本文转载自新华社 值班编辑 | 江江 视觉 | 诺言 关于汽车行业"价格战"等"内卷式"竞争 工业和信息化部作出回应 近日，中国汽车工业协会发布《关于维护公平竞争秩序 促进行业健康发展的倡议》。如何看待中国汽车 工业协会发布的倡议？对于汽车行业"价格战"等"内卷式"竞争，将会采取哪些措施？工业和信息化部相 关负责人回答了记者问题。 这位负责人说，我们赞同并支持中国汽车工业协会提出的"维护公平竞争秩序 促进行业健康发展的倡 议"。车企之间"价格战"，给汽车企业正常的生产经营带来较大冲击，危及行业健康、可持续发展。 这位负责人表示，鼓励企业通过技术创新、管理创新降低生产成本，给广大消费者带来更优质、更具性 价比的产品。企业之间无序"价格战"，是"内卷式"竞争的典型表现，不利于企业持续研发投入，进而影 响产品质量性能和服务水平，甚至带来安全隐患，损害消费者权益。长此以往，产业发展的内生动力也 会减弱。可以说，"价格战"没有赢家，更没有未来。 工业和信息化部将加大汽车行业"内卷式"竞争整治力度，推动产业结构优化调整，加强产品一致性抽 查，配合相关部门开展反不正当竞争执法，采取必要的监管措施，坚决维护公平有序市场环境， ...

Core Viewpoint - The article discusses the challenges faced by Wufangzhai, a well-known zongzi (sticky rice dumpling) brand, particularly in light of a food safety crisis and declining sales, leading to investor skepticism regarding its recent promotional strategies [2][3][6]. Financial Performance - In 2024, Wufangzhai's zongzi revenue decreased by 18.64% to 1.579 billion yuan, with a total annual revenue of 2.251 billion yuan and a net profit of 142 million yuan, both down 14% year-on-year [3][29]. - The company reported a significant increase in inventory, up 33.82% year-on-year, indicating potential overproduction or declining demand [3][29]. Food Safety Crisis - The food safety issue arose when a consumer reported finding a "bloody band-aid" in a zongzi produced by Wufangzhai for a partner brand, leading to a 45% increase in return rates and a loss of consumer trust [3][10]. - Despite Wufangzhai's efforts to address the crisis through public statements and investigations, consumer skepticism remained high, questioning the effectiveness of their quality control measures [11][19]. Market Trends and Consumer Behavior - There is a noticeable decline in consumer interest in traditional zongzi, with younger generations showing less enthusiasm for the product, which is now seen as less of a delicacy compared to the past [20][24]. - The article highlights a shift in consumer preferences towards healthier, low-sugar, and low-fat food options, which Wufangzhai has not adequately addressed in its product offerings [25][30]. Strategic Challenges - Wufangzhai's reliance on seasonal sales, particularly during the Dragon Boat Festival, poses a risk as the market for traditional gift foods declines [28][30]. - The company has attempted to diversify its product line but has not successfully created a new growth curve, remaining heavily dependent on zongzi sales [28][30]. Recommendations for Future Growth - Experts suggest that Wufangzhai should innovate its product offerings to include smaller, more diverse options that cater to modern consumer preferences, potentially integrating with other food trends like tea [30][32]. - There is a call for Wufangzhai to enhance its marketing strategies and explore new sales channels beyond traditional retail to sustain growth [32].

