Group 1 - The company Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. has received approval for its initial public offering (IPO) of 16,279,025 shares on the ChiNext board, with a share price set at 27.00 yuan [1][2] - The issuance will involve a combination of strategic placement, offline inquiry-based placement, and online issuance to public investors, with strategic placement accounting for approximately 9.58% of the total shares [1][2][3] - The final number of shares for strategic placement was adjusted from an initial 2,441,853 shares to 1,559,259 shares due to a reallocation to offline issuance [2][3] Group 2 - The offline issuance will consist of 7,624,672 shares, while the online issuance will comprise 7,062,967 shares, with the final allocation being 51.80% for offline and 48.20% for online after the reallocation [3][4][9] - The initial subscription for the online issuance saw an oversubscription rate of 11,921.81 times, prompting the activation of a reallocation mechanism [3][4] - The total issuance costs for the IPO are approximately 68.01 million yuan, which includes underwriting fees, audit fees, legal fees, and other expenses [11]

9月23日，梅赛德斯-奔驰（中国）投资有限公司与北京字跳网络技术有限公司宣布签署升级战略合作备忘录，顶峰相遇，守正拓新，在坚持"奔驰标准"的同 时，共同推动人工智能（AI）技术的跨业务融合，树立汽车产业数智化创新合作的新典范。梅赛德斯-奔驰与字节跳动将在中国以用户为中心，以数据为驱 动，从智能辅助驾驶、智能座舱、智能化研发、数字化营销到客户运营的各个业务领域，提速AI技术的深度融合及创新应用，为中国客户带来符合"奔驰标 准"并不断升级的数字豪华新体验。梅赛德斯-奔驰集团股份公司董事会成员、负责大中华区业务的佟欧福（Oliver Thöne）和北京字节跳动董事长张利东出 席并见证签约。 为了更快更好地为中国客户带来符合其需求的智能化产品和服务，梅赛德斯-奔驰于2022年在上海成立研发中心，聚焦提速数字化研发。将随全新纯电CLA 推出的梅赛德斯-奔驰自研MB.OS架构可以实现软硬件解耦，轻松融入和顶尖科技伙伴们的合作成果，给客户带来量身定制的奔驰数字豪华体验。 在智能座舱领域，基于不断升级的梅赛德斯-奔驰智能座舱AI平台，融合字节跳动的AI能力，奔驰将实现智能应用的快速生成，打造持续进化的智能座舱。 依托字节跳动 ...

Core Viewpoint - The Hong Kong internet sector shows positive momentum with significant gains in major stocks, driven by advancements in AI infrastructure and investment opportunities in the sector [1] Group 1: Market Performance - The China Securities Hong Kong Internet Index rose by 1.9% and the Hang Seng Technology Index increased by 1.8% as of 11:10 AM [1] - Alibaba's stock surged over 7%, reaching a new high since 2022, while Kuaishou and Meituan saw increases of over 4% and 2%, respectively [1] - The E Fund Hang Seng Technology ETF (513010) has experienced net inflows for 20 consecutive trading days, with the latest scale reaching 20.6 billion, marking a historical high [1] Group 2: AI Infrastructure Development - Alibaba's CEO announced a proactive approach towards building a 380 billion AI infrastructure, with plans for continued investment to prepare for the ASI era [1] - By 2032, Alibaba Cloud's global data center energy consumption is expected to increase tenfold, with computational power investments rising exponentially [1] Group 3: Investment Opportunities - Analysts suggest that as AI capabilities evolve and applications penetrate further, the underlying AI-related assets in the Hong Kong internet sector may be revalued, presenting significant medium to long-term investment potential [1] - The rolling price-to-earnings ratios for the China Securities Hong Kong Internet Index and the Hang Seng Technology Index are around 25 times, positioned at the 27% and 33% percentiles since the indices were launched [1] - Investors can consider the Hong Kong Internet ETF (513040) and E Fund Hang Seng Technology ETF (513010) for convenient exposure to the Hong Kong technology and internet sectors [1]

