本报（chinatimes.net.cn）记者卢梦雪 北京报道 二是产品化打造，让公益服务可复制、可推广。互联网行业的产品思维，被京东巧妙运用到公益项目的 设计中。曾晨指出，产品思维的核心是用户导向，需精准把握用户需求与痛点，将公益服务转化为标准 化产品，同时通过后台数据反馈持续迭代优化。 12月26日，由华夏时报社主办的2025（第五届）华夏公益论坛在京举行，论坛以"拥抱智能向善时代"为 主题。会上，北京京东公益基金会秘书长曾晨发表了题为《微光成炬 共创美好——京东公益的创新实 践与思考》的演讲，系统阐述了京东如何将商业逻辑与技术能力注入公益事业，使其变得更高效、可持 续。 从一家仅有38名员工时便开始践行公益的公司，到如今将公益精神深植于庞大的商业体系，京东的实践 始终带有鲜明的"商业向善"烙印。基于平台化、产品化、场景化与内生化四大核心思考，京东正在探索 一条用商业方法解决社会问题的创新路径，让善意的微光通过技术与模式创新，汇聚成炬。 以商业技术思维重塑公益模式的四大核心思考 互联网的基因决定了京东思考公益的逻辑。面对公益项目可持续性、效率、参与门槛等普遍难题，京东 尝试从商业世界中寻找答案。 "互联网 ...

韩国电商巨头Coupang(CPNG.US)盘前涨7.7%，报24.56美元。消息面上，Coupang昨日公布，公司凭借 通过数字鉴定获取的证据锁定泄露用户信息的前员工，并收回用于窃取用户信息的所有设备和硬盘。调 查结果显示，作案人利用安全密钥访问3300万个用户账号的基本信息，但仅保存了其中约3000个账号的 用户信息。作案人在看到该事件的新闻报道后删除所存的全部信息，且未向第三方传送。(格隆汇) ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300464 | 星徽股份 | 6.42 | -4.32% | 17.79万 | 1.16亿 | | 002640 | 跨境通 | 4.60 | -3.36% | 187.57万 | 8.67亿 | | 605136 | 丽人丽妆 | 11.12 | -2.54% | 25.62万 | 2.87亿 | | 002803 | 吉宏股份 | 16.72 | -2.22% | 14.95万 | 2.48亿 | | 300592 | 华凯易佰 | 10.68 | -1.75% | 7.06万 | 7615.99万 | | 301110 | 青木科技 | 63.83 | -1.65% | 1.03万 | 6560.42万 | | 002315 | 焦点科技 | 43.17 | -1.55% | 3.63万 | 1.57亿 | | 600365 | ST通葡 | 3.30 | -1.49% | 6.83万 | 2242.87万 | | 300792 | 壹网壹 ...

市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 作者：观察君 然而，投资者态度的转变源于对企业言论的不信任。高盛的分析发现，从财务数据看，近期宣布裁员的 公司普遍呈现出资本支出、债务及利息支出的增长高于行业同行，而利润增长却相对落后的特征。报告 指出，这暗示裁员可能更多是出于抵消利息支出上升、盈利能力下降等更令人担忧的财务压力，而非单 纯的技术驱动。 报告还观察到，过去几个月中，"吹嘘裁员情况"及"夸赞人工智能完成工作的比例"已成为一种企业流行 趋势。高盛分析师指出，越来越多的高管在传达此类信息时，其语言"并非防御性或歉意的"，而是直接 且自信。在部分《财富》500强企业的高管中，拥有更少的员工甚至正成为一种荣誉象征。包括亚马 逊、塔吉特和摩根大通在内的多家企业高管，都曾公开表示人工智能带来的效率提升可能减少未来所需 员工数量。 但市场的反应显示，投资者对此类言论的接受度正在下降。部分企业高管也因言论过于极端而面临现实 调整。以瑞典金融科技公司Klarna为例，该公司在2024年9月曾全面冻结招聘，并高调推动AI全面接手 工作，其首席执行官甚至在财报发 ...

