12月，中国大健康产业迎来一系列重要活动。在雄安，健康传播生态共创大会汇聚学界、业界、平台与媒体力量；在上海前 滩，全球生命健康总部生态大会吸引超百家国际组织与企业代表；在宁德，全民健康管理大会展示了大健康产业与传统产业融 合发展的"宁德经验"。 生态协同成为大健康产业新趋势，金水方解读区域一体化发展机遇 编辑 这些活动共同释放出一个明确信号：大健康产业正从技术单点突破迈向生态协同共建的新阶段。正如雄安新区党工委委员、管 委会副主任杨磊所言，"雄安新区始终坚持将健康优先理念融入城市发展，已获评为'主动健康城市'。" 01 区域协同，构建大健康产业新格局 今年以来，各地根据自身资源优势，布局大健康产业的态势愈发明显。上海前滩依托"国际组织+总部经济"双集聚格局，在生命 健康领域正加快成为全球创新动能汇聚和国际合作的重要节点。陆家嘴集团总经理杜少雄表示，浦东正加快形成"研发制造在张 江、物流运输在外高桥、企业总部在前滩"的功能布局。 雄安新区则瞄准健康传播领域，打造健康中国传播基地。中国医师协会健康传播工作委员会常务副主任委员兼秘书长施琳玲表 示，下一阶段将"紧扣'健康传播为引擎、主动健康为落点、健康生活为场景' ...

当头部网红直播间单日利润抵得上零售标杆胖东来全年收益，当短剧平台用"电子鸦片"收割流量却让创 作者颗粒无收——工业时代奉为圭臬的"利润最大化"逻辑，正在数字经济浪潮中加速崩塌。证监会最新 修订的《上市公司治理指引》明确提出"披露对产业链价值贡献"，资本市场已释放清晰信号：生态协同 能力将成为企业估值的核心标尺，上市公司的增长密码正从"独占利润"转向"共赢生态"。 一、利润虹吸：流量时代的生态隐忧 "流量垄断带来的不是生产力提升，而是生态耐力的透支。"中国社科院财经战略研究院研究员李勇指 出，2024年以来，平台经济反垄断罚单已达12起，总金额超5亿元，监管层对"利润挤压生态"模式的整 治力度持续加码。 二、生态破局：上市公司的转型样本 与流量攫取者形成鲜明对比的是，一批先行转型的上市公司已凭借生态共赢逻辑获得资本青睐。这些企 业的实践证明，生态协同不仅能推动社会价值，更能转化为实实在在的估值溢价。 A股物业服务第一股南都物业（603506.SH）的转型颇具参考价值。2023年，公司战略投资云象机器 人，开放旗下9000万方管理场景作为技术迭代基地。一方面，机器人企业获得了真实场景数据，研发周 期缩短40%；另 ...

分享嘉宾:钟丽容 12月19日15:00 2025新媒体生态盘点：从流量竞争到生态协同 欢迎扫码预约，来直播间互动赢好礼 直播亮点： 1、新媒体平台用户增长态势及用户行为特征变化如何？ 2、新媒体平台差异化内容生态策略与前沿角逐点是什么？ 3、新媒体平台在广告、电商等方向商业化路径有何区别？ 新媒体平台用户增长态势及用户行为特征变化如何? 新媒体平台差异化内容生态策略与前沿角逐点是什么? 新媒体平台在广告、电商等方向商业化路径有何区别? -16:00 扫码预约 》》》》》》》》》 QuestMobile 高级策略分析师 主持人:李 雪 QuestMobile 解决方案经理 直播亮点 ...

