以下文章来源于中国企业家杂志 ，作者张文静 只有一次，他没有谦虚。提起网易那笔收获百倍回报的投资，他坐在椅子上，微微晃了晃身子，脸 上露出狡黠的神色，说"那当然，我是谁啊？我做游戏出身的呀，我可懂游戏了。"他将这次成功归 功于他懂游戏。 从步步高"退休"20多年后，段永平近日罕见露面，与投资者社区雪球创始人、董事长方三文进行了 一场深度对话，尽管内容并未超出过去他散见于各个社交平台的观点，但仍受到了投资者、企业经 营者的热捧。 段永平的独特性在于他于实业、投资的双重成功。实业领域，他创立小霸王品牌，后成立步步高公 司。投资领域，他也创下了诸多成功案例，包括长期持有网易、苹果、茅台等公司股权。人们将他 视为"中国的巴菲特"，试图从他的只言片语中探得企业经营、投资的真经。 01 胸无"大"志 段永平出生于江西南昌，童年时跟随父母下放至江西安福县，辗转于各个农村，上中学的时候搬回 了南昌旁边的石岗，后来考上浙江大学。小时候虽然吃过不少苦，父母却并不太管他，给了他充分 的安全感，所以他从小就习惯自己做决策。 段永平有一个习惯，遇到不喜欢做的事、不合适的地方，他会迅速离开。1982年，段永平大学毕 业，被分到北京电子管 ...

给财经人的礼物 2026 见闻历股神纪念版 同 / 行 与 型 立即抢购 见闻财经日历 WSCN Economic Calendar 华尔街见间 | 时间 | | 内容 | 预期 | 前值 | | --- | --- | --- | --- | --- | | 11月17日 周一 | | | | | | 数据 | 07:50 | 日本 三季度实际GDP季环比初值 | -0.6% | 0.5% | | 事件 | | 无 | | | | 财报 | | 吉利汽车、极氪、小鹏汽车 | | | | 11月18日 周二 | | | | | | 数据 | | 元 | | | | 事件 | 待定 | 微软Ignite 2025技术大会将于11月18日至21日举行 | | | | 财报 | | 拼多多、小米集团-W、百度、爱奇艺、富途控股 | | | | | | | 数据 | | 无 | | --- | --- | --- | | 事件 | 待定 | 纽约联储主席约翰·威廉姆斯发表讲话 | | | 待定 | 日本财务省将拍卖8000亿日元的20年期国债 | | 财报 | | 多邻国、快手-W、联想集团、塔吉特 | 11月20日 ...

Group 1 - The State Council emphasizes enhancing the adaptability of supply and demand in consumer goods to further promote consumption policies [2][3] - The meeting highlights the importance of aligning consumption upgrades with industrial upgrades, focusing on high-quality supply to meet diverse demands [3] - There is a push for innovation in new technologies and business models, particularly in key industries, to develop new products and value-added services [3] Group 2 - The China Securities Regulatory Commission (CSRC) stresses the significance of the 14th Five-Year Plan period for establishing a robust financial foundation and enhancing market resilience [4] - The CSRC aims to improve the quality and value of listed companies while ensuring effective regulatory enforcement and deeper market openness [4] Group 3 - The Shanghai Stock Exchange is monitoring stocks with severe abnormal fluctuations, including companies like HeFu China and Huasheng Lithium [5] - HeFu China reported a cumulative increase of 256.29% over twelve trading days, significantly outpacing industry and index growth, leading to a trading suspension [5] Group 4 - Samsung Electronics has raised the prices of certain memory chips by up to 60% due to a supply shortage driven by the AI data center construction boom [6] - Analysts predict a potential price increase of 40% to 50% for contracts in the upcoming quarter [6] Group 5 - The U.S. government has signed an executive order to eliminate "reciprocal tariffs" on certain agricultural products, responding to domestic demand and inflation pressures [7] - This adjustment is seen as a reaction to recent electoral losses for the Republican Party, reflecting voter dissatisfaction with rising prices [7] Group 6 - The upcoming LPR announcement on November 20 is highly anticipated, alongside significant earnings reports from major companies like Nvidia and Baidu [9] - The market is closely watching these developments for insights into future economic and monetary policy directions [9] Group 7 - A total of 56 companies will have their restricted shares unlocked this week, amounting to 5.109 billion shares with a total market value of approximately 983.46 billion yuan [13][14] - The companies with the highest unlock values include Ruijie Networks (480.34 billion yuan) and Innovation New Materials (96.31 billion yuan) [14]

