Core Insights - The Chinese film and television industry in 2025 is heavily focused on Intellectual Property (IP), with significant developments in IP licensing and derivative products driven by successful releases like "Nezha: Birth of the Demon Child" [1][3] - The industry faces challenges in maintaining stable revenue streams, as many companies struggle with consistent growth in income and profits, relying heavily on blockbuster productions [3][4] - The rise of IP is attributed to the dual factors of market growth and structural issues, alongside the increasing popularity of animation and derivative products, which are more suited for IP development [1][4] Group 1: Industry Trends - The 2025 Spring Festival box office hit "Nezha 2" generated a revenue of 15.446 billion yuan, with significant income from IP licensing and derivatives, indicating a shift towards IP as a revenue source [3] - Companies like iQIYI and Light Media are transitioning from content providers to IP creators and operators, with iQIYI planning to open multiple offline theme parks to enhance audience engagement [3][7] - The market is seeing a diversification of revenue streams, with iQIYI's IP derivative business growing by 105.3% year-on-year, highlighting the potential for IP to offset declines in traditional film content [3][8] Group 2: Strategic Developments - Light Media is collaborating with Seven Dimensions Technology to develop AI toys, while Wanda Film is investing in cultural development companies to expand its IP derivative business [8] - The industry is exploring new avenues for IP utilization, including collaborations in the toy, cultural tourism, and gaming sectors, aiming to create a more integrated and expansive IP ecosystem [9] - Analysts note that while domestic companies lag behind in IP licensing maturity compared to North America, they benefit from a large consumer base and supportive policies, providing a fertile ground for IP development [9]

Core Viewpoint - The Chengdu High-tech Court is enhancing legal services for the digital cultural and creative industry, aiming to integrate judicial support into the industry's development framework and optimize the business environment through a "three-point linkage" judicial escort system [3]. Group 1: Judicial Services and Industry Integration - The court is committed to embedding judicial services into the digital cultural and creative industry, aligning with the "14th Five-Year Plan" for the development of the digital cultural industry in Chengdu [3]. - The court aims to strengthen its role as a judicial force in the national high-tech zone, focusing on the "Five Centers and Five Places" construction in Chengdu [3]. Group 2: Intellectual Property Protection Innovations - The court is establishing a new high ground for intellectual property protection by reforming trial mechanisms and optimizing case distribution systems [4]. - A "three-in-one" trial mechanism for civil, administrative, and criminal cases has been implemented, enhancing collaboration with law enforcement agencies [4]. - The court successfully adjudicated Chengdu's first criminal case involving intellectual property rights, setting a precedent for similar cases [4]. Group 3: Efficient Case Handling - A three-tiered case handling system has been developed to address the varying complexities of intellectual property cases, with a focus on efficiency and cost-effectiveness [5]. - The court aims for a 58.34% application rate of small claims procedures in the digital cultural sector by 2025, reflecting a 4.8 percentage point increase from 2024 [5]. Group 4: Comprehensive Judicial Service Network - The court is creating a comprehensive judicial service network integrated into digital cultural industry parks, including a "one-stop" protection base and "grid-based" trial points [7]. - A knowledge property protection base has been established in the Tianfu Changdao Digital Cultural Park, offering various services such as blockchain evidence storage and online mediation [7]. - The court has set up a "half-hour judicial service circle" to ensure timely access to judicial services for enterprises [7]. Group 5: Tailored Legal Support for Enterprises - The court is actively engaging with major companies and small to medium enterprises in the digital cultural sector to understand their legal needs and provide tailored support [9]. - Initiatives include the issuance of policy packages aimed at enhancing the legal environment for the digital cultural industry [9]. Group 6: Digital Transformation in Judicial Processes - The court has achieved over 97% online filing rates for intellectual property cases, with full coverage of electronic delivery and remote hearings [10]. - A dual system for "full lifecycle legal services for park enterprises" and "cloud-based publicity" has been established, benefiting over 2,300 small and micro enterprises [10].

Core Viewpoint - The recent controversy surrounding a consumer's difficulty in obtaining a refund for a long-term iQIYI membership highlights ongoing issues with the platform's membership policies and customer service practices, which have drawn significant criticism from users [1][2][6]. Group 1: Refund Issues - A consumer named Mr. Huang discovered that his iQIYI membership was charged for 25 years, leading to complications in obtaining a refund due to the deactivation of his original payment account [1][2]. - iQIYI initially stated that virtual products are non-refundable, but later agreed to process Mr. Huang's refund request after public attention increased [2][3]. - Discrepancies arose regarding the refund process, as Mr. Huang's original Alipay account was reportedly inactive, complicating the refund method [3][4]. Group 2: Membership Policy Criticism - Consumers have criticized iQIYI for its complex and often restrictive membership fee structures, which have evolved to include various tiers and limitations on viewing rights [5][6]. - Recent changes to membership rules have led to reduced benefits for existing users, such as limitations on the number of devices that can access content simultaneously [6]. - The introduction of additional fees for premium content, such as the finale of a popular series, has further fueled dissatisfaction among subscribers [6]. Group 3: Financial Performance - iQIYI has faced declining revenues, with a reported 8% decrease in revenue to 292.3 billion RMB in 2024, and a significant drop in net profit by 60% compared to the previous year [8][9]. - The company's operational profit margin has also decreased, indicating a challenging financial environment as competition from short video platforms intensifies [8][9]. - The third quarter of 2025 showed a continued decline, with total revenue down 8% year-on-year and a net loss of nearly 2.5 billion RMB, marking a shift from profit to loss [9].

