智通财经APP获悉，据港交所11月27日披露， 宁波海上鲜信息技术股份有限公司(简称：海上鲜)递表港交所主板， SUNNY FORTUNE为独家保荐人。 | 纂 項下 编纂 數目 | : [編纂]股股份(視乎[編纂]行使與否而定) | [編纂]數目 | : [編纂]股股份(可予[編纂]) | | --- | --- | --- | --- | | [編纂]數目 | : 「 「縞纂】股 股 份（可 予 [ 編 纂 ] 及 視 乎 [ 編 纂 ] 行 使 | 與合而定) | | | 「編纂] : 不高於每股[編纂]港元,另加1.0% | [編纂]、0.0027 % 證 監 會[ 編纂]· | | | | 0.00015% 曾財局[編纂]及0.00565 % | 聯交所「編纂」（須於「編纂」時以港元繳足, | | | | 多繳股款可予退還) | : | 每股股份人民幣1.00元 | 面 | | 股份代號 | : [0] | | | | 理中口法 r · r 46 ] · r 46 ] · r | | | | 2022 財年 2023 財年 2024 財年 首八個月 首八個月 人民幣千元 人民幣千元 人民幣千元 人民 ...

Core Viewpoint - The 2025 Global Digital Economy Conference emphasizes the importance of strengthening multilateral cooperation, focusing on data security compliance, and promoting collaborative governance to build an open, trustworthy, and sustainable digital cooperation ecosystem [1]. Group 1: Digital Economy and Data Security - The global digital economy is reshaping development patterns with unprecedented breadth and depth, where data has become a key production factor driving a new round of economic growth [1]. - Small and medium-sized enterprises (SMEs) face challenges such as market selection difficulties, strict compliance requirements, and cumbersome implementation processes when expanding internationally, with a lack of digital trust and data security risks posing significant threats [1]. Group 2: Initiatives and Collaborations - The "APEC SME Information Technology Promotion Center Shanghai Office (under preparation)" was inaugurated, aiming to promote the information technology development of SMEs in the Asia-Pacific region [1]. - A strategic cooperation agreement was signed between the Hong Kong Cooperation Digital Ecology Exchange Association and JD Technology Group, indicating a collaborative effort to support SMEs in their international ventures [1]. Group 3: Local Development and Policy Framework - Putuo District is actively constructing an open and collaborative digital ecosystem, launching special policies for data development and establishing a digital public service network centered around Haina Town [2]. - Shanghai is exploring data security governance paths suitable for megacity characteristics, having implemented a comprehensive responsibility mechanism for data collection, ownership, operation, and usage [2]. Group 4: Expert Discussions - Experts from institutions such as Fudan University and the Shanghai Big Data Center engaged in discussions on strategies and experiences for building a digital trust cooperation system within the context of dual circulation development in the digital economy [3].

（原标题：哥伦比亚政府调整税改方案） 根据最新提案，原计划对燃油征税以增加26亿比索（约合69.5万美元）收入的条款被删除。在数字 经济领域，外资平台提供的数字服务税率将从目前的3%提高至4.5%，小额进口商品将逐步征收增值 税。烟草类产品的消费税将扩大至电子烟与加热烟草产品，并将根据通胀水平每年自动调整。餐饮业的 消费税同样分阶段上调。此外，为促进地区旅游业发展，人口不足20万的城镇酒店服务将获四年期增值 税豁免，相关企业可享受退税与补偿。 据哥伦比亚《共和国报》11月13日报道，哥伦比亚财政部与国会税改项目协调人近日重启税制改革 讨论，新方案重点调整消费类税率结构，取消部分燃油税收，并提高对酒精、烟草及数字服务的征税比 例。 ...

Core Viewpoint - The rapid development of technology and the widespread adoption of internet technology are transforming the consumer market, leading to the emergence of new consumption concepts and methods. Digital operations, utilizing big data, cloud computing, and artificial intelligence, are becoming essential for businesses to enhance competitiveness [1][8]. Group 1: Digital Transformation and Business Model - Jiangping Wealthy Merchant Digital Service Platform aims to break the limitations of traditional e-commerce platforms, providing a fair, transparent, and efficient digital operating environment for merchants and consumers [1][3]. - The platform promotes a new consumption model that emphasizes partnership and shareholder concepts, creating a win-win situation among consumers, merchants, and the platform [1][6]. - The company has developed an independent app and e-commerce platform, achieving deep integration of online and offline sales networks across the country [3][5]. Group 2: Health Beverage Sector - Jiangping Wealthy Merchant has expanded into the health beverage sector, becoming the national operating center for Guoyao Tianhong Baicao Qi Yu 7+1 craft beer, which is enriched with various health-promoting ingredients [3][5]. - The beer is positioned as a health drink suitable for the Chinese market, combining traditional brewing techniques with modern health concepts, developed over eight years by a large research team [3][5]. Group 3: Supply Chain and Marketing Strategy - The company has established a strong raw material supply chain and built cloud warehouses for rapid nationwide delivery, enhancing consumer experience with convenient one-piece shipping [5][8]. - Jiangping Wealthy Merchant collaborates with numerous hotels and specialty beverage stores in key regions, employing direct market expansion strategies and recruiting over 100 agents to enhance distribution [5][6]. Group 4: Consumer Engagement and Investment Opportunities - The consumption partner system allows consumers to view spending as an investment opportunity, transforming traditional shopping habits and promoting wealth growth through consumption [6][8]. - The company aims to help small and medium-sized enterprises achieve digital transformation, addressing challenges in survival, sales, and development while fostering a new economic model [8].

