9月11日，以"重塑创新增长"为主题的2025Inclusion·外滩大会在上海开幕。 （本版图片均为主办方提 供） "在AI领域，明年应用肯定会大爆发，下一个字节、下一个小红书今年应该已经成立，创业者应该有很 多机会，大家一定要有勇气去闯星辰大海。"谈及AI商业模式与创业机会时，朱啸虎在现场对年轻创业 者鼓舞道。 朱啸虎结合中美成长比较快的AI企业，美国B端创业居多，中国则擅长C端，朱啸虎认为"AI大家都是一 样的，差异都在AI之外，在AI以外搭建用户体验差异有大量的玩法，这是中国创业者最适合、最擅长 的。"韩歆毅、张雷分别从蚂蚁、小米的应用实践中回顾，一致认为在垂直的专业服务领域，依然有巨 大的创业探索空间。 面对AI硬件出海，张雷则认为："我们可能存在供应链端的成本和效率优势，以及有很好的AI生态优 势，但如何在这么好的AI生态下找到真正用户非常需要的场景，去真正地落地实现，提升用户体验， 形成黏性，去提升产品力，我觉得这些都需要基于这些优势回到产品本身。" 【深圳商报讯】（记者 陈姝）9月11日上午，以"重塑创新增长"为主题的2025Inclusion·外滩大会在上海 开幕。在当天举行的产业圆桌中，蚂 ...

智通财经APP获悉，周四，美股三大指数集体上涨，恒生指数ADR上涨，按比例计算，收报26399.49点，较香港收市上涨313.17点或1.20%。 | .HSIADR 恒生指数ADR | | | --- | --- | | 26399.49 ↑ +313.17 +1.20% 收盘价 09/11 16:00 美东 | | | 三月日日 1 | | | 最高价 26401.29 开盘价 26142.83 | 成交量 1.05亿 | | 最低价 26084.55 - 昨收价 26086.32 | 平均价 26242.92 | | 52周最高 26401.29 上 涨 -- | 平 想 -- | | V | | | 800000 恒生指数 26086.32 -113.94 -0.43% | | 大型蓝筹股大多数上涨，汇丰控股收报107.732港元，较香港收市涨2.50%；腾讯控股收报639.212港元，较香港收市涨1.54%。 | 序号 | 名称 | 港股代码 | 涨跌额 | 版跌幅 | ADRICIA | ADR换草价(HKD) | 较港股升跌 | 较港股升跌% | ADR載 | | --- | --- | --- ...

Market Overview - On September 11, the Hang Seng Index fell by 0.43%, closing at 26,086.32 points, while southbound funds through the Stock Connect recorded a net purchase of HKD 18.989 billion [1][3] - The total trading volume for the Stock Connect on September 11 was HKD 172.214 billion, with a net purchase of HKD 18.989 billion [1] Stock Performance - In the Shanghai Stock Connect, the total trading volume was HKD 103.737 billion, with a net purchase of HKD 8.073 billion [1] - In the Shenzhen Stock Connect, the total trading volume was HKD 68.477 billion, with a net purchase of HKD 10.916 billion [1] Active Stocks - The most actively traded stock in the Shanghai Stock Connect was Alibaba-W, with a trading volume of HKD 80.75 billion and a net purchase of HKD 29.46 billion, closing up by 0.35% [1][2] - Meituan-W had the highest net sell amount of HKD 9.36 billion, closing down by 5.06% [1][2] - In the Shenzhen Stock Connect, Alibaba-W also led with a trading volume of HKD 43.575 billion and a net purchase of HKD 7.835 billion [2] - The top net purchase stock was Innovent Biologics, with a net purchase of HKD 0.847 billion, despite closing down by 2.51% [2] Summary of Key Stocks | Stock Code | Stock Name | Trading Volume (HKD million) | Net Purchase (HKD million) | Daily Change (%) | |------------|------------------|------------------------------|----------------------------|-------------------| | 09988 | Alibaba-W | 807.48 | 294.62 | 0.35 | | 03690 | Meituan-W | 618.38 | -93.59 | -5.06 | | 00981 | SMIC | 491.04 | 41.75 | 4.97 | | 01801 | Innovent Biologics| 253.79 | 84.73 | -2.51 | | 00700 | Tencent Holdings | 263.33 | -92.26 | -0.63 | [2]

