Net sales were $31 million, with gross margin2 reaching 44.3% for a gross profit of $14 million for this quarterNet income of $0.1 million, adjusted EBITDA margin1 of 8.6% and adjusted EBITDA1 of $3 million for the quarterCash flows provided by operating activities of $1 million and adjusted free cash flow1 was $0.2 million for the quarter Cash balance and marketable securities at $17 million, with Bitcoin Exchange-Traded Fund (BTC) at $3.2 million at quarter-end on initial investment of $3.0 million Launch ...

HBM4竞争格局转变 - SK海力士作为NVIDIA HBM3E独家供应商的地位预计将结束，到2026年市场将更加竞争和多样化[1] - SK海力士于3月成为全球首家向NVIDIA交付12层HBM4样品的公司，但美光在三个月后也提供了性能相当的样品[1] - 三星电子预计本月晚些时候开始向NVIDIA和AMD提供12层HBM4样品，是唯一使用第六代10纳米级（1c）DRAM工艺开发HBM4的公司，良率达50%-70%[1] - 三星和SK海力士预计今年下半年开始全面量产HBM4，激烈竞争将于2026年开始[1] HBM价格趋势 - 随着更多供应商进入HBM市场，NVIDIA和AMD在HBM4定价方面获得更大影响力[2] - 高盛预测由于竞争加剧，明年HBM价格将下降10%[3] - TrendForce观察到当前HBM产能提升且良率稳步提高，成熟产品价格下调可能性不大，但HBM4仍在认证中，整体HBM平均价格仍呈上升趋势[3] 行业动态 - NVIDIA下一代"Rubin"GPU预计明年推出，AMD计划2025年发布MI400系列[2]

中国企业出海现状 - 2025上半年中国出口总值达13万亿元人民币创历史同期最高值同比增幅7.2% [2] - 2025第一季度中国全行业对外直接投资409亿美元同比增长6.2% [2] - 2024年A股公司海外业务营收突破10万亿元相比十年前增长2.8倍占总营收比例达14.28%创历史新高 [2] 出海战略转型 - 中国企业出海核心从"走出去"转向"留下来"与"融进去"驱动因素为技术、组织与市场战略的系统性演进 [3] - 从"货物出海"迈向"价值出海"借助产品创新、本地化重构与能力输出融入全球产业与消费体系 [3] - 显著趋势是从"制造"转向"智造"企业集中在智能制造、自动驾驶、AI等技术赛道从规模优势转向技术优势 [3] 全球化路径创新 - 部分技术类企业采用"原生全球化路径"直接在海外设立研发机构借助国际化团队快速验证模型能力 [4] - 本地化适配从市场层面延伸至组织层面超过三分之二企业在海外设立本地运营团队和决策前置中心 [4] - 消费领域企业围绕"品牌力+供应链+本地适配"组合拳打通从制造到消费的全链条 [4] 内容型企业布局 - 内容型企业摒弃"流量导出"模式构建长期可持续的本地内容生态设立"内容前哨站"参与文化叙事构建 [5] - 出海全球化进入"产品输出、投资输出、价值（技术+内容）输出"三重驱动阶段 [5] 领航人物特征 - 领航人物通过组织、治理、产品等结构性优化构建全球经营能力建立"多极市场+多元业态"业务组合 [7] - 代表企业已在各自赛道成为全球有力竞争者并在规则制定、产业链协作中掌握主动权 [7] 创新人物策略 - 创新人物聚焦全球市场未满足需求强调速度、产品力与跨语境迭代能力采用"原生全球化"模式 [28] - 产品面向全球用户设计组织结构扁平决策贴近市场一线成功验证后迅速横向拓展 [28] 创新企业分类 - 技术驱动型企业聚焦AI算法、智能硬件等关键技术模块在全球产业链担当"技术基石"角色 [57] - 消费类与柔性制造企业依托中国供应链优势构建"前端品牌+后端制造"闭环 [58] - 文化与内容产业企业以游戏、IP等形式深度参与本地叙事逻辑构建适应本地用户偏好 [58]

