智通财经APP获悉，港股恒生指数跌0.12%，跌28点，报23864点；恒生科技指数涨0.15%。港股早盘成 交1309亿港元。 潼关黄金(00340)涨超5%，公司两个矿场内生动能强劲，黄金产量有望持续提升。 香港即将就数字资产的发展发表第二份政策宣言，阐述下一步的政策愿景和方向。稳定币概念板块全线 走高。众安在线(06060)涨10%；连连数字(02598)涨10%；联易融科技-W(09959)涨10%；移卡(09923)涨 7%。 内房股早盘普涨，广州拟优化房地产政策，全面取消限购、限售、限价。金辉控股(09993)涨65%，金地 置业（00535）涨18%；富力地产(02777)涨10%，融创中国(01918)涨7%。 山东墨龙(00568)再涨超33%，上一交易日飙升逾75%，中东冲突升级带动油价大涨。 金山软件(03888)涨超10%，下月将推出《解限机》，大摩料新游表现有望成股价关键推动力。 中国同辐(01763)涨超6%，中国成功实现商用堆生产钇-90，公司为中核集团控股子公司。 中国内地个人奢侈品市场加速增长，奢侈品网络营销全面进化。奢侈品品牌股涨幅居前 ，英皇钟表珠 宝(00887)涨10 ...

Core Insights - The rise of luxury goods flash sales has become a significant trend in China, with increasing consumer interest and participation in such events [2][12][16] - Consumers are increasingly prioritizing value for money, leading to a shift in purchasing behavior from traditional retail to discount platforms [10][18][19] Group 1: Consumer Behavior - The popularity of luxury flash sales is evident, with significant engagement on social media platforms, such as 270 million views and nearly 2 million discussions related to flash sales on Xiaohongshu [1] - Consumers are drawn to the thrill of securing luxury items at steep discounts, often participating in competitive environments both online and offline [5][6] - The perception of luxury goods is changing, with consumers like Zhao Na expressing that they no longer feel the need to buy the latest collections, opting instead for past season items that offer better value [10][11] Group 2: Market Dynamics - The luxury flash sale market is characterized by a dual benefit: it helps brands clear inventory without damaging their overall pricing strategy while expanding their consumer base [16][18] - The pricing strategies for luxury items in flash sales are influenced by various factors, including international price disparities and tax exemptions, which allow for lower prices [17][18] - Despite concerns about profitability, the discount retail channel for luxury goods is experiencing growth, contrasting with an overall decline in the luxury market [18][19] Group 3: Brand and Retail Strategies - Brands are increasingly utilizing flash sales as a method to manage inventory, particularly for older or classic styles that need to be sold to make way for new collections [17] - The involvement of certification bodies, such as China Inspection, adds credibility to the authenticity of products sold in flash sales, reassuring consumers about their purchases [15] - The shift towards online flash sales reflects a broader trend of consumers seeking convenience and value, moving away from traditional luxury shopping experiences [12][16]

本周，数十家跨国公司高管本周集体涌向华盛顿游说国会，试图阻止特朗普预算法案中一项可能重塑国 际资本流动格局的条款，警告这一措施将冲击数百万美国就业岗位。 6月9日，据报道，全球商业联盟主席Jonathan Samford透露，约70家公司的代表将于本周与国会议员会 面，第899条款将成为"核心议题"。这一税收威胁已令该游说组织近200家在美外资企业感到不安，其中 包括壳牌、丰田、SAP和LVMH等巨头。 据悉，这些外资企业在美国提供了840万个就业岗位，而第899条款的实施可能直接威胁到这一庞大的就 业基数。 对于外国投资者，该条款将在四年内每年将美国股票股息和某些公司债券利息的税收提高5个百分点。 更为严厉的是，它还将对目前免税的主权财富基金的美国投资组合征税。 华尔街见闻此前提及，华尔街各大机构纷纷警告，这一条款将改变四十年来外国资本在美国的税收待 遇，堪称特朗普政府的"核选项"。 国际银行家协会首席执行官Beth Zorc表示，该机构成员将在本周前往华盛顿，与财政部官员及参议院 银行委员会共和党成员会面，反对第899条款。Zorc警告道： "正如众议院通过的版本，第899条款将扼杀外国直接投资，引发金融 ...

