Core Viewpoint - The luxury brand Dior, under LVMH, experienced a significant data breach affecting customer information in the Chinese market, raising concerns about data security and privacy [1][2]. Group 1: Data Breach Details - The data breach was detected on May 7, 2025, when unauthorized external parties accessed customer data, including names, gender, phone numbers, email addresses, mailing addresses, and sensitive consumption data [1][2]. - Dior confirmed that financial information such as bank account details and credit card information was not compromised, advising customers that there was no need to change passwords or lock credit cards [2]. - The company has initiated an internal investigation and engaged top cybersecurity experts to enhance its data protection measures [2]. Group 2: Customer Concerns and Reactions - Customers expressed concerns over the breach, with some fearing that the entire database may have been compromised, potentially leading to targeted scams based on leaked consumption data [3]. - Dior's privacy policy outlines the types of data collected and the measures taken to protect it, including encryption and regular audits, but the breach challenges these commitments [3]. Group 3: Company Response - Dior has advised affected customers to remain vigilant and cautious regarding suspicious communications, emphasizing the importance of not disclosing sensitive information [1]. - The company has not disclosed the specific number of affected customers or the detailed cause of the data breach [4].

根据目前调查进展，在中国收集的受影响的客户个人信息的最大范围可能包括姓名、性别、 手机号码、电子邮箱地址、邮寄地址、消费水平、偏好，以及客户可能已向迪奥提供的其他 信息。被访问的数据库中不包含诸如银行账户详情、国际银行账户号码（IBAN）或信用卡 信息等财务信息。 5月12日晚，法国奢侈品巨头迪奥（Dior）向中国客户发送短信表示，公司于2025年5月7 日发现，曾有未经授权的外部人员获取了其持有的部分客户数据。 迪奥表示，已采取措施以避免此次恶意访问事件的事态扩大，在网络安全专家的协助下，公 司正持续对该事件展开调查并进行应对，以及向相关监管部门进行报备。 诚挚的 短信中称，初步调查显示，此次事件是由数据库遭受未经授权的访问所致。迪奥建议客户对 任何可疑通信（短信、电话、电子邮件）都要保持警惕。不要打开或点击来自不明来源的通 信或链接，也不要透露验证码、密码等敏感信息。若收到任何以迪奥名义发送的可疑信息或 联系，请客户咨询迪奥官方客服中心。 根据目前调查进展,在中国收集的 受影响的客户个人信息的最大范围 可能包括姓名、性别、手机号码、 电子邮箱地址、邮寄地址、消费水 平、偏好,以及您可能已向我们提 供的其他 ...

韩国第一大移动通信运营商SK电讯不久前发生被称为电信行业历史上最严重的网络安全事件，黑客通 过植入恶意软件入侵归属用户服务器系统，导致约2300万用户的USIM卡数据泄露。从韩媒报道看，感 染SK电讯内部系统"主用户数据库"并导致重大数据泄露的恶意软件已影响SK电讯所有移动通信用户 （共计约2500万用户，包括SK电讯自有的约2300万用户，以及SK电讯的虚拟移动通信运营商的约200 万用户）。 在首尔中区的SK电讯大楼，公司高层就用户USIM卡信息被泄事件鞠躬致歉 当SK电讯的"主用户数据库"被恶意软件攻破时，2500万用户的数据如同泄洪般流向暗网——这不仅是 韩国电信史上最惨烈的数据泄露事件，更是一记重锤，砸碎了全球通信行业对"数据安全"的傲慢与侥 幸。这场灾难暴露的不仅是技术漏洞，更是一整套企业治理体系的溃败。 更换USIM卡的用户排起长龙。图为代理店摆出USIM卡库存耗尽通知。 通信行业的核心竞争力是什么？不是基站密度，也不是套餐价格，而是用户对"数字保险箱"的绝对信 任。当SK电讯连最基本的USIM密钥都无力守护时，用户的逃离已不是选择题，而是生存本能。更致命 的是，韩国《电信事业法》规定运营商需为 ...

Core Viewpoint - The core objective of China's data infrastructure is to address issues related to data supply, circulation, and utilization while ensuring data security, aiming for a system where data can be effectively supplied, circulated, utilized, and secured [3][6]. Group 1: Data Infrastructure Goals - The primary goal is to resolve the existing problems of data being "unable to circulate, slow to flow, and poorly utilized" [3]. - China's data infrastructure is defined as a new type of infrastructure that provides services for data collection, aggregation, transmission, processing, circulation, utilization, operation, and security [3]. Group 2: Effectiveness Indicators - The effectiveness of data infrastructure can be measured by the volume of data in circulation; significant platforms like Didi, Meituan, and Ctrip demonstrate effective data infrastructure with billions of users [4]. - The second indicator is the security of the data circulation process, which is crucial for ensuring efficient and trustworthy data flow [5]. Group 3: Key Technologies - Six key technology routes have been identified to ensure both data circulation and security: blockchain technology, privacy computing technology, data networking technology, data components, trusted data space technology, and data sandbox technology [5]. - Current technologies like blockchain and privacy computing are not yet mature enough for widespread application due to efficiency issues, particularly in sectors like finance where they are currently utilized [5]. Group 4: Future Directions - The future of national data infrastructure is expected to converge into a singular "space," "platform," or "network" where data can flow efficiently and securely [10]. - The construction of this space will involve various technologies, but the essential requirement is the presence of numerous data supply entities, application scenarios, and service providers [10]. Group 5: Addressing Data Inequality - The need to bridge the "data gap" across different industries is emphasized, with a focus on ensuring that all sectors, including manufacturing and agriculture, can leverage data for digital transformation [12]. - The national data infrastructure aims to solve the "data equality" issue, enabling artificial intelligence and other technologies to thrive by providing high-quality data [14].

