Overview - The company plans to acquire 51% of Hangzhou Wangying Technology Co., Ltd. through a cash transaction, which will make it a subsidiary of the company [1][2] - The acquisition price for the 51% stake is set at RMB 43,842.46 million, based on an overall valuation of RMB 85,965.60 million for the target company [1][2][16] Transaction Details - The acquisition will be funded through the company's own or self-raised funds, and it has been approved by the company's strategic committee [2] - The transaction does not involve related party transactions and does not constitute a major asset restructuring as defined by regulations [2] - The target company will be included in the company's consolidated financial statements post-acquisition [2] Target Company Information - Hangzhou Wangying Technology Co., Ltd. is a brand e-commerce service provider established in 2009, focusing on providing comprehensive e-commerce services [8][9] - The company has developed a full-service system covering e-commerce operations, brand marketing, warehousing, and data technology [8][9] - Wangying Technology has established a strong presence in the pet economy sector, collaborating with well-known brands and expanding its service offerings [10][11] Financial Performance - As of February 28, 2025, the target company's total assets were RMB 91,044.86 million, with total liabilities of RMB 47,616.94 million, resulting in net assets of RMB 43,427.93 million [13] - The company's revenue for the year ending December 31, 2024, was RMB 64,825.69 million, with a net profit of RMB 5,032.96 million [13] Valuation and Pricing - The valuation of the target company was conducted using both market and income approaches, with the income approach yielding a valuation of RMB 86,475.93 million [15][16] - The final acquisition price reflects a fair and reasonable assessment based on the valuation report, ensuring no harm to the interests of the company and its shareholders [16] Governance and Management - Post-acquisition, the governance structure will allow the acquiring company to nominate the majority of the board members, ensuring control over the target company [22] - The original controlling shareholders will retain a minority stake and have specific rights regarding management and operations [22][30] Strategic Implications - The acquisition aligns with the company's strategy to capitalize on opportunities in the digital economy and consumer sectors [1][8] - The company aims to leverage the target's expertise in e-commerce to enhance its market position and expand its service offerings [8][9]

"中国拥有巨大的市场，是全球货物贸易第一大国。不仅如此，中国还在供应链上拥有很强的生产力。 因此，我认为，中国在全球贸易中扮演着举足轻重的角色。" 他表示，中国对于世贸中心协会来说极为重要。中国率先开启了数字化的进程，期待与中国就未来的数 字化贸易展开更多对话与协作。 近日，世界贸易中心协会理事会副主席卢西亚诺·蒙特内格罗·德·梅内塞斯(Luciano Montenegro de Menezes)在北京接受21世纪经济报道记者采访时表示，如今，中国人工智能、跨境电商业务快速扩张， 这将成为中国未来在国际贸易中的发展方向，为全球贸易带来新活力。 5月，巴西总统卢拉对中国进行了国事访问。这是他开启其第三个总统任期内的第二次对华国事访问， 也是他第六次访问中国。在此次访问期间，两国元首共同见证签署发展战略对接、科技、农业、数字经 济、金融、检验检疫、媒体等领域20份合作文件。 对于卢拉此次访华的意义，来自巴西的梅内塞斯对记者表示，此次访问旨在进一步深化中巴两国的关 系，在当前的地缘政治格局下，开展对话意味着创造机会。在他看来，中巴在众多领域有广阔的合作前 景，特别是人工智能科研与应用能力方面——两国在该领域的合作有 ...

Core Viewpoint - Optimizing the cross-border data flow mechanism is essential for stabilizing foreign investment in China and developing a competitive digital industry, as part of the "14th Five-Year Plan" for digital China [1][2]. Group 1: Importance of Cross-Border Data Flow - Cross-border data flow is a crucial prerequisite for the development of the digital economy and digital trade, with an average profit growth rate of 10% across industries, and up to 32% in sectors like digital platforms and finance [2]. - The optimization of this mechanism can reduce compliance costs for enterprises and enhance their investment confidence in China [2]. Group 2: Policy Developments - In December 2023, a three-year action plan was issued to promote orderly cross-border data flow and optimize regulatory measures [2]. - The National Cyberspace Administration released regulations in March 2024 that significantly improved data management policies, particularly for data not containing personal information or important data [2]. Group 3: Regional Initiatives - Shanghai is actively exploring data flow mechanisms, having released a negative list management approach for data exit in February 2025, aligning with international trade rules [3]. - The establishment of data cross-border service centers in Shanghai aims to provide one-stop services for enterprises, enhancing the legal framework for data processing [3]. Group 4: Need for Acceleration and Upgrades - The integration of digital economy and traditional sectors necessitates an accelerated optimization of cross-border data flow mechanisms to meet new demands from foreign investors [4][5]. - The global digital healthcare market is projected to reach $1.5 trillion by 2032, highlighting the need for innovative regulatory frameworks to attract investment while ensuring data security [4]. Group 5: Recommendations for Improvement - A unified national approach to data flow mechanisms is recommended, focusing on a negative list model to facilitate cross-border data movement [7]. - Simplifying approval processes and creating fast-track mechanisms for data exit can enhance efficiency and attract foreign investment [7]. Group 6: Infrastructure and International Cooperation - Improving digital infrastructure and service levels is crucial for supporting multinational enterprises in China, with a focus on building data centers and enhancing connectivity [8]. - Strengthening international cooperation in data flow and aligning with global trade agreements can foster a favorable environment for foreign investment [9].

