本报讯 2月13日晚间，影石创新科技股份有限公司（以下简称"影石创新"）发布2025年度业绩快报。公 告显示，公司2025年实现营业总收入98.58亿元，同比大增76.85%，营收创历史峰值。 影石创新方面称，公司聚焦于业务增长曲线构建，以手持云台相机等新品为重要着力点，进行了前瞻性 战略投入。但原材料价格波动、市场竞争加剧等因素对公司盈利能力构成较大挑战，公司将积极应对挑 战，不断提升综合竞争力。 2月13日，影石创新还因在公司年会现场送出5套商品房、一辆保时捷冲上微博热搜第一。据悉，影石创 新年终奖总额较前一年增长100%；在2025年推出"夏雨激励"，薪酬之外的项目奖金合计发放近3000万 元，覆盖超70%的职员。 影石创新创始人刘靖康在年会上表示："影石创新是创造驱动的公司，相信长期价值大于短期利润。" 现场，他首次公开手持云台相机新品并正式命名"Luna"，并强调"这绝不是另一个Pocket"；该产品将于 今年上半年上市，或成为首款具备长焦功能的手持云台相机。此外，刘靖康还表示，2026年公司新品数 量将超过2025年，产品发布节奏将进一步提速。 近日，影石创新跻身外资调研榜前三位。2月8日，高盛发 ...

Group 1: Technology Developments - ByteDance's chip team has expanded to over 1,000 members, with more than 500 focused on AI chips and around 200 on CPU development, indicating a strong emphasis on chip business amid increasing demand for computing power [2] - JD Technology has launched "JD AI Payment," which utilizes the JoyAI model for various hardware and software applications, enabling AI-assisted payment processes [4] - Baidu has officially launched OpenClaw, an e-commerce plugin that integrates its product knowledge graph with CPS supply chain capabilities, allowing for a streamlined shopping experience [5] - Gaode is set to release its self-developed embodied navigation base model, claiming to have built the largest embodied navigation data engine in the industry [6] - Xiaomi has announced the open-sourcing of its first-generation robot VLA model, which features 4.7 billion parameters and capabilities in visual language understanding [13] Group 2: Corporate Actions and Investments - Anthropic has completed a funding round, raising $30 billion at a valuation of $380 billion, nearly doubling its previous valuation and positioning it among the most valuable private tech companies globally [11] - RoboScience has announced the completion of a Pre-A round financing, raising several hundred million yuan, with participation from multiple investment firms [12] - Former Honor CEO Zhao Ming has joined Qianli Technology, expressing a long-term commitment to AI as a significant area for future investment [9] Group 3: Market Trends and Consumer Behavior - Taobao's flash sale platform reported that nearly half of the orders from its AI assistant, Qianwen, came from county-level cities, highlighting the growing adoption of AI in e-commerce [7] - Xiaohongshu has announced that AI-generated content must be clearly labeled, aiming to maintain user trust and transparency within the community [8] Group 4: Product Launches and Innovations - Insta360's CEO showcased the "Luna," a handheld gimbal camera set to launch in mid-2026, which is expected to be the first in the market with telephoto capabilities [3] - Samsung Electronics has begun mass production of HBM4 memory, anticipating a threefold increase in sales by 2025 and planning to expand HBM4 production capacity [10]

Core Viewpoint - The annual meeting, a modern corporate phenomenon in China, reflects a company's financial strength, cultural values, and market position, evolving from traditional industries to tech companies that now dominate the spotlight [1][6]. Group 1: Evolution of Annual Meetings - The grandeur of annual meetings has shifted from real estate and internet giants to new tech players like AI and smart hardware companies, showcasing extravagant events and significant employee rewards [1][6]. - Companies like ZhiYuan and Chasing have transformed their annual meetings into large-scale events, with ZhiYuan offering cash rewards and Chasing hosting a concert-like atmosphere [1][7]. - The trend of substantial year-end bonuses continues, with companies like Kuaishou and Momo providing significant rewards, such as stock options and high-end electronics [5][8]. Group 2: Importance of Employee Engagement - Annual meetings serve as a platform for companies to enhance their image and attract talent, emphasizing the importance of employee recognition and motivation [13][19]. - The concept of "petting the employee persona" is crucial, as companies aim to create a positive narrative around their workforce to attract top talent in a competitive market [15][19]. - CEO personas are also highlighted during these events, with leaders using the platform to communicate company values and future directions [15][19]. Group 3: Changes in Corporate Culture - The shift in focus from extravagant benefits to effective performance management reflects a broader change in corporate culture, with companies recognizing the need for precise incentive distribution [20][24]. - The decline of traditional welfare culture in Silicon Valley is mirrored in China, where companies are reassessing their approach to employee benefits and incentives [20][24]. - The evolving landscape of annual meetings indicates a need for companies to balance employee satisfaction with effective management practices, addressing the complexities of human behavior in organizational settings [24][25].

2月11日，影石Insta360举办年会，其中，最重磅的特别贡献奖是5套大湾区商品房，均由90后获得。据极目新闻，记者从影石方面获悉，现场 还有保时捷、特斯拉、理想、宝马等名车相送。 另据红星新闻，记者从该公司一名知情员工处获悉，年会中送出商品房一事属实，房子价值百万元以上，5名获奖者都是"90后"，其中没有高 管。此外，该员工还表示，年会上公司还送出6辆汽车，其中一人获得一辆保时捷，另五人从理想L7 Pro、新款BMW 3系、特斯拉Model Y三 款中任选一辆。 年会活动负责人表示，获奖员工可从两个环境优美、配套完善的高品质小区中自由选择。 记者注意到，年会举办前（2月11日）凌晨，影石Insta360创始人刘靖康曾在朋友圈发布筹备照片，配文"每年年会前都没有睡觉"。公开数据显 示，公司连续多年向员工赠送奖品，去年年会曾一次性送出6台新能源汽车。 据极目新闻，网上流传的影石Insta360年会奖品清单还显示，特等奖为36克影石定制金钞，一等奖则包含3台iPhone 17 Pro、3台影翎Antigravity A1以及3份8克定制金钞，各类奖品总数超3600份。影石方面也向记者证实，该奖品清单属实，中奖率 ...

