以下文章来源于卫诗婕 商业漫谈 ，作者卫诗婕 卫诗婕 商业漫谈 . 职业作者卫诗婕记录商业史和我们的时代。虎嗅2024年度作者、小宇宙2024年度新播客、微博2024商业洞察奖、金字节奖年度新锐作者、网易非虚构 文学奖年度作者，全球TSA中文报道十佳。曾任《极客公园》执行总编。代表作：《ofo的终场战事》 在当下高歌猛进中的AI浪潮中， 世界需要多元的价值碰撞。 文 ｜ 卫诗婕 来源｜ 卫诗婕 商业漫谈（ID：Jane_shijie） 封面来源 ｜ 视觉中国 天真乐观的科学家和创业者们常低估人性的缺陷，而高谈阔论的历史和哲学家们，在描绘悲观问题时又很难提出解决方案。 ——这是每一代技术浪潮来袭时，人类世界常常出现的争议形式。 在这一轮AI浪潮也不例外。 来自 以色列的学者尤瓦尔 · 赫拉利坐在镜头前 ，一对标志性的精灵耳，无框眼镜背后，常露出深邃而忧虑的眼神。他是 全球知名的畅销书作家，所著 的"人类简史"系列畅销书被翻译成65种语言 ，使其对AI等技术伦理问题的深入思考传遍全球。 他的身边坐着 王小川，2023年大模型浪潮中最积极的中国创业者之一，他所创立的百川智能，致力于AI医疗的前沿实践 ——百川打造的 ...

Core Viewpoint - SpaceX's ninth Starship flight was a significant step forward despite not achieving a complete success, marking the highest and farthest flight of the year so far, with the booster successfully launching but the spacecraft ultimately losing control and crashing [3][26]. Group 1: Flight Performance - The ninth flight utilized a reused super heavy booster from an earlier test, aiming to demonstrate the feasibility of reusing rockets without manual intervention [9]. - The booster successfully completed its launch phase, separating from the spacecraft at 2 minutes and 30 seconds, but did not attempt recovery, instead performing a hard landing in the Gulf of Mexico [14]. - The spacecraft reached a height and successfully shut down its engines for a glide phase, a critical milestone that had previously led to failures in earlier flights [18]. Group 2: Challenges and Failures - The spacecraft encountered multiple issues, including a failure to open the payload bay doors to deploy eight Starlink satellite simulators, which were intended to test the spacecraft's ability to deliver functional cargo to orbit [19][21]. - At approximately 33 minutes into the flight, the spacecraft lost attitude control, leading to a complete loss of control and an expected disintegration upon re-entry into the atmosphere [22][23][24]. - The flight concluded with SpaceX confirming the loss of contact with the spacecraft, which was anticipated to burn up in the atmosphere and fall into the ocean [25]. Group 3: Future Plans and Goals - SpaceX is under pressure to achieve a successful Mars mission by 2026, with the goal of launching an unmanned Starship next year, necessitating the completion of ten successful test flights [28][30]. - In addition to the Mars mission, SpaceX is also focused on a lower-priority task in collaboration with NASA for a manned lunar landing in 2027 [31]. - The company has increased manpower and infrastructure investments at its headquarters, Starbase, to facilitate testing and development for upcoming missions [33]. Group 4: Learning from Failures - SpaceX emphasizes the importance of learning from failures, with engineers aiming to extract lessons from each unsuccessful flight to improve future designs and operations [35]. - Despite not meeting the ambitious goal of 25 launches in a year, the company has completed three launches in less than six months, indicating a faster pace of development [36]. - Following the ninth flight, plans for subsequent test flights will be more frequent, with launches expected every 3 to 4 weeks [37].

