Group 1 - In 2024, China's major sports service trade imports and exports reached 69.342 billion yuan, a year-on-year increase of 31.1% [2] - The main components of China's sports service trade include professional sports competitions, event sponsorship, copyright transactions, internet sports services, and sports tourism [2] Group 2 - Li Jiaqi has exited the shareholder list of Beijing Meiyuan Enterprise Management Co., Ltd., with the new shareholder being Bingjiling (Shanghai) Network Technology Co., Ltd. [3] - Beijing Meiyuan was established in June 2023, with a registered capital of approximately 1.01 million yuan [3] Group 3 - S&P Global's automotive analyst forecasts negative growth in global automotive production and sales starting in 2026, following a period of inventory reduction [4] - The automotive production and sales are expected to gradually reach a balance by 2027 and 2028 [4] Group 4 - The National Health Commission announced that China's per capita life expectancy is projected to reach 79 years in 2024, an increase of 1.1 years since 2020 [5] Group 5 - Hainan aims to achieve an average annual growth of 20% in cross-border e-commerce imports and exports by 2030, establishing a comprehensive service system [7] Group 6 - The China Consumers Association issued a warning regarding "study tours," highlighting issues such as low service quality and safety risks [8] - The association cautioned consumers to be vigilant against false advertising in the study tour market [8] Group 7 - Hello Bike responded to incidents of automatic locking causing user injuries, stating that no technical defects were found [9] - The company suggested that user error may have contributed to the incidents [9] Group 8 - Zhejiang Province plans to exceed 30 billion yuan in pet economy consumption by 2027 and aims for 50 billion yuan by 2030 [10] - The province seeks to become a national hub for pet economy innovation and manufacturing [10] Group 9 - The "Clear and Optimize Business Network Environment" initiative exposed cases of accounts coercing businesses for illegal benefits and distorting public information [11] Group 10 - NetEase clarified that a former COO, who left the company in 2011, is not associated with the company in any capacity since then [12] Group 11 - Xibei's founder announced intentions to sue Luo Yonghao over claims that the restaurant serves mostly pre-made dishes [13] - Consumer concerns regarding high-priced pre-made dishes continue to grow [13]

以下文章来源于东四十条资本 ，作者蒲凡 东四十条资本 . 聚焦股权投资行业人物、事件、数据、研究、政策解读，提供专业视角和深度洞见 | 创投圈有趣的灵魂 2022年5月，美国国家公路交通安全管理局(NHTSA)发布了一组让人费解的数据：调查显示，2021年全美的 汽车行驶总里程相较于2019年的3.3万英里下降了1%，但2021年因为交通事故死亡的人数却达到了4.29万 在这波革命性的创业潮里，还有一位中国小伙子的身影，他所创办的Nuro已经成为了自动驾驶领域的超级 独角兽，2021年巅峰时期估值一度高达86亿美元（约合人民币614.35亿元）。而最近，他又争取到了Uber和 英伟达的支持，顺利完成了E轮系列融资，在这一轮中拿到了2.03亿美元（约合14.5亿元人民币）——算上 这笔钱，Nuro自成立以来已经累计融资23亿美元（约合人民币164亿元）。 从复旦学霸到硅谷天才 这位抓住红利的中国小伙子名叫朱佳俊，是一位非常"标准"的硅谷华人精英： 人，创造了自2005年以来的最高纪录。同时，2021年的总死亡人数相较于2020年上涨了10.5%，这个数字也 创造了有数据统计以来的最高增幅。 车开得少了，事故却多 ...