Core Insights - The Ministry of Industry and Information Technology (MIIT) of China has officially announced the first batch of L3 conditional autonomous driving vehicle permits, with Changan Automobile and BAIC Jihe receiving approvals for trial operations in designated areas of Chongqing and Beijing respectively [1][2] Group 1: L3 Autonomous Driving Development - The approval of L3 autonomous driving vehicles is expected to accelerate technological iterations within the industry and drive computing platforms towards automotive-grade standards and scalable applications [1][6] - L3 autonomous driving allows for partial decision-making by the system under specific conditions, enabling drivers to completely disengage from driving tasks [2][6] - Changan's approved model can achieve autonomous driving at speeds up to 50 km/h in congested scenarios on designated highways, while BAIC's Alpha S (L3 version) can reach speeds of 80 km/h on certain routes in Beijing [2] Group 2: Industry Competition and Collaboration - Major automotive companies have entered a competitive mode to commercialize autonomous driving technology, with several firms, including BAIC, GAC, and BYD, being included in the first batch of intelligent connected vehicle trial operations [4][6] - The collaboration between automotive manufacturers and technology companies is crucial for the commercial viability of L3 autonomous driving, with Horizon Robotics and Huawei providing essential technological support [5][6] Group 3: Safety and Regulatory Framework - The shift in driving responsibility due to autonomous driving raises concerns about accident liability, with regulations evolving to clarify responsibilities among users and autonomous systems [3][6] - The MIIT and other departments have emphasized the need for improved regulations and safety standards to support the growth of the autonomous driving sector [5][6] - The market for autonomous driving in China is projected to approach 450 billion yuan by 2025, driven by technological advancements and cost reductions [6]

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) of China has officially granted the first batch of L3 conditional autonomous driving vehicle permits, allowing Changan Automobile and BAIC's Arcfox models to conduct road trials in designated areas of Chongqing and Beijing, respectively [1][4]. Group 1: Policy and Regulatory Developments - The MIIT has approved L3 autonomous driving vehicles under specific conditions, marking a significant step towards the commercialization of autonomous driving technology in China [4][9]. - The approval process involved thorough assessments and compliance with regulations, ensuring that the vehicles meet safety and operational standards [3][4]. Group 2: Vehicle Specifications and Capabilities - Changan's model can achieve autonomous driving at speeds up to 50 km/h in congested traffic conditions on designated roads in Chongqing [3][4]. - BAIC's Arcfox model can operate at speeds up to 80 km/h on specific highways in Beijing, showcasing the capabilities of L3 autonomous driving technology [3][4]. Group 3: Industry Trends and Competitive Landscape - The autonomous driving industry is entering a competitive phase, with multiple automakers racing to develop and deploy L3 technology [6][9]. - Companies like GAC and BYD are also advancing their L3 capabilities, with GAC's model receiving a license for high-speed testing and BYD integrating L3 systems into urban driving scenarios [7][9]. Group 4: Technological Advancements and Partnerships - The successful deployment of L3 technology relies on advanced sensor systems, with BAIC's Arcfox equipped with 34 high-performance sensors for comprehensive environmental perception [7][8]. - Partnerships with technology firms are crucial, as seen with Horizon Robotics and Huawei, which are providing the necessary technological foundation for L3 commercialization [8][10]. Group 5: Market Outlook and Future Projections - The autonomous driving market in China is projected to approach 450 billion yuan by 2025, driven by technological advancements and increasing adoption rates [9]. - The focus on safety, regulatory compliance, and user experience will shape the competitive landscape, with companies needing to balance innovation with responsible marketing practices [9][10].

Core Insights - The automotive reducer industry in China has established a complete and closely coordinated industrial chain, with upstream focusing on raw materials and core components, midstream dominated by international giants like BorgWarner, and local companies like Jingzhu Technology and Shuanghuan Transmission gaining significant market share in mainstream and new energy segments [1][6][10] - The market is experiencing steady growth, closely tied to the explosive growth of the automotive industry, particularly in new energy vehicles (NEVs), with local companies making rapid advancements through technological breakthroughs [1][9][10] - Future developments in the industry will focus on deep technological iterations, industry consolidation, and ecological collaboration, with products evolving towards high-speed, low-noise, lightweight, and integrated designs [1][10][14] Industry Overview - Automotive reducers are key components in the automotive transmission system, responsible for reducing speed and increasing torque to provide suitable driving power [2][3] - The industry is characterized by a tight integration of upstream and downstream sectors, with a strong emphasis on localization and integration [6][9] Market Dynamics - The demand for automotive reducers is driven by the rapid growth of the passenger vehicle market, particularly electric and hybrid models, which require lightweight and high-efficiency products [6][7] - In the commercial vehicle sector, the demand for reducers is focused on heavy load and high reliability, with structural upgrades driven by the rise of automatic transmissions and new energy vehicles [7][9] Competitive Landscape - The competitive landscape is marked by a clear stratification, with international giants dominating the high-end market while local companies rapidly rise in the mid-range and NEV segments [10][11] - Key players include Shuanghuan Transmission, Jingzhu Technology, and others, who are establishing themselves as core suppliers for NEV gears [10][12] Future Trends - The industry is expected to evolve along three main directions: technological iteration focusing on precision and integration, industry consolidation with a focus on high-end breakthroughs by local brands, and ecological collaboration emphasizing standardization and cross-industry integration [10][14] - The adoption of advanced materials and manufacturing techniques will drive the development of high-speed, low-noise, and lightweight reducers, with a significant shift towards integrated electric drive systems [12][13]