Core Viewpoint - The article discusses the rise of interest-driven consumption in China, highlighting a shift from essential needs to personal interests and hobbies as primary motivators for spending [2][5][45]. Group 1: Changes in Consumer Behavior - An increasing number of consumers are willing to spend on their interests, as evidenced by the 20-fold increase in Pop Mart's stock price over two and a half years, supported by a remarkable 49% repurchase rate [2][5]. - The concert economy has thrived, with ticket sales reaching nearly 40 billion yuan last year, a 66% year-on-year increase, driven by the enthusiasm for idol culture [2][5]. - The scale of female-oriented games has approached 100 billion yuan, indicating a growing trend among female gamers to engage with virtual idols [2][5]. Group 2: Evolution of Consumption Definition - Consumption has transitioned from meeting basic needs to catering to personal interests, with 37% of consumers indicating their spending is driven by personal interests, particularly among younger generations [5][4]. - The traditional view of consumption focused on essential goods has evolved to include experiences and products that enhance personal enjoyment and self-expression [4][5]. Group 3: Business Adaptation - Companies must adapt their strategies to engage consumers on a deeper emotional level, moving from mere visibility to fostering genuine interest and connection [6][9]. - Content marketing and community engagement have become essential for businesses to build long-term relationships with consumers, emphasizing the need for relatable and engaging content [6][9]. Group 4: Transformation of "What is Worth Buying" - The platform "What is Worth Buying" has evolved from a focus on product quality and price to a broader understanding of consumer desires, including the emotional impact of purchases [10][12]. - The introduction of GEN2 marks a strategic shift towards emphasizing interest-driven consumption, with the platform reporting growth in user engagement metrics [16][19]. Group 5: Interest-Driven Consumption Strategy - The decision-making process in consumption has shifted from a straightforward need-based model to a more complex journey ignited by interests, requiring platforms to adapt to this new landscape [20][21]. - "What is Worth Buying" has implemented AI-driven tools to identify consumer interests and match them with relevant content, enhancing the user experience and decision-making process [22][25]. Group 6: Marketing and Engagement Strategies - The platform has redefined its role as a "consumer gatekeeper," curating high-quality information to help users navigate the overwhelming amount of content available [32][37]. - By leveraging data and user insights, the platform aims to convert interest-driven traffic into actual sales, enhancing brand engagement and consumer loyalty [41][42]. Group 7: Future Outlook - The article concludes that as disposable income rises, consumption will increasingly be driven by emotional resonance and personal interests, marking a long-term trend rather than a fleeting change [45][46]. - The platform's new positioning as an "AI-driven all-network interest consumption guide" reflects its commitment to adapting to these evolving consumer needs and preferences [40][49].

未来的音频硬件不再只是"听"的工具， 更是用户信息流转和情感交流的重要桥梁。 从"听音"到"交互" AI驱动耳机的进化 在智能硬件日趋饱和的当下，耳机作为一个"体积极小但使用高频"的设备，正成为AI应用的下一阵风口。 在刚刚结束的微软Build 2025开发者大会上，安克创新作为大会上唯一的中国品牌在现场演示，旗下音频品牌声阔（soundcore）展示了AI赋能音频设备的现 有成果和未来蓝图。 在大会上，开放式蓝牙耳机Aerofit 2 (飞跃线Air) 作为合作案例，通过集成面对面翻译、同声传译等多语言实时交互功能，打破语言壁垒，将耳机的使用场 景从"听音"拓展到"沟通"和"理解"。 此外，安克创新还宣布将与微软深化合作，联合开发下一代搭载生成式语音AI对话能力的智能耳机，这也标志着其在智能语音终端赛道上的重要布局。 安克创新亮相微软Build 2025开发者大会 安克创新2024年年报数据显示，智能影音类业务营收达到56.92亿元，同比增长32.84%，其中旗下音频品牌声阔（soundcore）发挥了核心战略支撑作用。 回顾声阔的发展历程，成立于2017年，短短8年时间，一跃成为位列全球无线耳机出货量前三 ...

