" 业绩之外的天花板在哪里？ " 作者丨胡家铭 编辑丨董子博 10月30日晚间，世纪华通集团股份有限公司（证券简称：ST华通）发布了其2025年第三季度报告。 乍看之下，借助点点互动的营收"狂飙"，世纪华通的业绩，也被推到了前所未有的"历史新高"：2025年 前三季度，公司实现营业收入272.23亿元，同比增长75.31%；归属于上市公司股东的净利润则为43.57 亿元，同比增长141.65% 。 如果单看第三季度，公司营收则为100.16亿元，同比增长60.19% ；归母净利润17.01亿元，同比增长 163.78%。 财报背后，世纪华通旗下子公司点点互动，贡献了绝大部分的营收和利润。这主要归功于《无尽冬日》、 《奔奔王国》等主力产品的全球吸金——Sensor Tower数据显示，仅在8月，点点互动旗下三款游戏均创 下历史最高月营收；《Whiteout Survival》，《Kingshot》蝉联出海手游收入榜冠亚军，合成游戏 《Tasty Travels: Merge Game》继7月入榜后名次继续攀升至23名。 | | 手游及发行商 | | | | --- | --- | --- | --- | | 1 ...

企服行业形势艰难，博睿高管自掏腰包打单 近两年，经济大环境艰难，不少企服公司都在艰难求生。 去年，头部运维上市公司博睿数据就以"高管自掏腰包补贴客户"的方式拿下了一个大客户。 这家客户有万人规模，去年6月发布了一款IT运维产品的招标公告，计划9月完成产品上线。招标公告发布 后，一大堆运维厂商都跑过来报名。 这个项目原本预算是500万，为了拿下订单，博睿直接砍半，给出了240多万元的报价，成功中标。 中标后需到客户处测试功能，测试通过才能正式拿到中标通知书。在测试现场，双方就产品性能和价格出 现一些争议。 拖延约两个月后，博睿出动几名高管找到客户高层开会。会上，客户项目负责人表示："我们日志查询量 和日数据量极大，但你们没有存储聚合相关产品，根本承接不住。" 博睿高管回应道，可通过存储转发实现。见客户还是不表态，一位博睿高管直接表示，你们数据量大，我 个人掏几百万买存储硬件，放你们服务器里，免费给你们用。 此言一出语惊四座，参会人面面相觑，知道博睿是铁了心要拿下这个项目。最后的结果也不出所料。 Anthropic一则公告，或将影响AWS中国一项数亿美元业务 今年9月初，全球知名AI公司Anthropic宣布禁止 ...

内部变化不断，卖家也不免焦虑起来，因为这可能意味着新一轮不确定性正在来临。 01 外部环境复杂多变， TikTok Shop在夹缝中艰难平衡 " 把内容盘活，已成为TikTok美区的首要任务。 " 作者丨 周学连 编辑丨 覃倩雯 今年以来，TikTok Shop美区市场可谓一波三折。摇摆不定的关税政策、持续发酵的平台潜在封禁风险， 叠加日益收紧的监管审查，为TikTok Shop的电商业务发展蒙上了一层浓重迷雾。 在外部压力不断加剧的背景下，平台正试图通过内部重构来提升应对能力与运营效率。 雷峰网了解到，近期TikTok Shop美区进行了一系列调整。组织层面，团队规模大幅收缩，大量本地员工 直接替换成中国员工；业务层面，平台按品类和国家拆分业务，同时全托管业务进入常态化运营阶段，成 为半托管业务的重要补充......（有关TikTok美区更多内部变动，欢迎添加微信 xl120429 交流） "今年GMV虽然涨了，但利润不增反降。美区明显没有去年好做了。"作为美区top级玩家，刘峰如此总结 当下的经营感受。 在他看来，外部竞争虽有一定影响，但并非主因。尽管Temu等平台分走部分流量，但美国电商整体大盘 仍在增 ...

