11月18日，"活力陶然，聚力共赢"产业赋能招商推介会暨中海金融中心入市发布会在西城区陶然亭街道中海金融 中心举行。 活动现场，西城区发改委、区委宣传部、中关村科技园区西城园管委会、区数据局四大核心部门联合进行了产业 政策宣讲。各部门负责人解读了西城区覆盖全域产业、文化产业、科技创新领域及数据产业的"高质量发展政策组合 拳"，系统性地展示了在西城区投资兴业的独特优势、广阔前景与坚实政策保障，为在场企业提供了清晰的"政策导 航"。 动漫、游戏电竞也在西城区支持的产业范围内。对入选国家级重点项目的动漫作品，根据项目实际投入予以项目 主体资金支持，单个项目支持不超过100万元。支持文化出海，对动漫作品境外版权授权，按年度境外实际授权收入的 10%给予不超过500万元的资金支持。在游戏电竞产业，对申报运营满一年的专业电竞赛事场馆，举办电竞赛事达到50 场次且50%以上场次达到一定规模的（电竞赛事的总奖金达到100万元），给予场馆运营方每年一次性50万元资金支 持。 中关村科技园区西城园管理委员会（北京市西城区科学技术委员会）产业促进科科长曾庆艳介绍了《北京市西城 区促进科技创新及中关村科技园区西城园高质量发展若干措施 ...

近日，汇通达网络(09878.HK)宣布与专注电商及零售智能化的科技公司认知边界签署股权收购协议，公 司拟以4.56亿元收购认知边界57%股权。交易完成后，认知边界将成为汇通达控股子公司，其财务报表 将正式并入上市公司，双方将围绕零售场景共同打造全栈式AI产品矩阵。 从商品方面来看，认知边界服务的头部品牌资源与汇通达既有的供应链商品池实现互通，进一步丰富下 沉市场的优质商品供给，有望同步提升汇通达对核心品类的把控，强化自有品牌与智慧供应链的商品竞 争力。 根据协议披露和业绩承诺，未来三年认知边界归母净利润将不低于8500万元、1亿元及1.15亿元，上述 业绩并表也有利于汇通达AI及相关服务收入增长、收入结构优化和盈利能力提升。 从营销方面来看，认知边界成熟的AIGC内容工具与营销自动化能力，叠加汇通达已上线的Agent，强 化"AI销售智能体"与"数字店员"，有望系统性提升会员店在电商、社群种草、短视频等不同平台的数智 化营销效率。 从数据方面来看，认知边界管理超过1.6万家电商店铺、年管控销售额超1400亿元的真实电商运营数 据，将与汇通达线下下沉市场数据打通，构建行业内独特的"线上+线下+社群"全域数据中 ...

Core Viewpoint - Pinduoduo's new ten-year journey emphasizes a shift from rapid growth to social responsibility and long-term value creation, focusing on empowering industries and supporting farmers through substantial investments like the "billion-level" subsidy program [4][22][24]. Financial Performance - In Q3 2025, Pinduoduo reported revenue of 108.3 billion yuan, a 9% increase from 99.35 billion yuan in the same period last year, indicating a slowdown in growth compared to previous years [3]. - Online marketing services and other revenues reached 53.3 billion yuan, up 8% from 49.4 billion yuan year-on-year, while transaction service revenue was 54.9 billion yuan, a 10% increase from 50 billion yuan [3]. Strategic Initiatives - The "billion-level" subsidy initiative aims to alleviate burdens on small and medium-sized businesses and enhance the supply chain for agricultural products, marking a significant commitment to social responsibility [4][10]. - Pinduoduo's focus on "doing the right thing" reflects its commitment to creating value for users and supporting the agricultural sector, which is seen as a core area for growth and innovation [10][20]. Industry Transformation - The company is transitioning from a model focused on scale expansion to one centered on industry empowerment and social value creation, indicating a deeper understanding of its role in the market [5][23]. - Pinduoduo's initiatives in agricultural modernization, such as the "Multi-Channel Livestreaming" and "Digital Empowerment" programs, are reshaping traditional agricultural practices and enhancing market access for farmers [19][20]. Long-term Vision - As Pinduoduo enters its next decade, the focus will shift from merely increasing transaction volumes to fostering sustainable growth and social impact, with a commitment to long-term value creation [22][24]. - The company's leadership emphasizes that true growth involves not just financial metrics but also a clear alignment with societal needs and responsibilities [24].

业绩电话会上，拼多多集团董事长、联席CEO陈磊表示，"与十年前相比，我们的规模更大了，因此也必须肩负起更大的社会责任，社会公众利益和平台的 生态建设将是未来发展首要考虑的问题。我们将继续专注为用户创造价值的长期使命，投入更多类似「千亿扶持」等惠及供需两侧的战略项目，以更大的担 当反哺产业、回馈社会。" 若单纯以增速来看，拼多多最新的财报表现似乎难称亮眼。 11月18日，拼多多发布了截至9月30日的2025年第三季度财报。数据显示，拼多多该季度营收1083亿元，较去年同期993.5亿元增长9%。乍看之下，增速相 比上个季度有所回升，但与过往的成长性已不可同日而语。 将营收拆开来看，其中在线营销服务及其他收入为533亿元，较2024年同期的494亿元增长8%；交易服务收入为549亿元，较2024年同期的500亿元增长 10%。 受 "千亿扶持" 等重投影响，拼多多广告收入增速明显放缓到个位数，创下公司有史以来的最低纪录；而整体变现率的下滑，直接拖累了本季度的业绩表 现。 2025年对拼多多而言具有特殊意义——适逢创业十周年。从2015年以"拼单"模式切入电商赛道，到如今成为行业重要参与者，拼多多在十年间完成了从初 ...

