我们将在网信部门的指导下，以此为戒，举一反三，切实履行信息内容管理主体责任和社会责任。同时 虚心接受广大用户和社会舆论监督，积极维护清朗网络空间。 对此，小红书公告回应：我们诚恳接受，深刻吸取教训，认真落实整改要求。 我们已对照网信部门的要求，第一时间成立整改专项工作小组，推进热搜榜单生态专项治理，进一步提 升热搜榜单管理能力。 （原标题：小红书回应被查：推进热搜榜单生态专项治理） 近日，因"在热搜榜单重点环节频繁呈现多条炒作明星个人动态和琐事类词条等不良信息内容"，网信部 门对小红书平台进行约谈并采取处罚措施。 ...

Core Viewpoint - Momo, once a leading dating app, is experiencing a significant decline in user engagement and revenue, particularly among younger demographics, as it struggles to adapt to changing social preferences and competition from newer platforms [1][3][4]. Group 1: Financial Performance - Momo's total revenue for Q2 was 2.62 billion yuan, a year-on-year decrease of 2.6%, marking the 22nd consecutive quarter of revenue decline since Q4 2020 [1]. - The number of paying users has plummeted from 7.2 million to 3.5 million year-on-year, representing a 51.4% decrease [1]. - The monthly active users of Momo's other dating app, Tantan, fell from 12.9 million to 10.2 million, with paying users dropping by 30% to 700,000 [1]. Group 2: User Demographics and Preferences - Momo's user base is increasingly skewed towards older demographics, with over 75% of users aged 25 and above, and nearly half of male users aged 41 and older [9]. - The app's original model, which focused on location and appearance, is now considered outdated by younger users who prefer connecting based on shared interests and values [4][9]. - The shift in user demographics has led to Momo becoming a platform primarily for middle-aged and older users, with a notable lack of engagement from younger individuals [4][10]. Group 3: Revenue Streams and Challenges - Momo's revenue has heavily relied on live-streaming services, which have seen a decline due to regulatory scrutiny and competition from platforms like Douyin and Kuaishou [10]. - The spending habits of older users are less robust compared to younger users, making it difficult for Momo to sustain its financial performance [10]. - The company is attempting to control costs to mitigate revenue decline but is still searching for effective strategies for recovery [12].

此前报道： 近日，针对小红书平台未落实信息内容管理主体责任，在热搜榜单重点环节频繁呈现多条炒作明星个人动态和琐事类词条 等不良信息内容，破坏网络生态问题，国家网信办指导上海市网信办，依据《网络信息内容生态治理规定》等有关规定，对小 红书平台采取约谈、责令限期改正、警告、从严处理责任人等处置处罚措施。 凤凰网科技讯 9月11日，小红书平台热搜榜单管理不善问题被网信部门约谈并采取处罚措施后，小红书官方回应表示诚恳 接受，深刻吸取教训，认真落实整改要求。 小红书官方表示已对照网信部门的要求，第一时间成立整改专项工作小组，推进热搜榜单生态专项治理，进一步提升热搜 榜单管理能力。并将在网信部门的指导下，以此为戒，举一反三，切实履行信息内容管理主体责任和社会责任。同时虚心接受 广大用户和社会舆论监督，积极维护清朗网络空间。 （责任编辑：刘静 HZ010） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性 提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com ...

我们将在网信部门的指导下，以此为戒，举一反三，切实履行信息内容管理主体责任和社会责任。同时虚心接受 广大用户和社会舆论监督，积极维护清朗网络空间。 我们已对照网信部门的要求，第一时间成立整改专项工作小组，推进热搜榜单生态专项治理，进一步提升热搜榜 单管理能力。 新京报讯 9月11日，小红书薯管家发布公告。公告原文如下： 近日，网信部门对小红书平台热搜榜单管理不善问题进行约谈并采取处罚措施。对此，我们诚恳接受，深刻吸取 教训，认真落实整改要求。 ...

