记者丨曾静娇 编辑丨刘雪莹 12月18日晚间，古鳌科技（维权）公告，公司前控股股东、实际控制人陈崇军因操纵证券市场罪被判处 有期徒刑6年，并处罚金人民币400万。 公告显示，陈崇军因涉嫌操纵证券市场罪于2024年4月18日被刑事拘留，同年5月24日被逮捕。 公开资料显示，古鳌科技于2016年上市，主营金融软硬件和信息化产品服务，如POS机，银行发卡鉴卡 机等。 本次判决为一审判决，尚未生效，如陈崇军在法定期限内提起上诉，最终判决及后续执行结果尚存在不 确定性。 对于公司的影响，古鳌科技表示，陈崇军为公司前任控股股东、前任实际控制人，上述判决为股东个人 行为，不会对公司生产经营产生重大不利影响。目前，公司经营情况正常。 公开履历显示，陈崇军生于1968年，为古鳌科技创始人，此前曾在相当长的一段时间内身兼公司董事 长、总经理两大要职。2021年10月，陈崇军因个人原因辞去公司总经理职务；2023年5月，古鳌科技董 事会换届，陈崇军不再担任董事，亦不再任董事长职务。此后未在公司担任具体职务。12月14日，古鳌 科技闪电将公司实控人变更为徐迎辉。负债超4.5亿，实控人被逮捕！操作手法曝光 公告截图 截至12月18日收 ...

记者丨曾静娇 编辑丨刘雪莹 12月18日晚间，古鳌科技公告，公司前控股股东、实际控制人陈崇军因操纵证券市场罪被判 处有期徒刑6年，并处罚金人民币400万。 公告显示，陈崇军因涉嫌操纵证券市场罪于2024年4月18日被刑事拘留，同年5月24日被逮 捕。 公告截图 本次判决为一审判决，尚未生效，如陈崇军在法定期限内提起上诉，最终判决及后续执行结 果尚存在不确定性。 对于公司的影响，古鳌科技表示， 陈崇军为公司前任控股股东、前任实际控制人，上述判决 为股东个人行为，不会对公司生产经营产生重大不利影响。 目前，公司经营情况正常。 公开履历显示，陈崇军生于1968年，为古鳌科技创始人，此前曾在相当长的一段时间内身兼 公司董事长、总经理两大要职。2021年10月，陈崇军因个人原因辞去公司总经理职务；2023 年5月，古鳌科技董事会换届，陈崇军不再担任董事，亦不再任董事长职务。此后未在公司担 任具体职务。 12月14日，古鳌科技闪电将公司实控人变更为徐迎辉。 负债超4.5亿，实控人 被逮捕！操作手法曝光 公开资料显示，古鳌科技于2016年上市，主营金融软硬件和信息化产品服务，如POS机，银 行发卡鉴卡机等。 截至12月18 ...

每经AI快讯，有投资者在投资者互动平台提问：请问贵公司生产的智能P0S机市场份额有多大？ （文章来源：每日经济新闻） 拉卡拉（300773.SZ）12月17日在投资者互动平台表示，公司不生产POS机，外部供货厂商根据公司需 求进行机具定制生产，公司采购的各类POS终端最终用于商户收单服务。目前公司收单交易规模在国内 第三方支付行业处于领先地位。 ...

"银联又出新规，关停违规机器，发现机器不能用及时联系我""POS机不秒到的，可以联系我，增加一 台秒到的""老旧机器别再用了，抓紧找我换新机"……此类关于POS机换新的营销，你遇到过多少？ 有消费者近日就收到POS机推销的邮件，对方宣称用户信用好，获得一台POS机，费率低至0.38%，点 击查看填写收货地址就可领取。 POS机违规网销乱象再现。除推销外，该推销信息还诱导消费者违规套现，其中，营销页面提示POS机 仅限信用卡用户领取，在获取姓名和手机号后，相关推销人员甚至向消费者介绍了一系列POS机套现的 升级手段和风险规避技巧，包括如何做到"刷卡便宜"、匹配多类型商户等。 违规推销乱象不止，多家支付机构也在加码治理。北京商报记者注意到，近日，包括乐刷支付、鲲鹏支 付、银盛支付等多家机构在内，均在加强对合作代理商的全面核查与整改工作，一面是激烈竞争环境下 展业乱象难防，另一面是严监管规范下机构加码治理，多重博弈下的收单行业，格局将被进一步重塑。 违规网销套路再起 "您有一封新邮件，请点击查看。"近日，消费者李明（化名）告诉北京商报记者，其收到一封来自"取 件中心"的POS机营销邮件，打开后显示已获得一台POS机 ...

