Group 1 - The core viewpoint of the report indicates a decline in the number of new unicorns globally in the first half of 2025, with 42 new unicorns, a year-on-year decrease of 12.50% and a quarter-on-quarter decrease of 6.67% [1][2] - The average valuation of new unicorns in the first half of 2025 is $1.785 billion, reflecting a year-on-year decrease of 11.02% and a quarter-on-quarter decrease of 20.13% [2] - The majority of new unicorns are concentrated in the fields of artificial intelligence (16), enterprise services (7), healthcare (4), and big data (4) [1][4] Group 2 - In the first half of 2025, the United States leads in the number of new unicorns with 26, accounting for 61.90% of the total, while China has 7 new unicorns, making up 16.67% [3] - The total disclosed financing amount for the 42 new unicorns reached $75.117 billion, with artificial intelligence leading the sectors with $36.4 billion in financing [4] - Three investment firms, Sequoia Capital, General Catalyst, and Accel, participated in financing 5 new unicorns, ranking first among investors [5] Group 3 - The most active sectors for financing existing unicorns in the first half of 2025 are artificial intelligence (49 events), enterprise services (37 events), and finance (31 events) [6] - The total disclosed financing for existing unicorns is highest in artificial intelligence at $65.298 billion, followed by enterprise services at $5.830 billion [6] - In the first half of 2025, 10 unicorns exited through IPOs or SPACs, with 8 exiting via mergers and acquisitions, and 1 due to a valuation drop [8]

以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 2025H1全球新增42家独角兽企业，同比下降12.50%（2024H1新晋独角兽48家）；环比下降 6.67%（2024H2新晋独角兽45家）。 人工智能、企业服务等赛道持续火热。202 5H 1全球新晋独角兽企业主要集中在人工智能（16）、 企业服务（7）、医疗健康（4）、大数据（4）等行业。 中国独角兽青睐港股IPO。202 5H 1中国 8 家广义独角兽（含成立超10年的独角兽）IPO， 有6家 在 香港证券交易所 上市 。 新晋独角兽 全球新晋独角兽数量较2024年同期有所下降 2025H1全球新增42家独角兽企业，同比下降12.50%（2024H1新晋独角兽48家）；环比下降 6.67%（2024H2新晋独角兽45家）。新晋独角兽平均估值17.85亿美元，同比下降 11.02%（2024H1平均估值20.06亿美元）；环比下降20.13%（2024H2平均估值22.35亿美 元）。 2024-2025Q 2 全球新晋独角兽数量和 ...

中新网海口10月10日电(陈英清 黄方舟)今年以来，海南持续打造"投资自贸港"品牌，招商引资成果显 著。海南省商务厅投资促进处处长、省投资促进局局长刘大鹏10日说，今年1月至9月，海南省招商签约 项目517个，签约总金额约2551亿元。 海南今年前9个月招商签约总金额约2551亿元 刘大鹏当日在2025中国·澄迈国际经济贸易洽谈会新闻发布会上介绍，在海南今年前9个月招商签约项目 中，投资类招商签约项目464个，签约金额约2113亿元，已接近去年签约金额。已落地一批投资超50亿 元的重大产业项目，比如海口市综合交运设施物流集散枢纽建设项目、方大集团海棠湾医疗健康城项目 等。 编辑：熊思怡 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 他说，前三季度，海南已开展招商推介活动268场次，远超去年全年180余场次。今年7月23日海南自由 贸易港全岛封关运作时间发布后，海南开展多场高规格招商活动，促成签约招商项目26个、总投资约 ...

在湖北省政府新闻办9月28日召开的"决胜收官'十四五' 谋篇布局'十五五'"系列新闻发布会市场枢 纽专场上，鄂州市委常委、常务副市长张权介绍，作为国家重大生产力布局，鄂州花湖机场正积极融 入"双循环"新发展格局，已成为推动"一带一路"、长江经济带建设及中部崛起战略的关键支点，肩负着 代表中国参与全球航空物流竞争的重要使命。 张权表示，截至目前，花湖国际机场已累计开通货运航线106条，其中国际货运航线达45条；机场 货邮吞吐量突破106万吨，国际货量超36万吨。据测算，今年以来，该机场拉动全省外贸增长6.1个百分 点，有效助推全省外向型经济提质增效。 在提升口岸能级方面，鄂州市将推动实现"三检合一、并联作业"，推进智慧口岸建设，促进各监管 主体设施共享、数据互认与物流协同，全面提升通关效率与服务品质。 鄂州将加大招商引资，优化临空经济区"一区四园"产业布局，推动航空物流、光电子、智能制造、 医疗健康等产业集群发展，提升中康众盛、明理医疗等5个产业园的集聚水平。跨境电商方面，将发挥 市跨境电商协会桥梁作用，探索"保税仓 直播""体验店 直播"等新模式，加快建设跨境电商产业园二 期，全力打造电商直播创新示范基地。 ...

