店 转自：新华财经 随着暑期旅游旺季到来，出境游市场显著回暖。途牛等在线旅游平台的数据显示，今年暑期出境游预订量同比增长超60%，特别是在东南亚、欧洲等目的 地，住宿、交通和文旅消费呈现出显著攀升。而较早前中国旅游研究院发布的《中国出境旅游发展年度报告2024》显示，今年中国公民出境旅游人次有望达 到1.46亿。 在消费结构升级的背景下，游客对海外住宿体验的期望从"能住"转向"好住"，更青睐于熟悉、安全、便捷且可预期的服务体系。一些具备全球能力与数字平 台支撑的中国本土酒店集团，正逐步在这一趋势中扮演更加积极的角色。 上海中心J酒 全球布局提速，构建覆盖五大洲的服务网络 近年来，随着中国酒店管理能力、品牌力和数字化水平的提升，中资酒店集团"走出去"的步伐不断提速，包括锦江、华住、尚美等头部企业正加快在东南 亚、欧洲、中东等重点区域的布局，部分品牌已在海外实现直营、加盟、品牌授权等多种模式并行发展的格局。 作为"领头羊"，锦江国际集团近年来持续拓展全球布局。根据酒店行业权威媒体美国《HOTELS》杂志2024年7月公布的全球酒店集团排行榜，锦江国际集 团酒店规模位居全球第二、亚洲第一。截至2024年底，锦江投资 ...

圆桌讨论环节，嘉宾们围绕中国企业经济出海展开讨论。上海钇远私募基金管理有限公司执行董事 杨玉成指出，当前企业出海已从单一产品输出拓展为投资、技术、文化、并购等多元形态。 科大讯飞有限公司高级副总裁兼CFO段大为认为，出海是世界经济合作与中国改革开放逻辑的共 振，企业竞争力提升源于产业链位置升级与长期基建投资积累，如中国在互联网、人工智能领域的场景 实践经验。 从微观与宏观双视角分析，上海益研投资咨询有限公司研究员饶钢指出，微观层面，企业因国内内 卷和地缘政治压力被动出海，宏观层面则是中国制造业能力外溢与全球布局的时代必然。 以"宏观视野：投资机遇、挑战及区域经济发展的破局"为主题，2025年度上海国家会计学院企业家 高层论坛近日举行。 上海国家会计学院党委副书记、院长卢文彬表示，在数字经济时代，投资机遇、挑战及区域经济发 展的破局，更需要企业家们具备全球化视野和创新思维。当前中国企业正经历从"贸易出海"到"品牌出 海"的转型升级，在新能源、智能装备等领域展现"智造"的同时，也面临跨国文化差异、本地化运营等 深层挑战。 美国亚利桑那州立大学凯瑞商学院院长奥哈德・卡丹强调，大数据与人工智能推动投资决策从传统 财务 ...

证券代码：300825 证券简称：阿尔特 2023年以来，公司大力推进"技术+供应链"出海战略，目前已在全球设立七 个研发中心，重点布局日本、东南亚、中东等地区市场，能够为国际客户提供 研发设计、产线设计、技术授权、核心零部件等多种产品和服务。目前公司已 启动与国际大型汽车集团的合作，并深度赋能全球知名企业向汽车领域转型。 同时，公司将AI能力融入设计业务，提出AI赋能汽车研发设计战略，目前 已将AI大模型和数字化研发工具等新技术应用到造型、工程、仿真建模分析测 试、性能开发、试验等研发业务链的多个环节。未来以"汽车用户价值—属性 大模型"为核心，推出一系列AI工具、垂类模型和智能体的产品，形成 AI 工 业设计平台，推动汽车开发效率提升。此外，针对机器人等新兴领域，公司积 极进行布局，已于2025年5月成立了控股子公司阿尔瑞特，未来将作为公司机器 人业务主体，通过构建"一核心+四大平台"精准聚焦智能机器人行业痛点。目 前，公司AI及机器人业务产生的收入较小，对公司财务影响有限。 二、 交流互动环节 参会的各位投资者就各自关心的问题与公司进行了交流互动，主要探讨了 以下问题： 阿尔特汽车技术股份有限公司 投资 ...

