2025年12月25日，由南都湾财社、全球青年跨境協會、出海网联合主办的"智造出海・跨境向新"湾区跨 境出海论坛 &"海上之夜"私享会，在深圳蛇口正式启幕。全球青年跨境協會（以下简称"協會"）中国区 会长龙淑贞出席此次论坛，并发表致辞。 龙淑贞：青年是引领跨境未来的生力军 龙淑贞表示，当前，跨境电商已不仅是商品的跨境流动，更是品牌、技术、供应链与生态资源的综合竞 争，是全球青年创业者融入世界经济、攀登价值链上游的重要通道。然而，出海企业必须清醒地认识 到，行业正面临深刻变革：流量红利逐渐平稳，合规要求持续提高，国际竞争愈发激烈。在此背景下， 如何于2026年及更远的未来，以"本土化深耕"应对挑战，以"生态整合"把握机遇，已成为行业共同探索 的核心课题。 龙淑贞称，全球青年跨境協會始终将赋能青年、链接资源、推动跨境生态的协同发展视为使命。在接下 来的一年中，協會将更加聚焦本土化运营与青年跨境电商能力建设，整合多方力量，推动政策衔接、平 台赋能、服务优化与人才培养的深度融合。協會计划通过系列专项工作坊、本土化实践案例库、生态合 作伙伴计划等具体举措，构建一个真正高效、包容、支持青年跨境创新与可持续发展的资源网络。 ...

争夺定义权 "过去我们卖车，参数就是武器。如今参数退居幕后，场景走向前台。"某新势力品牌产品经理陈哲（化名）指出，这场变革的核心在于"定义权"的转 移。在传统汽车时代，定义权掌握在工程师手中，产品功能由技术可能性推导而来；而在场景创新时代，定义权逐渐向用户和生活场景倾斜。 当前，汽车不再仅仅是移动工具，而是演变为满足办公、娱乐、休憩乃至户外探险等多元需求的智能空间。车企的角色也随之发生转变，从单纯的硬 件提供者变为特定场景解决方案的提供商。这一变化的背后，是用户需求的深层跃迁——从功能满足升级到情感共鸣。然而，这场创新浪潮也面临着边界 与极限的考验：场景创造是否会有尽头？当所有车企都在讲述场景故事时，真正的差异化又该如何构建？这促使行业在无限想象与真实需求之间探寻可持 续的平衡点。 仪式感的营造，则进一步将场景创新推向美学与文化的层面。有些车型在车主接近时，车灯会投射出专属的迎宾光毯；有些车型提供超大全景天幕， 并强调其能有效隔绝紫外线与红外线，旨在将车内空间转化为一个舒适、通透的"个人港湾"。这些设计在功能之上，赋予了用车过程独特的仪式价值，以 期在硬件同质化的时代建立独特的情感连接。 然而，情感体验的度量 ...

AI眼镜"百镜大战"背后，是巨头们怕错过下一代入口的集体焦虑驱动的生态豪赌，胜负手不是硬件参 数，而在于对垂直场景的闭环构建与物理世界数据的掌控。 和数年前不同，如今的AI眼镜赛道已不再是少数极客玩家的试验场，而变成一场没有喘息机会的马拉 松。谷歌Glass项目重启、阿里连发六款新品，连车企理想也来凑热闹。巨头扎堆入场，机海战术重 现。 资本狂热与市场冷静形成鲜明对比，一边是全球AI眼镜市场规模预计在2025年达到42亿美元，同比增 长67.2%，另一边却是消费者仍徘徊在观望与尝试之间。 真正的问题是，这场由技术与资本共同推动的硬件狂欢，究竟是智能交互的必然进化，还是又一次被过 度炒作的概念泡沫？是能颠覆人机交互的下一代超级终端，还是重蹈当年谷歌眼镜叫好不叫座覆辙？ 现象：巨头为何集体"戴眼镜"？ 最新数据显示，2025年第一季度全球智能眼镜出货量达到148.7万台，同比暴涨82.3%，中国市场增速更 是高达116.1%，交出49.4万台的成绩单。 2025年尾声的AI眼镜赛道，用群雄逐鹿来形容毫不为过。 短短一个月内，夸克连续发布6款AI眼镜，覆盖从消费级到专业场景；谷歌也悄然重启Glass Enterpr ...

