1.国家发文禁止亏本卖车 国家市场监督管理总局发布《汽车行业价格行为合规指南（征求意见稿）》，规定车企除依法降价处理积 压商品外，不得以其他方式使出厂价低于生产成本；强制明码标价，须显著标示车辆配置、价格、促销规 则，严禁价外加价；销售方须在合同内写明具体交付日期，违约担责。长城、长安、小鹏、北汽、比亚迪 等车企已表态支持，承诺优化价格管理、杜绝价格欺诈，比亚迪称将以指南为指引完善合规体系并发挥示 范引领作用。 点评：国家出手规范市场，杜绝恶性竞争，促行业健康。 2.广汽高域飞行汽车试飞检测基地正式运营 12月14日，据广汽高域消息，高域与南方试验场在韶关市新丰县合作建设的"飞行汽车试飞检测基地"正式授 牌。 3.广合科技向港交所提交上市申请 据港交所文件，12月14日，广州广合科技股份有限公司向港交所提交上市申请书，联席保荐人为中信证 券、汇丰。 4.国家税务总局：积极营造法治公平、合规管理的良好税收环境 12月12日，国家税务总局党委书记、局长胡静林主持召开党委扩大会议。会议强调，要紧扣明年经济工作 的总体要求和政策取向，在继续实施更加积极的财政政策中，依法依规征税收费，统筹规范税收优惠，积 极营造法治公 ...

以下文章来源于最华人 ，作者华人作者团 最华人 . 有华人的地方，就有最华人。 关注华人商业领袖、创业者及商业案例； 洞察科技制造、品牌出海、产 业革新等。 "2022中国正能量网络精品"获得者。 11月21号，B站上一条视频刷屏，截至目前播放量已经超550万。这个米哈游旗下的新游戏 Varsapura 还没上 线就引来关注，就连游戏巨头索尼的前高管也忍不住在社交媒体转发，说"等不及要玩了"。 米哈游在中国游戏圈是个特别的存在。 在小众的二次元赛道里，几个上海交大毕业的技术宅靠10万元无息贷款起步，只用了13年时间就把它做成 了估值1750亿、仅次于腾讯和网易的中国第三大游戏公司。 今天米哈游的目标已经从"做世界一流的原创动漫公司"，到投身AI、脑机接口，甚至火箭发射、核聚变等 面向未来的产业，立志在2030年打造出全球十亿人愿意生活在其中的虚拟世界。 ● 米哈游创始人团队，从左至右：罗宇皓、蔡浩宇、靳志成、刘伟和张庆华 从一开始就喊出"技术宅拯救世界"的米哈游，有什么样的故事？ 01 宿舍创业 2005年，上海交大迎来了一批新生，来自山东济南的蔡浩宇、湖南长沙的刘伟和江西抚州的罗宇皓就在其 中。 1987年 ...

凤凰网财经 . 你好，我们是凤凰网财经，全球华人都在看的财经公众号，传播最有价值的财经报道，你值得关注！欢 迎访问：http://finance.ifeng.com/ 以下文章来源于凤凰网财经 ，作者凤凰网财经 另一边，美国早已盯上半导体产业这块 "蛋糕"。 卢特尼克3日接受美国媒体采访时指出，台积电宣布将增加投资1000亿美元，总投资额达1605亿美元。他 说："当然，他们（台湾）也会训练美国劳工。最终目标是将供应链转移到美国，在美国生产半导体及药 品，训练美国人从事这些工作。让整个供应链都留在美国。这就是我们全部的目的。" 这家芯片巨头再次站上地缘政治的十字路口。 "台积电董事长要来大陆了！" 这则消息，近日在中国半导体圈引发广泛关注。 此前有知情人士透露，台积电董事长魏哲家"有望于12月4日现身南京，出席台积电开放创新平台（OIP）生 态系统论坛，并计划密集拜访多家本土芯片设计公司"。 若行程属实，这将是他自 2023年上海技术论坛后，两年来首次踏足大陆。 这场论坛作为台积电2025年OIP全球巡回的压轴场，此前已走过硅谷、东京、新竹、阿姆斯特丹四站。 尽管台积电官方已第一时间否认相关传闻，且公开信息显 ...

以下文章来源于雷达Finance ，作者X编辑 雷达Finance . 遨游广袤的财富世界。 在近日公布的《2025全球独角兽企业500强报告》中，DeepSeek凭借1.05万亿元的估值，力压阿里云、蚂蚁 集团等一众企业，成为了仅次于字节跳动的中国第二大、全球第六大独角兽企业。 早在今年初，就有外媒曾预测DeepSeek的估值最高可达1500亿美元，虽然DeepSeek目前的收入可能不高， 但考虑到其未来增长和研究实力，其值得高估值。 据公众号"全球独角兽企业500强"消息，12月3日，在2025全球独角兽企业500强大会上，独角兽工程院院 长、全球独角兽企业500强大会秘书长解树江发布了《2025全球独角兽企业500强报告》。 我们注意到，在该榜单排名前十的企业中，有四家中国企业上榜，它们分别是字节跳动、DeepSeek、阿里 云和蚂蚁集团。 回看DeepSeek的出圈之路，对于AI行业来说，DeepSeek颇像一条鲶鱼，其用"开源+高性价比"的组合拳，进 一步推动了整个行业的快速发展。 值得一提的是，年初爆红出圈后，DeepSeek的月活随即在一众国产AIGC App中强势登顶，但DeepSeek的优 ...