Investment Rating - The industry is rated positively, with expectations of overall returns exceeding the CSI 300 Index by more than 5% in the next six months [23]. Core Insights - The SW Electronics sector saw a weekly increase of 0.64%, underperforming the CSI 300 Index, which rose by 2.00% [9]. - The semiconductor sector experienced a pullback due to macroeconomic and geopolitical factors, impacting the Philadelphia Semiconductor Index and the Taiwan Semiconductor Industry Index [9]. - Notable company announcements include government subsidies received by Changguang Huaxin totaling approximately RMB 10.4 million, and a share buyback plan by Zhongjing Electronics with a total amount between RMB 30 million and 50 million [3][4]. Summary by Sections Industry Performance - The SW Electronics sector has underperformed the CSI 300 Index by 1.36% this week, with a year-to-date decline of 1.03%, outperforming the CSI 300 Index's decline of 2.26% [9]. - The sector's performance is influenced by various sub-sectors, with chip design and semiconductor equipment leading the decline, while printed circuit boards and consumer electronics showed gains [11]. Company Announcements - Changguang Huaxin announced government subsidies of RMB 10,399,716.47, with RMB 8,177,494.25 related to income and RMB 2,222,222.22 related to assets [3]. - Zhongjing Electronics plans to repurchase shares with a total amount not less than RMB 30 million and not exceeding RMB 50 million, with a maximum repurchase price of RMB 12 per share [4]. - GoerTek's stock option incentive plan involves granting 68.06 million stock options, representing 1.95% of the company's total share capital [5]. Key Data Tracking - DRAM spot prices for DDR3 4Gb increased to $0.95 as of May 9 [15]. - Flash memory prices showed slight increases, with MLC 64Gb priced at $4.83 and MLC 32Gb at $2.69 [16]. - The price of a 32-inch LCD TV panel remained stable at $39.00 in May [20].

Group 1 - The establishment of a quantifiable evaluation system in cybersecurity is essential, emphasizing the integration of AI to drive innovation and high-quality industry development [1][2] - The development of AI agents is categorized into three levels: conditionally autonomous, highly autonomous, and fully autonomous, with a focus on proactive defense and collaborative intelligence sharing [1][2] - The transition from static to dynamic data security is necessary, requiring a deeper understanding of data, business, and behavioral intentions, with security AI agents being the key solution [2][3] Group 2 - The brain-computer interface industry is at a critical stage of technological breakthroughs and regulatory framework development, recognized as a national strategic sector [3] - The conference highlighted significant achievements in data factor marketization, key technological innovations, and industry applications, showcasing the leadership and innovation of Hangzhou High-tech Zone in the digital economy [3][4] - The release of the "Security AI Agent Cube: Maturity Model Evaluation Research Report" introduces a multidimensional maturity assessment framework for security AI agents, aiming to enhance AI applications towards being "trustworthy and controllable" [3]

北京商报讯（记者 廖蒙）5月9日，据中国人民银行官网，中国人民银行发布《中国人民银行业务领域 数据安全管理办法》（中国人民银行令〔2025〕第3号，以下简称《办法》），自2025年6月30日起施 行。 在此背景下，中国人民银行在充分调研基础上，组织研究起草《办法》，全面衔接《中华人民共和国数 据安全法》《网络数据安全管理条例》等，细化明确中国人民银行业务领域数据安全合规底线要求，督 促指导相关数据处理者合规开展数据处理活动、履行数据安全保护义务，保障个人、组织合法权益。 前述有关部门负责人指出，《办法》适用范围聚焦于金融机构以及经中国人民银行批准设立或者认定的 其他机构在中国境内开展的中国人民银行业务领域数据相关处理活动。其中，中国人民银行业务领域是 指由中国人民银行承担监督和管理职责的货币信贷、宏观审慎、跨境人民币、银行间市场、金融业综合 统计、支付清算、人民币发行流通、经理国库、征信和信用评级、反洗钱等业务领域。 人民银行有关部门负责人就《办法》答记者问时指出，《中共中央 国务院关于构建数据基础制度更好 发挥数据要素作用的意见》要求，强化数据安全保障体系建设，把安全贯穿数据供给、流通、使用全过 程，划定监 ...

