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城记 | 探访古镇新经济:解析南翔数字“潮力”背后的生态密码
Xin Hua Cai Jing· 2025-10-11 07:47
新华财经上海10月11日电 (谷青竹) 10月8日,南翔国潮大会的全息光影收束于双塔飞檐,这场"黄金 周"盛会的鲜活表达,恰成为观察千年古镇产业焕新的又一扇窗口——南翔的"潮",藏在动漫产业的创 意里、融在AI技术的应用中。而这份浸润着烟火气的科技感,不只是一场大会的亮眼点缀,更是数字 产业在南翔蓬勃生长的直观印证。为探寻"潮力"背后的产业逻辑,新华财经走进这个兼具古韵与新意的 小镇,实地解析其数字产业的生态密码。 好口碑:帮助一家企业,解决一类问题 "南翔的数字产业是从无到有发展起来的。"回顾起步历程,南翔镇镇长叶斌感慨道。以游戏产业的扎根 为例,其与这座古镇的缘分,始于2009年的一次偶然相遇:当时,蓝天经济城总经理裴家文结识了28岁 的游族网络创始人,这位创业者正为企业寻觅"新家",而南翔以开放包容的姿态,成为了他的最终选 择。 相识虽属偶然,壮大却有着必然逻辑——彼时游戏企业普遍面临版号有限等共性难题,南翔并未停留在 常规服务层面,而是主动协调资源、积极向上反馈,为企业从根源上化解难题出谋划策。游族网络落地 后,没过几年便实现年纳税上千万元。 "现在很多企业愿意落户南翔,就是奔着能在这里获得实实在在的 ...
微软广告,终于找到了接盘侠
Hu Xiu· 2025-10-10 23:29
自宣布关停后,微软广告的DSP业务终于找到了接盘侠——亚马逊。 10月7日,微软广告全球合作与零售媒体副总裁琳恩·乔尔索(Lynne Kjolso)发布了一个博客:亚马逊 与微软宣布建立首选DSP及认证库存来源交换合作关系。核心信息有三个: 1. 微软广告的DSP需求方平台Invest将2026年2月28日前关闭。 回顾微软在广告领域的扩张路线。从收购Xandr开始,微软其实是有野心的:构建一套完整的程序化广 告栈,从DSP到SSP,从自有媒体(MSN、Outlook、Xbox、LinkedIn)到开放网络,配合Bing搜索与 Copilot生态,原本有可能成为一个"广告的AI平台范式"。 2025年Q2,微软广告收入达到34亿美元,同比增长9.2%,创下历史新高。按全年计算,这意味着微软 广告业务的营收规模可能突破140亿美元,已经跻身全球广告营收前五的平台。 但最终,微软还是放弃了构建完整广告栈的旧战场,转向由Copilot驱动的"对话式广告体验"——一个它 认为能与AI主航道深度融合的新战场。 2. Invest上广告主将由亚马逊DSP接管。 3. 微软广告的供应方SPP平台Monetize,将加入亚马 ...
力盟科技股东将股票存入香港上海汇丰银行 存仓市值4.44亿港元
Zhi Tong Cai Jing· 2025-10-10 00:57
香港联交所最新资料显示,10月9日,力盟科技(02405)股东将股票存入香港上海汇丰银行,存仓市值 4.44亿港元,占比46.25%。 力盟科技公布2025年中期业绩,集团收入325万美元,同比减少55.89%;税后亏损375.8万美元,同比盈 转亏;每股亏损0.47美仙。公告称,收入减少主要归因于全球经济波动及地缘政治不确定性等复杂因素 导致集团客户的数字广告预算大幅减少。 ...
力盟科技(02405)股东将股票存入香港上海汇丰银行 存仓市值4.44亿港元
智通财经网· 2025-10-10 00:52
力盟科技公布2025年中期业绩,集团收入325万美元,同比减少55.89%;税后亏损375.8万美元,同比盈 转亏;每股亏损0.47美仙。公告称,收入减少主要归因于全球经济波动及地缘政治不确定性等复杂因素 导致集团客户的数字广告预算大幅减少。 智通财经APP获悉,香港联交所最新资料显示,10月9日,力盟科技(02405)股东将股票存入香港上海汇 丰银行,存仓市值4.44亿港元,占比46.25%。 ...