Core Insights - The National Internet Information Office has officially released the 14th batch of deep synthesis service algorithm filings, with Shanghai Yingfan Digital Technology Co., Ltd. successfully registering its "CBNData Consumer Category Trend Tracking Model Algorithm" [1] - This marks the second successful filing for Yingfan Technology this year, following the registration of the "Wanyou Financial Information Generation Algorithm" in March, indicating significant progress in algorithm development and compliance management [1][4] - The "CBNData Consumer Category Trend Tracking Model Algorithm" focuses on in-depth research of consumer trends, demonstrating advanced understanding and learning capabilities in specialized terminology and industry trends [1][4] Company Developments - Yingfan Technology has established a multi-dimensional service model around data elements and artificial intelligence technology, with over 40 self-developed vertical models, nearly 70% of which have achieved localized deployment [4] - The company has obtained over a hundred national invention patents and software copyrights, developed more than 20 intelligent products, and completed three data (product) intellectual property registrations [4] - In September, Yingfan Technology announced the completion of a 100 million yuan Series A financing round, clarifying its future development strategy centered on "AI for Infinity" [6] Industry Positioning - As a leading digital growth service group in China, Yingfan Technology is focused on deep exploration and efficient utilization of data elements, leveraging cutting-edge technology and high-quality products to provide comprehensive digital growth services [6] - The company actively expands into digital finance, digital consumption, digital culture, and digital health sectors, utilizing a combination of general models, vertical models, and expert models in AI applications [1][6]

Core Viewpoint - The successful registration of the "CBNDa ta Consumer Goods Trend Tracking Model Algorithm" by Shanghai Yingfan Digital Technology Co., Ltd. marks a significant advancement in the company's autonomous algorithm development and compliance management in the field of digital consumption services [1][3]. Group 1: Algorithm Development and Compliance - The "CBNDa ta Consumer Goods Trend Tracking Model Algorithm" focuses on in-depth research of consumer goods trends, demonstrating a strong understanding of industry terminology and trends [1]. - This is the second successful registration of an algorithm by Yingfan Technology, following the "Wanjun Financial Information Generation Algorithm" in March 2023, indicating a consistent commitment to algorithm compliance [1]. Group 2: Company Background and Strategy - Yingfan Technology, recognized as a "Science and Technology Reform Enterprise" by the State-owned Assets Supervision and Administration Commission, has been dedicated to providing comprehensive digital growth solutions since its inception [3]. - The company has developed over 40 proprietary vertical models, with nearly 70% deployed locally, and holds more than 100 national invention patents and software copyrights [6]. Group 3: Recent Developments and Future Plans - In September 2023, Yingfan Technology completed a financing round of 100 million yuan, reinforcing its strategic focus on "AI for Infinity" and launching the "Wanjun Engine: Asset Management Full Cycle Growth Intelligent Agent Swarm" [8]. - The company aims to enhance the intelligent service systems of financial institutions through advanced collaborative concepts, emphasizing the efficient utilization of data elements [8].

Core Points - The U.S. and Thailand have reached a joint statement regarding a framework for a bilateral trade agreement, focusing on tariff reductions and non-tariff barriers [1] - Thailand will eliminate tariffs on 99% of goods, covering all U.S. industrial products, food, and agricultural products, while the U.S. will maintain a 19% tariff on Thai goods, with some exceptions [1] - Thailand commits to addressing non-tariff barriers for U.S. industrial products, food, and services, including accepting U.S. standards and certifications [1] Tariff Summary - Thailand will remove tariffs on 99% of goods, impacting all U.S. industrial products, food, and agricultural products [1] - The U.S. will keep a 19% tariff on Thai goods, but certain items listed in a specific executive order will have zero tariffs [1] Non-Tariff Barriers - Thailand will accept U.S. manufactured vehicles that meet U.S. standards and U.S. FDA-approved medical products [1] - Thailand will expedite the entry of U.S. certified meat, poultry, and horticultural products into its market [1] - Thailand will not impose a digital services tax and will ensure the free transmission of data across borders [1] Trade Commitments - Thailand will purchase approximately $2.6 billion worth of U.S. agricultural products annually, including feed corn and soybean meal [1] - Thailand will also buy about $5.4 billion in U.S. energy products each year, including LNG, crude oil, and ethane [1] - An order for 80 U.S. aircraft is included, totaling $18.8 billion [1] Future Negotiations - The U.S. and Thailand will negotiate the "Reciprocal Trade Agreement" in the coming weeks, preparing for signing and domestic procedures to implement the agreement [1]

