Core Viewpoint - The implementation of smart farms and the use of unmanned harvesting machines in Jiangsu's Zhenjiang City significantly enhance agricultural efficiency and productivity, addressing challenges posed by the region's hilly terrain [2][4]. Group 1: Smart Farm Implementation - The smart farm in Hezhuang Village utilizes three unmanned harvesting machines that can operate continuously, with each machine capable of harvesting approximately 200 acres in a 24-hour period, improving efficiency by over 70% compared to traditional methods [4][5]. - The introduction of smart farming technology aims to resolve issues related to labor shortages and agricultural productivity in hilly areas, where traditional farming yields are about half of those in flat regions [2][4]. Group 2: Technological Advancements - The unmanned harvesting machines are equipped with advanced features such as a navigation system, multiple cameras for situational awareness, and pressure sensors to monitor grain storage, allowing for automated operations and real-time adjustments [4][5]. - The use of AI technology in smart farming enables automatic identification of pest issues and crop growth monitoring, which has led to an increase in wheat yield from 500 pounds to over 1000 pounds per acre [5]. Group 3: Economic Impact - The cost savings from reduced labor needs—where one operator can manage multiple machines instead of three—result in a two-thirds reduction in labor costs [4][5]. - The expected return on investment for the initial setup of smart farming technology is projected to be achieved within four years due to increased efficiency and expanded operational capacity [5].

今年的"618"，以39天超长战线、四大节日连环"轰炸"，创下历年最长纪录。取消复杂的满减规则、AI 工具助力商家降本增效等成为今年"618"的新亮点，持续激发消费热情，释放消费潜力。当电商大促的 竞争回归到产品力与经营本质，"618"会走向何方？AI工具促进电商全流程"智变"，能否激发新消费动 力？ 告别复杂的促销规则，"618"卖得怎么样？ 今年的"618"，堪称电商界的"耐力赛"——从5月13日鸣枪开跑，到6月20日才冲线，整整39天的超长战 线。今年大促活动亮点频现，以更长的促销周期、更简单的促销规则、更多元的促销渠道吸引消费者的 眼球。 从活动机制的角度看，今年各大平台确实拿出了诚意。淘宝天猫放弃沿用多年的"满减凑单"，变成"官 方立减"，相比于往年，消费券的门槛也更低了，再叠加国家补贴和平台百亿补贴扶持，力求给消费者 直接的价格体验。京东、抖音电商也同样主推直降和补贴的直观促销形式。 在广东省云浮市一家数码产品销售门店，货架上新款手机、手环、电脑等产品琳琅满目，客流源源不 断。门店销售人员介绍，近年来，消费者越来越关注商品的品质、性价比以及售后服务，不再容易 被"复杂折扣"的促销手段吸引。 中央财 ...

Core Insights - The article reflects on the experiences of a new assistant professor navigating the challenges and expectations of academia, particularly as a minority in a predominantly white institution [1][2][3][4][5][6][8]. Group 1: Academic Environment - The assistant professor's first full-time position is at a private liberal arts college, which is perceived as a significant achievement, yet it comes with self-doubt about qualifications and belonging [1][2]. - The initial teaching schedule is favorable, allowing for a balanced work-life dynamic, which is appreciated by the professor [3][4]. - The professor's teaching approach emphasizes interaction and student engagement, although feedback indicates a need for a stronger authoritative presence [4][6]. Group 2: Personal Experience and Identity - The professor often faces misidentification as a student due to youthful appearance and casual attire, which complicates perceptions of authority [5][6]. - The professor's efforts to connect with students through shared interests, such as sports and popular culture, highlight the challenges of establishing authority while being relatable [6][8]. - The professor's identity as a minority in the academic setting leads to reflections on the differences in expectations and treatment compared to more traditional faculty profiles [6][8]. Group 3: External Challenges - The academic environment is impacted by external factors such as administrative changes, budget cuts, and the rise of AI technology, which pose significant challenges to traditional teaching methods [8][9]. - The professor navigates these challenges while maintaining focus on teaching and student engagement, despite the surrounding uncertainties [8][9].