纳斯达克已成低价股IPO的首选市场
Xin Lang Cai Jing· 2025-10-08 11:31
来源:环球市场播报 纳斯达克(期货代码:NQ=F)向来被视为科技股的 "主场",英伟达(NVDA)、苹果(AAPL)、微 软(MSFT)等科技巨头均在此上市。然而在该交易所的另一板块,财务前景存疑的海外小型企业所发 起的新型低价股 IPO(首次公开发行)正大量涌现。 上个月完成 IPO 的企业中,有一家在开曼群岛注册、为马来西亚虾场提供维护服务的公司,该公司仅 拥有 4 名员工。这家名为梅根控股(Megan Holdings,股票代码:MGN)的企业,IPO 发行价定为每股 4 美元,募资总额 500 万美元。 过去两年间,此类微型市值公司(microcap)的 IPO 数量激增,这一现象也成为投机热潮席卷投资界多 个领域的又一信号。这些股票往往先吸引普通投资者入场,随后股价便大幅下跌;另有部分股票在宣布 更名、涉足加密货币或人工智能领域后,股价曾出现惊人涨幅。 纳斯达克已承诺整顿此类现象,并于 9 月 3 日向美国证券交易委员会(SEC)申请批准收紧上市标准, 对小型中概股的限制尤为严格。此前,投资者与议员纷纷批评这类上市项目已沦为欺诈与操纵市场行为 的 "温床"。不过,SEC 对此项申请的最终批准可能还需 ...
高盛版“AI叙事框架”:关于AI的五个关键争议
Hua Er Jie Jian Wen· 2025-10-08 07:57
Core Insights - The ongoing debate about whether the market has entered an AI bubble is intensifying, particularly following Goldman Sachs' recent report analyzing five key controversies in the AI sector [1][2]. Group 1: AI Adoption and Monetization - Consumer AI adoption is accelerating, with ChatGPT reaching a record of 700 million weekly active users in July, but monetization capabilities are lagging behind infrastructure investments [1][3]. - A significant disparity exists between the rapid growth of consumer AI usage and the slower monetization efforts by AI companies, as evidenced by only 40% of companies purchasing official LLM subscription services despite 90% of employees using personal AI tools [3][4]. Group 2: Corporate AI Deployment and ROI - Companies are expanding internal AI applications to enhance efficiency, yet the visibility of ROI remains low, with only 5% of firms reporting measurable impacts on their financial statements [5][6]. - The advertising sector is identified as a potential disruption area, with AI-driven platforms threatening traditional advertising agencies, which collectively represent a profit pool of approximately $161 billion [5][6]. Group 3: AI Infrastructure Investment - AI infrastructure investment is at an unprecedented level, with the five major cloud service providers expected to spend $381 billion in 2023, marking a 68% year-over-year increase [1][7]. - By 2025, total spending on AI-related capital is projected to reach around $1.4 trillion, driven by increasing consumer demand and significant partnerships announced recently [7][8]. Group 4: Power Infrastructure Demand - The rapid expansion of AI workloads is expected to increase global power demand for data centers by over 165% by 2030, necessitating substantial new power generation capacity [10][11]. - In the U.S., 60% of future power demand will require new generation facilities, primarily from natural gas, solar, and wind sources [10]. Group 5: Bubble Risk Assessment - While there are similarities between the current market and the late 1990s, the current valuation levels are significantly lower, with the Nasdaq 100 index trading at a 46% discount compared to the peak of the internet bubble [2][11]. - The IPO activity is also markedly lower than during the late 1990s, indicating a more cautious market environment [11].
遭SEC调查 AppLovin(APP.US)闪崩后盘前延续跌势
智通财经网· 2025-10-07 08:33
智通财经APP获悉,据报道,美国证券交易委员会(SEC)正就数字广告科技公司AppLovin(APP.US)的数 据收集流程展开潜在调查。受此消息影响,截至周一收盘,该公司股价暴跌14%。截至发稿,该股盘前 下跌1.53%。 知情人士称,SEC此次调查聚焦于一项指控:AppLovin涉嫌违反与平台合作伙伴的服务协议,通过不当 方式向消费者推送更具针对性的广告。 AppLovin发言人表示,"我们会定期与监管机构沟通,若收到问询,也会按常规流程妥善回应,""如有 重大进展,我们将通过适当的公开渠道予以披露。" 近日,Oppenheimer也将AppLovin目标价一口气上调240美元至740美元,同时重申其"跑赢大盘"评级, 凸显出该机构对AppLovin非游戏广告业务及长期增长动力的信心。AppLovin已将其非游戏业务营收预 期从2.5亿美元上调至3.12亿美元。 不过,AppLovin今年也面临多份做空报告的压力,知名做空机构FuzzyPanda与浑水(MuddyWaters)均曾 发布相关报告质疑其业务。 报道指出,目前SEC尚未正式指控AppLovin存在任何违规行为。 从全年表现来看,AppLovi ...
