真正的问题是，当代中国并没有一套对抗传统时代结婚生子到点打卡的价值观体系。 注意，不是一个观点，而是一整套价值体系。 以下文章来源于诗翰 ，作者卢诗翰的赞赏小号 诗翰 . 本文来自微信公众号： 诗翰 ，作者：卢诗翰的赞赏小号，题图来自：视觉中国 当下很现实的一个问题是，大家老喜欢用情绪和口号去面对问题，却很少思索真正的问题。 世界是我们的游乐场 比如好多人批评父母管的多，有的痛斥原生家庭，还有的骂男方这边。 与此同时，我们又拥有全世界最严苛，近乎准军事化的教育路线，沉没成本爆炸。两者一结合，最终就是婚姻这个环节成为矛盾爆发 点。 中国学生从很小的时候，就开启早6晚9的密集课程，一天八节课外加早自习晚自习。如果你把学生视为一种工作，那么中国学生无论是 在工作时长，还是考勤频次，绩效压力上，都超越市面主流工作。 大厂有绩效考核有周报，已经被视为高压岗位代表了，但学生，尤其是高三阶段，那可是名副其实的三天一小考五天一大考，还要直接 出分排名次的。 同时，校外部分，还面对娱乐上的围追堵截，早恋的严防死守。 成年人玩累了可以刷短视频玩游戏放松一下，未成年人那可是打两把王者都要被防沉迷的。 这套内卷圣骑士体系，原因之前也 ...

Core Viewpoint - Mannings China has announced its complete withdrawal from the Chinese market, ceasing all offline stores and online operations by January 2026, with the last operating day for its physical stores set for January 15, 2026 [5][6]. Group 1: Missed Opportunities - Mannings entered the mainland market in 2004 during a period of rapid growth in China's retail sector, but failed to capitalize on this opportunity due to a cautious and slow expansion strategy compared to competitors like Watsons, which aggressively expanded to over 3,000 stores across more than 300 cities [9][10]. - The complexity of the Chinese market, characterized by diverse cultural and economic factors, was underestimated by Mannings, leading to a lack of sufficient store density necessary for brand visibility and supply chain efficiency [10][11]. - Mannings' conservative approach, possibly influenced by its parent company DFI Retail Group, hindered its ability to transition from a regional to a national brand, resulting in a limited presence primarily in Southern China [12][13]. Group 2: Changing Consumer Behavior - The shift in consumer demographics, particularly among younger generations (80s, 90s, and Gen Z), has led to a disconnect between Mannings' store experience and the expectations of modern consumers who prioritize autonomy and information transparency in their shopping experiences [16][18]. - Young consumers often use social media to research products before visiting stores, leading to a preference for brands that engage them through relatable marketing and community-building, which Mannings failed to provide [20][21]. - Mannings' traditional sales approach, which relied on proactive staff recommendations, was perceived as intrusive by younger shoppers, further alienating them from the brand [19][22]. Group 3: Ineffective Retail Formula - Mannings struggled to establish itself as a trusted health advisor for both younger consumers and the aging population, ultimately losing core customer segments due to its ambiguous positioning [25]. - The company's supply chain efficiency lagged behind competitors, impacting its ability to respond quickly to market changes and consumer preferences, which is crucial in the fast-evolving retail landscape [26][27]. - The inability to adapt to the rapid changes in consumer values and behaviors resulted in Mannings losing relevance in the market, as it continued to operate under outdated retail strategies [28]. Group 4: DFI's Strategic Choices - DFI's decision to withdraw Mannings from the Chinese market reflects a broader strategic choice rather than a complete retreat, as the group continues to operate successfully in other sectors, such as dining and supermarkets [29][30]. - DFI's restaurant business, exemplified by successful brands like Maxims, has effectively tapped into the demand for international dining experiences among Chinese consumers, contrasting with Mannings' struggles in the retail space [30][32]. - The partnership between DFI's supermarket chain, Wellcome, and the fresh food e-commerce platform Dingdong Maicai illustrates a proactive approach to leveraging digital channels and supply chain capabilities, highlighting a strategic pivot away from the challenges faced by Mannings [32][34].

