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Story FM ❜ Episode 847 In the dead of night, do you ever think of the secrets buried deep in your heart? Maybe it's an irreparable regret from your youth, maybe it's a truth that overturned your understanding at some point, or maybe it's just a simple but heavy "I'm sorry" that was never spoken... Story FM often receives submissions from listeners. I've found that many people submit to Story FM because they want to tell a secret of their own, a hidden experience. These contributors don't want the people around them to know, but they hope someone can hear it. Because the longer a secret is buried in the heart, the heavier it becomes, until it's too heavy for one person to bear. Only at the moment it's spoken can the burden be lifted and a sigh of relief be taken. Today, three contributors have decided to push open that door in their hearts and tell you the secrets they've been holding back for years. If you listen to their stories and you also have a secret you'd like to share on the show, you're welcome to find the submission link in the menu of the WeChat official account Story FM and submit it to us. Secret 1: My dad beat my mom to death. Secret 2: I only have one testicle. Secret 3: I had two extramarital affairs that lasted for more than ten years. /Staff/ Narrators | Miya Xiaoli Ben Host | @StoryFM Aizhe Interview | @StoryFM Aizhe Production | Yu Keyi Sound Design | Wang Lue Operation | Mingming Use your voice to tell your story. Story FM is a sound program of personal accounts. Business cooperation: [email protected] WeChat Official Account: Story FM (ID: story_fm) Sina Weibo: @StoryFM_StoryFM Personal WeChat Account: gushi_fm02

- Introduction - On June 9, 2025, Frederick Forsyth, the original author of the classic spy novel "The Day of the Jackal," passed away in London at the age of 86. His life was as legendary as his novels: at 19, he was a fighter pilot in the Royal Air Force, and after retiring, he became a war correspondent for Reuters, delving into the front lines of war. In his later years, he revealed in his autobiography that he had secretly served British MI6 in a dual capacity for 20 years. However, why did Forsyth, who hated the British government, choose to serve MI6? What amazing and interesting intelligence stories did Forsyth experience in East Germany? Compared with other spy novelists such as le Carré, what unique values ​​does Forsyth's work reveal? Listen to the wonderful sharing from this issue's guests Zheng Shiliang and Sha Qingqing! - Topic Members - Cheng Yanliang (Weibo @GrenadierGuard2) Zheng Shiliang, Executive Editor of "Shanghai Book Review" (Weibo @PomBom, Douban ID: PomBom) Sha Qingqing (WeChat Official Account: No. 13 Landfill) - Timeline - 07:31 "Using Yourself as a Method": A Novelist's Career as a Journalist and Spy 09:50 "Would Tom Clancy Exist Without Forsyth?" 14:09 The Imprint Left by the Father's Era and Early Experiences 22:06 Observation and Detachment: Forsyth's Writing Cultivation as a Detail Control 25:45 The Nigerian Civil War Changed Forsyth's Creative Career 27:21 Dissatisfied with the BBC's Avoidance of the Truth, Choosing to Serve MI6 33:34 Writing a Spy Career into a Novel: Forsyth's Work "Returns" 38:58 Details in the Biography Vividly Restore East Germany Under Stasi Rule 44:17 A Romance with a Czech Communist Secret Police Officer 54:03 Claiming to Have Had an Affair with the Mistress of the East German Minister of Defense, Finally Escaping East Germany 55:50 To Write "A Guide to Coups in Small African Countries," Impersonating a Coup Planner and Arms Dealer 01:04:33 Tit for Tat: Looking at Forsyth's Values ​​of Good and Evil from "The Veteran" 01:08:25 Compared to le Carré's Nihilism, Forsyth's Commitment to Justice is Always Firm 01:11:10 Nostalgia for the Old Era, Yet Hopeful: The Unique Charm of the Protagonist in "Avenger" - Production Team - Sound Design hotair Program Coordinator He Fang Program Operation Xiaomili Program Production hualun Sizhao Yo Logo Design Yang Wenji - Music - Danse Macabre - Busy Strings - Kevin MacLeod - This program is produced by JustPod © 2025 Shanghai Huli Network Technology Co., Ltd. - - Interaction - Business Cooperation: [email protected] Weibo: @忽左忽右leftright @播客一下 @JustPod WeChat Official Account: 忽左忽右Leftright / JustPod / 播客一下 Xiaohongshu: JustPod气氛组 / 忽左忽右 Bilibili: 忽左忽右leftright Douyin: 忽左忽右

-The person chatting- Phil Chang (ID: @Phil Chang) -Timeline- 01:35 What spy cases did Yoon Seok-yeol talk about? 05:29 Democratic Labor Confederation spy case 09:50 Jeju spy ring, Changwon spy ring, Cheongju spy ring 18:20 Moon Jae-in suppressed spy case investigations 21:16 Hacker group Lazarus hacks into the South Korean court system 23:40 Hacker group Kimsuky disguises phishing 28:15 Unification Progressive Party dissolution incident 40:00 Sunshine Policy: Fable of the North Wind and the Sun 44:00 Kim Dae-jung era: 300 million bought a ticket 47:00 Roh Moo-hyun era: The whereabouts of supplies are a mystery 50:20 Lee Myung-bak - Park Geun-hye: Geumgangsan Tourist Resort - Kaesong Industrial Park revamped 54:05 Moon Jae-in era: Final nuclear armament 1:00:20 Dilemma of the Sunshine Policy 1: Betrayal of passers-by 1:03:16 Dilemma of the Sunshine Policy 2: Oversimplification of reality 1:04:48 Dilemma of the Sunshine Policy 3: Security issues can only be guaranteed by oneself 1:08:48 Dilemma of the Sunshine Policy 4: South Korea's democratic system leads to a lack of consistent North Korea policy 1:17:11 What is the difference between Lee Jae-myung's "pragmatic diplomacy" and Yoon Seok-yeol's "value diplomacy"? 1:25:19 Lee Jae-myung and Ssangbangwool Group's remittance incident to North Korea 1:29:50 Three major aides to North Korea policy 1: National Security Office Director Wei Shenglu, 1:33:30 Three major aides to North Korea policy 2: Director of the National Intelligence Service Lee Jong-seok 1:34:34 Three major aides to North Korea policy 3: Minister of Unification Jeong Dong-young -Some information- June 15, 2000, Kim Dae-jung and the second-generation leader of North Korea issued the "615 Joint Declaration" in Pyongyang after the summit (Image source: Yonhap News Agency) October 4, 2007, Roh Moo-hyun and the second-generation leader of North Korea issued the "Declaration on the Development of Inter-Korean Relations and Peace and Prosperity" in Pyongyang after the summit (Image source: Roh Moo-hyun Foundation) June 15, 2005, Jeong Dong-young visited Pyongyang as President Roh Moo-hyun's special envoy to hold talks with the second-generation leader of North Korea (Image source: 통일뉴스) June 2005, Lee Jae-myung, who held no official position, followed his elder brother Jeong Dong-young to Pyongyang as a civilian (Image source: Lee Jae-myung's blog) June 16, 2020, the Inter-Korean Liaison Office located in Kaesong, North Korea was blown up (Image source: KCNA/Yonhap News Agency) -Editing- Phil Chang -Production·Production- Phil Chang -Listeners group- If the QR code expires, please check whether the QR code at the bottom of the latest issue of the main text is the latest, or send a private message to Phil Chang's Xiaohongshu or Douyin (ID: Phil Chang) to add a listeners group *This program welcomes more interesting and high-quality content. Friends with relevant experience and interest can join the listeners group and contact Phil Chang. "Zhengwen Santai" looks forward to your sharing!