今年4月初，美国政府宣布对所有贸易伙伴征收所谓"对等关税"，遭到各界普遍反对，随后美政府又宣 布对多数贸易伙伴暂缓征收"对等关税"90天，并推进相关贸易谈判。美国关税政策仍存在较大不确定 性，中资企业在东盟投资该何去何从？ 高恕年认为，如果部分中资企业在东盟投资是为了扩大对美出口产能，这部分投资短期内可能会因为关 税谈判不明朗而暂缓；但如果这些企业投资是为了开发东盟等当地国内市场，这样的投资仍在继 续，"我们并没有看到放缓的迹象"。 新华财经6月9日电（记者高攀）渣打银行企业及投资银行业务联席全球主管兼东盟及南亚区行政总裁高 恕年（Sunil Kaushal）日前在上海表示，中国与东盟近期宣布全面完成自贸区3.0版谈判可谓"恰逢其 时"，向世界发出了倡导多边主义与贸易开放的"最强音"，将推动中国-东盟贸易走廊加速发展，并发 挥"乘数效应"带动世界其他地区实现更大发展。 自贸区3.0版将加速中国-东盟贸易走廊发展 高恕年在此间出席2025渣打中国企业峰会接受新华财经记者采访时说，中国与东盟已互为彼此最大贸易 伙伴，双方贸易规模仍在保持增长，近期双方全面完成自贸区3.0版谈判释放出了非常重要的信号。当 世界上很多 ...

Group 1: Company Overview - Lion Group Holdings (02562.HK) experienced a significant stock price increase, rising over 8.19% before settling at a 6.39% gain, priced at HKD 15.32 per share [1] - The company announced a non-binding investment letter for a potential acquisition of at least 80% of a leading Chinese SaaS platform, which serves over 30,000 enterprise clients and processes over 4 billion orders annually [1] - The acquisition aims to create transformative synergies, enhancing access to a vast client network and integrating technological advantages to develop an AI-driven SaaS platform [1] Group 2: Strategic Moves in AI - Lion Group Holdings has been actively expanding its presence in the AI sector, with multiple initiatives launched in 2023 [2] - The company, founded in 2014, focuses on providing digital commerce solutions in Southeast Asia and has supported over 600 enterprises through its data-driven e-commerce platform, Synagie [2] - Recent collaborations include a joint venture with Alliance Digital Technology to develop an AI platform and a strategic partnership with BytePlus to leverage AI infrastructure for new enterprise applications [4] Group 3: Market Context and Growth Potential - Southeast Asia is recognized as one of the fastest-growing e-commerce regions globally, with projections indicating the market could reach USD 295.96 billion by 2025 [5] - The potential for enterprise-level AI adoption in the region is substantial, with the Asia-Pacific AI market expected to reach USD 85.15 billion by 2025, growing at a CAGR of 27.76% from 2025 to 2030 [5] Group 4: Financial Performance Challenges - Despite its strategic initiatives, Lion Group Holdings faces financial challenges, reporting a revenue decline of 19.5% to SGD 10.2 million in 2024, with losses widening to SGD 27 million [6] - The company's ability to navigate the competitive and capital-intensive AI sector will be critical for its transformation and success [6]

截至2025年6月9日 10:58，中证数字经济主题指数(931582)上涨0.47%，成分股用友网络(600588)上涨6.42%，东方财富(300059)上涨2.97%，金山办公(688111) 上涨2.79%，同花顺(300033)上涨2.55%，润泽科技(300442)上涨2.24%。数字经济ETF(560800)上涨0.53%，最新价报0.76元，成交1371.90万元。（以上所列 示股票为指数成份股，仅做示意不作为个股推荐。过往持仓情况不代表基金未来的投资方向，也不代表具体的投资建议，投资方向、基金具体持仓可能发生 变化。市场有风险，投资需谨慎。) Wind数据显示： 规模方面，数字经济ETF近2周规模增长2240.82万元，实现显著增长，新增规模位居可比基金1/2。 份额方面，数字经济ETF近2周份额增长1800.00万份，实现显著增长，新增份额位居可比基金1/2。 资金流入方面，数字经济ETF最新资金净流入150.61万元。拉长时间看，近9个交易日内，合计"吸金"1170.86万元。 数据显示，杠杆资金持续布局中。数字经济ETF连续5天获杠杆资金净买入，最高单日获得347.92万元净买入，最新 ...

