Core Insights - The article discusses the fluctuating stock price of Pop Mart since its IPO, highlighting the importance of analyzing the journey from its low point to peak rather than just the final outcome [1] - The core controversy surrounding Pop Mart revolves around the "blind box economy" and the differing perceptions of "emotional value consumption" [3] - Pop Mart's success challenges traditional IP narrative models by allowing consumers to project personal emotions onto its character designs, creating a unique emotional interaction [4] Business Model and Strategy - Unlike Disney, which relies on intricate storytelling, Pop Mart uses "emotionally blank" character designs like Molly and Labubu to resonate with consumers across diverse cultural backgrounds [4] - The company's competitive advantage lies in its platform-based IP operation capabilities, which have been strengthened through collaborations with global artists [4] - Pop Mart's supply chain and channel strategies create significant barriers to entry, including high mold costs and prime retail locations in major global markets [4] Global Expansion and Financial Performance - Pop Mart's globalization strategy, which combines local IP with global platforms, has led to substantial growth opportunities, particularly in markets like Thailand and the U.S. [8] - The explosive growth in overseas markets has optimized Pop Mart's revenue structure and significantly increased its net profit margin, driven by a light-asset growth model similar to the internet industry [10] Investment Insights - The case of Pop Mart illustrates a shift from "non-consensus" to "consensus" investment thinking, emphasizing the importance of grassroots research and direct market engagement [11] - Investors are advised to identify clear entry points based on financial reports and industry dynamics, particularly when overseas market performance exceeds expectations [11] - The strategy of "left-side observation, right-side verification" helps mitigate early entry risks while capturing growth opportunities as market logic becomes more accepted [12] Consumer Behavior and Market Trends - The unique advantages of retail investors include the ability to conduct flexible, on-the-ground research, allowing them to capture emerging consumer trends more effectively [13] - Pop Mart's success reflects the diversification of the Chinese consumer market and highlights the hidden demand truths behind seemingly counterintuitive business phenomena [13]

【美国炒作中方违反中美经贸共识】 在这场由美国发起的，对中国接连不断的贸易战里，美国政府自特朗普领衔，犹如一位豪赌的赌徒，不 断地加码和制造噱头，试图通过各种手段让中国屈服。然而，这场博弈远比想象中的复杂。 就在中美双方宣布暂停关税战不到一个月，美国政府就开始大肆炒作，所谓的"中国违反中美经贸共 识"这一论调。 然而，真正细细看来，美国在背后的小动作才可谓层出不穷，从限制AI芯片出口、撤销中国留学生签 证，再到禁止向中国销售芯片设计软件，无不显示出一种"打架还要喊救命"的诡异逻辑。这些措施，表 面上看是美国捍卫自身利益的举动，而实际上，则是对中美经贸共识的严重破坏。 中国商务部当即回应，以一种一针见血的态度指出了事实：中方积极维护日内瓦会谈的成果，取消了一 系列对等关税措施，反观美方却不断挑起事端，还倒打一耙。 中美贸易战硝烟再起，特朗普政府一边加码制裁，一边急切寻求对话，中国则以稀土管制等反制措施稳 守阵地。当美方频频破坏谈判共识后，这场"边打边谈"的博弈究竟该如何收场？ 而身在其中的特朗普政府仿佛被困住了一般，无计可施，只能期盼能够通过某种途径与中国进行有效沟 通。 【中国商务部回应美方无理指责】 这真是 ...

大概6年前的这个时候，我写了一篇文章《信息茧房是个伪概念》，对当时大热的"信息茧房"概念进行 了质疑。 信息茧房，说的是推荐算法让每个人只能看到自己感兴趣的内容，久而久之，就容易陷入到认知茧房的 包裹中，由此造成共识割裂、群体极化等一系列后果。 在文章里，我指出这个概念缺少实证依据支撑，逻辑层面也立不住脚。最后得出了结论，这是个伪概 念，算法的负面影响被夸大了。 不用看原文，因为我现在想法已经改变了。 这几年，我已经慢慢意识到，算法对这个世界的影响已经深入骨髓，它造成的割裂，不仅仅是信息消费 层面的，它让整个社会都在陷入茧房化。而信息茧房，只是整个社会茧房化一个小小隐喻。 社会的茧房与孤岛化、乃至共识的分裂、群体的分道扬镳，这是互有逻辑关联的一系列问题，背后有相 当复杂的成因，但算法是最直接的推手。 因为算法的存在，所有人的信息消费，从过往阅读同一份报纸，同看一档电视节目，变成各自拿着手 机，接收算法个性化推送的内容。这迫使信息接收从带有一定公共性的活动，退化成一种极为私人化的 体验。 1985年，《新闻联播》的最高收视率可以达到72%；1998年《还珠格格》播出期间，全国犯罪率显著下 降；1983年的春晚， ...