今天继续《商业访谈录》的机器人专场，嘉宾是北京大学助理教授、银河通用创始人兼CTO王鹤。 王鹤毕业于清华和斯坦福大学。**他给我们从“具身智能”的学术缘起开始聊起，这是一个学术流派从一个学科中萌芽到边缘再到主流渗透的全过程。** 而随着ChatGPT诞生，“具身智能”这个小众概念，在过去2年成了新的资本宠儿——**但一时间，也带来了新的乱象。** 我们探讨了一些具身智能产业界关键问题： 1/具身智能起源于计算机视觉的学术流派，视觉、语言、智能的关系是什么？为什么VLM（视觉语言模型）的表现显著弱于LLM（大语言模型）？ 2/具身智能的最大困境之一是数据采集，合成数据是正解吗？具体应该怎么做？ 3/如果大模型提倡的是“智能即产品”，那么具身智能呢？王鹤的回答是“生产力即产品”。 去年底，英伟达创始人黄仁勋来华访问。答谢宴上，王鹤不仅和黄仁勋同桌，而且就在做黄仁勋旁边（挨着坐）。在节目最后，我们也聊了聊这个有趣的插曲——他提到，**那晚黄仁勋吃了不少水煮肉片。** 2025，我们和AI共同进步！ 我们的播客节目在腾讯新闻首发，大家可以前往关注哦，这样可以第一时间获取节目信息和更多新闻资讯：） 03:00 开始的自问自答 **05:58 语言不是智能的本质，而是“一次跃变”** “具身智能”和“机器人”是不同学术流派 **“具身智能”起源于“计算机视觉”的研究流派** 视觉有智能吗？纯视觉智能的可解释性差，是端到端的 语言不是智能的本质，不能说没有语言就没有智能 **智能的本质是什么？“一种视情况对环境做出反应的能力”** 语言是人类能产生这么高智能的“一次跃变” 视觉的本质是一种非常强的sensor（传感器） **25:08 具身智能的学术边缘史** 具身智能最早兴起的task（任务）是，导航 **加入视觉模态，强调Perception–Action Loop（感知-动作循环），成为具身智能研究流派能立起来的核心叙事** 标志性事件：“具身智能是计算机视觉未来的三颗北极星之一”（李飞飞） 我和Skild创始人Deepak Pathak在Facebook人工智能实验室FAIR打过交道 **41:15 我的学术之路** 2016年，博士第一个项目：从人类视频里学多步的人与物体交互过程的生成（动画领域） 在Stanford博士第一年，在不喜欢的方向非常挣扎，后来换组、换方向 **Stanford是高度自由的市场：你可以随时踢你老板，你老板可以随时踢你** 第一篇论文憋了很久，很绝望 完全从视频中学习，学习世界模型，还没成为当下能推进具身智能的技术 我的第二个项目：位姿估计和合成数据相关 2020年李开复曾在湾区丽思卡尔顿组织brunch，观点分歧 回国坚定以家庭机器人为目标推进research，根本没有allies（盟军） **01:25:08 具身智能的软件和硬件是螺旋上升的问题** ChatGPT火了以后，很多人开始找我创业，我说创不了 所有工业机械臂在去年的全球总产值才1000亿RMB，和理想一家车企产值相当 如果采取不成熟的激进的硬件方案，对智能会是一种拖累 在这个硬件基础上，我们的方案是，做相对专用的智能和越来越通用的智能 **VLM为什么显著弱于LLM？**互联网视觉数据/所有人眼观测的覆盖〈〈〈互联网文字数据/人类所有说的话的覆盖（VLM数据不够，VLA的Action数据是最近两年才开始收集的） **01:44:34 我们要避免陷入以下泥潭** 这一代具身智能公司相比此前机器人公司，差异在哪？ 在我看来，具身智能公司如果陷入以下两个泥潭，天花板会很有限： 1、“长期漂浮”的公司；2、“算不过来账”的公司，边际成本不降 我们要做一个应用场景内的泛化（现在选择的是货架场景） 在我看来，机器人领域的头部效应很重 **01:55:17 具身智能是，“生产力即产品”** 雇人摇操采真实数据的成本到底有多高？一笔经济账 真实数据在我们训练数据的比重是1%，合成数据管线挑起大梁 行业内的tricky现象：把没有功能的机器人卖给别人（这是一种商业模式） 关于合成数据和Sim-to-Real（仿真到现实迁移）的常见误区 有出货量后的数据回流和数据飞轮 **如果大模型是“智能即产品”，那么具身智能就是“生产力即产品”** **02:13:51 资本轰炸后的人为乱象** 谁在创造生产力，谁在讲故事，这是最乱的——这个源自美国 对Figure的估值400亿美元的两种逻辑 有的人胆子很大，不告诉别人我是摇操，但实际摇操 **呼吁：真实展示！不要摇操！** 5年内我们一定要有万台以上的应用，如果做不到这个，我们这个领域就被证伪了！ 不要去搞一些砸我们行业招牌的事情！这些模式是很可怕的，是在砸这个行业的饭碗 通用机器人的到来不要想得那么快 **02:25:25 一个插曲** **去年黄仁勋访华为什么和黄仁勋同桌且在旁边？聊了什么？** 黄仁勋能吃辣，吃了很多水煮肉片 02:28:26 最后的快问快答 【机器人专场】 逐篇讲解机器人基座模型和VLA经典论文——“人就是最智能的VLA” 【更多信息】 联络我们：微博@张小珺-Benita 更多信息欢迎关注公众号：张小珺

