字母榜 . 让未来不止于大 以下文章来源于字母榜 ，作者苗正 本文来自微信公众号： 字母榜 ，作者：苗正，编辑：王靖，题图来自：视觉中国 苹果公司即将迎来一场重大的权力交接。据彭博社报道， 现年64岁的蒂姆·库克最早可能在2026年卸 任CEO一职， 结束他长达15年的掌舵生涯。 所以无论最终是谁接任CEO，首要任务都已经非常明确： 在保持业务平稳运行的前提下，扭转苹果 在AI领域被动落后的局面。 可这个任务说起来简单，做起来却异常艰难。 按照苹果的一贯风格，CEO的接班人选会从内部高管中产生。 一 彭博社在文章中指出， 硬件工程高级副总裁约翰·特努斯 （John Ternus） 现在被普遍认为是最有可 能的人选。 一位接近苹果高管团队的人士表示，"蒂姆非常喜欢他，因为他擅长做演示，性格温和，从不在邮件 中留下争议性内容，而且做决策时极为谨慎。他在很多管理特质上与蒂姆非常相似。"库克也曾公开 称赞特努斯拥有 "深厚的专业知识和广泛的经验"。 但对于消费者乃至整个科技圈来说，最关心的问题是： 谁将接过这家市值超过4万亿美元的科技巨 头？ 库克治下的苹果创造了商业史上的奇迹。从2011年接任至今，苹果市值从350 ...

以下文章来源于国民经略 ，作者凯风 国民经略 . 在这里，读懂中国经济、城市和楼市 本文来自微信公众号： 国民经略 ，作者：凯风，原文标题：《不具备条件！地铁建设，又收紧 了》，题图来自：视觉中国 这些城市，新一轮地铁规划"搁浅"。 近日，宁波官方表示，轨道交通客流强度有待进一步提升，目前暂不具备报批第四期轨道交通建设项 目的条件。 一 然而，根据交通部数据，在已开通地铁的40多座城市中，总体客流强度达标的仅有1/3。 客流强度超过1万人次/公里日的只有8城：深圳、广州、上海、北京、长沙、西安、哈尔滨、兰州。 | | | | | 2025年10月城市轨道交通运营数据速报 | | | | --- | --- | --- | --- | --- | --- | --- | | 序号 | 城市 | 运营线 | 运营早程 | 客运重 | 进站量 | 各运强度 | | | | 路条数 | (公里) | (万人次) | (万人次) | (万人次每公里日) | | 1 | 北京 | 29 | 879.0 | 29430.9 | 16203.8 | 1.08 | | 2 | 上海 | 22 | 871.6 | 30180.8 ...

Core Viewpoint - The article discusses the contrasting perceptions of the Antarctic and Arctic regions, highlighting the growing popularity of Antarctic tourism among Chinese entrepreneurs and the unique experiences it offers compared to the Arctic [4][8][12]. Group 1: New Oriental's Anniversary and Public Reaction - On November 16, New Oriental celebrated its 32nd anniversary, with founder Yu Minhong expressing gratitude to employees and supporters from Antarctica, emphasizing themes of perseverance and hope [4]. - Some employees responded critically to Yu's message, sharing their own struggles and contrasting their situations with his Antarctic experience, leading to a wave of online commentary [5][6]. Group 2: Antarctic Tourism Trends - Antarctic tourism is becoming a significant choice for high-end travelers, with Chinese tourists reaching 11,705 in the 2024-2025 season, accounting for 10% of global visitors [8]. - In contrast, the Arctic attracts significantly fewer Chinese tourists, with estimates of 250-500 annually, highlighting the disparity in appeal between the two polar regions [8]. Group 3: Reasons for Antarctic Appeal - The Antarctic is perceived as more mysterious and less accessible than the Arctic, which is home to several countries and has more familiar landscapes [9][10]. - The extreme conditions and unique geography of Antarctica, including its vast ice-covered landmass, contribute to its allure as a destination for adventure and exploration [10]. Group 4: Entrepreneurial Interest in Antarctica - Notable Chinese entrepreneurs, such as Hu Run and Wang Shi, have visited Antarctica, indicating its status as a prestigious destination for business leaders [12]. - The high costs associated with Antarctic travel, ranging from 250,000 to 800,000 yuan for a 10-15 day trip, align with the luxury and exclusivity sought by this demographic [14][15]. Group 5: High-End Custom Services - The emergence of high-end custom travel services for Antarctic tourism caters to the needs of business networking and personal growth, offering unique experiences that blend nature and social interaction [16][17]. - Promotional materials for these trips emphasize the combination of natural beauty, personal reflection, and valuable networking opportunities among elite business leaders [17].

