1月5日，雷鸟创新（RayNeo）宣布近期完成新一轮超 10 亿元融资。与雷鸟过往的融资不同，本轮投资方中罕见出现中国移动、中国联通两大运营商身 影，这也是中国主流运营商首次战略投资智能眼镜赛道企业。 考虑到中国的运营商并非财务型投资者，所以本次融资不仅是为智能眼镜赛道注入一剂强心针，更印证了运营商与智能眼镜厂商已经取得共识：智能眼镜 将成为下一代消费级计算中心。 实际上，如果说之前"智能眼镜的iPhone时刻"是一种猜想，那么从2026年开始，这已经是处于进行时——CES 2026期间，雷鸟创新展示了首款eSIM AR 智 能眼镜——X3 Pro Project eSIM，这意味着智能眼镜很可能在2026年会补上通信这最后一块拼图，成为新的独立终端，这是之前智能音箱、智能手表都没 有实现的科技创新，十多年来科媒体一直追问的"下一代计算终端"已经柳暗花明。 运营商重仓下注，绝非偶然。只不过，在万亿新赛道开启，消费电子即将再次迎来划时代产品的时刻，一个问题与这次融资一起出现于行业视野：运营商 首次投资智能眼镜，为何选择成立仅4年的雷鸟创新？ 这个问题的背后，涵盖了这个诞生于2010年代初，长期产品缺共识、商业反 ...

将投中网设为"星标⭐"，第一时间收获最新推送 卖出数十万台AR眼镜。 | 作者丨 鲁智高 | 编辑丨 王庆武 | | --- | --- | | 来源丨 投中网 | | 在火热的 AR 领域，一家深圳公司短时间内获得众多关注。 2026 年 1 月 5 日，雷鸟创新宣布新一轮融资正式完成，由中国移动、中国联通旗下基金联合投资。不久前，这家公司还宣 布获得中信金石旗下茅台金石、金石成长等基金领投的融资。 上述融资完成也意味着，雷鸟创新在中信金石和中国移动、中国联通等投资方的支持下， C 轮融资金额超 10 亿元，正加速 迈向独角兽阵营。中国移动和中国联通的入局，标志着中国主流运营商首次共同投资智能眼镜赛道，表明 AR 终端正式进入国 家通信基础设施战略视野。 "本轮资金将主要用于 AI+AR 技术研发。"据雷鸟创新创始人兼 CEO 李宏伟透露，雷鸟创新的下一轮融资也将在 2026 年年 初完成，"我们在 CES 2026 期间会展示首款 eSIM AR 眼镜，这款产品采用双目全彩显示方案、内置 eSIM 模块，能展示 智能眼镜的完整形态。" 这番判断背后，源于李宏伟在互联网和科技行业的丰富经历。本科从北京航空航 ...

Core Viewpoint - TCL Electronics has demonstrated strong performance in the context of a slowing global black electronics market, achieving quality growth in its core business and significant innovation breakthroughs, leading to a 20.4% year-on-year revenue increase to HKD 54.78 billion in the first half of 2025 [1][2]. Financial Performance - In the first half of 2025, TCL Electronics reported a post-tax profit of HKD 1.05 billion, a 60.5% increase year-on-year, and an adjusted net profit attributable to shareholders of HKD 1.06 billion, up 62.0% year-on-year [1]. - The company's television business revenue grew by 9.4% to HKD 28.35 billion, with a gross margin increase of 0.5 percentage points to 15.9% [5]. Strategic Focus - TCL Electronics is committed to a "high-quality development" strategy, aiming for long-term goals where net profit growth outpaces revenue and sales growth [2]. - The company is focusing on a "mid-to-high-end + globalization" strategy to navigate the current market uncertainties and enhance its competitive position [2]. Market Trends - The TV market is experiencing structural growth trends towards larger and higher-end products, with a significant increase in demand for Mini LED technology [3][4]. - The domestic TV market has surpassed a 50% penetration rate for large screens, while the overseas market is gradually catching up, presenting opportunities for TCL [3]. Innovation and Technology - TCL Electronics is exploring Micro LED technology and AI to enhance operational efficiency and expand into new markets such as smart glasses and companion robots [2][9]. - The company launched the 163-inch Micro LED television X11H Max, featuring advanced specifications that enhance picture quality [7]. Competitive Position - TCL Electronics has solidified its position as the second-largest global TV manufacturer, with a 7.6% year-on-year increase in global TV shipments to 13.46 million units in the first half of 2025 [5]. - The company leads the global market in Mini LED TV shipments, showcasing its technological advancements and market responsiveness [5]. Future Outlook - The market for companion robots is projected to reach USD 117.3 billion by 2033, with a CAGR of approximately 18%, indicating significant growth potential for TCL's innovations in this area [13]. - TCL's strategic focus on AI and AR/XR technologies is expected to open new growth avenues, enhancing its brand presence globally [14].