Core Viewpoint - Minglue Technology, a leading AI unicorn from Shanghai, is reapplying for an IPO on the Hong Kong Stock Exchange after a previous application lapsed in November 2024, aiming to leverage its position as the largest data intelligence application software provider in China [1][2]. Company Overview - Founded in 2006, Minglue Technology specializes in data intelligence products and solutions, focusing on marketing and operational intelligence across online and offline scenarios [1]. - The company is backed by major investors including Tencent, Sequoia China, and Kuaishou, with Tencent holding approximately 26.96% of the shares, making it the largest shareholder [2]. Revenue and Financial Performance - Minglue Technology's revenue exceeded 1 billion yuan, with reported revenues of 1.269 billion yuan, 1.462 billion yuan, and 1.381 billion yuan for the years 2022 to 2024, reflecting a slight decline of 5.54% year-on-year [5]. - The net profit for the same period showed a significant drop from 1.638 billion yuan in 2022 to 7.9 million yuan in 2024, primarily due to changes in the fair value of preferred shares and convertible notes [5]. - Adjusted net losses were reported at 1.099 billion yuan, 174 million yuan, and 45.113 million yuan for 2022 to 2024, indicating that the company has not achieved true profitability [5]. Product and Service Offerings - The company's offerings are divided into three main segments: marketing intelligence, operational intelligence, and industry AI solutions [3]. - Key products include the Miaozhen System, which optimizes media spending, and Weiban Assistant, a private domain tool based on Tencent's ecosystem [3][4]. Customer Base and Market Presence - Minglue Technology has established a robust customer base, serving over 20,000 restaurants and more than 46,000 offline retail stores, including 135 Fortune Global 500 companies across various industries [4]. - The company holds a market share of 4.4% in the data intelligence application software market, leading in both marketing intelligence (8.9%) and operational intelligence (13.1%) segments [10]. Research and Development - The company has invested heavily in R&D, with expenses of 751 million yuan, 481 million yuan, and 353 million yuan from 2022 to 2024, representing 59.2%, 32.9%, and 25.6% of revenue respectively [6]. - Despite the high R&D costs, the company maintains a healthy gross margin, reported at 53.2%, 50.1%, and 51.6% for the same years [6]. Industry Outlook - The data intelligence application software market in China is projected to grow significantly, with a market size of 30.3 billion yuan in 2023 and an expected compound annual growth rate (CAGR) of 20.4% over the next five years [7]. - Government policies aimed at digital transformation are expected to further expand the market, with initiatives like the "14th Five-Year Plan for Digital Economy Development" [9]. Competitive Landscape - The industry is characterized by a fragmented competitive landscape, with the top five players holding less than 10% market share [10]. - Minglue Technology is recognized as a leader in adopting AIoT and AIOps technologies, with a strong patent portfolio of 2,177 patents and 926 pending applications, indicating a solid technological foundation [10].

