Group 1 - The core idea is that in the AI era, product distribution has become a critical factor for survival, with social virality being essential within the first 48 hours of launch [1][11][12] - Base44, an AI programming company, was acquired for $80 million just six months after its founding, highlighting the importance of understanding and executing on "virality" rather than relying solely on funding or channels [2][10] - The founder of Base44 emphasized that a user willing to engage and share is more valuable than numerous likes, indicating a shift in how success is measured in product launches [3][11] Group 2 - Base44's success was attributed to three main strategies: involving users in development, encouraging sharing of their work, and focusing on a single distribution platform, LinkedIn [4][6][9] - The company created a growth flywheel that maximized visibility and user engagement through a streamlined process of development, showcasing, and social sharing [9][12] - The rise of AI tools has led to a new distribution paradigm where functionality is merely a threshold, and storytelling and visibility are the key differentiators [9][19] Group 3 - The article discusses a broader trend where AI startups must adapt to a new distribution model, emphasizing public collaboration and transparency in product development [13][18] - Effective distribution now relies on niche creators rather than influencers, as these creators can drive word-of-mouth and engagement within specific communities [16][18] - Companies are increasingly sharing their growth data publicly as a form of marketing, showcasing milestones and even failures to build trust and visibility [17][18]

图：使用该 3F 柔性手进行写书法实验及其力反馈各项指标图 图：该系统的核心在于利用已有的摄像头和柔性手爪，通过算法解锁力感知能力， 无需额外添置昂贵的 F/T 传感器 （如图中箭 头所示， F/T 传感器仅用于训练和验证）。这也是" 3F "中" Free "的核心。 物理媒介：为"被看见"而优化的 F3 柔性手 摘要：在机器人视触觉传感领域，如何兼顾成本与性能始终是一大挑战。耶鲁大学在《 Science Robotics 》上发 表最新研究，提出了一种" Forces for Free "（ F3 ）新范式。该研究通过观测一个经过特殊优化的开源柔性手（ F3 Gripper ）的形变，仅利用标准 RGB 摄像头，便能精准估算接触力，为机器人赋予了几乎零额外硬件成本的 力感知能力。借助这样的感知能力，能完成小孔插销、擦拭曲面，甚至写书法这样需要精细力控的任务。 在机器人与物理世界进行交互时，力的感知至关重要。它不仅是完成插拔、打磨等接触式任务（ contact-rich tasks ）的基础，也是高级人机交互与物理推理的关键。然而，传统的高精度力 / 扭矩（ F/T ）传感器价格昂 贵、笨重且易因撞击损坏， ...

文章来源：北京星动纪元科技有限公司 ▍具身智能企业 云深处科技完成近5亿元新一轮融资，加速具身智能产业化布局 详细会议介绍参看往期文章： （点击蓝字跳转） IRCTC 2025报告嘉宾重磅揭晓！ 72小时后早鸟票关闭！ 截稿延期通知：IRCTC2025九大期刊联合征文延期至7月12日！ ▍"清华系"具身智能企业星动纪元完成近5亿元A轮融资！鼎晖VGC和海尔资本联投 20 25年7月7日， 具身智能企业 星 动纪元宣布完成 近5亿元 A轮 融资 。 本轮融资由鼎晖VGC和海尔资本联合 领投，厚雪资本、华映资本、襄禾资本、丰立智能等知名财务机构及产业资本跟投，老股东清流资本、清控基金 等机构持续加码。华兴资本担任本轮独家财务顾问。本轮融资将用于人形机器人软硬技术的研发与量产落地 ，推 动"模型-本体-场景数据"闭环飞轮高速运转。 星动纪元成立于2023年8月，是 清华大学 唯一持股 的具身智能企业。从成立起便坚持软硬一体的技术路线，致 力于打造物理世界中的通用智能体 、 交付通用生 产力，从而实现机器人赋能千行百业、走进千家万户的愿景。 文章来源：云深处科技 ▍黎万强出手！滴滴首次重仓！小米系首家具身大模型公司小 ...