Group 1 - Shenzhen Feisu Innovation Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with joint sponsors including CICC, CITIC International, and招商证券国际 [2] - Shanghai Xiangong Intelligent Technology Co., Ltd. has also submitted a listing application to the Hong Kong Stock Exchange, with CICC as the sole sponsor [3] Group 2 - A court ruled that a company must pay 262,665 yuan in compensation to an employee who was demoted from director to a front desk position, which was deemed insulting and punitive [4][5] - The employee's average monthly salary before the demotion was 20,205 yuan, and the company argued that the demotion was due to poor performance [4] Group 3 - Nvidia reported a first-quarter revenue of $44.1 billion, a 69% year-over-year increase, with a net profit of $18.78 billion, up 26% [16] - HP announced a second-quarter revenue of $13.2 billion, reflecting a 3.3% year-over-year growth [17] Group 4 - Jiangsu Aislon Holdings Co., Ltd. completed a 50 million yuan Series A financing round, led by Fuxing Capital, aimed at advancing renewable energy technology and smart manufacturing [17]

景联文的目标是帮助挖掘公共数据的最大价值。 刘云涛表示，今年公司预计营收增速400%以上，目前客户结构已涵盖政府、头部AI厂商、AI研究机构。而布局公共数据运营业 务后，景联文将构建完整的数据服务生态体系。 文 ｜ 李安琪 编辑 ｜ 李勤 封面来源 ｜ Unsplash 36氪获悉，数据服务公司"景联文科技"于近期完成了数千万元Pre-A轮融资，投资方为杭州金投集团旗下基金。据悉，景联文科技 本轮融资将用于公共数据生产运营的布局、智能化语料工程平台构建、以及自建垂直领域高质量标注基地，打造"平台+基地+行 业"的数据链闭环生态。 景联文科技成立于2012年，是一家AI数据服务运营商。据景联文CEO刘云涛介绍，公司业务经历了从生物识别算法，到数据采集 标注，再到高质量AI数据集生产运营三个阶段演变。目前，公司聚焦的领域包括公共数据、AI大模型、自动驾驶与医疗等。 刘云涛向36氪表示，高质量数据集是人工智能发展的"燃料"。"AI-ready的前提是Data-ready，数据质量决定模型效果。高质量数 据集的供给是AI行业化落地的关键要素，也是促进数据要素繁荣交易的根基。" 今年5月国家数据局表示，将继续加大中央财 ...

以下文章来源于Vista看天下 ，作者叶橙子 Vista看天下 . via @全糖加冰 等到房价已然翻了两三倍的今天，放学时最常听见的吆喝声依旧是"一元一份"，毕竟十多年来国内唯一没涨价的只有小学生的零花钱。 一个永远理解你的朋友 小学门口的路边摊硬控几代人。 文 ｜ 叶橙子 来源｜ Vista看天下（ID：vistaweek） 封面来源 ｜ Unsplash 小学学校门口，大概是全世界物价最稳定的地方。 县城房价2000的时候，小学门口的杂货铺卖着5毛一根的分装辣条、1元一根的关东煮串。 上了年纪的老人背来用棉被包裹的小铁箱，用铁勺刮出花花绿绿的冰淇淋球，同样是一元一个。 只不过廉价零食江湖的主角们早已迭代，最近网上越来越多人发现，全国各地的小学门口都在被同一种小吃占领—— 一元火鸡面。 这种装在小小塑料盒里、两口就没的小吃，正在成为 新一代小学生的校门口天菜。 via @黄大胖摆摊日记 售卖网红一元火鸡面的摊主们通常年纪不大，比如包括辞职不干的打工人、处在求职空窗期的社畜。 这批脱下长衫摆摊的年轻人，遇上了双向奔赴、最懂他们的小学生顾客。 小学生的一元火鸡面 年轻人看完觉得自己穿越了 火鸡面原本指的是韩国 ...