1.德国人口到2070年或降至不足7500万 德国联邦统计局12月11日发布的最新人口预测数据显示，到2070年德国人口或较当前水平减少大约900万， 跌破7500万。德国是欧盟人口最多的国家。在德国联邦统计局发布的最新预测中，专家基于出生率、预期 寿命和移民人数等变量推演了27种情况，其中仅两种极为乐观的情况下能够实现人口增长。在"温和发展"情 境中，到2070年德国人口数量将降至约7470万。据预测，10年后德国大约25%的居民年龄将为67岁或以上。 劳动年龄人口数量下降，将给社会福利体系带来巨大挑战。 2.北上资金累计成交额突破199万亿元 互联互通机制开通以来，北上资金交投持续活跃，累计成交额首次突破199万亿元。证券时报·数据宝统计显 示，12月12日当日陆股通成交额3096.84亿元，互联互通机制开通以来累计成交额199.30万亿元，首次突破 199万亿元整数关。 3.受"缺芯"影响戴尔将涨价 据报道，面向企业的戴尔的笔记本将全面涨价。内部文件显示，从12月17日开始，戴尔将提高其所有商用 产品（across its commercial product lines）的价格（面向企业客户，而非普通 ...

Core Viewpoint - The article discusses the implications of the recent economic work conference in China, highlighting the focus on domestic demand and structural reforms to stimulate economic growth, with an optimistic outlook for the economy in the coming years [3][5]. Economic Growth Predictions - The World Bank has adjusted its forecast for China's economic growth, predicting a rate of 4.9% in 2025 and 4.4% in 2026, both up by 0.4 percentage points from previous estimates [3]. - The emphasis on domestic demand as a driver of growth aligns with the signals from the economic work conference, which prioritizes building a strong domestic market [5]. Trade Performance - China achieved a record trade surplus of $1 trillion in the first 11 months of the year, despite a significant drop in exports to the U.S. by 18.3% [6][8]. - Exports to Europe, Southeast Asia, and Africa increased by 8.9%, 14.6%, and 27.2% respectively, indicating a successful shift in export structure [8]. - The systematic upgrade of China's manufacturing capabilities has been a key driver of this export growth, contributing nearly 45% to the increase in exports over the past five years [10]. Fiscal and Monetary Policy - The economic work conference emphasized a "loose monetary policy," focusing on lowering interest rates and easing credit conditions to stimulate economic recovery [12]. - A more proactive fiscal policy is expected, with a projected fiscal deficit rate of around 4% for 2026, maintaining the same level as in 2025 [15]. - The conference highlighted the importance of fiscal policy in supporting economic recovery, particularly in addressing local government financial challenges and funding infrastructure projects [15][17]. Economic Indicators and Consumer Impact - The Consumer Price Index (CPI) rose by 0.7% year-on-year in November, indicating a potential economic recovery and signaling a possible turning point for the economy [21]. - The anticipated easing of mortgage rates due to loose monetary policy may alleviate repayment pressures for homebuyers, while consumer spending could benefit from reduced restrictions and potential subsidies [21][23]. - Support for new infrastructure, renewable energy, and high-end manufacturing is expected to create numerous skilled job opportunities, enhancing stability for small and medium enterprises [23].

Core Viewpoint - The acquisition of Warner Bros. Discovery (WBD) by Netflix for $72 billion, along with assuming $10.7 billion in debt, marks a significant shift in Netflix's strategy, driven by growth anxiety and changes in management style [4][13]. Group 1: Acquisition Details - The assets being acquired include WBD's streaming services HBO, WBO Studios, and iconic IPs such as "Harry Potter," "DC Universe," and "Game of Thrones," excluding sports content [6]. - The total acquisition cost amounts to $82.7 billion, with Netflix paying $27.75 per share, 84% in cash and 16% in stock. This values WBD at 22x EV/Adj. EBITDA, which is higher than Netflix's current valuation of 30x [8]. - The merger is expected to occur after WBD's restructuring, likely in Q3 2026, pending regulatory approval due to potential antitrust concerns [9]. Group 2: Strategic Shift - Netflix's shift from a "build rather than buy" strategy is attributed to increasing costs of creating new IP and the need to maintain revenue growth amid rising user expectations [13][14]. - The introduction of a 100% tariff on foreign-produced content by the Trump administration poses challenges to Netflix's international strategy, which relies heavily on overseas content production [15]. - Acquiring existing IPs is seen as a viable option to enhance Netflix's content library and explore various monetization avenues, especially given WBD's success in IP derivatives [18]. Group 3: Management Changes - The change in Netflix's management style from idealism to a more pragmatic approach is evident, especially after the departure of founder Reed Hastings, who was a strong proponent of original content [19][20]. - Hastings' recent stock sales signal a shift in Netflix's strategic direction, aligning with the new leadership's focus on realistic growth strategies [20]. Group 4: Market Implications - The acquisition raises concerns about short-term financial pressures and cash flow, as the high debt incurred may outweigh the anticipated savings from content costs [21][24]. - The potential overlap in user bases between Netflix and HBO MAX could limit the expected increase in subscribers, complicating the financial justification for the acquisition [22]. - The deal's success hinges on Netflix's ability to realize synergies and manage the financial implications of the acquisition effectively [24].

