展望未来，此举开启想象空间的同时也带来管理课题。集团需有效整合海外技术资源，并应对数字货币 市场波动对收益的潜在影响。投资者可关注后续财报中技术落地与收益使用的具体披露，以验证这一模 式的长期价值。 中国春来教育集团(01969)在科技与教育融合的探索上再进一步。集团最新公告显示，其主席侯春来先 生将透过捐赠方式，向集团免费提供其美国数据中心开发的AI与区块链技术使用权，并将该数据中心 所产生的全部利润捐予集团。这一"技术+收益"的双重捐赠模式，为核心教育主业配备科技与财务"双引 擎"。 此项安排为集团业务的深度融合开辟了清晰路径。在技术层面，捐赠的AI算力与区块链技术将直接赋 能于集团正在推进的AI教育战略,包括部署DeepSeek R1模型的教育平台，助力开发虚拟课堂、个性化学 习系统等创新应用。在财务层面，数据中心带来的利润将为集团提供稳定的额外资金，可定向用于智慧 校园升级、AI课程研发等长期项目，从而构建起"技术提升教育体验，收益反哺研发创新"的良性发展闭 环。 ...

3.资源协同效应：集团近期已公布部署DeepSeek R1模型并与合作方共同开发AI教育平台。此次主席捐 赠的技术与算力将与此形成战略协同，为其AI教育布局提供底层支持。 中国春来教育集团(1969.HK)近日发布自愿公告，宣布集团主席侯春来先生已同意将其旗下位于美国华 盛顿的数据中心所研发的AI与区块链技术，以无偿捐赠形式授予集团使用，同时将该数据中心产生的 全部利润捐赠给集团，用于推动教育科技创新。 战略意义分析： 1.低成本强化技术根基：此举使集团在不产生直接资本开支的情况下，获得了前沿的AI算力与区块链技 术支持，为其持续推进的"AI+教育"战略提供了底层基础。 2.多元化收益与财务补充：数据中心的利润捐赠将为集团带来新的收益来源，这部分资金可用于反哺教 育主业的科技研发与智慧校园建设。 市场观点： 有分析师指出，这一安排以极低的成本为集团注入了科技资产与现金流，若后续运营顺利，将有助于中 国春来从传统教育集团向科技驱动型教育企业转型。 ...

Core Insights - The global trend of smart education, characterized by digitalization, is being led by China's practices, which serve as a model for developing countries facing infrastructure challenges [1] - The 2025 Global Smart Education Conference highlighted the need for inclusive digital education, emphasizing that access to education must be equitable for all [2][3] - The development of smart education has gained consensus, with various countries making significant investments in digital infrastructure and resources [4][5] Group 1: Global Smart Education Trends - Smart education is becoming a global trend, with China at the forefront, providing a model for other developing regions [1] - The conference showcased participation from international education experts and organizations, indicating a collaborative global effort in advancing smart education [1] - The need for inclusive education was emphasized, particularly in regions like Africa and Southeast Asia, where digital infrastructure is lacking [2] Group 2: Investment and Infrastructure - The UAE government allocates a significant portion of its budget to education, with 10.4 billion dirhams (approximately 2.83 billion USD) dedicated to digital transformation in 2020 [4] - Japan's "GIGA School" initiative aims for nationwide high-speed internet coverage in schools by 2023, with a goal to provide each student with a digital device [5] - South Korea plans to introduce AI digital textbooks by 2025, with a third of its primary and secondary schools already selected for implementation [5] Group 3: Challenges and Opportunities - The lack of interoperability in education systems poses risks, including redundancy and weak monitoring mechanisms, which need to be addressed for coherent policy implementation [6] - The global smart education market presents vast opportunities, particularly for Chinese companies that have made significant inroads into international markets [7] - The demand for digital education in developing countries is high, especially for vocational training, where AI systems can provide cost-effective solutions [8] Group 4: Future Directions - The Chinese government is focusing on international collaboration in digital education, aiming to build overseas learning centers and enhance digital skills training for developing countries [9] - The rapid pace of knowledge renewal necessitates that education systems adapt to provide lifelong learning opportunities [9] - The emphasis on localizing educational products and services is crucial for successful implementation in diverse cultural contexts [8]

