【环球时报驻韩国特约记者 黎枳银】一场原本围绕演唱会观演礼仪的争论，正迅速演变为东南亚与韩 国网民之间的大规模舆论对立，并外溢成"抵制韩流"的网络行动。 综合韩联社、《韩国经济》等韩媒27日报道，此次事件源于今年1月在马来西亚吉隆坡举行的韩国乐队 DAY6演唱会。一名韩国粉丝当时因携带并使用明令禁止的长焦相机进行拍摄，被现场工作人员制止。 相关画面在社交平台传播后，马来西亚网民批评这名韩国粉丝遮挡他人视线、影响他人观演体验。 数日后，一名马来西亚网民上传涉事韩国粉丝的侧脸照片，舆论进一步发酵。随后，自称当事人的韩国 网民公开道歉，但争议并未平息，分歧焦点也随之转移。部分韩国网民批评马来西亚人"未经允许公开 普通人照片"的行为，认为这已经构成网络霸凌。东南亚网民则认为问题核心在于韩国粉丝违规拍摄。 双方各执一词，冲突迅速升级。 随着舆论持续发酵，一些东南亚网民开始使用"#SEAblings"标签表达团结。该词由"东南亚 （SEA）"与"兄弟姐妹（siblings）"组合而成，原本用于强调东南亚地区的内部团结，此次被赋予了"共 同应对韩国网民攻击"的新含义。 在激烈的网络交锋中，部分东南亚网民讽刺韩国为"整容国家 ...

面对种种困境，新人独立乐队该如何破局？ 彭涵轩是"漫波罗泽"乐队的主唱，同时也是录音师，配唱制作人。作为乐队唯一全职在做音乐的成员，彭涵轩表示"基本上是靠着做幕后的收入来维持他 在台前的支出。" 在成功举办的2025-2026音乐财经内容投资年会论坛上，独立音乐人、平面设计师詹盼，漫波罗泽乐队贝斯手郝宸希，漫波罗泽乐队主唱彭涵轩，1724唱 片负责人牛磊，以及主持人音乐财经执行主编刘蒙蒙，就"从新专到巡演，独立乐队的破局之路在哪里？"这一议题展开了深度对话。 宣发难、成本高、市场下行，独立乐队的生存困境 "其实做好了会亏损的打算，但没想到今年的情况是如此严峻。" 发一张新专辑，办一场全国巡演。 这是每一支独立乐队宣发新作品，进而与乐迷互动的常规路径。然而，在当下的市场环境中，这条路正变得异常崎岖。 漫波罗泽乐队主唱 彭涵轩 抛开音乐内容本身，宣发难、成本高、市场内卷......种种条件的掣肘，让许多新人独立乐队在起步阶段就走得异常艰难。 在谈及刚结束的2025年全国巡演时，漫波罗泽乐队主唱彭涵轩坦言。作为一支在圈内颇具口碑、刚刚发行了新专辑的独立乐队，他们在线下市场遭遇的困 境，这句话揭示了当下新生代乐队在l ...

高盛发布研报称，春节线下娱乐呈现分化趋势，优质的现场内容供应才是娱乐消费的核心驱动力。今年 春节，旅游消费同比增长19%，而电影票房表现平淡，仅达57亿元人民币，同比下滑40%，回归疫情前 水平。此现象由于今年缺乏优质作品，相较于2025年春节档期票房48亿元人民币的《哪吒2》。 展望未来，该行认为游戏领域中，腾讯、网易核心经典游戏凭借持久的IP优势将维持强劲表现，新游戏 供应日益增加且海外扩张成为关键增长引擎。娱乐产业竞争格局方面，快手/哔哩哔哩-W(09626)业务基 础稳固且具AI潜力，而音乐/直播业务面临更激烈竞争。 在个股层面，随着近期股价因人工智能颠覆性影响及竞争忧虑而修正，该行观察到部分企业当前股价已 逼近其五年市盈率区间的低端，例如腾讯控股(00700)15倍、网易-S(09999)13倍、快手-W(01024)10倍， 但预期2026年每股盈利将实现高单位数至低双位数的同比增长。 ...

展望未来，该行认为游戏领域中，腾讯、网易核心经典游戏凭借持久的IP优势将维持强劲表现，尽管新 游戏供应日益增加且海外扩张成为关键增长引擎，但AI模型对游戏发行/营运的影响有限。娱乐产业竞 争格局方面，快手/哔哩哔哩业务基础稳固且具AI潜力，而音乐/直播业务面临更激烈竞争。 格隆汇2月26日｜高盛发表报告指，春节线下娱乐呈现分化趋势，优质的现场内容供应才是娱乐消费的 核心驱动力。今年春节，旅游消费按年增长19%，而电影票房表现平淡，仅达57亿元，按年下滑40%， 回归疫情前水平。此现象由于今年缺乏优质作品，相较于2025年春节档期票房48亿元的《哪吒2》。 在个股层面，随着近期股价因人工智能颠覆性影响及竞争忧虑而修正，该行观察到部分企业当前股价已 逼近其五年市盈率区间的低端，例如腾讯15倍、网易13倍、快手10倍，但预期2026年每股盈利将实现高 单位数至低双位数的按年增长。 ...