Core Viewpoint - The event aims to connect the network culture industry with higher education institutions to create quality employment opportunities for graduates and enhance the digital economy in Shenyang [1][3]. Group 1: Event Overview - The "Campus Dual Selection Activity" was successfully held at Shenyang Industrial University, Shenyang City College, and Shenyang Conservatory of Music, guided by local government departments [1]. - The event focused on "precise matching, industry-education integration, and collaborative innovation," facilitating a three-way collaboration among government, enterprises, and schools [1]. Group 2: Employment Opportunities - Nearly 100 key network culture companies participated, offering over 1,500 quality job positions in emerging fields such as content production, animation, e-sports, digital marketing, and digital music production [3]. - More than 500 graduates and current students have reached preliminary employment or internship intentions, with specific success noted among music students and engineering students [3]. Group 3: Future Plans - The local government plans to promote cooperative education between network culture companies and higher education institutions, implementing a "targeted training + customized demand" model [5]. - Initiatives include establishing a "Shenyang Network Culture Talent Database" for dynamic talent supply and demand matching, and creating a demonstration base for industry-education integration [5].

Core Insights - The successful issuance of a data intellectual property pledge loan in digital RMB by Zhejiang International Oil and Gas Trading Center marks the first instance of such a loan in Zhejiang Province, highlighting the innovative application of digital currency in financing [1][2] - This initiative aligns with national strategies for digital economy development and the promotion of digital RMB, reflecting the rapid growth of the digital economy in Zhejiang Province [1][2] Group 1: Company Initiatives - Zhejiang International Oil and Gas Trading Center has actively responded to national and provincial calls to enhance data elements and explore their potential value [1] - The center has developed a "Zhoushan Price" index system since 2021, focusing on the release of price indices related to bonded fuel oil [1] Group 2: Financial Innovation - The pledge financing focuses on key outcomes of the "Zhoushan Price" system, specifically the "China Zhoushan Low Sulfur Fuel Oil Bonded Bunker Supply Quotation Data" and two other price indices [1] - The loan was issued in digital RMB, demonstrating the value of data elements as assessed by the China Construction Bank's Free Trade Zone branch [1] Group 3: Future Prospects - The successful issuance of the digital RMB data intellectual property pledge loan is seen as a significant step in activating the potential of data elements and enriching the application scenarios of digital RMB in bulk commodity settlements [2] - The center plans to leverage this success to further explore and expand the application scenarios of digital RMB in bulk commodity trading, enhancing its platform capabilities and financial service offerings [2]

Group 1 - Hainan has been selected as one of the first pilot areas for the expansion of value-added telecommunications services, allowing foreign investment in the telecommunications sector [5][6] - The establishment of international communication business entry and exit bureaus in Hainan marks a significant step in the country's telecommunications industry opening up to foreign investment [7][8] - The successful launch of the underwater computing center in Hainan signifies the region's commitment to developing a robust digital economy and enhancing data security and flow [3][9] Group 2 - The gaming industry in Hainan is experiencing rapid growth, with over 2,100 gaming companies established in the region, serving players across six continents [10][11] - Hainan's favorable policies for free movement of personnel and capital, along with improved data security measures, are attracting global gaming companies to the region [11] - The ongoing construction of international submarine cables and data centers is expected to further support Hainan's digital economy and international data industry development [8][9]

小红书不仅是一个高度活跃的生活社区，更已成为用户的首要消费决策场。用户通过图文与短视频，分 享时尚穿搭、美妆技巧、旅行与美食攻略等多元生活灵感，实现从产品发掘到购物的无缝体验。小红书 首席营销官之恒表示，小红书2013年刚成立的时候，就和香港结下了不解之缘。"小红书最早推出的七 本跨境购物攻略中，就包含了香港的购物攻略。可以说，香港是小红书写下在线社区发展时代叙事的开 端。" 香港投资推广署于6月7日宣布，国内知名生活社区小红书正式在香港开设办公室。这是小红书首次在中 国内地以外设立办公室，以便更深度服务境外品牌和用户，这一举措也为香港的数字经济和文创产业注 入新活力。 当日，小红书香港办公室的开幕仪式隆重举行，香港财政司司长陈茂波亲临现场并担任主礼嘉宾。陈茂 波表示，小红书落户香港具有三方面意义。第一，小红书与香港社群建立更紧密的联系，能为香港本地 商家在产品和服务的设计、营销推广等方面开拓新视角和新渠道；第二，香港作为国际金融、贸易及创 科中心，可助力小红书壮大业务，并拓展全球布局；第三，借助香港融通中外的文化特质与全球网络， 推动中国优秀的文化和产品走向世界，共同讲好中国故事。陈茂波还表示，期待与小红书 ...