长三角地区名城众多，南京凭什么成为新的产业高地？ 2025年冬的南京，产业布局的热度高企。ABB砸下15亿建传动产品超级工厂，瞄准人形机器人"小脑"级 别的运动控制技术。京东百亿级研发中心在建邺区正式开工，要建设辐射华东的"战略桥头堡"。小米汽 车交付中心里人流如织，已带动20多家生态链企业在此扎根。 南京积淀多年，让企业能扎根、成长、壮大的系统性优势，迎来了收获期。 国家红利叠加，把区位优势变成发展的确定性 企业选址布局，最看重确定性。南京的确定性，来自国家战略的多重叠加，以及把区位优势转化为产业 动能的硬实力。 作为新兴倡议交汇点枢纽、长江经济带与长三角一体化的叠加区，南京在全国经济版图中的定位早已明 确。2025年南京"十五五"规划建议进一步强化这一优势，今年南京重点推进轨道交通与 根据两个年内发布的独角兽企业报告，南京分别有9家、8家企业上榜全国及全球独角兽榜单，潜在独角 兽和瞪羚企业总数稳居全省前列。 ...

转自：云南日报 1月1日，云南省2026年消费品以旧换新暨彩云迎新消费季·印度洋海鲜节在昆明启动。活动聚焦促消 费、惠民生的主线，推出一系列务实政策与丰富体验，全方位满足群众多元需求。 在消费品以旧换新方面，今年政策进一步优化升级。汽车以旧换新按车型与类别给予6%至12%不等的 补贴，最高可达2万元。家电换新涵盖冰箱、洗衣机、电视等6类，按售价15%补贴、最高1500元，无需 交旧即可享受。手机、平板、智能手表、智能眼镜4类数码产品也纳入补贴范围，按售价15%补贴、最 高500元，新增的智能眼镜品类呼应现代消费趋势。 彩云迎新消费季围绕"焕新、节庆、赛事、情绪、餐饮、电商、出行"七大主题，在元旦至春节期间推出 系列活动。通过"政府补贴+企业让利+金融叠加"等方式，激发绿色智能消费；结合元旦、春节、元宵 节等节点，打造"彩云市集"，融合老字号、非遗与云品；联动"滇超"足球联赛等赛事，发放覆盖"球票 +美食+美宿"等消费券包；营造观鸥、赏花、品茶等治愈系消费场景；推出"臻选年夜菜""老字号美食 荟"等餐饮活动；开展"云南网上年货节"，设立"云品出滇"线上专区；并在全省组织"回家过年·一路油 惠"出行惠民。 印度洋 ...

如果有一台时光机，你最想回到 2025 的哪一刻？ 这一年， 中国 AI 震动硅谷，中国动画改写影史，商业世界在热搜里反复翻车与重来。 它来自中国，团队极度年轻，大量清北应届生和在读博士站在一线；它背后没有大厂体系，而是量化出身的幻方系。 二月｜《哪 吒 2 》： 154 亿票房背后的中国工业能力 二月，中国电影被《哪吒之魔童闹海》彻底点燃。 这部等了六年的续作，最终拿下 154 亿票房，登顶中国影史第一。但真正值得被记住的，不只是票房，而是背后的工业能力跃迁。 今天，我们用 12 个热词，按月复盘这场已经发生的时代与商业共振。 一月｜ DeepSeek ：中国大模型震动世界 2025 年一月， AI 圈被一个中国名字刷屏—— DeepSeek 。 这家成立不到两年的杭州公司，用一款 开源大模型 DeepSeek-V3 ，在硅谷引发罕见共识： 性能逼近 GPT-4 级别，训练成本却只有二十分之一。 OpenAI 创始成员 Karpathy 直言："比 Llama 3 405B 更强，但算力消耗只有它的 1/11 。" Meta 科学家田渊栋评价："这是一项伟大的工作。" DeepSeek 的特别之处不只在技术 ...

