近日，在挪威央行投资管理公司（Norges Bank Investment Management，下称NBIM）官方播客"In Good Company"中，挪威主权财富基金CEO Nicolai Tangen与淡马锡CEO 狄澜（Dilhan Pillay Sandrasegara）围绕淡马锡的策略与独特之处进行了讨论。在讨论中，狄澜分享了淡马锡的全 球投资方式、地缘局势如何影响投资策略以及淡马锡与国家治理之间的关系等话题。 淡马锡在全球13个办事处管理共计3500亿美元资产。据淡马锡于7月披露的2025财年报告，截至今年3月31日，淡马锡投资组合净值达4340亿新 元，创历史新高。 来源：淡马锡年度报告2025 为实现长期可持续的回报，穿越经济周期，淡马锡在不同地域和行业持有三大板块投资组合：1）总部在新加坡的淡马锡投资组合公司：包括 对本土企业的长期投资，淡马锡的持股比例不低于20%；2）全球直接投资：以少数股权投资为主，与四大机构性趋势相契合：数字化进程、 可持续生活、未来新消费和更长的寿命。3）与其他投资者或行业领军企业的合作投资项目、基金和资产管理平台，包括私募股权基金、私募 信贷、影响力投资和针 ...

Investment Highlights - "Xingmai Innovation" completed a new round of financing of 1 billion yuan, led exclusively by Meituan Longzhu, with participation from existing investors including Hillhouse Capital and Shunwei Capital [7] - "YOOUSI" raised several tens of millions in angel round financing, focusing on AI animation technology and content creation [8] - "Robopoet" secured several tens of millions in angel+ round financing, developing AI electronic pets with interactive capabilities [9] - "Second Life" announced a multi-million equity financing round, offering 3D printing services for personalized products [10] - "Weikuai Bupuo" completed 50 million yuan in Series A financing, focusing on entrepreneurship and social networking platforms [11] - "Suzhou Jingxi Zhiyu" raised several tens of millions in its first round of financing, aiming to enhance smart home appliance technology [12] Market Developments - "Butong Group," known as the "Apple of the baby industry," went public in Hong Kong with a market capitalization of 9.42 billion HKD, focusing on high-end durable baby products [13] - "M Stand" acquired Shanghai restaurant brand "RAC BAR" and opened its first concept store in Shanghai, expanding its lifestyle brand ecosystem [14][15] - "Naixue's Tea" is set to open its first store in the U.S. on October 3, following successful pop-up events in New York [17] - "Bawang Tea Ji" opened the world's largest "super tea warehouse" in Hong Kong, enhancing its market presence [18] Consumer Trends - In August, 27 chain coffee brands opened 3,904 new stores, with only 6 brands showing growth, indicating a concentration of market expansion among leading brands [30] - The price range for outdoor jackets shows significant differentiation, with products priced between 400-499 yuan dominating the market [31]

Core Viewpoint - The rising popularity of winter melon as a cooling method reflects a shift towards low-carbon, low-cost living among contemporary youth, emphasizing a return to traditional wisdom and a critique of modern consumerism [2][3]. Group 1: Market Trends - The trend of using winter melon for cooling is driven by an increasing demand for sustainable and low-cost cooling solutions, particularly among younger consumers [2][3]. - The extreme heat experienced this year has acted as a catalyst for the popularity of winter melon, but the underlying demand for eco-friendly cooling methods is a more significant trend [3]. - The market is responding to this green wave, with other natural cooling products like bamboo mats, cooling towels, mint sprays, and mung bean water gaining popularity [3]. Group 2: Health and Traditional Wisdom - The use of winter melon aligns with traditional Chinese medicine principles, particularly the idea of using cold to counteract heat, which is rooted in the philosophy of achieving balance [1][4]. - The cooling properties of winter melon are supported by its "sweet and cold" nature, which can alleviate common summer ailments such as loss of appetite and fatigue [1]. - However, individual differences in body constitution must be considered, as not everyone may benefit from prolonged contact with cold items like winter melon [1]. Group 3: Future Prospects - The future of natural cooling products appears promising, but challenges such as standardization and durability need to be addressed for long-term industry development [4].