Core Viewpoint - The company, 商络电子 (Shangluo Electronics), has confirmed that it is currently not involved in the supply of products related to Xiaomi 17 [1] Group 1 - The company has made a public statement on its interaction platform regarding its current supply status [1]

随后，"小米王腾因泄密被辞退"这一话题冲上热搜第一，关于王腾离职的原因，被外界解读出多个版本。 9月11日，有消息称，小米中国区市场部前总经理、REDMI品牌前总经理王腾入职京东，担任小米采销岗，关于其定级说法不一，有称"P5"，也有 说"P7"。对此，京东方面表示，"目前我们没有这样的安排和计划"。 9月8日，小米发布内部公告称，中国区市场部员工王腾，泄露公司机密信息，且存在利益冲突等严重违规违纪行为。根据《小米集团员工违规违 纪行为处理办法》《小米集团诚信廉洁守则》等制度规定，决定给予王腾辞退的处分。 面对质疑，王腾先后两次发文回应。9月8日，王腾首次公开承认错误并接受代价。 9月9日，王腾再次发文称，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，但没有违法行为。 ...

【#小米17Pro摄像头曝光#：5000万像素徕卡超大底三摄】博主 @数码闲聊站 今天在微博透露了小米 17 Pro 手机将拥有全新徕卡三摄系统。 博主表述，这台手机将搭载 5000 万像素徕卡超大底三摄，主摄光圈 f/1.67，长焦光圈 f/3.0，超广角焦 距为 17mm，长焦 115mm，还有等效 5 倍光学变焦的特性。 后续有用户在评论区询问："Pro Max 的规格也是一样的吗？？？你说啥你说啥你说啥"，博主回复 道："不一样"；另一名用户则表示："有副屏干脆取消前置摄像头，前面一整块屏幕。想自拍就用后 置"，博主则回复道："那视频通话很难受吧……"。 ...

近期美股屡创新高，核心动能在于市场对联储局减息的强烈预期；随著就业数据放缓与通胀持续接近目标，投资者普遍押注周三会议将松绑货币政策，并在 政策声明中暗示未来多轮利率下调，这将进一步释放流动性，提振风险资产需求。此外，美中双方于2025年9月14-15日在西班牙马德里举行会谈，就TikTok 问题达成基本框架共识，于周五中美元首将通电话。中国商务部国际贸易谈判代表李成钢强调，中方绝不会以牺牲原则立场、企业利益和国际公平正义为代 价，寻求达成任何协议。中方将依法依规开展技术出口审批，同时充分尊重企业意愿。 港股通周一录得净流入144亿港元，其中阿里巴巴(09988.HK)净流入最多，达52.8亿港元，其次是盈富基金(02800.HK)。另一方面，小米集团(01810.HK)录得 最大净流出，达7.2亿，其次是泡泡玛特(09992.HK)。 美联储降息预期驱动美股创新高，港股通周一净流入144亿 来源：凯基证券 ...

Core Insights - The investment landscape for AI hardware is being reshaped by founders from major tech companies, with nearly 70% of AI hardware entrepreneurs coming from firms like Xiaomi, DJI, and others [2][3] - In the first half of 2025, there were 114 financing events related to embodied intelligence and AI hardware, totaling over 14.5 billion yuan, compared to only 92 events and 9.8 billion yuan in 2024 [2] - The trend of former executives from large companies starting their own ventures in AI hardware is intensifying, with 13 former executives choosing to start businesses in 2024, five of whom focused on AI hardware [2] Investment Trends - High-profile financing cases are often linked to the "halo effect" of large companies, with examples like Guangfan Technology and Looki achieving significant funding due to their founders' backgrounds [3] - The valuation premium for founders from large companies has increased by 2-3 times compared to the previous year, with early-stage valuations for similar profiles rising from under 10 million USD to nearly 30 million USD [5][6] - Some founders, like Xiaomi's former VP Ma Ji, are seeing valuations approach 100 million USD, a significant increase from previous years [6] Market Dynamics - Investors are increasingly focused on the "people" aspect in early-stage AI hardware investments, as many projects lack fully developed products [8] - The growth curve for hardware companies is steep, requiring a long ramp-up period, which makes early-stage funding crucial for survival and development [10] - The market is characterized by a mix of emotional valuation and future certainty, with many investors willing to pay higher prices based on the potential of the founders rather than traditional financial metrics [8][21] Founder Attributes - Founders from large companies are valued for their ability to scale production and their experience in bringing products to market [11][12] - Successful examples include companies like Havivi, where the founder's experience in mass production led to rapid sales growth [12][13] - The ideal founder profile includes those with 0 to 1 entrepreneurial experience or those who have held high-level positions in large firms, as they understand the complete business cycle [14][15] Future Outlook - The market for embodied AI is projected to reach 23 billion USD by 2030, with a compound annual growth rate of 39% [23] - The transition from traditional hardware to embodied intelligence represents a significant evolution in the industry, with hardware serving as a gateway to more advanced AI applications [23] - Despite the current enthusiasm, the AI hardware sector is still in its infancy, with challenges in technology and market acceptance that need to be addressed before reaching maturity [24][26]