Core Viewpoint - The home decoration industry is experiencing a shift from traditional price wars to capital-driven acquisitions, fundamentally altering the competitive landscape. Companies like Beike, JD.com, and Yingfeng are leveraging their capital to acquire established players, posing a greater threat to traditional businesses than mere price competition [1][22][50]. Group 1: Beike's Strategy - In 2021, Beike acquired Saintu for 8 billion yuan, marking the largest merger in the home decoration industry that year, which was initially seen as a business expansion but revealed Beike's deeper ambitions [2][29]. - Saintu, founded in 2002, had revenues exceeding 4 billion yuan in 2020 and provided Beike with a mature supply chain and delivery capabilities, which were essential for Beike's growth [4][31]. - By mid-2025, Beike's home decoration business transformed from a marginal player to a significant profit generator, with total revenue from 2022 to 2024 reaching 30.747 billion yuan, and a net income of 10.9 billion yuan in 2023 [6][34]. Group 2: JD.com's Expansion - JD.com has been strategically entering the home decoration market since 2011, launching its home decoration channel and expanding its offline presence to over 300 stores by 2025 [11][38]. - In June 2025, JD.com acquired a stake in Sichuan Living Home, enhancing its offline delivery capabilities and integrating its online and offline services [13][41]. - JD.com has launched its self-operated home decoration brand stores and plans to create a comprehensive experience space that combines home decoration, home goods, and home appliances [15][43]. Group 3: Yingfeng's Moves - Yingfeng Group, under the leadership of He Jianfeng, has been quietly building a "big home" industry platform by acquiring leading home furnishing companies, including a 29.42% stake in Gujia Home for 8.88 billion yuan [16][44]. - Yingfeng's strategy includes integrating Gujia and Sophia to create a comprehensive ecosystem that combines soft furnishings and customized furniture with home appliances [21][49]. - Despite Sophia's declining revenue, Yingfeng sees potential in its brand value and the customized home furnishing sector, supported by Midea's supply chain and digital capabilities [22][49]. Group 4: Impact of Capital Acquisitions - Capital acquisitions are seen as more destructive than price wars because they fundamentally change the competitive dynamics of the industry, allowing companies to bypass traditional customer acquisition challenges [22][50]. - The shift from price competition to capital-driven acquisitions is leading to a concentration of resources among a few major players, diminishing the survival space for smaller companies [25][53]. - The entry of cross-industry players like Beike, JD.com, and Yingfeng signifies a transition from product and price competition to a deeper contest of capital and ecosystem integration [25][53].