作者 | 谭保罗 编辑 | 江江 值班编辑｜ 宝珠 视觉 | 顾芗 2025年以来，来自特朗普政府的"政策冲击波"，给国际金融市场带来了前所未有的影响。有人认为，美 元国际货币的地位将受到挑战，黄金、比特币等替代品，将对美元形成越来越强的替代效应。 数据似乎也在佐证这一点。拉长时间线，从2023年初到2025年5月，黄金已从刚刚超过1800美元每盎司 涨到了3300美元以上，涨幅超过80%。比特币也重拾涨势，但它远远没有得到黄金那样的全球认可度， 并非真正的法定货币，加上投机属性过重，因此不予讨论。 实际上，除了黄金等替代品之外，另一种创立之初便有挑战美元雄心的替代品，同样值得关注。它就是 欧元。 这个国家，果断放弃货币主权 差不多和黄金这一轮涨价的时间通道（始于2023年至今）重合，欧元区发生了两件大事。 一是欧元区版图再次扩张。2023年，克罗地亚正式加入欧元区，全国以欧元为法定货币，成为第20个采 用欧元货币的国家。克罗地亚不到400万人口，其加入就欧元区的体量而言，无太大影响。但作为一个 相对欠发达的国家，能加入欧元区，无疑说明了欧元区主导大国如德国、法国和意大利等，推动欧 元"做大做强"的决心愈发坚 ...

作者 | 闰然 编辑 | 江江 新媒体编辑｜ 宝珠 视觉 | 顾芗 巨头的商战总是很精彩。在外卖平台"激进补贴"的价格竞争下，许多人都开始抱怨自己"长胖了"——饭 也不做了，每天游走在三大平台忙着选外卖，冰箱里囤满了饮料，吃不完就冻起来。 毕竟，人生难得遇到几回商战，回想上一轮的外卖大战已经是十年前了。 2015年的外卖大战中，饿了么、美团外卖、百度外卖骑手正在商家出餐口等待取餐 "可恶的外卖商战，伤害的居然是我的身材"，大家一边在网上抱怨，一边详细询问怎么才能获得更优惠 的券。 面对京东的入局，2025年5月26日，在业绩电话会上，美团董事长兼首席执行官王兴高调应战，"我们会 不惜一切代价赢得这场竞争"。 又要有更强劲的补贴了？美团最终会赢得胜利吗？ 我们每天要点多少外卖？ 最新数据显示，京东外卖日单量已突破2000万。淘宝闪购联姻饿了么后，日均4000万订单的规模优势也 显现出来，而美团此前的数据显示日均能达到6000万单以上。 数据惊人，这场游戏的胜者，的确是非常有价值的。 业绩会上，王兴罕见地发表长篇大论称，我们准备不惜一切代价赢得这场战斗，并巩固我们的市场领导 地位。 此举被外界解读为，美团将不惜一 ...

Core Viewpoint - The gaming industry in Guangzhou is experiencing significant growth, with total revenue projected to reach approximately 140.67 billion yuan in 2024, marking a year-on-year increase of about 10.5% and accounting for 43.17% of the national gaming revenue [2][26]. Group 1: Industry Overview - The gaming industry in Guangzhou is the largest in China, with over 25% of the national workforce in this sector [2]. - Guangzhou has 28 companies listed in the top 100 Chinese mini-game enterprises, the highest number in the country [2][26]. - The gaming industry is recognized for its explosive growth potential, having surpassed the combined revenues of the music and film industries globally as early as 2018 [18]. Group 2: Company Spotlight - Kuro Technology - Kuro Technology, known for its game "Ningchao," has taken a unique approach by launching a globally synchronized version of the game, a strategy not commonly adopted even by larger companies [6][11]. - The development of "Ningchao" involved over three years of research and development with costs exceeding several hundred million yuan, showcasing a high-risk, high-reward strategy [11][12]. - The game achieved over 30 million global pre-registrations and ranked highly on iOS download charts in 107 countries upon its release [11][12]. Group 3: Policy and Future Development - Guangdong province has introduced targeted policies to enhance the gaming and e-sports industry, focusing on cultural empowerment and technological innovation [28][29]. - The gaming industry is seen as a vital part of the cultural economy, with Guangzhou's cultural industry revenue reaching 604.1 billion yuan in 2024, a 4% increase year-on-year [29]. - The establishment of the "Game Valley" in the Greater Bay Area aims to create a comprehensive gaming production ecosystem, integrating research, development, and distribution [23][27].