2025年12月，数字零售领域又有哪些事？以下为数字经济新媒体 #网经社 旗下数字零售台为您带来12月数字零售各赛道最新动态回顾。 1.【电商评测】2025二手机回收平台测评报告 京回收 转转 爱回收靠不靠谱？ 2.震惊！抖音电商日均退货量竟高达数百万单 ？ 3.阿里打假联盟：淘天平台假货投诉和去年相比同比下降58.5% 4.贾乃亮"售假"事件反转 检测机构无资质 产品被证实为正品 5.梦饷科技CHO章弛公布2026年四大布局 将升级私域直播工具 【电商评测】2025二手机回收平台测评报告 京回收 转转 爱回收靠不靠谱？ 12月21日，中央广播电视总台新闻频道《朝闻天下》栏目曾以6分多钟的篇幅，曝光部分手机回收平台存在"高价预估、到货压价"的猫腻，这进一步凸显了 用户在选择平台时的普遍顾虑：究竟"哪个平台出价最公道？"、"我的隐私能否得到保障？"以及"整个流程是否便捷可靠？"。 历时18年打造"全国电商三中心" 网经社2026媒体资源书发布 年度招商启动 2026年，网经社迎来成立的第19个年头。值此岁末年初之际，我们推出《2026年新媒体资源书》和刊例，面向以电商为核心的数字经济全产业链客群提供22 项专业 ...

Core Viewpoint - The article outlines the efforts and achievements of the market regulation system in promoting high-quality development during the "14th Five-Year Plan" period, focusing on various regulatory frameworks and reforms to enhance market vitality and ensure fair competition. Group 1: Market Entry and Business Environment - The city has implemented comprehensive reforms to facilitate market entry and business deregistration, including dynamic updates to the "multi-certificates in one" directory and the promotion of "one-stop" services for business registration [4][5] - The time required to establish a business has been reduced to within half a working day, making the process more efficient and convenient for market participants [5] - By the end of 2025, the total number of market entities is expected to reach 475,000, with an average annual growth rate of 8.9% [7] Group 2: Market Competition Order - A fair competition review mechanism has been established, leading to the evaluation and cleaning of 5,105 documents that hinder a unified market and fair competition [9] - The regulation of pricing and fees in sectors such as commercial banking and electricity supply has been strengthened, contributing to a more orderly market environment [11] Group 3: Quality Improvement Initiatives - The "Quality Strong City" strategy has been implemented, resulting in significant improvements in product quality, with the manufacturing quality pass rate reaching 94.16% in 2024, up from 91.20% in 2020 [12][14] - The city has established two national-level quality inspection centers and four provincial-level centers, significantly enhancing quality infrastructure [16] Group 4: Intellectual Property Development - The city has made strides in intellectual property, with 2,748 valid invention patents and a target of 1,192 high-value invention patents by 2024 [19] - The number of geographical indication trademarks has reached 28, with 16 protected products, positioning the city as a leader in this area within the province [21] Group 5: Market Safety and Consumer Protection - Safety regulations have been prioritized, with food safety monitoring achieving a compliance rate of over 98% for major agricultural products [27] - The consumer complaint resolution system has been enhanced, with a 99.98% on-time resolution rate for complaints in 2024 [34] Group 6: Regulatory Mechanisms and Innovations - The market regulation system has been improved through the integration of smart and credit-based supervision, with 17,500 individual businesses marked for operational anomalies [33] - The implementation of "Internet + AI supervision" in food and special equipment sectors has been accelerated, enhancing regulatory efficiency [35]