Core Insights - The article discusses the transformation of the music industry in China, highlighting the rapid growth of companies like Hai Kui Music and Kua Jing Music, which have significantly increased their revenue and employee count in a short period [4][5]. - Tencent Music Entertainment (TME) plays a crucial role in this transformation, forming alliances with numerous music companies and achieving substantial revenue growth [6][8]. - The rise of short videos has reshaped the music landscape, leading to a focus on viral hits and a shift from traditional music production to a more market-driven approach [10][18]. Group 1 - Hai Kui Music has grown from 29 employees to 500 and has generated an annual output value of 600 million yuan [4][5]. - Kua Jing Music is recognized for its significant revenue growth, with a 47.7% increase in the first eight months of the year [5]. - TME's revenue increased by 20.6% to 8.46 billion yuan in Q3 2025, with a 27% rise in adjusted net profit, marking eight consecutive quarters of double-digit growth [6]. Group 2 - The music industry is undergoing a major shift, with online platforms capturing more market share and traditional record companies facing disruption [8][10]. - Short video platforms have become a significant source of revenue for music companies, with viral songs generating substantial profits [10][14]. - The industry is experiencing a crisis as independent musicians and professionals navigate the challenges of a rapidly changing landscape, leading to a mix of opportunities and risks [10][18]. Group 3 - The article highlights the emergence of a new music creation model, where songs are quickly produced and tested for viral potential on short video platforms [12][14]. - There is a growing trend of music companies focusing on creating "emotional hits" that are designed to go viral, often at the expense of artistic integrity [15][18]. - The influx of new music has led to a saturation of the market, with many songs going unheard despite the increase in production [34][39]. Group 4 - The article notes that the average revenue per thousand plays on domestic platforms is around 1 yuan, significantly lower than the 20-50 yuan seen on international platforms [39]. - The competitive landscape has led to a decrease in income for musicians, with many struggling to make a living from their art [40][41]. - The industry is facing a cycle of homogenization and low quality, as companies prioritize quick profits over artistic value [29][43]. Group 5 - Despite the challenges, there is optimism for the future of Chinese music, with some artists continuing to pursue their passion for creating quality music [57][58]. - The article emphasizes the need for a more supportive infrastructure for independent musicians, including better access to management and marketing resources [53][56]. - The evolution of the music industry is ongoing, with both traditional and digital platforms seeking to balance quality content with the demands of a rapidly changing market [50][52].

Core Viewpoint - Blueglass, a premium yogurt brand, is facing significant challenges as it has recently reduced prices on third-party delivery platforms, indicating a shift from its high-end positioning to address declining sales and consumer interest [5][6][18]. Pricing Strategy - Blueglass has slashed prices on several products, with some items on delivery platforms priced as low as 19.9 yuan, a 60% reduction from the original price of 49 yuan [5][7]. - The brand's promotional bundles have also seen steep discounts, with some combinations dropping to as low as 23.9 yuan from original prices around 53.5 yuan [7][10]. Consumer Behavior - Foot traffic in Blueglass stores has significantly decreased, with reports of no customers during peak lunch hours, suggesting a loss of interest among its target demographic [8][10]. - A former employee indicated that the price cuts are part of a long-term strategy due to poor sales performance, contradicting the company's claim that the discounts are temporary [10]. Brand Positioning and Marketing - Initially targeting health-conscious middle-class women, Blueglass has struggled to maintain its premium image amid changing consumer preferences and increased competition from new beverage brands [12][18]. - The brand's marketing strategies, including collaborations with fitness and beauty brands, have not been sufficient to sustain its high-end appeal as consumer expectations evolve [12][13]. Health and Safety Concerns - Blueglass has faced criticism and controversy over its health claims, particularly regarding its "畅" series of yogurts, which have been linked to adverse health effects, leading to a trust crisis among consumers [14][15]. - The brand has been penalized for misleading advertising, which has further damaged its reputation and consumer trust [15]. Industry Trends - The high-end yogurt market is experiencing a collective downturn, with many brands, including Blueglass, struggling to maintain their market positions as consumers become more discerning and price-sensitive [17][18]. - The rise of competitive products from traditional dairy companies and new tea beverage brands has intensified the pressure on premium yogurt brands, forcing them to reconsider their pricing and marketing strategies [18].