Core Insights - Velos Markets is reshaping the global trading experience for investors by bridging traditional and emerging financial worlds through multi-dimensional coverage and technological innovation [1] Regulatory Safety and Technical Architecture - Velos Markets is regulated by the Australian Securities and Investments Commission (ASIC), establishing a bank-grade customer fund segregation system to ensure each asset is stored independently in top-tier financial institutions [3] - The platform employs a distributed server architecture combined with military-grade encryption algorithms, maintaining millisecond-level response times even during market volatility, effectively creating a "digital fortress" for funds [3] Comprehensive Trading Matrix - The platform features a "three-legged" trading matrix encompassing foreign exchange, Contracts for Difference (CFD), and cryptocurrencies: - Traditional market coverage includes over 30 global stock exchanges, 10 major currency pairs, and commodity CFDs like gold and oil, catering to the diverse needs of conservative investors [4] - An innovative channel for crypto assets integrates trading for 12 major digital currencies, enabling seamless 24/7 trading through smart contract technology [4] - A derivatives strategy engine offers complex financial instruments, including options and futures, supporting advanced strategies like cross-market arbitrage for professional traders [4] Data Intelligence - Velos Markets introduces an "Economic Thermometer" system that revolutionizes traditional data interpretation: - Risk visualization transforms key indicators like non-farm payrolls and CPI into color-coded maps, marking historical volatility thresholds, allowing investors to predict market risks akin to weather observation [6] - A dynamic strategy dashboard generates real-time trading signals using machine learning algorithms, complemented by position simulation tools for strategy validation in a simulated environment [6] - A knowledge empowerment system publishes a daily report titled "Global Economic Pulse," breaking down the underlying logic of data with practical courses available in a video tutorial library [6] Operational Experience - The platform's interface design follows a "layered interaction" concept: - A beginner guidance system includes a simulated account with $100,000 in virtual funds and step-by-step teaching modules, functioning as a "financial driving simulator" [8] - Professional tool integration in the Pro version trading terminal supports API access and customizable algorithmic trading models, catering to the high-frequency needs of quantitative teams [8] - Efficiency optimization through smart routing technology connects directly to liquidity pools, achieving an average forex order execution speed of 35ms, which is 40% faster than the industry average [8] Chaos Management - Velos Markets' strategy system adheres to the "ordered chaos" philosophy: - Volatility is categorized into calm, turbulent, and storm periods, dynamically adjusting leverage limits and margin requirements, akin to a "financial weather warning system" for investors [9] - Cross-market hedging tools support triangular hedging strategies across stocks, forex, and commodities, automatically recommending optimal combinations through correlation analysis [9] - A backtesting verification mechanism allows the strategy lab to load 20 years of historical data to test theoretical models against real market fluctuations, avoiding decision-making errors based on theoretical assumptions [9]

近日，由雄安未来之城场景汇组委会主办，河北省委金融办、中关村金融科技产业发展联盟等多家权威 机构承办的国家级赛事"雄安国际金融科技创新技术应用大赛"决赛成功举办。 全国116项技术参赛，进入决赛共计30家企业，诸葛智能以总成绩第三名的卓越表现，荣膺场景金融创 新解决方案二等奖，位列中国农业银行之后，与国网征信、兴隆县农村信用合作联社并列二等奖。 本次大赛是落实国家金融科技发展战略的关键举措，获奖项目将直接对接雄安新区及全国产业落地需 求，其技术创新性与场景适配性均代表行业头部水平。 诸葛智能 从数据闭环到业务增长的验证之路 在决赛路演现场，诸葛智能CTO文革深度阐释了"基于数据智能的全周期金融服务决策引擎"解决方案的 落地逻辑与技术架构，并着重拆解了该方案的核心竞争力，展现其"全栈数据闭环能力"与"跨金融场景 的实效验证"两大硬核优势。 #01、构建全链路落地闭环 诸葛智能方案的核心价值，不仅在于技术侧的卓越表现，更在于形成了一套标准化、模块化、可快速部 署的智能决策体系。 全栈数据智能：深度融合诸葛IO(埋点采集)、诸葛CDP(营销数据集市)、诸葛CEP(智能营销策略中心)， 构建"采集-治理-分析-决策- ...

作者 | AICon 全球人工智能开发与应用大会 策划 | 燕珊 编辑 | 宇琪 大模型浪潮正引领数据管理与分析迈入全新阶段，Chat BI、Agent+Workflow 等应用，使业务人 员能够通过自然语言交互即时获取数据洞察，显著释放生产力。那么，如何构建高质量数据集、 优化检索效率？如何让数据在大模型的应用中发挥最大效能？ 近日 InfoQ《极客有约》X AICon 直播栏目特别邀请了 DaoCloud 道客联合创始人兼首席技术官 郭峰 担任主持人，和 中电金信研究院副院长单海军 、 数据项素产品副总裁覃睿 、 货拉拉大数 据专家凌霄 一起，在 AICon 全球人工智能开发与应用大会 2025 北京站 即将召开之际，共同探 讨智能化数据管理体系的搭建。 在 6 月 27-28 日将于北京举办的 AICon 全球人工智能开发与应用大会 上，我们特别设置了 【 大模型时代的数据处理与分析 】 专题。该专题将围绕数据科学家、工程师、技术管理者等不同角 色的从业者，通过实际案例分析和专家分享，探讨如何提升数据质量、优化检索效率，构建智能 化数据管理体系，让数据在大模型的应用中发挥最大效能。查看大会日程解锁更多精 ...