以下文章来源于妙投APP ，作者董必政 虎嗅旗下二级市场投研服务品牌，为您提供精选上市公司价值拆解，热门赛道产业链梳理 出品 | 妙投APP 资本市场正在力捧GPU的国产叙事。既然错过了上一个，这一个绝不能放过。 这一次，高光属于沐曦股份。 今天，沐曦股份登陆A股，首日高开568.83%，报700元，按开盘价计算，中一签可赚29.77万元。这 超过了摩尔线程的26.79万元，刷新了A股单签收益纪录。 截至12月17日中午收盘，沐曦的市值为3299亿、摩尔线程的市值为3330亿，寒武纪的市值为5391 亿。 对比3家国产英伟达的市值，妙投认为寒武纪总市值高于沐曦、摩尔线程的原因在于寒武纪的营收规 模最大且已经实现盈利，而沐曦、摩尔线程尚未盈利，市值相差不大。 不过，沐曦首日上市无涨跌幅限制，其市值波动容易受市场情绪的影响。 妙投APP . 此刻，我们必须穿透情绪的迷雾，去考量沐曦能否像摩尔、寒武纪那样，凭什么撑起即将到来的千 亿市值？ 作者 | 董必政 编辑 | 关雪菁 头图 | 沐曦 长期来看，它必须找到一条路，能够真正打穿英伟达的护城墙。 而眼下，沐曦选择的一条更加"识时务者为俊杰"的路线。 # 01 一、 ...

大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 昨夜今晨 【帮周鸿祎做数十亿假账？360集团回应】 12月16日，前360高级副总裁玉红公开表示曾帮助360集团创始人周鸿祎做假账达数十亿元，对此，360集团发 文回应称：玉红曾担任Gamewave游戏公司负责人，该公司十多年前被原360美股上市主体Qihoo360收购。 玉红2014年入职360集团下属公司，一年后因个人原因离职，在职期间从未担任360集团核心管理层职务，"财 务造假"等言论完全背离事实。 针对玉红对周鸿祎及相关企业家的恶意诽谤，360集团表示将依法采取法律措施追究其法律责任。 【特斯拉股价新高！三日累涨超9%，AI叙事主导涨势】 周二特斯拉涨势不歇，连续第三个交易日收涨，涨幅达3%，报489.8美元、突破2024年12月18日的历史高点 488.54美元，总市值超1.6万亿美元。 上周五特斯拉股价开启涨势以来，已经累计上涨9.33%。而自4月初因特朗普关税攻势引发的市场动荡触及低 点后，特斯拉股价累涨逾一倍。 对这家电动汽车制造商而言，这是一次艰难的复苏。Hargreaves Lansdown高级股票分 ...

Group 1 - The article discusses the anticipated normalization of Japan's monetary policy, with a high probability of a 25 basis point interest rate hike, which has surged from 20% to 94% since early December [6][45]. - Japan's core CPI has remained above the central bank's 2% target for 28 consecutive months, indicating a shift from deflation to inflation driven by wage increases in the service sector [12][19]. - The article highlights that Japan's output gap has been positive for three consecutive quarters, suggesting that demand is exceeding supply, which is a significant change for a country that has experienced low consumer demand for decades [22][24]. Group 2 - The article notes that Japan's long-standing low interest rates are misaligned with the current inflation rate, which is around 3%, while the policy rate is only 0.5% [26][28]. - It emphasizes the potential impact of a 25 basis point rate hike on global capital flows, particularly as Japanese investors are the largest foreign holders of U.S. Treasuries, with holdings of approximately $1.2 trillion [72]. - The article warns that a tightening of liquidity due to Japan's rate hike could lead to significant capital outflows from emerging markets, which are already facing high external debt levels [85][87]. Group 3 - The article predicts that major Japanese banks will benefit from the rate hike, with Mitsubishi UFJ Bank estimating an increase in net profit by 480 billion yen due to improved net interest margins [91]. - However, the real estate market may suffer as higher interest rates could lead to increased mortgage costs, potentially decreasing new home sales by 12% in 2026 [94][96]. - The article concludes that while the short-term effects may include market volatility and a downturn in housing prices, normalizing interest rates is essential for Japan's long-term economic recovery [101].

Core Viewpoint - The article discusses the emerging profession of providing companionship to the elderly in Shenzhen, highlighting the emotional needs of seniors and the challenges faced in matching service providers with clients [4][6]. Group 1: Market Demand and Supply - There is a significant demand for companionship services for the elderly, with many posts on social media seeking individuals to accompany seniors for activities like walking and chatting [4][6]. - The fifth national survey indicates that 59.7% of elderly people live in empty-nest families, with approximately 160 million seniors aged 60 and above living alone, half of whom are over 80 years old [8]. - A large percentage (78%) of seniors prioritize companionship over basic care needs, indicating a strong emotional demand that is often overlooked [8]. Group 2: Service Provider Insights - Service providers, like a companion named Yi Rong, report that many families are unaware of where to find suitable companionship services, and the market for such services is still developing [6][10]. - Yi Rong has provided companionship services to around 10 elderly individuals, noting that many seniors are often left alone for over 12 hours a day, leading to feelings of loneliness and isolation [10][11]. - The companionship service is seen as emotionally labor-intensive, requiring providers to establish trust and rapport with elderly clients, which can be challenging [15][16]. Group 3: Pricing and Market Standards - The pricing for companionship services varies widely, with some institutions in Shenzhen charging around 200 yuan per hour, typically requiring a minimum of three hours [17][19]. - Yi Rong's pricing is higher for companionship services compared to medical escort services due to the emotional and physical demands involved [19]. - The lack of regulatory standards in the companionship service market raises concerns for providers regarding the handling of gifts and the management of client relationships [20]. Group 4: Industry Challenges and Opportunities - The companionship service industry lacks a unified standard and regulatory oversight, making it difficult for providers to navigate operational challenges [20]. - As of the end of 2023, the elderly population in China reached 297 million, accounting for 21.1% of the total population, highlighting the growing need for companionship services as traditional family structures evolve [20]. - The role of companionship providers is seen as a potential solution to fill the emotional void experienced by many seniors, although they cannot replace familial relationships [20].