“旧经济”,正在缓缓落幕
Hu Xiu· 2025-09-30 01:27
Core Insights - The growth trajectories of Apple, Microsoft, and Google from 2010 to 2025 show a parallel increase in market value, suggesting a unified growth dynamic despite their different business models [2][3] - Balaji Srinivasan posits that the traditional economy is fading while the internet economy is emerging, marking a significant economic shift [6][10] Group 1: Decline of the Traditional Economy - The traditional economy is characterized by physical entities and linear growth, heavily reliant on capital expenditure and regulatory frameworks [11][12][13] - Key sectors like manufacturing and energy are experiencing stagnation, with U.S. manufacturing worker productivity growth at approximately 2% since 2018, compared to 7% in the tech sector [17][16] Group 2: Rise of the New Economy - The internet economy exhibits exponential growth potential and is driven by network effects, allowing companies like Google and Meta to dominate their markets [20][22] - AI enables small teams to create significant value, with the potential for "one-person companies" to reach valuations of $1 billion [25][26] - The cost of adding users in digital services is negligible, allowing for global scalability without physical constraints [27][28] Group 3: Magnificent Seven as New Productivity Leaders - The "Magnificent Seven" (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla) now account for about 34% of the S&P 500's market capitalization, up from 12% in 2015 [31] - In 2023, these companies achieved a collective return rate of 75.71%, significantly outperforming the S&P 500's 24.23% [32] - Their platforms are integral to modern business activities, positioning them as infrastructure builders in the new economy [37] Group 4: Societal and Market Implications - The transition from traditional to new economy is reshaping societal structures and investment landscapes, presenting both opportunities and risks [40][41] - The concentration of wealth in technology sectors raises concerns about inequality and job losses in traditional industries [42] - The concept of "network states" may emerge, where communities based on shared values operate with their own currencies and governance, potentially replacing traditional nation-states [44][45]
谷歌广告跌倒,亚马逊吃饱
Hu Xiu· 2025-09-25 05:35
一、拉锯战 9月22日,谷歌广告垄断案进入到所谓的"补救阶段",这次庭审请来的证人横跨整个产业链主审法官还是Leonie Brinkema。几个月前,她已经裁定谷歌在 数字广告市场存在垄断。 解释一下"补救阶段",就是在认定违法之后,法院要给市场一个修复方案。在司法部(DOJ)和谷歌分别提交各自的不就方案之后,最终的裁量权落在主 审法官Brinkema手里。 根据digiday的报道和分析,接下来,法官需要在几个关键问题上做出决定: 第一,如何让市场真正摆脱反竞争行为。 这意味着不仅要纠正谷歌过去的做法,还要确保未来的广告交易不再被捆绑、倾斜或人为设置障碍。 第二,是否要对谷歌的核心资产动刀。 最核心的问题是 AdX(广告交易平台)和 DFP(出版商广告服务器),这两块业务被司法部认定为垄断的支点。 是彻底拆解,还是通过开放接口、修改规则来"削权",将决定未来行业的格局。 当年的1月24日,美国司法部在弗吉尼亚东区联邦法院提起诉讼,指控谷歌在AdX(广告交换平台)和DFP(出版商广告服务器)等核心广告技术市场实 施非法垄断,违反《谢尔曼法》第1条和第2条。诉讼的目标是迫使谷歌剥离其广告技术资产。案件在2024 ...
8点1氪丨英伟达拟向OpenAI投资至多1000亿美元;万豪酒店承认拖鞋循环多次使用;“最快女护士”张水华发文道歉
3 6 Ke· 2025-09-23 00:04
Group 1 - Luo Yonghao responded to debt issues, stating that his frozen equity totals approximately 17.58 million yuan [9] - The company "Taier Suancaiyu" and other prepared dishes have been launched at Sam's Club, with prices for dishes like Taier Suancaiyu at 119.9 yuan per serving [10] - Baiguoyuan plans to raise about 300 million yuan to repay debts, reporting a loss of over 300 million yuan in six months and closing more than 1,600 stores in a year [10] Group 2 - Guizhou Moutai denied rumors of lowering its annual performance targets, confirming that it has completed its target progress for the first half of the year as planned [15] - OpenAI has confirmed collaboration with domestic supply chains for related projects, indicating ongoing partnerships with companies like Luxshare Precision [16] - Nvidia announced an intention to invest up to 100 billion dollars in OpenAI to support data center and infrastructure development [3]