Core Viewpoint - Cryptocurrency executive Do Kwon has pleaded guilty to fraud related to the $40 billion collapse of TerraUSD/Luna and has been sentenced to 15 years in prison; the judge described the case as "an epic, multi-generational fraud" [1][1]. Group 1 - Do Kwon's guilty plea is linked to the significant financial loss of $40 billion from the TerraUSD/Luna collapse [1]. - The sentencing of 15 years reflects the severity of the fraud, indicating a strong legal response to high-profile financial crimes in the cryptocurrency sector [1]. - The judge's characterization of the case as "epic" suggests a broader implication for the cryptocurrency industry, highlighting the potential for systemic risks associated with such fraudulent activities [1].

Core Insights - Amazon is undergoing significant layoffs in its video game development and publishing divisions, particularly affecting its studios in San Diego and Irvine, as part of a strategic reevaluation of its gaming business [1][6] - The company has decided to halt a substantial portion of its first-party AAA game development, especially in the MMO segment, which reflects a broader shift in strategy within Amazon Games [1][6] - The recent launch of Luna, Amazon's new gaming platform, emphasizes a focus on streaming entertainment and delivering value to Prime members, indicating a pivot towards integrating gaming with Amazon's broader service offerings [3][5] Company Strategy - The company is critically assessing the evolving dynamics of the gaming industry and competitive landscape, leading to the decision to reduce roles in its game studios and central publishing team [1][6] - Amazon aims to deliver the best gaming experiences while leveraging its strengths, as demonstrated by the launch of Luna with a catalog of social party games and AAA titles [5][6] - Despite the cuts, Amazon continues to develop games, with ongoing projects like March of Giants and collaborations with external studios for upcoming titles [7] Impact on Employees - The layoffs are part of a larger corporate restructuring, with notifications already sent to most affected employees, while others will follow local processes [8] - The company acknowledges the difficulty of these changes and the impact on team members who have contributed significantly to its gaming efforts [9]

Core Insights - Do Kwon, once a prominent figure in the cryptocurrency world, has become the central figure in one of the largest financial fraud cases in history, facing significant legal consequences for misleading investors and causing substantial financial losses [3][4][100]. Group 1: Background and Rise - Do Kwon was born in Seoul in 1991 to a middle-class family, showing exceptional intelligence from a young age, particularly in mathematics [8][10][9]. - He attended one of Korea's elite high schools and later graduated from Stanford University, where he was influenced by the entrepreneurial culture of Silicon Valley [11][15][20]. - After returning to Korea, he founded Anyfi in 2016, which aimed to disrupt the telecommunications industry using blockchain technology, but the project ultimately failed [21][25][27]. - In 2018, he co-founded Terraform Labs in Singapore, focusing on creating an algorithmic stablecoin system with TerraUSD (UST) and Luna tokens [28][31][30]. Group 2: Business Model and Expansion - The Terra ecosystem was designed to maintain UST's peg to the US dollar through a dual-token mechanism, which Kwon described as a revolutionary approach to currency [32][35][40]. - By the end of 2020, UST's market capitalization reached several hundred million dollars, and Kwon was recognized as a pioneer in algorithmic stablecoins [40][41]. - In 2021, Kwon launched the Anchor Protocol, promising unsustainable high yields, which attracted significant investment but was fundamentally flawed [43][49][48]. Group 3: Downfall and Legal Issues - The collapse of the Terra ecosystem began in May 2022, leading to massive financial losses for investors, estimated at $40 billion, and triggering regulatory investigations [68][75][77]. - Following the collapse, Kwon attempted to evade legal consequences, leading to an international manhunt and his eventual arrest in Montenegro [79][86][90]. - In August 2025, Kwon pleaded guilty to multiple charges in a New York federal court, marking a significant legal milestone in cryptocurrency fraud enforcement [99][100].

Group 1 - Ethereum (ETH) has seen a significant price increase, briefly surpassing $4700, currently trading at $4675.57 with a 24-hour increase of 6.71% [1] - Bitcoin (BTC) also experienced a rise, briefly exceeding $122,000, currently at $121,958 with a 24-hour increase of 2.63% [1] - OKX has completed a strategic upgrade of its X Layer, focusing on DeFi, payments, and RWA scenarios, and has burned 65,256,712.097 OKB tokens, fixing the total supply at 21 million [1] Group 2 - Do Kwon, co-founder of Terraform Labs, has pleaded guilty to federal charges of conspiracy to commit fraud and wire fraud, potentially facing up to 25 years in prison due to the collapse of TerraUSD and Luna, which resulted in approximately $40 billion in losses [2]

Legal & Regulatory - Do Kwon 在美国承认共谋欺诈和电汇欺诈罪名，与 TerraUSD 和 Luna 400 亿美元的崩盘有关 [1] - Do Kwon 面临最高 25 年的监禁 [1]

According to Reuters, Terraform Labs co-founder Do Kwon pleaded guilty in the U.S. on Tuesday to two federal charges: conspiracy to defraud and wire fraud. Kwon was behind the development of the cryptocurrencies TerraUSD and Luna, whose collapse led to an estimated $40 billion in losses. If convicted, he could face up to 25 years in prison.https://t.co/ApjoDsXqhA ...