READING BOOKS 「 湛庐·十一特辑 」 2025年的商业竞争中，市场从增量竞争转向存量厮杀，传统的"风口套利"模式日渐失效，依靠单一业务增长似乎总能看到天花板。而丹纳赫，这个曾经将 数百家企业整合、优化，最终孵化出市值超千亿美元的巨头却依然在持续创造价值。 当下的经济环境，正呼唤丹纳赫式的商业智慧！ ▲ 点击书封，立即入手 以丹纳赫为镜，锻造企业韧性 ——《丹纳赫模式》推荐序 美的集团董事长兼总裁方洪波先生，在这篇极具实践洞察的推荐序中，他深刻指出，伟大的企业皆因将"常识做到极致"——坚守流程、尊重事实、效率至 上。 请阅读本书，为大脑充电、为未来布局，这是一部能重塑你商业思维体系的深度之作。 无论是寻求转型升级的企业创始人、致力于推动内部变革的高管，还是希望在价值投资中精益求精的投资人，都能从中获得至关重要的启示！ 文/方洪波 美的集团董事长兼总裁 丹纳赫集团用40多年的时间，从美国本土低端制造业的杠杆并购者，进化为全球生命科学领域的冠军企业。丹纳赫商业系统(DanaherBusiness System,DBS) 的精髓是"常识为纲，贯彻有方(Commonsense,vigorously app ...

价格指数继续维持高位，9月录得69.4，较8月略升0.2个百分点，显示服务业成本压力依旧突出。该指数 已连续10个月处于60以上，创下自2020年10月至2023年3月连续30个月以来最长的高位周期。 库存指数由扩张转为收缩，录得47.8，环比下降5.4个百分点，创今年1月以来最低水平。ISM指出，部 分企业因预期大宗商品价格下跌而减少库存，避免出现高库存风险。与此同时，库存情绪指数则连续第 29个月显示"库存水平过高"，9月读数为55.7，表明企业对库存相对需求仍存担忧。 智通财经APP获悉，周五，美国供应管理协会(ISM)公布的数据显示，9月美国服务业经济活动意外停 滞，服务业PMI指数为50，较8月下降2个百分点。这是自2010年1月以来，服务业PMI首次落在荣枯线 位置，显示行业整体陷入增长与收缩的临界点。美国服务业占据经济主导地位。根据官方统计，服务业 贡献了美国约四分之三的国内生产总值。根据ISM，服务业PMI高于48.6通常对应整体经济扩张，因此 尽管9月数据出现下滑，美国整体经济仍已连续第64个月保持增长，但增速显著放缓。 订单积压指数虽仍处收缩区间，但大幅回升至47.3，较8月跳升6.9个百 ...

Core Insights - The company has transformed from a "phase hotspot" to a "sustainable benchmark" in the health industry, driven by a dual strategy of "medical + consumer" [1] - The company achieved a compound annual revenue growth rate of approximately 15%, with projected revenue of 9 billion yuan for 2024, reflecting its commitment to stability and innovation [1] - The company has established a global supply chain network and a diverse product matrix, showcasing its strategic determination and innovative spirit [1] Financial Performance - In the first half of 2025, the company reported revenue of 5.3 billion yuan, a year-on-year increase of 31.3%, and a net profit of 490 million yuan, with a growth rate of 28.1% [3] - The medical segment generated revenue of 2.52 billion yuan, up 46.4%, while the consumer segment achieved 2.75 billion yuan, a growth of 20.3% [4][6] Product Development and Innovation - The company has invested 1.808 billion yuan in R&D over five years, maintaining a research intensity of over 3% of revenue [9] - The development of cotton-based medical consumables has positioned the company as a leader in sustainable practices, with 1,109 patents in medical consumables and 986 in consumer products [12] Global Expansion - The company has expanded its overseas sales channels, achieving revenue of 1.43 billion yuan in the first half of 2025, a growth of 81.3% [14] - The acquisition of GRI in the U.S. has enhanced the company's capabilities in R&D, manufacturing, and sales, facilitating its transition from "product export" to "brand export" [14] ESG and Social Responsibility - The company has received a Wind ESG rating of A, with a score of 7.53, ranking in the top 21% of its industry [15] - The company emphasizes social value creation, contributing to agricultural modernization and responding to public health emergencies [16]