Core Viewpoint - The article emphasizes that in the food and beverage industry, "safety," "transparency," and "responsibility" have become new cornerstones of brand value, moving beyond traditional competitive advantages like taste and convenience [2]. Group 1: ESG Performance Overview - Most food companies are currently at the industry average in mainstream ESG ratings, with few leading companies such as Mengniu, Yili, Chongqing Beer, Budweiser Asia Pacific, and Ausnutria rated AA or above by MSCI [2]. - The food industry is increasingly recognizing the importance of ESG as a strategic tool for enhancing competitiveness and achieving resilient development due to regulatory pressures and consumer awareness [5]. Group 2: Environmental Dimension - Key areas of focus for environmental performance include climate change response, greenhouse gas emissions management, packaging management, water resource management, and biodiversity protection [7]. - Leading companies like Mengniu and Yili have demonstrated advanced performance in environmental disclosures, producing specialized reports on climate-related risks and sustainability [8][10]. - The complexity of the food industry's value chain presents challenges in accurately calculating greenhouse gas emissions, particularly in agricultural activities [11]. Group 3: Social Dimension - The critical performance metrics for social responsibility include product quality and safety, nutrition and health improvement, supply chain management, responsible marketing, and customer service [14]. - Food safety remains a fundamental issue for survival, with a reported overall non-compliance rate of 2.61% in food safety inspections, indicating an improving trend [16]. - Companies are increasingly adopting digital management tools for traceability and enhancing food safety management systems [16]. Group 4: Governance Dimension - Key governance performance metrics include the establishment of independent ESG committees, integration of ESG risk management into overall risk management processes, and the independence and diversity of the board [20][21]. - Companies like Mengniu have established dedicated sustainability committees within their boards, demonstrating effective oversight of ESG issues [23]. - There is a growing trend to link executive compensation to ESG performance, although this practice is still relatively rare [23]. Group 5: Industry Trends and Challenges - The food and beverage industry is moving from a basic understanding of ESG to a more nuanced and systematic approach, with leading companies building barriers through comprehensive ESG strategies [25]. - Despite advancements, many companies still face challenges in collecting and reporting Scope 3 emissions data, which is critical for comprehensive ESG assessments [13].

Core Insights - The article discusses the launch of Gemini 3 Pro, highlighting its superior performance compared to previous models and competitors, establishing it as a leading AI model in 2025 [5][16][18]. Performance Comparison - Gemini 3 Pro ranks first in almost all major AI benchmarks, showcasing its dominance in the AI landscape [19][23]. - In the "Humanity's Last Exam," Gemini 3 Pro achieved a score of 37.5%, significantly higher than Gemini 2.5 Pro's 21.6% and GPT-5.1's 26.5% [25][30]. - The model excelled in various categories, such as achieving 95.0% in mathematics without tools and 100% with code execution in the AIME 2025 benchmark [25][30]. Benchmark Highlights - Gemini 3 Pro scored 23.4 in the MathArena Apex, while its competitors scored significantly lower, with GPT-5.1 at 1.0 and Claude Sonnet 4.5 at 1.6 [34][36]. - In the ScreenSpot-Pro benchmark, Gemini 3 Pro achieved 72.7%, demonstrating its advanced capabilities in GUI grounding, far surpassing GPT-5.1's 3.5% [38]. Development Capabilities - The model's coding abilities are highlighted as exceptional, with rapid development of complex web applications and features, such as a music player and a pixel art board, completed in mere seconds [46][55][60]. - Gemini 3 Pro's ability to convert images into code is noted as a significant advancement, allowing for quick replication of web designs [61][66]. Future Implications - The article suggests that the emergence of Gemini 3 Pro may change the landscape of front-end development, emphasizing the importance of creativity and detailed descriptions over traditional coding skills [78][80]. - The anticipation surrounding Gemini 3 Pro's capabilities indicates a shift in how AI can be utilized in creative and technical fields, potentially redefining industry standards [84][86].