" 美国VC正全力押注「Physical AI」，他们将当前视为AI硬件的 「iPhone时刻」。 " 作者丨席星 编辑丨刘伟 "在硅谷，创业者们在垂直场景里挖掘真实需求。而在国内，一个陪伴概念火了，立即涌出几百个模仿 者。"腾展科技创始人魏松祥（Steve Wei）道破了中美AI硬件创业的本质差异。 这位亲历WebEx从创业到32亿美元收购的连续创业者，如今在AI翻译硬件领域找到了新的战场。在他看 来，中美市场的分化正愈发明显： 美国创业者深耕企业级市场，中国团队狂卷消费级赛道。 "做海外ToB业务，需要深度理解当地产业生态，这对中国企业来说是最高难度的挑战。"魏松祥坦言。这 种认知差距直接反映在创新路径上——美国团队专注垂直场景的原创需求，而国内创业者大多陷入"概念 复制"的跟风模式。 资本正在加剧这一趋势。美国VC将AI硬件视为下一个"iPhone时刻"，如今供应链成熟、开发成本可控， 投资人甚至愿意为早期创意开出支票。这种热度从硅谷蔓延至全球，催生了AI硬件创业的黄金窗口期。 在细分领域，AI硬件正展现出巨大潜力。目前美国医疗系统仍普遍采用人工翻译，每分钟成本超1美元， 而AI翻译软件服务年费仅60美 ...

要闻提示 NEWS REMIND 1.苹果换购计划被指"零元购"：预估2900元，实返0元 2.蔚来李斌讲话流出：老被人问候"倒闭"也挺烦，公司混得不好车主也没面子！ 3.零跑曹力辟谣：从来没说过"与华为道不同不相为谋"，请让我们安心造车 4. 北京现代32字PPT轰炸多家车企，精准开炮遥遥领先、小字免责等车圈营销乱象 5.陈震质疑小米YU7冬测成绩：10℃气温条件下叫冬测不合适，容易误导消费者！汽车之家回应 6. 24%对等关税再停一年！中美最新经贸磋商成果出炉 7.突发！知名车企宣布将裁员超3300人 8. 估值或达1万亿美元！OpenAI回应筹备IPO：不是我们的重点，没法确定具体日期 今日头条 HEADLINE NEWS 苹果换购计划被指"零元购"：预估2900元，实返0元 近日，有网友发文称，在苹果官网买新机参与换购活动，结果反被坑。网友表示，在苹果官网购买iPhone 17 Pro Max（11999元），用旧机iPhone 14 Pro抵扣，官方承诺抵扣2900元。但旧机寄出后，苹果单 方面以"外部维修"为由，将2900元直接归零。 网友晒出的截图显示：折抵换购完成，预估的折抵返款2900元，最 ...

Core Viewpoint - The article discusses the challenges faced by cloud channel vendors in the post-pandemic era, highlighting their struggles to retain customers and the fierce competition among them. It outlines various strategies these vendors are employing to survive, including diversifying into multi-cloud services, AI products, and exploring overseas markets. Group 1: Challenges in the Cloud Channel Market - The number of enterprise clients has drastically decreased, with only a fraction of the previous customer inflow being recorded [2] - Intense competition among channel vendors has led to aggressive discounting and reduced profit margins, making it difficult to acquire new clients [2][3] - Many vendors are attempting to pivot their business models, but the paths they are exploring are fraught with difficulties [4] Group 2: Multi-Cloud Strategy - The multi-cloud approach is seen as a potential lifeline, but many vendors find it challenging to implement effectively due to existing client relationships and market saturation [6][7] - Some vendors have joined the ranks of emerging platforms like Volcano Engine, hoping to capitalize on new opportunities [8][10] - However, despite initial enthusiasm, many vendors report disappointing results and low revenue from these new ventures [13] Group 3: AI Product Opportunities - AI is emerging as a key growth area, with major cloud providers reporting significant revenue increases from AI-related services [22] - Despite the hype, few vendors are successfully monetizing AI products, with many finding profit margins too thin to sustain their businesses [23][24] - The complexity and high investment required for AI projects deter many smaller vendors from pursuing this avenue [28][30] Group 4: Overseas Market Exploration - Some vendors are looking to international markets for growth, with reports of successful ventures yielding substantial profits [33] - The competitive landscape in overseas markets is more favorable, with clients more willing to invest in cloud services [34] - However, there are significant risks associated with international operations, including legal and regulatory challenges [36][37] Group 5: Declining Enthusiasm for Sales Events - The excitement surrounding major sales events like "Double Eleven" has diminished, with vendors struggling to meet previous sales figures [40] - The lack of robust incentive programs from cloud providers has contributed to this decline in motivation among channel vendors [40][41] - Many vendors are now focused on survival rather than aggressive growth, reflecting a broader trend of caution in the industry [41]

