一起 「 见证妙物，玩出智趣 」 ， 解锁未来生活新体验。 参加一场由AI主理、机器人全程服务的派对 心念一动，专属香水即刻为你「 调制 」 指尖轻点，万物皆可掌控…… 这些曾只存在于科幻电影中的奇思妙想， 马上可以来到你身边—— 2026开年最值得打卡的AI潮流大展，来了！ ✨ 「妙物·智趣 」 阿里云通义智能硬件展 2026年1月8日-11日 深圳·海上世界文化艺术中心 无论你是： 站在科技前沿的硬核极客， 渴望为工作、生活按下 「 2倍速 」 的都市打工人， 追求质感日常的家庭主理人， 还是想带娃解锁未来、打开眼界的新手爸妈—— 这里，都有让你眼前一亮的惊喜！ 现场集结 76+品类、200+展商、1000+款智能新品， 涵盖生活、办公、出行、娱乐等全场景， 更有全球同步首发的「 黑科技 」首度亮相！ 全龄段开放体验—— 你不仅能亲手触摸2026年AI生活方式的脉搏， 与万千探索者一起，共启「 碳硅共生 」的科技新叙事。 现在，预约通道已开启， 点击 「 阅读原文 」 ， 和36氪一起，探访智能生活的新起点。 山川、太八川州巡位宣文刊州 方午| "会思考、|童生活"的 AI智能产品汇聚而来 有「妙物」，更 ...

作者：Colin 随着AI技术浪潮的来临，教育行业迎来了新一轮转型狂欢，近期，包括好未来、粉笔、作业帮等在内的教培巨头们纷纷押注"AI+教育"，试图在技术变革中 寻找新的增长曲线。 然而，这场声势浩大的转型和跨界背后却也伴随着成本高企、产品合规等争议。AI之于教育究竟是破局利器，还是阶段性的资本故事？ 教育企业转型AI求生，还是成本高企的"伪增长"概念 AI转型曾被教培企业视为摆脱传统路径依赖的"救命稻草"，但现实却是多数企业陷入"增收不增利"的怪圈，而更加诡异的是，导致"增收不增利"的原因并非 完全因为企业加码了AI研发，反而是因为企业在营销费用上砸下重金所致。这种重营销，轻研发的现象，也不禁令外界对企业入局AI的长期决心存疑。 以好未来为例。尽管AI学习机带动收入大增，但2026财年第一季度营销费用激增50.5%至1.777亿美元，占收入比例攀升至30.9%，这也意味着每创造1美元收 入就有0.3美元投入获客。 而同样发力AI的国内职业教育赛道头部企业粉笔的处境则更显尴尬，据其财报显示，上半年公司实现营收14.92亿元，同比下滑8.5%;净利润2.27亿元，同比 减少18.34%，而这一数据表现，在考公市 ...

本报（chinatimes.net.cn）记者王兆寰 北京报道 2025年12月26日，由华夏时报社主办的2025（第五届）华夏公益论坛在京举行。本届论坛以"拥抱智能 向善时代"为主题，汇聚公益界、企业界、学界及政府相关部门代表共话行业发展，深入探讨人工智能 技术与公益事业深度融合的创新路径，为推动公益事业高质量发展注入科技动能。 论坛上，2025华夏公益典范案例正式对外发布。此次案例包括五大类别：华夏公益·善行者（人物故事 类）；华夏公益·担当者（企业故事类）；华夏公益·筑梦者（基金会类）；华夏公益·创益者（项目 类）；华夏公益·追光者（基层公益组织/基层个人代表）。每类含有10个具有代表性的典范案例。 张宝艳，宝贝回家志愿者协会理事长，她于2008年创立宝贝回家志愿者协会，从此踏上漫漫公益征途。 从"感动中国年度人物"到"全国劳动模范"，她心中最重的荣誉，始终是每个家庭团聚时的笑容。她以十 九年的坚守证明，善行无畏，行者不孤。 2025华夏公益·善行者 有人用教育点灯，照亮前行路；有人以脚步为尺，丈量归途远；有人持专业火把，暖人心，驱黑暗。他 们在这个快速流动的时代里，为更多人种下美好的种子——信任、尊严 ...