We recently solicited stories from listeners about "feeling anxious about class solidification" and received many letters. This episode is the first, with guests Mr. Zhao, 38, and Mr. Liu, who is almost 50. They, who did not attend university, experienced a little of the economic boom at different stages when they were young. However, after the epidemic, the overall social economy has been in a slump, the real estate industry has been in turmoil, the labor market has been sluggish, and especially the jobs for older workers have decreased, and they have all begun to feel a sense of stagnation or even regression. Mr. Zhao is from a rural area in Shanxi. He used to be an underground miner. Later, he drifted north and worked as an extra, real estate agent, and loan business in Beijing. He used to have a considerable monthly income, but in the past two years, his income has been almost zero due to the decline of the industry. Mr. Liu used to work in engineering construction in a large state-owned enterprise in Northeast China. He personally experienced the wave of layoffs in the 1990s, and later worked all over the country. At nearly 50 years old, he faces a life of being owed wages, difficulty finding work, and no place to retire. In this episode, we will hear the stories of ordinary workers and their different feelings about "social mobility" and "class solidification." Text version: https://bit.ly/bmb-156-text Timeline: 01:34 Mr. Zhao is from a rural area in Shanxi, and his father is a coal miner in a black coal mine. 02:32 The first job at the age of 18, a gas worker in a coal mine, with a harsh underground environment 06:24 Resigned and drifted north, going to Beijing with a performance dream 07:21 Studied acting at the Central Academy of Drama and worked as an extra 09:08 Switched to being a real estate agent, "feeling very decent to make money" 11:18 Switched to being a loan agent, earning 100,000 yuan a month at its peak 12:28 After 2024, business decreased and income plummeted 14:19 Considered delivering food and returning to work in coal mines 15:41 "Unable to rise, and difficult to sink" 18:35 If there are children, I hope they have a good environment and a good personality. 21:10 Thinking about whether to leave Beijing 22:24 Mr. Liu: Writing from a hot rental house 23:32 When he was young, he was an employee of a state-owned enterprise. He originally hoped to live a stable life in the state-owned enterprise until retirement. 24:42 Laid off from state-owned enterprises, went out to work 26:17 During the epidemic, the project was suspended and he lay flat at home for a year. 28:03 Comparing the "layoff wave" with the present: I was confident in finding a job back then, but now I am more pessimistic. 29:27 Employment deteriorated after the epidemic, "feeling of powerlessness" 31:32 Expectations for children: "In short, if you want to be a beast of burden, it is better to be a beast of burden abroad." 39:21 Owed five months of wages, no savings, and no place to retire Related links: EP-115 How is China's college employment data falsified? Hosted on Acast. See acast.com/privacy for more information.

-导语- 南亚战火重燃，印控克什米尔恐袭事件引发了印巴两国间一系列军事冲突，空战以外，国际舆论成为博弈新战场。在莫迪塑造的新闻生态下，假消息何以在“家族群”泛滥？不只民众，印度精英的复古思想在近年产生了什么转向？回溯历史，印巴两国军队如何继承并分化了英印军队的“战斗民族”遗产？印巴分治的政治余波何以在今天的南亚继续发挥地缘作用？请听本期嘉宾qiran带来的精彩分享！ 本期节目为付费节目，您可以在小宇宙app、喜马拉雅fm、网易云音乐和「忽左忽右Leftright」公众号付费收听。 -本期话题成员- 程衍樑（微博@GrenadierGuard2） qiran，国际新闻记者，自由撰稿人 -时间轴- 05:37 印度空战吃瘪，导弹与无人机仍给巴方一定压力 16:19 克什米尔「正常化」背后的假象 24:26 不止印度，巴基斯坦也派出了海外「宣讲团」 27:53 从大媒体到WhatsApp家族群：印度假新闻生态 32:53 「为了向印度卖飞机，中美共编假新闻」 32:35 德里书店见闻：愈演愈烈的婆罗多宗教思潮 39:42 阵风战机采购弊案掀出印法高层利益输送丑闻 50:58 印度文官系统的低效率腐败 55:00 英印军队内部的「战斗民族传统」在印巴走向不同道路 01:05:42 巴基斯坦：建立在旧英印军队上的国家？ 01:10:13 巴基斯坦困局：继承1/3的力量以应付英印帝国全部西北防线 01:14:26 真纳的「两个民族」设想与仓促的「印巴分治」 01:26:04 孟巴分裂：「成也孟加拉，败也孟加拉」 01:36:12 「阿富汗危机」是「印巴分治」的溢出效应 01:38:55 代理人不能完全解释印巴间的恐袭问题 01:45:44 强硬派莫迪上台，反而为巴基斯坦「两国论」提供合法性 01:51:27 不同于冷战，印巴间核平衡更依赖战术与第三方协调 01:59:36 「可以接受局部核战，但最好不要总体战」：战争受害者对战争的新看法 -制作团队- 声音设计 hotair 节目统筹 禾放 节目运营 小米粒 节目制作 hualun 思钊 Yo logo设计 杨文骥 -音乐- Danse Macabre - Busy Strings - Kevin MacLeod -本节目由JustPod出品 © 2025 上海斛律网络科技有限公司- -互动方式- 商务合作：[email protected] 微博：@忽左忽右leftright @播客一下 @JustPod 微信公众号：忽左忽右Leftright / JustPod / 播客一下 小红书：JustPod气氛组 / 忽左忽右 B站：忽左忽右leftright 抖音：忽左忽右

《商业访谈录》 has interviewed many CEOs and senior executives of Chinese new energy vehicle companies. Today's guest is Wang Xin, head of autonomous driving and connected car R&D at Mercedes-Benz China, a century-old German car company. We talked about the 20-year transformation of China's auto industry, and the transformation and secret stories of a German car company. Our podcast is first released on Tencent News, so you can follow it to get the latest program information and more news :) **Major Industrial Transformation** 01:25 20 years ago, even Bird mobile phones made cars 07:54 I used to work at automotive Tier 1 Delphi for 18 years, and joined Mercedes-Benz 3 years ago, which is behind a major industrial transformation 09:30 Several technology cycles in the global auto industry in the past 20 years (before 2004, 2004-2014, 2014-2020, 2020-present) 11:31 Now it has transformed into a data-driven era, and the era of Tier 1 black box delivery is over **Right to Speak** 27:40 Is the right to speak of the Chinese team and the German headquarters fought for? 28:27 Mercedes-Benz China R&D team organizational structure, communication mechanism and battle 34:08 The battle culture of German companies is different from that of American companies 41:23 What processes are required when features designed and produced for China are exported globally? **New Technology** 43:21 Intelligentization is an irreversible trend, but it should not be radical 46:50 Vehicle-to-vehicle communication needs to be redefined after L3 is achieved 51:54 The relationship between technology and luxury: if intelligence is equalized, has the standard of luxury changed? 01:01:49 The process of switching from rule-based algorithms to end-to-end last year was quite painful 01:04:40 LiDAR is a good redundancy 01:05:35 CLA and Baobao cooperate with large language models **139-year-old Car Company** 01:09:36 People-oriented 01:11:08 Safety steps 01:13:08 The world's first car driver was the wife of the founder of Mercedes-Benz 01:15:00 What is it like to work in a century-old company - what is glory? What is the burden? 01:17:48 Once-in-a-century transformation and major changes 01:33:22 Does Mercedes-Benz CEO Ola Källenius get angry? Related episodes: Dialogue with Mercedes-Benz Global CEO Ola Källenius: CEO in Transition and 139-year-old Mercedes-Benz in Transition 【More Information】 Contact us: Weibo @张小珺-Benita For more information, please follow the official account: 张小珺