Group 1: Core Insights - The eighth China International Import Expo (CIIE) showcases global technological innovations, highlighting the intersection of "Digital CIIE" and "Smart Manufacturing Jiangsu" as a catalyst for new productivity and opportunities in AI and digital trade [1] - Jiangsu enterprises are actively engaging with multinational corporations in R&D collaboration, technology transfer, and market expansion, contributing to high-quality development [1] Group 2: Technological Innovations - DHL's participation features a four-legged robot designed for logistics, emphasizing the company's commitment to enhancing logistics capabilities in complex environments, supported by a $70 million investment in an aviation logistics project in Wuxi [2] - Panasonic's new climate control system, developed by its Suzhou team, aims to maintain six environmental parameters, showcasing the company's long-term collaboration with Jiangsu [3] Group 3: Digital Trade and Market Expansion - Dun & Bradstreet's new app "Longyi Cha" assists Jiangsu manufacturers in identifying reliable suppliers in Southeast Asia, integrating data from 850 million global companies to enhance local partnerships [4] - TÜV Austria has expanded its services to Jiangsu enterprises, facilitating their international expansion by providing necessary certifications and support [5] Group 4: R&D Collaboration and Sustainability - The CIIE serves as a platform for R&D cooperation, exemplified by Michelin's strategic partnership with the Yangtze River Delta Carbon Fiber and Composite Materials Innovation Center to develop non-tire composite materials [7] - The collaboration aims to promote high-end, low-carbon industrial development, with a focus on recycling and sustainability demonstrated through the use of low-carbon materials at the expo [7] Group 5: Digital Infrastructure and Industrial Transformation - Tiger Industrial Cloud, a digital infrastructure service provider, collaborates with Siemens to offer new digital services for industrial enterprises, focusing on external market needs and supply chain optimization [8]

Group 1 - The eighth Hongqiao International Economic Forum focused on "AI-Driven Digital Economy Innovation," emphasizing the need for international cooperation in digital technology innovation and sharing opportunities in the digital economy [1] - From January to August, China's digitally deliverable service import and export scale reached 2 trillion yuan, setting a new historical high, showcasing the vast potential and prospects of AI-driven digital economy innovation [1] - The Ministry of Commerce plans to strengthen AI innovation, deepen AI integration, and expand international cooperation to create a global governance framework for digital economy development [1] Group 2 - China's rapid digital economy development offers opportunities for other countries, with a focus on deepening cooperation in digital trade and AI with Indonesia, marking the 75th anniversary of diplomatic relations [2] - The cooperation between the central banks of China and Indonesia aims to enhance economic connectivity and support Indonesia's digital economy development through stability and low-cost solutions [2] - Bulgaria is actively participating in global economic transformation by creating a comprehensive system that supports sustainable AI development, integrating AI, scientific research, business, and education [2] Group 3 - Various innovative practices were shared at the forum, including insights on AI in digital transformation from Accenture and discussions on green technology from Grundfos [3] - The United Nations International Trade Centre released a report featuring 18 case studies from developing countries, providing actionable guidelines for policymakers and businesses [3] - A signing ceremony resulted in 24 import procurement agreements worth approximately 14.5 billion yuan between Zhejiang trading group and suppliers from 14 countries, covering advanced equipment, energy resources, and agricultural products [3]

Core Viewpoint - Alphabet Inc. plans to raise approximately $22 billion in bonds in the U.S. and European markets, highlighting a new financing cycle in the tech industry driven by the AI arms race [1][4] Group 1: Bond Issuance Details - Alphabet aims to issue about $15 billion in bonds in the U.S. and has initiated a €6.5 billion (approximately $7.48 billion) bond issuance in euros, with the dollar bond issuance attracting around $90 billion in subscription demand [1][3] - The bond issuance will be divided into up to eight parts, with maturities ranging from 3 to 50 years, and the longest maturity may yield approximately 1.35 percentage points higher than U.S. Treasury bonds [3] - The euro bond issuance exceeded expectations by €250 million, with the 3-year euro bond spread at 25 basis points above the benchmark rate and the 39-year portion at 158 basis points [3] Group 2: Financial Performance and Capital Expenditure - Alphabet's Q3 revenue surpassed $100 billion for the first time, with a 13% year-over-year increase in revenue (excluding traffic acquisition costs) to $87.5 billion, marking the highest growth rate since early 2022 [1][2] - The company reported a 34% surge in cloud revenue, exceeding $15 billion, positioning it as the second-largest revenue source after search advertising [1][4] - The management raised the capital expenditure forecast for the year from $85 billion to a record $91-93 billion to accelerate AI development and data center construction, significantly above market expectations of $80.67 billion [2] Group 3: Market Trends and Implications - The trend of tech companies raising debt is impacting corporate bond valuations, with the average spread of U.S. investment-grade bonds rising by 2 basis points to 78 basis points [2][5] - The issuance wave is becoming a trend in the tech industry, with Oracle and Meta also recently announcing significant bond issuances [4][5] - Analysts suggest that the recent bond activities related to AI may lead to a slight widening of spreads, but strong corporate earnings and attractive yields make a large-scale sell-off unlikely [5]