Financing and Investment - Shenzhen Photon Leap Technology Co., Ltd. has completed several hundred million yuan in angel round financing, with funds primarily allocated for AI imaging algorithm development, global expansion, and smart hardware product mass production preparation [1][3] - Shanghai Lin Qingxuan Biotechnology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with a revenue growth from 691 million yuan in 2022 to 1.21 billion yuan in 2024, representing a compound annual growth rate of 32.3% [5] Mergers and Acquisitions - Anta Group has announced the completion of the acquisition of German outdoor brand Jack Wolfskin, enhancing its competitiveness in the professional outdoor sports sector [8] - Neo Investment Partners is exploring potential investors for the luxury leather brand Valextra, considering an exit from its investment since holding approximately 60% of the brand since 2013 [11] Product Launches and Brand Strategies - Luckin Coffee has launched a new product, the Feather Light Fruit and Vegetable Tea, priced at 9.9 yuan per large cup, aiming to align with the growing health-conscious consumer demand [13] - Antonia has opened two new flagship stores in China, marking a significant milestone in its Asian market strategy [16] Data Security and Brand Reputation - Cartier has confirmed a data breach affecting customer information globally, highlighting the need for luxury brands to enhance their data protection mechanisms [18] Executive Appointments - Nike has appointed former McDonald's executive Michael Gonda as the new Chief Communications Officer, effective July 7, as part of a significant executive committee overhaul [20] - Kizik has appointed Gareth Hosford, a former Nike executive, as its new CEO, aiming to lead the brand into a new phase of omnichannel expansion [23] - Dr. Martens has appointed Paul Zadoff as President of the Americas market, bringing over 30 years of leadership experience to drive growth and profitability [25][26]

近日，突然传出知名奢侈品牌卡地亚用户数据被泄露的消息。 卡地亚邮件显示，泄露的信息包括客户姓名、出生日期等，但不涉及银行信息等。 社交平台截图 据澎湃新闻报道，迪奥相关工作人员表示，近期确实发生了客户信息泄露的事件，已立即采 取措施并聘请专业网络安全专家团队进行调查。 迪奥相关工作人员表示介绍，受影响的数据中不包含客户的银行卡等财务信息，主要涉及姓 名、性别、联系方式等个人信息。公司建议受影响客户保持警惕，避免打开不明来源的信息 或链接，如有任何可疑情况可随时拨打客服中心寻求帮助。此外，为进一步加强系统安全 性，迪奥方面已对可能受影响的信息实施监控，后续也将全力协助受影响客户。 来源 | 每日经济新闻、澎湃新闻 本期编辑 金珊 热搜！张雪峰怒斥：提出这问题的人，怎么那么闲 枕套惊现医院名字！亚朵再曝卫生问题，一季度住宿入住率下滑3.1% 雷军连发三问，点赞网友评论！小米股价走高 SFC 21君荐读 据《每日经济新闻》报道，6月4日上午，卡地亚官方客服向记者表示， 泄露消息属实，但泄 露的客户并非只有中国市场，而是涉及全球市场的部分卡地亚顾客。 其还表示，目前事件正在持续调查中，已向相关监督部门报备。"我们有一 ...