故事FM ❜ 第 846 期 上个星期二，高考结束的第二天，毛毛坐高铁来到了我们位于北京的办公室。 前一天晚上，为了庆祝高考结束，他又出去喝酒了，还给我拍了一张酒吧里一桌子酒瓶的照片。我跟他说别喝多了，明天还要接受我采访呢。没想到，他喝了一宿，早上回家洗把脸就坐上高铁来见我了。 所以见面的时候，我还能闻到他身上的酒味。 ** /Staff/** **讲述者 | **毛毛 **主播 | **@故事FM 爱哲 **采访 | **@故事FM 爱哲 **制作人 | **陈思宇 **声音设计 | **陈思宇 **运营 |** 鸣鸣 用你的声音，讲述你的故事。故事FM 是一档亲历者自述的声音节目。在以下渠道均可收听我们的节目： 苹果播客 | 网易云音乐 | 喜马拉雅 蜻蜓FM | 荔枝FM | 懒人听书 小宇宙 | QQ音乐 | 酷狗音乐 | 酷我音乐 Spotify | YouTube Music 商务合作：[email protected] 微信公众号：故事FM (ID: story_fm) 新浪微博：@故事FM_StoryFM 个人微信号：gushi_fm02

-Intro- Science writer Hua Shi has traveled to zoos in key provinces and cities across China, allowing millions of readers to gain a deeper understanding of zoos. However, his exploration has never stopped. From the Altun Mountains in Xinjiang to Motuo in Tibet, Hua Shi has turned his attention to the broader natural world, deeply observing the complex relationship between animals, nature, and humans. Starting with news such as wild boars entering cities and nightjars disturbing residents, what are the reasons for the gradual increase in the number of animals in cities? In recent years, urban zoos have been relocating to the suburbs. What are the reasons behind this? Compared to Africa, where are the best places in China to observe wildlife? Listen to the wonderful sharing brought by this episode's guest, Hua Shi! -This Episode's Participants- Cheng Yanliang (Weibo @GrenadierGuard2) Hua Shi, science writer, author of "Going to the Zoo is a Serious Matter" and "I Cannot Just Be Sad Beside the Birds and Beasts" -Timeline- 01:31 White-headed bulbuls in Wuhan and Guangdong have different "dialects" 06:32 Animals in the city: nightjars, raccoon dogs, and wild boars 14:08 The modernization transformation of Chinese zoos over the past decade 21:50 Does China really need so many zoos? 25:52 Looking at the operating difficulties of zoos from the plight of the lions in Qianling Mountain 29:49 Why is it difficult for China to have Kenyan-style animal observation sites? 36:46 Controversies over meat products and rhino horn trade in South African private reserves 39:21 Rhinoceros Hornbill Valley: an example of a birdwatching industry promoting ecological symbiosis 43:05 Close contact with Tibetan brown bears in the no-man's land of the Altun Mountains 48:05 The settlement of herders increases the probability of encounters between humans and bears 01:00:45 "Humans should also be regarded as part of the ecological environment" 01:05:35 The ecological problems of the Yangtze River mainly come from dam construction 01:09:25 Why has birdwatching risen in Chinese cities? 01:15:19 The story of long-term tracking of the snow leopard Bingbing in Xinjiang -Supporting our sponsors is the best support for us- Ele.me brings opening benefits to listeners of this station. Search for "Hu Zuo Hu You" in Taobao Flash Sale & Ele.me to receive them. They can be stacked with any Ele.me red envelope or Ele.me member red envelope, and you can receive them three times a day. -Production Team- Sound Design hotair Program Coordinator He Fang Program Operation Xiao Mili Program Production hualun Si Zhao Yo Logo Design Yang Wenji -Music- Danse Macabre - Busy Strings - Kevin MacLeod -This program is produced by JustPod © 2025 Shanghai Hulu Network Technology Co., Ltd.- -Interaction Method- Business cooperation: [email protected] Weibo: @忽左忽右leftright @播客一下 @JustPod WeChat Official Account: 忽左忽右Leftright / JustPod / 播客一下 Xiaohongshu: JustPod气氛组 / 忽左忽右 Bilibili: 忽左忽右leftright Douyin: 忽左忽右

As AI's software capabilities spill over into hardware, in addition to embodied intelligence, smart glasses may be another industry that will benefit. Today's guest is Misa Zhu, the founder of smart glasses company Rokid. In the first half of 2025, Misa appeared in a speech wearing smart glasses developed by his company, which once attracted attention. **This year also marks his 11th year of entrepreneurship in the hardware dark forest.** We started by talking about the acquisition of his first company by Alibaba for 10 million US dollars—we talked about **Jack Ma and Wu Ma**, and also about his second venture, **the China-US comparison, stages, and trends of the smart glasses market.** Our podcast program premiered on Tencent News. You can go and follow it to get program information and more news as soon as possible :) 02:00 Quick Q&A starts 02:36 Alibaba acquired my first startup for 10 million US dollars, all converted into stocks 05:14 In the worst times, Jack Ma talked to me and introduced Joe Cai (Joseph Tsai), and also introduced Dr. Wang Jian 08:05 I have two weeks to pay salaries, and there are only 4,000 yuan in the account 15:55 When I was a senior executive at Alibaba, Wu Ma (Wu Yongming) proposed to do AI and established M lab 22:43 Rokid's financing, Jack Ma's advice 27:40 Wu Ma was my direct boss back then, comments on Wu Ma 31:41 Important decision in 2019: switch from AI to AR track within a week 48:00 Will organ-like hardware switch from mobile phones to smart glasses? 59:17 After the important decision, half of the employees were laid off and a building was emptied 01:05:45 First PMF after the transformation 01:09:55 The current smart glasses are in the intermediate stage from BlackBerry to iPhone 1 01:11:52 AI's expansion on hardware: embodied intelligence, wearable intelligence 01:13:05 In smart glasses, the first half of next year will be the time to compete with giants 01:19:29 Jack Ma summarized 4 opportunities for startups to compete with giants: 4 "no's" 01:23:38 Different definitions of smart glasses products in China and the United States 01:41:35 The first company value is playfulness, and the boss is always the trouble maker 01:48:32 Talking about entrepreneurs in Hangzhou 01:59:05 The dark forest of hardware entrepreneurship 02:27:00 Final quick Q&A 【More Information】 Contact us: Weibo @张小珺-Benita For more information, please follow the official account: 张小珺

