记者丨吴佳楠 杨雨莱 叶卓铮 编辑丨林曦 李依农 视频制作丨李群 当"中国经济第一大省"广东正在激活投资动能的时候，粤商成为一股关键力量。 9月28日—30日，2025世界粤商大会在广州召开。这场每两年召开一次的大会，既是粤商崭露发展新形 象的舞台，也是广东招商引资、聚合资源的一个重要契机。今年，来自全球60个国家和地区的近千名粤 商代表参会，其中不乏世界500强、中国500强、广东省民营企业100强企业。 他们并非空手而来，也没有空手而归。仅现场签约的项目就有24个，总投资额达444.58亿元，涵盖人工 智能、半导体、网络与通信等重点产业领域，聚焦科技创新、深耕实体经济、联动海内外资源的特性异 常鲜明。 众所周知，广东是民营经济大省。截至8月末，广东全省登记在册民营经济组织1925.17万户，同比增长 6.47%，占全省经营主体总量的96.45%。其中，私营企业834.53万户，同比增长10.6%；个体工商户 1090.64万户，同比增长3.52%。这就是粤商的多元生态。有与会嘉宾打趣地说，广东的特产是"老板"。 但是，"老板们"也正处于全球经济周期新旧交替、市场竞争日益激烈的环境下，粤商又该如何拓展全球 ...

记者丨吴佳楠 杨雨莱 叶卓铮 编辑丨林曦 李依农 视频制作 丨 李群 当"中国经济第一大省"广东正在激活投资动能的时候，粤商成为一股关键力量。 9月28日—30日，2025世界粤商大会在广州召开。这场每两年召开一次的大会，既是粤商崭露 发展新形象的舞台，也是广东招商引资、聚合资源的一个重要契机。今年，来自全球60个国 家和地区的近千名粤商代表参会，其中不乏世界500强、中国500强、广东省民营企业100强企 业。 他们并非空手而来，也没有空手而归。仅现场签约的项目就有24个，总投资额达444.58亿 元， 涵盖人工智能、半导体、网络与通信等重点产业领域，聚焦科技创新、深耕实体经 济、联动海内外资源的特性异常鲜明 。 这是广东投资潜能的一个缩影，也是粤商在经济高质量发展中加码投资广东的新逻辑。 "广东确实是太特殊了，创业环境非常好，也很宜居，我永远不会离开这里。"具身智能行业 企业帕西尼创始人许晋诚说。 广东省工商联主席、研祥高科技控股集团董事局主席陈志列表示，要"再造一个新广东"，还 需要更多新鲜血液的加入，欢迎来自未来产业、战新产业和传统产业在内的任何领域的企业 到广东投资、赚钱。 科技突围 TCL创始人、 ...

当"中国经济第一大省"广东正在激活投资动能的时候，粤商成为一股关键力量。 9月28日～30日，2025世界粤商大会在广州召开。这场每两年召开一次的大会，既是粤商崭露发展新形 象的舞台，也是广东招商引资、聚合资源的一个重要契机。今年，来自全球60个国家和地区的近千名粤 商代表参会，其中不乏世界500强、中国500强、广东省民营企业100强企业。 他们并非空手而来，也没有空手而归。仅现场签约的项目就有24个，总投资额达444.58亿元，涵盖人工 智能、半导体、网络与通信等重点产业领域，聚焦科技创新、深耕实体经济、联动海内外资源的特性异 常鲜明。 这是广东投资潜能的一个缩影，也是粤商在经济高质量发展中加码投资广东的新逻辑。 "广东确实是太特殊了，创业环境非常好，也很宜居，我永远不会离开这里。"具身智能行业企业帕西尼 创始人许晋诚说。 广东省工商联主席、研祥高科技控股集团董事局主席陈志列表示，要"再造一个新广东"，还需要更多新 鲜血液的加入，欢迎来自未来产业、战新产业和传统产业在内的任何领域的企业到广东投资、赚钱。 科技突围 "我是一名在广东扎根近二十年的创业者，自2007年创业起，我们始终扎根于广东这片创业热土，亲 ...

