Core Viewpoint - The 2025 Bilibili New Year's Eve Gala ("B Station Cross Evening") will feature exclusive sponsorship from Qianwen APP, integrating AI creative capabilities into the event's programs and interactive segments, allowing viewers to participate actively rather than just watch [1] Group 1: Event Highlights - The number of viewers who have made reservations for the 2024 "B Station Cross Evening" has exceeded 10 million, with a peak live viewership of 346 million [1] - Qianwen APP will launch the "Cheers to the New Year with AI" campaign, utilizing Alibaba's latest video generation model, Wanshang 2.6, to create personalized toast videos with family, friends, pets, and historical figures like Van Gogh and Einstein [1] Group 2: Promotional Activities - From now until January 3, 2026, users can create "cheers" videos on Qianwen APP to receive cash red envelopes, with a maximum amount of 888 yuan [1] - Users can also collect cards through various methods to participate in a cash prize pool of 10 million yuan at midnight on January 1, with lucky users having the chance to win a commemorative gold note made of pure gold [1]

Core Viewpoint - The eighth China International Import Expo (CIIE) showcased Peru's economic potential and cultural heritage, highlighting the successful opening of the QianKai Port and its role in enhancing trade relations between China and Peru [2][3][5]. Group 1: Event Overview - The CIIE attracted 4,108 enterprises from 138 countries and regions, marking a record scale for the event [2]. - Peru participated with a dual exhibition model, featuring a national pavilion and a commercial pavilion, to effectively showcase its unique products and cultural heritage [5][13]. Group 2: Trade and Economic Impact - The QianKai Port, opened in November 2024, has significantly improved trade efficiency, with imports and exports via this route reaching 15,400 tons and a value of 3.97 billion RMB in the first three quarters of 2025, representing a 56.9% year-on-year increase in trade value between Shanghai and Peru [3][15]. - The port has enhanced the transportation of Peruvian frozen fruits to China, reducing delivery times by 30% compared to traditional routes, thus ensuring product freshness [3][13]. Group 3: Cultural and Technological Integration - The Peruvian national pavilion utilized AI technology to create immersive experiences, allowing visitors to explore Peru's rich culture and natural beauty through virtual reality [8][11]. - The integration of digital technology with cultural presentations has made the Peruvian pavilion one of the most engaging and technologically advanced at the expo [11][16]. Group 4: Future Cooperation and Strategic Partnerships - The successful operation of QianKai Port is seen as a catalyst for deepening the comprehensive strategic partnership between China and Peru, moving from simple trade to a broader collaboration encompassing services and investments [15][16]. - The expo facilitated multiple agreements between Chinese companies and Peruvian entities, indicating a shift towards a more integrated economic relationship [16][19].

近日，湖北孝感大悟法院民二庭在审理一起房屋租赁合同纠纷案时，精准识破原告方利用AI技术伪造证据的行为，依法对其予以训诫， 以"零容忍"态度捍卫司法权威与诚信诉讼底线。 AI照片露马脚 谎言难自圆 2024年5月，李某与熊某签订房屋租赁合同，约定租期及租金，并明确后半年租金须于2025年3月前付清。租期届满后，因熊某未支付后 半年租金及水电费，李某将其诉至法院，并委托女儿董某代理诉讼。 庭审中，李某未能提供熊某欠缴水电费的有效凭证。董某当庭称熊某系该房屋首位租客，所有水电费均由其产生，并承诺庭后补交租期前 后水电表照片作为佐证。然而，董某提交的照片中赫然带有"豆包AI 生成"的水印，引起法官警觉。 进一步核查发现，董某关于水电表使用情况的陈述前后矛盾：起初声称水电表为单独使用，后在追问下改口承认房屋为"一梯两户"，两户 共用同一水电表。面对法官质询，董某无法自圆其说，最终承认伪造证据，并向法庭补交了真实照片。 惩教结合 严明司法底线 鉴于董某在调查中主动坦白、及时纠正错误，法院秉持"惩教结合"的原则，决定以训诫方式处理，督促其深刻认识违法行为的严重性，切 实增强诉讼诚信意识。同时，对其提交的伪造证据不予采信，案 ...

Core Insights - The recent developments in the establishment of specialized subsidiaries by leading public funds like E Fund and GF Fund indicate a shift towards diversified and differentiated business models in the asset management industry [1][3] Group 1: Establishment of Subsidiaries - E Fund's wholly-owned subsidiary, E Fund Wealth Management Fund Sales (Guangzhou) Co., Ltd., has officially commenced operations after obtaining the necessary licenses, marking a significant milestone in its business expansion [1] - As of now, the total number of wealth management subsidiaries among public fund companies has reached 9, with notable players like Harvest Wealth and Huaxia Wealth leading in non-money fund asset retention [2] Group 2: Diversified Business Strategies - The public fund industry is witnessing a trend towards diversification in wealth management, private equity investment, and specialized operations, as evidenced by GF Fund's establishment of its wholly-owned subsidiary, Ruichen Private Equity Investment Fund Management (Guangdong) Co., Ltd. [3] - The establishment of private equity investment subsidiaries is not limited to GF Fund; other firms like Huaxia Fund have also received regulatory approval for similar ventures, indicating a growing interest in private equity within the public fund sector [3] - E Fund has also set up subsidiaries focusing on alternative asset allocation and asset securitization, alongside its overseas operations, reflecting a comprehensive approach to asset management [3] Group 3: Technological Integration - E Fund is actively integrating advanced AI technologies, including deep learning and machine learning, to enhance its investment research and advisory services, indicating a commitment to digital transformation in the asset management space [1]