树图链(Conflux)技术升级 - 树图链是中国自主研发的高性能公链系统，在国际竞争中处于第一梯队 [3][4] - 树图公链3.0即将上线，交易处理能力将提升至15000TPS [3][4] - 新版本将原生支持AI智能体链上调用功能 [3][4] Web3.0硬件安全入口 - 东信和平是全球领先的BSIM卡技术供应商 [5] - 公司与树图链、中国电信联合研发区块链手机SIM卡 [5] - 通过物理级安全防护解决数字身份认证和用户私钥管理难题 [5] - BSIM卡基于新恒汇eSIM物理架构升级存储与加密模块 [7] 数字资产(NFT与RWA)应用 - 风语筑子公司星图比特联手树图链垄断文物NFT确权业务 [8] - "域外归珍"项目结合政策背书与稀缺IP资源 [8] - 公司成为上海元宇宙新赛道核心标的 [8] 金融科技应用 - 东方明珠通过跨境数科绑定树图链 [9] - 主导AXCNH离岸人民币稳定币发行 [9] - 正在申请香港牌照，具有上海国资背景和政策红利优势 [9] 基础设施 - 极客能Conflux是区块链底层技术提供商 [11][12]

The back-to-school savings event runs July 27-Aug. 2 in stores and on Target.comThe retailer will offer savings on hundreds of back-to-school items, plus deals of up to 30% off select backpacks, kids' clothing, school supplies and moreTarget is bringing back its popular personalization stations, doubling the number of participating stores to nearly 500MINNEAPOLIS, July 22, 2025 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced its "Back-to-School-idays" savings event July 27-Aug. 2, featuring d ...

Goldman Sachs' non-profitable tech basket has soared 66% from the April low. This is perhaps the most telling market-performance and risk-appetite chart to describe recent price action. Investors have clamored for high-beta and low-quality names that can pop the fastest as optimism aboutFreelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment fir ...

HONG KONG, July 22, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider, today announced that it has significantly increased its holdings of BNB to 120,000.00, representing a total value of approximately US$90 million. This move marks significant progress and a major milestone in the Company’s full-scale upgrade of its BNB strategic reserve plan. In recent days, Nano Labs has continued to expand its BNB hold ...

VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the appointment of four highly experienced mining professionals to its technical and project development team. These strategic additions reinforce Liberty Gold’s commitment to disciplined execution as the Company advances its flagship Black Pine Oxide Gold Project (“Black Pine”) in Idaho through feasibility-level engineering and permitting. New App ...

GANZHOU, China, July 22, 2025 (GLOBE NEWSWIRE) -- The 2025 Belt and Road Journalists Forum was held on July 19 in Ganzhou, Jiangxi Province. Nearly one hundred heads of journalist organizations and media representatives from more than 50 countries and regions gathered to exchange views under the theme "Promoting Civilizations Dialogue and Global Modernization with Power of Journalists." A Media Snippet accompanying this announcement is available by clicking on this link. Participants agreed that facing the ...

编译 | Tina 本周，AI 搜索公司 Perplexity 推出了一款名为 Comet 的网页浏览器。这款浏览器整合了 Perplexity 自家的 AI 搜索工具和智能助手，旨在为用户提供更智能的浏览体验。目前，Comet 仅面向每月支付 200 美元的 Perplexity Max 高级用户开放，后续将逐步通过邀请制向更多用户 推广。 在官方博客中，Perplexity 直言不讳地表示：Comet 的推出，就是要正面挑战市占率高达 66.6% 的 Google Chrome。而这次发布时间点也颇有意味——恰逢传言 OpenAI 即将发布自家 AI 浏览 器，Perplexity 抢先出招，火药味十足。 但 Perplexity 的野心显然不止于此。他们不只是要与 Google 抢用户，更是要复制甚至超越 Google 的模式。 今年 3 月，美国司法部再次向 Google 施压，重申其在 2023 年 11 月提出的要求：强制 Google 出售 Chrome 浏览器，并终止默认搜索引擎绑定协议。Perplexity 随即公开表示，如果法院真的 要求 Google 剥离 Chrome，他们愿意收购该浏 ...