中国企业的出海场景，从一开始就有上公有云的选项。不过， 大多数企业只是让单系统上云，管理层轻易不敢尝试将核心系 统搬上云，甚至有不少企业需要在线下建几个数据中心才能做 到出海。 作者：钱玉娟 封图：图虫创意 进入6月，国内各个手机应用商店上线了一款名为"拍我AI"的App，该应用由北京爱诗科技有限公 司（下称"爱诗科技"）开发，是火爆海外的AI应用PixVerse的中国版本。 爱诗科技是专注于视频生成技术研发与创新的AI独角兽企业，PixVerse是其第一款AI视频生成产 品，于2024年1月上线，当时美国AI巨头OpenAI的视频生成模型Sora还未出世。 在今年6月以前，这家中国基因的AI公司讲的故事都在海外。PixVerse在今年一度冲上美国iOS应 用商店总榜第四，截至4月，PixVerse移动端的月活跃用户达1619万。 之所以在成立第一天就锚定了出海，爱诗科技联合创始人谢旭璋解释，AI模型与应用企业需要将 全球化放在第一位，直面全球最好的大模型研发厂商及应用团队，思考做出最好的技术和产品。 视频的通用性，让爱诗科技面对不同的地域文化时没有太多壁垒，但团队在技术上遇到了较大挑 战。 爱诗科技的训练数 ...

2025/6/5 21:10 市场洞察 - 重点报道 --- Market Insights - Marquee Market Insights | Markets | Equities https://marquee.gs.com/content/markets/en/2025/06/05/8bfea8c8-65de-4b89-8acb-5c4df1e9335e.html 1/11 市场洞察 | 市场 | 股票 GS US TMT: ..today (MDB, ACN) .. ⾼盛美国科技媒体电信板块：……今⽇ 关注（MDB，ACN）…… GS US TMT: All references to "we/us/our" refer to the views and observations of the desk. ⾼盛美国 TMT ：所有提及 " 我们 / 我们的 " 均指本部⻔的观点和观察。 Goldman Sachs FICC and Equities ⾼盛固定收益、货币与⼤宗商品及股票部⻔ GS SECTOR SPECIALISTS: TMT ⾼盛⾏业专家：TMT GS US TMT: .. tod ...

中国经济网北京6月5日讯5月30日，南方都市报发布《3年跑输基准超10%将降薪哪些基金经理"亮红灯"？》一文。文 中称，截至5月21日，全市场成立满三年、现任基金经理管理时长超过三年的公募基金共有近6000只(注：同一产品不 同份额，只统计一次)，其中，1341只基金近三年累计收益率低于同期业绩比较基准超10个百分点，涉及735位基金经 理。 在跑输基准的基金中，有31只基金产品近三年累计收益率低于基准超50个百分点，这其中包括金鹰基金韩广哲管理的 金鹰改革红利等多只产品。 金鹰改革红利混合成立于2015年12月2日，截至2025年6月4日，该基金近1年、近2年、近3年的阶段涨幅分别 为-13.41%、-37.29%、-49.62%，同期同类平均涨幅为7.40%、-2.84%、-5.73%，同期沪深300涨幅为7.00%、 0.18%、-5.40%。截至2025年6月4日，该基金累计净值1.3170元。 据一季报披露，金鹰改革红利混合保持了中高水平股票仓位，配置以成长风格、顺周期为主，重点布局了消费电子供 应链龙头公司、半导体芯片制造、整车智驾应用、工程机械、AI+医疗、创新药等板块，减持了半导体设备、银行等 ...

1. 近日，上交所发布《关于试点公司债券续发行和资产支持证券扩募业务有关事项的通知》 （以下简称《通知》），正式开展公司债券续发行工作。 2.金山办公公告称，公司于2025年6月4日召开第四届董事会第一次会议，审议通过《关于聘 任公司名誉董事长的议案》，同意继续聘任雷军为公司名誉董事长。雷军为公司创始人、实 际控制人，将指导和帮助公司在技术创新、管理优化、推进企业文化传承与发展等方面发 展。 雷军担任名誉董事长后，不享有作为董事以外的其他权利、承担其他义务，不因担任名誉 董事长而在公司领取薪酬。 3. 企查查App显示，近日，深圳市人工智能终端产业私募股权投资基金合伙企业（有限合 伙）成立，出资额为14.4亿元，经营范围包含以私募基金从事股权投资、投资管理、资产管 理等活动。出资人之一正是荣耀。 5、财政部、生态环境部、国家发展改革委等部门4日发布《关于进一步健全横向生态保护补偿机制的 意见》。其中提到，到2027年，长江、黄河干流统一的横向生态保护补偿机制建成并稳定运行，主要 今日导读 3、国家能源局发布关于组织开展新型电力系统建设第一批试点工作的通知，其中提出，重点在保供偏 紧或消纳压力较大地区，新建或改 ...