Core Insights - The 2026 "Bet on China" top ten core assets have been announced by Gelonghui, a well-known independent research institution in China, based on votes from millions of members across over 70 countries [1][3] - The selection process involved over half a month of voting, resulting in hundreds of thousands of valid votes, emphasizing the collective wisdom of global investors [3] Selection Criteria - The selected listed companies must meet four key principles, reflecting the uncertainties in the Chinese investment market for 2025, including fluctuating recovery expectations, real estate stability concerns, and the ambiguity in investment directions related to AI and new energy [2] Performance Metrics - Since the end of 2018, the "Bet on China" top ten core assets index has achieved a cumulative increase of 318.67%, significantly outperforming the CSI 300 index (+56.2%), Hang Seng index (-0.82%), and S&P 500 index (+175.3%) [3] - In 2025, the equal-weighted return of the top ten core assets reached 35.1%, again surpassing the CSI 300 index (+17.7%), Hang Seng index (+27.8%), and S&P 500 index (+17.3%) [3] Core Assets Overview 1. **Zhongji Xuchuang (300308)**: Expected to benefit from the acceleration of AI computing infrastructure in China, with a projected demand for optical modules reaching 18 billion yuan, and a 50% annual growth in domestic demand for 800G optical modules [5] 2. **Tencent Holdings (00700.HK)**: With a massive user base, Tencent is expected to see its advertising revenue exceed 40 billion yuan in 2026, driven by its social media platforms and AI efficiency improvements [6][7] 3. **Alibaba (09988.HK)**: Anticipated to achieve 170 billion yuan in revenue from cloud services, with a growth rate of 34%, while also focusing on domestic consumption upgrades [7][8] 4. **Gold ETF (518880)**: Positioned as a key hedging tool for domestic investors, with a forecasted gold price potentially reaching 5,000 USD per ounce, supported by liquidity and geopolitical factors [8] 5. **Luoyang Molybdenum (603993/03993.HK)**: Expected to produce 660,000 tons of copper and 120,000 tons of cobalt in 2026, benefiting from the growth of the domestic electric vehicle market [9] 6. **Ping An Insurance (601318/02318.HK)**: Projected to see a 20%-25% increase in market value, benefiting from the domestic interest rate cycle and a focus on quality equity assets [10] 7. **Dongfang Caifu (300059)**: Anticipated to see a 22%-28% growth in market value, driven by increased capital market activity and AI-driven wealth management services [11] 8. **Wanhua Chemical (600309)**: Expected to achieve a net profit of 15.5-16.2 billion yuan in 2026, supported by domestic demand for MDI and new materials [12] 9. **WuXi AppTec (02268.HK)**: Positioned as a leader in the ADC field, with over 60% of its pipeline serving domestic clients, reflecting the growth of China's biopharmaceutical industry [13] 10. **Trip.com Group (09961.HK)**: Projected to see a revenue growth of over 25%, benefiting from the recovery of domestic travel and tourism [14] Conclusion - The ten core assets are aligned with China's key sectors such as AI computing, new energy, consumption, finance, and biomedicine, reflecting the country's new productive forces and upgrading of livelihoods [14]

