东京深夜的急诊室外，中国游客陈女士攥着孩子的病历本红了眼。半小时前，孩子突发急性荨麻疹，语 言不通的她只能在闲鱼上发出求助，当地华人卖家小林立刻接了单，一边远程帮她联系急诊、预约司 机，一边在线逐句翻译病情描述，让孩子及时得到了治疗。 这个如今能熟练处理莫斯科接机、翻译、代购各种事务的海外急事通，是一个地地道道的山东姑娘。四 年前刚到俄罗斯留学时，她也曾因语言不通手忙脚乱，如今她熟练运用自身经验，在闲鱼上缓解这些远 道而来的国人在异国他乡的迷茫。 帮忙服务的范围也在实践积累中不断扩大。起初她只做代购，慢慢的，客户发现这个山东姑娘靠谱，开 始找她办更多事：参展商要翻译，她提前查好行业术语；游客想找地陪，她提前熟悉路线，发掘小众景 点。 此前，五位中国来的雪茄爱好者专程来莫斯科选购限量款雪茄，却忘了提前换卢布，受当地政策影响， 境外游客没法通过银行兑换货币，眼看要空手而归，几人灵机一动，在闲鱼搜了"莫斯科换汇"，找到了 她。她紧急跑了几家银行，才取够2万人民币等额的卢布，成功送到了客人手中。 如今，卡佳在闲鱼已成交数百单，在今年十一假期来临前达到了高峰，咨询量翻了倍。尤其是莫斯科免 签政策落地后，找她的人越来越多 ...

华为广域网业务CEO Ado Du借发表主旨演讲的机会介绍了华为的ISP一张网目标结构能如何帮助ISP通 过三大战略发展2B服务：（1）打造灵活的模块化架构，解耦网络与服务，支持快速部署服务及高效拓 展网络。（2）提供以用户体验为中心的全生命周期服务，通过SRv6和ROADM技术提供差异化体验。 （3）推广智能O&M，支持快速提供服务，自动解决故障，提升O&M效率。 在圆桌会议上，伊拉克DIL Technology for Communications和南非Vumatel公司的代表分享了利用网络助 力2B服务的经验。其他ISP专家也积极参与讨论，提出了关于网络规划和建设的宝贵建议。会上华为还 发布了《ISP一张网白皮书》，透彻分析了ISP行业趋势、目标架构及发展路线图。这本白皮书旨在帮助 客户变现网络资源，解锁网络价值。 展望未来，华为会继续加强ISP行业创新与投资，在行业情报新时代与客户合作共赢。 合照 华为ISP & OTT BU副总裁Frank Lu致开幕辞，谈及全球数字化转型加速及2B服务爆发为ISP们带来的新 机会，比如政府和企业专线与云互联。ISP必须关注未来，秉持战略远见，优先差异化服务与效率提 ...

Core Viewpoint - The article discusses the recent actions taken by the National Internet Information Office (NIIO) against the Xiaohongshu platform for failing to manage harmful content effectively, particularly regarding celebrity gossip and personal dynamics that disrupt the online ecosystem [3][4]. Group 1: Regulatory Actions - The NIIO has imposed measures on Xiaohongshu, including discussions, deadlines for corrections, warnings, and stricter penalties for responsible parties due to the platform's failure to fulfill its content management responsibilities [3]. - Xiaohongshu has acknowledged the NIIO's guidance and has established a special task force to improve the management of its trending topics and to enhance its content management capabilities [3][4]. Group 2: Impact on Online Ecosystem - The prevalence of celebrity gossip on trending lists can cater to audience curiosity but ultimately harms the online environment, leading to misinformation and a lack of clarity for users [4]. - The article highlights that the ability to trend is a significant indicator of a celebrity's popularity, which can lead to increased traffic, higher collaboration fees, and inflated personal brand values [3][4]. Group 3: Industry Implications - The article points out that some celebrities engage in both positive and negative publicity to gain attention, indicating a problematic cycle where trending topics become a business, leading to a chaotic online environment [4]. - The NIIO emphasizes the importance of maintaining a clean and healthy online space that aligns with public interests, urging platforms to prioritize responsible content management over mere traffic and profit [4].