Macro Dynamics - As of June 2025, China's banking sector has foreign financial assets totaling $17,721 billion and foreign liabilities of $15,377 billion, resulting in a net foreign asset of $2,344 billion. The net liabilities in RMB amount to $3,171 billion, while net assets in foreign currencies total $5,515 billion. The breakdown of foreign financial assets shows that loans and deposits account for $10,638 billion (60%), bonds for $4,526 billion (26%), and other assets for $2,557 billion (14%) [2]. Visa and Immigration Policies - China has introduced a new K visa category aimed at promoting exchanges and cooperation among young scientific and technological talents, with details to be announced by Chinese embassies and consulates [3]. - Starting September 29, South Korea has implemented a visa waiver policy for group tourists from China, allowing groups of three or more to enter without a visa for up to 15 days [5]. Financial Institutions - Roadhuas Securities has been fined HKD 2.1 million by the Hong Kong Securities and Futures Commission for improper handling of client funds, which included failing to maintain sufficient funds in independent client accounts on 12 occasions between February 2021 and July 2022 [6]. Market Data - On September 29, the A-share market saw all major indices rise, with the Shanghai Composite Index increasing by 0.9%, the Shenzhen Component by 2.05%, and the ChiNext Index by 2.74%. The total trading volume across the Shanghai and Shenzhen exchanges was CNY 21,781 billion, an increase of CNY 120 billion from the previous day [7]. - The margin financing balance in the two markets decreased by CNY 19.253 billion as of September 26, with the Shanghai Stock Exchange reporting a balance of CNY 12,188.55 billion and the Shenzhen Stock Exchange reporting CNY 11,815.43 billion [8]. Company Dynamics - China CNR Corporation announced several major contracts signed between July and September 2025, totaling approximately CNY 543.4 billion, which represents about 22% of the company's projected revenue for 2024 [11]. - The actual controller of *ST Muban has been placed under investigation by the China Securities Regulatory Commission for failing to disclose non-operational fund transactions, with the stock experiencing a 21.71% increase over four consecutive trading days [12]. - Visa has appointed Elaine Chang as the new president for the Greater China region, succeeding Shirley Yu, who is set to retire at the end of the year [13]. - JD Health announced the resignation of its CEO, Jin Enlin, effective September 29, 2025, with Cao Dong appointed as the new CEO [14]. - Hainan Duty-Free Company has increased its registered capital from CNY 1.2 billion to CNY 1.7 billion, marking a 42% increase [15][16]. - AstraZeneca plans to list its shares on the New York Stock Exchange while retaining its headquarters in the UK [17]. - XGIMI Technology has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the exclusive sponsor [18].

据悉，"天宫一号健康产业AI应用能力中枢"所基于的核心引擎——"卓睦鸟医疗大模型"在医疗AI评测平 台MedBench的"医学语言理解"单项评测中位列榜首。"这一成就源于其700亿参数规模对医疗领域的专 注，使其能够深度解析海量的药品说明书、临床指南、医学文献等专业内容，实现对医药专业语言的精 准理解和关键信息提取。"中康科技方面介绍道。 目前AI行业的竞赛已超越单纯的技术比拼，进入"应用定义价值"的新阶段。在健康产业，国务院今年8 月发布的《关于深入实施"人工智能+"行动的意见》明确，要探索推广人人可享的高水平居民健康助 手，有序推动人工智能在辅助诊疗、健康管理、医保服务等场景的应用，大幅提高基层医疗健康服务能 力和效率。 中康科技方面表示，未来公司将不断完善"天宫一号健康产业AI应用能力中枢"，携手同行共同探索AI赋 能营销的新路径，推动健康产业全面智能化升级的实现。 近日，中康控股(02361.HK)旗下的主业务平台中康科技，正式发布"天宫一号健康产业AI应用能力中 枢"。中康科技方面表示，其核心价值在于将"卓睦鸟医疗大模型"转化为驱动行业发展的动能，为药企 带来实实在在的业务价值和战略意义。 "天宫一 ...

热闹的港股市场，又要迎来一位超级大佬。 作者：王思琪 以下文章来源于投资家 ，作者王思琪 投资家 . 投资家是投资家网旗下专注创投、商业、科技领域的内容平台。多次获得百度、头条、新浪、网易、搜 狐、东财、同花顺、澎湃等颁发的荣誉奖项。投资家网是国内知名资本与产业创新综合服务平台。 来源： 投资家 2025 年，给员工发福利、直播营销创新、大战外卖、跨界酒旅、加强人工智能生态建设、达 沃斯论坛闪亮登场的京东创始人刘强东，资本版图再下一城。根据证监会网站最新信息显示， 京东分拆子公司京东工业的境外发行上市近日已获备案，计划港交所 IPO 。如若顺利，"京东 系"将收获继京东、京东物流、京东健康、达达集团、德邦股份之后的第六个 IPO 。 作为京东分拆着重布局工业供应链技术的核心资产，京东工业主要承担着刘强东的"工业制造 梦想"，也是京东连接中国制造业的强力纽带。 2024 年，京东工业服务超 9900 家企业客 户，以 4.1% 的市占率跃升中国最大 MRO （实际的生产过程不直接构成产品）采购服务商。 京东工业身后站着红杉中国、纪源资本等一批极具慧眼的 VC/PE 投资机构。 IPO 前，京东 工业估值约 67 ...