风波不断、深陷亏损泥潭的古鳌科技（300551）12月7日晚间公告，公司实际控制人陈崇军正在筹划公司控制权变更相关事宜，该事项可能导致公司实际 控制人发生变更。公司股票自12月8日(星期一)开市起停牌，预计停牌时间不超过2个交易日。目前，各方主体正在就具体交易方案、协议等相关事项进行 论证和磋商。 2024年11月25日，已被执行逮捕的陈崇军收到年度内的第二次警示函。当日晚间，古鳌科技公告显示，公司于近日收到上海监管局下达的行政监管措施决 定书，对公司、陈崇军等采取出具警示函措施的决定，原因是公司连续两年信息披露违规。 截至2025年三季度末，公司控股股东、实际控制人陈崇军共计持有公司股份67,693,537股，占公司股本的19.91%；累计质押股份数量为56,312,923股，占 其所持有公司股份数量比例83.19%，占公司股本的16.56%；累计被司法冻结股份数量67,693,537股，占其所持有公司股份数量比例100%，占公司股本的 19.91%。 2023年以来，古鳌科技风波不断。公司实际控制人陈崇军所持股份多次被司法拍卖，原因是因其个人债务到期偿还，无法履行法律文书所规定的义务所 致。 此外，202 ...

Core Viewpoint - Vietnam's draft Artificial Intelligence Law aims to establish a balanced regulatory framework that emphasizes human-centric principles while managing risks and encouraging innovation. This will be Vietnam's first dedicated law for the AI sector, expected to take effect in March 2026 if approved [1][2]. Regulatory Framework - The draft law encompasses a broad regulatory scope, covering both domestic and foreign entities operating AI in Vietnam, as well as systems developed abroad that serve Vietnamese users, ensuring accountability for foreign tech suppliers [2]. - A four-tier risk classification system is proposed, categorizing AI systems into: - Prohibited: Systems that pose severe threats to national security, human dignity, and social order [2]. - High-risk: Systems in critical sectors like finance and healthcare, requiring government compliance assessment before market entry [2]. - Medium-risk: Systems that interact directly with users or generate content, necessitating clear AI attribute labeling [3]. - Low-risk: Systems with minimal socio-economic impact, subject to voluntary regulation and post-monitoring [4]. Incentive Policies - The draft law introduces several incentive measures to foster a healthy AI industry ecosystem: - Establishment of a national AI database for enterprise registration and monitoring, offering infrastructure support and tax incentives for participating companies [5]. - Encouragement of public-private partnerships in AI infrastructure, recognizing digital assets as legitimate contributions for financing [5]. - Planning for AI clusters in high-tech parks and universities, providing shared facilities and tax incentives [5]. - Introduction of a sandbox testing mechanism for SMEs and innovative startups to test new AI products in a controlled environment [5]. Market Opportunities for Chinese Companies - Chinese AI companies are encouraged to focus on three key areas in Vietnam: AI infrastructure, technology applications, and end products, while adhering to compliance requirements [6]. - In AI infrastructure, Vietnam is emerging as a hotspot for investments, with significant cost advantages compared to other ASEAN countries, making it attractive for data center development [7]. - In AI technology applications, there is a strong demand in sectors like smart cities and transportation, with several Chinese firms already establishing partnerships in Vietnam [8]. - In the end products sector, Chinese companies are deepening their presence, particularly in commercial smart devices and consumer electronics, with ongoing collaborations in Vietnam [9].