"粤"是故乡名，处处皆"商"机。 "广东确实是太特殊了，创业环境非常好，也很宜居，我永远不会离开这里。"近日，在2025世界粤商大会召开之际，具身智能 行业企业帕西尼创始人许晋诚在接受南方财经记者专访时的一番话，让人印象深刻。 9月28日-30日，由广东省人民政府、广东省政协主办，广东省委统战部、广东省工商联（总商会）承办的2025世界粤商大会在 广州召开，今年大会吸引了来自全球60个国家和地区的工商社团和近千名粤商代表，世界500强、中国500强、广东省民营企业 100强企业代表参会。 21世纪经济报道记者 吴佳楠 广州报道 与会粤商纷纷认为，粤商积极抢占全球市场份额最重要的就是善用遍布全球的粤商网络，共享湾区机遇、强化全球协作。这场 大会也向广大粤商释放出了诸多积极信号和合作共赢邀约，释放广东机遇的"强磁场"效应，激励带动更多海内外粤商关注广 东、投资广东、扎根广东。 科技突围 "我是一名在广东扎根近二十年的创业者，自2007年创业起，我们始终扎根于广东这片创业热土，亲历并推动着广东制造业从传 统制造向智能制造的转型升级。"全国人大代表、全国工商联执委、广东拓斯达科技股份有限公司董事长吴丰礼表示，企业成为 ...

Investment Rating - The report maintains an "Outperform" rating for the industry, indicating expected performance above the market benchmark by over 10% [3][33]. Core Insights - The AI sector is currently the main investment theme, with major companies benefiting from advancements in cloud computing, advertising, and AI-generated content (AIGC). North American giants have seen accelerating revenue growth in Q2, leading to an upward adjustment in annual capital expenditures [3][30]. - The report highlights the competitive landscape in the e-commerce sector, where platforms are intensifying investments in instant retail to seek new growth opportunities [3][30]. - Key companies recommended for investment include Tencent Holdings, Alibaba, Meitu, Kuaishou, NetEase Cloud Music, and Tencent Music, all of which are expected to benefit from AI advancements [3][30]. Summary by Sections Company Dynamics - Kimi K2 model from Hugging Face ranks first in daily downloads, with over 40,000 downloads per day [17]. - Baidu AI Search leads the domestic market with 322 million monthly active users [20]. - Alibaba's OKKI AiReach has helped merchants discover an average of 1,325 new potential customers [20]. - OpenAI has launched its models on Amazon Web Services, enhancing accessibility for AI applications [21][22]. Underlying Technology - OpenAI has released its flagship AI model, GPT-5, which integrates reasoning capabilities and rapid response advantages across four versions [27]. Industry Policy - The Chinese government is implementing the "Artificial Intelligence +" initiative, which is expected to create new growth opportunities for companies in the AI industry [28]. - Support for digital infrastructure, including 5G and industrial internet, is being strengthened through long-term loans [28][29].