Core Insights - The personal pension system in China has completed a significant transition from "breaking the ice" to "growing" in its three years of implementation, with over 72 million accounts opened [1][6] - Banks are shifting their strategy from merely acquiring new accounts to focusing on customer retention and activity, moving towards a "deposit battle" rather than an "account opening battle" [3][8] - The current market still faces challenges with a high number of opened accounts but low actual deposit activity, indicating a gap between user engagement and long-term pension planning [7][8] Group 1: Market Development - The personal pension system was officially launched on November 25, 2020, starting in 36 pilot cities, and has since expanded nationwide, with 72.79 million accounts opened by the end of November 2024 [6] - The product supply system has diversified, now including savings deposits, wealth management products, commercial pension insurance, and public funds, with a total of 926 products available [6] Group 2: Competitive Strategies - Banks are increasingly implementing promotional activities to encourage deposits, such as offering cash rewards and incentives for initial contributions [4][5] - For example, Industrial and Commercial Bank of China (ICBC) and China Construction Bank have launched various promotional campaigns to attract new customers and encourage initial deposits [3][4] Group 3: Customer Engagement Challenges - Despite the attractive promotional activities, many customers are only motivated by short-term incentives rather than developing a long-term savings habit [5][8] - The phenomenon of "easy account opening but difficult deposits" reflects a deeper conflict between the long-term nature of pension funds and the short-term behavior preferences of users [8] Group 4: Future Directions - To build a sustainable customer retention mechanism, banks need to focus on providing professional services and deep engagement rather than just financial incentives [5][9] - The long-term success of banks in the personal pension market will depend on their ability to offer robust asset allocation, digital services, and integrated solutions that encompass various aspects of retirement planning [8][9]

Core Insights - The recent IPOs of Xiaoma Zhixing and Wenyuan Zhixing in Hong Kong have raised over 10 billion HKD, but their stock prices have declined significantly, raising concerns about the future of the autonomous driving sector [1][2] - The low stock performance is attributed to the high cash burn nature of the autonomous driving industry, with investors adopting a cautious stance due to the current unfavorable market environment for tech companies [1][2] Company Analysis - Xiaoma Zhixing focuses on providing autonomous driving technology and solutions for global mobility and logistics, while Wenyuan Zhixing has a broader service portfolio covering RoboTaxi, autonomous minibuses, freight vehicles, and sanitation vehicles [2] - Both companies are in the early stages of technology validation and commercialization, with profitability dependent on multiple factors including technological maturity, policy openness, cost control, and market demand [2][3] Market Dynamics - The RoboTaxi industry is facing intense competition, with major players like XPeng Motors and Baidu entering the market, which increases the pressure on existing companies [4][5] - The entry of large corporations is leading to a market reshuffle, with smaller players like AutoX suspending operations due to the competitive landscape [5] Future Outlook - The global RoboTaxi market is projected to grow from 4.4 billion USD in 2025 to 88.9 billion USD by 2034, with a CAGR exceeding 50%, and China expected to become the largest single market [6] - Policy support is crucial for the development of the RoboTaxi industry, with new regulations in China set to facilitate commercial operations [6] Strategic Considerations - Differentiated strategies are essential for companies to navigate the competitive landscape, with Xiaoma Zhixing focusing on major domestic cities and Wenyuan Zhixing pursuing global expansion [6][7] - The ability to integrate technology, establish stable traffic sources, and produce low-cost vehicles will be key to achieving sustainable profitability in the long term [7]

Core Insights - Apple is transitioning its iPad and MacBook Air to OLED screens, with the iPad Air expected to launch in Spring 2026 and the MacBook Air in 2028, marking a significant shift in its product lineup [3][4][12] - The move to OLED is driven by competitive pressure from Android manufacturers, which have been offering high-refresh-rate screens and advanced features at lower price points [5][6][7] - The change to OLED screens is not just a hardware upgrade but a strategic response to market demands and user expectations for better display quality [7][10] Market Dynamics - In 2024, Huawei leads the Chinese tablet market with a 32.3% share, while Apple's share has dropped to 26.6%, down from 33.6% in 2023, indicating a need for Apple to reassess its competitive strategy [6] - The overall tablet market in China is expected to grow by 4.3% in 2024, highlighting the competitive landscape that Apple must navigate [6] Product Strategy - The introduction of OLED screens will redefine the positioning of Apple's iPad lineup, with the iPad Air becoming a key player in the mid-range segment, while the Pro models will cater to professional users [12][13] - Apple's strategy involves maintaining a clear distinction between its iPad and Mac product lines, despite the increasing overlap in functionality and performance [15][16][18] - The company aims to enhance the user experience through software updates and ecosystem integration, while still prioritizing touch functionality over a full merger with macOS [18][19]