Group 1 - The core viewpoint of the articles indicates that the MCN industry is shifting from a traffic-driven economy to a supply chain-driven economy, highlighting the importance of supply chain capabilities for survival and competitiveness [1][3][4] - Major MCNs are increasingly focusing on building their own brands and reducing reliance on top influencers, as seen with companies like Oriental Selection and Yao Wang [4][5][6] - The trend of relocating headquarters to areas with strong supply chain capabilities, such as the return of Xin Xuan Group to Guangzhou, emphasizes the need for proximity to manufacturing and logistics [2][3] Group 2 - The establishment of new brands, such as the sanitary napkin brand launched by Yao Wang, reflects a strategic move towards integrating supply chain management with brand development [4][5] - The introduction of self-operated apps and private domain e-commerce strategies by various MCNs indicates a shift towards direct consumer engagement and brand loyalty [17][18][19] - The exploration of new markets, including AI integration and overseas expansion, represents a significant opportunity for growth in the evolving landscape of the live commerce industry [20][21][22][23]

Group 1 - The forum held at Shanghai National Accounting Institute focused on investment opportunities, challenges, and regional economic development, gathering top scholars and industry leaders to discuss global economic trends and corporate strategies [1] - Chinese enterprises are transitioning from "trade going global" to "brand going global," showcasing advancements in sectors like new energy and intelligent equipment while facing challenges such as cultural differences and localization [1] - The integration of digital technologies like AI and blockchain into business education is aimed at helping entrepreneurs seize opportunities in the digital transformation wave [2] Group 2 - The investment landscape for Chinese companies going global has evolved from single product exports to diverse forms including investment, technology, culture, and mergers and acquisitions [4] - The ASEAN region is highlighted as a significant choice for Chinese enterprises' international development, with an emphasis on understanding the differences among ASEAN countries and the importance of compliance management [2][4] - Companies face compliance challenges such as market access, data security, and tax structures when expanding internationally, necessitating clear strategic positioning and leveraging professional institutional capabilities [4]

Group 1: Current Opportunities for Global Expansion - The current environment is a golden opportunity for entrepreneurs to expand globally due to the AI technology wave, which has significantly lowered the barriers to entry for solo teams [1] - AI tools can automate 80% of basic product development, enabling efficient global operations [1] - Overseas users show a willingness to pay 5-10 times more for efficiency and creativity products compared to domestic markets, reshaping global strategies for entrepreneurs [1] - The SaaS export volume is projected to grow by 147% year-on-year in 2024, with individual developers contributing 38% of this growth [1] Group 2: Five Golden Rules for Selecting Market Segments - Preference for vitamin-like demand over painkiller-like necessity in market type selection [2] - Subscription models are more sustainable than transaction-based revenue models [2] - Focus on niche markets to cultivate significant opportunities [2] - Cultural adaptation strategies should prioritize gradual market entry [2] - Recommended pricing range for products is $9.99-$49.99, aligning with overseas user expectations [2] Group 3: Market Evaluation and Risk Assessment - A scientific evaluation system is proposed with seven key indicators, including market size (TAM ≥ $1 billion) and gross margin (GM ≥ 60%) [3] - Compliance costs should be less than 10% of revenue to manage cross-border operational complexities [3] - The risk coefficients for target markets vary, with the U.S. having a high willingness to pay and mature digital ecosystem, while Europe prioritizes GDPR compliance [3] Group 4: High-Potential AI Projects for Global Expansion - A list of 20 high-potential AI projects is categorized by market size and subscription pricing, with examples including AI email writing plugins and AI language learning apps [5] - Strategic recommendations suggest entry points for beginners and technology-focused players, emphasizing cash flow and growth-oriented sectors [5] Group 5: Case Studies and Lessons Learned - Successful case studies highlight the importance of niche focus and specialized content databases, as seen in academic writing AI tools and Notion template stores [6][7] - The "small but beautiful" philosophy emphasizes the value of focusing on specific scenarios rather than broad functionalities [8] Group 6: Entrepreneurial Action Matrix - Entrepreneurs should define priority markets, validate demand within a week, and prepare a budget of $500 for user validation [10] - Establishing a feedback loop through daily research is crucial for user engagement and product improvement [10] Group 7: Underlying Logic of Global Entrepreneurship - In the AI-enabled global market, entrepreneurs are encouraged to simplify their business models to effectively engage with complex markets [11] - The focus should be on finding deeply resonant products with a smaller user base rather than a broad audience [12]