Core Insights - The report focuses on six prominent internet companies in Hefei that excel in technological innovation, model exploration, and industrial collaboration [1] Group 1: Company Profiles - Ju Ming Technology is a significant internet platform enterprise in Anhui, aiming to become a leading player in the local internet industry, with a strong emphasis on technological innovation and service quality [3] - Shen Ce Data is a leading data intelligence service provider in China, offering a comprehensive solution that integrates data collection, behavior analysis, and intelligent outreach [4] - NIO Inc., established in 2014, specializes in the research and manufacturing of smart electric vehicles, emphasizing innovation and high quality in its offerings [5] - Ameya Optoelectronics focuses on the research and manufacturing of optoelectronic intelligent recognition equipment, integrating internet technology into its products to enhance innovation [6] - Huami Technology, founded in 2013, specializes in smart wearable products and health cloud services, having made a significant mark in the industry and being the first Chinese smart hardware company listed on the NYSE [7] - Zebra Smart Mobility, established in November 2021, focuses on smart automotive operating systems and has a strong R&D team with over 80% of its workforce dedicated to research [8]

钛媒体App 6月15日消息，下周（6月16日-22日）市场大事预告： 8. 周四（6月19日），美联储公布最新利率决议。目前，期货市场押注美联储本次"按兵不动"的概率高 达99%，投资者将密切关注本季度更新的经济预测及其点阵图会释放出哪些有关未来降息路径的信号。 9. 英国央行也将于周四（6月19日）公布政策利率。 10. 周二（6月17日），日本央行公布最新利率决议。市场预计该行本月继续暂缓加息的概率超过50%， 投资者将关注政策制定者将如何实施其债券购买计划，媒体调查显示，约三分之二的受访者预计缩减购 债计划的步伐将放缓。 11. 美国5月零售销售增速也将于周二（6月17日）公布。 1. 周一（6月16日），中国将公布5月社零增速等一系列经济数据。中金认为，5月的边际变化主要是关 税摩擦的缓解，有利于中国对美出口的边际恢复，并一定程度上缓解外贸不确定性对企业生产和投资的 压制。预计5月各项经济指标相较于4月或保持平稳，社零、投资、工业增加值等增速可能基本持平前 值。 2. 2025陆家嘴论坛6月18日-19日在上海举办。论坛期间，中国央行、证监会等多家权威机构领导将出席 并发表演讲，中央金融管理部门还将 ...

下周重要事件与数据预告：超级央行周、中国社零&LPR、美国零售数据 1. 周一：①数据： 中国5月社会消费品零售总额年率及规上工业增加值年率，美国6月纽约联储制造业 指数；②国家统计局公布70个大中城市住宅销售价格月度报告；③国新办就国民经济运行情况举行新闻 发布会；④ 欧佩克公布月度原油市场报告；⑤习近平出席中国—中亚峰会。 2. 周二：①数据：欧元区和德国6月经济景气指数， 美国5月零售销售月率、进口物价指数月率及工业 产出月率；②1820亿元1年期中期借贷便利（MLF）到期；③ 日本央行公布利率决议；④国内成品油将 开启新一轮调价窗口；⑤ IEA公布月度原油市场报告；⑥新西兰总理访华；⑦巴以"两国方案"国际会议 举行；⑧美国国会参议院表决GENIUS法案。 3. 周三：①数据： 美国API原油库存和EIA原油库存，英国5月CPI和零售物价指数，欧元区4月季调后 经常帐，欧元区5月CPI终值， 美国初请失业金人数；②加拿大央行公布货币政策会议纪要；③印尼央 行、瑞典央行公布利率决议；④ 2025陆家嘴论坛在上海举办；⑤2025数据智能大在北京召开，将发布 《智能体产业图谱》；⑥加拿大央行行长就加拿大经济前 ...