Core Viewpoint - The "female economy" in China, characterized by businesses exclusively catering to women, is facing challenges and potential decline despite its initial popularity driven by feminist discussions and consumer interest [2][5][6]. Group 1: Definition and Rise of "Female Economy" - The "female economy" refers to business models where both employees and customers are exclusively female, including establishments like all-female bookstores, bars, and fitness centers [4]. - This concept gained traction alongside the rise of feminist discussions, becoming a significant consumer trend and a source of revenue for various platforms [5][8]. Group 2: Types of "Female Economy" - The "female economy" can be categorized into two main types: those creating exclusive spaces for women and those providing specialized services tailored to female needs [11][24]. - Examples include all-female gyms that address safety concerns and provide a comfortable environment for women, as well as all-female bars that aim to create a safe social space [12][18]. Group 3: Market Performance and Consumer Sentiment - As of May 2025, the term "female" on social media platforms has garnered over 16.91 million views, indicating a significant interest in feminist topics [35]. - However, many consumers have expressed dissatisfaction with the actual services provided by businesses claiming to be "female-friendly," leading to accusations of false advertising and unmet expectations [39][40]. Group 4: Challenges and Criticism - The "female economy" is experiencing a wave of business closures, with some establishments failing to deliver on their promises of safety and comfort for women [6][56]. - Criticism has emerged regarding the high prices of services in "female" establishments, which often exceed those of mixed-gender venues, raising questions about their sustainability and true value to consumers [62][63]. Group 5: Future Outlook - The ongoing debate about whether the "female economy" represents progress or retreat for women suggests that the current model may need reevaluation to align better with consumer expectations and market realities [66].

以下文章来源于时代财经APP ，作者张昕迎 聚焦于企业财经新闻，互联网新闻信息服务许可证编号：44120230006 五大行私行客户破百万。 文 ｜ 张昕迎 编辑 ｜ 张常旺 来源｜ 时代财经APP（ID：tf-app） 封面来源 ｜ Pexels 时代财经APP . 私人银行的"富人争夺战"再次上演。 近日有媒体报道称，兴业银行私人银行推出一项实习计划，该行可以为客户子女提供知名企业实习机会，其中不乏摩根大通、中 金资本、谷歌、微软等知名企业，报名条件是"非私行客户新增资金1000万元以上，存量私行客户新增资金500万元以上"，并且 要求实习期内资金不得转移。 对此，兴业银行回应称，该项目是兴业银行私人银行部面向高净值客户提供的增值服务，委托第三方机构执行。鉴于该项目引起 争议，经审慎评估，该行已暂停该项目。 近年来，国内高净值人群持续扩容，私人银行业务逐渐成为各大银行争夺的焦点。《2024胡润财富报告》数据显示，中国内地的 富裕家庭（资产600万元人民币以上）数量达414.2万户，当中拥有600万元人民币以上可投资资产的家庭为150万户。 "目前国内各大私行的入门级标准大多数都是600万元，主要是卷资产配 ...

同样在玩具品类，泡泡玛特、Jellycat在得物的销售数据也让人惊喜。 在过去一年中，泡泡玛特在得物同比增长接近200%，一年卖出超过15万只LABUBU和超过5万个MEGA。同时，英国高端玩具品牌Jellycat也在得物实现了4 倍的高增速。 什么样的品牌能抓住5亿年轻人红利？ 每15分钟诞生一个百万级爆品 "起初我们对得物并不真正了解，以为平台的用户主要是年轻男性。"黄金珠宝类目的头部经销商张超说。 2022年，抱着"试一试"的心态，张超入驻得物，却得到了意外的收获。经过一段时间的运营后，张超发现得物的整体流量比想象中大很多，转化率也比其他 平台要高。 与张超的观察相同，另一家黄金珠宝经销商表示，其在得物经营的多个品牌，去年的总销售额达到数亿元，同比增长超过1600%。 亮眼的数字背后，得物已悄然成长为黄金珠宝类目销售增速较快的电商平台之一。此外，潮玩，尤其是毛绒玩具类目的增速也非常可观。 2021年，玩具经销商马向荣入驻得物。在马向荣的介绍中，他第一个在得物卖爆的产品是迪士尼的玩偶，两个月就卖出了30万个，销售额近2000万元。此 后，他将更多精力投入得物，两年时间内，其店铺的销售额就翻了100倍。20 ...