Core Viewpoint - The acquisition of a 35% stake in Hangzhou Shuyaqi Medical Technology Co., Ltd. by Times Angel (06699.HK) signifies a strategic move to enhance its position in the orthodontic market, targeting both mid-range and budget segments while leveraging Shuyaqi's resources for global expansion [1][4][9]. Group 1: Acquisition Details - Times Angel will hold a 35% stake in Shuyaqi, which was established only a month and a half prior to the acquisition, indicating a rapid strategic development in the orthodontic sector [1]. - The acquisition allows Times Angel to jointly control Shuyaqi with Hansfu, which previously owned 100% of Shuyaqi [1][2]. Group 2: Market Position and Strategy - Times Angel is the leader in China's invisible orthodontics market, with a total revenue of $269 million in 2024, reflecting a 28.2% year-on-year growth [2]. - The partnership with Shuyaqi enables Times Angel to fill gaps in the budget market, thus creating a comprehensive product matrix that caters to various consumer segments [4][7]. Group 3: Competitive Landscape - The Chinese invisible orthodontics market is characterized by a dual oligopoly, with Times Angel and Align Technology (Invisalign) dominating the high-end segment, while local brands like Shuyaqi compete aggressively in the mid-range [7][9]. - The acquisition is expected to strengthen Times Angel's competitive edge against both high-end and mid-range competitors, allowing it to capture a larger market share [7][8]. Group 4: Global Expansion Potential - The global invisible orthodontics market is projected to grow from $6.5 billion in 2024 to $32.35 billion by 2030, with a compound annual growth rate (CAGR) of 30.7% [9]. - Times Angel's international revenue reached $80.55 million in 2024, accounting for 30% of its total revenue, indicating a significant push towards global markets [9]. Group 5: Technological Synergy - The collaboration between Times Angel and Hansfu is expected to enhance technological capabilities, particularly in digital orthodontic solutions, benefiting from Hansfu's expertise in dental scanning and 3D printing [5][8]. - Times Angel's investment in its iOrtho digital platform supports innovative features like "smile simulation," which can be further enhanced through the partnership with Shuyaqi [5][8].