Group 1 - The national emphasis on public health system construction has increased, viewing it as a crucial foundation for safeguarding people's health, with the "Healthy China" strategy making significant progress [1] - The government is committed to building a smart public health defense through technological empowerment, as evidenced by the comprehensive planning of the "14th Five-Year Plan" for public health system construction [1] - Hanjia Design's subsidiary, Futai Technology, has been deeply involved in infectious disease prediction models, contributing significantly to public health safety in various provinces [1] Group 2 - The SIR model, an internationally recognized infectious disease prediction model, has evolved into various derivatives like SEIR, SEIRD, and SEIRAD, which are widely used in research and prediction [2] - Futai Technology collaborates with numerous research institutions to enhance the SEIR model, enriching its adjustable parameters to improve epidemic prevention and control [2] - The model empowers epidemic decision-making by predicting epidemic peaks and infection scales, allowing for proactive medical resource preparation [2] Group 3 - For medical institutions, the model aids in dynamically adjusting bed allocations and medical staff scheduling based on infection predictions [3] - Government departments can utilize the model to make more scientific decisions regarding resource allocation and vaccination strategies [3] - Futai Technology plans to deepen model research and integrate it with urban governance digital solutions, enhancing the model's social value and application scenarios [3]

Group 1 - The core viewpoint of the article is that Minglue Technology, a leading data intelligence application software company in China, has submitted its listing application to the Hong Kong Stock Exchange, with China International Capital Corporation Hong Kong Securities Limited as the sole sponsor [1][3] - According to Frost & Sullivan, Minglue Technology is the largest data intelligence application software provider in China by total revenue in 2023 [1] - The company offers a range of data intelligence products and solutions, including marketing and operational intelligence tools, which cater to both online and offline scenarios [1] Group 2 - Financial performance shows that total revenue increased from RMB 1,269.3 million in 2022 to RMB 1,462.0 million in 2023, but is projected to decline to RMB 1,381.4 million in 2024 [2] - The gross profit margins for 2022, 2023, and 2024 were 53.2%, 50.1%, and 51.6% respectively [2] - Net profits recorded were RMB 1,637.6 million in 2022, RMB 318.4 million in 2023, and a significant drop to RMB 7.9 million in 2024 [2] Group 3 - The company holds a strong technological position with 2,177 patents and 926 patent applications as of December 31, 2024, and has received over 450 domestic and international awards [1] - The company has a significant focus on research and development, with expenditures of RMB 750.9 million, RMB 480.8 million, and RMB 353.0 million for the years 2022, 2023, and 2024 respectively [2] - The company faces challenges related to compliance with evolving privacy and data protection laws, which could adversely affect its business and financial performance [2]

Core Insights - Minglue Technology plans to list on the Hong Kong Stock Exchange, marking a significant step towards capital market engagement [1] - The company is recognized as the largest data intelligence application software provider in China, according to Frost & Sullivan [1] R&D Strength - Minglue Technology has established a strong foundation in innovation with over 2,177 patents and 926 patent applications as of December 31, 2024 [2] - The company has 1,167 invention patents in key areas such as data intelligence and enterprise knowledge graphs [2] - It has pioneered the use of meta-learning for facial recognition and knowledge graph technology for sales strategy optimization [2] Financial Performance - Total revenue increased from RMB 1.269 billion in 2022 to RMB 1.462 billion in 2023, but is projected to decline to RMB 1.381 billion in 2024 due to reduced revenue in operational intelligence [3] - Gross margins for 2022, 2023, and 2024 were 53.2%, 50.1%, and 51.6% respectively [3] - R&D expenditures decreased from RMB 751 million in 2022 to RMB 353 million in 2024 [3] Adjusted Losses - Adjusted net losses for the years 2022, 2023, and 2024 were RMB 1.1 billion, RMB 174 million, and RMB 45.1 million respectively, indicating a gradual narrowing of losses [4] Core Product Matrix - The company offers two main product categories: marketing intelligence and operational intelligence, with the "Miaozhen System" being a flagship product [5] - The Miaozhen System is recognized as the leading marketing intelligence application software in China as of 2023 [5] - The company also provides tools for private domain management within the Tencent ecosystem and an intelligent store operation system [5] Diverse Client Base - Major clients include companies in consumer goods, food and beverage, automotive, and 3C industries, with revenue from the top five clients accounting for 25.4%, 36.0%, and 35.1% of total revenue in 2022, 2023, and 2024 respectively [6] - The company plans to strengthen its market position through enhanced R&D, talent acquisition, and the establishment of a data intelligence product ecosystem [6] - The Chinese data intelligence application software market is expected to grow from RMB 30.3 billion in 2023 to RMB 71.3 billion in 2028, providing opportunities for the company to maintain its leading position [6]