Core Viewpoint - The article emphasizes that the primary function of participating whole life insurance (增额寿险) is wealth transfer rather than providing retirement income, suggesting that individuals should not rely on it for pension needs [1][3]. Group 1: Core Positioning of Participating Whole Life Insurance - The main purpose of participating whole life insurance is to ensure that the death benefit can withstand inflation, making it suitable for families looking to leave a stable asset for their descendants [1]. - The article compares participating whole life insurance to a family treasure chest, where the principal is stored and grows with interest over time, ultimately benefiting heirs [1]. Group 2: Comparison with Pension Annuities - A comparison between the top participating whole life insurance product (复星保德信星盈家) and a professional pension annuity (国华人寿乐享丰泰) shows that the latter provides significantly better cash flow for retirement [5]. - Key data indicates that before age 65, the cash value of the pension annuity consistently exceeds that of the participating whole life insurance, allowing for better access to funds when needed [5][6]. - After retirement begins, the cash value of the participating whole life insurance diminishes significantly compared to the pension annuity, which guarantees a fixed annual payout [6]. Group 3: Longevity and Retirement Planning - The article warns against underestimating longevity in retirement planning, emphasizing that relying on average life expectancy can be misleading [8][9]. - It highlights that advancements in medicine may increase the likelihood of living longer, making it crucial to have a reliable source of retirement income rather than depending on the cash value of a life insurance policy [9]. Group 4: Distinction Between Wealth Transfer and Retirement Income - Participating whole life insurance is likened to a "treasure chest" for wealth transfer, while pension annuities are described as a "money tree" providing consistent income during retirement [10]. - The article stresses that these two financial tools serve different purposes and should not be confused; wealth transfer should be managed with participating whole life insurance, while retirement income should be secured with pension annuities [10].

今年4月，海南省市场监管局依据《中华人民共和国反不正当竞争法》第八条第一款和第二十条第一 款、《中华人民共和国行政处罚法》第二十八条第一款的规定，并综合裁量案件情节，依法作出责令当 事人停止违法行为，并处罚款200万元、吊销营业执照的行政处罚。 经查，海南聚广众达电子商务咨询有限公司（以下简称当事人）自2024年6月起在直播间推销其网络平 台开店课程。当事人在进行直播宣传时，打造女主播虚假人设，称其具有丰富的履历，并承诺一个月内 赚不回学费就全额退款。但其实际幕后直播人员是当事人随机指定的一名男员工且履历为虚构，全额退 款承诺也无法兑现。当事人在推介过程中，频繁使用虚假的学员成功案例截图及现场办公照片，诱导购 买培训课程。用户购买当事人培训课程后，并未达到当事人所宣传的效果，涉及举报数量和投诉金额巨 大。 "市说新语"微信公众号7月8日消息，为加强直播电商监管，综合整治"内卷式"竞争，保护广大消费者和 经营者合法权益，各级市场监管部门依法履职尽责，近期查办了一批直播电商领域典型案例。为引导直 播电商经营主体依法合规经营，震慑违法违规行为，共同营造网络交易良好生态，现选取一批典型案例 予以公布。 一、海南省市场 ...

7月6日,华安保险河南分公司以"爱和责任 保险让生活更美好"为主题,组织员工在郑州蝶湖公园开展"7.8 保险公众宣传日"健步走活动,通过健康向上的运动方式传递保险温度,助力提升社会公众风险防范意识。 195 4 安保 明 1200 ar 11 1 FL A WALL ACB A as 16 当日早晨,全体员工齐聚在公园,正式拉开健步走活动的帷幕,大家沿着蝶湖公园步道有序前行,全程3.5公 里的路线,不仅让大家享受运动乐趣,更在湖光绿意间感受自然之美。大家也在沿途积极开展公众宣传,党 员干部们勇当先锋,向市民讲解党史知识,并用通俗的语言讲解保险保障功能、防范金融诈骗技巧,同时普 及金融惠民政策,将专业的保险服务和红色基因"送"进群众心坎里,用实际行动诠释保险行业的"爱与责 任"。 ...

Industry Investment Rating - The industry investment rating is maintained at "Outperform" [1] Core Insights - The report discusses the impact of deposit rate adjustments on banks, indicating that the adjustments have a limited impact on financial outflows [4][7] - The establishment of a market-oriented deposit rate adjustment mechanism aims to align deposit rates with market rates, thereby reducing banks' funding costs and facilitating lower loan rates [14][17] - The report highlights a significant shift in deposit structures due to regulatory changes, with a notable migration of deposits from large banks to smaller banks and non-bank financial institutions [6][37] Summary by Sections 1. Reasons for Deposit Rate Adjustments - The adjustments are aimed at promoting interest rate marketization and improving policy transmission, breaking the rigid link between deposit rates and benchmark rates [4][14] - The adjustments are expected to lower banks' funding costs, which constitute over 70% of their liabilities, thereby creating room for loan rate reductions [17][18] 2. Review of Past Adjustments - Historical adjustments include the reduction of structured deposits from CNY 15.4 trillion to zero between 2019 and 2020, and the optimization of deposit rate ceilings in June 2021 [5][22] - The establishment of a market-oriented adjustment mechanism in April 2022 has led to multiple rounds of deposit rate reductions, with long-term deposit rates decreasing more than short-term rates [23][24] 3. Market Impact Review - The report notes that during the initial adjustment phases, there was a significant outflow of structured deposits to wealth management and insurance products [6][37] - The adjustments have generally resulted in a shift of deposits from large banks to smaller banks, as well as a migration towards wealth management and insurance products [6][37] 4. Future Outlook and Investment Recommendations - The report anticipates a significant volume of maturing fixed-term deposits in the third quarter, with potential outflows to non-bank institutions [7] - It suggests focusing on banks that may benefit from reduced funding costs and improved net interest margins, highlighting specific banks such as Bank of Communications and Chongqing Bank as potential investment targets [7]

