但斌展望下半年：2025或复刻1998互联网时代，全力拥抱AI时代新机遇

Core Viewpoint - The chairman of Dongfang Hongwan, Dan Bin, emphasized the importance of independent investment perspectives and identified significant investment opportunities in the context of the upcoming AI era [1][5]. Investment Philosophy - Dan Bin highlighted the necessity of an independent spirit in investment, sharing personal experiences of facing skepticism for his views, particularly during the 2012 liquor crisis [1]. - The company believes that technological advancements, especially in AI, will drive wealth creation, similar to past technological revolutions [1][2]. Historical Investment Opportunities - Dan Bin referred to the significant market drop in April 2023, where the S&P 500 index fell over 10% in two days, suggesting that such declines often present buying opportunities [1]. - Historical data indicates that after major market drops, the S&P 500 has shown substantial recovery over one, three, and five years [2]. Future Outlook - The company is preparing to fully embrace the AI era, which is expected to last over a decade and potentially generate more wealth than previous technological eras [2][5]. - Dongfang Hongwan is shifting its investment focus from traditional industries to innovative global companies, particularly those at the forefront of AI [3]. Investment Strategy - The current investment strategy involves focusing on the foundational layer of AI while also exploring opportunities in vertical applications [3]. - The company advocates for a long-term investment perspective, aiming for significant growth by selecting companies with transformative potential [3]. Global Vision - Dongfang Hongwan has evolved from a China-centric firm to a globally oriented investment institution, committed to growing alongside the world's leading companies [5].