到年底了，各大公司要发年终奖了，这不，京东给大家整出来个大惊喜： ...... 实话实说，今年创业板是表现最好的主流板块，子煊对创业板指数的印象，也就是创业板指，没想到最 近在研究宽基的时候，发现了创业板50弹性远超创业板指，引发我的好奇，专门去查了一下差异。 每日新闻记者报道，今年京东年终奖总投入同比增幅超过70%。京东内部公布了2025年年终奖发放计 划：通知显示，今年升级为19薪的部门内，年度绩效A+的员工将获得10倍月薪年终奖，即全年22薪； 年度绩效A的员工将获得9倍月薪年终奖，即全年21薪；年度绩效B+的员工将获得7倍月薪年终奖，即全 年19薪。京东采销今年将实现平均25薪，上不封顶；2026年将达到平均26薪，上不封顶。 当然，我不是京东的员工，只是基金组合上架京东金融，别人家的老板确实豪爽，我研究了一下，最近 年底京东又整出来三个大动作： 第一，免费提供住房。不久前，京东又宣布面向一线员工提供了2.8万套住房，未来5年还将投入220亿 元，提供15万套"小哥之家"。 第二，超高的年终奖。采销部门今年将实现平均25薪，评比B+的员工还可以领上19薪，也就是说年终 奖也有7个月的薪水，别人家的老板 ...

过去，美国企业通常会有两种裁员情况：一种是投资者欢呼雀跃的裁员，另一种则是遭到投资者批评的 裁员。 那么，为何投资者对由重组引发的裁员态度发生了转变呢？ 第一种情况——往往是企业高管宣布进行某种战略重组——通常会带动股价上涨。而第二种裁员，则是 由于企业销售额下降和成本上升所致，投资者则会抛售股票。 但最近，高盛的分析师发现了新的变化：投资者们对于第一种裁员也不再"买账"了。 投资者们不再相信企业的"大饼"了？ "通过将近期的裁员公告与上市公司的财报以及股市数据进行关联，我们发现，近期裁员公告的增加主 要来自那些将裁员归因于'良性因素'的公司，比如由自动化和技术进步驱动的重组。" 但是，这些股票并未在裁员公告后上涨，反而平均下跌了2%。而那些提及'重组'的公司受到的市场惩 罚则更为严厉。正如分析师所写："这表明，尽管给出了'良性理由'，但股市却仍然认为，这些裁员公 告是对这些公司前景的负面信号。" 在当下美国企业裁员数量持续增加的背景下，这种趋势尤其值得投资者持续关注。 据全球职业再就业公司Challenger, Gray & Christmas表示，根据美国企业的裁员公告，截至11月的裁员 计划总计裁撤了1 ...

今年是拼多多成立的第十个年头。 十年前，这家公司以"拼团"切入电商市场，用极端效率和价格优势，撬开了一个高度成熟、竞争激烈的 行业。十年后，当它的业务触角已经延伸至全球多个国家和地区，拼多多管理层选择放慢脚步，重新审 视公司的增长路径。 12 月 19 日，在年度股东大会上，拼多多宣布升级公司治理架构，正式实行联席董事长制度。经董事会 批准，赵佳臻出任集团联席董事长，与陈磊共同担任联席董事长兼联席 CEO。同时，集团还完成了多 项关键任命：王密出任工程高级副总裁，李炯出任集团财务总监。 从表面看，这是一轮组织和治理层面的调整。但放在拼多多"第二个十年"的起点，这一变化更像是在为 下一阶段增长预留空间。在这场股东大会上，拼多多管理层给出了一个颇具分量的判断：Temu 用三年 时间，走完了拼多多国内电商十年的发展路径。 随着 Temu 在北美、欧洲等市场快速扩张，其规模已逐渐逼近拼多多国内主站，拼多多也由此站上了一 个新的发展起点。这也意味着，拼多多正在从"国内电商平台 + 海外探索"的阶段，转向以全球市场为坐 标、以中国供应链为核心的增长结构。 陈磊在会上提到，Temu 的成长速度远超早期国内电商的发展曲线。但 ...

