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Core Points - A recent court ruling found Visual China guilty of infringing on the rights of photographer Dai Jianfeng, requiring the company to publish a statement on its official website and pay compensation of 15,000 yuan [1] Group 1 - The lawsuit against Visual China has been ongoing for over two years [1] - The court's decision mandates Visual China to take actions to mitigate the impact of the infringement [1] - Visual China complied with the court's ruling by publishing the required statement on its homepage on November 22 [1]

戴建峰诉视觉中国案的意义在于，为行业划出了一条操作底 线：版权交易的前提是权属清晰、程序合规。对视觉中国及其 他同类平台而言，真正的挑战不是如何扩大图库规模，而是如 何构建可信赖的授权验证机制，如何在商业利益与权利保障之 间保持平衡。 作者： 远山 封图：图虫创意 11月20日，天津市和平区人民法院一纸判决，为摄影师戴建峰与视觉中国之间长达两年的纷争画 上句号。 法院认定，视觉中国在未获授权的情况下销售戴建峰作品《银河下的村庄》，构成对其信息网络传 播权与署名权的侵犯；同时指出，该公司此前向作品原创者索赔8万余元的行为"存在明显不当"， 缺乏必要的审慎义务。判决要求视觉中国三家关联公司连带赔偿经济损失及合理支出共计15000 元，并在官网首页连续48小时刊载声明以消除影响。 戴建峰诉视觉中国案的意义在于，为行业划出了一条操作底线：版权交易的前提是权属清晰、程序 合规。对视觉中国及其他同类平台而言，真正的挑战不是如何扩大图库规模，而是如何构建可信赖 的授权验证机制，如何在商业利益与权利保障之间保持平衡。 从长远发展的角度看，视觉中国所处的图库行业，版权是核心资产，创作者是内容源头。若想行稳 致远，须将尊重版权、 ...

央广网北京11月22日消息（总台中国之声记者江晓晨）据中央广播电视总台中国之声《新闻纵横》报道，11月20日，摄影师戴建峰在其微博发文称，自 己起诉视觉中国侵权一案已由天津市和平区人民法院作出一审判决。法院认为，由视觉中国签约供稿人周某盗用戴建峰作品并违规上传的《银河下的村庄》 构成侵权，应赔偿戴建峰15000元并消除影响；视觉中国销售戴建峰的另外148张照片不构成侵权。视觉中国方面也向中国之声表示，将按法院判决执行，并 已依法追究周某的法律责任。 中国之声此前曾报道，2023年10月9日，摄影师戴建峰在其微博发文称，对于视觉中国未经他本人许可，销售他的照片，并向其索赔一事，已向天津市 和平区人民法院提起诉讼，通过法律途径，维护其合法权益，法院立案受理。随后，视觉中国官方微博回复并转发了摄影师戴建峰的起诉称，坚决支持通过 法律途径解决问题。 经过长达两年的诉讼，日前法院对该案作出了一审判决。此案审理中，共涉及149张戴建峰自己的摄影作品。其中一张名为《银河下的村庄》的照片， 法院认定视觉中国构成侵权，另外148张照片不构成侵权。11月20日，摄影师戴建峰在其微博将部分法院判决书的结果予以公开发表。 戴建峰表示 ...