关注 「电动车公社」 和我们一起重新思考汽车 以下是上周新能源圈的新闻： 新车上市： 一汽奔腾悦意07上市，售价9.98-12.99万元； 尊界S800上市，售价70.8-101.8万元起，上市48小时大定2100台； 新款小鹏MONA M03上市，售价11.98-13.98万元； 吉利雷达金刚EM-P&地平线EM-P上市，售价13.98-15.98万元； 新款宝骏悦也Plus上市，售价7.68-10.58万元； 新款捷途山海T1上市，售价13.49-17.99万元； 新款蔚来ET5/ET5T上市，售价29.8万元起； 广汽传祺向往M8上市，售价35.99-40.99万元； 公司动态： 蔚来世界模型NWM首个版本开启推送； 理想汽车发布2025年第一季度财报； 极氪与蔚来达成充电网络双向互联互通合作； 小米发布2025一季度财报，净利润首次突破百亿； 国内新闻： 中汽协发布红头文件，倡议反对价格战、内卷式竞争； 2025粤港澳大湾区车展开幕； 国际新闻 ： 韩国LG和三星SDI即将在美国增设电池产线； 马斯克从特朗普政府离职； 新车上市 1 、 一汽奔腾悦意07上市 售价9.98-12.99万元 5月26日， ...

Market Performance - The S&P 500 gained 6.1% in May, marking its best performance since an 8.9% rise in November two years ago [2] Employment and Labor Market - Economists expect a gain of 130,000 in nonfarm payrolls for May, with the unemployment rate remaining steady at 4.2% [5] - Wells Fargo economists indicate that May's employment report will reflect the labor market's response to recent trade uncertainties, with hiring appetite among firms remaining low [6][7] - New job postings on Indeed fell to their lowest level since 2020 in May, and hiring plans among small businesses are near cycle lows [7] Earnings Reports - Broadcom is expected to report a 43% year-over-year increase in profit and nearly 20% growth in revenue, driven by AI-related demand and strong semiconductor positioning [8] - CrowdStrike is anticipated to post EPS of $0.66 on revenue of $1.11 billion, with RBC analysts expressing optimism for software stocks in 2025 [10] Bond Market Concerns - Jamie Dimon warns of a potential crack in the bond market due to rising federal debt, urging the government to take remedial measures [11][12] - Dimon suggests that the timeline for a potential crisis could range from six months to six years [13] EV Market Performance - XPeng reported May deliveries of 33,525 Smart EVs, a 230% year-over-year increase, and a year-to-date total of 162,578 Smart EVs, up 293% [13] - Li Auto delivered 40,856 vehicles, up 16.66% year-over-year, while NIO delivered 23,231 vehicles, a 13.1% year-over-year increase [14] Financial Market Outlook - BofA indicates that financial markets are at a high-stakes inflection point, with risk assets poised for a significant move, either a breakout or a breakdown [16]

Core Viewpoint - The launch of the ZunJie S800 marks a significant step in China's high-end automotive manufacturing, integrating advanced technology and aesthetics to redefine the standards of ultra-luxury sedans [1][3]. Design and Aesthetics - The ZunJie S800 features a "Heaven, Earth, and Humanity" design philosophy, incorporating cutting-edge technology and craftsmanship, such as the dual million-pixel starry headlights and dynamic tail lights [5][8]. - The vehicle's body design boasts a low drag coefficient of 0.206cd, with a unique six-color paint process and a mirror-like finish [8]. - It offers six exclusive exterior colors and five interior color options, allowing for a high degree of personalization [14]. Comfort and Experience - The ZunJie S800 has a spacious interior with dimensions of 5480×2000×1542mm and a wheelbase of 3370mm, designed for maximum comfort [16]. - It features an intelligent variable starry sky roof and a comprehensive ambient lighting system, enhancing the luxurious experience [18]. - The vehicle includes advanced seating options, such as the industry's first dual zero-gravity seats in the rear, providing exceptional comfort [20]. Performance and Technology - The ZunJie S800 is equipped with an autonomous intelligent digital chassis, featuring a decision-making latency of less than 1ms and a tenfold increase in processing capability [30]. - It offers impressive acceleration times, with the pure electric version achieving 0-100 km/h in 4.3 seconds [32]. - The vehicle supports rapid charging capabilities, with the ability to charge from 10% to 80% in just 10.5 minutes [36]. Safety Features - The ZunJie S800 employs a new vehicle architecture with high-strength materials, achieving a C-NCAP five-star safety rating [38]. - It includes advanced safety technologies such as the HUAWEI ADS 4 intelligent driving assistance system and a comprehensive collision avoidance system [34][44]. - The vehicle's battery safety features exceed national standards, ensuring consumer confidence in its safety [42]. Pricing and Availability - The ZunJie S800 is priced between 70.8 million and 101.8 million yuan, with various configurations available [46]. - The initial sales period allows for pre-order benefits, including discounts and exclusive packages, with limited availability of 599 units for the first delivery [46].