Core Viewpoint - The Chinese liquor industry is currently in a period of adjustment, with leading companies focusing on "steady development" as their primary strategy amidst challenges such as slowing consumer demand and intensified competition [2][3][6]. Group 1: Financial Performance and Dividends - Major liquor companies like Moutai, Wuliangye, and Yanghe are showing a trend of increasing dividend amounts and ratios, reflecting their strong financial performance and commitment to shareholder returns [7][8]. - Moutai plans to distribute a total cash dividend of 646.72 billion yuan for 2024, with a distribution rate of around 80% [7]. - Wuliangye announced a record high total dividend of 223 billion yuan for 2024, with a dividend yield of 4.9%, and committed to maintaining a dividend ratio of no less than 70% from 2024 to 2026 [7][8]. - Luzhou Laojiao has also set a three-year cash dividend plan, with rates increasing from 65% to 75% over the next three years [8]. Group 2: Strategic Focus and Market Positioning - The keyword for the liquor industry in 2025 is "stability," as companies prioritize maintaining market share and quality over rapid growth [3][6]. - Wuliangye reported a revenue growth of 7.09% and a net profit growth of 5.44% for 2024, continuing its trend of steady growth for ten consecutive years [5]. - Shanxi Fenjiu emphasized the shift in competition from speed to quality, focusing on stabilizing markets, channels, and prices [5]. Group 3: International Expansion - Moutai's international revenue reached 5.189 billion yuan in 2024, marking a significant milestone in its global strategy, which includes transitioning from product export to brand and cultural promotion [9]. - Wuliangye has successfully opened 21 new overseas markets and established 29 new distributors, enhancing its international presence [10]. - Fenjiu is implementing a differentiated international strategy, successfully filling market gaps in 11 countries and increasing its overseas revenue by over 50% [10]. Group 4: Product Innovation and Market Trends - The trend towards lower alcohol content beverages is gaining traction, with several leading companies, including Moutai and Wuliangye, planning to launch low-alcohol products to cater to younger consumers [13][16]. - Moutai has introduced a blueberry sparkling wine and is actively recruiting distributors to capture more market share in the low-alcohol segment [16]. - The industry is recognizing the need to adapt to changing consumer preferences, with companies exploring new product lines to meet diverse market demands [16].

7月4日，浙江省"浙里智造 链通全球"企业服务专项活动启动仪式暨杭州站活动在杭州余杭区成功举 办。本次活动由省经信厅、省公安厅、省商务厅、省贸促会共同主办，旨在整合资源、搭建平台，为浙 江制造业企业开拓国际市场提供全方位、高质量的服务支撑。省政府副省长柯吉欣出席启动仪式并为浙 江省制造业企业出海公共服务联盟揭牌。彦德国际作为企业出海服务联盟成员受邀参会。 启动仪式上，来自省级有关单位、各设区市经信部门相关负责人以及全省各地的100余家重点出海企业 和服务机构代表齐聚一堂，共同见证活动启幕。 柯吉欣副省长莅临彦德国际展位考察并亲切会见彦德国际代表 大会期间，副省长柯吉欣在参观服务机构展区时，莅临彦德国际展位考察并亲切会见彦德国际代表。作 为专业的服务机构，彦德国际的服务内容高度契合本次"链通全球"活动"支持企业产品出海、品牌出 海、标准出海"的核心目标，致力于帮助企业高效拓展全球市场，有效应对出海过程中面临的各类挑 战。 副省长柯吉欣此次考察，充分体现了省委省政府对专业服务机构赋能浙江企业全球化发展的高度重视与 殷切期望。彦德国际对此表示，将积极响应政府号召，依托本次活动搭建的"浙里智造 链通全球"平台 以及浙 ...

