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 ...

1.字节组织变动，抖音电商有了更大自主权 字节跳动将包括KA（大客户）直客等擅长电商效果广告的销售、行业运营团队划归至抖音电商部门。擅长 品牌广告的销售与运营，留在商业化部门。 点评：抖音电商独立运营，战略整合提速增长。 2.百度发放700万元奖励技术团队 据界面新闻，9月8日，百度创始人李彦宏在内部活动上为技术团队颁发"百度最高奖"，获奖团队得到100万 美元奖励，合人民币超700万元。"百度最高奖"已历经15届，语音识别、深度学习平台、大模型等大量AI技 术均曾获奖，奖金总金额将近4亿元人民币。 5.小米王腾辟谣 9月9日，王腾发文辟谣：关于我的离职网上看到很多谣言，都是假消息，简直离谱 #王腾辟谣 # 说明一下， 没有窃取公司机密出售，没有收人钱财。有失职行为，在深刻反省中，但没有做违法行为！谣言止于智 者，还是请大家多关心未来要上市的新品吧。 6.三星生物与美国制药公司签署12.9亿美元合同 三星生物（Samsung Biologics）9月9日宣布，已与美国某制药公司签订价值12.9464亿美元（约合1.8001万亿 韩元）的委托生产（CMO）合同。此次合同是公司创立以来规模第二大的订单，合同期限至 ...

寒武纪（688256）9月9日晚间公告，公司近日收到中国证监会出具的《关于同意中科寒武纪科技股份有限公司向特定对象发行股票注册的批复》（简称《批 复》）。 图源：寒武纪公告 《批复》同意公司向特定对象发行股票的注册申请，有效期为12个月。公司将按照相关法律法规和批复文件的要求，在规定期限内办理本次向特定对象发行股票 的相关事项，并及时履行信息披露义务。 证券时报记者梳理公告发现，寒武纪5月1日曾披露定增预案，拟向特定对象发行A股股票募资不超过49.8亿元，用于面向大模型的芯片平台项目、面向大模型的软 件平台项目、补充流动资金。 | . 1 11 | | --- | | 12 V . . | | H | 业绩方面，8月26日，寒武纪发布半年报显示，上半年营业收入28.81亿元，同比增长4347.82%；归属于母公司所有者的净利润10.38亿元，上年同期净亏损5.3亿 元，同比扭亏为盈。 | | | | 早V: 九 | | --- | --- | --- | --- | | 主要会计数据 | 本报告期 (1-6月) | 上年同期 | 本报告期比上年 同期增减(%) | | 营业收入 | 2,880,643,471 ...

逆向思维，一位智者的逆向人生与永恒投资哲学。 01 一位来自奥马哈的普通青年人 1924 年，查理·芒格出生在美国内布拉斯加州奥马哈市一个普通家庭。17 岁考入密歇根大学读数学，二战爆发后应征入伍，服役期间被派往气象学校，系统学习理 工科思维。战争结束，他靠 GI 法案进入加州理工学院，随后又以无大学文凭之身份破格被哈佛法学院录取，1948 年以优异成绩毕业，成为一名律师。 芒格早年在洛杉矶执业，却深感"用时间换钱"的天花板太低。于是，他在 30 岁出头开始同步涉足地产开发，以 10 万美元本金撬动百万利润，完成原始积累。35 岁那年，一场失败的婚姻与长子白血病的双重打击几乎将他拖入深渊，但他用理性与阅读自我疗愈，并坚定转向投资赛道，成立惠勒·芒格合伙公司，十年年化收 益跑赢道指 18 个百分点，为日后与巴菲特并肩作战奠定基石。 02 查理芒格与巴菲特相遇 1959 年 5 月，35 岁的芒格返回家乡奥马哈料理父亲后事，被共同好友安排与 29 岁的沃伦·巴菲特共进晚餐。两人从股票聊到商业、从阅读到人生，惊觉"灵魂频 率"完全一致，遂成莫逆。巴菲特戏称那晚"找到了失联多年的兄长"，芒格则说"沃伦让我笑到肚子疼" ...

虎嗅独家获悉，天猫已面向品牌商家开通闪购合作邀约，入驻通道已在天猫商家工作台上线。品牌官方及 经销商均可作为主体申请合作，将线下直营门店和授权经销门店接入淘宝闪购。这也表明，天猫旗舰店启 动"远近场一体化"升级，打通闪购业务，在远场电商之外，为商家提供小时送达的闪购即配服务。 2.美团CEO王兴发全员信：高频骑手平均收入7230~10100元 美团CEO王兴中秋节前向员工发内部信，信中披露，过去一年，美团服务了7.7亿用户、1450万年活跃商 户，月均连接了336万骑手，即时零售日订单峰值突破了1.5亿单。2025年一季度，美团高频骑手平均收入 7230~10100元，比2024年末增长了12%。同时，美团骑手养老保险补贴今年将推至全国，覆盖全部类型骑 手。 点评：骑手收入保障双提升。 3.小米内部通报：中国区市场部总经理王腾因泄密被辞退 据凤凰网科技消息，小米集团内部通报一起重大人事处分决定。根据一封标注时间为2025年9月8日22:15、 由小米集团职业道德委员会发出的邮件显示，小米中国区市场部总经理、REDMI品牌总经理王腾因"泄露公 司机密信息"及"存在利益冲突等严重违规违纪行为"被公司辞退。 4." ...