Core Viewpoint - BYD is strategically entering the Japanese microcar market with the launch of the K-Car model RACCO, aiming to increase its market share in Japan, which has a significant demand for microcars [6][21]. Group 1: Historical Context - In 2004, BYD faced a lawsuit from Sony in Japan over lithium-ion battery patents, marking a challenging entry into the international market [2][3]. - BYD's resilience in the face of legal challenges led to a landmark victory in 2005, establishing its reputation and showcasing its technological confidence [4][5]. Group 2: Product Launch and Features - At the Tokyo Motor Show on October 29, 2025, BYD unveiled the K-EV BYD RACCO, a microcar specifically designed for the Japanese market, alongside its first plug-in hybrid model, the Sea Lion 06DM-i [8][12]. - The RACCO measures 3395mm in length, 1475mm in width, and 1800mm in height, accommodating four passengers and adhering to Japanese K-Car regulations [10]. - The vehicle features a high body design and dual sliding doors for ease of access in narrow streets, powered by BYD's blade battery with two range options, set to launch in summer 2026 [11]. Group 3: Market Dynamics - The Japanese microcar market is substantial, with projected sales of 1.56 million K-Cars in 2024, representing 35% of the total market, making it a strategic target for BYD [21]. - However, the market is dominated by local brands, with over 95% of the total car sales in Japan attributed to domestic manufacturers, posing a significant challenge for foreign entrants [23]. Group 4: BYD's Market Position and Growth - Since entering the Japanese market, BYD has evolved from a newcomer to a key player, with its electric buses achieving the highest market share in Japan [17]. - As of January to September 2025, BYD's electric vehicle sales in Japan reached 2,899 units, surpassing Toyota and marking a year-on-year growth of over 66% [18]. Group 5: Future Outlook - BYD plans to establish a lineup of 7 to 8 electric and hybrid models in Japan by 2027, indicating a long-term commitment to the market [18]. - The introduction of the RACCO is seen as a crucial step for BYD to enhance its market presence in Japan [19].

华东大厂高价租赁算力，金融机构"排队"为其合作IDC厂商融资 华东大厂跟头部IDC厂商旗下的NCP公司合作，签订的算力租赁价格显著高于市场平均水平，其背后隐藏 了双向利好的合作模式：IDC厂商将协同大厂推进云业务生态的相关合作，并丰富大厂的算力资源池；而 大厂给出的溢价，能帮助IDC厂商提升融资能力，有效缓解算力基础设施建设与运营带来的高额资金压 力。 在算力市场头部效应持续凸显的背景下，该IDC厂商备受金融机构青睐。头部金融租赁公司及国有大型银 行纷纷加大支持力度，机构"排队融资"成为常态，目前其获得的综合授信规模已达数百亿元。算力融资租 赁的更多信息，欢迎添加作者微信 YONGGANLL6662 互通有无。 新窗口指导：新项目禁用H20，节点集群外0补贴 有最新流传的"窗口指导"相关文件写道，有补贴等地方力量参与的项目，应全部使用国产芯片。 对于目前建设进度尚且不高的项目，可要求对国外芯片进行拆除；而新建的市场化项目，则被明确禁止使 用H20等国外减配版GPU。 文件还强调，"国家枢纽算力设施集群"之外的地方项目，不享受资金补助、电价补贴等优惠政策，已出台 的地方政策则需取消。种种整顿下，有二线大厂刚开工 ...

