Core Points - Klépierre is a leading European shopping mall operator, focusing exclusively on continental Europe, with a portfolio valued at €20.6 billion as of June 30, 2025 [3] - The company operates large shopping centers across more than 10 countries in continental Europe, attracting over 700 million visitors annually [3] - Klépierre is listed on Euronext Paris and is included in various indexes, including CAC Next 20 and EPRA Euro Zone, as well as ethical indexes like MSCI Europe ESG Leaders and FTSE4Good, highlighting its commitment to sustainable development [3] Share and Voting Rights Information - As of November 30, 2025, Klépierre has a total of 286,861,172 shares and 286,861,172 theoretical voting rights [2] - The number of exercisable voting rights is 286,342,025, accounting for shares that are deprived of voting rights [2][5] - Klépierre owns 519,147 of its own shares as of the same date [5]

关注 「电动车公社」 和我们一起重新思考汽车 零跑 虽然表面上没整什么花活，但别忘了零跑母公司大华可是安防龙头。 似乎， 理想 成了一 股清流，除了 造车以外很少干" 出格 "的事。 但如今，理想这个浓眉大眼的也" 叛变 "了 。 12 月 3 号晚上，理想汽车发布了旗下首款人工智能附件—— AI 眼镜 Livis ，正式进军 具身智能行业。 15% 国补后， 起售价 1699 元。 大家好，我是电动车公社的社长。 如果把现存的新势力整一个 "花活度" 排名，我想大概应该这样去排： 做 3C 、家电产品起家的 小米 必然是浓度最高的， 人车家全生态应有尽有。 小鹏 野心最大，飞 行汽车、人形机器人、机器狗 …… 一抓一大把，争当科技排头兵。 蔚来 也差不多，又造手 机又研发芯片，NIO Life有声有色，还在换电站上投了不少光伏项目。 在理想 Livis 上市之后，我怀着好奇的心态，对比了一下市面上同类型智能眼镜的售价（小米、 Mate 、雷鸟等），发现这个定价 已经算非常亲民的了。 我们就借此机会，一起聊聊理想 AI 眼镜到底怎么样？对于理想汽车的发展有什么意义？今后的 AI 眼镜，又会朝着什么形态发展？ ...

Core Viewpoint - The majority of popular Chinese concept stocks experienced an increase, with the Nasdaq Golden Dragon China Index rising over 1% [1] Group 1: Chinese Concept Stocks - Baidu Group rose over 4% [1] - Xpeng Motors and NIO both increased by over 2% [1] - Li Auto and Alibaba saw gains of over 1% [1] Group 2: U.S. Market Performance - On December 5, U.S. stock indices opened slightly higher, with the Nasdaq up 0.27%, the Dow Jones up 0.13%, and the S&P 500 up 0.17% [1] Group 3: Netflix and Warner Bros. Discovery - Netflix fell over 4% while Warner Bros. Discovery rose over 3% [1] - Netflix plans to acquire Warner Bros. Discovery's film studio and streaming business for $72 billion [1]

Core Viewpoint - The Nasdaq China Golden Dragon Index experienced an initial increase of 1.3%, indicating positive market sentiment towards Chinese stocks listed in the U.S. [1] Company Performance - Baidu Group saw a rise of over 4%, reflecting strong investor interest and confidence in the company's performance [1] - Xpeng Motors and NIO both increased by over 2%, suggesting a favorable outlook for the electric vehicle sector [1] - Li Auto and Alibaba experienced gains of over 1%, indicating a stable performance among major Chinese companies [1]

Market Overview - On December 5, US stock indices opened slightly higher, with the Nasdaq up 0.27%, the Dow Jones up 0.13%, and the S&P 500 up 0.17% [1] - The Dow Jones Industrial Average was at 47,914.54, increasing by 63.60 points or 0.13% [2] - The Nasdaq Index reached 23,568.38, rising by 63.24 points or 0.27% [2] - The S&P 500 stood at 6,868.59, gaining 11.47 points or 0.17% [2] Chinese Stocks Performance - Most popular Chinese stocks saw an increase, with the Nasdaq Golden Dragon China Index rising over 1% [2] - Baidu Group surged over 4%, while Xpeng Motors and NIO both increased by over 2% [2] - Li Auto and Alibaba rose by over 1% [2] Company News - Netflix experienced a decline of over 4%, while Warner Bros. Discovery saw an increase of over 3% [2] - Netflix is set to acquire Warner Bros. Discovery's film studio and streaming business for $72 billion [2]

Core Insights - Li Auto officially launched its AI glasses, Livis, in collaboration with Zeiss, marking the first product from their global strategic partnership [1][3] - The glasses are priced starting at 1999 yuan, with a 15% national subsidy available until December 31 for the first sales month [1] - Livis aims to extend Li Auto's smart experience beyond the vehicle, serving as a natural interaction interface for users [3] Product Features - Livis glasses weigh only 36 grams and are optimized for comfort based on data from over 50,000 Chinese head shapes [8] - They feature IP54 dust and water resistance, making them suitable for daily use [8] - The glasses come with high-quality Zeiss lenses and offer various styles, including options for prescription, photochromic, and sunglasses [1][8] Technology and Functionality - Livis is equipped with a new version of Li Auto's AI assistant, powered by the self-developed MindGPT-4o multimodal model, allowing for hands-free operation of vehicle functions [5][6] - The glasses support a continuous operation time of 18.8 hours and can last up to 78 hours in standby mode [10] - They include a first-person camera with a 12-megapixel lens, supporting 105-degree ultra-wide-angle shooting and features like EIS electronic stabilization [8][10] Audio and User Experience - Livis incorporates open-space audio technology, providing a 360-degree surround sound experience [8] - The glasses are designed to enhance daily life interactions, allowing users to manage various tasks seamlessly without needing to use their phones [6][10]