Group 1 - Hainan Province aims for the value added by four leading industries to account for approximately 70% of GDP by 2027, enhancing economic high-quality development [2] - Shanghai's "Explorer Plan" for basic research encourages enterprises to invest in foundational research and aims to optimize project management [3] - Guangdong Province's financial service plan for SMEs focuses on digital transformation, enhancing financial support and service quality [3] Group 2 - The world's first robot consumption festival, E-Town Robot Consumption Festival, offers subsidies up to 1,500 yuan for robot purchases [3] - Tencent has open-sourced multiple small-sized models that can run on consumer-grade graphics cards, suitable for low-power scenarios [4][5] - Harmony Hospital and Alibaba's Damo Academy have formed a strategic partnership to explore AI screening services for multiple diseases [6] Group 3 - Gaode Map has launched the world's first AI-native map application, enhancing user experience with deep spatiotemporal understanding [7] - SAIC Motor Corporation reported a 34.2% year-on-year increase in vehicle sales for July, marking seven consecutive months of growth [8] - BAIC Blue Valley's subsidiary reported a 6.38% decline in July sales, despite a significant increase in cumulative sales for the year [9] Group 4 - Pony.ai has launched a regular Robotaxi service in Shanghai, covering key commercial areas and landmarks [10] - Shenzhou Car Rental has signed a strategic cooperation agreement with CATL and others to promote the upgrade of the rental industry towards new energy and intelligence [11] - The mechanical industry in China has shown improved production and sales compared to the previous year, with 68.9% of monitored products experiencing production growth [12] Group 5 - Sanofi confirmed the suspension of Alirocumab injection supply in China due to global supply issues and an upgrade in its cardiovascular product strategy [13] - Anta Sports responded to rumors regarding the acquisition of Reebok, advising to rely on official company announcements [14] - Yale University's research indicates that the average effective tariff rate on U.S. imports has reached its highest level in over 90 years [15] Group 6 - The SEC has established an AI special task force to enhance operational innovation and efficiency through responsible AI use [16] - OpenAI plans to release numerous new products and models in the coming months, including potential open-source models and GPT-5 [17] - OpenAI's COO announced that the number of paid enterprise users for ChatGPT has exceeded 5 million, reflecting growth across various sectors [18] Group 7 - Apple has formed a new team called "Answers" to develop AI services aimed at creating a new search experience similar to ChatGPT [19] - Samsung Electronics has established a company-wide AI project task force as part of its strategic transformation towards AI [20] - VinFast has opened its first manufacturing plant in India, marking a significant step in its global expansion [21] Group 8 - LG Chem plans to build South Korea's first hydrogenated vegetable oil plant, expected to be completed by 2027 with an annual capacity of 300,000 tons [22] - The world's first RWA registration platform will launch on August 7, facilitating the tokenization of RWA assets [23] - OPEC+ has agreed to increase oil production significantly in September, reversing previous cuts [24] Group 9 - Heytea has seen its overseas store count grow over six times in the past year, with over 100 stores now in various countries [25] - South Korea plans to cancel the tax refund policy for foreign tourists receiving medical beauty services, which may impact tourism [26] Group 10 - Figma's IPO is set with a pricing of $33 per share [27]

Group 1 - Renowned historian Xu Zhuoyun passed away at the age of 95, known for his influential works in Chinese history [3] - Xu's notable academic contributions include "Ancient China Trilogy" and "Chinese Culture Trilogy," with significant awards such as the National Library Wenjin Book Award [3] - The article highlights Xu's impact on the Chinese-speaking world and his various academic positions across prestigious universities [3] Group 2 - Neta Auto is seeking potential investors for restructuring, requiring a deposit of 50 million RMB by September 15, 2025, with 53 interested parties reported [5] - Longfor Group denied rumors regarding Li Ka-shing's sale of his Hong Kong property, clarifying that the information is false [5] - WeChat employees refuted claims that changing phone dates could recover expired files, emphasizing that expired files cannot be retrieved [7] Group 3 - Zhejiang Hongzhen Intelligent Chip Company, where Zong Fuli served as a director, has been dissolved as of July 28, 2025 [10] - Zhao Wei's shares in multiple companies have been frozen, totaling 1.59 million RMB, with a three-year freeze period [11] - Henan retail giant Pang Donglai reported a sales figure of 1.666 billion RMB for July, with a cumulative sales of 13.386 billion RMB for the first seven months of the year [11] Group 4 - ByteDance has launched its 2026 campus recruitment, offering over 5,000 positions, a significant increase from the previous year's 4,000+ [14] - The recruitment drive shows a 23% increase in demand for R&D positions, particularly in algorithms and front-end development [14] Group 5 - ChatGPT's weekly active users are projected to reach 700 million, marking a fourfold increase compared to last year [20] - OpenAI's annual recurring revenue has risen from 10 billion USD in June to 13 billion USD, with expectations to exceed 20 billion USD by year-end [20] Group 6 - VinFast is negotiating to increase local procurement in India as it opens its first factory there [22] - AI startup Linggan Shike has achieved a valuation exceeding 100 million USD after recent funding rounds led by Sequoia China and Hillhouse Capital [23] - The electric vehicle market is seeing significant investment, with various companies completing substantial funding rounds [23]