智通财经APP获悉，2025年11月18日，汇通达网络(09878)宣布与专注电商及零售智能化的科技公司"认 知边界"签署股权收购协议。交易完成后，认知边界将成为汇通达控股子公司，其财务报表将正式并入 上市公司。此次并购，被视为汇通达加强自身"产业赋能"能力的重要资本动作，其面向下沉市场 的"5+赋能"体系与认知边界在"BI+AI"领域的领先能力深度耦合，将产生显著的1+1＞2价值倍增效应。 收购事项核心看点："5+赋能"叠加"BI+AI"，构建全栈式AI赋能体系 汇通达过去数年打造的"5+赋能"模型（+技术、+数据、+培训、+商品、+营销），本就是其区别于传统 To B平台的护城河。此次收购认知边界，为这五个部分同时注入"新能源燃料"，实现从"基础数字 化"到"全栈式AI智能化"的跨越式升级： 本次收购最亮眼的战略契合点在于：认知边界正是"BI+AI"深度融合的领先企业，而汇通达自2025年初 接入主流大模型、8月与阿里云达成全面合作后，正需要一个既懂电商又能快速落地的AI团队。双方强 强联合，在技术路线、客群结构、商业模式上的高度互补，将使汇通达在"零售产业互联网+AI"赛道建 立起难以撼动的领先壁垒。 ...

2025年11月18日，汇通达网络(09878)宣布与专注电商及零售智能化的科技公司"认知边界"签署股权收 购协议。交易完成后，认知边界将成为汇通达控股子公司，其财务报表将正式并入上市公司。此次并 购，被视为汇通达加强自身"产业赋能"能力的重要资本动作，其面向下沉市场的"5+赋能"体系与认知边 界在"BI+AI"领域的领先能力深度耦合，将产生显著的1+1＞2价值倍增效应。 收购事项核心看点："5+赋能"叠加"BI+AI"，构建全栈式AI赋能体系 汇通达过去数年打造的"5+赋能"模型(+技术、+数据、+培训、+商品、+营销)，本就是其区别于传统To B平台的护城河。此次收购认知边界，为这五个部分同时注入"新能源燃料"，实现从"基础数字化"到"全 栈式AI智能化"的跨越式升级： 第一是"+技术"，认知边界自主研发的AI智能体与BI系统，将与汇通达自研的、在2025年5月获得国家 网信办算法备案的"千橙云AI大模型"深度融合，形成更具零售场景落地能力的定制化Agent集群，直接 驱动25.1万家会员店的库存、周转、定价、选品等核心经营环节提效，预计单店经营效率会得到极大提 升。 第二是"+数据"：认知边界管理超过1 ...

以农业架起"连心桥"，中国与太平洋岛国的"山海情" 中新社北京11月20日电 (周昕)第五届中国—太平洋岛国政党对话会19日在北京举行。中联部部长刘海星 以及太平洋岛国政党政要和驻华使节出席。会后，记者对部分与会嘉宾进行了采访，"农业合作"成为受 访嘉宾频频提起的关键词。 作为发展中国家和全球南方的重要成员，中国与太平洋岛国虽远隔万里，但友好交往的脉络深深嵌入大 洋彼岸的土地上。受访的与会嘉宾表示，中国在岛国实施的农业技术援助项目，让更多作物得以茁壮生 长，也为双方关系架起了一座长久稳固的"连心桥"。 在基里巴斯、所罗门群岛等太平洋岛国，农作物常受天气、土壤质量等因素限制，甚至会因自然灾害遭 到严重破坏。 基里巴斯关爱基里巴斯党代理主席马雷亚向中新社记者介绍，当地部分地方已与中国在水果、蔬菜等种 植项目开展合作，中国技术援助不仅解决了蔬菜供应紧缺问题，还带动了当地就业，让更多家庭看到了 增收希望。 一场自然灾害更凸显合作的意义。瓦努阿图议会议长、领袖党议员菲利克斯回忆道，中国对当地农作物 在保存方法、处理工艺等方面的培训，让农户掌握了蔬菜二次处理的保存方法，这些加工后的食物在 2024年瓦努阿图地震后物资短缺 ...