中新网北京12月28日电 (记者 应妮)北京大学中文系三代学者历时十三年，完成国家社科基金重大项目 《现代的形成与拓路——百年中国文学与当代文化建设》。 《现代的 形成与拓路》书影。 主办方供图 "百年中国文学与当代文化价值建构暨《现代的形成与拓路》典藏版座谈会"27日在北京大学举行，三十 余位专家齐聚一堂，围绕百年中国文学如何参与当代文化价值建构展开深度座谈。 中国作家协会副主席阎晶明认为，这部十分难得的学术著作着眼于形成和拓路两个维度，以传统、世 界、大众化、伦理、民间、新媒体六个面向作为观察视角，以重点文学现象和作家作品为实证，对百年 来中国文学发展演变做了具有学理性的梳理与论述。它贯穿始终的主线，就是现代性的生成、发展、强 化、拓展、兴变，这些灿烂的景象成为中国当代文化建设的重要构成，对于文化建设产生了不可替代的 影响。 中国当代文学研究会会长、北京师范大学文学院教授张清华指出，这部著作既有强烈的问题意识，又有 鲜明的历史总体性考量，既有丰厚史料，又有广阔视野，既有文本勘查，又有强大的历史形变和逻辑力 量。论著无论对于新文学史、现代思想史还是现代文化史、当代思想理论的研究都是重大收获，是一项 具有里程 ...

Investment Rating - The report maintains an investment rating of "Leading the Market - A" for the construction industry, indicating an expected return that will outperform the CSI 300 index by 10% or more over the next six months [6]. Core Insights - The 2026 fiscal policy is set to remain proactive, with a focus on increasing fiscal spending and optimizing government bond tools to enhance local financial capabilities. This is expected to support economic growth and improve the construction industry's operational conditions [18][11]. - Infrastructure investment has shown signs of recovery, with November data indicating a month-on-month improvement. The construction sector is anticipated to stabilize as policies aimed at debt reduction and "anti-involution" continue to be implemented [2][11]. - The demand for cleanroom construction is expected to rise due to increased capital expenditures in the semiconductor and cloud service sectors, driven by rapid advancements in AI technology [3][15]. Summary by Sections Industry Dynamics - The national fiscal work conference highlighted the achievements of 2025 and outlined the key tasks for 2026, emphasizing a more active fiscal policy to stimulate consumption and manage risks in key areas [18]. - The construction industry is expected to benefit from a combination of improved fiscal policies and a recovering investment environment, leading to marginal improvements in operational performance [2][11]. Market Performance - The construction industry saw a weekly increase of 2.26%, outperforming the CSI 300 index, with the decoration and renovation sector showing the highest growth at 11.37% [20][21]. - The overall industry valuation metrics indicate a TTM P/E ratio of 12.47 and a P/B ratio of 0.83, with several companies showing low valuations, suggesting potential investment opportunities [24][28]. Key Companies to Watch - Recommended companies include low-valuation state-owned enterprises such as China State Construction, China Communications Construction, and China Railway Construction, which are expected to benefit from improved cash flow and profitability [11][13]. - Cleanroom engineering leaders like Yaxin Integration and Shenghui Integration are highlighted for their potential growth due to increasing demand in the semiconductor sector [3][15].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：天风研究 刘欣，天风研究总经理助理、TMT行业研究组副组长兼传媒互联网及海外研究首席分析师。曾先后在 中金公司、海通证券、民生证券从事TMT行业研究，在华创证券（2020–2025）任传媒互联网首席分析 师。长期聚焦传媒与互联网领域，形成兼具趋势研判与公司分析的系统方法论，研究实力屡获业界权威 认可：多次跻身新财富、水晶球、新浪金麒麟、上证报、金牛奖、21世纪金牌分析师等评选前列，并在 2025年带领团队荣获证券时报新财富杂志最佳分析师传播与文化类第五名，21世纪金牌分析师第三名。 研究座右铭：珍惜行情。 作为2015年入行看传媒的分析师，彼时不少人都称我幸运，毕竟这一赛道正值传媒互联网牛市的黄金 期，是无数应届生挤破脑袋争抢的香饽饽。可入行后，等待我的却是长达七年的行业寒冬，我亲身经历 了传媒指数连续13个季度负涨幅、无一次季度反弹的持续低迷，也熬过长年稳居A股全行业年度涨跌幅 倒数前三的落寞处境。 但行业低谷从不是懈怠的理由，反而更需要自己沉下心深耕基本面，复盘行业周期规律，扎扎实实锤炼 研究基本功，慢慢凝练出"敏于捕捉、珍惜 ...