Group 1 - A user encountered difficulties in obtaining a refund after purchasing a 25-year membership for iQIYI, highlighting concerns over long-term subscription commitments [1] - iQIYI responded promptly, stating that they have initiated an investigation and will arrange refunds based on the user's actual situation [1]

Core Viewpoint - The article discusses the ongoing issues with iQIYI's membership services, including customer dissatisfaction with refund processes and changes in membership benefits, leading to a decline in user trust and financial performance [1][4][9]. Refund Issues - iQIYI has initiated a refund process for a customer, Mr. Huang, whose original payment account was deactivated, complicating the refund process [1][2]. - Initially, iQIYI's customer service claimed that virtual products could not be refunded, but later agreed to process the refund after public attention [2][3]. - Discrepancies arose regarding the refund method, as Mr. Huang's original Alipay account was reportedly registered by someone else, leading to disputes over the refund channel [2][3]. Membership Changes and Customer Dissatisfaction - iQIYI has faced criticism for its evolving membership fee structures and reduced member benefits, with consumers likening the experience to a "nested doll" of charges [4][5]. - Recent changes include limiting the number of devices for new subscribers and reducing streaming quality for certain membership tiers, which has frustrated existing users [5][6]. - The introduction of additional charges for accessing popular content, such as the finale of a series, has further alienated customers [6][7]. Financial Performance - iQIYI's financial health has deteriorated, with a reported revenue drop to 29.23 billion yuan in 2024, an 8% decrease from 2023, and a significant decline in net profit [9][10]. - The company's operating profit fell to 1.81 billion yuan, a 39% decrease year-over-year, indicating severe pressure on profitability [9][10]. - The overall market for long video platforms is showing signs of weakness, with competition from short video platforms impacting user engagement and revenue [9].

Core Viewpoint - The recent controversy surrounding a consumer's difficulty in obtaining a refund for a long-term iQIYI membership highlights ongoing issues with the platform's pricing strategies and customer service practices [2][3][6]. Group 1: Refund Issues - A consumer discovered that his iQIYI membership was charged for 25 years, leading to difficulties in obtaining a refund due to account issues [2][3]. - iQIYI initially stated that refunds for virtual products are generally not allowed, but later agreed to process the refund after public attention increased [3][17]. - Discrepancies arose regarding the refund process, particularly concerning the original payment method, which the consumer claimed was no longer accessible [3][17][18]. Group 2: Consumer Sentiment - Consumers have expressed frustration over iQIYI's membership pricing and service changes, describing the platform's pricing strategies as convoluted and unsatisfactory [6][20]. - There is a perception that iQIYI's membership benefits have diminished over time, with complaints about reduced streaming quality and increased fees for additional content [6][21][23]. Group 3: Financial Performance - iQIYI has reported a decline in revenue, with 2024 revenue dropping to 29.23 billion RMB, an 8% decrease from 2023, and a significant drop in membership service income [11][26]. - The company's net profit fell by 60% in 2024, indicating severe pressure on profitability, with operating profit decreasing by 39% [12][26]. - The third quarter of 2025 showed a continued downward trend, with total revenue of 6.68 billion RMB, an 8% year-on-year decline, and a net loss of nearly 250 million RMB [27].

Group 1 - The movie "Zootopia 2" has become the first imported film in Chinese history to surpass 100 million viewers [5] - Bilibili announced that the annual bullet screen for 2025 is "Tribute," with over 22.82 million mentions and 4.59 million users participating [2] - The Chinese government plans to relax household registration restrictions outside of a few mega cities to promote urban integration [2] Group 2 - Xiaomi's co-founder Lin Bin plans to sell up to $2 billion worth of B-class ordinary shares starting December 2026, with proceeds aimed at establishing an investment fund [4] - The new national standard for electric vehicle energy consumption, considered the strictest globally, will be implemented starting January 1, 2026, limiting energy consumption for 2-ton vehicles to no more than 15.1 kWh per 100 km [6] - Guizhou Moutai aims to prevent price speculation and ensure reasonable pricing to stabilize market expectations [6] Group 3 - The precious metals market has seen significant price increases, with platinum futures surpassing $2,400 per ounce, marking a weekly increase of over 22% [5] - A lawsuit involving a subsidiary of XWANDA is seeking over 2.314 billion yuan due to alleged quality issues with delivered battery cells [6] - NASA's new director has stated that the U.S. will return to the moon during Trump's second term, emphasizing the importance of lunar exploration for economic and national security [8]