以下文章来源于盐财经 ，作者李含章、陈慧 盐财经 . 洞察趋势，睿智人生。《南风窗》旗下专业财经媒体。 这届年轻人正在用买盲盒的方式买黄金。 当传统金店还在靠"克重"和"纯度"吸引长辈时，一股"轻量化黄金"的浪潮已悄然席卷"Z世代"。 站上潮头的，是被称为"珠宝界泡泡玛特"的潮宏基。 它把黄金压成0.1克的"大饼"，联名线条小狗、黄油小熊等顶流IP，让"200块拥有金币快乐"成为社交平台的 新谈资。 凭借这套"小克重+强情感"的组合拳，潮宏基不仅在今年9月正式向港交所递交上市申请，而且10月底公布 的2025年三季度显示，其营收猛增近三成，突破62亿元。 ▲潮宏基2025年三季度显示，其营收突破62亿元 然而，当潮宏基用IP联名拿捏Z世代心智的同时，其财报却暴露了"增收不增利"的利润困境。 潮宏基的掘金之路，不仅关乎一个品牌的转型，更折射出当下黄金消费的核心逻辑之变：我们购买的，究 竟是保值资产，还是一种可佩戴的情感价值？ 01 用小克重，画黄金大饼 走进任何一家潮宏基线下门店，入口处不是传统金店里的项链首饰，取而代之的是，一排排吸睛的"黄金大 饼"、线条小狗金币和黄油小熊挂件的配饰。 这些重量仅0.1克至0 ...

Group 1 - Nvidia plans to hold a private summit to address power shortages in data centers, which may hinder AI development [2] - Global open-ear headphone shipments exceeded 10 million units in Q3, a 69% year-on-year increase, compensating for a 4% decline in traditional TWS shipments [3] - New Dazhou A stated that it has not reached a delisting risk warning situation despite reported debt overdue issues [4] Group 2 - Huayi Brothers and its legal representative Wang Zhongjun have been restricted from consumption due to an advertising contract dispute, with previous enforcement exceeding 11.4 million yuan [5] - Multiple quantitative private equity individuals have not received notifications regarding the clearance of exclusive trading devices, indicating a lack of authoritative sources for the rumored regulatory changes [6] - Douyin responded to speculation about entering the EV charging pile business, clarifying that it is only complying with industrial requirements for installation [7] Group 3 - JD.com is recruiting talent in the field of edge AI chips, focusing on integrated storage and computing chips for robotics and smart appliances, offering salaries ranging from 40,000 to 100,000 yuan per month [8] - The box office for the 2025 New Year film season has surpassed 3.5 billion yuan [9] - The Shenzhen Construction Robot Alliance has been established to promote policy standards, technological innovation, and market development in the construction robotics sector [10] Group 4 - Wanda Film has completed a strategic investment in the smart selfie interactive entertainment brand "Paitifang," aiming to explore new consumption scenarios [11] - Recent executive changes occurred at companies under Xibei, with new representatives appointed [12] - JD.com announced plans to invest 22 billion yuan over the next five years to provide 150,000 "Little Brother Homes" for delivery personnel [14]

在消费偏好多变、新技术爆发、全球化深度融合的当下，企业普遍面临 "增长焦虑"—— 如何跟上创新节 奏、重构价值链、让增长战略落地？ 华晓亮老师的《常青树新法》一书，结合经典模型与实战案例，给出了兼具理论深度与实操性的答案， 更点出了增长背后不可或缺的 "成长型思维"，值得企业家与管理者深入研读。 核心要点总结 市场环境（消费偏好、新技术、全球化）加速变化，企业需紧扣创新、重构价值链、依托数字化落地增长 战略； 华晓亮《常青树新法》提出 "增长机会洞察 - 路径规划 - 执行赋能" 框架，且强调成长型思维是增长成功的 关键； 部分行业龙头因固守过往成功经验、忽视市场变化，导致增长乏力； 本书适合企业家、管理者、咨询顾问阅读，助力践行增长转型。 当今社会里，消费者偏好变化、新技术应用和全球化融合等因素使得市场和产品的创新越来越快，企业如 何紧扣创新脉搏、驾驭迭代节奏，同时，企业如何合纵连横重构价值链，充分利用数字化手段，来确保增 长战略落地。 拜读了华晓亮老师关于企业增长战略的书稿，这是一本很好的战略指南。在我印象中，企业寻求增长的经 典模型是安索夫矩阵（Ansoff Matrix），增长机会来自两个维度： 一是 ...