Core Viewpoint - The article emphasizes the profound influence of Wang Yangming's philosophy, particularly his concepts of "unity of knowledge and action," "the heart is principle," and "to realize one's innate knowledge," which have persisted for over 500 years and continue to provide insights into personal and societal challenges [12][48][51]. Summary by Sections Wang Yangming's Legacy - Wang Yangming is regarded as a "perfect person" in history, achieving high moral ideals and significantly impacting both philosophy and governance [4][9]. - His heart philosophy has influenced East Asian thought, notably contributing to the Meiji Restoration in Japan [9][10]. Philosophical Insights - His teachings address various aspects of life, from personal relationships to broader societal issues, offering wisdom applicable to modern life [13][55]. - He believed that true success stems from a broad-minded and generous character, contrasting with narrow-mindedness, which he viewed as a source of disaster [14]. Practical Applications - Wang Yangming advised his disciples to focus on practical actions rather than mere thoughts, emphasizing the importance of resilience in adversity [16][31]. - His philosophy encourages individuals to cultivate their inner strength, suggesting that one's circumstances do not define their potential [31][34]. Compilation of Works - The article promotes a complete collection of Wang Yangming's works, which includes all known writings, providing a comprehensive view of his life and philosophy [21][63]. - The collection is presented in a beautifully packaged format, making it accessible for readers of all ages [67][71]. Enduring Relevance - Wang Yangming's thoughts remain relevant today, offering guidance on self-discovery and personal growth, distinguishing his philosophy from Western thought that often focuses on understanding the external world [51][53]. - His teachings are seen as lifelong nourishment for personal development, with many historical figures praising their impact [46][48].

Core Viewpoint - Oracle's stock surged over 30% due to successful developments in its AI infrastructure business, leading to significant financial gains for its CEO, Larry Ellison, who briefly became the world's richest person [2][6][11]. Group 1: Financial Performance - Oracle's stock price reached a high of $345.72, opening at $319.19, with a trading volume of 132 million shares and a market capitalization of approximately $933 billion [4]. - The company's revenue from its Oracle Cloud Infrastructure (OCI) is projected to reach $18 billion in the current fiscal year and grow to $32 billion by fiscal year 2027, ultimately aiming for $144 billion in three years [6]. - Oracle reported a staggering 359% year-over-year increase in its "remaining performance obligations," totaling $455 billion, with backlogged orders nearing $500 billion [8]. Group 2: Strategic Developments - Oracle has secured a cloud contract with OpenAI worth up to $300 billion and formed partnerships with major AI companies like Meta and xAI [6]. - The company's neutral stance in the AI arms race and its involvement in the Stargate initiative, aimed at enhancing U.S. AI infrastructure, have positioned it as a preferred computing provider [8][11]. - Oracle claims to offer AI inference capabilities that can run models like ChatGPT, Gemini, and Grok directly within its database stack, providing unmatched convenience for large enterprises [10]. Group 3: Leadership and Personal News - Larry Ellison's net worth increased by approximately $100 billion, reaching between $393 billion and $400 billion, as a result of the stock price surge [11]. - Ellison's personal life has also garnered attention, particularly his much younger wife, Jolin Zhu, who has a background in international studies [12].

春雨惊春清谷天，夏满芒夏暑相连。秋处露秋寒霜降，冬雪雪冬小大寒。 春天里的青笋冒尖，夏日里的青梅酒浓，中秋时节的螃蟹正肥，寒冬腊月里的腊肉喷香。 一年四季，一日三餐，悲欢甘苦，俱是诗篇。 苏东坡说："一年好景君须记，最是橙黄橘绿时。" 春茶、夏果、秋落，冬酿，岁时流转，礼俗传承，美意延年。 这是国人藏在心里无需言语的深沉的爱，也是 中国人独有的浪漫。 01 在中国的江南，浙江西部的衢州常山，有这样一位作家，他是"稻人"，是医生，也是记者。 他体验过社会的纷繁复杂，也有过行万里路的自由惬意。 最后，他选择成为一名真正的写作者，在厚重的时空场域和广袤无边的乡村上耕耘劳作，书写 生活。 他叫 周华诚 。 年少的他常在山野中奔跑、劳动，这些经历，孕育出他对自然的深厚情感，也构成了他文学的 创作"母本"。 于是，他着眼和落笔于浙江的传统文化和日常生活，他 写下田、写廊桥，写草木滋味、写一饭 一世界，重新发现逐渐被世人遗忘的时间之美和日常之美。 这一次，周华诚交出了 《仪式：中国人的时间哲学》 。 在这部书里，周华诚以故乡浙江衢州常山作为观察样本，试图呈现中国人，尤其是江南人家 随 岁时流转 的日常生活。 谈到写作这部书 ...