Core Viewpoint - The media sector has experienced two rounds of growth in 2023, driven by AI expectations and the release of fundamental performance [1][2] Group 1: Media Sector Performance - The media industry saw a total of two rounds of growth this year, with the first round from January to February showing approximately a 24% increase, primarily due to the impressive performance of the domestic AI model DeepSeek, which boosted expectations for AI applications [2] - The second round from April to September experienced nearly a 47% increase, driven by the iterative development of AI large models and the gradual implementation of applications, alongside a reduction in tariff concerns that improved risk appetite [2] - The gaming sector is expected to maintain high prosperity due to a combination of emotional consumer demand and the release of new games, while high-quality IP content like "Nezha 2" is anticipated to drive performance in the film sector [2] Group 2: AI Empowerment and Industry Outlook - AI technology is significantly enhancing content production and commercialization processes across various fields, including gaming, video production, advertising, e-commerce, and education, with promising application prospects [1][3] - The gaming industry is characterized by strong supply and demand, with core domestic manufacturers maintaining stable operations of existing games and a rich reserve of quality new games, indicating a bright future [3] - The film sector is expected to benefit from supportive policies like the "21 Regulations of Broadcasting and Television," which may lead to an upward turning point for long dramas and variety shows [4] Group 3: Investment Recommendations - Recommended stocks in the gaming sector include Giant Network, Kying Network, and Tencent Holdings, among others, due to their strong fundamentals and growth potential [3] - In the film sector, recommended stocks include Mango Super Media and Shanghai Film, with additional beneficiaries like Chinese Online and Huace Film [4] - For marketing, recommended stocks are HuiLiang Technology and Inertia Media, while beneficiaries include BlueFocus Communication Group and Easy Point Tianxia [4] Group 4: IP Industry Growth - The IP industry is experiencing growth driven by overseas expansion, category diversification, and accelerated capitalization, with companies like Yuewen Group and Aofei Entertainment being recommended stocks [5] - The trend of IP companies expanding from online to offline and from virtual to physical products is expected to continue, contributing to sustained growth [5]

Group 1: Company Performance - Tao Li Bread reported a revenue decline of 12.88% year-on-year to 4.049 billion yuan for the first three quarters of 2025, with a net profit attributable to shareholders down 31.49% to 298 million yuan [1] - In Q3, Tao Li's revenue fell by 11.64% year-on-year to 1.437 billion yuan, and net profit dropped by 35.05% to 94 million yuan [1] - The company experienced a nationwide sales decline, with revenues in the North, Northeast, and East China regions decreasing by 10.14%, 14.24%, and 8.25% respectively, while the Central region saw a revenue increase of 7.78% to 60 million yuan [1] Group 2: Competitive Landscape - Bimbo Group is in an expansion phase in China, with a significant increase in effective sales points compared to the previous year, and is likely experiencing revenue growth [2] - Bimbo's growth is driven by B2B channels, including long-term supply agreements with well-known fast-food chains and airlines, and a recent strategic agreement with Dingdong Maicai for overseas business expansion [3] - Bimbo's B2B operations benefit from higher gross margins due to reduced channel costs and marketing expenses, with brand recognition aiding market entry [3] Group 3: Market Strategy - Bimbo's strategy of controlling scale while expanding B2B markets is seen as a viable path for survival in the current market environment [6] - Despite Bimbo's growth, it still has a distance to cover to match Tao Li's overall national scale, but focusing on key urban areas is considered beneficial for stable performance [5]

Group 1: Industry Overview - The media industry has experienced a cumulative increase of approximately 24% in 2025, driven by strong earnings and the impact of AI on profitability [15][16][17] - AI is enhancing the profitability of the media sector, potentially driving long-term growth and a prosperous content ecosystem [16][18] Group 2: AI and Its Applications - Continuous iteration and upgrades of large models by domestic and international tech giants are laying the foundation for a thriving AI application ecosystem [35][36] - The gaming industry is witnessing robust supply and demand, with a significant increase in the issuance of game licenses, totaling 1,532 in 2025, a 29% year-on-year increase [41][42] - AI is transforming the game development process, improving efficiency and innovation in gameplay design and narrative structure [53][54] Group 3: Sector-Specific Insights - The gaming sector's revenue grew by 24% year-on-year in 2025, with a notable 29% increase in Q3 alone, driven by new game releases and strong user engagement [23][25] - The film industry saw a 9% increase in revenue year-on-year, with a remarkable 110% increase in net profit, largely attributed to successful IP content like "Nezha 2" [24][31] - The advertising and marketing sector experienced a 6% revenue growth year-on-year, with a 14% increase in net profit in Q3, supported by AI-driven cost optimization [28][33] Group 4: Investment Recommendations - Recommended companies in the gaming sector include Giant Network, Kying Network, and Tencent Holdings, which are well-positioned to benefit from the ongoing AI integration [4][41] - In the film sector, companies like Mango Super Media and Shanghai Film are highlighted as key players benefiting from supportive policies and AI tools [4][24] - For the marketing sector, recommended companies include Huimai Technology and Inertia Media, which are expected to gain from AI advancements [4][28] Group 5: IP Expansion and Capitalization - The expansion of IP companies into overseas markets is becoming a core growth driver, with a focus on diversifying product categories [39][40] - Capitalization efforts are accelerating the growth of IP companies, with notable recommendations including Reading Group and Aofei Entertainment [39][40]