第27届中国建博会（广州）暨2025广州卫博会进入开幕倒计时！7月8-11日，2000+企业将与涌入羊城的20万+专业观众，来一场一年一度"大年初一"般的 再聚首。 今年，万千家居人又将谱写一首什么样的"大家居建装之歌"？本期家居新范式结合广州建博会吹风会释放的信息，以及各企业的预热表现，剧透这一盛会 的变化与背后折射的行业趋势。 生态重构：从"单点突破"到"价值共生" 今年以来，同样面对内需回暖、外需承压的差异化格局，大家居建装行业的"悲"与"喜"似乎并不相通。 硬币的一面是，传统家居行业企业面临产销两降，卖场、小区、直播等以前的很多生意逻辑似乎越来越玩不转了。国家统计局、海关总署等多方数据显 示，2025年1-5月，我国家具行业规模以上企业的营业收入连续5个月同比下降，利润总额下降27.9%，家具出口下降8.2%，厂商急寻破局出口。 与之形成鲜明反差的是，一些跨界企业却高歌猛进。家居新范式曾在《天猫、京东派线下竞速》中关注到，京东MALL已开设20余家门店，天猫精灵全屋 智能更喊出"年底超百城"的扩张目标。存量市场的特征往往逃不开"此消彼长"的残酷竞争，如今"电商派"对传统家居卖场、经销店的蚕食，以及全屋 ...

Core Viewpoint - The Hong Kong internet sector is experiencing a competitive landscape, highlighted by a significant promotional battle between Alibaba's Ele.me and Meituan, indicating aggressive market share acquisition strategies [3][4]. Group 1: Market Performance - As of July 7, 2025, the CSI Hong Kong Internet Index (931637) decreased by 0.46%, with mixed performance among constituent stocks [3]. - Notable gainers included Zhong An Online (06060) up 5.52%, Ping An Good Doctor (01833) up 3.23%, and Dongfang Zhenxuan (01797) up 3.11% [3]. - Conversely, Kingdee International (00268) led the declines at 4.29%, followed by Kingsoft (03888) down 4.06% and Yimaitong (02192) down 2.92% [3]. - The Hong Kong Internet ETF (159568) saw a slight increase of 0.06%, closing at 1.67 yuan, with a 1.21% rise over the past two weeks [3]. Group 2: Liquidity and Trading Activity - The Hong Kong Internet ETF recorded a turnover of 20.01% during the trading session, with a transaction volume of 63.6452 million yuan, indicating active market participation [3]. - Over the past year, the ETF has averaged daily trading volume of 174 million yuan [3]. Group 3: Industry Trends and Investment Outlook - According to CICC, the internet sector has entered a new investment cycle since 2025, with AI, overseas expansion, and instant retail emerging as key focus areas [4]. - The Hong Kong Internet ETF has shown a net value increase of 47.93% over the past year, ranking 218 out of 2897 index funds, placing it in the top 7.53% [4]. - The ETF's highest monthly return since inception was 30.31%, with a historical one-year holding profitability rate of 100% [4]. Group 4: Valuation and Tracking Accuracy - The latest price-to-earnings ratio (PE-TTM) for the CSI Hong Kong Internet Index is 21.75, indicating a valuation below 89.06% of the past year, suggesting historical low valuation levels [5]. - The ETF has the highest tracking accuracy among comparable funds, with a tracking error of 0.052% over the past three months [5]. - The top ten weighted stocks in the index account for 72.11% of the total, including major players like Xiaomi Group-W (01810), Tencent Holdings (00700), and Alibaba-W (09988) [5].