Core Viewpoint - The case between photographer Dai Jianfeng and Visual China highlights the critical role of copyright management on platforms, emphasizing that effective verification and protection of copyright is essential for the platform's credibility and business model [3][4]. Group 1: Legal Judgment and Implications - The Tianjin Peace District People's Court ruled that Visual China infringed on Dai Jianfeng's rights by selling his work without authorization, ordering compensation of 15,000 yuan and a public statement on their website [2]. - The court criticized Visual China's previous demand for over 80,000 yuan from the original creator as inappropriate, indicating a lack of due diligence [2]. Group 2: Platform's Role in Copyright Management - Visual China's business model relies on its ability to manage copyright effectively; failure in this area can shift the platform from a "copyright service provider" to a "risk creator," undermining its legitimacy [3]. - The platform has faced scrutiny before for copyright issues, including a 2019 incident where it misrepresented public domain content as proprietary, leading to regulatory intervention [3]. Group 3: Future Developments and Strategies - In January 2024, Visual China launched an AI copyright review system to automatically screen for potential copyright infringements, marking a shift from reactive to proactive management [4]. - The case sets a precedent for the industry, emphasizing that clear ownership and compliance are prerequisites for copyright transactions, challenging platforms to balance commercial interests with rights protection [4][5]. Group 4: Recommendations for Improvement - Platforms should invest in sufficient human and technical resources to establish rigorous review mechanisms to prevent unauthorized content from being uploaded [5]. - Clear and accurate attribution of creator information is essential to protect their rights, and a comprehensive copyright management system is necessary to ensure compliance and build trust with creators [5].

Group 1 - Xiaomi Group has made personnel adjustments in its public relations department, with Xu Jieyun taking over as the new head while Wang Hua is reassigned to the Wuhan regional headquarters [4] - Miniso has launched the "IP Genius Youth Plan," offering annual salaries between 1 million to 10 million to attract top IP creators globally, aiming to enhance its original IP incubation [5] - Geely is integrating its intelligent driving teams, with the Zeekr team transitioning to a newly established joint venture focused on intelligent driving solutions [8] Group 2 - Xiaomi's intelligent driving team has grown to over 1,800 members, with significant investment in AI research, exceeding 7 billion in 2025 [8][9] - NIO's CEO Li Bin commented on the competitive landscape of the automotive industry, stating that the competition in smart electric vehicles is entering a critical phase [15] - Genspark has completed a $275 million Series B funding round, achieving a post-money valuation of $1.25 billion [21] Group 3 - The global market for OLED tablet panels is expected to grow by 39% year-on-year by 2026, reaching 15 million units, driven by strong demand [33] - The China Passenger Car Association forecasts that retail sales of narrow passenger vehicles in November will be around 2.25 million units, with new energy vehicles expected to reach 1.35 million units [33]

Market Overview - The Shanghai Composite Index fell by 2.45%, the Shenzhen Component Index dropped by 3.41%, and the ChiNext Index decreased by 4.02% on November 21 [1] - The total net outflow of funds was 128.99 billion yuan, marking six consecutive trading days of net outflows [1] Sector Performance - The sectors with the largest declines were Comprehensive and Nonferrous Metals, with declines of 5.50% and 5.26% respectively [2] - Only the Media sector experienced a net inflow of funds, with a slight decline of 0.32% and a net inflow of 1.48 billion yuan [2] - The Electronics sector had the largest net outflow, with a decline of 4.58% and a net outflow of 26.48 billion yuan [2] Detailed Sector Fund Flow - The following sectors had significant fund flows: - Media: -0.32%, +1.48 billion yuan - Electronics: -4.58%, -26.48 billion yuan - Electric Equipment: -5.17%, -19.54 billion yuan - Nonferrous Metals: -5.26%, -10.78 billion yuan - Computer: -3.01%, -11.45 billion yuan [3] Individual Stock Performance - A total of 973 stocks saw net inflows, with 294 stocks having inflows exceeding 10 million yuan, and 42 stocks with inflows over 100 million yuan [3] - The stock with the highest net inflow was Kaimete Gas, which rose by 5.05% with a net inflow of 843 million yuan [3] - The stocks with the largest net outflows included Industrial Fulian, Shenghong Technology, and New Yi Sheng, with net outflows of 2.018 billion yuan, 1.768 billion yuan, and 1.748 billion yuan respectively [3]