Core Viewpoint - The Cyberspace Administration of China has taken punitive measures against Xiaohongshu for poor management of its trending search list, highlighting the need for platforms to fulfill their content management responsibilities [2][3]. Group 1: Regulatory Actions - The Cyberspace Administration of China conducted an interview with Xiaohongshu regarding its failure to manage harmful content on its trending search list, which included excessive promotion of celebrity gossip and trivial information [3]. - The regulatory body has mandated Xiaohongshu to rectify these issues within a specified timeframe and has issued warnings while holding responsible individuals accountable [3]. Group 2: Company Response - Xiaohongshu has acknowledged the regulatory actions and expressed a commitment to learn from the incident, stating that it will implement corrective measures [2][3]. - The company has established a special task force to enhance the management capabilities of its trending search list and ensure compliance with regulatory requirements [2][3]. - Xiaohongshu has committed to accepting public and social scrutiny while striving to maintain a clear and healthy online environment [2][3].

9月11日，据网信中国消息，近日，国家网信办指导上海市网信办，对小红书平台采取约谈、责令 限期改正、警告、从严处理责任人等处罚，处罚事由为"小红书平台未落实信息内容管理主体责 任，在热搜榜单重点环节频繁呈现多条炒作明星个人动态和琐事类词条等不良信息内容，破坏网络 生态"。 千瓜数据显示，8月，明星赵露思的小红书账号涨粉431.18万，是今年小红书单月涨粉数量最多的 博主。通常情况下，小红书账号排行榜第一的博主，单月粉丝增量一般在60万—130万量级。赵露 思在小红书的活跃，无疑代表了泼天流量的来临。 8月底，小红书月活跃用户迈过3.5亿大关，但和微博、抖音等 平台相比，小红书长期被指其社区生态迄今没有培养出绝对顶 流博主。 作者： 陈月芹 封图：图虫创意 8月，赵露思与经纪公司公开决裂并决定注销微博账号。之后，赵露思转战小红书，开启连续多日 的直播。到小红书直播的第二日，8月5日18时，赵露思小红书账号的粉丝数突破2000万，小红书 官方发出祝贺"赵露思成为小红书首位粉丝数突破2000万的创作者"的海报和图文。赵露思相关词 条频现热搜榜，高峰时，"小红书热点"榜上20条热点中有8条与她相关，小红书的首页信息流 ...

9月11日，据网信中国消息，近日，国家网信办指导上海市网信办，对小红书平台采取约谈、责令限期 改正、警告、从严处理责任人等处罚，处罚事由为"小红书平台未落实信息内容管理主体责任，在热搜 榜单重点环节频繁呈现多条炒作明星个人动态和琐事类词条等不良信息内容，破坏网络生态"。 8月底，小红书月活跃用户迈过3.5亿大关，但和微博、抖音等平台相比，小红书长期被指其社区生态迄 今没有培养出绝对顶流博主。 2019年5月，小红书升级了品牌合作人规则，陷入"清洗KOL"的舆论风波。同月接受《中国企业家》专 访时，小红书创始人瞿芳称，小红书97%的内容是由UGC（用户生成内容）贡献的，"当KOL也在给我 们贡献大量优质内容的时候，我们不要忘了自己姓什么"。 瞿芳通过这句话提醒团队，在平台发展过程中，即使面对明星流量、商业化压力等挑战，也要坚守以普 通用户创作为主导的内容生态，避免过度依赖头部博主或明星流量，确保平台的社区属性和用户价值。 这是小红书成立12年来第一次被网信部门单独约谈。此前，2021年7月，小红书和快手、腾讯QQ、淘 宝、新浪微博等平台曾因传播儿童软色情表情包、利用未成年人性暗示短视频引流等，被网信部门约谈 和 ...