本文来自微信公众号： 深圳微时光 ，作者：黄小邪，题图来自： 深圳微时光 以下文章来源于深圳微时光 ，作者黄小邪 深圳微时光 . 寻找深圳的每一寸惊喜。 中国地产市场从2021年至今已调整4年，2025年6月末，70个大中城市新建住宅价格、二手住宅价格 同比分别下跌3.7%、6.1%，新房价格环比连续25个月负增长，6月末二手住宅价格环比上涨的城市仅 有西宁1个。 这是几名普通深圳人的售房经历。他们的房产买在2017年至2020年间，那正是楼市最后的高光阶 段，他们身处其中，很难不被烈火烹油的洪流裹挟。他们选择回老家买房，最直接的原因是手中的首 付款有限，当然，抱着回乡定居打算的人也占了多数。 他们从未在深圳拥有过房产，而那套位于老家、曾经寄托着他们对稳定的渴望和生活憧憬的房子，在 他们亏损数十万出手时，都还是毛坯状态。 亏掉80万，解套老家房 今年8月份，在深圳生活的于襄，卖掉了位于武汉白沙洲片区的两居室。从2020年购入这套房产到今 年最终出手，她前后去过白沙洲片区三次，房子卖出时还是毛坯状态，算上房贷利息、税费、物业费 等支出，她在这套房产上的亏损接近80万元。整个卖房过程持续了3个多月，从挂牌到成交， ...

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 【美股连跌四天，英伟达跌近3%】 当地时间11月18日，美股三大指数集体收跌，道琼斯指数下跌498.500点，跌幅1.07%；标普500指数跌0.83%； 纳斯达克综合指数跌1.21%。 大型科技股多数下挫，亚马逊、AMD跌超4%，微软、英伟达跌超2%，特斯拉跌超1%。 【普京：中国公民赴俄免签政策将于近期生效】 据环球网援引今日俄罗斯（RT）、俄罗斯卫星网报道，当地时间11月18日，俄罗斯总统普京表示，针对中国 公民赴俄免签政策将于近期生效。 报道称，目前，俄罗斯公民可以免签前往中国。 中国外交部发言人郭嘉昆9月2日在例行记者会上表示，为进一步便利中外人员往来，中方决定扩大免签国家范 围，自2025年9月15日至2026年9月14日，对俄罗斯持普通护照人员试行免签政策。俄罗斯持普通护照人员来华 经商、旅游观光、探亲访友、交流访问、过境不超过30天，可免办签证入境。 这项交易体现出云计算和芯片供应商与领先AI开发商之间日益紧密的联系——后者再将资金花回在前者的服 务上。投资者对这类所谓的循环式AI交易愈发担忧，一 ...

以下文章来源于商业弧光 ，作者李佳琪 听风者，捕光人，最准点的商业节拍 出品｜虎嗅商业消费组 作者｜李佳琪 商业弧光 . 编辑｜苗正卿 题图｜袁记云饺 袁记的管理层非常年轻。田伟是1991年生人，创始人袁亮宏比他仅大三个月。"我们两个体育生，创业做餐 饮，靠的是一股不服输的劲儿。"田伟说。这股劲儿让他们从包饺子做起，将袁记做到行业规模第一，却也在管 理上过于依赖"球员"的个人英雄主义。"过去太粗放了，现在才明白，底线绝不能妥协。" 九个多月后的现在，田伟依然保持着半夜查看客户投诉群的习惯。但不同的是，现在有了系统、有了流程、有 了团队。每天有97万人走进袁记的门店，而公司监测系统24小时运转。 截至2025年11月，袁记门店总数超过5000家，是目前国内现包鲜饺（ 云饺 ）赛道门店总数最多的品牌，增速 远超多个行业"老大哥"。根据窄门餐饮数据，其门店总数几乎是该赛道Top2~Top9门店数的总和。这家成立于 2012年，迅速成长为赛道头部的"年轻"企业，曾经经历过的高光、阵痛和"低谷再爬升"，对所有消费品牌而言 都有很高的参考意义。 2024年冬至，袁记云饺遭遇了成立12年来最残酷的考验。 就在一天前，因一条 ...