Core Insights - Mercedes-Benz (China) Investment Co., Ltd. and ByteDance have signed an upgraded strategic cooperation memorandum to promote the integration of artificial intelligence (AI) technology across various business sectors [1][3] - The collaboration aims to enhance AI technology applications in areas such as intelligent assisted driving, smart cockpit, digital marketing, and customer operations [3][5] Group 1: Strategic Collaboration - The partnership is an upgrade following their initial collaboration with Volcano Engine in 2023, with the first Mercedes model featuring the Doubao large model set to launch this fall [3][5] - This collaboration marks ByteDance's significant step into the smart automotive sector [3] Group 2: Technological Integration - Mercedes-Benz established a research and development center in Shanghai in 2022, focusing on accelerating digital R&D [5] - The new electric CLA will feature the self-developed MB.OS architecture, allowing for seamless integration with top technology partners [5] - The smart cockpit AI platform will integrate ByteDance's AI capabilities for rapid application generation, enhancing user experience through a data-driven closed-loop system [5][6] Group 3: R&D Efficiency and Data Management - Mercedes-Benz's R&D team has developed a software development and operations platform, with Volcano Engine assisting in building a big data platform to enhance R&D efficiency [6] - The collaboration will leverage AI capabilities from Feishu to improve digital collaboration in R&D processes [6] Group 4: Digital Marketing and Customer Operations - Mercedes-Benz will work with ByteDance to explore new media marketing channels, utilizing Volcano Engine's strengths in big data and AI for deeper user insights [8] - The partnership will enhance customer operations through advanced cloud communication technology for precise information delivery [8] - The collaboration began in 2023, with the introduction of Volcano Engine into the Mercedes smart cockpit system [8] Group 5: R&D Network and Growth - Over 20 years in China, Mercedes-Benz has built a comprehensive R&D network outside Germany, with increasing investments leading to a "dual-engine" innovation strategy in Beijing and Shanghai [8] - The digital R&D team in China is the fastest-growing globally, responsible for various global projects, including new entertainment systems and intelligent parking features [8]

隔夜美股三大指数集体收跌，热门中概股普跌。港股三大指数集体低开，恒生指数跌0.33%，国企指数 跌0.3%，恒生科技指数跌0.54%。盘面上，大型科技股普遍继续下跌，百度跌近5%，快手跌1.55%，美 团、阿里巴巴、腾讯均走低；软件类股下跌明显，金山云跌超5%，机器人概念股、纸业股、內险股、 锂电池概念股纷纷下跌，其中，三花智控、优必选跌超2%，宁德时代跌1.3%。另一方面，集运欧线期 货主力合约日内涨幅扩大至3%，海运股普遍上涨，中远海能涨3%，濠赌股、电力股、新消费概念股活 跃，永利澳门、上海电气、沪上阿姨跌近2%。(格隆汇) ...

数据显示，当地时间9月23日，美股三大股指全线收跌，道琼斯工业指数跌0.19%，标普500指数跌0.55%，纳斯达克指数跌0.95%。其中，亚马逊跌超 3%，英伟达跌近3%。中概股普遍下跌，百度跌超8%，世纪互联跌近7%。 消息面上，根据央视新闻报道，当地时间9月23日，美联储主席鲍威尔就政策动向及经济形势表态称，就业市场下行风险增大，是促使美联储上周采取降 息行动的关键原因。 大型科技股集体下跌 当地时间9月23日，美股三大股指全线收跌。数据显示，截至收盘，道琼斯工业指数跌0.19%报46292.78点，标普500指数跌0.55%报6656.92点，纳斯达克 指数跌0.95%报22573.47点。 关税推高商品价格 大型科技股集体下跌，美国科技七巨头指数下跌1.54%。个股方面，亚马逊跌超3%，英伟达跌2.82%，特斯拉跌近2%，微软、Meta跌超1%，苹果、谷歌 小幅下跌。 中概股普遍下跌，纳斯达克中国金龙指数跌2.22%。个股方面，百度集团跌超8%，世纪互联跌近7%，亚朵跌近5%；小马智行涨超3%，奇富科技涨逾 2%。 据新华社报道，截至当地时间9月23日收盘，国际油价上涨。纽约商品交易所11月交货的轻 ...