值得注意的是，5月13日，有多位网友反映称收到了迪奥发来的短信，其中显示，"我们于5月7日发现， 曾有未经授权的外部人员获取了我们持有的部分客户数据。在中国收集的受影响的客户个人信息的最大 范围可能包括姓名、性别、手机号码、电子邮箱地址、邮寄地址、消费水平、偏好，以及您可能已向我 们提供的其他信息。被访问的数据库中不包含诸如银行账户详情、国际银行账户号码（IBAN）或信用 卡信息等财务信息。" 迪奥表示，"初步调查显示，此次事件是由数据库遭受未经授权的访问所致。对于此事给您带来的任何 不便及困扰，我们深表歉意。"针对这一事件，迪奥官方客服向南都记者表示，"我们已采取措施加以控 制，目前暂无后续进展的相关信息。" 消费者称收到了卡地亚发来的邮件。 上述消费者向南都记者提供的邮件截图显示，卡地亚致歉称，"近期有未经授权者短暂进入系统并获取 部分有限的客户数据。我们已通知相关部门，正与外部网络安全专家合作处理此事。根据调查结果，您 的部分信息或受此次事件影响，其中包括姓名、电子邮件地址及所在国家/地区。任何密码、信用卡数 据或其他银行信息资料均未受到影响。对于此次事件可能给您造成的不便，我们深表歉意。" 对此，卡地 ...

Core Viewpoint - The luxury goods market is experiencing a significant downturn, with major brands like Chanel and LVMH reporting declines in sales and profits, indicating a shift in consumer behavior and a reevaluation of luxury items as investment assets [1][2][3]. Group 1: Industry Performance - Richemont reported a 4% increase in revenue to €21.4 billion for the fiscal year 2025, but a 1% decline in operating profit to €3.76 billion, with the Asia-Pacific market suffering a 13% revenue drop, particularly in China where it fell by 23% [3]. - LVMH's revenue decreased by 2% to €84.683 billion, with net profit down 17% to €12.25 billion, while Kering's revenue fell by 12% to €17.194 billion and net profit dropped by 62% [3]. - Chanel's sales for 2024 were $18.7 billion, a 4.3% decrease year-on-year, with operating profit down 30% [3]. Group 2: Market Trends - The luxury goods market in China is projected to decline by 18%-20% in 2024, returning to 2020 levels, with leather goods expected to drop by 20%-25% [4]. - High-end commercial properties are also affected, with Beijing SKP's sales plummeting 17% to ¥22 billion, and other malls experiencing a 6% revenue decline [4]. - The second-hand luxury market is seeing increased demand as consumers seek value, with significant price drops reported in the resale of luxury items [7][9]. Group 3: Consumer Behavior - Consumers are becoming more cautious, focusing on practicality and value rather than viewing luxury items as investment tools, with many preferring traditional investment options like ETFs and bank deposits [13][15]. - The perception of luxury goods as financial assets is shifting, with consumers recognizing the marketing illusion behind the idea of luxury items as reliable investments [15]. - The second-hand market is gaining traction, with consumers looking for high-value items at lower prices, and classic brands like Chanel and Hermes being viewed as more stable investments [10][14]. Group 4: Investment Shifts - The average annual price increase for Chanel's Classic Flap bag from 2015 to 2023 was 8.5%, while Hermes Birkin crocodile skin bags saw annual appreciation rates of 10%-15% [12][14]. - As traditional investment returns decline, gold is becoming a preferred investment choice among high-net-worth individuals, with 15.7% still considering it their top investment option [15].

本文字数：1808，阅读时长大约3分钟 作者 | 第一财经 刘奇超 最近，一些消费者收到古驰（比斯特上海购物村店）店员发来的闭店消息。 继上海新世界大丸百货和芮欧百货的两家门店之后，古驰（Gucci）将于6月2日关闭位于比斯特上海购 物村的奥莱店，不少消费者赶在闭店之前选购。 2025.05. 27 但追求性价比的消费者越来越多，奥莱店的生意水涨船高，品牌却只能忍痛"割肉"。比斯特上海购物村 店关闭之后，古驰在上海还有佛罗伦萨小镇店和百联奥莱店。 ▲ 古驰（比斯特上海购物村店） 大众点评图 去年下半年起，古驰在中国加速调整店铺，关闭了位于福州、大连、沈阳、太原的4家门店。古驰业绩 持续下滑，拖累母公司开云集团表现不佳，缩减门店尤其是奥莱店，被视为品牌高端化转型的重要举 措。不过，在此之前，古驰关闭的奥莱店主要集中在欧洲，向核心的中国市场"动刀"也证明了其处境艰 难。 开云集团最新财报显示，2025年第一季度营收下滑14%至38.83亿欧元，其中亚太市场同比下跌25%， 欧洲和北美均下滑13%，日本下滑11%；报告期内共关闭25家门店，其中10家来自古驰。目前，开云 集团市值不到LVMH集团的1/10，由于业绩 ...