出品|凤凰网财经《封面》 主持人丨张涛 制片人|李念雪 2025年世俱杯期间，32支世界豪门球队在绿茵场上展开巅峰对决。而在这场体育盛宴的场边，跃动的 Hisense标识不仅是中国品牌国际化的见证，也见证着全球显示产业的变革。 2024年，全球电视市场就在欧洲杯、奥运会等大型体育赛事的拉动下，出货量攀升至2.08亿台，同比增 长3.48%（Omdia数据），市场回暖的浪潮中，以海信为代表的中国品牌市场份额突破30%。 体育赛事是品牌全球化的重要场景，但真正的突围要靠技术穿透生活全场景。作为连续赞助世界杯、欧 洲杯、世俱杯的"体育营销常青树"，海信视像科技总裁李炜在凤凰网财经《封面》专访中，深入剖析了 当前显示产业的技术跃迁与市场趋势。 2024年，海信在全球显示领域交出了一份亮眼的成绩单：全球每出货两台百吋电视，就有一台出自海信 之手；攻克光色同控技术壁垒，激光显示产品市占率近半壁江山；年出货量份额稳居全球第二，与三星 的王座之争愈演愈烈。 面对"短视频时代，电视是否已被边缘化？"的疑问，李炜再次用数据打破了传统认知：联名《黑神话： 悟空》的定制产品销量环比激增56%，京东平台成交额同比飙升13%；百吋电视出 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The overall tin market is in a pattern of tight current situation and weak future expectations. The supply is expected to increase in the second half of 2025, while the demand shows a marginal weakening trend. The supply - demand balance will shift from a gap to a tight balance [2][3][90][91][92]. - In the second half of the year, the US dollar index is still expected to be weak, but the decline may slow down. The main driving factors will shift from valuation regression to the convergence of the growth rate gap between the US dollar and non - US currencies and the increasing hedging demand for US dollar assets [2][15][90]. - It is recommended to adopt a short - selling strategy when the price is high in the second half of the year, with around 270,000 yuan having a certain cost - effectiveness. Option strategies such as buying put options or selling call options are recommended, and attention should also be paid to internal - external positive arbitrage strategies and inter - monthly positive arbitrage strategies [3][92]. 3. Summary According to Related Catalogs 3.1 2025 H1 Tin Price Trend Review - In H1 2025, the central price of Shanghai tin slightly increased. In March, the price soared rapidly, reaching a recent high of 299,990 yuan on April 2, and then returned to around 260,000 yuan/ton. As of June 13, the increase of Shanghai tin was 8.46%, and LME tin increased by 13.27%. The large price fluctuations led to the non - commercial net long positions of LME tin breaking historical records again in March [7]. - The price fluctuations in H1 2025 can be divided into three stages: from New Year's Day to before the Spring Festival, the price fluctuated narrowly between 242,000 and 254,000 yuan; from after the Spring Festival to before Tomb - sweeping Festival, the price fluctuated and rose to a historical high of 299,900 yuan under the influence of supply - side disturbances in Congo (Kinshasa) and Myanmar; from after Tomb - sweeping Festival to now, the price returned to around 260,000 yuan, affected by Trump's tariff policy and the resumption of production in Congo (Kinshasa) [10][11][12]. 3.2 2025 H2 Tin Fundamental Market Outlook 3.2.1 US Dollar Index - It is expected that the year - on - year growth rate of the US GDP will slow down marginally in 2025, with the actual GDP year - on - year growth rate expected to be 1.7% in Q2, 0.9% in Q3, and 0.6% in Q4. The year - on - year growth rate may reach a low point in Q4, and the US economy is expected to rebound marginally in 2026, with an annual real GDP growth rate of 1.5%, which may be stronger than the 1.3% in 2025 [14]. - The year - on - year growth rate of the US CPI is expected to rebound in Q3, reaching around 2.9%, and then decline from Q4 to early 2026. The US dollar index will still be weak in the second half of the year, but the decline may slow down. The main driving factors will shift from valuation regression to the convergence of the growth rate gap between the US dollar and non - US currencies and the increasing hedging demand for US dollar assets [15]. 3.2.2 Supply Side - **Myanmar**: As of now, the resumption of production in Myanmar is still uncertain. In an optimistic scenario, some mines may start exporting in August, and the import volume of tin from Myanmar to China in the second half of the year is estimated to increase by about 3,075 tons compared with the first half. In a pessimistic scenario, the incremental supply may be less than 1,000 tons [31][32]. - **Congo (Kinshasa)**: The production in Congo (Kinshasa) is recovering. It is expected that the import volume from Congo (Kinshasa) to China will increase by 3,000 - 4,000 metal tons in the second half of the year compared with the first half [36]. - **Other countries**: The production of other countries also shows an obvious increase. The import volume from other countries (excluding Congo (Kinshasa) and Myanmar) in the first half of the year still made a positive contribution of 2,611 tons [37]. - **New projects**: The new tin - mining projects planned to be put into production in 2025 have not been progressing smoothly. It is estimated that the new production capacity in 2025 will be 2,620 tons (in an optimistic scenario), and the production capacity will continue to be released from 2026 - 2027, with a total potential new supply of 38,480 tons [52][57]. 3.2.3 Demand Side - **Consumer electronics**: The global consumer electronics market is weak in 2025. The growth of global smartphone shipments is sluggish, with an expected year - on - year growth of 0.6% to reach 1.24 billion units in 2025. The ideal replacement cycle has been extended to 31.1 months. The global PC market is also not optimistic, but the emerging fields such as AI - related wearables and semiconductors are rising, partially offsetting the weakness of traditional consumer electronics [59][60][68]. - **Photovoltaic**: In the photovoltaic field, due to policy changes, there were "430" and "531" rush - installation effects in the first half of 2025, which advanced the installation demand in the third quarter. It is expected that the new domestic installation in the third quarter will be about 30GW, a year - on - year decrease of 49%. The annual new domestic photovoltaic installation is expected to be about 240 - 250GW, with a year - on - year growth rate of around - 10%. The new overseas photovoltaic installation is expected to be about 270GW, with a year - on - year growth rate slowing down to only about 1% [81][82][83]. 3.3 Conclusion and Investment Outlook - In 2025, the global tin supply is estimated to be 374,000 tons, and the total global demand is 381,000 tons, with a growth rate of 0.8%. There is a small supply - demand gap of 7,000 tons globally. In China, the supply is about 186,000 tons, and the demand is about 189,000 tons, with a potential supply - demand gap of 3,000 tons. The fundamentals will weaken in the second half of the year compared with the first half, with supply increasing by 2.6% and demand decreasing by 4.1%, and the supply - demand balance will shift from a gap to a tight balance [3][92]. - Investment strategies include short - selling when the price is high in the second half of the year, with around 270,000 yuan having a certain cost - effectiveness. Option strategies such as buying put options or selling call options are recommended, and attention should also be paid to internal - external positive arbitrage strategies and inter - monthly positive arbitrage strategies [3][92].

Core Viewpoint - Yushu Technology has completed its C round financing, achieving a pre-investment valuation exceeding 10 billion RMB, indicating strong investor confidence in the humanoid robotics sector [2][3]. Group 1: Financing and Valuation - Yushu Technology's recent C round financing was led by major investors including China Mobile's fund, Tencent, and Alibaba, with most existing shareholders participating [2]. - The company's valuation has increased from 8 billion RMB at the start of the C round to over 10 billion RMB, with some investors suggesting that this valuation is still conservative [1][2]. - Yushu Technology has completed a total of 9 financing rounds since its establishment in 2016, reflecting its growth trajectory in the robotics industry [2]. Group 2: Potential IPO and Market Position - The recent change of Yushu Technology's name to a joint-stock company may indicate preparations for an IPO, aligning with market trends favoring tech companies [3]. - The Hong Kong government has expressed support for Yushu Technology's potential expansion and listing in Hong Kong, highlighting the company's strategic importance [3]. - Recent regulatory changes in China's A-share market may provide more opportunities for innovative tech companies like Yushu Technology to access public markets [3]. Group 3: Financial Performance and Market Share - Yushu Technology has maintained profitability since 2020, a notable achievement in a sector where many peers are still operating at a loss [4]. - The company ranks among the top in global humanoid robot shipments, with its quadruped robotic dog holding over 60% of the global market share [4]. - The founder of Yushu Technology emphasizes a commitment to advancing AI and robotics technology, aiming to enhance productivity through innovative products [4].