Japan Equity Research May 26, 2025 Auto/Auto Parts/Tire Sector Head of Japan Equity Research Japan: Auto / Auto Parts / Tires Akira Kishimoto AC 813-6736-8646 akira.x.kishimoto@jpmorgan.com JPMorgan Securities Japan Co., Ltd. See the end pages of this presentation for analyst certification and important disclosures, including non-US analyst disclosures. J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a co ...

Summary of Key Points Core Viewpoint - Numerous companies are lowering their profit forecasts for 2025 due to the impact of tariffs and economic uncertainty, indicating a broader trend of caution across various industries. Group 1: Retail Sector - Abercrombie & Fitch lowered its full-year profit forecast for 2025, citing a $50 million hit from tariffs, including a 30% tariff on imports from China and a 10% tariff on other imports [1][2] - Macy's also reduced its earnings per share outlook for the year, attributing it to tariffs, moderation in consumer spending, and increased competition [3] - Target expects sales to decline throughout 2025, previously projecting a 1% growth, due to weaker spending linked to tariff uncertainties [3] Group 2: Consumer Goods and Food & Beverage - Diageo warned of a $150 million hit to annual profits in 2025 but plans to offset half of this impact through unspecified actions [4] - PepsiCo lowered its earnings forecast for 2025, facing higher supply chain costs due to tariffs and a volatile consumer environment [15] - Kraft Heinz also lowered its outlook, citing a volatile operating environment influenced by tariffs and inflation [13] Group 3: Automotive Industry - Ford expects tariffs to reduce its earnings before interest and taxes by about $1.5 billion in 2025 and has suspended its full-year guidance [8] - General Motors lowered its earnings forecast to between $10 billion and $12.5 billion, down from $13.7 billion to $15.7 billion, due to the impact of tariffs [12] - Toyota estimated a $1.25 billion profit loss in April and March due to U.S. tariffs, forecasting a nearly 21% dip in operating income through 2025 [5] Group 4: Technology and Electronics - AMD anticipates a $1.5 billion revenue loss in 2025 due to restrictions on chip shipments to China [7] - Apple expects a $900 million hit to its bottom line in the second quarter due to tariffs, complicating future predictions [10] - Logitech withdrew its outlook for the 2026 fiscal year due to ongoing tariff uncertainties [17] Group 5: Airlines and Transportation - JetBlue and Alaska Airlines both pulled their full-year guidance for 2025 due to macroeconomic uncertainty [13][17] - Delta Airlines withdrew its full-year guidance, citing broad macro uncertainty [18] - United Airlines issued a second guidance featuring significantly lower earnings for 2025, reflecting the unpredictable economic environment [17] Group 6: Miscellaneous - Steve Madden withdrew its financial guidance for 2025, facing heightened uncertainty from new tariffs [6] - Rivian lowered its targets for vehicle deliveries and capital spending for 2025 due to significant uncertainty in the global economic landscape [6] - Snap declined to issue guidance for its second quarter, citing uncertainty in macroeconomic conditions affecting advertising demand [14]

Hello there! The warmer weather might mean some post-work festivities. But just because you're off the clock doesn't mean anything goes. An etiquette expert offered tips on what not to order when you're out with work people. In today's big story, we're previewing what to expect from Nvidia's big earnings report after the bell. What's on deck Markets: BlackRock's bond chief shared some trades he's eyeing. Tech: General Catalyst's leader is taking the VC down the road less traveled. Business: Gen Z saw sex wo ...