中国官方一直在塑造这样一种希望：中国制造的“新三样”——电动汽车、锂电池和太阳能电池，正在成为拉动中国经济的新引擎。今年，国产大语言模型 DeepSeek 横空出世，让很多人重新找回了一种民族科技和文化的信心。 另一个中国里，却是截然不同的景象：欠薪事件频发，失业问题严重，消费疲软，社会保障不足，地方债务危机加重，年轻人因失去希望而不愿结婚生子…… 为什么“两个中国”同时存在？技术突破和产业升级，为什么没有变成普通人的“好日子”？本期节目，袁莉和李厚辰一起谈论，为什么“新三样”和AI救不了中国经济？ 李厚辰是「翻转电台」和 YouTube频道「世界苦茶」的主持人，也是一位时事和经济分析专栏作家，他带来了他对中国经济现象的分析和观察，例如科创表面蓬勃，背后却是风投和民间投资的逐年萎靡；华为等大公司总是为了“国家安全”在重复发明；被誉为希望的电动汽车产业实际上饱受价格战和产能过剩之累……袁莉则带来她常年对科技和商业领域的采访观察。欢迎收听本期节目。 **文字版：**https://bit.ly/bmb-155-text **时间轴：** 01:57 “中国的经济就像吃了兴奋剂的人”，局部繁荣难以掩盖系统性萧条 06:56 中国经济中的资源如何错配？ 08:29 合肥模式与产业投资泡沫 11:38 风投行业这么萎靡，这么多初创企业从哪儿来的？ 14:48 大公司科创困境：为了国家安全重复发明“轮子” 20:46 中国企业“战术上勤奋，战略上懒惰”？ 22:35 价格战 、产能过剩、毛利降低：电动车行业即将暴雷？ 28:31 新三样在国际贸易中真的那么如鱼得水吗？ 33:52 为什么新质生产力无法拯救经济疲软？ 35:31 出口补贴越高，财政税收拖累越严重 38:30 “比亚迪过去五年净利润940亿，从政府拿了860亿现金补贴” 41:32 新质生产力靠国家巨额补贴推动，并非市场行为 42:49 AI提升生产力的同时也制造更多失业 48:46 为什么中国政府如此痴迷新质生产力？ 57:23 嘉宾推荐 嘉宾推荐： 黄道炫《铁水流：战时中共革命系统的运作（1937-1945）》 《台灣地方政治讀本: 來自青年世代的提問、實踐與反思》 Harukata Takenaka《Failed Democratization in Prewar Japan》 相关链接： EP-132 李厚辰：2015、2016——改变中国的两年 YouTube频道：FearNation世界苦茶

-Introduction- On the 25th anniversary of the Gates Foundation, Bill Gates announced that he would donate 99% of his personal wealth through the foundation over 20 years and plans to permanently close the Gates Foundation in 2045. From Gates' perspective, what are the considerations behind his decision? What issues will the Gates Foundation focus on solving in the next 20 years? Among the existing deadly infectious diseases, which infectious disease is most likely to be eliminated first? Focusing on tuberculosis, an ancient disease, what are the reasons why it is difficult to eliminate? What are the development stages of tuberculosis prevention and treatment in China? What new tools can be used to prevent and control tuberculosis? Please listen to the wonderful sharing from our guests Tu Motuo and Teacher Huan Shitong! -This Issue's Panelists- Cheng Yanliang (Weibo @GrenadierGuard2) Yuan Yue (Tu Motuo) Column Reporter, Sanlian Life Weekly Huan Shitong, Senior Program Officer of Health Innovation and Cooperation, Gates Foundation -Timeline- 01:39 Why did Gates decide to donate 99% of his wealth and end the foundation in 20 years? 12:58 "Spending your own money to do things for others": Private foundations can take more risks in solving social problems 16:02 What is the reason why the government exempts charitable organizations from taxes? 21:06 Mosquito eradication, vaccines, and sewers: Using technology to achieve the simplest solutions 28:20 For most diseases, what can be achieved is "elimination" rather than "eradication" 34:38 Five major conditions required to eliminate an infectious disease 38:59 Polio, malaria, and measles are the most promising infectious diseases to eliminate 42:53 The closer an infectious disease is to elimination, the more resources and energy will be required 44:19 Why is tuberculosis difficult to treat: low vaccine protection rate, difficult diagnosis, and resource mismatch 01:05:00 China's history of fighting tuberculosis: from epidemic prevention stations to "DOTS strategy" and collaborative system 01:06:35 How to eliminate tuberculosis: using new diagnostic tools and breakthroughs in vaccine research 01:08:26 In addition to the foundation, Gates has also invested in clean energy and Alzheimer's disease 01:14:15 Setting a 20-year deadline stems from Gates' sufficient confidence in the future of mankind -Terminology- Global Fund, full name "Global Fund to Fight AIDS, Tuberculosis and Malaria" Gavi, Global Alliance for Vaccines and Immunization DALY, Disability Adjusted Life Year. This term is a widely used indicator when measuring the burden of disease and social health problems. TB Alliance, Global Alliance for TB Drug Development BPaL, a treatment regimen for patients with extensively drug-resistant tuberculosis or multidrug-resistant tuberculosis, consisting of bedaquiline, pretomanid, and linezolid. CEPI, Coalition for Epidemic Preparedness Innovations DOTS, full name "Directly Observed Treatment, Short-Course", proposed by the World Health Organization in 1995, aims to improve the cure rate of tuberculosis and block transmission through standardized treatment. near POCT, near Point-of-Care Testing (POCT) -Production Team- Sound Design hotair Program Coordination He Fang Program Operation Xiao Mili Logo Design Yang Wenji -Music- Danse Macabre - Busy Strings - Kevin MacLeod -This program is produced by JustPod © 2025 Shanghai Hülü Network Technology Co., Ltd.- -Interaction Methods- Business Cooperation: [email protected] Weibo: @忽左忽右leftright @播客一下 @JustPod WeChat Official Account: 忽左忽右Leftright / JustPod / 播客一下 Xiaohongshu: JustPod气氛组 / 忽左忽右 Bilibili: 忽左忽右leftright Douyin: 忽左忽右