Core Viewpoint - Wang Shi, the founder of Vanke, is attempting to establish smooth communication with the decision-making team of Vanke to ensure a stable transition and protect the interests of investors, partners, and employees [2] Group 1: Leadership Transition - Wang Shi has officially stepped down and passed the baton to Yu Liang, marking a significant leadership change after 33 years of contribution to the company [5] - Wang Shi is now the honorary chairman of the board and does not participate in company governance, focusing instead on social responsibilities such as education and climate initiatives [5] - Despite stepping back from management, Wang Shi has chosen to forgo his substantial retirement compensation in light of the company's liquidity challenges [5][6] Group 2: Financial Performance and Strategy - Vanke's management team has been adjusted due to significant projected losses for 2024, with a focus on enhancing operational management to mitigate risks and protect stakeholders [6] - In Q1, Vanke reported nearly 38 billion in revenue and over 35 billion in sales, achieving a repayment rate exceeding 100% and delivering over 10,000 high-quality homes [6] - The company has seen strong sales performance in various regions, with new residential products achieving high sales rates, and its long-term rental business leading the industry in scale and efficiency [6]

以下文章来源于豹变 ，作者詹方歌 豹变 . 直抵核心。做最具穿透力、洞察力的商业观察，深度影响未来。 本文转载自豹变 编辑 | 江江 视觉 | 顾芗 上世纪80年代，改革开放的新浪潮刚开始翻涌，中国船舶工业接下了第一张来自外商的订单。当时，全 球范围内90%的船舶订单由发达国家承接，中国要想实现出口的突破，需要在剩下不足10%的份额中杀 出一条生存的血路。 客观来说，当年中国的发展远远落后于发达国家，甚至没有造船所需的精密测量工具。2.7万吨的货轮， 内外部的设计全部靠铅笔和比例尺。500余天的努力之后，英国验船师来验收成果，不禁惊叹——179米 总长的船，只有2毫米的误差。 这是中国人按照国际标准造出的第一艘出口轮船，叫"长城号"。 管理学上有个非常著名的"飞轮效应"，用来形容中国企业的出海之路非常恰当：为了让静止的飞轮转起 来，一开始必须非常费力。但是当足够大的力让它转起来，飞轮便会越转越快。 四十多年后的今天，中国已不同于往日。年初，DeepSeek带来的震撼还未平息，来自中国的无人驾驶新 浪潮便开始席卷世界。 长久以来，这个领域最突出的玩家分别是来自美国的Waymo、特斯拉，来自中国百度旗下的萝卜快跑 ...

Core Viewpoint - The article discusses the success of the mobile game "Endless Winter," developed by Point Interactive, which has outperformed major competitors in the mobile gaming industry, achieving significant revenue milestones and user engagement metrics [4][6][34]. Group 1: Game Performance and Revenue - "Endless Winter" has generated a total revenue of $2.25 billion (over 160 billion RMB) globally since its launch, making it one of the fastest mobile games to surpass $2 billion in revenue within five years [5][34]. - The game ranked first in the overseas revenue chart for Chinese mobile games, surpassing established titles from companies like MiHoYo, Tencent, and NetEase [4][34]. - In April 2025, the iOS version of "Endless Winter" achieved a monthly revenue of 380 million RMB, maintaining its position as the top-grossing mobile game in the overseas market [34]. Group 2: Marketing and User Acquisition Strategies - The game employs aggressive advertising strategies, frequently appearing in casual games and short video platforms to capture potential users during their fragmented time [10][11]. - Point Interactive has invested heavily in user acquisition, with marketing expenses reaching 7.46 billion RMB in 2024, a significant increase from 3.37 billion RMB in 2023 [21][36]. - The game utilizes a dual approach of offering players the option to either spend money or watch ads, effectively drawing in users from casual gaming backgrounds [8][10]. Group 3: Game Mechanics and User Engagement - "Endless Winter" initially presents itself as a casual simulation game but transitions into a strategy game (SLG) as players progress, which has led to high user retention rates [27][28]. - The game has a monthly retention rate of 8%, exceeding the typical 3.2% for SLG games, attributed to the time investment required for town building and social features [28][34]. - Players often feel compelled to spend money to remain competitive, leading to perceptions of the game being "pay-to-win" [38]. Group 4: Financial Impact on Parent Company - The parent company, Century Huatong, reported a record revenue of 22.62 billion RMB in 2024, a 70.27% increase year-over-year, largely driven by the success of "Endless Winter" [35][36]. - Point Interactive's revenue for 2024 was approximately 15 billion RMB, contributing 70% to the overall revenue of Century Huatong [36][37]. - The success of "Endless Winter" has positioned Point Interactive among the top 50 global mobile app publishers, ranking 19th in 2024 [34].