Core Insights - Tencent has shifted from a passive stance to an active role in the AI landscape, unveiling a comprehensive AI strategy focused on creating practical applications rather than just advanced technologies [2][4] - The company's stock has risen over 32% this year, with its market capitalization surpassing HKD 5 trillion, reflecting positive market sentiment towards its AI initiatives [2] AI Strategy Overview - Tencent has developed a "1+3+N" AI ecosystem centered around its self-developed mixed model, which includes platforms for both B-end and C-end applications [4][10] - The three main platforms are: "Tencent Yuanqi" for C-end, "Tencent Cloud Intelligent Agent Development Platform" for B-end, and the newly launched "Tairos" for robotics [4][5] Product Development and Applications - Tencent's AI applications are categorized into native AI applications and those integrated into its existing ecosystem, such as WeChat and QQ [7][8] - The AI assistant "Tencent Yuanbao" has been upgraded significantly, enhancing its capabilities in search, document understanding, and image processing [7][8] - The "ima" application focuses on transforming static knowledge into actionable insights, with a reported 208% increase in shareable private content in Q2 [7] Investment and Financial Commitment - Tencent has committed to a dual strategy of developing its own models while embracing advanced open-source models, indicating a pragmatic approach to AI development [10][11] - The company reported a capital expenditure of CNY 27.48 billion in Q1, a 91% year-on-year increase, primarily driven by AI-related R&D expenses [12]

Core Insights - AI is transforming the gold industry by providing new ideas and methods for design work, showcasing the potential for future development in the sector [1][3] Group 1: AI Applications in Gold Industry - AI serves as a practical tool for enhancing efficiency and innovation in the gold industry, moving beyond being a mere concept [1] - The integration of AI in design processes allows for rapid market trend analysis, consumer preference understanding, and feasibility assessments, leading to scientifically informed design suggestions [2] - AI can assist in generating professional sales scripts tailored to specific customer scenarios, enhancing the sales process in gold retail [2] Group 2: Practical Guidance and Training - The "AI Designer Prompt System" is crucial for effective communication with AI, where accurate input regarding style, elements, materials, and target audience is essential for quality design outcomes [2] - The use of AI in 3D jewelry design can significantly shorten the design validation cycle by generating 3D model files that can be directly used for prototyping [2] - Training sessions on the PROMPT framework provide detailed steps for effective AI interaction, emphasizing the importance of clear objectives and context [3]

Core Insights - The article discusses the transformative impact of AI on the gold industry, highlighting a seminar focused on integrating AI into traditional gold business practices [1][3]. Group 1: AI Integration in the Gold Industry - AI is reshaping the gold industry by enhancing efficiency and innovation through the combination of data, algorithms, and computing power [3]. - The seminar featured industry experts who provided practical guidance on utilizing AI for design and sales in the gold sector [3][7]. - AI tools, such as the Tencent Yuanbao AI, are being utilized for various applications including search, image recognition, and voice interaction, demonstrating their relevance to the gold industry [3][5]. Group 2: Practical Applications of AI - The "AI Designer Prompt System" was introduced, emphasizing the importance of precise input for generating quality design proposals [4]. - A demonstration showed how AI can assist in 3D jewelry design, significantly reducing the design validation cycle by generating models for 3D printing [5]. - AI-generated sales scripts were showcased, illustrating how AI can create tailored sales pitches that resonate with customers [7]. Group 3: Training and Engagement - The seminar included interactive sessions where participants practiced AI applications in design and sales, highlighting the potential for AI to revolutionize the gold industry [7]. - Experts led attendees through the PROMPT framework, teaching them how to effectively communicate with AI for optimal results [7].