Southeast Asia December Report: Macro, Internet, and Consumer Sectors Industry Overview - The report focuses on the Southeast Asian region, specifically six countries: Indonesia, the Philippines, Vietnam, Malaysia, Thailand, and Singapore [1][2][3]. Key Points and Arguments Monetary Policy - The Federal Reserve lowered the policy interest rate by 25 basis points to a target range of 3.50%-3.75%, the lowest level in three years. Southeast Asia is expected to maintain a loose monetary policy [1]. - The Philippines' central bank cut rates by 25 basis points to 4.50% due to weak economic growth and declining business confidence. Other countries maintained their rates: Indonesia (4.75%), Vietnam (4.50%), Malaysia (2.75%), and Thailand (1.50%) [1]. Bond Market - In November, the 10-year government bond yields in Southeast Asia showed a mixed trend. Indonesia's yield rose from 6.08% to 6.30%, while the Philippines' yield fell to 5.86% due to strong foreign net buying in the bond market [2]. - Vietnam's yield increased to 3.79%, with foreign outflows totaling $1.2 billion for the quarter. The yields for the Philippines, Malaysia, and Thailand were 5.86%, 3.47%, and 1.68%, respectively [2]. Purchasing Managers' Index (PMI) - The PMI for the six Southeast Asian countries indicates a continued recovery in production activities, with Thailand and Indonesia's PMIs rising to 56.8% and 53.3%, respectively. Malaysia's PMI reached 50.1%, indicating expansion [2]. - Conversely, the Philippines' PMI dropped significantly to 47.4% due to a sharp decline in new orders and production disruptions caused by typhoons [2]. Export Performance - Despite a slowdown in exports for Thailand and Indonesia in October, overall export growth in Southeast Asia remained strong. Singapore recorded a significant year-on-year growth of 25.2%, while the Philippines, Vietnam, and Malaysia maintained double-digit growth rates of 19.4%, 17.5%, and 15.7%, respectively. Thailand's growth was 5.3%, and Indonesia's exports declined by 2.3% [2]. Retail Market - The retail market in Southeast Asia is generally expanding. Malaysia's retail sales growth accelerated from 6.42% in September to 7.11% in October. Singapore's sales growth increased from 2.82% to 4.46%, while the Philippines saw a significant slowdown from 3.14% to 0.26% [3]. Inflation Trends - Inflation rates in Southeast Asia remained stable but varied across countries. Malaysia's inflation rate decreased from 1.5% in September to 1.27% in October. Indonesia and the Philippines also saw slight declines in inflation rates [3]. - In contrast, Singapore's inflation rate rose from 0.67% to 1.21%, and Vietnam's inflation increased from 3.25% to 3.58%. Thailand remained in deflation, though the pace slowed from -0.76% to -0.49% [3]. Digital Economy and Market Performance - In November, Shopee's Monthly Active Users (MAU) showed resilience, with a 0.07% increase across Southeast Asia, except for Thailand, which saw a decline of 5.02% [4]. - Grab's MAU increased by 0.92%, with Thailand leading the region with a 6.65% growth [4]. - As of December 15, Southeast Asian stock markets performed positively, with the Philippines' PCOMP index leading with an 8.5% increase, followed by Indonesia's Jakarta Composite Index at 3.3% [5]. Investment Opportunities - The report suggests focusing on AI-related sectors, including electronic manufacturing, power grids, and data centers. The shift in the global AI industry from training to inference is expected to sustain strong demand for computing power, benefiting digital infrastructure growth in Southeast Asia [5]. Risks - The report highlights risks such as geopolitical tensions and political uncertainties that could impact the region's economic outlook [6].

Core Insights - The year 2025 marks a significant "paradigm shift" in the global business landscape, transitioning from visions of AI, consumption, and geopolitics into practical industrial applications [1][40]. Group 1: AI and Technology Developments - DeepSeek's emergence and Manus's $1 billion sale to Meta signify a pivotal moment in China's AI technology sector, reducing reliance on foreign models and initiating a trend towards open-source large models [2][41]. - The rapid competition in the AI field has led to numerous emerging competitors for DeepSeek, including Doubao, Qianwen, Lingguang, and Antifufu, alongside established players like Baidu and Kimi [4][43]. - AI models have evolved from mere chat tools to autonomous decision-making agents, with companies shifting from "buying models" to "nurturing agents" for task execution [6][45]. Group 2: Economic and Market Trends - The low-altitude economy in China is projected to exceed 1.5 trillion yuan, with cities like Shenzhen and Guangzhou pioneering eVTOL urban routes and drone deliveries becoming standard for logistics giants [8][46]. - The year 2025 is recognized as the year of humanoid robots entering factories, with significant orders surpassing 10,000 units, indicating a shift from experimental technology to industrial-grade products [10][49]. - Global trade dynamics are shifting, with the normalization of tariff battles between the US and Europe against Chinese electric vehicles and solar industries, prompting a "global localization" strategy among Chinese firms [12][51]. - The introduction of solid-state batteries in China, including the first national standards, addresses electric vehicle charging anxieties and strengthens China's position in the global renewable energy value chain [13][52]. Group 3: Consumer Behavior and Cultural Shifts - The establishment of the Hainan Free Trade Port marks a critical step in China's institutional openness, attracting global capital and talent [15][54]. - The rise of the "silver economy" in response to China's aging population is expected to create a trillion-yuan market for elder care products and services [28][67]. - The backlash against high-priced pre-made dishes, highlighted by public figures like Luo Yonghao, reflects a growing consumer demand for transparency and value, signaling the end of the "arrogant brand era" [24][63]. - The decline of the Labubu toy series from a speculative investment to a more accessible product illustrates a shift in consumer sentiment towards value-driven purchases [29][72]. Group 4: Capital and Investment Trends - The focus of global capital is shifting from generic large models to investments in "sovereign AI" infrastructure, with data centers becoming strategic national assets [16][57]. - Starbucks' decision to sell part of its Chinese operations to local investors signifies the end of the era where foreign brands dominated the market solely through globalization [34][73].