Market Overview - On September 11, the Hang Seng Index fell by 0.43% with a total southbound trading volume of HKD 172.21 billion, including buy transactions of HKD 95.60 billion and sell transactions of HKD 76.61 billion, resulting in a net buy of HKD 18.99 billion [1] Southbound Trading Activity - The southbound trading through Stock Connect (Shenzhen) had a total trading volume of HKD 68.48 billion, with buy transactions of HKD 39.70 billion and sell transactions of HKD 28.78 billion, leading to a net buy of HKD 10.92 billion [1] - The southbound trading through Stock Connect (Shanghai) had a total trading volume of HKD 103.74 billion, with buy transactions of HKD 55.91 billion and sell transactions of HKD 47.83 billion, resulting in a net buy of HKD 8.07 billion [1] Active Stocks - Alibaba-W was the most actively traded stock with a total trading volume of HKD 124.32 billion and a net buy of HKD 37.30 billion, closing with a price increase of 0.35% [1][2] - Other notable stocks included Meituan-W and SMIC, with trading volumes of HKD 84.52 billion and HKD 80.43 billion, respectively [1] - Tencent Holdings had the highest net sell amount of HKD 11.51 billion, closing down by 0.63% [1][2] Continuous Net Buying and Selling - Alibaba-W and SMIC were the only two stocks with continuous net buying for more than three days, with Alibaba-W having a total net buy of HKD 371.43 billion over 15 days and SMIC with HKD 15.76 billion over 3 days [2] - Stocks with continuous net selling included Kangfang Biotech, Tencent Holdings, and Meituan-W, with total net sell amounts of HKD 17.48 billion, HKD 14.61 billion, and HKD 10.28 billion, respectively [2]

深港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 43.57 亿元 | +7.84 亿元 | | 中芯国际(00981) | 31.32 亿元 | +5.15 亿元 | | 信达生物(01801) | 25.38 亿元 | +8.47 亿元 | | 康方生物(09926) | 24.18 亿元 | +3.65 亿元 | | 美团-W(03690) | 22.68 亿元 | +8.39 亿元 | | 石药集团(01093) | 21.59 亿元 | +2.67 亿元 | | 腾讯控股(00700) | 17.39 亿元 | -2.29 亿元 | | 百济神州(06160) | 17.30 亿元 | +8.27 亿元 | | 三生制药(01530) | 16.52 亿元 | +2.15 亿元 | | 中国生物制药(01177) | 16.02 亿元 | +3.24 亿元 | 智通财经APP获悉，2025年9月11日当天，阿里巴巴-W(09988)、美团-W(03690)、中芯国际(00981)位居 沪港通（南向 ...

Group 1 - Xiaomi founder Lei Jun's annual speech is expected to take place in late September, coinciding with the launch of the Xiaomi 16 series [1] - Qualcomm will unveil its next-generation Snapdragon flagship chip on September 24-25, providing a timeline for the Xiaomi 16 release [1] - Xiaomi President Lu Weibing confirmed that the launch event will be moved up, indicating an accelerated work pace [1] Group 2 - Lei Jun's 2023 annual speech occurred on August 14, focusing on entrepreneurial experiences and new product launches [2] - The speech highlighted challenges in Xiaomi's high-end market strategy and announced a strategic upgrade with a planned investment of 100 billion yuan in R&D over the next five years [2] - Xiaomi's main direction for its large model is revealed to be lightweight and local deployment, alongside the launch of new products like the Xiaomi MIX Fold 3 and Xiaomi CyberDog 2 [2] Group 3 - The 2024 annual speech is scheduled for July 19, 2024, at the Beijing Shougang Ice Hockey Arena, with the theme of "Courage" [4] - The speech will review Xiaomi's decision-making process in car manufacturing, including challenges and breakthroughs [4] - New products such as the Xiaomi MIX Fold 4, Xiaomi MIX Flip, and Xiaomi Buds 5 will be launched, along with the Xiaomi SU7 Ultra Prototype vehicle [4]