Core Viewpoint - Gucci is closing its outlet store in Bicester Shanghai Village on June 2, following the closure of two other stores in Shanghai, indicating a strategic shift in response to declining performance in the Chinese market [1][3]. Group 1: Store Closures and Performance - Since the second half of last year, Gucci has accelerated store closures in China, shutting down four stores in Fuzhou, Dalian, Shenyang, and Taiyuan, as part of a broader strategy to enhance brand positioning and reduce reliance on outlet sales [3]. - Kering Group's latest financial report shows a 14% decline in revenue for Q1 2025, totaling €3.883 billion, with a 25% drop in the Asia-Pacific market and 13% declines in Europe and North America [3][8]. - Gucci's revenue for Q1 2025 was €1.57 billion, marking a 25% decline in comparable sales, the lowest quarterly performance in recent years [8]. Group 2: Market Dynamics and Brand Strategy - The shift towards outlet stores has created a disparity between the performance of outlet and full-price stores, leading Gucci to reduce its dependence on discount channels and focus on brand value and full-price sales [4][5]. - The luxury market is facing overall growth slowdown, with Bernstein downgrading the global luxury goods growth forecast for 2025 from +5% to -2% [8]. - Competitors like Burberry are also adjusting their strategies to stabilize their pricing structures, with some brands reducing prices on select products by over 20% [7]. Group 3: Financial Challenges and Future Outlook - Kering Group's net debt remains above €10 billion, making it the most financially vulnerable among the four major luxury goods groups [10]. - The company has been selling properties to alleviate financial pressure, including the sale of The Mall Luxury Outlets for a net gain of €350 million and a recent bond issuance of €750 million [10]. - The appointment of new creative director Demna Gvasalia in July is anticipated to bring changes, but the company is expected to remain in a challenging period [10].