早盘速递 2025/6/4 热点资讯 1、美方称中方违反日内瓦会谈共识，对此，外交部发言人林剑表示，商务部发言人此前已就此阐明中方严正立场。日内瓦共识 是中美双方在相互尊重、平等协商的原则下达成的。美方在毫无事实根据的情况下，对中方抹黑指责，出台对华芯片出口管制 、暂停对华芯片设计软件销售、宣布撤销中国留学生签证等极端打压措施，严重破坏日内瓦共识，也损害了中方正当权益。中 方对此坚决反对，已提出严正交涉。林剑强调，施压和胁迫不是同中方打交道的正确方式。我们督促美方尊重事实，停止散布 虚假信息，纠正有关错误做法，以实际行动维护双方达成的共识。 2、美国总统特朗普宣布将进口钢铁和铝及其衍生制品的关税从25%提高至50%，该关税政策自美国东部时间2025年6月4日凌晨00 时01分起生效。美国从英国进口的钢铝关税仍将维持在25%。 有色, 19.98% 煤焦钢矿, 13.29% 金 占 比 -2.50 -2.00 -1.50 -1.00 3、中国5月财新制造业PMI录得48.3，较4月下降2.1个百分点，2024年10月来首次跌至临界点以下。其中生产指数和新订单指数 均从扩张区间降至收缩区间，分别录得2022年12 ...

Group 1 - The White House announced that President Trump is likely to have a phone call with President Xi Jinping this week, but the Chinese Foreign Ministry did not provide any additional information [2] - The Chinese Foreign Ministry responded to U.S. claims of violations of the Geneva consensus by stating that the U.S. has made baseless accusations and implemented extreme measures against China, which undermine the consensus and harm China's legitimate rights [3] - The Chinese government emphasized that pressure and coercion are not the correct ways to engage with China and urged the U.S. to respect facts and stop spreading false information [3] Group 2 - The Chinese Foreign Ministry confirmed the close strategic partnership with Belarus amid reports of President Lukashenko's visit to China, but did not provide specific details about the visit [4]

中国外交部发言人林剑6月3日主持例行记者会。 白宫称中美元首本周将通话，外交部回应 有记者提问：美国白宫新闻秘书莱维特6月2日表示，特朗普总统本周可能会同习近平主席通话。财政部长贝森特等多名美方官员近日也表示两国元首将进行 通话。请问中方对此有何评论？ 林剑：我没有可以提供的消息。 美称中方违反中美日内瓦经贸会谈共识 外交部：停止散布虚假信息 6月3日，外交部发言人林剑主持例行记者会。总台央视记者提问，美方近期不断声称中方违反中美日内瓦经贸会谈共识，采取了一系列消极行动，中方对此 有何回应？ 林剑表示，商务部发言人此前已就此阐明中方严正立场。日内瓦共识是中美双方在相互尊重、平等协商的原则下达成的。 美方在毫无事实根据的情况下，对 中方抹黑指责，出台对华芯片出口管制、暂停对华芯片设计软件销售、宣布撤销中国留学生签证等极端打压措施，严重破坏日内瓦共识，也损害了中方正当 权益。中方对此坚决反对，已提出严正交涉。 林剑强调， 施压和胁迫不是同中方打交道的正确方式 。我们督促美方尊重事实，停止散布虚假信息，纠正有关 错误做法， 以实际行动维护双方达成的共 识。 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不 ...

有记者问：近日，美方不断有消息称，中方违反中美日内瓦经贸会谈共识，请问商务部对此有何评价? 答: 中方注意到有关情况。5月12日，中美双方发布《中美日内瓦经贸会谈联合声明》后，中方按照联 合声明达成的共识，取消或暂停了针对美"对等关税"采取的相关关税和非关税措施。中方本着负责任的 态度，认真对待、严格落实、积极维护日内瓦经贸会谈共识。中方维护权益是坚定的，落实共识是诚信 的。反观美方，在日内瓦经贸会谈后，陆续新增出台多项对华歧视性限制措施,包括发布AI芯片出口管 制指南、停止对华芯片设计软件(EDA)销售、宣布撤销中国留学生签证等。这些做法严重违背两国元首 1月17日通话共识，严重破坏日内瓦经贸会谈既有共识，严重损害中方正当权益。美单方面不断挑起新 的经贸摩擦，加剧双边经贸关系的不确定性、不稳定性，不仅不反思自身，反而倒打一耙，无端指责中 方违反共识，这严重背离事实。中方坚决拒绝无理指责。 《中美日内瓦经贸会谈联合声明》是双方在相互尊重、平等协商原则下达成的重要共识，成果来之不 易。我们敦促美方与中方相向而行，立即纠正有关错误做法，共同维护日内瓦经贸会谈共识，推动中美 经贸关系健康、稳定、可持续发展。如美方一 ...