Group 1 - iQIYI has initiated a refund process for a user who faced difficulties in obtaining a refund for a 25-year membership due to account issues [3][5] - The user reported that their membership was charged from 2017 to 2043, and the customer service offered a refund only to the original payment account, which is no longer in use [5] - iQIYI's response indicates a commitment to user satisfaction and financial security by verifying account ownership before processing refunds [3] Group 2 - The film "Zootopia 2" has become the first imported movie in Chinese history to surpass 100 million viewers [4][8] - The CEO of Chasing Technology announced an additional reward of 1 gram of gold for each employee during the upcoming Spring Festival, totaling approximately 26 million yuan [4][8] - The National Development and Reform Commission has confirmed that the "national subsidy" program will continue next year to boost consumer spending [4] Group 3 - The State Council plans to relax household registration restrictions outside of major cities to facilitate the integration of rural populations into urban areas [6] - The Ministry of Finance has announced measures to support consumer spending, including adjustments to subsidy standards [4][6] Group 4 - Kawasaki Heavy Industries has admitted to data falsification regarding fuel efficiency for submarine engines, leading to a suspension from bidding for two and a half months [11] - The company has faced scrutiny for similar issues in the past, raising concerns about the integrity of Japanese manufacturing [11] Group 5 - Xiaomi's co-founder plans to sell up to $2 billion worth of B-class shares starting in December 2026, primarily to establish an investment fund [4] - The company has announced that the sales will occur in increments of up to $500 million every 12 months [4] Group 6 - Precious metals have seen a significant price surge, with platinum futures reaching a historic high of over $2,400 per ounce, marking a weekly increase of over 22% [7] - Gold and silver prices have also risen sharply, driven by factors such as a weakening dollar and supply constraints [7]

Core Viewpoint - The incident involving Mr. Huang's membership refund dispute with iQIYI highlights the need for more flexible and humanized refund policies from platforms, as well as the importance of rational consumer decision-making [1][3][4]. Group 1: Incident Overview - Mr. Huang discovered that his iQIYI membership was valid until 2043 due to multiple recharges during promotional periods between 2017 and 2018 [1][3]. - iQIYI initially agreed to refund but insisted on returning the funds to the original payment method, which was no longer accessible to Mr. Huang, leading to a deadlock [1][3]. - The situation escalated to public attention, prompting iQIYI to reconsider its refund approach and agree to a more flexible solution [1][3]. Group 2: Consumer Responsibility - The impulsive decision to take advantage of discounts without considering long-term implications contributed to the dispute, indicating a need for consumers to make more rational choices [3][4]. - Consumers should recognize their responsibility in making informed decisions rather than solely blaming the platform for rigid policies [3][4]. Group 3: Platform Responsibility - iQIYI's strict adherence to the "original payment method" refund policy reflects a rigid mindset that fails to accommodate common consumer scenarios, such as account deactivation [3][4]. - The incident underscores the necessity for platforms to proactively improve their refund mechanisms rather than waiting for public pressure to instigate change [3][4]. Group 4: Market Interaction - The case illustrates a dysfunctional interaction between consumers and businesses, where resolution often relies on public outcry rather than established customer service protocols [4]. - A healthy relationship between consumers and businesses should not depend on "public pressure leading to business concessions," but rather on mutual understanding and proactive service [4].

1 王毅会见柬埔寨副首相兼外交大臣布拉索昆 2025年12月 12月28日，中共中央政治局委员、外交部长王毅在云南玉溪会见柬埔寨副首相兼外交大臣布拉索昆。王毅表示，中柬铁杆友谊经受国际风云变幻考验，坚如 磐石、历久弥坚。中方高度关注柬泰边境紧张局势，一直致力于劝和促谈。在各方共同努力下，柬泰两国军方达成停火协议，朝着恢复和平迈出重要一步， 中方对此表示祝贺。停火完全符合柬泰人民共同愿望，符合地区各国普遍期待，相信会得到各方欢迎支持。（央视新闻） N 王毅会见泰国外长西哈萨 据财政部网站，12月27日至28日，全国财政工作会议在北京召开。会议指出，2026年继续实施更加积极的财政政策。一是扩大财政支出盘子，确保必要支出 力度。二是优化政府债券工具组合，更好发挥债券效益。三是提高转移支付资金效能，增强地方自主可用财力。四是持续优化支出结构，强化重点领域保 障。五是加强财政金融协同，放大政策效能。 3 辽宁辽阳白塔区三里厨娘饭店重大火灾事故调查报告发布 40名公职人员被问责 辽宁省应急管理厅网站于12月28日向社会公布了辽阳白塔区三里厨娘饭店重大火灾事故调查报告。调查认定，这是一起因饭店主体责任不落实，违法改造扩 ...