事件：2025年8 月21 日，顺网科技发布2025 年半年度报告。25H1 公司实现营业收入10.10 亿元，同比 增长25.09%；实现归母净利润1.62 亿元，同比增长69.22%，业绩表现亮眼；扣非后净利润为1.40 亿 元，同比增长54.21%。公司25Q2 单季度表现整体稳健，营业收入实现4.32 亿元，同比增长9.3%，增速 受到正常季节性淡旺季影响波动；25Q2 归母净利润达8,804.79 万元，同比大幅增长109.61%；扣非归母 净利润为7,633.06 万元，同比增长93.2%，主营业务盈利质量较高。毛利率方面，2025Q2 为46.16%，同 比提升6.47pcts，环比25Q1 提升12.85pcts。25Q2 归母净利率达到20.37%，同比大幅提升9.75pcts，环比 提升7.66 pcts，盈利能力进一步增强，业绩表现较为亮眼。 点评： 25H1 网络广告与增值业务高增受益于游戏产品周期向好，端游市场向好带来的产品上线前广告投放预 算增加。25H1 公司网络广告及增值业务收入达8 亿元，同比增长30.99%，增速高于公司整体营收增速 25.09%。增长核心受益于游戏行业整体 ...

Group 1: Company Performance - The company achieved a revenue of 101,025.41 million yuan in the first half of 2025, representing a year-on-year growth of 25.09% [3] - The net profit attributable to shareholders was 16,151.56 million yuan, with a year-on-year increase of 69.22% [3] - The company's network advertising and value-added services generated a revenue of 80,038.32 million yuan, growing by 30.99% year-on-year [5] Group 2: Industry Overview - The domestic gaming market's actual sales revenue reached 168 billion yuan in the first half of 2025, with a year-on-year growth of 14.08% [4] - The number of gaming users in China was approximately 679 million, reflecting a growth of 0.72% [4] - The online service industry, including esports hotels, had a total of 107,300 operating entities, with a revenue scale of 48.95 billion yuan in the first half of 2025 [4] Group 3: Product Development - The company launched the "Net Maintenance Master 9300" in August 2025, featuring AI technology for enhanced gaming performance and operational efficiency [6] - The product offers near-zero game startup time and includes a smart maintenance system for real-time monitoring and automatic updates [6] Group 4: Event Participation - The 22nd ChinaJoy exhibition took place from August 1 to 4, 2025, covering an area of 135,000 square meters and attracting 410,300 visitors [7] - The event featured 313 BTOC exhibitors and 486 BTOB exhibitors, showcasing a diverse range of entertainment and gaming products [7] Group 5: Future Strategy - The company aims to deepen its focus on the esports sector and enhance cultural and technological innovation integration [11] - Plans include exploring cutting-edge technologies and expanding into computing power and artificial intelligence sectors [12]

Core Viewpoint - The emergence of "filling studio" operations has led to the illegal sale of real-name online accounts, posing significant risks to both individuals and online platforms [1][5]. Group 1: Filling Studio Operations - Filling studios recruit numerous part-time workers to register new user accounts and download apps, thereby boosting platform data and earning promotional commissions [1]. - The process involves enticing advertisements promising easy earnings, collecting personal information, and registering accounts that are later sold illegally [2]. Group 2: Risks to Part-time Workers - Part-time workers, initially seeking easy income, unknowingly become sellers of their personal information, facing potential legal repercussions if their accounts are misused [3]. Group 3: Impact on Online Platforms - The sale of real-name accounts undermines user trust, which is crucial for the survival and growth of online platforms, leading to potential user attrition [4]. - If platforms knowingly utilize these problematic accounts, they may be implicated in criminal activities and face legal consequences [4]. Group 4: Criminal Activities and Social Threats - The illegal sale of real-name accounts acts as a catalyst for crime, enabling fraud and manipulation of online marketplaces through fake reviews and misleading information [5]. - Criminals exploit these accounts to engage in various illegal activities, further disrupting social order [5]. Group 5: Security Vulnerabilities in Account Registration - The lack of robust verification processes in account registration allows criminals to exploit personal information linked to real-name accounts, leading to potential identity theft [6]. - Many platforms have inadequate monitoring of account usage, failing to detect illegal activities conducted through these accounts [6].