Core Insights - The global quantum technology industry is experiencing rapid growth, with major tech companies like Nvidia investing in quantum computing startups such as PsiQuantum, indicating a fusion revolution between traditional computing giants and quantum newcomers [1] - The event "Financial Empowerment • Quantum Future" hosted by Guofu Quantum Innovation Co., Ltd. in Hong Kong gathered industry experts to discuss the current state and commercial applications of quantum technology in China, highlighting the competitive landscape between China and the U.S. in quantum technology [1][2] Group 1: Event Overview - The forum attracted nearly a hundred experts, investment representatives, and industry leaders in quantum technology, featuring presentations from key figures such as Dr. Xiang Jingen, Mr. Li Chunguang, and Dr. Zhang Wenzhuo, who provided insights into quantum technology and its integration with finance [2][3] - Guofu Quantum showcased unreleased technology products, marking a significant breakthrough in the integration of quantum technology and financial innovation, with plans for an official product launch soon [2] Group 2: Key Presentations - Dr. Xiang Jingen elaborated on the principles, development background, and applications of quantum computing, presenting the innovative practices of Liangxuan Technology, which is a leader in the global quantum computing space [3] - Mr. Li Chunguang outlined Guofu Quantum's future technology strategy centered around "Quantum+", aiming to drive technological breakthroughs and industry transformation through cross-disciplinary empowerment [4] - Dr. Zhang Wenzhuo discussed the full-chain innovation from basic theory to commercial application, introducing products like quantum random number cloud services and quantum random private key generation wallets, expected to undergo public testing next month [4] Group 3: Industry Outlook - The forum emphasized the paradigm shift expected in the next five years, where quantum advantages will transition from laboratories to industrial applications, particularly in sectors like pharmaceuticals, finance, and artificial intelligence [5] - Guofu Quantum's strategy aligns with China's 14th Five-Year Plan for quantum technology development, aiming to create a collaborative ecosystem that integrates quantum computing, communication, blockchain, and AI [5][6] - The company invites global partners, including those from Hong Kong, to explore opportunities in the commercialization of quantum technology and to build a new ecosystem of quantum productivity [6]

Group 1 - The core viewpoint emphasizes that despite the lack of unification, the sovereignty and territory of China have never been divided, and both sides of the Taiwan Strait belong to one China [1][2] - The spokesperson expresses willingness to engage in extensive discussions and deep consultations with various parties in Taiwan to promote peaceful development of cross-strait relations and advance national unification [1][2] - The "1992 Consensus" is highlighted as the political foundation for peaceful development of cross-strait relations, and recognition of this consensus is deemed essential for dialogue and negotiation [2][3] Group 2 - The spokesperson criticizes the current Taiwanese administration's stance, suggesting that any denial of the "1992 Consensus" and attempts at "Taiwan independence" create obstacles for dialogue and cooperation [2][3] - It is stated that the current suspension of communication mechanisms between the two sides is well-known, and the solution is clear: the Taiwanese authorities must acknowledge the "1992 Consensus" for dialogue to resume [3] - The spokesperson asserts that the two sides have maintained communication channels despite the lack of formal dialogue, indicating ongoing interactions and the execution of existing agreements [2]

Core Viewpoint - The "1992 Consensus" is emphasized as the political foundation for peaceful development of cross-strait relations and a prerequisite for dialogue and communication between the two sides [1] Group 1 - The spokesperson of the Taiwan Affairs Office stated that the "1992 Consensus" is a clear and consistent stance for the mainland, which is essential for resuming dialogue and negotiations [1] - The current suspension of the cross-strait dialogue mechanism is attributed to the Taiwan authorities' refusal to acknowledge the "1992 Consensus" [1] - The spokesperson criticized the Democratic Progressive Party (DPP) for creating obstacles to cross-strait exchanges while attempting to portray a false narrative that dialogue can occur without recognizing the "1992 Consensus" [1]