Group 1 - The core issue is that Xiaohongshu platform was summoned by the Shanghai Cyberspace Administration for failing to manage harmful content effectively, which disrupts the online ecosystem [3] - The platform frequently displayed inappropriate content related to celebrity gossip and personal matters on its trending list, leading to regulatory action [3] - The regulatory body emphasized the importance of maintaining a clean and healthy online environment, indicating ongoing efforts to address violations that harm the online ecosystem [3] Group 2 - Xiaohongshu was established in 2013, initially serving as a guide for overseas shopping, commonly referred to as "Hai Tao" [5] - The platform quickly gained popularity, achieving tens of thousands of downloads within a month of its launch [5] - Over time, Xiaohongshu evolved into a leading "grass-planting" community in China, known for its strong social attributes and content generation capabilities [5]

Index Performance - The HSI closed at 26,200, up 1.0% in one day and 30.6% year-to-date [1] - The HSCEI closed at 9,328, up 0.9% in one day and 28.0% year-to-date [1] - The HSCCI closed at 4,377, up 0.6% in one day and 15.8% year-to-date [1] - The MSCI HK closed at 13,646, up 1.2% in one day and 29.2% year-to-date [1] - The MSCI CHINA closed at 86, up 0.6% in one day and 33.1% year-to-date [1] - The FTSE CHINA A50 closed at 14,844, up 0.5% in one day and 9.9% year-to-date [1] - The CSI 300 closed at 4,445, up 0.2% in one day and 13.0% year-to-date [1] - The TWSE closed at 25,193, up 1.4% in one day and 9.4% year-to-date [1] - The SENSEX closed at 81,101, up 0.4% in one day and 3.8% year-to-date [1] - The NIKKEI 225 closed at 43,838, up 0.9% in one day and 9.9% year-to-date [1] - The KOSPI closed at 3,315, up 1.7% in one day and 38.1% year-to-date [1] - The ASX 200 closed at 8,805, down 0.2% in one day and up 6.4% year-to-date [1] - The DJIA closed at 45,491, down 0.5% in one day and up 6.9% year-to-date [1] - The S&P 500 closed at 6,532, up 0.3% in one day and 11.1% year-to-date [1] - The FTSE 100 closed at 9,225, down 0.2% in one day and up 12.9% year-to-date [1] Commodity Price Performance - Brent Crude closed at US$68/bbl, up 1.8% in one day and down 6.2% year-to-date [2] - Gold closed at US$3,641/oz, up 0.4% in one day and 38.7% year-to-date [2] - Copper closed at US$9,914/t, unchanged in one day and up 13.1% year-to-date [2] - Aluminum closed at US$2,626/t, up 0.2% in one day and 3.9% year-to-date [2] - Nickel closed at US$14,917/t, down 0.8% in one day and 1.3% year-to-date [2] - CH domestic steel rebar 25 closed at RMB3,244/t, unchanged in one day and down 9.1% year-to-date [2] - CH domestic high speed wire closed at RMB3,614/t, down 0.1% in one day and 5.1% year-to-date [2] - CH domestic hot rolled steel closed at RMB3,420/t, down 0.1% in one day and 1.5% year-to-date [2] - CH domestic cold rolled steel closed at RMB3,914/t, unchanged in one day and down 6.7% year-to-date [2] - The BDI index closed at 2,019, unchanged in one day and up 102.5% year-to-date [2] Key Macro and Earnings Releases - US Initial Jobless Claims were 237.0k, higher than the consensus of 235.0k [3] - US Continuing Jobless Claims were 1,940.0k, lower than the consensus of 1,950.0k [3] - US CPI urban consumers MoM was 0.2%, lower than the consensus of 0.3% [3] - US CPI urban consumers YoY was 2.7%, lower than the consensus of 2.9% [3] - US CPI