Core Insights - The popularity of educational large models is declining, with chat-based apps losing their prominence in the market [1][2] - The industry is becoming more rational, recognizing the limited short-term commercialization potential and focusing on long-term development of higher-quality intelligent agents [2] Market Trends - In October, only three educational apps made it to the top 30 in monthly active users, each with fewer than 3 million users, indicating a significant drop in engagement for chat-based educational products [3] - The head of general large models has surpassed 100 million monthly active users, which has squeezed the survival space for vertical educational products [3] Product Development - Educational companies are shifting from developing standalone chat-based apps to integrating large models into traditional products, focusing on multi-agent collaboration [5][6] - Multi-agent systems enhance learning interaction diversity and depth, moving beyond the limitations of single-agent models [5] Commercialization Challenges - Despite ongoing technological upgrades, the commercialization of educational intelligent agents has not shown significant improvement, with some apps generating only tens of millions in revenue [8][9] - The focus is shifting towards the usage frequency and quality of educational intelligent agents rather than immediate revenue generation [10] Investment in R&D - Companies like Huatu Education have significantly increased R&D spending, with a 160.41% year-on-year rise to 145 million yuan, primarily to expand their research teams [11] - The investment in high-quality data and user engagement is seen as a necessary step to build future barriers in the educational intelligent agent market [12][13] Future Outlook - Huatu Education plans to develop a digital companion for exam training, aiming to create a comprehensive ecosystem of intelligent agents [14]

Core Insights - The learning machine market in 2025 is characterized by innovation-driven market capture and the consolidation of advantages through continuous innovation [1] - The learning tablet market saw a total channel sales of 1.806 million units in Q3 this year, reflecting a year-on-year growth of 3.5% [2] - Education companies, represented by Xueersi, are expected to fully surpass traditional educational technology companies in 2024, capturing a dominant share of the learning machine market [3] - In 2025, education companies are not only focusing on providing quality content but are also deeply exploring AI teachers, which represent a higher barrier than quality content [4] Market Dynamics - Quality content serves as a strong barrier for education companies entering the learning machine market, with Xueersi's learning machine offering a total of 16 million minutes of courses, 4 million minutes added since launch, 850,000 sets of real questions, and 700 million questions in its knowledge resource library [5] - The brand reputation behind quality content is crucial, as using Xueersi's learning machine allows users to access lessons from well-regarded teachers with over 20 years of experience [6] AI Teacher Development - The shift from quality content to AI teachers is driven by the need for interaction and guidance in self-learning scenarios, as traditional human services cannot scale to meet the needs of millions of users [7] - AI teachers are seen as the most direct and effective form of deep service, leveraging vast amounts of user data generated during content usage to develop high-quality datasets for AI [8] - The evolution of AI teachers is likened to the progression of autonomous driving, with Xueersi's AI teacher currently at L3 capability, indicating a combination of multiple abilities [10][11] AI Teacher Capabilities - The L3 AI teacher represents a significant advancement, capable of breaking down complex problems into manageable steps and guiding students to think independently while providing real-time feedback [12][13] - The latest version, Xiao Si 3.0, offers a natural interaction experience akin to a real teacher, capable of immersive, multi-modal, and deeply personalized teaching [16][20] - The integration of multi-modal capabilities allows the AI teacher to interact with students in a paper-and-screen environment, providing real-time guidance and feedback as students work through problems [21][22] Competitive Landscape - The future competition in the learning machine market will center around AI capabilities, with successful products needing to provide both quality resources and effective solutions for utilizing those resources [22]