Core Points - Vietnam's National Assembly is discussing the draft of the "Artificial Intelligence Law," which aims to establish a human-centered approach to AI activities, balancing risk management and innovation incentives. If approved, the law is expected to take effect in March 2026 [1][2]. Regulatory Framework - The draft law includes a comprehensive regulatory scope covering both domestic and foreign entities engaged in AI activities in Vietnam, as well as systems developed abroad that serve Vietnamese users, ensuring that foreign technology providers cannot evade regulatory responsibilities [2]. - A four-tier risk classification system is proposed, categorizing AI systems into four risk levels: - Prohibited: Systems that pose severe threats to national security, human dignity, and social order [2]. - High Risk: Systems in critical sectors like finance, healthcare, and education that require government compliance assessment before market entry [3]. - Medium Risk: Systems that interact directly with users or generate content, which must clearly indicate their AI nature and ensure user awareness [4]. - Low Risk: Systems with minimal socio-economic impact, subject to voluntary regulation and post-monitoring [5]. Incentive Policies - The draft law introduces several incentive policies to foster a healthy AI industry ecosystem: - Establishment of a national AI database for enterprise registration and monitoring, with priority support for companies that participate in data sharing [6]. - Encouragement of public-private partnerships in AI infrastructure, recognizing digital assets as legitimate contributions for financing [6]. - Planning for AI clusters in high-tech parks and research institutions, providing shared facilities and tax incentives [6]. - Introduction of a sandbox testing mechanism for SMEs and innovative startups to test new AI products in a controlled environment [6]. Market Opportunities for Chinese Companies - Chinese AI companies looking to enter the Vietnamese market should focus on three key areas: AI infrastructure, technology applications, and end products, while adhering to compliance requirements [7]. - Vietnam is emerging as a hotspot for AI data center investments, with significant cost advantages compared to other ASEAN countries, making it an attractive market for infrastructure development [7]. - There is a strong demand for AI technology applications in smart cities, smart tourism, and smart transportation, with several Chinese companies already establishing partnerships in these areas [8]. Challenges and Considerations - Companies must be aware of the increased compliance thresholds and operational costs associated with the new law, particularly for high-risk AI systems that require prior assessments [9]. - The requirement for foreign suppliers to designate a legal representative in Vietnam adds complexity to operations and resource integration [9]. - Despite rapid market growth, challenges remain in talent availability, data flow standards, and industry ecosystem maturity, necessitating long-term investment and localization efforts [9].

Core Insights - The 2025 Sichuan Top 100 Enterprises list highlights significant trends and changes in the province's corporate landscape, with a focus on the emergence of new leaders and the performance of established companies [1][3]. Group 1: Top Enterprises - The number of billion-dollar enterprises in Sichuan has increased from 4 in 2021 to 8 in 2025, indicating robust growth among leading companies [1][3]. - The top five companies by revenue are: 1. Tongwei Group Co., Ltd. - 24,137,998 million CNY 2. Sichuan Yibin Wuliangye Group Co., Ltd. - 19,529,677 million CNY 3. Sichuan Changhong Electric Holding Group Co., Ltd. - 15,267,474 million CNY 4. Sichuan Energy Development Group Co., Ltd. - 11,745,767.72 million CNY 5. Qiya Group Co., Ltd. - 11,035,872.53 million CNY [4][5]. - Qiya Group made its debut in the top rankings, showcasing rapid growth and a diverse industrial portfolio [3][5]. Group 2: Industry Trends - In 2025, billion-dollar enterprises accounted for 32.63% of total revenue, serving as a stabilizing force in the complex economic environment [3]. - New entrants in the hundred-million revenue category reflect a shift towards emerging industries such as renewable energy, smart manufacturing, and finance [11][13]. - The list features over ten new hundred-million revenue companies, indicating a dynamic shift in industry focus and growth potential [11][13]. Group 3: Regional Distribution - Chengdu remains the dominant city, with 64 enterprises listed in 2025, although there is a notable increase in companies from Mianyang and Luzhou [22][26]. - The concentration of top enterprises in Chengdu highlights regional economic disparities, prompting calls for differentiated development strategies across cities [26][28]. Group 4: Ownership Structure - State-owned enterprises dominate the list, comprising over 70% of the top companies, while private enterprises, though fewer, show strong market vitality with revenues exceeding 10 billion CNY [28]. - The shift towards high-quality development in the private sector emphasizes the need for efficiency and innovation [28].