故事FM ❜ 第 845 期前阵子，我把微信里的视频号入口给关掉了。因为，有一段时间我发现，我经常刷着刷着短视频，一抬头，一个小时过去了。我要么耽误了一个小时的工作，要么就少了一个小时的睡眠。我发现，要一个人从 ta 固定的生活节奏里面跳出来，是特别难的事情。除非你有非常非常清醒的一瞬间，特别清楚地告诉自己：我要改变了。遗憾的是，这样的瞬间，往往需要外力的推动，使你不得不改变。比如，患上癌症。今天这个故事的讲述者深蓝，就是一位癌症患者。作为一个年轻的程序员，深蓝也曾经过着每天 996，打怪升级，升职加薪的生活。直到突如其来的癌症，打乱了这一切。/Staff/讲述者 | 深蓝主播 | @故事FM 爱哲制作人 | 晓橙声音设计 | 晓橙运营 | 鸣鸣用你的声音，讲述你的故事。故事FM 是一档亲历者自述的声音节目。在以下渠道均可收听我们的节目：苹果播客 | 网易云音乐 | 喜马拉雅蜻蜓FM | 荔枝FM | 懒人听书小宇宙 | QQ音乐 | 酷狗音乐 | 酷我音乐Spotify | YouTube Music商务合作：[email protected]微信公众号：故事FM (ID: story_fm)新浪微博：@故事FM_StoryFM个人微信号：gushi_fm02

-Intro- Writing and travel are full of chance and luck. After spending a year in Tibet rebuilding his life, travel writer Liu Zichao set off for Western Europe, originally planning to write about the old battlefields of Europe. However, he ultimately decided to focus on the Balkans: what have wars and conflicts left in Southeast Europe? In Kosovo, how does racial segregation affect the discourse of elementary school students? Revisiting Central Asia, what new insights do Turkmenistan and Uzbekistan bring? Listen to the wonderful sharing from this episode's guest, Liu Zichao! -Guests- Cheng Yanliang (Weibo @GrenadierGuard2) Liu Zichao, travel writer, author of "A Land of Blood and Honey" -Timeline- 03:10 Accidentally passing a WWI soldier's cemetery in Belgium 05:26 The Srebrenica massacre, leaving behind a city without bars 09:18 The cruelty and performance in the Siege of Sarajevo 15:16 Encountering Kosovar elementary school students: "Who is stronger, us or Serbia?" 16:56 Controversy over North Macedonia's name, statues, and Slavicization 20:18 "We belong to the Balkans": Greece's historical imagination and reality 22:59 The Ottoman dreams of the Balkans have faded, while Russia in Central Asia is still unfinished 29:37 A city of white marble: Ashgabat 35:56 Revisiting Uzbekistan: More girls on the street are wearing headscarves 40:06 Using "traveler's privilege" to find vineyards that cross borders 43:32 Chatting with a teacher who beat students in North Macedonia 54:24 The unique state of the seeker actively attracts stories 54:58 Getting to know Tibet's "Google" and soaking in "holy springs" in the depths of the Himalayas 01:02:02 European adventurers exploring Tibet in the early 20th century -Production Team- Sound Design hotair Program Coordinator He Fang Program Operations Xiao Mili Program Production hualun Si Zhao Yo Logo Design Yang Wenji -Music- Danse Macabre - Busy Strings - Kevin MacLeod -This program is produced by JustPod © 2025 Shanghai Hulu Network Technology Co., Ltd.- -Interaction- Business cooperation: [email protected] Weibo: @忽左忽右leftright @播客一下 @JustPod WeChat Official Account: 忽左忽右Leftright / JustPod / 播客一下 Xiaohongshu: JustPod气氛组 / 忽左忽右 Bilibili: 忽左忽右leftright Douyin: 忽左忽右

Today's guest is another AI application entrepreneur, Chen Mian, the founder of Lovart. His product has become another Agent with a certain global reputation in 2025 after Manus. The difference is that Manus is a general Agent, and Lovart is a vertical Agent, for designers. Rather than saying he is a CEO who makes products, **his mental state is closer to that of a "fighting CEO".** This interview took place after Lovart became popular. You can feel the overflowing joy of Chen Mian at this moment, after experiencing a series of resentments in the past 2 years, such as subsidy wars, product delisting, only 4,000 yuan left in the account, and failing to raise funds. This is a snapshot of the mental state of an Agent entrepreneur in 2025. The curtain of the wave has just been raised. 2025, look forward to our common progress with AI! Our podcast program premiered on Tencent News. You can go and follow it to get program information and more news as soon as possible :) 03:00 Quick questions and answers **Wandering** 05:00 A 90s' 10 years of mobile Internet experience with constant job hopping (Tencent, 360, Baidu, Didi, Mobike, Meituan, Missfresh, ByteDance Education, and Jianying) 07:02 Experienced two battles, the peak was when the battle was in full swing, and then it was a mess 13:58 Starting from 0 to 1 to make Guagualong, just promoted to Byte 4-1, and encountered the "Double Reduction" policy 15:18 Would it be better to change the choice? **AI is here, I feel rescued** 25:25 AI is at least the invention of the computer, a change comparable to the information revolution (intelligence vs informatization) 28:58 The moment of being redeemed: "Hope is the antidote to all pain, and the meaning of all pain" 29:51 Avoid the main track of large models and the main axis of language, and choose multi-modality and creation **2023: One second I won first place in China, the next second it was delisted, layoffs, and no money** 36:00 The first investor I met was Zhang Yutong 37:43 June-September 2023, I fought with all my heart! ——Burned 2 million US dollars in 3 months 39:03 One second I just won first place in China, the next second it was delisted, layoffs, and no money 40:45 How to view advertising? How to view Kimi advertising? 42:35 What is the feeling of being delisted? Crashing 44:09 The company's account only has 4,000 yuan left 45:17 What is the current customer acquisition cost? How to effectively acquire users? 49:38 The opportunity is fleeting, and the results must be expanded when the rhythm is good **2024: Crazy investment** 50:05 2024 crazy investment, one round of financing per month, closed 3 rounds 52:21 We are very clear about the limitations of the first generation product liblib, and began to consider the second generation product 55:58 How was the second-generation product Lovart pre-researched? **2025: Lovart is popular** 59:48 If this designer is called Lovart, he/she also loves art, which is quite cool 01:01:47 What does competing for the "world's first XX Agent" bring? 01:03:00 Why is getting an invitation code a standard feature? 01:03:56 After Lovart became popular 01:07:30 Know-how of AI application entrepreneurship **This is the most!! awesome!! thing in my entrepreneurship!!** 01:19:57 I am a Gemini, sometimes crazy, sometimes very soft 01:24:04 Coexist with anxiety, just do it! 01:25:26 This is the most!! awesome!! thing in my entrepreneurship!! 01:28:00 But at this moment it's so cool!!! I was happy for a while - it's my simple happiness hahahahaha 01:28:32 No amount of money or job title can buy it 01:32:35 Innovation in unfamiliar fields is like repeatedly sliding a match on wet wood, igniting and extinguishing; until one day, you seize a gap, ignite the wood, and the fire spreads throughout the cave 01:33:58 At the end of 2023, I went to the Hillhouse office, and in the sunlight, I was in a daze **Make a big scene, leave quietly** 01:35:00 Childhood: wandering, martial arts novels and computer games 01:26:01 I don't know where my hometown is, I can only keep moving forward 01:38:46 Advice for other AI application entrepreneurs 01:42:29 Final quick questions and answers [Agent Entrepreneurship Trilogy in the First Half of 2025] 3-hour interview with Manus founder Xiao Hong: The world is not a linear extrapolation, but an important variable in the game 3-hour interview with YouWare founder Ming Chaoping: Today's Agent is like a gorilla just picking up a burning stick Lovart founder Chen Mian reviews the past two years of application entrepreneurship: This moment is so cool!! hahahahaha [More Information] Contact us: Weibo @张小珺-Benita For more information, please follow the official account: 张小珺