本次产业交流会为中欧制造业合作搭建了高效沟通的桥梁，通过"政府搭台、企业唱戏"的开放协作模 式，系统推动双方合作从"单一项目对接"向"产业链生态共建"系统升级。 此外，作为"欧洲先进制造企业重庆行"的系列活动之一，重庆精心设计8条产业考察线路，组织欧洲企 业代表分赴两江新区、南岸区、长寿区、永川区、巴南区、沙坪坝区等区县，深入园区、企业、平台开 展对接，推动中欧合作从会议洽谈走向实地对接。 本次考察聚焦数字经济、智能网联新能源汽车、电子信息、先进材料、智能装备、生物医药、西部陆海 新通道等重庆优势产业领域，覆盖重庆市数字化城市运行和治理中心、长安汽车数智工厂、赛力斯超级 工厂等20余个代表性企业和平台。45家欧洲企业通过实地走访，全面了解重庆的产业生态、园区载体与 政策环境。 中新网重庆11月18日电 (梁钦卿)"欧洲先进制造企业重庆行"产业交流会18日在重庆举行。中欧知名企业 高管以及欧洲多国政府机构、商协会代表等近150名嘉宾参会，共同探讨智能网联新能源汽车、高端装 备、绿色转型等前沿领域，并聚焦产业赋能、生态共建等合作路径。 与会欧洲企业代表在发言中分享了在重庆的发展成果与未来规划，展现了深耕重庆市场的 ...

Core Viewpoint - The successful listing of Baima Tea on the Hong Kong Stock Exchange marks a significant milestone for the Chinese tea industry, reflecting strong investor confidence in leading enterprises within this sector [1][18]. Group 1: Listing Performance - Baima Tea's dark trading prior to its official listing saw a peak increase of 100%, with the opening price on the listing day at 80.1 HKD, representing a 60.2% increase and a market capitalization exceeding 7.195 billion HKD [1][2]. - The company achieved a record oversubscription of 2,684 times during the public offering, attracting 120 billion HKD in subscription funds, setting a new record for tea companies in Hong Kong [2]. Group 2: Market Position and Financial Performance - Baima Tea is recognized as the leading enterprise in the high-end tea market in China, holding the top position in various categories, including oolong and black tea, with over 3,700 retail stores nationwide [2][3]. - The company's revenue for 2022, 2023, 2024, and the first half of 2025 was 1.818 billion, 2.122 billion, 2.143 billion, and 1.063 billion CNY respectively, with net profits of 166 million, 206 million, 224 million, and 120 million CNY [3]. Group 3: Brand and Cultural Influence - Baima Tea possesses a national intangible cultural heritage status for its "Tieguanyin production technique" and has established a strong brand presence internationally through participation in significant diplomatic and cultural events [5][9]. - The brand has been ranked first in customer satisfaction among tea chain brands in China for three consecutive years, indicating its strong market recognition [5][7]. Group 4: Technological and Supply Chain Innovations - The company utilizes IoT technology to create a "smart tea garden," enabling real-time monitoring of environmental conditions to optimize cultivation processes [9]. - Baima Tea has implemented a fully automated production line and is a key player in the national industrial internet framework, ensuring comprehensive traceability in its supply chain [9]. Group 5: Investment Strategy and Future Outlook - The investment strategy focuses on the potential of the tea industry, emphasizing brand development, channel efficiency, and technological advancements to capture growth opportunities [15][17]. - Baima Tea's approach to integrating culture, channels, and technology positions it as a leader in overcoming the challenges of brand recognition in the tea sector [17][18].

Core Viewpoint - Eight Horses Tea Industry (八马茶业) has successfully listed on the Hong Kong Stock Exchange, experiencing a significant stock price surge on its debut, reflecting strong market interest and potential for growth in the tea industry [1] Company Overview - Established in 1997, Eight Horses Tea has developed a comprehensive sales system combining direct sales and franchising, as well as online and offline channels [1] - The company offers a wide range of tea products, including Oolong, black, red, green, white, and yellow teas, along with tea-related products [1] - Eight Horses Tea has been recognized as a "China Famous Trademark" since 2010 and its sub-brand "Xinjihao" will be recognized as a "Chinese Time-honored Brand" starting in 2024 [1] Franchise and Digital Strategy - The company has implemented a rigorous franchisee selection process and provides comprehensive support through its "Wealth Creation Academy" and 25 training bases [2] - The average annual sales per franchise store have increased from 8 million RMB in 2022 to 11.6 million RMB in 2024 [2] - Eight Horses Tea has established a strong online presence on major e-commerce platforms and has maintained top sales positions in various tea categories for several consecutive years [2] Production and Market Position - The company has built a 160,000 square meter smart industrial park, achieving a daily production capacity of 432,000 tea bags and reducing labor costs by 40% [3] - The tea industry in China is characterized by low concentration and a large number of small enterprises, with over 1.6 million tea companies operating as of 2024 [3] Financial Performance - Eight Horses Tea's revenue has shown consistent growth, with figures of 1.818 billion RMB, 2.122 billion RMB, 2.143 billion RMB, and 1.063 billion RMB from 2022 to the first half of 2025 [4] - The net profit has also increased, with net profit margins rising from 9.1% in 2022 to 11.3% in the first half of 2025 [4] - The company aims to expand its store network significantly, planning to add 1,500 new stores in the next three to five years [4]