Group 1 - The former General Manager of Xiaomi's China Marketing Department and former General Manager of the REDMI brand, Wang Teng, is rumored to have joined JD.com in a procurement role, with conflicting reports about his level, with some stating P5 and others P7 [1] - JD.com has denied any arrangements or plans regarding Wang Teng's employment [1]

Core Viewpoint - The article discusses the significant battery order from Xiaomi to BYD, indicating a deepening collaboration in the electric vehicle sector and a shift in BYD's strategy from vertical integration to technology output [2][3]. Group 1: Xiaomi's Role in Battery Supply - Xiaomi is expected to become the largest external customer for BYD's Fudi battery, with a potential order of 200,000 vehicle batteries, translating to an estimated 12-15 GWh, which is about half of BYD's monthly battery production capacity [2][5]. - The first model from Xiaomi, the SU7, will utilize batteries from BYD and CATL, while the second model, YU7, will feature BYD's lithium iron phosphate batteries [2][5]. - The YU7 model has already received significant pre-orders, with 289,000 units ordered within an hour of its announcement, indicating strong market demand [6][8]. Group 2: BYD's Battery Supply Strategy - Fudi battery, since its independence in 2021, has primarily served BYD's internal needs, with only 6.8% of its production allocated for external supply in 2024 [5][10]. - Major external clients include various traditional and international automotive brands, with Xpeng being the largest external customer and Xiaomi positioned as the second [5][11]. - BYD's battery production capacity is expected to exceed 600 GWh by 2025, driven by expansion projects across multiple regions, with over 25 billion yuan invested in new facilities [12][15]. Group 3: Market Dynamics and Future Outlook - The collaboration between Xiaomi and BYD reflects a broader restructuring of the Chinese electric vehicle supply chain, with BYD accelerating its transition to external battery supply [3][10]. - The competitive advantage of BYD's blade battery technology, which has a cost advantage of 15%-20% compared to industry averages, is attracting new clients despite concerns over technology leakage [10][11]. - As BYD increases its external supply, the share of its own vehicle sales in Fudi's output is expected to decrease, potentially enhancing profitability through higher-margin external sales [15].

Core Viewpoint - There are rumors circulating on social media regarding Wang Teng, the former General Manager of Xiaomi's China Marketing Department and former General Manager of the REDMI brand, joining JD.com in a purchasing and sales role, but JD.com has denied these claims [1] Company Summary - JD.com has officially stated that there are currently no plans or arrangements for Wang Teng to join the company [1]

以下文章来源于中国企业家杂志 ，作者赵东山 中国企业家杂志 . 讲好企业家故事，弘扬企业家精神 ， 这是小米历史上第一次采取激烈的手段，让自己的高管离开。 9月8日深夜，小米中国区市场部总经理、REDMI品牌总经理王腾被开除的消息持续霸占了微博热搜榜。 媒体曝出的"小米集团职业道德委员会"内部邮件显示：王腾离开的原因是"泄露公司机密信息，且存在利 益冲突等严重违规违纪行为"。 能引发舆论哗然，源于王腾近些年在小米风头正盛，本是年轻高管中最有希望的生力军，前程大好。 本文转载自中国企业家杂志 值班编辑 | 江江 视觉 | 顾芗 社交媒体上，王腾在微博拥有178万粉丝，他还得到了能与雷军没有距离感、相互调侃的"特别待遇"，甚 至常被雷军称为"腾总"，今年的跨年直播中，雷军更评价王腾是"年轻干部、六项全能、轮岗经验丰 富"。 雷军在直播中曾盛赞王腾。来源：抖音截图 职场中人都能读懂，得到老板这样的肯定，对一个人的职业将意味着什么——王腾因此被网友戏称 为"有大帝之姿"。 该梗源自于网络小说《遮天》，小说中的王腾是北斗古星北原王家的少族长，号称古帝转世。他的父亲 经常对外吹嘘"吾儿王腾有大帝之姿"。不过，王腾最终被主 ...