-The Chatter- Phil Chang (ID: @Phil Chang) -Timeline- 03:17 Why wasn't there a number 3 in this election? 05:49 Conditions for candidates to enter television debates 08:00 Harvard elite soaring 12:30 Lee Jun-seok's political mentor Yoo Seung-min 16:10 Building a political base through TV appearances 19:18 The rift between Yoo Seung-min and Park Geun-hye 28:53 Political wanderings from the Bareun Party to the Future United Party 34:36 Lee Jun-seok's ascension to the leader of the conservative party 38:54 The conflict between Lee Jun-seok and Yoon Suk-yeol 42:30 The exposure of Lee Jun-seok's sex scandal 57:56 Summary 1: Who exactly is Lee Jun-seok? 60:33 Summary 2: Why did the conservative unification fail? 65:18 Phil's comments -Background Information- Lee Jun-seok on the TVN show The Genius (Image source: namuwiki) Lee Jun-seok on the JTBC show "War of Words" (Image source: Nocutnews) Park Geun-hye and Lee Jun-seok in 2012 (Image source: Nocutnews) Kim Seong-jin introducing his company iKAIST on YTN in 2014 (Image source: Youtube 한국과학창의재단) Yoo Seung-min, as co-leader of the Bareunmirae Party, rallies support for Lee Jun-seok at Lee Jun-seok's campaign event during the 2018 by-election for a National Assembly seat. (Image source: 동아일보) Lee Jun-seok and Yoo Seung-min (Image source: namuwiki) From left to right: Yoo Seung-min, Hong Jun-pyo, Lee Jun-seok, Yoon Suk-yeol, and Won Hee-ryong at the 2021 presidential candidate debate. (Image source: Yonhap News Agency) Lee Jun-seok, leader of the People Power Party, presidential candidate Yoon Suk-yeol, and floor leader Kim Gi-hyeon pose for a photo at a restaurant in Ulsan on December 3, 2021. (Image source: 뉴시스) Lee Jun-seok, leader of the People Power Party, celebrates Yoon Suk-yeol's birthday at a campaign event for the presidential candidate on December 4, 2021. (Image source: Nocutnews) Lee Jun-seok in a live broadcast -Editing- Phil Chang -Production- Phil Chang -Listeners Group- If the QR code is expired, please check the latest QR code at the bottom of the main text of the latest episode, or send a private message to Phil Chang's Xiaohongshu or Douyin (ID: Phil Chang) to add to the listener group. *This program welcomes more interesting and high-quality content. Friends with relevant experiences and interests can join the listener group to contact Phil Chang. "Zhengwen Santai" looks forward to everyone's sharing!

In 2020, Professor Michael Berry of UCLA became the target of online attacks for translating "Wuhan Diary." The cyberbullying lasted for nearly three years, and he even frequently received death threats. Writer Fang Fang also suffered heavy losses. Her works cannot be published or reprinted, and even her name has almost disappeared from public space. Against this background, Michael Berry picked up Fang Fang's two novel manuscripts again. "Soft Burial" tells the story of individual destiny in the devastating land reform movement, and "The Running Flame" depicts the story of a rural woman resisting domestic violence. This year, these two works were finally published in the English-speaking world. In this podcast, Professor Michael Berry will talk to us about the process of translating these two works and the impact of cyberbullying. Michael Berry lists "Wuhan Diary," "Soft Burial," and "The Running Flame" as his "trauma trilogy": how do land reform, the epidemic, and domestic violence bring trauma to ordinary people and affect their lives? How should people deal with and face historical trauma? Do we still have the ability and opportunity to tell these historical traumas? Welcome to listen to this podcast. **Text version**: [https://bit.ly/bmb-154-text](https://bit.ly/bmb-154-text) **Timeline:** 01:38 Recalling the online violence after the publication of "Wuhan Diary": spy rumors, political cartoons, death threats 07:12 Fang Fang went from "People's Hero" to "Public Enemy": how the object of criticism was reversed overnight 11:59 Is there an organization behind the reversal of public opinion? 14:15 "Handing over the knife" becomes a watershed in the public space of public opinion 19:04 Hoping Fang Fang to take back the "writing" weapon: she was almost "banned" after the cyberbullying 23:33 Michael Berry's "trauma trilogy" 31:22 Facing historical trauma: the choice of novel characters 34:17 Teaching students to "dare to speak" for many years, but now I can only ask them to "protect themselves wisely" 40:06 The era of drawer literature 44:30 Talking about "The Running Flame": how to let Western readers understand the story of Chinese rural women 45:35 Challenges beyond censorship: fewer and fewer readers of novels in the fragmented era 46:06 Will the translator who once spent 15 years translating experimental novels worry about AI? 50:05 The process of getting out of cyberbullying is difficult, but the feelings for ordinary Chinese people have never changed 53:54 Guest recommendation Guest recommendation: [Movie "Ash is Purest White" Jia Zhangke/Wan Jiahuan](https://movie.douban.com/subject/36289263/) ["Crocodile" Mo Yan](https://book.douban.com/subject/36398795/) Related links: ["Soft Burial"](https://cup.columbia.edu/book/soft-burial/9780231214995/) ["The Running Flame"](https://cup.columbia.edu/book/the-running-flame/9780231215015/) Hosted on Acast. See [acast.com/privacy](https://acast.com/privacy) for more information.