Core Insights - The automotive industry is witnessing a shift from "scale competition" to "value breakthrough," as indicated by the recent sales data and corporate actions [1][8] Group 1: Market Performance - In October, the retail sales of passenger cars reached 2.387 million units, a year-on-year increase of 6% [1] - The retail sales of new energy vehicles (NEVs) reached 1.4 million units, marking a year-on-year growth of 17% [1] Group 2: Capital Dynamics - Seres completed its IPO in Hong Kong, achieving the largest scale for a car company IPO this year, with a market value exceeding HKD 220 billion despite initial share price drop [3] - Seres reported a net profit increase of 31.56% to CNY 5.312 billion for the first three quarters, but a 1.74% decline in profit for the third quarter, highlighting the industry's common issue of "increased revenue without increased profit" [3] - The reliance on Huawei's ecosystem is significant, with the sales revenue from the AITO brand projected to rise from 60.3% in 2022 to 90.9% in 2024 [3] Group 3: Technological Developments - XPeng Motors released its Robotaxi technology roadmap, aiming to enhance its competitive edge in high-level autonomous driving, despite facing challenges in data accumulation and deployment [5][6] - The industry is increasingly focusing on intelligent technology, with companies like Tesla and Huawei leading in data-driven advancements [6][7] Group 4: Ecosystem Integration - JD.com, in collaboration with GAC Group and CATL, launched the "National Good Car," aiming to transform automotive retail through an online customization and offline quick pickup model [8] - The new vehicle utilizes CATL's fast battery swap technology, addressing key consumer pain points related to charging efficiency [8] - JD.com aims to create a comprehensive service ecosystem covering the entire lifecycle of vehicle ownership, contrasting with traditional sales models [8][9] Group 5: Industry Trends - The capital differentiation in the NEV sector is becoming more pronounced, with some companies facing financial difficulties while leading firms secure significant funding [4] - The shift in policy focus from subsidies to technology excellence is expected to accelerate the exit of companies lacking core technologies [6][9] - The competition in the automotive industry is evolving from product delivery to full lifecycle services, necessitating a balance between scale expansion and value creation [9][10]

Core Insights - Luoyang Molybdenum Co., Ltd. has successfully positioned itself as a global mining giant, becoming the world's largest cobalt producer in 2023 and entering the top ten copper producers in 2024 [3][12][15] - The company's net profit for the first three quarters of this year reached 14.28 billion yuan, marking a fivefold increase compared to the entire year of 2020 [5][16] - Luoyang Molybdenum's market capitalization ranks 12th globally among mining companies and 2nd in China [6] Company Performance - The company has seen continuous growth in operating performance, with net profit increasing from 2.3 billion yuan in 2020 to an expected 13.5 billion yuan in 2024 [16] - Copper production increased from approximately 210,000 tons in 2020 to 420,000 tons in 2023, while cobalt production rose from 15,400 tons to 55,500 tons in the same period [12][16] - The company has achieved a 14% increase in copper production in the first three quarters of 2025, reaching 540,000 tons [15] Strategic Development - The successful development of the TFM and KFM mines in the Democratic Republic of Congo has been pivotal for the company's growth, attributed to strategic acquisitions made during the 13th Five-Year Plan [10][11] - The company plans to invest up to 1.084 billion USD in the KFM Phase II project to enhance its mining and processing capabilities [27] - Luoyang Molybdenum aims to reach a copper production capacity of 800,000 to 1,000,000 tons by 2028 [27] Market Dynamics - The copper market has been in a bullish phase since 2021, with prices rising from 7,750 USD per ton at the end of 2020 to a peak of 11,000 USD per ton [16] - The company has faced geopolitical risks, including disputes over mining rights and export restrictions in the DRC, but has managed to navigate these challenges effectively [17][21] Community Engagement - Luoyang Molybdenum has invested 184 million USD in community development projects since the operation of the TFM mine, focusing on education, healthcare, and infrastructure [25] - The company has received certification from The Copper Mark, indicating compliance with various social and environmental standards [25] Global Strategy - The company is enhancing its operational efficiency and risk management through global collaborations, leveraging partnerships with international suppliers to improve service delivery [23][34] - Luoyang Molybdenum's approach reflects a shift from resource acquisition to ecological integration, emphasizing sustainable practices and community development [33][35]

