strategies in the entertainment industry, blending personal life with professional promotion [20][24] Group 3 - Shein opened its first physical store in Paris, attracting both eager shoppers and protestors against fast fashion, highlighting the ongoing debate around sustainability and ethical practices in the fashion industry [25][28] - The young chairman of SGM, which operates BHV, defended Shein's presence in Paris, emphasizing the demand for fast fashion among younger consumers, despite backlash from other retailers and public figures [29][31] Group 4 - Outdoor brand mont·bell showcased its new lightweight winter gear in Beijing, focusing on high "warm-to-weight" ratios to enhance outdoor experiences, indicating a trend towards functional and efficient outdoor apparel [32][34] - The Japanese consumer market faced significant challenges this month, particularly in sectors related to inbound tourism, with major brands experiencing stock declines [38] Group 5 - The luxury brand SAINT LAURENT has overtaken Miu Miu in Lyst's third-quarter hottest brands list, reflecting a strong consumer preference for timeless and confident designs [47][49] - The most popular fashion item remains a pair of flip-flops from Havaianas, indicating a trend towards casual and comfortable footwear in the current market [50][52] Group 6 - Apple collaborated with Issey Miyake to launch a unique phone accessory, the iPhone Pocket, which has gained popularity despite mixed reviews, showcasing the intersection of technology and fashion [64][67] - The trend of "small ticket literature" has emerged in the snack industry, with brands printing serialized stories on receipts, engaging consumers in a novel way and enhancing brand loyalty [73][76]

Core Viewpoint - The article discusses the rising popularity of skiing photography as a profession, highlighting the income disparities among photographers and the associated risks and challenges of the job [5][6]. Group 1: Income Disparities - Skiing photographers can earn between 50,000 to 300,000 yuan in a single snow season, with some earning as much as 4,000 yuan in a single day [5][12]. - The income of skiing photographers is highly variable and depends on their skills, reputation, and luck, with some experiencing zero income in the early stages of their careers [8][12]. - Different business models exist for skiing photographers, including random captures sold on platforms like "滑呗" at a price of 16.99 yuan per photo, hourly rates for scheduled shoots at 800 yuan, and high-end follow-up services priced at 300 yuan for 15 minutes [12][11]. Group 2: Risks and Challenges - The profession involves significant risks, particularly during follow-up shoots where photographers must maintain pace with skilled skiers, leading to potential accidents [12][22]. - Photographers must be in a constant state of alertness, as they navigate blind spots while skiing backward to capture dynamic footage [12][22]. - Equipment costs are substantial, with basic setups costing around 3,000 to 4,000 yuan and professional gear reaching up to 120,000 yuan [12][22]. Group 3: Market Trends and Competition - The increasing popularity of skiing has led to a rise in the number of photographers entering the field, intensifying competition [12][22]. - The demand for high-quality follow-up services is growing, as clients seek unique and immersive experiences, which can be challenging for lower-priced competitors to replicate [12][22]. - The use of advanced technology, such as drones and action cameras, is becoming more common among skiing photographers, providing new opportunities for capturing unique angles and dynamic shots [22].

Core Viewpoint - The article highlights the significant rise of Moole Technology, which has become the first fully functional GPU company to be listed on the Chinese stock market, achieving a market capitalization exceeding 270 billion yuan shortly after its IPO, reflecting a growing trend in the domestic GPU industry driven by the demand for AI computing power [3][6][30]. Group 1: Company Overview - Moole Technology opened at a price of 688 yuan per share, which is five times its issue price, leading to a market valuation surpassing 270 billion yuan [6]. - The company was established by Zhang Jianzhong, a former Nvidia executive, with the goal of creating a Chinese equivalent to Nvidia [13][15]. - Moole Technology has successfully raised over 10 billion yuan through multiple funding rounds before its IPO, attracting 86 shareholders [15][18]. Group 2: Industry Context - The article discusses the competitive landscape of the GPU market in China, particularly the emergence of domestic companies like Moole Technology and Muxi Integrated Circuit, which are capitalizing on the growing demand for AI computing [10][23]. - The demand for GPUs has surged due to the explosive growth of artificial intelligence, prompting significant investments in the sector [19][20]. - The article notes that the current geopolitical climate, particularly U.S. export controls, has created a vacuum in the Chinese market, presenting a historic opportunity for domestic GPU companies [25]. Group 3: Financial Performance - Moole Technology's revenue is projected to grow from 46 million yuan in 2022 to 438 million yuan in 2024, reflecting a compound annual growth rate of 208.44% [29]. - Muxi's revenue is expected to increase dramatically from 426,400 yuan in 2022 to 74.3 million yuan in 2024, with a compound annual growth rate of 4074.52% [30]. - The article emphasizes that the successful IPOs of Moole Technology and Muxi are just the beginning, with other domestic GPU companies also preparing for public offerings, which could enhance the overall capital interest in the GPU industry [30].