Core Viewpoint - Li Auto has officially launched its first AI eyewear product, Livis, priced at 1999 yuan, with a promotional price of 1699 yuan after subsidies. The company aims to target existing Li Auto users and tech enthusiasts, despite low initial sales expectations [1][2][9]. Product Launch and Features - Livis is claimed to be the lightest AI eyewear on the market, weighing only 36g, which is just 10g heavier than regular glasses [1]. - The product is a result of a strategic collaboration with Zeiss, focusing on integrating the AI assistant "Li Xiang" into users' daily lives through both a mobile app and the eyewear [3][12]. - The company has set a goal of acquiring at least 10,000 seed users for Livis, with a return rate lower than the industry average of 30-50% [8][9]. Market Context and Strategy - Li Auto has historically focused on refining a single vehicle model, but is now diversifying into AI eyewear amid declining sales, with monthly sales dropping from 50,000 to 30,000 units [2][10]. - The decision to enter the AI eyewear market comes after observing the success of Meta's Ray-Ban Meta glasses, indicating a strategic pivot to capitalize on emerging technology trends [3][6]. - Despite skepticism from investors and employees regarding the timing and focus of this new product, the company remains committed to its AI strategy, emphasizing user experience over immediate sales [5][10][12]. Development and Future Plans - The development of Livis has been a long-term project, with initial research dating back to 2020, and the first prototype completed in mid-2022 [14][15]. - Future iterations of the product are planned, including models with display capabilities, aiming to create a fully independent wearable device that does not require a smartphone [24][26]. - The company is focused on ensuring high-quality production standards, with plans for 100% inspection of each unit produced [24][27].

Core Viewpoint - Li Auto (LI.US) has seen a stock increase of 0.86% yesterday and a further rise of 1.48% in pre-market trading today, reaching $17.85. The company officially launched its first AI smart glasses, Livis, priced starting at 1999 yuan, with a government subsidy of 15% available for orders placed before December 31, reducing the price to 1699 yuan. The Livis glasses weigh 36 grams, have a battery life of 18.8 hours, and come with a charging case that supports wireless charging and a Type-C charging port [1]. Company Summary - Li Auto's stock performance shows a positive trend with a 0.86% increase yesterday and a 1.48% increase in pre-market trading today, indicating investor confidence [1]. - The launch of Livis smart glasses marks a significant product expansion for Li Auto, showcasing its entry into the AI technology market [1]. - The pricing strategy includes a government subsidy, making the product more attractive to consumers, which could drive sales [1]. - The specifications of Livis, including its lightweight design and long battery life, position it competitively in the smart glasses market [1].

2025年11月13日理想基座模型团队发布 模型在不同语言下的指令遵循能力存在显著差异，GPT-o3-2025-04-16中文任务的严格准确率为 76.9%，而英文任务为 63.5% (中文英文没打 错)。即单一语言的评测无法代表模型的整体控制能力 。 LexInstructEval(基于形式化语法的指令评估框架) 框架由两个解耦的工程模块组成: 数据构建管道 (Data Construction): 基于形式化语法生成无歧义的指令数据集 。 自动化验证引擎 (Automated Verification Engine): *基于确定性代码(而非 AI 模型)的验证工具 。 数据策略: 形式化语法分解 (Formal Grammar) 不直接使用自然语言生成数据，定义了一套形式化语法，将所有指令解构为机器可读的 (Procedure, Relation, Value) 三元组: LexInstructEval: Lexical Instruction Following Evaluation for Large Language Models 理想这篇论文核心指出限制模型性能的瓶颈不在于指令的数量(Bread ...

Core Viewpoint - Li Auto (LI.US) continues to show positive stock performance, with a pre-market increase of 1.48% following the launch of its first AI smart glasses, Livis, priced starting at 1999 yuan [1] Company Summary - Li Auto's stock closed at $17.59 on December 4, 2023, and opened at $17.51 on December 5, 2023, with a pre-market price of $17.85 [1] - The company reported a trading volume of 4.9262 million shares and a total market capitalization of $17.754 billion [1] - The Livis smart glasses weigh 36 grams, have a battery life of 18.8 hours, and come with a charging case that supports wireless charging [1] - A government subsidy of 15% is available for orders placed before December 31, reducing the price to 1699 yuan [1] Financial Metrics - The stock's price-to-earnings (P/E) ratio is 27.06 (trailing twelve months) and 16.41 (forward) [1] - The price-to-book (P/B) ratio stands at 1.727, with a total share count of 1.009 billion [1] - The stock has a 52-week high of $33.12 and a low of $17.265, indicating significant price volatility [1]