9月23日，梅赛德斯-奔驰（中国）投资有限公司与北京字跳网络技术有限公司宣布签署升级战略合作备忘录，共同推动人工智能技术的跨业务融合，树立汽 车产业数智化创新合作的新典范。此次战略合作覆盖从智能辅助驾驶、智能座舱、智能化研发、数字化营销到客户运营的各个业务领域，提速AI技术的深 度融合及创新应用。梅赛德斯-奔驰集团股份公司董事会成员、负责大中华区业务的佟欧福（Oliver Thöne）和北京字节跳动董事长张利东出席并见证签约。 此次签约是2023年携手火山引擎后，梅赛德斯-奔驰同字节跳动合作的战略升级，搭载豆包大模型的首款奔驰车型——全新纯电CLA即将于今秋上市。 在智能座舱领域，基于不断升级的梅赛德斯-奔驰智能座舱AI平台，融合字节跳动的AI能力，奔驰将实现智能应用的快速生成，打造持续进化的智能座舱。 双方将依托字节跳动先进的豆包大模型、大数据技术与丰富内容生态，深化大语言模型、多模态大模型、生成式人工智能的合作，并整合娱乐、导航、生活 服务等多元场景，让智舱更个性化。未来，梅赛德斯-奔驰还将通过端云融合和安全稳定的云技术，构建数据驱动的全链路闭环体系，进一步提升智舱体 验。同时，火山引擎"AI云原生"核心 ...

天眼查App显示，近日，江西智玩科技有限公司成立，法定代表人为黄宇，注册资本5万人民币，经营 范围为许可项目：互联网直播技术服务，网络文化经营（依法须经批准的项目，经相关部门批准后在许 可有效期内方可开展经营活动，具体经营项目和许可期限以相关部门批准文件或许可证件为准）一般项 目：玩具销售，图文设计制作，组织文化艺术交流活动，体育用品及器材零售，办公用品销售，塑料制 品销售，母婴用品销售，文具用品批发，文具用品零售，教学用模型及教具销售，教育咨询服务（不含 涉许可审批的教育培训活动），技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广，信 息技术咨询服务，玩具、动漫及游艺用品销售，咨询策划服务，会议及展览服务，摄像及视频制作服 务，企业形象策划，互联网销售（除销售需要许可的商品）（除依法须经批准的项目外，凭营业执照依 法自主开展经营活动）。 ...

Core Viewpoint - Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. has received approval for its initial public offering (IPO) of 16.279025 million shares of ordinary shares (A-shares) and will be listed on the Growth Enterprise Market [1][4] Group 1: IPO Details - The IPO has been approved by the Shenzhen Stock Exchange's listing review committee and registered by the China Securities Regulatory Commission [1] - Investors must ensure sufficient funds in their accounts by September 23, 2025 (T+2) to fulfill their subscription obligations [1][2] - Any shares not subscribed by online investors will be underwritten by the lead underwriter, Guojin Securities Co., Ltd. [1] Group 2: Subscription and Payment Rules - If the total number of shares subscribed by both offline and online investors is less than 70% of the total offering after deducting the final strategic placement, the IPO will be suspended [2] - Investors who fail to pay for shares after winning a subscription three times within 12 months will be prohibited from participating in online subscriptions for six months [2][3] Group 3: Lottery and Allocation - The lottery for the online issuance was conducted on September 22, 2025, under the supervision of a notary public [3] - A total of 14,190 winning numbers were announced, with each winning number eligible to subscribe for 500 shares of Yunhan Chip City A-shares [3]

Core Points - The new regulation introduced by President Trump significantly increases the H-1B visa application fee from nearly $1,000 to $100,000, causing panic among U.S. companies and employees [1][3] - The regulation is effective from September 21, 2023, and applies to new applicants or pending applications, while current visa holders are not affected [3][4] - Major tech companies like Microsoft, Amazon, and Apple have advised their H-1B visa-holding employees to remain in the U.S. and avoid travel to prevent complications [4][5] Company Impact - The increase in H-1B visa fees could lead to a sharp rise in labor costs for large tech companies that rely on foreign talent, potentially shifting their hiring practices towards local labor [7][8] - Companies are reportedly scrambling to track the locations of their employees to assist with travel arrangements, indicating a high level of concern within corporate HR departments [5][6] - Smaller tech firms and startups may find the new fee structure unsustainable, which could hinder their ability to recruit international talent and may force them to relocate high-value jobs overseas [7][8] Industry Implications - The new policy may inadvertently lead to job relocations outside the U.S., particularly in research and development sectors, which could be counterproductive to the intended goals of protecting American workers [8] - The tech industry, particularly in Silicon Valley, has a high concentration of H-1B visa holders, with over 70% of these visas issued to Indian nationals [6][7] - The potential for reduced interest from international students in studying in the U.S. could further impact the talent pool available to American companies [8][9]