Group 1: E-commerce and Taxation - The EU plans to eliminate the tax exemption for small packages valued under 150 euros, which accounted for approximately 4.6 billion packages last year, with over 90% originating from China [1] - Japan is also considering similar tax changes, potentially ending the exemption for imports valued under 10,000 yen by 2026 [1] - Cross-border e-commerce platforms like Shein and Temu are facing increased pressure as they seek growth outside the US market, which has already imposed taxes on packages valued under 800 USD [1] Group 2: Baidu's Financial Performance - Baidu's Q1 2025 core revenue reached 25.5 billion yuan, a 7% year-on-year increase, with net profit rising 48% to 7.63 billion yuan [2] - The company's cloud business grew by 42% year-on-year, and AI-related revenue saw over 100% growth due to the launch of a low-cost large model [2] - The autonomous vehicle service "Luobo Kuaipao" expanded to 15 cities globally, providing over 1.4 million rides in Q1, a 75% increase [2] Group 3: Great Wall Motors' Wei Brand - Great Wall Motors' Wei brand held an event emphasizing user-centric changes to enhance product strength and user experience [3] - The 2025 Wei brand Blue Mountain SUV was launched, priced between 299,800 and 326,800 yuan, maintaining the previous model's starting price [3] - The company aims to establish a stronger direct service system, expanding to 600 locations across over 200 cities this year [3] Group 4: New Blue Mountain SUV Features - The new Blue Mountain SUV features the latest Hi4 plug-in hybrid technology, with a total power output of 408 horsepower and a 0-100 km/h acceleration time of 4.9 seconds [4] - It offers two battery pack options with WLTC electric ranges of 185 km and 220 km, and a theoretical combined range of up to 1343 km [4] Group 5: Smart Features of the New Blue Mountain - The new Blue Mountain is equipped with the latest Coffee OS 3 and Qualcomm Snapdragon 8295 chip, supporting advanced driver assistance systems [5] - It includes over 30 sensors for full-scene navigation assistance, enhancing the driving experience [5] - Great Wall Motors announced a next-generation intelligent super platform compatible with various vehicle types and powertrains [5] Group 6: Chanel's Market Strategy - Chanel's revenue and operating profit fell by 4.3% and 30% respectively in 2024, marking the third consecutive year of profit decline [6] - The Asia-Pacific region saw the fastest revenue decline, with a 7.1% drop, particularly in mainland China [6] - Despite challenges, Chanel plans to open 15 flagship stores in China this year, focusing on second and third-tier cities [6] Group 7: Meitu's Investment from Alibaba - Meitu announced a $250 million investment from Alibaba in the form of convertible bonds, with a 1% annual interest rate [7] - This partnership will prioritize the promotion of Meitu's AI e-commerce tools within Alibaba's ecosystem [7] - Meitu commits to purchasing at least 560 million yuan in cloud services from Alibaba over the next three years [7] Group 8: Amer Sports' Performance - Amer Sports reported a 23% year-on-year revenue increase and a 196% rise in adjusted net profit in Q1, driven by strong performance across regions and product categories [8] - The company raised its full-year revenue growth guidance by 2 percentage points to 15%-17% [8] Group 9: Berkshire Hathaway's Exit from Kraft Heinz - Berkshire Hathaway's exit from the Kraft Heinz board suggests potential divestment of its 27.5% stake in the company [9] - Kraft Heinz is considering selling its meat brands amid a 4.7% decline in comparable revenue [9] - The company has lowered its full-year performance guidance due to macroeconomic challenges [9] Group 10: Google's AI Service Launch - Google introduced a new AI service, Google AI Ultra, priced at $249.99 per month, which includes 30TB of cloud storage and YouTube premium [10] - This service integrates advanced AI capabilities and is aimed at deep research applications [10] Group 11: Elon Musk's Plans for Tesla - Elon Musk confirmed he will continue as Tesla's CEO for the next five years unless unforeseen circumstances arise [11] - Tesla plans to expand its autonomous taxi service to Los Angeles and San Francisco following its initial launch in Austin [11] - Musk mentioned the potential for Starlink to become an independent publicly traded company [11] Group 12: XPeng's Financial Results - XPeng reported a Q1 gross margin of 15.6%, a year-on-year increase of 2.7 percentage points, despite a slight revenue decline [12] - The company delivered 94,008 vehicles in Q1, a 2500-unit increase from the previous quarter [12] - XPeng expects Q2 revenue between 17.5 billion and 18.7 billion yuan, representing a year-on-year growth of approximately 115.7% to 130.5% [12] Group 13: Li Auto's i8 Specifications - Li Auto's i8 SUV features two battery options with capacities of 90.1 kWh and 97.8 kWh, offering ranges of 670 km and 720 km respectively [13] - The vehicle supports fast charging capabilities, allowing for a 500 km range in just 10 minutes [13] Group 14: BYD Stock Performance - BYD's A and H shares both reached historical highs, with A shares hitting 404 yuan and H shares surpassing 460 HKD [14][15] - BYD's market capitalization reached 1.22 trillion yuan, with a year-to-date increase of approximately 40% [15] - The company is set to receive an estimated $2 billion in passive fund inflows following its inclusion in the Hang Seng Tech Index [15] Group 15: BMW's Stock Buyback Plan - BMW announced a stock buyback plan of up to 2 billion euros, marking its third major buyback in three years [16] - The plan includes repurchases of both common and preferred shares, with a maximum of 350 million euros allocated for preferred shares [16] Group 16: Alibaba's Entertainment Division Rebranding - Alibaba's entertainment division has been renamed to Whale Entertainment Group, with Alibaba Pictures rebranded as Damai Entertainment [17] - The rebranding aligns with Alibaba's strategy to refocus on its core mission of delivering happiness [17] - The division achieved positive adjusted EBITDA in Q1 2025, driven by a 12% revenue increase to 5.6 billion yuan [17]