【环球网财经综合报道】随着美股机构投资者2025年第三季度持仓数据（13F）陆续披露，高瓴、景林、高毅、东方港湾等中资私募机构的海外投资动向浮 出水面。 高瓴旗下专注于二级市场投资的基金管理平台HHLR Advisors发布了截至2025年三季度末的美股持仓报告。数据显示，截至三季度末，HHLR Advisors共持 有33只美股，持仓总市值达41亿美元，较二季度增加9.9亿美元，增幅为32%。 | T Filter | Columns Export | a | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | Stock = | Company Name = | % of Portfolio ▼ | Shares Owned | Value Owned = Latest Activity = | | Ownership Hist Average Buy Price | Price I | | PDD | Pdd Holdings Inc | 27.76% | 8.59M | $ 1.14B | ↑ 23.16% (+1.62M) | ...

南粤文化潮，天下英才聚！11月15日，由广东省委宣传部、广东省人力资源和社会保障厅联合主办的"百万英才汇南粤——文化产业人才荟"在粤港澳大湾区（广东）人才港盛大 启幕。本次活动是广东文化产业高质量发展"政策包"亮点的集中展示，融合招聘对接、政策推介、创意展示与智慧分享于一体，汇聚超百家文化名企，释放18000个优质岗位，全 方位搭建文化产业人才汇聚的高能级平台。 活动分为粤港澳大湾区人才港大讲堂、文化产业政策展示与创意市集，以及"百万英才汇南粤"文化产业专场招聘会三大板块，致力于推动文化人才与产业资源高效链接。 粤港澳大湾区人才港大讲堂聚焦"政策引导、实战分享、供需对接"，特邀上海沉浸机遇科技开发有限公司董事长兼CEO胡世辉、腾讯游戏数据专家刘岩、薄荷糖影业总经理及资 深制片人马双、南方报业传媒集团副社长及南方新闻网总裁侯小军等业界领军人物，围绕文旅科技、游戏设计、影视创作、传媒运营等领域，分享文化前沿趋势与人才成长经 验，精准破解人才培养与产业需求脱节的难题。 E UL 百万英才汇南粤 nd read 文化科技区带来全感VR体验，营造冰雪幻境的震撼效果；非遗产业区集中展示"墩头蓝"纺织技艺、雷州仿生菠萝窑陶 ...

岗位覆盖文化产业全产业链 政策"组合拳"推动人才供需对接 本次招聘会围绕影视、演艺市场、动漫影视、网络游戏、电子竞技、网络视听等领域，划分了文化内容、文化新业态、文化科技、文化制造、文化创意五大 招聘专区。据主办方介绍，截至目前，招聘会共释放岗位超18000个，其中现场招聘区提供近8000个岗位，线上平台释放10000余个岗位。而面向高校毕业生 的近7000个岗位，月薪范围在6000至20000元之间。 招聘会岗位覆盖了文化产业全产业链，集结了国有文化龙头、创新文创企业与新兴数字团队三大阵营，包括腾讯、网易、凡拓等数字内容领航者，华强方 特、奥飞娱乐、咏声动漫等影视动漫标杆，以及南方报业传媒集团、羊城晚报报业传媒集团、广东省出版集团、珠江电影集团等。 广东既是经济大省，也是人口大省和就业大省，当前，当地推动人才供需对接的举措是全年接力并覆盖多行业的状态。以在今年广东"新春第一会"上正式启 动的"百万英才汇南粤"行动计划为例，该计划是当地立足全省发展大局，面向未来、面向全球引才聚才的顶层设计与战略部署。 公开资料显示，自实施以来，广东累计举办各类招聘活动超4000场，人才集聚效应日益凸显。截至7月底，该计划已成 ...