Group 1 - A-shares experienced a rise before the holiday, with the Shanghai Composite Index up 0.41%, the Shenzhen Component Index up 1.39%, and the ChiNext Index up 1.22% [1] - After the Spring Festival, the A-share market is expected to trend upwards due to policy expectations, liquidity support, and industry trends, with a focus on policy-driven opportunities [1] - Key sectors to watch include non-competitive concepts benefiting from improved supply-demand dynamics, such as precious metals, oil and petrochemicals, and basic chemicals [1] - The AI and robotics sectors are anticipated to show structural highlights post-holiday, driven by increased attention during the Spring Festival [1] Group 2 - The Spring market is expected to continue, with price increases being a core focus for the first quarter, as AI technology leads to a significant expansion in code generation [2] - Industries are categorized based on physical dependency and regulatory barriers, indicating a widening gap in returns between beneficiaries of physical scarcity and those affected by code expansion [2] - The A-share market is less impacted by AI disruptions compared to US and Hong Kong markets, maintaining a positive sentiment for continued investment [2] Group 3 - The media sector is poised to benefit from new AI applications, with 2026 being a pivotal year for AI integration in media, enhancing digital marketing and content generation [3] - The Spring Festival showcased AI's potential, leading to increased public awareness and interest in technology applications within the media sector [3] Group 4 - A "red envelope market" is anticipated post-holiday, driven by external uncertainties and a favorable exchange rate for the Chinese yuan, which may enhance long-term investment in Chinese assets [4] - The technology sector is expected to see a boost from various catalysts released during the Spring Festival, raising expectations for a tech-driven market [4] Group 5 - The market is currently in a strong oscillation phase, with mixed signals from overseas markets, indicating a cautious approach to trading [5] - The A-share market is expected to experience a trendless opening post-holiday, with a focus on sectors like AI applications and robotics that have shown potential [6] - A "systematic slow bull" opportunity is still favored, with recommendations to hold positions in relatively undervalued sectors such as securities, building materials, and banks [6]

作者：艾布拉姆・布朗 单从表面来看，科技界有头有脸的人物都想在人工智能领域分一杯羹。而聪明的人会扪心自问：自己选 定的赛道是否真的具备潜力。 我承认，没人能百分百确定，但我想到了一个万无一失的判断方法：环顾四周，问问自己 ——谷歌来 了吗？它是不是想把你挤走？ 自从 ChatGPT 的问世打了谷歌一个措手不及后，这家加州山景城的科技巨头便奋起直追，近期更是展 现出永不停歇的进取姿态。就在本周，谷歌将矛头直接对准了音乐行业，在其 Gemini 聊天机器人中推 出全新功能，可生成 30 秒音乐片段，还能自定义歌词和音频。在此之前，Gemini 已在图像生成等领域 实现技术突破，一举跻身顶尖聊天机器人行列。 这项全新的音乐生成功能，足以让 Spotify 以及 Suno、Udio、Klay 等一众 AI 音乐初创公司心惊胆战 —— 这些初创企业累计融资已达约 4 亿美元。 诚然，谷歌向来并非音乐行业的主要玩家，旗下 YouTube Music 也鲜少被人关注。但当下的行业格局早 已颠覆过往，别忘了：谷歌刚刚与苹果达成协议，为其提供 AI 技术。而苹果在音乐领域可谓根基深 厚。如此一来，苹果音乐或许能借助谷歌 AI， ...

Core Insights - The new album "Two Moons" by Chinese guzheng artist He Beibei was officially released on February 20, 2023, in collaboration with London producer Paul Elliott, aiming to revitalize traditional string sounds within contemporary electronic music contexts [1][2] - He Beibei and Elliott prefer low-fidelity and analog sounds over the mainstream electronic music's focus on high precision and polished production, incorporating natural imperfections like tape saturation and subtle noise into the album [1] - The album features various traditional instruments such as erhu, sheng, dizi, sanxian, and zhongruan, which are integrated into different tracks to enhance melody, rhythm, and spatial dynamics, breaking the limitations of combining a single guzheng with electronic music [1] Album Details - The album consists of seven tracks: "Two Moons," "Cloud Mountain Song," "Dreamy Shanghai," "Silk Banquet," "Red in the Spotlight," "Soaring in the Snow," and "Midnight Grotesque" [2] - Prior to its official release, the album won the silver award for "World Fusion Music Album" at the 2025 Global Music Awards [2]