7月4日，格隆汇2025中期策略峰会在深圳重磅召开。 会上，东方财富证券研究所副所长、首席策略官陈果发表题为《2025下半年中国资本市场展 望：更上一层楼》的主题演讲，分享了下半年值得关注的利好事件及投资方向，为峰会注入专 业洞察与前瞻视角。 下半年的市场：更上一层楼 01 陈果认为，"更上一层楼"简单来说有两层含义： 第一，今年上半年中国股市表现还算不错，从指数来看，下半年主要指数有望创出新高。 第二，要在市场中获取较好收益，视野需要"更上一层楼"。不仅需要考虑当前的盈利，也要具 备全球宏观视野，才能更好把握中国股市的重估牛。 若要真正把握投资机会，需要围绕变革展开。有些慢变量对市场来说并不是主要变量。 他表示， 看待中国市场 ，总体上应该循着这样一个排序来看：港股-A股-经济-地产。 他认为，在本轮布局中更应具备全球化视野，关注全球资金流向与市场比较，全球产业趋势以 及中国企业的国际化。至于下半年走势，站在全球的角度来讲，包括港股市场与A股市场在 内，依然还是价廉物美的——同样的盈利增速下，其估值水平更低，其中港股市场优势更为明 显。 陈果强调， 更重要的是，估值 环境仍 将保持有利 。 我们才刚刚进入弱 ...

报告导读： 无触不成手，触觉传感器为通用人形机器人硬件侧的关键瓶颈，未来具备从手 部向全身渗透潜力，成长空间巨大。 扫码关注 星标不迷路 国泰海通证券研究所官方公众号 海量研报 | 热门活动 | 视听 内容 投资建议： 执行通用任务的机器人要求心灵手巧，灵巧手为人形机器人落地的硬件侧核心，无触不成手。 触觉传感具备从手指向全身渗透的潜力，当人形机器人年产量至 1 亿台，触觉传感或迎万亿蓝海。重点推 荐触觉传感器行业。 触觉传感百家争鸣，多技术路线融合的平台公司更具竞争力。 触觉传感技术路线众多，单一路线均存在性 能与成本端瓶颈。当前国内产业落地端电容与磁电霍尔效应占优，未来或为多技术路线融合取长补短。触 觉传感绝大部分玩家尚未上市，按主流技术路线大致分为压阻、电容、磁电霍尔效应、视触觉四类；按背 景大致分为上游材料企业、传感器老牌公司、探索前沿路线的初创企业、下游应用企业四类。适配机器人 的柔性触觉传感器的生产需要材料、制造与算法端复合能力，切入壁垒较高。此外柔性触觉传感器未来或 朝阵列化、多模态融合、边缘计算和自供电等方向发展。 人形机器人应用方兴未艾，触觉传感或迎万亿蓝海。 根据 VMR 数据，全球触觉传 ...

7月6日，2025（第42 届）全国医药工业信息年会上，好医生集团"诠释中药科学内涵 推动新药研发"项目从全国医药企业中脱颖而出，荣获"2025 年中国医 药工业企业社会责任优秀案例"，39年守正创新发展中医药的责任感和使命感获得高度认可。 这些成果背后是强大的知识产权支撑，好医生集团现拥有注册商标2000多件，好医生集团已累计获得 460 项国家授权专利，6个原始一类新药均拥有国际 PCT 专利，承担 70 余项国家级科研课题。先后荣获国家专利奖、中华中医药学会科技进步一等奖、科技部华夏科技奖一等奖、四川省科技进步一等奖、四 川省专利二等奖等科研创新荣誉。 带着强烈的社会责任感，在科研创新的同时，好医生集团始终践行着"关爱大众健康"的使命。近年来，集团联合编制出版了美洲大蠊和康复新液系列丛书， 让更多人可以深入了解美洲大蠊的药用功效。该系列丛书由《中药美洲大蠊大全》《康复新液临床研究与应用》《康复新液临床研究与应用（普及版）》 《药用美洲大蠊基因组学研究》《药用美洲大蠊基因成分研究》等组成。尤其是《康复新液临床研究与应用（普及版）》一书，将专业的医学理论转化为通 俗易懂的科普内容，有效打破了医学知识的壁垒， ...