Core Viewpoint - JD.com has announced a collaboration with GAC Group and CATL to launch the "National Good Car," sparking speculation about JD.com's entry into car manufacturing, which the company quickly clarified it is not directly involved in manufacturing but focuses on consumer insights and exclusive sales [1][3]. Group 1: Collaboration Overview - The partnership is seen as a culmination of JD.com's ten-year strategy in the automotive sector, reflecting the ambition of internet platforms to reshape the traditional automotive industry [3]. - The collaboration involves three major players: JD.com (e-commerce), GAC Group (vehicle manufacturing), and CATL (battery technology), forming a notable "iron triangle" [4]. Group 2: Roles and Responsibilities - GAC Group is responsible for vehicle manufacturing, ensuring compliance with safety standards and providing a dedicated electric vehicle platform [5]. - CATL focuses on addressing "range anxiety" by supplying battery technology and supporting the battery swapping ecosystem [6]. - JD.com positions itself as an "ecosystem integrator," concentrating on user demand insights and sales channel operations, aiming to connect the entire production to service chain [6]. Group 3: Strategic Background - JD.com's interest in the automotive sector dates back to 2015 when founder Liu Qiangdong invested in NIO, leading to a systematic approach in the automotive industry, including launching a vehicle trading platform and establishing an independent automotive division [8]. - The company aims to redefine what consumers want in vehicles, leveraging user research to influence vehicle design and features [10]. Group 4: Advantages and Challenges - JD.com's strengths include vast consumer data and a comprehensive online sales network, with nearly 3,000 car service stores and over 40,000 partner stores nationwide [15]. - However, challenges exist in areas such as vehicle maintenance, test drive management, and after-sales service, where JD.com lacks experience [17][18]. Group 5: Business Model Comparison - JD.com adopts a different approach compared to other tech companies like Xiaomi and Huawei, focusing on an "ecosystem integration" model rather than direct manufacturing [20]. - This asset-light model may seem less risky but poses challenges in quality control and technological adaptation [21]. Group 6: Future Implications - The success of this collaboration will depend on various factors, including JD.com's ability to create a "car consumption ecosystem" that encompasses the entire customer journey from selection to after-sales service [23][24]. - If successful, JD.com could redefine the sales and service model in the automotive industry, making car buying as convenient as purchasing a smartphone [27].

Group 1: Industry Overview - The global AI industry is undergoing a significant restructuring focused on ecosystem integration, highlighted by major investments and partnerships such as NVIDIA's $5 billion stake in Intel and OpenAI's $300 billion computing order with Oracle [2] - The transactions illustrate a clear layout of the US AI industry chain, emphasizing a closed-loop construction of "chip-computing model-application" through vertical integration [2] Group 2: Huawei's Strategic Positioning - Huawei's recent announcements at the 2025 Global Connectivity Conference are seen as a high-profile return after years of uncertainty due to sanctions, showcasing its advanced AI computing capabilities with new Ascend chips and supernodes [4] - Huawei has developed a non-linear competitive path to world-class AI computing by leveraging its strengths in system engineering and connectivity technology, shifting focus from single-chip performance to overall system performance [5] Group 3: Importance of Computing Power - Computing power is now recognized as a critical strategic resource for national economic futures, serving as the core infrastructure and "engine" of the AI era, essential for digital economic growth and the transformation of traditional industries [6] - The demand for intelligent computing is growing exponentially, outpacing general computing, and is becoming a key indicator of a country's digital economic development [6] Group 4: Challenges and Innovations - Huawei faces significant structural challenges in achieving AI leadership, particularly due to sanctions limiting access to advanced semiconductor processes, resulting in a performance gap compared to NVIDIA [6][7] - In response to these challenges, Huawei has proposed a new architecture focused on system engineering capabilities, emphasizing the importance of data communication efficiency among multiple processors rather than just single-chip performance [8] Group 5: Hardware Developments - Huawei has introduced specific hardware products like the Atlas 950 SuperPoD and Atlas 960 SuperPoD, capable of supporting thousands of Ascend cards, designed to function as a cohesive computing unit [9] - These supernodes can be combined into larger clusters, with the Atlas 950 SuperCluster exceeding 500,000 cards and the Atlas 960 SuperCluster reaching over one million cards, creating a highly integrated and low-latency computing environment [11] Group 6: Ecosystem Development - The success of Huawei's hardware relies on building a robust software ecosystem, with a clear business model that encourages open-source development to lower barriers for developers and partners [12] - Huawei aims to foster a self-sustaining AI ecosystem by addressing the inertia of developers accustomed to existing platforms, calling for collective efforts within the industry to overcome early migration challenges [13] Group 7: Strategic Implications - The focus of Huawei's strategy has shifted from general digital transformation to reconstructing and leading AI computing infrastructure, marking a fundamental change in strategic priorities [15] - If successful, Huawei's strategy could lead to a bifurcation in the global AI infrastructure market, challenging the dominance of NVIDIA and creating a new competitive landscape centered around Huawei and its Ascend ecosystem [16]