" 英伟达的「迭代速度」将让高通倍感压力。 " 作者丨 刘伊伦 编辑丨 包永刚 雷峰网消息显示，当地时间10月27日，高通宣布推出针对数据中心场景的AI推理优化解决方案。该方案由 Qualcomm AI200、AI250云端AI芯片，及对应的加速卡、机架等组成。 千亿级云端推理市场的入局动态，让高通在资本市场收获积极反馈。其股价在交易时段内最高上涨22%， 收盘时涨幅收窄至11%。截至美股10月27日收盘，高通股价报187.68美元/股，公司市值约2025亿美 元， 市值单日增加近200亿美元。 "站在美国的角度看，英伟达的市值已经很高了，再向上涨一个数量级有比较高的难度，而美股近期能够 上涨的股票都跟AI概念相挂钩， 高通推出AI推理芯片属于补涨。" 芯片行业分析师陈冲表示。 不少行业人士认为，高通在端侧芯片有很多经验和技术上的积累，进军AI推理芯片可以为高通带来新的业 务增量，并且市场也不想看到英伟达一家独大，因此此举在行业预期之内 。 关于国内外AI芯片市场的竞 争格局，欢迎添加微信 YONGGANLL6662 交流更多信息。 但这份行业预期背后，高通的低TCO主张能否真正形成竞争力，仍需接受检验。 据 ...

Group 1 - Amazon announced a sudden layoff of 14,000 employees in its corporate division to streamline management and increase investment in AI strategies, marking its second-largest layoff since 2022 [4][5] - The layoffs were communicated via an internal email that was sent out abruptly, with employees receiving notifications shortly after, indicating a shift in Amazon's approach to workforce management [4][5] - Compensation rumors for the laid-off employees include various unverified models, such as "N+3/4+2 months buffer" or "N+6+ an additional week of salary for every six weeks worked" [5] Group 2 - Lei Jun, founder of Xiaomi, ranked fifth on the 2025 Hurun Rich List with a wealth increase of 196 billion yuan, a 151% rise from the previous year, attributed to the explosive growth of Xiaomi's automotive business and high-end smartphone sales [7][8] - The significant increase in wealth positions Lei Jun as the highest wealth gainer among entrepreneurs in the list, highlighting Xiaomi's successful global smartphone sales and IoT device performance [8] Group 3 - Tencent Music dismissed two executives due to corruption allegations, with one being accused of accepting bribes from gaming partners, leading to their transfer to law enforcement [12] - The internal investigation revealed that the dismissed executives had engaged in improper financial dealings during their tenure, raising concerns about corporate governance within Tencent Music [12] Group 4 - Douyin's internal response to rumors regarding JD's alleged "choose one of two" policy during the Double Eleven shopping festival indicates that JD's pricing strategies may limit merchants' operational freedom on other platforms [10][11] - JD's insistence that it is not engaging in "choose one of two" practices contrasts with Douyin's claims, suggesting ongoing tensions in the competitive e-commerce landscape [10][11] Group 5 - Nvidia became the first publicly traded company to surpass a market capitalization of $5 trillion, achieving this milestone in just 113 days, significantly faster than previous milestones [33] - The company's stock has rebounded over 135% since its low in April, with expectations of generating $500 billion in revenue in upcoming quarters, exceeding market forecasts [33] Group 6 - Microsoft CEO Satya Nadella revealed that the initial $1 billion investment in OpenAI was viewed as a high-risk decision, with concerns from Bill Gates about potential losses [30] - The total investment in OpenAI has since exceeded $13 billion, reflecting Microsoft's commitment to AI despite initial skepticism [30]