Core Insights - HHLR Advisors, a fund management platform under Hillhouse Capital, reported a total stock holding value of $4.1 billion as of the end of Q3 2025, marking an increase of $990 million (approximately 700 million RMB) or 32% from the previous quarter [1][3] Group 1: Investment Actions - HHLR's primary focus for Q3 was on increasing positions in Chinese concept stocks, notably initiating a position in Baidu and adding to existing holdings in Alibaba and Pinduoduo [1][10] - The top ten holdings of HHLR as of Q3 included Pinduoduo, Alibaba, Futu Holdings, Webull Corp, BeiGene, Baidu, Legend Biotech, NetEase, Arrivent Biopharma, and KE Holdings, with Pinduoduo being the largest holding [3][12] - Baidu entered HHLR's top ten holdings for the first time, with a total of 1.641 million shares acquired, reflecting a significant stock price increase of 54% in Q3 due to advancements in AI commercialization and self-developed chip breakthroughs [4][10] Group 2: Performance of Holdings - Several of HHLR's major holdings performed exceptionally well in 2025, with Pinduoduo's stock price increasing over 30%, Futu Holdings rising more than 120%, and Alibaba's stock price also exceeding 100% [3][4] - The investment trend towards technology stocks was echoed by other large asset management firms, indicating a broader consensus on the potential of the tech sector [6][7] Group 3: Market Trends - The overall sentiment among private equity professionals suggests optimism towards AI-driven sectors and innovative pharmaceuticals, which are seen as key to future growth and national competitiveness [8] - Berkshire Hathaway also entered the tech space by acquiring shares in Google-A for the first time, holding approximately 17.85 million shares valued at about $4.34 billion, indicating a growing interest in technology stocks [7]

【导读】高瓴旗下HHLR Advisors三季度末美股持仓曝光 新进百度集团 三季度，HHLR Advisors大举加仓了拼多多、阿里巴巴等，新进百度集团、满帮集团等公司，但是减持了富途控股、网易、 逸仙电商等，清仓了京东、唯品会、理想汽车等。 今年三季度末，HHLR Advisors持有中概股的市值，占其持仓总市值的比例超过90%，继续成为核心配置，显示了其对中国 优质资产的长期看好。数据显示，三季度该公司新买进5只股票，增持4只股票；清仓8只股票，减持4只股票。 该公司的前十大重仓标的，包括拼多多、阿里巴巴、富途控股、微牛证券、百济神州、百度集团、传奇生物、网易、贝壳 等，前十大重仓股占总持仓的比例为93.46%。 | | | | 高瓴旗下HHLR今年三季度末美股前15大重仓 | | | | --- | --- | --- | --- | --- | --- | | 排名 | 证券代码 | 证券简称 | 持有市值 | 持有数量 | 较上季度变化情况 | | | | | (万美元) | (万股) | | | 1 | PDD | 拼多多 | 113568.39 | 859.26 | 增持161.58万股 | ...

【导读】高瓴旗下 HHLR Advisors 三季度末美股持仓曝光 中国基金报记者 吴君 北京时间 11 月 15 日，高瓴旗下专注二级市场投资的基金管理平台 HHLR Advisors 公布了 截至 2025 年三季度末的美股持仓报告。数据显示，三季度末 HHLR Advisors 总共持有 33 只股票，持仓总市值达到 41 亿美元，比二季度增加了 9.9 亿美元，增幅为 32% 。 三季度， HHLR Advisors 大举加仓了拼多多、阿里巴巴等，新进百度集团、满帮集团等公 司，但是减持了富途控股、网易、逸仙电商等，清仓了京东、唯品会、理想汽车等。 拼多多仍然是 HHLR Advisors 的第一大重仓股，三季度继续加仓了 161.58 万股，持有 859.26 万股，期末持有市值为 11.36 亿美元，占总持仓的 13.21% 。今年以来，拼多多股 价涨幅超过 35% 。 | Market Value | $4.09b, Prior: $3.10b | | --- | --- | | Inflows (Outflows) as % of Total MV | +5.0694% | | New Pur ...

Core Insights - NetEase's open-world martial arts game "Where Winds Meet" has been globally released, showcasing the appeal of Chinese cultural products [1] - The game achieved over 500,000 players within 40 minutes of its overseas launch and reached the Top 5 on Steam's global hottest games list [1] - The game has garnered over 40 million domestic players and features a rich interactive experience based on the historical context of the Five Dynasties and Ten Kingdoms period [1] Summary by Categories Game Performance - The game reached over 500,000 players in just 40 minutes after its global launch [1] - It achieved a peak concurrent player count of over 140,000 on Steam [1] - The game ranked as the second most-watched on Twitch during its launch [1] Cultural Impact - "Where Winds Meet" incorporates various elements of Chinese martial arts and intangible cultural heritage, such as "Dianxue," "Taiji," and more [1] - The game serves as an interactive cultural museum, showcasing over a hundred types of Chinese martial arts and traditional skills [1] - The positive reception from overseas players highlights the global appeal of Chinese cultural products [1] User Engagement - The game has received high praise from overseas users, indicating strong engagement and interest in its unique features [1] - The incorporation of traditional Chinese elements has sparked discussions among players, further enhancing its visibility and attractiveness [1]