Core Insights - The UnionPay certification office has revoked or suspended the production qualifications of five terminal manufacturers due to violations of certification rules, affecting nearly 40 models of POS machines with an estimated market stock of over 1.2 million units [2] - This action marks the first instance of a concentrated "top-level" penalty since the launch of the "Clear Terminal" initiative in 2023, indicating a deeper regulatory crackdown in the payment industry [2] - The violations include security chip tampering, serious breaches of the "one machine, multiple codes" rule, and falsification of materials and unauthorized production [2] Group 1 - Five companies affected include Xiamen Dingbaiyi Technology Co., Ltd., Shanghai Jiayan Information Technology Co., Ltd., Shijiazhuang Chaolu Network Technology Co., Ltd., Shenzhen Jingshield Technology Industrial Co., Ltd., and Yunma Intelligent (Hainan) Technology Co., Ltd. [2] - The specific violations include: - Security chip tampering where Dingbaiyi and Jingshield were found to have terminals that could bypass UnionPay's security chip [2] - "One machine, multiple codes" violations where Chaolu and Yunma were confirmed to have backdoor technologies allowing service providers to exploit preferential merchant rates [2] - Falsification of materials and unauthorized production where Jiayan Information transferred orders to an unqualified factory without obtaining the new UnionPay terminal production license [2] Group 2 - UnionPay has mandated that acquiring institutions must complete risk assessments and replacement plans for existing terminals within 30 days and rectify issues by December 20, or face penalties such as limits on transaction volumes and suspension of new merchant additions [3]

Core Viewpoint - The article highlights the challenges faced by Lakala as it prepares for its Hong Kong listing, including declining performance, shareholder sell-offs, and high dividend payouts that raise concerns about financial sustainability [3][7][13]. Group 1: Company Overview - Lakala, founded in 2004, initially focused on offline payment solutions and has evolved into a digital payment and commercial service provider, achieving profitability in 2015 [6]. - The company became the "first third-party payment stock" in A-shares in 2019, shifting its strategy to a dual-driven model focusing on payment services and digital commercial solutions [6][9]. Group 2: Financial Performance - Lakala's revenue for 2022, 2023, and 2024 is projected to be 5.36 billion, 5.93 billion, and 5.75 billion RMB respectively, with over 85% of revenue coming from digital payment services [9][11]. - The company has seen a decline in net profit, with a projected drop of 23.19% in 2024 to approximately 351 million RMB, and a further decrease of 45.35% in the first half of 2025 [11][12]. Group 3: Shareholder Actions - Significant shareholder actions include the exit of co-founder Sun Haoran, who cashed out nearly 500 million RMB, and Lenovo Holdings reducing its stake from 31.38% to 23.54% [14][15]. - Lakala has maintained high dividend payouts, distributing approximately 720 million RMB in 2024 and 158 million RMB in the first half of 2025, raising concerns about capital management [15][16]. Group 4: Market Position and Competition - Lakala holds a 9.4% market share in the independent third-party payment sector, but faces intense competition from major players like Alipay and WeChat, which dominate over 90% of the overall payment market [9][17]. - The company aims to expand into cross-border payments and enterprise-level digital services, but these segments currently contribute less than 2% to total payment volume [9][11]. Group 5: Regulatory and Operational Challenges - Lakala has faced regulatory scrutiny, receiving multiple fines in 2024 for compliance issues, and has over 100,000 complaints on consumer platforms, impacting its brand reputation [19][20][23]. - The company is transitioning from a family-controlled governance structure to a more professional management approach, but concerns remain about the stability of its core team and long-term growth prospects [23][24].