Core Viewpoint - Visual China experienced a significant increase in stock price, reaching the daily limit with a turnover rate of 18.76% and a transaction volume of 3.054 billion yuan, indicating strong market interest and volatility [2]. Group 1: Trading Activity - The stock was listed on the Shenzhen Stock Exchange due to a price deviation of 13.43%, with institutional investors net selling 66.9152 million yuan and the Shenzhen Stock Connect net selling 12.7 million yuan [2]. - The top five trading departments accounted for a total transaction volume of 9.54 billion yuan, with a net buying amount of 5.1624 million yuan [2]. - Major institutional trading departments included four specialized institutional seats, which collectively bought 175 million yuan and sold 242 million yuan, resulting in a net sell of 66.9152 million yuan [2]. Group 2: Capital Flow - The stock saw a net inflow of 596 million yuan from major funds, with a significant net inflow of 583 million yuan from large orders over the day [2]. - Over the past five days, the net inflow of major funds totaled 760 million yuan, indicating a positive trend in investor sentiment [2]. Group 3: Margin Trading Data - As of November 20, the margin trading balance for the stock was 994 million yuan, with a financing balance of 992 million yuan and a securities lending balance of 2.7279 million yuan [3]. - In the last five days, the financing balance increased by 71.2713 million yuan, reflecting a growth rate of 7.74%, while the securities lending balance rose by 410,200 yuan, with a growth rate of 17.70% [3].

Group 1 - On November 21, a total of 28 stocks were identified with institutional activity, with 14 stocks showing net buying and 14 stocks showing net selling [1] - The top three stocks with the highest net buying by institutions were Tianhua Xinneng, Saiwei Electronics, and Yidian Tianxia, with net buying amounts of 288 million, 190 million, and 86.43 million respectively [1] - The top three stocks with the highest net selling by institutions were Tibet Chengtou, Vision China, and Longzhou Co., with net outflow amounts of 76.19 million, 66.92 million, and 60.49 million respectively [1]

Market Overview - On November 21, the Shanghai Composite Index fell by 2.45%, the Shenzhen Component Index dropped by 3.41%, and the ChiNext Index decreased by 4.02%. A total of 5,100 stocks in the market declined, with nearly 100 stocks hitting the daily limit down [1] - The market saw active trading in the China Shipbuilding sector and AI application stocks, while sectors such as batteries, silicon energy, and lithium mining experienced significant declines [1] Focus Stocks - In the aquaculture sector, Zhongshui Fishery achieved six consecutive trading limits, while Zhangzidao recorded two trading limits in three days. AI application concept stocks like Rongji Software and Shida Group saw five and two consecutive trading limits, respectively [3] - Huaci Co. exhibited a "quasi-limit-up" trend with five trading limits over six days [3] Key Stock Performance - Notable stocks included: - Weixin Instruments (688622) rose by 20.00% to 117.60 with a turnover rate of 6.23% [4] - Pingao Shares (688227) increased by 20.00% to 49.02 with a turnover rate of 2.46% [4] - Yidian Tianxia (301171) surged by 19.99% to 39.97 with a turnover rate of 38.15% [4] - Nanchao Food (603555) rose by 10.03% to 20.96 with a turnover rate of 1.92% [4] Trading Dynamics - The top net buying stocks on the day included Tianhua New Energy, Jiuqi Software, and Yidian Tianxia, with net purchases of 372 million, 169 million, and 122 million, respectively [5] - The top net selling stocks included Huasheng Tiancai, Anni Shares, and Fangda Carbon, with net sales of 295 million, 170 million, and 106 million, respectively [5] Institutional Activity - Tianhua New Energy saw a significant drop of 19.71% but had a net institutional buy of 288 million [6] - Yidian Tianxia experienced a 19.99% increase with a net institutional buy of 86 million [6] - Jiuqi Software had a net institutional buy of 29 million, reflecting strong interest in AI and digital solutions [11] Sector Insights - The AI application sector is gaining traction, with companies like Jiuqi Software and Yidian Tianxia leading the charge through innovative solutions and partnerships with major tech firms [20][21] - Nanchao Food is expanding its market presence in Southeast Asia, leveraging the Belt and Road Initiative and RCEP policies to enhance its growth potential in the baking oil and pre-prepared baking products market [25]