Core Insights - The AI industry is experiencing a unique state of high activity as it approaches 2025, with a surge in the release of large models and an emphasis on their enhanced capabilities [2][3] - Despite the technological advancements, the practical experience for users and enterprises is not as seamless as advertised, leading to concerns about the effectiveness of AI investments [4][5] - The true value of AI technology is expected to emerge from real-world applications rather than theoretical models, necessitating integration into industries with low tolerance for error and complex processes [6][7][8] Industry Dynamics - The AI sector is at a critical juncture where the competition based on model parameters is becoming unsustainable; the focus must shift to practical applications and industry-specific adaptations [12][18] - Advanced manufacturing, particularly represented by companies like TCL, is seen as a key area for AI implementation, where the stakes are high due to low tolerance for errors and intricate process chains [13][14][15] Company Case Study: TCL - TCL has invested significantly in R&D, with over 60 billion RMB projected from 2019 to 2024, establishing a robust foundation for AI applications across its diverse product lines [21][22] - The company has developed specialized AI models tailored to its manufacturing processes, such as the Xingzhi model for display technology and the Deep Blue model for photovoltaic applications, which address specific industry challenges [27][23] - TCL's approach emphasizes collaboration with ecosystem partners to create domain-specific models that integrate seamlessly into existing manufacturing processes, enhancing efficiency and reducing costs [23][24] Practical Applications and Outcomes - In the semiconductor display sector, TCL's collaboration with Alibaba Cloud has led to a model that improves defect diagnosis efficiency by approximately 20% and material development efficiency by 30% [31] - In the photovoltaic sector, AI has enabled operators to manage over 300 crystal growth furnaces, increasing efficiency and reducing operational costs by about 21% [34] - These advancements not only enhance B2B operations but also translate into improved consumer products, with TCL's innovations leading to higher market shares and better user experiences [41][43] Future Outlook - The ongoing evolution of large models will continue, but companies lacking real-world applications may struggle to remain relevant in the industry [45][49] - The integration of AI into manufacturing processes is expected to redefine operational efficiencies and user experiences, positioning AI as an essential infrastructure in the future [48][49]

Core Viewpoint - The article discusses the significant challenges facing the refined oil industry in China due to the rapid rise of electric vehicles (EVs) and the shift towards cleaner energy, leading to a peak and subsequent decline in refined oil consumption [4][5]. Industry Overview - In 2024, China's apparent oil consumption is projected to be 756 million tons, with refined oil consumption at 390 million tons, reflecting a year-on-year decrease of 2.4% [5]. - The rapid advancement of energy alternatives has weakened the demand for traditional energy sources, compounded by fluctuating international oil prices, which have further pressured the refining sector [5][10]. Market Dynamics - The penetration rate of new energy vehicles reached a historic high of 53.2% in November, with sales of 1.823 million units, marking a 20.6% year-on-year increase [8]. - By mid-2025, the total number of vehicles in China is expected to reach 359 million, with new energy vehicles accounting for 10.27% of this total, up from 8.9% at the end of 2024 [9]. Consumption Trends - The gasoline consumption is projected to decline significantly, with estimates suggesting that by 2025, new energy vehicles will replace approximately 34.58 million tons of gasoline, equating to 21% of the national gasoline demand in 2024 [9][10]. - The monthly average gasoline consumption in China has already shown a decline of 5.04% year-on-year as of October 2025 [10]. Industry Challenges - The refined oil industry is entering a "reduction development" phase, with major oil companies experiencing shrinking profits. For instance, China Petroleum's net profit dropped by 32.23% in the first three quarters of the year [14]. - The number of gas stations in China is expected to decrease significantly, with projections indicating a reduction of 20,000 stations by 2030, leading to a daily loss of approximately 10 stations [22]. Competitive Landscape - The majority of gas stations in China are privately owned, yet they account for only 25% of total refined oil sales, highlighting a disparity in sales volume despite their large numbers [19]. - The shift towards alternative energy sources is intensifying competition among gas stations, with many facing severe sales declines, some reporting drops of over 50% from peak levels [20][21]. Transition to New Energy - The industry consensus is shifting from traditional fuel suppliers to comprehensive energy service providers, although the transition poses significant challenges, particularly for smaller private gas stations [25][31]. - Major oil companies are investing heavily in the development of charging infrastructure, with China Petroleum planning to invest approximately 71.88 billion yuan in energy stations and charging facilities in 2024 [27]. Future Outlook - The article suggests that the future of gas stations, especially private ones, is precarious, with many unable to adapt to the rapid changes in energy consumption patterns [33].