把握消费增长主线机会 20251230 摘要 2025 年社零增速放缓，线上零售额同比下降 0.1%，线下零售额同比增 长 0.5%，但 1-11 月网上商品和服务零售额同比增长约 9%，高于线下， 反映下半年消费引擎失速。 2023-2025 年各类消费品表现分化，粮油食品稳定，饮料增速放缓， 烟酒负增长，日用品加速。可选消费中，金珠宝、化妆品 2024 年负增 长后 2025 年反弹，体育用品持续良好，地产后周期品类受房地产市场 影响大。 2025 年 11 月天猫、京东、抖音平台 GMV 同比负增长，部分原因是双 十一大促提前透支。1-11 月传统电商大盘同比增长接近 6%，与 GDP 增速相近，下半年电商环境遇冷，大家电、商用设备、家装建材等品类 同比负增长。 2025 年电商市场中，交通骑行线上渗透率提升显著，购户工具、户外 服饰、医药用品和中医保养等品类也实现了约 20%的线上增速，精神悦 己和自我投资类、品质升级和效率革新类，以及健康生活与新型刚需类 产品表现优异。 Q&A 2025 年国内消费市场的总体表现如何？ 2025 年国内消费市场总体表现较为疲软。从 11 月的数据来看，单月社会消费 ...

Core Insights - The year 2025 marks a significant paradigm shift in China's and the global business landscape, transitioning from vision to industrial implementation of AI, consumption, and geopolitical changes [3][4]. Group 1: AI and Technology Developments - DeepSeek's emergence in early 2025 signifies a pivotal moment for China's AI technology sector, reducing reliance on foreign models and initiating a trend towards open-source large models [5]. - The rapid competition in the AI field has led to the emergence of numerous competitors, including Doubao, Qianwen, and Lingguang, alongside established players like Baidu and Kimi [7]. - AI has evolved from a simple chat tool to a productivity employee, marking the beginning of an era of automated decision-making [10]. Group 2: Economic and Market Trends - The low-altitude economy is projected to exceed 1.5 trillion yuan in 2025, with cities like Shenzhen and Guangzhou leading the way in eVTOL operations and drone deliveries becoming standard for logistics giants [11]. - The year 2025 is recognized as the year of humanoid robots entering factories, with significant orders surpassing 10,000 units, indicating a shift from experimental technology to industrial applications [14][16]. - Global trade dynamics are shifting, with the normalization of tariff battles between the US and Europe against Chinese electric vehicles and solar industries, prompting a move towards localized global strategies [18][20]. - The introduction of solid-state batteries in China is set to revolutionize the electric vehicle market, addressing energy storage concerns and enhancing safety [21][23]. Group 3: Consumer Behavior and Cultural Shifts - The "silver economy" is emerging as a key driver of domestic demand, with policies targeting the aging population leading to a surge in consumption in this sector [38][40]. - The rise of GLP-1 drugs is reshaping health and lifestyle industries, significantly impacting consumer habits and the broader economic landscape [41]. - The decline of speculative trends in collectible toys, such as Labubu, reflects a shift in consumer sentiment towards value-driven purchases rather than hype [42][44]. - The backlash against high-priced pre-made dishes, highlighted by public figures like Luo Yonghao, indicates a growing demand for transparency and value in branding [35][37]. Group 4: Corporate Strategies and Capital Trends - Starbucks' decision to sell part of its Chinese operations to local investors marks the end of the era where foreign brands dominated solely through globalization, necessitating a more localized approach [45][46]. - The capital landscape is shifting towards investments in sovereign AI infrastructure, with data centers becoming critical national assets [27]. Group 5: Overall Business Landscape - The events of 2025 illustrate a transition to a new business paradigm where technology, market efficiency, consumer sovereignty, and localized capital strategies are paramount [48][49][52][54].