urban consumers was 323.0, lower than the consensus of 323.9 [3] - The Univ. of Michigan Sentiment was 58.2, higher than the consensus of 58.0 [3] - US Treasury Federal Budget Deb was -$291.1 billion, better than the consensus of -$340.0 billion [3] - FOF Federal Reserve US Household was -1,594.6% [3] - US Empire State Manufacturing was 11.9, higher than the consensus of 4.9 [3] - US Import Price Index Chg was 0.4% [3] - US Import Price Index YoY was -0.2% [3] - US capacity utilization was 77.5%, higher than the consensus of 77.4% [3] - US Industrial Production MoM was -0.1%, lower than the consensus of 0.0% [3] - US Industrial Production Indus MoM was 0.0% [3] - US Manufacturing & Trade Inven Mon was 0.2%, in line with the consensus [3] - Adjusted Retail & Food Service Mon was 0.5%, higher than the consensus of 0.3% [3] - Adjusted Retail Sales Less Auto MoM was 0.2%, lower than the consensus of 0.5% [3] Key BOCI Events - Zhou Liu Fu (Tencent Meeting at 10:30am) 6168.HK on 11 Sep [4] - BOCI Online Expert Seminar - Innovative Drug Lecture - Targeting the New Future Series IX: WCLC Innovative Drug Data Interpretation (Tencent Meeting at 4:30pm) on 11 Sep [4] - BOCI Online Expert Seminar - Domestic Server Industry Landscape and Outlook (Tencent Meeting at 4:30pm) on 11 Sep [4] - BOCI Online Expert Seminar - Overseas Hard Tech Seminar: Focus on AI ASIC Chip Thermal Design (Tencent Meeting at 3:30pm) on 11 Sep [4] - Raphael Chen - Internet Sector Marketing (1x1) in HK on 11 - 12 Sep [4] - Tony Fei - Power Sector Marketing (1x1) in SH on 15 - 16 Sep [4] - Raphael Chen - Media Sector Marketing (1x1) in SH on 18 - 19 Sep [4] - Luk Fook (Tencent Meeting at 11am) 0590.HK on 25 Sep [4] - Fortior Tech 峰岹科技 (1x1, Group Lunch) 1304.HK/688279.CH on 26 Sep [4] China Economy - In August, CPI edged down 0.4% YoY after being unchanged in July, while core CPI grew 0.9% YoY, up 0.1ppt from July [5][7] - The "industrial anti-involution" policy further took effect in August, improving the prices of durable goods CPI and some raw material PPI growth [5][7] - PPI dropped 2.9% YoY in August after falling 3.6% YoY in July, and the growth trend of both CPI and PPI is expected to gradually pick up amid the low base last year, narrowing the decline of GDP deflator [6][7] Hello Group Inc - The company's rating is HOLD, with a target price of US$8.30 and a current price of US$7.88 [8] - In 2Q25, the topline was -3% YoY, meeting BOCIe. Excluding non-recurring RMB548m accrual withholding tax, adj. NPM was 17.2%, beating consensus [8] - ROI remains the top assessment benchmark for operating domestic core Momo, Tantan and overseas businesses in 2H25. The company is expected to dynamically increase the revenue sharing ratio for core Momo in 2H25 to offset the negative impact of strict tax scrutiny [9][10] - The company will implement a more prudent model for its overseas expansion in 2H25 [9][10]

近日，针对小红书平台未落实信息内容管理主体责任， 在热搜榜单重点环节频繁呈现多条炒作明星个人动态和琐事 类词条等不良信息内容，破坏网络生态问题 ，国家网信办指导上海市网信办，依据《网络信息内容生态治理规定》 等有关规定， 对小红书平台采取约谈、责令限期改正、警告、从严处理责任人等处置处罚措施。 责编：王璐璐 校 对： 祝甜婷 百万用户都在看 打卡！600万！ A股，风云突变！发生了什么？ 刚刚！宁德时代，突爆大消息！ 闹大了！特朗普，最新回应！ 突发！巴菲特，重大警告！发生了什么？ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 券 商 中 国 × 券 中 社 扫 码 下 载 券 中 社 A P P 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 券中社APP 弊中社 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权, 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 网络空 ...