Financial Performance - In Q1 2025, the company's revenue was 131.33 million yuan, a year-on-year decrease of 23.38% [2] - The net profit attributable to the parent company was 3.33 million yuan, a year-on-year increase of 174.70% [2] - The gross margin for Q1 2025 was 33.11%, an increase of 6.33 percentage points compared to Q1 2024 [2] Customer Base and Stability - The top five downstream customer industries in 2024 included manufacturing (23.45%), information transmission, software and IT services, wholesale and retail, and finance [2][3] - The company has established long-term stable relationships with most clients, indicating high customer loyalty [3] Service Offerings and Market Position - The company provides SD-WAN global networking services, cloud security integration (SASE), and multi-cloud interconnection to meet the digital transformation needs of the manufacturing sector [3] - As of Q1 2025, the company has signed over 70 channel partners, including telecom operators and cloud service providers, to enhance its service offerings [4] Network Infrastructure - By the end of 2024, the company had established 76 global network nodes across 35 cities in China and 11 countries, supporting Chinese enterprises' international expansion [5] - The company collaborates with 66 overseas operators to provide diverse network and security solutions [5] Competitive Advantages - The company is the first A-share listed enterprise in the IP-VPN service segment, offering cloud security integration services based on its proprietary SD-WAN and SASE technologies [6] - It differentiates itself from basic telecom operators by being a neutral third-party service provider, combining resources from multiple operators [6] Employee Incentives and Future Plans - The company has completed two phases of its equity incentive plan and plans to implement further incentive mechanisms to attract and retain talent [7] - The company completed a share buyback plan in September 2023, repurchasing 1,427,600 shares, approximately 0.78% of its total share capital [8] Expansion Strategies - The company considers investments, acquisitions, and mergers as important strategies for external expansion to enhance business scale and market share [7]

Core Insights - The article highlights the importance of network stability and security for e-commerce platforms during the annual shopping peak, particularly the 618 shopping festival [1] - The integration of AI technology in operational services is emphasized, showcasing a comprehensive approach to managing increased traffic and potential cyber threats [5][10] Group 1: Network Stability and Security - E-commerce platforms are expected to face a peak in traffic during the 618 shopping festival, necessitating robust network stability and security measures [1] - A specialized technical team from Beijing, Shanghai, and Guangzhou has been established to provide 24/7 support, leveraging extensive experience in large-scale promotional events [1] Group 2: AI Integration and Smart Operations - The company has developed an AI-driven network architecture that combines big data and AI algorithms for traffic peak prediction and resource scheduling [5] - A dedicated flow prediction model has been created using historical data to identify peak traffic periods in advance, allowing for proactive network resource allocation [7] Group 3: Intelligent Fault Detection and Response - An AI operational intelligence platform has been developed to accurately locate fault nodes through multi-dimensional data analysis, enabling automated responses to network issues [8] - This system significantly enhances the efficiency of network fault resolution, ensuring business continuity and stable user experience during peak traffic [8] Group 4: Comprehensive AI Operational Support - The company has established a multi-faceted AI operational support system that encompasses monitoring, defense, recovery, and optimization [10] - This system aims to provide a solid infrastructure foundation for e-commerce clients, ensuring stable network operations during the high transaction volume of the 618 festival [10]

Group 1 - The core theme of the forum is "Good Law and Good Governance to Build a Spiritual Home on the Internet," aiming to integrate efforts from government, industry, academia, and society to create a civilized, safe, and orderly network governance ecosystem [1] - Since the full access to the international internet in 1994, China has adhered to the rule of law in cyberspace, progressively advancing the legalization of the internet, and establishing a comprehensive legal framework for network governance [2] - The comprehensive governance system for the internet in China has matured, becoming a crucial part of the national governance system, providing essential support for building a strong internet nation [2] Group 2 - The enforcement of internet laws has been strengthened, focusing on issues such as illegal collection and use of personal information, online infringement, and anti-competitive practices, with significant actions taken against numerous websites and applications [3] - China actively participates in global internet governance reforms, advocating for a community of shared future in cyberspace, and addressing new governance challenges posed by technologies like artificial intelligence and big data [4] - The forum emphasizes the need for continuous improvement of the network legal system, innovative governance methods, and deepening international cooperation to ensure a safer and more prosperous online environment [4]

Group 1 - The Beijing High People's Court released typical cases of judicial protection for minors online, focusing on network service contract disputes as Children's Day approaches [1] Group 2 - In the case of "Zhang Xiaomou vs. a gaming company," a minor used their mother's phone to download a game and charged over 100,000 yuan, but the gaming company failed to properly implement a real-name authentication mechanism for minors, leading to the court ruling the contract invalid and ordering a partial refund [2] - The court determined that the minor's large recharge behavior was inappropriate for their age and mental capacity, and the gaming company was found to have significant fault for not strictly enforcing the real-name registration for minor users [2] Group 3 - In the case of "Liu Xiaomou vs. a network technology company," a minor accessed a comic reading platform without parental knowledge, incurring charges of over 1,400 yuan for reading inappropriate content, leading to the court ruling the contract invalid and ordering a full refund [3] - The court emphasized the need to protect minors by ensuring that the content provided does not violate public order and morals, highlighting the negative impact of inappropriate content on minors' mental health and values [3]