Group 1 - Taizhou plans to establish a merger and acquisition mother fund to support industrial transformation and the growth of leading companies [2] - Tencent Cloud will cancel the discounted token payment model for DeepSeek API starting September 10, 2025, moving to a unified pricing model [3] - Gaode CEO announced that the "Gaode Street Ranking" will never be commercialized, aiming to increase consumer traffic for offline stores [4] Group 2 - China's real estate registration convenience has improved, with "house delivery and certificate delivery" covering over 2,200 counties and cities [5][6] - The core CPI has seen a year-on-year increase for four consecutive months, with a 0.9% rise in August, indicating effective consumer demand policies [7] - Microsoft will require employees to work at least three days a week in the office starting next year, implementing the policy in phases [8] Group 3 - AI video generation company Aishi Technology completed a $60 million Series B financing round, marking the largest single financing in the domestic video generation sector [9] - The iPhone 17 will be available for pre-order on Taobao Flash Sale, with delivery as fast as 30 minutes after the official release [10] - The MXene material family has doubled in size, providing new opportunities for next-generation energy and electronic devices [11] Group 4 - China's expansion of domestic demand policies is showing positive effects, with multiple price indicators reflecting an upward trend [12] - The first 3D-printed drug production license has been issued in China, marking a significant step for 3D printing technology in pharmaceuticals [13] - Chinese short dramas are now available in over 200 countries and regions, becoming a new growth point in the global digital content sector [14][15]

Core Viewpoint - The article discusses the recent trend of highways in China reaching their toll expiration dates and the implications of these changes on the transportation infrastructure and economic efficiency. It highlights the shift towards free passage on certain highways and the potential for a broader movement in this direction across the country [4][10][21]. Summary by Sections Highway Toll Cancellations - Recent announcements from Sichuan indicate that the Chengmian and Chengbei highways will stop charging tolls, marking a significant shift in the western region of China [4][6]. - This follows the cancellation of tolls on the Guangzhou North Ring Highway, which became the first major highway to do so after 30 years of operation [6][9]. - The trend of highways reaching their toll expiration dates is becoming more common, with several highways built in the late 20th century now ceasing toll collection [9][10]. Historical Context and Regulations - The first batch of highways built in the 1980s and 1990s is now reaching the maximum toll collection period, which is capped at 30 years for operational highways [11][19]. - The article notes that the "loan for road construction, toll for repayment" policy initiated in the late 1980s facilitated the rapid expansion of highway infrastructure in China [11][18]. - Current regulations stipulate that the maximum toll collection period for operational highways is 25 years, with a 30-year limit for those in central and western regions [11][18]. Economic Implications - The cancellation of tolls on highways is seen as a potential catalyst for economic efficiency, reducing logistics costs and enhancing domestic circulation [21]. - The article emphasizes that while some highways have been profitable, others in less developed areas struggle to cover maintenance costs, leading to discussions about extending toll periods under the guise of "reconstruction" [14][21]. - The future of highway tolls is uncertain, with ongoing debates about modifying regulations to extend toll collection periods beyond the current limits [14][21]. Future Outlook - The article suggests that while a complete transition to free highways is unlikely in the short term, the gradual cessation of tolls is a growing trend that aligns with national economic strategies [21]. - The goal of achieving a "county-level highway" network by 2035 indicates significant future investment and expansion in highway infrastructure, which will require substantial funding [19][21].

