见证奇点来临 在大家下意识 Say "No" 的地方找到机会。 文 丨 李梓楠 程曼祺 编辑 丨 程曼祺 1991 年出生的极壳外骨骼创始人孙宽和宇树创始人王兴兴一样，都不是履历亮眼的学霸型创业者。他 们所在的硬件领域不乏出身清北或者曾在海外名校深造的天才少年。王兴兴考研时因英语太差，落榜 浙江大学。孙宽的英语也不好，大多数投资人想不起他毕业于哪里。 以下文章来源于晚点科技 ，作者晚点团队 晚点科技 . 孙宽从小就沉迷于造东西和拆东西，家里开手机卖场，初中就会拆装手机、写程序。 上大学时，他一个人做光固化 3D 打印机，用半年时间，写了上万行代码，把一个本应由团队完成的 复杂硬件做通了。这件事给他两个感悟：没有什么东西是想得到，但做不出来的，只要愿意；自己解 决问题的能力好像很强。 这个挂念促使他愿意去做大部分人觉得 "不可能" 的品类。那段经历让他意识到，所谓不可能，只是多 数人没看到，这些不可能里往往蕴藏很多改变世界的机会。 孙宽自己也是一位户外运动爱好者。 在电机、运动控制算法和 AI 技术突变的情况下，大部分履历光鲜的天才都追逐同一个叙事：做更聪 明更强的机器替代人。孙宽则相反，做外骨骼增强人，而不是 ...

企查查APP显示，近日，极壳科技（上海）有限公司发生工商变更，新增美团旗下成都龙珠股权投资基 金合伙企业（有限合伙）等为股东，同时注册资本增至248.52万元。企查查信息显示，该公司成立于 2021年，经营范围包含：从事智能科技、机器人科技、电子科技、生物科技、计算机信息科技领域内的 技术服务等。公开信息显示，极壳科技是一家消费级外骨骼企业。 ...

Core Viewpoint - China's sports consumption is rapidly growing, becoming a key driver of economic growth and social welfare, serving as an effective tool for expanding domestic demand and enhancing national competitiveness [2][3] Group 1: Economic Impact of Sports Consumption - Sports consumption has expanded from traditional physical goods to include experiences and services such as event viewing, fitness training, and sports tourism, creating a large and diverse industry chain [3] - Every 1 yuan increase in sports consumption can lead to a 7.8 yuan increase in related industries, demonstrating a significant multiplier effect [3] - The integration of "Internet + Sports" has led to new business models like online fitness and smart venues, creating new consumption scenarios and market growth [3] Group 2: Social Value of Sports Consumption - Sports consumption promotes public health, reduces social costs, and enhances individual happiness by providing recreational activities and a sense of community [4] - It fosters a positive social ethos, instilling values such as fair competition and teamwork, which are crucial for youth character development [4] Group 3: International Competitiveness - A thriving sports consumption market reflects a country's comprehensive competitiveness, supporting local brands and enabling them to compete internationally [6] - Hosting international events showcases national image and culture, enhancing both hard and soft power on the global stage [6] Group 4: Characteristics of Rapid Development - The sports consumption market is characterized by scale expansion, structural upgrades, industry integration, and diverse participation, driven by policy support and upgraded market demand [7] - The market size is projected to grow from 1.5 trillion yuan in 2020 to 2.8 trillion yuan by 2025, with a compound annual growth rate exceeding 13% [9] Group 5: Emerging Trends and Opportunities - New consumption hotspots are emerging in areas like event activities, sports training, and fitness leisure, reflecting a shift towards personalized and refined consumer demands [10] - The integration of sports with various sectors such as tourism and education is expanding the external space for sports consumption [11] Group 6: Future Growth Potential - The sports consumption market has significant growth potential, with a projected increase in scale and per capita spending driven by rising disposable incomes and health awareness [14] - Service consumption, particularly in event viewing, fitness training, and sports tourism, is expected to become a major growth driver [15] Group 7: Recommendations for Sustainable Development - To further stimulate sports consumption, it is recommended to focus on cultivating event economies, integrating multiple business models, accelerating digital transformation, and optimizing the policy environment [18] - Developing a robust event economy can convert spectator traffic into actual consumption, enhancing the overall market [19] - Promoting cross-industry integration can create a diverse consumption ecosystem, meeting varied consumer needs [20] - Accelerating digital transformation will enhance consumer experience and supply efficiency, fostering innovation in sports consumption [21]