Core Viewpoint - The article discusses the alarming rise in layoffs in the U.S., with over 1.17 million employees laid off as of November, marking a 54% increase from the previous year, reminiscent of the 2008-2009 financial crisis [5][6]. Group 1: Causes of Layoffs - The primary cause of layoffs is attributed to the efficiency revolution led by the DOGE department, resulting in 293,753 federal employees and contractors losing their jobs, with an additional 20,976 in the private and non-profit sectors, an eightfold increase compared to 2024 [15]. - The macroeconomic environment, characterized by high costs and tariffs, is also a significant factor, as many companies face debt repayment pressures from loans taken during the low-interest period of 2020-2021 [18][19]. - Retail, service, and food industries are the hardest hit, with retail experiencing a 20% drop in consumer confidence and significant job cuts from companies like Target and Starbucks due to rising prices and reduced consumer spending [27][30][32]. Group 2: Impact on Different Sectors - The retail sector has seen massive layoffs, with companies like Target cutting 1,800 jobs and Starbucks 900 due to decreased consumer spending [30]. - The service industry has also been affected, with 69,089 layoffs, a 64% increase, as companies like UPS cut 14,000 management positions to improve efficiency [30]. - The food industry faced 34,165 layoffs, with rising costs leading to job cuts in beef processing companies [32]. Group 3: Technology and Management Changes - The technology sector has contributed significantly to layoffs, with 35% of the total layoffs coming from this industry, particularly affecting middle management roles [47][48]. - Companies are increasingly using layoffs as a management tool to improve profitability, with a new focus on revenue per employee as a key performance indicator [50]. - The trend of cutting middle management has led to immediate operational cost savings, with companies like Amazon and Verizon reporting significant efficiency improvements after layoffs [57]. Group 4: Future Outlook - The technology sector is expected to continue this trend, with predictions of a peak in cost-cutting benefits by 2026, potentially reducing operational costs and increasing profit margins [60]. - However, the loss of middle management, which often holds critical technical knowledge, may extend product development cycles and hinder innovation [65][74]. - The article warns that excessive cost-cutting could erode the foundation of innovation in the tech industry, leading to a talent shortage and reduced research and development investment [75][73].

Core Viewpoint - The article discusses the common issue of static electricity during winter, highlighting its causes and various methods to mitigate its effects on daily life. Group 1: Causes of Static Electricity - Static electricity is primarily caused by friction, where electrons are transferred between materials, leading to an accumulation of electric charge on the body [28][29]. - The dry air in winter prevents the dissipation of electric charges, making static shocks more frequent compared to humid summer conditions [31][32]. Group 2: Materials and Static Electricity - The type of clothing material significantly affects static electricity; polyester fibers tend to accumulate more static charge compared to cotton, which is more neutral [34][40]. - The triboelectric series ranks materials based on their tendency to gain or lose electrons, influencing the intensity of static electricity generated [35][38]. Group 3: Solutions to Combat Static Electricity - Wearing cotton clothing can reduce static electricity due to its moisture-absorbing properties and neutral charge [43][44]. - Using fabric softeners and anti-static sprays can provide temporary relief by creating a conductive layer on clothing [61][62]. - Maintaining indoor humidity levels between 40% to 60% can significantly reduce static charge accumulation [64][65]. Group 4: Physical Discharge Methods - Touching a wall or using a metal object like a key to discharge static electricity can be effective methods to prevent shocks [72][75]. - Industrial anti-static wristbands are reliable for grounding static electricity but are impractical for everyday use [79][84]. Group 5: Individual Variability - The effectiveness of anti-static measures can vary greatly among individuals due to differences in body chemistry, clothing habits, and environmental conditions [93][94]. - A multi-faceted approach combining various methods is recommended for optimal results in reducing static electricity [95].