Core Viewpoint - The recent Apple product launch showcased significant upgrades in the iPhone lineup, particularly with the iPhone 17 and the introduction of the iPhone Air, which aims to address previous criticisms of incremental updates. However, the positioning of the iPhone Air appears awkward, and the company faces challenges in maintaining its market dominance amid increasing competition, especially in China and India [3][4][9][11]. Group 1: iPhone 17 and iPhone Air - The iPhone 17 standard version features a 120Hz refresh rate and is powered by the A19 chip, built on a 3nm process, enhancing GPU efficiency by 20% compared to the A18 [3]. - The iPhone Air, touted as the thinnest iPhone at 5.6mm, replaces the Plus version and is positioned between the standard and Pro models, but its value proposition is questioned due to the need for an additional MagSafe battery for better battery life [4][6]. - The iPhone 17 Pro and Max models received standard upgrades, including a new cooling system and improved camera sensors, with battery life extended to 39 hours [6]. Group 2: AirPods Pro 3 - The AirPods Pro 3 features significant enhancements in noise cancellation, achieving four times the active noise cancellation effect, and introduces real-time translation capabilities [7]. Group 3: Market Performance and Challenges - Apple's iPhone revenue for Q3 2025 reached $40.26 billion, a 5.8% year-over-year increase, but the company faces declining market share in China, ranking fifth behind local competitors [9][11]. - Despite a recent revenue increase in the Greater China region, Apple has struggled with consecutive quarters of decline, attributed to insufficient innovation and fierce competition from local brands [11][12]. - Apple is shifting production of iPhone 17 models to India, with 80% of U.S. iPhone imports now coming from India, indicating a strategic pivot to diversify its supply chain [12][13]. Group 4: AI Strategy and Market Perception - Apple's AI initiatives, particularly the Apple Intelligence, have faced criticism for delays and perceived inadequacies compared to competitors, impacting market sentiment and stock performance [19][20]. - Internal challenges regarding AI development have been highlighted, with reports suggesting that Apple's AI capabilities lag behind those of competitors like ChatGPT [22][23]. - The company's historical approach of entering markets later with refined products may not suffice in the rapidly evolving AI landscape, raising concerns about its future competitiveness [22][23].

Core Viewpoint - The funding crisis faced by Terence Tao, a renowned mathematician, highlights the increasing politicization of research funding in the United States, which is affecting the stability of the scientific research environment [2][5][6]. Group 1: Funding Crisis - Terence Tao and his research team at UCLA are unable to receive research funding, leading to a situation where they have not even received summer salaries [2][5]. - The funding freeze originated from a political issue, where the U.S. government froze nearly $600 million in federal research funds to UCLA, citing mismanagement of anti-Semitism [6][8]. - The Trump administration plans to cut the National Science Foundation (NSF) budget by half in the 2026 fiscal year, which would severely impact many scientists' funding [6][11]. Group 2: Impact on Researchers - The instability in funding has forced top scientists like Tao to seek sponsorships, shifting their focus from research to fundraising [5][9]. - Other institutions, such as Harvard, have paused doctoral admissions due to reduced NIH funding, and many laboratories are struggling to afford basic supplies [11][12]. - The current political climate has led to a significant increase in the number of researchers leaving the U.S. for more stable environments, with many considering relocating to countries like China [11][12]. Group 3: Opportunities for China - China is emerging as an attractive destination for scientists due to its stable research funding and investment in top-tier research facilities [14][15]. - To retain top talent like Terence Tao, China needs to ensure adequate funding, provide advanced research platforms, minimize administrative interference, and support scientists' personal lives [14][15][16][17]. - The situation presents an opportunity for China to enhance its scientific capabilities by attracting and retaining elite researchers, thereby improving its global standing in scientific research [17].

挖空"护城河"需要几步 8月26日，美团发布第二季度财报，总营收918亿元，同比增长11.7%，净利润暴跌89%，相比去年同期的136 亿，只剩下了不足15亿元——与市场普遍预期的近百亿利润相距甚远。其实在Q1财报电话会议里美团就给 过预警，公司会"不惜代价"守住份额，同时也必然会损失利润，只是让投资者没想到的，二季度的业绩会如 此不堪。 目前来看，主要有三个方面的大动作，占据舆论高点，打社保牌、人情牌；在高达百亿的弹药之下后发者 优势开始出现；骑手和供给侧都在短期内实现了跨越。 首先是东哥多次"炮轰"美团，认为没有尽到大平台的责任，指责"二选一"对待骑手不够好，京东要做"微 利"的平台。 京东对美团的"炮轰"，核心是希望通过挑战行业既有规则，以"颠覆者"和"改革者"的形象快速打开市场。它 直指美团的"痛点"，如骑手保障、商家佣金等，试图在舆论和道德上占据高地，从而吸引骑手、商家和用 户。 京东外卖的"三板斧"策略直指行业痛点： 对商家：推出"免佣金"或低至5%的佣金政策（低于行业平均6%-8%），吸引了大量品牌商家入驻。 对骑手：采用"混合模式"（驻店骑手与兼职骑手结合）并大量招募全职骑手，签署劳动合同、缴 ...