Group 1: Xiaomi and AI Integration - Lei Jun, founder and CEO of Xiaomi, predicts that humanoid robots will significantly enter Xiaomi factories in the next five years, emphasizing the deep integration of AI into traditional industries [1] - He highlights the efficiency of AI in quality control, stating that AI can complete inspections in 2 seconds, achieving 10 times the efficiency and over 5 times the accuracy compared to human workers [1] - Lei Jun advocates for smart manufacturing in Beijing, urging the industry to avoid relying on labor-intensive methods and instead focus on intelligent manufacturing to drive industry upgrades [1] Group 2: Baidu's Workforce Reduction - Baidu has initiated a new round of layoffs affecting multiple business departments, with some teams facing cuts of up to 40% [2] - The company is under significant operational pressure due to declining advertising revenues and increasing competition in the AI sector, which has not yet revitalized its core advertising business [2] Group 3: Meituan's Financial Struggles - Meituan reported its first loss since 2022, with its core local commerce division suffering an operating loss of 14.1 billion yuan due to intensified competition in the food delivery market [3] - The company's adjusted EBITDA and net profit also saw significant declines, marking a challenging financial period for Meituan [3] Group 4: Hypershell's Funding and Market Position - Hypershell, a leader in the consumer-grade exoskeleton market, successfully completed a $70 million Pre-B and B round of financing, achieving a post-money valuation of nearly $400 million [4] - The company is recognized for its pioneering efforts in the commercialization of consumer-grade exoskeletons, indicating strong market confidence in its technology and future prospects [4] Group 5: Apple's AI Research - Apple's research team has introduced a groundbreaking AI technology called PARS, designed to analyze EEG signals through self-supervised learning [5] - This model aims to understand the deep structure and long-range dependencies of brain activity by predicting the temporal distances between different brainwave segments [5] Group 6: Changan Automobile's Robotics Initiative - Changan Automobile has announced the establishment of a robotics company to align with national planning and its strategic transformation, focusing on humanoid robot technology [8] - The new company aims to develop innovative products and solutions in the robotics sector, enhancing the automotive industry's capabilities [8] Group 7: DingTalk's AI Medical Assistant - DingTalk has launched its first AI medical assistant, "Doukou Doctor Super Assistant," which can integrate over 40 million medical literature sources to assist obstetricians in clinical diagnosis [10] - This AI tool aims to enhance decision-making by providing evidence-based recommendations within one minute of case submission [10] Group 8: Estun's New Robot Launch - Estun has unveiled its new humanoid robot "Panshi C05-L," designed for various industrial and commercial applications, showcasing advancements in embodied intelligence technology [11] - The robot features adjustable height and is capable of performing tasks such as light material handling and precision assembly assistance [11] Group 9: SF Express's Lithium Battery Transport - SF Express successfully completed the first commercial air transport of ternary lithium batteries in China, utilizing AI safety protection equipment [14] - This milestone marks a significant advancement in the safety and optimization of lithium battery logistics and supply chains in the country [14]

Group 1 - Yushu Technology launched its first wheeled humanoid robot, G1-D, which features a height range of approximately 1260-1680mm and includes high-definition cameras [3] - The G1-D robot is available in two versions: a general version with 17 degrees of freedom and a flagship version with 19 degrees of freedom, capable of carrying a maximum load of about 3kg [3] - The G1-D employs a combination of wheeled and lifting designs, allowing for vertical operation in a space of 0-2m [3] Group 2 - The ETH Zurich team developed a new generation of micro-robots capable of precise navigation for drug delivery within the human body, utilizing a soluble capsule structure controlled by an external magnetic field [4] - The micro-robots are designed to navigate through the extremely small blood vessels in the human brain, presenting significant technical challenges [4] Group 3 - RoboParty completed a multi-million dollar seed round financing, which will be used for the development of core components and refinement of motion control algorithms [8] - This financing round is noted as the largest seed round in the domestic bipedal humanoid robot sector, marking the first investment by Xiaomi and Galaxy Universal in this field [8] Group 4 - Yifang Innovation announced the completion of a multi-million RMB Pre-A round financing led by Hillhouse Capital and Matrix Partners, aimed at advancing technology research and attracting high-end talent [9] - The company's first product is the industry's first consumer-grade exoskeleton supporting multi-joint linkage, targeting outdoor enthusiasts and professionals [10] Group 5 - Xi'an University of Technology published a paper on a novel grasping robot control method that combines fine hand movements with knowledge reasoning, enhancing the robot's ability to perform multi-target grasping [12]