另一首优美动听的美国传统民歌《日升之屋》，在1964年被英国"动物"乐队翻唱后走红。这首略带伤感 的歌曲讲述了在新奥尔良有一所"日升之屋"，人们进去后就无法逃脱，即使"我一只脚踏在站台上，另 一只脚踏在火车上"，最终还是"我要回到新奥尔良，戴上那沉重的枷锁"。"日升之屋"的魔力是什么？ 可能是诱惑、深渊……或者就是一个人为自己制造的枷锁，并钻进去。人们钻进的另一所"日升之屋"就 是五星级的"加州旅馆"。"老鹰"乐队在歌中给人们展示的旅程几乎是让你一路无从选择，一步步进入这 家迷人的酒店。这是一座如此美好的酒店，永远有足够的房间，一年四季你随时入住，这里可能是天 堂，也可能是地狱。酒店里永远有俊男美女开Party，你可以纵情声色。这里的人都是囚徒，困于自设 的牢笼之中。当然，你随时可以办理退房手续，但你永远无法离开…… "老鹰"乐队从来没有公开解释过这首歌到底唱的是什么，或是暗指什么。可能每个人都是行驶在漆黑沙 漠公路上的那辆车，车上载着一生的愿望，却在迷迷糊糊的香气中驶入了那家"加州闹鬼酒店"。 上世纪30年代，美国乡村歌曲流行一股恐怖题材风潮，犯罪、谋杀主题的歌曲比比皆是。但像《家乡的 青草地》这样视角独特 ...

Core Viewpoint - The band ZaZaZsu expresses joy and gratitude for Faye Wong's rendition of their song "You and I Experience a Moment," highlighting the ethereal quality of her performance and its impact on their original work [1][4]. Group 1: Song Background and Reception - "You and I Experience a Moment," originally titled "A Century of Rivers is Just You and I Experiencing a Moment," was created by the duo ZaZaZsu, formed in 2017 [4]. - The song gained significant recognition after being performed by Faye Wong at the Spring Festival Gala, achieving over 100,000 collections on major music platforms within three days [4]. - The band members, Ma Yi and Cheng Jinyuan, both from Peking University, emphasize their non-professional music backgrounds and their dedication to authentic expression in the independent music scene [4][6]. Group 2: Creative Process and Inspiration - The emotional foundation of "You and I Experience a Moment" is centered on themes of eternity and loneliness, rather than being a love song [6]. - The song's creation involved a unique process where the title was developed before the melody, showcasing a reverse writing approach [8][10]. - The band members reflect on their creative journey, noting that their writing process is iterative and often involves significant time for reflection and revision [12][14]. Group 3: Industry Insights and Future Outlook - The band acknowledges the challenges and opportunities presented by mainstream exposure, expressing a desire to remain true to their artistic vision despite external pressures [6][17]. - They discuss the potential impact of AI on music creation, asserting that genuine human expression will always resonate differently than algorithm-generated content [17][18]. - The duo encourages other independent musicians to persist in their creative endeavors, emphasizing the importance of authentic self-expression [17].

Core Viewpoint - The competition in the AI sector during the Spring Festival has overshadowed the music industry, where ByteDance's "Soda Music" is rapidly gaining market share, posing a significant threat to NetEase's "NetEase Cloud Music" [2][44]. Group 1: Market Dynamics - The top four free apps on the App Store are all AI-related, while "Soda Music" ranks fifth, indicating a shift in user interest towards AI applications [2]. - "Soda Music" has reached nearly 140 million monthly active users, growing from 120 million to 130 million between September and November 2025, representing a year-on-year increase of 90.7% [6]. - The daily active users of "Soda Music" have surpassed those of "NetEase Cloud Music," which has only seen a 1.5% year-on-year growth in monthly active users, indicating stagnation after over ten years of operation [7][8]. Group 2: Competitive Strategies - ByteDance's growth strategy for "Soda Music" leverages organic traffic from Douyin (TikTok), with 82.1% of its monthly active users coming from the platform, creating a new music consumption habit [12]. - In contrast, NetEase Cloud Music is struggling with community engagement dilution, as its once-vibrant comment sections have become less meaningful due to a shift in user behavior towards Douyin [15][16]. - NetEase's strategy to support independent musicians has not compensated for the lack of access to major music licenses, limiting its appeal to mainstream users [20]. Group 3: Challenges Faced by NetEase - NetEase Cloud Music's revenue for 2025 was 7.76 billion yuan, a slight decline from 8 billion yuan in 2024, indicating a contraction rather than growth [24]. - The competitive landscape in gaming is also shifting, with NetEase's game revenue growth slowing down, highlighting a broader issue of stagnation across multiple business segments [28]. - The company faces pressure from various fronts, including music, gaming, AI, and e-commerce, with a lack of cohesive strategy leading to vulnerabilities [31][32]. Group 4: Strategic Implications - The traditional strategy of slow, quality-focused development may not be effective in the fast-paced AI era, where speed and scale are critical [35]. - NetEase's lack of an integrated ecosystem compared to competitors like ByteDance and Tencent limits its ability to compete effectively in the AI and music markets [37]. - The urgency for NetEase to adapt and find a new narrative is critical, as the competitive landscape continues to evolve rapidly [40][45].