Core Concept - The article emphasizes the shift from pursuing superficial metrics like follower count and public domain views to focusing on conversion rates and private domain engagement, suggesting that businesses should build their IP assets within private social networks like WeChat [1][6] Group 1: Core Idea - The concept of "private domain" is gaining traction as it addresses the market's transition from "traffic growth" to "deepening user retention," highlighting the importance of certainty in growth and the value of customer relationships [7] - Private domain users exhibit a repurchase rate of 40%-60% and a conversion rate of 6%-10%, significantly higher than public domain metrics, indicating a need for brands to focus on user stickiness and conversion efficiency [7] - Brands can create real digital assets by nurturing customer relationships and interaction data within private domains, as opposed to relying on volatile public metrics [7] Group 2: Implementation Strategies - Effective private domain operations require systematic methods, including creating traffic entry points, user segmentation, and personalized outreach strategies [10] - Brands should utilize smart channels to efficiently convert public traffic into private domain users while implementing tagging for refined user segmentation [10] - Providing valuable content and designing altruistic sharing mechanisms can stimulate private domain engagement and sharing [10] Group 3: Limitations of the Concept - The article warns against completely dismissing the value of public domains, as they serve as a brand's influence radar and new customer reservoir, suggesting a collaborative approach between public and private domains [15] - Over-reliance on employees for distribution can lead to increased burdens and potential damage to personal social credibility if not managed properly [15] - The accumulation of user data in private domains poses significant security and compliance challenges, and there is a risk of rising customer acquisition costs within private domains [15] Group 4: New Perspectives in a Smart Society - In a connected and AI-driven society, the focus should shift from merely adding friends to understanding users deeply through AI and big data, enabling hyper-personalized services [17] - The role of employees will evolve from mere distributors to emotional connectors and problem solvers, aided by AI in content generation and optimal engagement timing [17] - Advanced IP operations will involve the fluid exchange of IP value across various platforms and scenarios, enhancing the overall brand ecosystem [17] Conclusion - The article concludes that businesses must transition from chasing vanity metrics to cultivating user value, positioning private domain conversion and relationship building as foundational strategies while leveraging public influence and cross-platform IP development as complementary efforts [18]

转自：扬子晚报 近日，湖北孝感大悟法院民二庭在审理一起房屋租赁合同纠纷案时，精准识破原告方利用AI技术伪造 证据的行为，依法对其予以训诫，以"零容忍"态度捍卫司法权威与诚信诉讼底线。 "羊城晚 报"微信公号 图 2024年5月，李某与熊某签订房屋租赁合同，约定租期及租金，并明确后半年租金须于2025年3月前付 清。租期届满后，因熊某未支付后半年租金及水电费，李某将其诉至法院，并委托女儿董某代理诉讼。 庭审中，李某未能提供熊某欠缴水电费的有效凭证。董某当庭称熊某系该房屋首位租客，所有水电费均 由其产生，并承诺庭后补交租期前后水电表照片作为佐证。然而，董某提交的照片中赫然带有"豆包AI 生成"的水印，引起法官警觉。 11月18日 下午3:51 分别是租后,租前的水电表图片 11月19日 下午3:08 你撤回了一条消息 你这豆包生成的照片不能如此吧 ·)) 进一步核查发现，董某关于水电表使用情况的陈述前后矛盾：起初声称水电表为单独使用，后在追问下 改口承认房屋为"一梯两户"，两户共用同一水电表。面对法官质询，董某无法自圆其说，最终承认伪造 证据，并向法庭补交了真实照片。 惩教结合，严明司法底线 承办法官对董某进行了 ...

AI照片露马脚，谎言难自圆 2024年5月，李某与熊某签订房屋租赁合同，约定租期及租金，并明确后半年租金须于2025年3月前付清。租期届满后，因熊某未支付后半 年租金及水电费，李某将其诉至法院，并委托女儿董某代理诉讼。 庭审中，李某未能提供熊某欠缴水电费的有效凭证。董某当庭称熊某系该房屋首位租客，所有水电费均由其产生，并承诺庭后补交租期前后 水电表照片作为佐证。 然而，董某提交的照片中赫然带有 "豆包AI生成"的水印，引起法官警觉。 11月19日 下午5:09 据大悟法院官网， 近日，湖北孝感大悟法院民二庭在审理一起房屋租赁合同纠纷案时，精准识破原告方利用 AI技术伪造证据的行为， 依法对其予 以训诫，以"零容忍"态度捍卫司法权威与诚信诉讼底线。 证据是诉讼的基石，更是司法裁判的重要依据。任何伪造、变造证据的行为，不仅违背诚实信用原则，于理不容，更是触碰法律红线、扰乱 司法秩序，于法难容。法官郑重提醒：诉讼当事人若遇举证困难，应通过委托律师、申请法院调查取证、调取相关单位存档资料等正当途径 解决，切勿心存侥幸，试图 "走捷径"。唯有诚信诉讼，方能真正维护自身权益；若已涉不诚信诉讼，唯有主动坦白、及时纠正，才可 ...