流动性方面，数据ETF盘中换手3.13%，成交1318.82万元。拉长时间看，截至5月8日，数据ETF近1周日 均成交2736.56万元。 份额方面，数据ETF近1年份额增长2.46亿份，实现显著增长，新增份额位居可比基金第一。 万联证券指出，随着算力需求从训练侧向推理侧的转移趋势，也将进一步加速 AI 大模型的应用场景落 地。国内头部云厂商及三大运营商最新披露的资本开支规划显示，国内的智算需求仍将持续上行。例如 中国移动在2025年算力领域计划投资373亿元，其中智算规模（FP16）预计超34EFLOPS，且对推理资 源投资 "不设上限"；中国联通则计划2025年固定资产投资达550亿元，算力投资同比增长28%，均强调 算力资源将重点支持预训练模型及推理场景需求，以响应市场对智能化服务的爆发式增长。 截至5月9日收盘，中证大数据产业指数（930902）下跌2.24%。成分股方面，东华软件领跌6.16%，*ST 东通下跌5.73%，盛视科技下跌5.12%，易点天下下跌5.06%，云天励飞下跌3.9%。数据ETF（516000） 下跌2.1%，最新报价0.93元。拉长时间看，截至2025年5月8日，数据ETF近 ...

Financial Data and Key Metrics Changes - Total revenues in Q1 were $93.1 million, up 25% year over year, exceeding guidance [22] - SaaS revenue for Q1 was $68.9 million, representing year-over-year growth of 34% on a constant currency basis, comprising 74% of total revenues [22][23] - Gross profit for Q1 was $69.8 million, with a gross margin of 75%, an improvement from 74.1% in Q1 of 2024 [29] - Operating income for Q1 was $13.4 million, with an operating margin of 14.4%, compared to 8.9% in the prior year [30] Business Line Data and Key Metrics Changes - Term license and support revenue grew 12% in Q1, driven by large deals in the APAC region [23] - Maintenance revenue declined year over year, while service revenues grew 4% but decreased as a percentage of total revenues [23] - Combined SaaS and term license revenues grew 31% in Q1, indicating strong subscription revenue growth [23] Market Data and Key Metrics Changes - North America SaaS revenues grew 31% year over year, while EMEA and APAC saw growth rates of 36% and 40% respectively [24][25] - Total ARR at the end of Q1 was $345.5 million, representing year-over-year growth of 26% to 28% when adjusted for FX [26] - New ARR in Q1 was $18.5 million, representing organic growth of 57% year over year, the highest as a public company [26] Company Strategy and Development Direction - The company aims to become the world's leading data management software company, targeting $1 billion in ARR by 2029 [7] - Focus on integrated platforms to address converging challenges in data security, governance, and resilience [13][20] - Continued innovation in multi-cloud capabilities and AI-powered solutions to enhance customer value [14] Management's Comments on Operating Environment and Future Outlook - Management remains confident in navigating macroeconomic uncertainties, emphasizing the mission-critical nature of their solutions [8][20] - The demand environment has remained stable, with AI and security being top priorities for enterprises [38] - The company is cautious about potential geopolitical risks impacting the second half of the year while maintaining a strong pipeline [33] Other Important Information - The company ended Q1 with $351.8 million in cash and equivalents, including $87.3 million from warrant exercises [31] - Free cash flow was negative $1 million, primarily due to one-time tax payments [31] - The company repurchased 800,000 shares for approximately $12 million in Q1 [32] Q&A Session Summary Question: Changes in demand environment - Management indicated that the demand environment has remained stable, with no significant changes in customer hesitation or sales cycles [38] Question: Competitive environment and data governance - Management noted that data governance is a key driver for new customer acquisitions, especially as enterprises prepare for AI deployment [40] Question: Momentum in the MSP segment - The company remains optimistic about the MSP segment, which accounted for 14% of total ARR and grew 60% annually from 2020 to 2024 [47] Question: License outperformance in the quarter - The outperformance in license revenue was attributed to a combination of large deals and favorable timing dynamics [75] Question: AI implementation among customers - Management confirmed that AI implementation has not slowed down, with a sense of urgency among businesses to adopt AI solutions [80]

Group 1 - The core viewpoint of the articles highlights the positive performance of the data ETF and its underlying index, indicating a growing interest in the data industry and AI-related sectors [1][2] - As of May 8, the CSI Big Data Industry Index rose by 0.86%, with notable increases in constituent stocks such as *ST Dongtong (up 15.62%) and Donghua Software (up 9.96%) [1] - The data ETF (516000) experienced a significant increase, reaching a price of 0.96 yuan, with a 5-day cumulative rise of 6.12% as of May 7 [1] Group 2 - Market sentiment has improved in May, with a focus on technology growth, particularly in domestic computing power and AI Agent sectors, driven by investments from major companies like Google and Microsoft [2] - The emergence of the DeepSeek-R1 model is seen as a foundational development for domestic AI Agent creation, indicating a shift towards deeper thinking models in AI [2] - The data ETF and its associated funds closely track the CSI Big Data Industry Index, focusing on key areas such as data elements, data security, and the East Data West Computing initiative, with major stocks including iFlytek and Inspur Information [2]