Core Viewpoint - The article discusses the emergence of university students engaging in AI-related part-time jobs, particularly in data labeling and model training, as a response to the dual pressures of job market anxiety and the allure of high-paying AI positions. This trend highlights the evolving landscape of employment in the AI era, where traditional roles are being replaced by new opportunities that require different skill sets [4][25]. Group 1: AI Part-Time Jobs - A group of university students from non-first-tier cities is participating in AI data labeling tasks, earning between 1,000 to 2,000 yuan per month [4][5]. - These students are seen as ideal candidates for basic AI data tasks due to their specialized knowledge and enthusiasm, allowing companies to reduce costs associated with hiring full-time employees [5][6]. - The competition for these part-time jobs has intensified, with students needing to "抢单" (grab orders) quickly to secure tasks [6][28]. Group 2: Job Experience and Career Impact - Many students view these part-time roles as a way to enhance their resumes and gain relevant experience in the AI field, which is increasingly important for securing internships and job offers [20][22]. - The experience gained from these roles is being leveraged in interviews, with students able to discuss their contributions to AI model training and data labeling processes [21][23]. - The article notes that students are aware of the precarious nature of their roles, feeling like "饲料" (feed) for AI models, yet they continue to pursue these opportunities for future career prospects [29]. Group 3: Market Dynamics and Employment Trends - The article highlights a significant shift in the job market, with traditional roles being reduced while AI-related positions are on the rise, as evidenced by a 36% increase in AI job postings in the first half of the year [26]. - Major tech companies are increasingly relying on AI, leading to substantial layoffs in traditional roles, with reports of up to 90% of certain teams being cut [27]. - The competitive nature of AI-related part-time jobs is expected to grow, as more students enter the market seeking similar opportunities [28].

Core Viewpoint - The article discusses the rapid establishment of a $10 billion cryptocurrency business by the Trump family within a year after Donald Trump's presidential election victory, highlighting potential risks of political corruption associated with this accumulation of wealth [4]. Group 1: Cryptocurrency Business Overview - The Trump family's cryptocurrency business is represented by "World Liberty Financial (WLF)," which was established in September 2024 and applied to the SEC for "selling digital assets" in October 2024, with Donald J. Trump as its representative [6]. - WLF issued up to 100 billion digital tokens (WLFI), with 27 billion tokens in circulation valued at approximately $3.39 billion as of September 2025 [6]. - The Trump family holds a total of 22.5 billion WLFI tokens, translating to a market value of $2.8 billion within a year [6]. Group 2: Investment and Market Manipulation - Notable investors in WLFI include DWF Labs, which purchased $25 million worth of tokens, and Aqua1 from the UAE, which invested $100 million, although the actual investors remain unclear [7]. - Justin Sun, founder of TRON, purchased $75 million in WLFI tokens, coinciding with the Trump administration dropping a lawsuit against him [7][8]. - WLF generated $550 million in revenue from token sales, with 75% directed to Trump family enterprises, resulting in Trump personally earning $57.35 million in 2024 [11]. Group 3: Political Influence and Market Impact - The Trump family's shift to cryptocurrency was partly driven by being denied loans by banks post-presidency, leading them to explore alternative financial avenues [13]. - Trump's public statements on cryptocurrencies, particularly Bitcoin and Ethereum, have been shown to influence market prices significantly, with a 10% increase observed shortly after his comments [14]. - WLF is using funds from token sales to invest in Bitcoin and Ethereum, potentially increasing the family's business profits through market influence [15]. Group 4: Regulatory Environment and Risks - Following Trump's presidency, there was a significant reduction in regulatory oversight of cryptocurrencies, facilitating the rapid expansion of the Trump family's crypto business [18]. - The article raises concerns about potential foreign influence in the WLF token purchases, with allegations of involvement from entities linked to North Korea, Iran, and Russia [21]. - The intertwining of government and industry interests could lead to a loss of support for Trump, especially if the Democratic Party increases its influence in future elections [21].

Core Viewpoint - The article discusses the evolution and acceptance of foldable smartphones, highlighting their transition from skepticism to mainstream adoption, driven by user demand for enhanced productivity and multitasking capabilities [3][4][44]. Group 1: Market Evolution - The foldable smartphone market has seen significant growth, with projected shipments in China exceeding 10 million units by 2024, indicating a shift from niche to mainstream [4][42]. - Initial skepticism surrounding foldable phones mirrors the early criticism faced by the first iPhone, showcasing a pattern of innovation facing initial resistance [3][4]. - The article emphasizes that foldable screens are now recognized as essential tools for productivity, particularly for business and creative professionals [4][6]. Group 2: User Trust and Hardware Reliability - User concerns about hardware reliability, such as screen durability and hinge stability, are critical for gaining trust in foldable devices [8][10]. - Over 50% of users prioritize screen reliability, with a focus on scratch resistance and crease control, followed by hinge stability and overall performance [10][12]. - Huawei has positioned itself as a leader in the foldable market by addressing these hardware concerns through innovative engineering solutions [12][19]. Group 3: Technological Innovations - The introduction of advanced hinge designs, such as the waterdrop hinge, has significantly improved the durability and user experience of foldable phones [13][14]. - The transition from CPI to UTG (Ultra-Thin Glass) for screen materials has enhanced the hardness and usability of foldable devices, making them more appealing to consumers [15][16]. - Huawei's Mate X7 features multiple upgrades, including a robust hinge and advanced materials, providing enhanced protection and user experience [18][19]. Group 4: User Experience and Ecosystem - The article highlights the importance of seamless user experience, with over 55% of users concerned about the functionality of screen switching and multitasking capabilities [21][23]. - Foldable phones enable unique use cases in social media, photography, and productivity, allowing for more efficient workflows and creative expression [26][27][30]. - Huawei's diverse foldable product lineup caters to various user needs, from social interaction to productivity, reinforcing the brand's commitment to enhancing user experience [29][30]. Group 5: Future Outlook - The foldable smartphone category is positioned as a reliable alternative to traditional smartphones, with 95.5% of consumers expressing willingness to switch to foldable devices in the future [44]. - Huawei's approach focuses on long-term user trust and experience rather than short-term sales spikes, indicating a strategic vision for the future of mobile technology [41][44].