今日上午，小米官方微博@小米公司 正式公布了小米17 Pro与小米17 Pro Max的外观设计，确认搭载全 新的"妙享背屏"设计，在社交媒体上引发广泛关注。 昨天下午，就有网友发现小米官微一度更换了全新的头像，疑似小米 17 Pro的背面。当时就有许多网友 指出，其横向大矩阵相机的设计与 iPhone 17 Pro有一定相似之处。相比较而言，iPhone 17 Pro右边留白 的空间，小米 17 Pro则加上一块副屏。 小米官方发布的视频截图 此前曝光的iPhone 17 Pro图片 值得注意的是，此前曾有多位博主及外媒都爆料称，苹果或将在iPhone 17系列推出背屏。相关爆料图 片已在坊间广为流传，但最终苹果并未推出。 根据小米官方最新发布的视频来看，小米 17 Pro及Pro Max系列放弃了此前已经沿用了三代的左上角矩 形方案，后摄模组采用一整块覆盖摄像头区域的屏幕状副屏，以替代传统金属 / 玻璃盖板。视频显示这 个副屏可以显示时间等信息。 昨日，小米集团合伙人、总裁卢伟冰宣布，小米将跳过16，直接发布小米17系列，预计将于本月与公众 见面，并表示"坚决对标iPhone"。 卢伟冰还称，将给手机带来 ...

Core Viewpoint - Xiaomi is set to launch the Xiaomi 17 series this month, featuring a unique back screen design that enhances aesthetics and offers new possibilities for user experience [1][4]. Group 1: Product Launch Details - The Xiaomi 17 series will include three models: Xiaomi 17, Xiaomi 17 Pro, and Xiaomi 17 Pro Max, and will globally debut the fifth-generation Snapdragon 8 Supreme mobile platform [3][4]. - The launch is a significant leap in Xiaomi's digital series, occurring one month earlier than the previous generation [4]. Group 2: Competitive Positioning - Xiaomi's president, Lu Weibing, emphasized that the new series is designed to directly compete with Apple's iPhone, reflecting the company's confidence built over five years of substantial progress [3][5]. - The company has committed to a high-end strategy, learning from its greatest competitor, Apple, and aims to showcase significant advancements in technology and user experience [4][5]. Group 3: Investment in R&D - Over the past five years, Xiaomi has invested more than 100 billion RMB in research and development, with plans to increase this investment to 200 billion RMB over the next five years [3][5]. - The upcoming Xiaomi 17 series is expected to present a range of new technological achievements resulting from this sustained investment [5].

Core Viewpoint - The A-share market experienced a collective decline on September 16, with the Shanghai Composite Index down by 0.15%, while sectors such as computer hardware, leisure products, and automotive parts showed gains. The consumer electronics sector demonstrated strength, with significant increases in specific stocks and a positive outlook for high-end smartphone sales in 2025 [1]. Industry Summary - The consumer electronics ETF (159732) rose by 0.92%, with notable stock performances: Jingsheng Electronics up by 10.00%, Shenghong Technology up by 5.78%, Changying Precision up by 5.77%, Kobot up by 5.20%, and Transsion Holdings up by 3.95% [1]. - Global high-end smartphone sales are projected to grow by 8% year-on-year in the first half of 2025, reaching a historical high. Apple maintains a leading market share of 62%, with a 3% year-on-year increase. Xiaomi is performing well in the Chinese market due to its high-end strategy and synergy with electric vehicles and IoT ecosystems. Google has re-entered the top five in the high-end market, and Samsung's S25 series is outperforming its predecessor with positive expectations for foldable screen new products [1]. - According to GuoDa Securities, the accelerated adoption of AI PCs, AI smartphones, smart acoustics, and smart wearables, along with ongoing improvements in spatial computing device experiences, are driving continuous innovation in the consumer electronics industry [1]. Company Summary - The consumer electronics ETF (159732) tracks the Guozheng Consumer Electronics Index, primarily investing in 50 A-share listed companies involved in the consumer electronics industry. The industry is mainly concentrated in electronic manufacturing and optical optoelectronics, which are high-profile sectors attracting market attention [1].

Core Points - Xiaomi is set to launch the new Xiaomi 17 series, which includes Xiaomi 17, Xiaomi 17 Pro, and Xiaomi 17 Pro Max, featuring the new "Miao Xiang Back Screen" technology [1][3][6] - The launch is anticipated to be a significant upgrade in Xiaomi's smartphone lineup, with the series being described as the most substantial leap in the history of Xiaomi's digital series [6] - Xiaomi's President, Lu Weibing, emphasized the company's confidence in competing with iPhone, citing five years of solid progress in high-end smartphone development [6] Group 1 - The Xiaomi 17 series will globally debut the fifth-generation Snapdragon 8 Supreme mobile platform [6] - The Xiaomi 17 is positioned as the strongest standard flagship, the Xiaomi 17 Pro as the compact technology imaging flagship, and the Xiaomi 17 Pro Max as the most powerful imaging flagship [6] - Lu Weibing announced that Xiaomi has invested over 100 billion RMB in R&D over the past five years, with plans to increase this to 200 billion RMB in the next five years [6] Group 2 - The new series aims to bring innovative features to the smartphone industry, with a focus on enhancing user experience through deep integration of hardware and software [6] - Xiaomi's strategy includes a commitment to high-end market positioning, with a focus on eliminating shortcomings and prioritizing user experience [6] - Lei Jun, Xiaomi's founder, expressed support for the series, highlighting its competitive positioning against iPhone [6]

Core Viewpoint - Xiaomi Auto Technology Co., Ltd. has recently published a patent related to autonomous driving technology, focusing on a method for three-dimensional scene perception that enhances the accuracy of scene reconstruction [1] Group 1: Patent Details - The patent involves a "three-dimensional scene perception method, device, electronic equipment, and storage medium" [1] - It utilizes SDF values and semantic categories for real-time dense three-dimensional reconstruction [1] - The technology aims to provide continuous three-dimensional scene perception results, improving the precision of scene reconstruction [1]