本文转载自证劵时报 值班编辑 | 宝珠 视觉 | 诺言 作为知名商业地产开发商，万达集团的一举一动备受关注。 5月26日，"王健林再卖48座万达广场"话题再次冲上热搜。 据国家市场监管总局近日披露的信息，太盟（珠海）管理咨询合伙企业（有限合伙）（以下简称"太盟 投资集团"）、高和丰德（北京）企业管理服务有限公司、腾讯控股有限公司、北京市潘达商业管理有 限公司、阳光人寿保险股份有限公司直接或通过其各自关联方共同设立合营企业，并通过合营企业收购 大连万达商业管理集团股份有限公司（以下简称"大连万达"）直接或间接持有的48家目标公司的100%股 权。 三十六十六日 键输入复造询的内容 Q) tion for Market Regulation ♡ 服务 = 互动 国 新闻 le 政务 8= 专题 份 首页 品 机构 你的位置:直页>专题>强化反盗新执法 2025年5月5日—5月11日 无条件批准经营者集中案件列表 c & @ 发布时间:2025-05-20 08:28 信息来源:反盗断执法二司 序号 案件名称 参与集中的经营者 审结时间 太盟(珠海) 管理咨询合伙企业(有限合伙) 高和丰德(北京) 企业管理服务有限 ...

Core Viewpoint - The article discusses the current challenges faced by Crocs, the original brand of "croc" shoes, as it experiences a decline in revenue growth and increasing competition from cheaper alternatives in the market [8][25][29]. Group 1: Market Performance - Crocs reported a revenue of $937.33 million for Q1 2025, showing a slight decrease of 0.14% year-over-year [8][9]. - The revenue growth rates from 2021 to 2024 were significantly high at 66.92%, 53.67%, 11.46%, and 3.53%, indicating a clear downward trend in growth [8]. - The brand's unique selling proposition, including comfort and patented materials, is being challenged by the influx of cheaper alternatives [14][20]. Group 2: Consumer Behavior - Consumers are increasingly opting for lower-priced alternatives, with many finding similar styles for as low as 30 yuan, which diminishes the perceived value of Crocs [20][24]. - The trend of "ugly can be beautiful" has contributed to the popularity of Crocs, but the brand's identity is not strongly associated with a lifestyle or identity among Chinese consumers [11][30]. - The seasonal nature of Crocs as a summer product limits its market potential in regions with colder climates, affecting overall sales [32][36]. Group 3: Competitive Landscape - The market is seeing a rise in various brands offering similar "croc" styles, including collaborations and lower-priced options from brands like Li Ning and Skechers [20][21]. - The competition is intensified by the emergence of online platforms where consumers can find cheaper alternatives, leading to a shift in consumer purchasing behavior [21][24]. - Crocs' management acknowledges the impact of trade policy changes on competition, which may further challenge its market position [27]. Group 4: Brand Identity and Future Outlook - Crocs struggles to establish a unique brand identity that resonates with consumers, as many do not feel a psychological burden when purchasing counterfeit versions [29]. - The brand's attempts to diversify its product line, such as introducing winter styles, have not significantly changed consumer perception of it as a summer-only product [32][36]. - To achieve explosive growth again, Crocs may need to wait for the next trend to emerge, as its current market position is constrained by cultural and seasonal factors [37].