Core Viewpoint - The learning machine market in 2025 is characterized by innovation-driven market capture and the continuous strengthening of competitive advantages through technological advancements [1] Group 1: Market Dynamics - In Q3 of this year, the total sales volume of learning tablets reached 180.6 thousand units, reflecting a year-on-year growth of 3.5% [2] - Education companies, represented by Xueersi, are expected to fully surpass traditional educational technology firms by 2024, capturing a dominant market share in the learning machine sector [2] - High-quality content is identified as the core competitive advantage that allows educational companies to gain market traction [2] Group 2: Transition to AI Teachers - Educational companies are moving beyond merely providing quality content to deeply exploring AI teachers, which presents a higher barrier to entry [2][3] - The need for interactive guidance rather than one-way content delivery is a significant demand in self-learning scenarios [3] - AI teachers are seen as a solution to the limitations of human teachers, which cannot simultaneously achieve personalization, high quality, and scalability [3] Group 3: AI Teacher Development - The development of AI teachers is likened to the progression from L1 to L5 in autonomous driving, with Xueersi's AI teacher currently at L3 capability [4] - L2 AI teachers function as independent modules, while L3 AI teachers combine multiple capabilities to create a closed-loop teaching experience [7] - The latest version, Xiao Si 3.0, offers natural interaction and can provide personalized teaching experiences [9] Group 4: Technological Innovations - The integration of multi-modal capabilities allows AI teachers to interact with students in a more immersive manner, enhancing the learning experience [10] - The AI teacher can facilitate "paper-screen interaction," where students can write on paper while receiving real-time guidance from the AI [11] - The complexity of real-time judgment and interaction requires high-quality data and advanced R&D capabilities, which are essential for companies to develop effective AI solutions [13]

Core Viewpoint - The resurgence of Double 11 gala events indicates a strategic shift among platforms to enhance brand visibility and consumer engagement amidst intense competition in the e-commerce sector [1][5][6] Group 1: Event Collaborations - Tmall and Hunan TV co-hosted the "Tmall Double 11 Crazy Good Six Nights," while Douyin held the "Flowing Night Heartbeat Concert" with Oriental TV, both events trending on social media [1][3] - JD.com partnered with Oriental TV for the "JD 11.11 Surprise Night," showcasing its various business lines such as JD Mobile and JD Live [1][3] Group 2: Marketing Strategies - The Double 11 gala serves as a crucial promotional tool for platforms, with JD and Tmall highlighting their respective business lines during the events [3][4] - Douyin collaborated with top brands like SK2 and Pantene, utilizing the gala's traffic to enhance brand exposure and consumer engagement through a combination of sponsorship and resource exchange [3][5] Group 3: Changing Role of Double 11 Gala - The role of the Double 11 gala has evolved from merely driving traffic to creating a virtual ecosystem that integrates brand showcases, traffic distribution, and data-driven storytelling [6] - Platforms are investing heavily in marketing to secure brand loyalty and emotional connections with consumers, moving beyond price competition to focus on brand image and consumer sentiment [6]

Investment Rating - The report upgrades the investment rating of the company to "Buy" [4] Core Insights - The company, TAL Education Group, reported strong business growth with revenue of $861 million for FY26Q2, representing a year-on-year increase of 39.1%. The net profit attributable to shareholders was $124 million, up 116.1% year-on-year, while Non-GAAP net profit reached $136 million, reflecting an 82.7% increase year-on-year [1][3] - The learning services and other segments showed robust growth, with offline small class and online value-added course revenues both increasing year-on-year. The deferred revenue at the end of FY26Q2 was $823 million, up 58.9% year-on-year, indicating strong demand resilience [1] - The learning device segment also saw continued growth, with revenue and sales increasing year-on-year and quarter-on-quarter, driven by new product launches and channel expansion. The average selling price of learning devices fell below 4000 yuan due to changes in product mix [2] Summary by Sections Financial Performance - For FY26Q2, the company achieved a gross margin of 57.0%, an increase of 0.7 percentage points year-on-year. The net profit margin was 14.4%, up 5.1 percentage points year-on-year, while Non-GAAP net profit margin was 15.8%, an increase of 3.8 percentage points year-on-year [3] - The company has adjusted its net profit forecasts for FY2026 to FY2028 to $224 million, $305 million, and $408 million respectively, with corresponding PE ratios of 33x, 24x, and 18x [4] Business Segments - The learning services segment is expected to continue expanding the number of learning centers, driving revenue growth, although the growth rate may gradually slow due to increasing base figures and a focus on sustainable growth [1] - The learning device segment's user engagement remains high, with an average weekly active rate of approximately 80% and daily usage time exceeding one hour per device [2] Market Position - TAL Education Group is positioned as a leader in the domestic education industry, with strong growth momentum in its learning devices, particularly the Xueersi learning machines. The company is expected to see significant performance improvement as profitability enhances [4]