Core Viewpoint - Xiaomi is undergoing significant personnel adjustments in its China operations, focusing on enhancing performance across its core business areas: smartphones, automotive, and home appliances. This restructuring aims to improve operational efficiency and resource allocation to growth sectors, particularly the automotive business, amidst performance pressures in the smartphone segment [3][5][6]. Personnel Adjustments - The position of General Manager for Sales Operations I has been taken over by Wang Xiaoyan, Senior Vice President and President of Xiaomi China. Guo Jinbao, General Manager of the Jiangsu branch, will now serve as General Manager for Sales Operations II, reporting to Wang. Zhang Jian, previously General Manager of the Automotive Sales and Service Department, has been appointed as General Manager of the New Retail Department [5][6]. - The restructuring is seen as a response to performance pressures in Xiaomi's China operations, with Wang Xiaoyan personally stepping in to drive performance improvements [5][6]. Business Performance Insights - In the smartphone sector, rising component prices are expected to create challenges for manufacturers in the coming year. Xiaomi's President Lu Weibing indicated that the market pressures in 2024 will be greater than in 2023, leading to anticipated price increases for related products [5][6]. - The automotive business has shown promising results, with Xiaomi's smart electric vehicle revenue reaching 28.3 billion yuan in Q3, marking the first quarter of operational profitability with earnings of 700 million yuan. However, a reduction in purchase tax subsidies next year may lead to a decline in gross margins for Xiaomi's automotive segment [6][7]. - The home appliance segment has faced challenges, with a 15.7% year-on-year decrease in revenue for smart home appliances in Q3, attributed to ongoing price wars in the home appliance industry [6][7]. Ecosystem Integration - The personnel changes are aimed at breaking down the existing silos between the smartphone, automotive, and home appliance sectors, which have previously operated independently. The goal is to enhance synergy and resource sharing among these business units [6][8]. - There is a focus on improving the efficiency of offline stores, with potential plans to close underperforming locations and concentrate resources on high-potential stores. As of Q3, Xiaomi had over 18,000 offline stores in China, with approximately 210 large stores exceeding 500 square meters [9]. - The restructuring is expected to facilitate user flow integration, allowing mobile stores to handle automotive inquiries and share channels for home appliances, ultimately enhancing customer experience [8][9].

每经记者｜杨卉 每经编辑｜程鹏 魏文艺 12月9日，有市场消息称，小米中国区近期开启了一系列人事调整，涉及手机、汽车、大家电等核心运营类岗位。当日中午，《每日经济新闻》记者（以 下简称"每经记者"）从接近小米的相关人士处确认了这一消息。 每经记者注意到，此次人事调整后，原销售运营一部总经理一职由小米集团高级副总裁、中国区总裁王晓雁兼任，江苏分公司总经理郭金保担任销售运营 二部总经理，原小米汽车部销交服部总经理张健任新零售部总经理。 在福建华策品牌定位咨询创始人詹军豪看来，此前小米"人车家"三者仅在技术层面浅度融合，靠澎湃OS实现部分设备互联，但线下割裂明显。其中，手 机、大家电分属不同零售体系，汽车更多是独立体验店，门店未形成协同，甚至存在低效门店拖累整体效能的问题。此次小米进行人事调整，除了基 于"业绩压力"外，也可以理解为向汽车等增长性业务的资源倾斜，同时实现用户流量的互通，如推动手机门店承接汽车咨询、大家电网点复用渠道、集中 采购摊薄成本等。 图片来源：视觉中国 线下各门店有望实现"互通" 中国区总裁亲自下场"抓业绩" 具体来看，此次调整后，原销售运营一部总经理一职由小米集团高级副总裁、中国区总裁王晓雁 ...

外汇投资的最高境界，是从信息分析到交易执行的无缝衔接。您是否仍在为资讯、行情、工具、交易平 台之间的割裂而烦恼？我们基于实战视角，对主流外汇服务生态进行拆解测评，发现新浪财经APP通过 构建深度生态协同、专业交易赋能、动态风险管理三位一体的闭环系统，正在重塑高效外汇投资的范 式，成为成熟投资者提升盈利效率的核心引擎。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 一、生态协同能力终极对决：谁的平台能打破"信息孤岛"？ 真正的一站式服务，不是功能的简单堆砌，而是底层生态的有机协同： 金十数据 + 专业交易平台 （如MT4） 核心短板：用户需要在资讯APP与交易平台间手动切换，行情异动时需自行关联新闻背景，分析结论无 法直接应用于交易终端，流程断裂，效率低下。 同花顺/东方财富 核心短板：虽为综合平台，但其外汇模块与资讯、社区、交易通道的耦合度不足，各模块相对独立，未 能形成针对外汇投资的专属高效工作流。 新浪财经APP 核心优势：打造了以"外汇决策"为中心的深度协同生态。 资讯与行情的智能耦合：当欧元兑美元汇率剧烈波动时，行情页面不仅显示K线，更在侧边栏或弹窗中 智能关联出"欧洲央行官员最新 ...