Group 1 - The company is currently optimizing its industrial-grade exoskeleton and has not yet implemented large-scale internal usage [1] - The consumer-grade exoskeleton is planned for a small batch launch in scenic areas during this year's National Day holiday, with further optimizations based on customer feedback before mass sales [1]

Core Insights - Sports consumption is a key area for cultivating new growth points in consumption, with retail sales of sports and entertainment goods increasing by 22.2% year-on-year in the first half of this year [1] - The government aims to release the consumption potential in culture, tourism, and sports through special actions to boost consumption [1] Policy Measures and Development Potential - Sports consumption can be categorized into tangible, participatory, and spectator consumption, with a shift towards service expenditure in participatory and spectator categories [2] - Since 2014, a series of policies have been implemented to unleash sports consumption potential, including top-level design in national sports strategy and various action plans to stimulate market vitality [3] - The "14th Five-Year Plan" targets a total scale of over 2.8 trillion yuan in sports consumption, with a noticeable shift from tangible to participatory and spectator consumption [4] Market Trends and Opportunities - The sports consumption market is expected to grow significantly, driven by rising disposable income and increased awareness of sports and leisure [5] - The integration of sports with culture, tourism, health, and education is deepening, creating new market segments [5] - Digital transformation is accelerating, with smart wearable devices and online fitness platforms enhancing consumer experiences [5][6] Role of Sports Events - Sports events are becoming a crucial engine for expanding domestic demand, directly driving the demand for related sports products and services [7][8] - Events like the Chengdu International Table Tennis Championships have demonstrated significant economic impact, generating substantial ticket sales and boosting local hospitality and dining sectors [8] Venue Development and Consumer Experience - High-quality sports venue construction is essential for promoting sports consumption, with examples showing significant increases in local spending during major events [11][12] - The number of sports venues has increased significantly, with a total of 484.2 million venues and a total area of 4.23 billion square meters by the end of 2024 [13] Challenges and Recommendations - Despite progress, there are challenges such as uneven regional development and a lack of diverse event offerings [10][20] - Recommendations include tailoring events to local needs, enhancing collaboration across sectors, and improving venue operations to better meet consumer demands [10][15]

Core Insights - Sports consumption is a key area for cultivating new growth points in consumption, with retail sales of sports and entertainment goods increasing by 22.2% year-on-year in the first half of this year [1] - The government aims to release the consumption potential in culture, tourism, and sports through special actions to boost consumption [1] Policy Measures and Development Potential - Sports consumption can be categorized into tangible, participatory, and spectator consumption, with a shift towards service expenditure in participatory and spectator categories [2] - Since 2014, a series of policies have been implemented to unleash sports consumption potential, including top-level design in national sports strategy and various action plans to stimulate market vitality [3] - The "14th Five-Year Plan" targets a total scale of over 2.8 trillion yuan in sports consumption, indicating a continuous growth trend [4] Market Trends and Consumer Behavior - The structure of sports consumption is optimizing, with a decline in tangible consumption from 53.7% in 2014 to a lower percentage, while participatory and spectator consumption are on the rise [4] - High-income regions show a growing demand for high-end sports products and services, with outdoor and ice sports gaining popularity among young consumers [4] - The per capita sports consumption in first-tier cities is projected to be around $500 by 2024, compared to over $1,000 in the U.S., indicating significant room for growth [4] Integration and Digital Transformation - The integration of sports with culture, tourism, health, and education is deepening, creating new market segments [5] - Digital transformation is accelerating, with smart wearable devices and online fitness platforms enhancing consumer experiences [5][6] Role of Sports Events - Sports events are becoming a crucial engine for expanding domestic demand, directly driving the demand for related sports products and services [7][8] - Events like the Chengdu International Table Tennis Championships have demonstrated significant economic impact, generating substantial revenue and boosting local hospitality and dining sectors [8] Venue Development and Consumer Experience - The construction of sports venues is essential for improving conditions for sports participation and consumption, with examples showing significant increases in local spending during events [11][12] - The number of sports venues has grown significantly, with over 484.2 million venues nationwide, indicating a robust infrastructure to support sports consumption [13] Challenges and Recommendations - Despite progress, challenges remain, such as the need for diversified post-event operations and improved service quality in venues [14] - Recommendations include enhancing venue operations through professional management, embracing smart technologies, and integrating venues with urban development to create multi-functional spaces [15][16] Trends in Fitness and Training - The trend is shifting towards personalized and intelligent services in fitness and sports training, with a growing demand for niche sports and tailored experiences [17][18] - Community-level sports activities are gaining traction, with initiatives aimed at increasing participation and enhancing public health awareness [19][20]