Group 1 - The "Zhu Meng Dao" App, developed by the female-oriented online literature platform Xiaoxiang Shuyuan under the ownership of Yuewen, was summoned by the Shanghai Cyberspace Administration due to concerns over AI-generated content that poses risks to minors' mental and physical health [1] - The app focuses on AI companionship, allowing users to interact with virtual AI characters, and is operated by Shanghai Zhu Meng Dao Artificial Intelligence Technology Co., Ltd. [1] - The app has completed a new round of financing exceeding $10 million, with investments from strategic partners including SenseTime Guoxiang Fund and Yuewen Group [1] Group 2 - A tragic incident in 2024 involving a 14-year-old boy who became obsessed with an AI companionship app led to his suicide, prompting legal action against the company Character.AI by the boy's mother [2] - The incident raised concerns regarding the protection of minors in relation to AI companionship products, highlighting the safety risks associated with providing AI Q&A services to minors [2] - The Shanghai Cyberspace Administration emphasized the importance of regulating AI technology applications to protect the legitimate rights and interests of minors, urging internet platforms to fulfill their responsibilities and balance innovation with compliance [2]

618落下帷幕，iPhone 16 Pro和iPhone 16 Pro Max包揽京东和天猫手机热卖榜冠亚军。 中国市场是苹果最重要的全球市场之一，然而，近几个季度，苹果在大中华区的表现却持续承压。根据苹果公司2024财年第四财季（即自然年2024年第三 季度）财报，大中华区营收为150.33亿美元，同比下降0.34%。整财年收入为669.52亿美元，同比下滑达7.73%。这是苹果财报所有划分地区中唯一一个录 得年度负增长的市场。 而且这一下降趋势已持续五个季度。进入2025财年后，苹果在大中华区的营收依旧走低：第一财季为185.1亿美元，同比下降11%；第二财季则为160亿美 元，再度下滑。 近期，乘着618和国补的东风，苹果大幅降价，iPhone销量回暖。 国补之下 iPhone大幅降价 6月17日，《IT时报》记者登录淘宝、京东、拼多多、抖音等主流电商平台后发现，iPhone依旧是整个618大促手机赛道当之无愧的销量之王。平台榜单显 示，无论是天猫主会场、百亿补贴频道还是全国补贴榜，iPhone 16系列都稳居榜首。 相比以往，今年各平台给出的iPhone优惠力度显著加大，有机型最高优惠幅度超过2600 ...

Core Viewpoint - The Japan Economic Federation has released a proposal for the sustainable growth of the anime industry, advocating for the adaptation of previously canceled manga into animation, highlighting the industry's potential despite facing systemic risks [1][5][25]. Group 1: Industry Background - The anime industry in Japan has been a significant cultural and economic pillar since its inception, with notable successes in the early 2000s, such as "Naruto" and "Spirited Away," which contributed to its global popularity [5][7]. - In 2002, the revenue from Japanese animated products exported to the U.S. was approximately $4.359 billion, significantly surpassing the total revenue from steel exports to the same market [7]. - The Japanese government has recognized the anime industry as a key economic sector, with policies aimed at enhancing its international competitiveness [9]. Group 2: Current Challenges - The anime industry is experiencing a bifurcation, with about 43.8% of full-service studios reporting increased revenues, while 33.3% of outsourcing studios face declining profits [10]. - Rising production costs and the depreciation of the yen have made it increasingly difficult for small to medium-sized animation studios to survive, leading to a wave of closures [14]. - The industry faces a talent shortage, with 47.3% of workers being freelancers, contributing to instability within the sector [16]. Group 3: Global Competition - The rise of South Korean webtoons has significantly impacted the Japanese anime market, with the South Korean market growing from 724 billion won in 2017 to over 2 trillion won in 2023 [17][19]. - Chinese companies are leveraging advanced technology, such as AI, to reduce production costs, with AI penetration rates in China and South Korea at 62% and 57%, respectively, compared to Japan's 8% [22]. - Chinese investments in Japanese anime companies are increasing, with companies like Tencent and Bilibili actively participating in IP development [22]. Group 4: Proposed Solutions - The Japan Economic Federation's proposal includes creating a global crowdfunding platform for fans to invest in the adaptation of canceled manga into animation, although the implementation details are still under development [25]. - The success of this initiative will depend on the industry's ability to adapt to the fast-paced demands of the streaming era, moving away from traditional production processes [27].