Group 1 - Hong Kong Cyberport showcased AI innovations at the WAIC 2025, featuring nine startups with applications in AI education, smart fall prevention systems, smart training systems, smart city applications, and AI-generated content platforms [1] - Cyberport aims to build a comprehensive innovation ecosystem centered around its AI supercomputing center, focusing on computing power, general and specialized large models, model risk assessment, industry application support, governance and ethics discussions, and talent cultivation [1][2] - The AI supercomputing center, the largest in Hong Kong, was launched in December last year, with computing power expected to reach 3000 PFLOPS within this year to meet local demand [1] Group 2 - The core challenge in AI development is addressing the "last mile" issue for large models, particularly in high-precision fields like healthcare, where application results are less frequently discussed [2] - Cyberport collaborates with leading industry enterprises and over 400 AI and big data startups to create a robust AI ecosystem, facilitating digital and intelligent transformation in industries [2] - Participants from Cyberport's startups expressed optimism about AI's potential to drive innovation across various sectors and their eagerness to contribute to this growth [2]

Group 1 - Hong Kong Cyberport led nine community members to participate in the "2025 World Artificial Intelligence Conference and Global Governance High-Level Meeting" in Shanghai, showcasing AI innovations from Hong Kong [1] - The "Hong Kong Pavilion" was established in collaboration with the Hong Kong Trade Development Council and Hong Kong Science Park, featuring various AI applications such as AI education platforms and smart city solutions [1] - Three startups from Cyberport, Canpanion, Votee AI, and YouToo Robot, were recognized as "WAIC 2025 Future Tech" for their innovative capabilities and growth potential [1] Group 2 - The Hong Kong Polytechnic University received a grant of HKD 3 billion for an AI funding program, highlighting Hong Kong's competitive advantage in the AI sector [3] - The AI leaders iFlytek, Biren Technology, and Baidu's smart driving project were also recognized in the "SAIL Award" top 30, showcasing contributions to high-quality development in Hong Kong and the nation [3] - The focus is on addressing the last-mile implementation of large models in specialized fields such as healthcare [3] Group 3 - Cyberport is building a comprehensive innovation ecosystem centered around an AI supercomputing center, which will enhance capabilities in various areas including model risk assessment and talent cultivation [5] - The AI supercomputing center, launched in December last year, aims to increase its computing power to 3000 PFLOPS to meet local demands [5] - The government allocated HKD 3 billion for a three-year AI funding program to support local institutions and enterprises in utilizing the supercomputing resources [5] Group 4 - As of June 30 this year, approximately 10 projects have been approved, covering areas such as local large language models and synthetic biology [6] - Cyberport aims to collaborate with over 400 AI and big data startups to create a robust AI ecosystem, facilitating digital transformation and promoting the development of the digital economy [6] - The goal is to help Hong Kong achieve its vision of becoming an international AI and innovation technology hub [6]

Core Insights - Tencent's core theme for this year is "making 'usable AI' a universal productivity tool" [1] - The company has introduced five major AI productivity platforms: intelligent agent development platform, embodied intelligence open platform Tairos, AIGC content generation platform, edge large model platform, and AI education platform [1] - Several technologies are making their debut, including the latest video call feature of Tencent's Yuanbao, which offers lower latency, more human-like interactions, and emotional engagement [1] Technology Applications - The Yuanbao video call feature is designed to assist elderly and visually impaired individuals, allowing them to ask questions anytime and anywhere [1] - Tencent's latest mixed Yuan model matrix encompasses capabilities for generating and understanding various modalities, including text, sound, images, video, and 3D [1] - The mixed 3D AI creation engine is the industry's first one-stop, low-threshold AI creation tool for 3D content production, significantly enhancing the efficiency of 3D content creation [1]