Investment Rating - The report upgrades the investment rating of the company to "Buy" [4] Core Insights - The company reported strong business growth with revenue of $861 million for FY26Q2, representing a year-on-year increase of 39.1%, and a net profit of $124 million, up 116.1% year-on-year [1] - The learning services and other segments showed revenue growth, with deferred revenue at $823 million, a 58.9% increase year-on-year, indicating resilient demand [1] - The learning device segment also saw continued growth, benefiting from new product launches and channel expansion, despite a decline in average selling price due to product mix changes [2] - The company's non-GAAP net profit margin improved significantly, with a non-GAAP net profit of $136 million for FY26Q2, up 82.7% year-on-year [3] Summary by Sections Financial Performance - For FY26Q2, the company achieved a gross margin of 57.0%, a year-on-year increase of 0.7 percentage points, while the net profit margin rose to 14.4%, up 5.1 percentage points year-on-year [3] - The company expects to continue driving product and service upgrades to support long-term growth, despite a seasonal slowdown anticipated in FY26Q3 [3] Revenue and Profit Forecast - The revenue forecast for FY2026 to FY2028 has been revised upwards to $2.24 billion, $3.05 billion, and $4.08 billion respectively, with corresponding PE ratios of 33x, 24x, and 18x [4] - The company is positioned as a leader in the domestic education sector, with strong growth momentum in its learning devices [4] Market Data - The current stock price is $12.26, with a total market capitalization of $7.46 billion [6] - The stock has shown a 64.28% turnover rate over the past three months [6]

Core Insights - The article highlights that Xueersi Learning Machine has secured the top position in the domestic learning machine market for 2024-2025, attributed to its advantages in authoritative certification, product strength, and user value, along with 22 years of educational experience [1][2]. Group 1: Authoritative Certifications - Xueersi's top ranking is backed by comprehensive authoritative endorsements across technology, research, and market sectors, establishing it as a market leader [2]. - The AI technology certification as a "National Team" recognizes Xueersi's self-developed "Jiu Zhang Model," which boasts a problem-solving accuracy of over 97% in K12 mathematics, nearing human limits [3]. - Xueersi has achieved dual recognition for market sales, being the only brand to receive top certifications from both Shanghai Consulting and Frost & Sullivan for high-end learning machines in terms of sales volume and revenue [3]. Group 2: Comprehensive Product Matrix - Xueersi's success is attributed to its diverse product offerings that cater to various family needs, with price ranges from over 2000 to above 5000, ensuring no "shortcomings" in product options [4]. - The P4 model, priced over 2000, is designed as an entry-level learning machine, featuring 16 million minutes of courses and 1.6 billion question bank resources [5]. - The S4 model, priced over 4000, integrates Xueersi's classic training system and offers extensive AI tools, suitable for families looking to reinforce in-class learning and expand outside of it [5]. - The flagship T4 series, priced over 5000, features advanced interactive experiences and a large battery, aimed at families seeking top-tier AI learning experiences [5]. Group 3: Core Strengths - Xueersi's AI capabilities, learning resources, and eye protection technology are pivotal in addressing the core needs of parents and students [6]. - The AI tools provided are practical and efficient, enabling personalized learning plans and comprehensive homework assistance across all subjects [7]. - Xueersi boasts a rich repository of learning resources, including 16 million minutes of courses and 1.6 billion questions, ensuring seamless learning transitions [8][9]. - The eye protection technology across all models includes multiple certifications and software safeguards, addressing parental concerns about prolonged device usage [10]. Group 4: User Value Focus - Xueersi's top ranking is fundamentally rooted in its commitment to user value, as evidenced by research indicating its effectiveness in improving student performance [11]. - The diverse product matrix accommodates various budgets, while AI and resource integration tackles inefficient learning challenges [11]. - Xueersi Learning Machine is positioned not just as a learning tool but as a combination of AI assistant, resource library, and eye-friendly display, reflecting its recognition in the industry and among families [11].