本期节目是「首相塔」系列付费播客节目，完整内容请移步公众号「忽左忽右leftright」、小宇宙app、喜马拉雅fm、网易云音乐和公众号付费收听。 - 导语 - 近代世界人物之林，论知名度，温斯顿·丘吉尔往往位列前茅。他是诺贝尔文学奖得主，也是带领英国度过至暗时刻的首相。从保守党到自由党再回归保守党，是什么推动了他政治生涯的选择？面对20世纪的滔天巨浪，丘吉尔如何预见危机，并一手缔造了“英美特殊关系”？大英帝国的落日余晖，他对印度自治的顽固立场又引发哪些争议？请听本期节目陆大鹏的精彩讲述！ - 本期话题成员 - 程衍樑（微博@GrenadierGuard2） 陆大鹏，世界史研究者，英德译者，著有《德意志贵族》《巴比伦怪物：魏玛共和国犯罪鉴证实录》等，译有《阿拉伯的劳伦斯》等。 - 时间轴 - 01:22 丘吉尔的写作：老派英语文学，文风汪洋恣肆 03:43 索尔兹伯里带领保守党与迪斯雷利时代渐行渐远 09:40 关税之争：贝尔福担任首相期间的保守党大分裂 19:08 古巴、印度、苏丹与南非，青年丘吉尔的军旅生涯 27:36 世纪之交的审时度势与保守党的现代转型 35:03 推动坦克、海军煤改油与核计划：丘吉尔前瞻的技术构想 39:42 加里波利失利疑云：丘吉尔的重大挫折 46:08 殖民事务大臣丘吉尔与一战后中东格局 48:39 丘吉尔眼中的「英语民族」精神纽带 01:00:20 制海权转移：美升英降的前奏 01:04:39 老肯尼迪与冷眼旁观的美国人 01:19:32 罗斯福、丘吉尔合作：「大西洋宪章」与联合参谋部成立 01:31:11 丘吉尔对印度事务的看法 01:37:22 孟加拉饥荒与战争中的丘吉尔责任问题 - 制作团队 - 声音设计 hotair 节目统筹 禾放 节目运营 小米粒 节目制作 hualun 思钊 Yo logo设计 蛋花 - 本节目由JustPod出品 © 2025 上海斛律网络科技有限公司 - - 互动方式 - 微博：@忽左忽右leftright @播客一下 @JustPod 微信公众号：忽左忽右Leftright / JustPod / 播客一下 小红书：JustPod气氛组 / 忽左忽右 听友群：hzhyxzs3（添加后发送购买截图邀请进群）

故事FM 第844期 去年，我采访过两个记录中国的外国人。一位是瑞典记者欧丰瑞、另一位是日本纪录片导演竹内亮。今天，这个「记录中国的外国人」栏目中，我带来的是老安的故事。顺便说一句，这个采访我们同时也录制了视频版本，已经更新在了故事FM B站和视频号的频道里，大家可以搜索故事FM 订阅观看。 老安是一位摄影师，来自于意大利，在中国生活了40多年。老安通过镜头观察着中国社会的发展，也记录了普通人日常生活的改变。很多人知道老安是因为王小波生前唯一的访谈纪录片就由他拍摄。老安以一个外国人的有趣视角，留下了上个世纪90年代北京文艺界众多先锋人物的珍贵影像。老安在2021年出版了他在华40年的首部摄影集少许 1981 ~ 1984 年的中国，通过这本书，可以让我们用一个穿越者的视角，瞥见中国社会转型初期的样子。 /Staff/ 讲述者 | 老安（安德烈·卡瓦祖蒂Andrea Cavazzuti） 主播 | @故事FM 爱哲 制作人 | 王家猫 声音设计 | 王家猫 运营 | 鸣鸣 用你的声音，讲述你的故事。故事FM 是一档亲历者自述的声音节目。 在以下渠道均可收听我们的节目：苹果播客 | 网易云音乐 | 喜马拉雅 蜻蜓FM | 荔枝FM | 懒人听书 小宇宙 | QQ音乐 | 酷狗音乐 | 酷我音乐 Spotify | YouTube Music 商务合作：[email protected] 微信公众号：故事FM (ID: story_fm) 新浪微博：@故事FM_StoryFM 个人微信号：gushi_fm02

The Sino-US tariff conflict has become the biggest variable in the global economy, and also comprehensively affects the globalization process of Chinese brands. In this episode, we will explore different choices for the globalization of Chinese brands through three cases: SHEIN, CHAGEE, and POP MART. * After the cancellation of the postal parcel tax exemption policy, can SHEIN's "small-batch, fast-turnaround" model continue? Can relocating its headquarters to Singapore and minimizing its Chinese identity help it escape the impact of geopolitics? * Can CHAGEE, which opened its first US store in Los Angeles, successfully enter the developed country market and be accepted by locals? Can the determination to "make friends with the world through Chinese tea" be realized? Where is the next stop on the road to the world? * How much revenue did international superstar Lisa spontaneously promoting Labubu generate for POP MART? Is POP MART's situation in Japan an isolated case or the norm? How can Chinese companies balance the creation and operation of IP content? ## Feng Tou Quan Member Events The 2025 Feng Tou Quan member offline gatherings are about to begin, with the first two sessions being: * Saturday, June 21st, afternoon in Haizhu District, Guangzhou; * Sunday, June 22nd, afternoon in Nanshan District, Shenzhen; Members in these two regions, please pay attention to the registration methods announced in the WeChat group. Members in other regions, please don't worry, we will notify you in advance after confirming the venues. Member events are only open for registration to Feng Tou Quan members. Friends who are not yet members, please join the member community first. ## Member Community Feng Tou Quan has a member community where you can meet like-minded friends and discover business partners. Every year, we hold offline events limited to members in four cities: Beijing, Shanghai, Shenzhen, and Guangzhou. Small member dinners and gatherings are also held in other cities from time to time. Through face-to-face communication, you can further deepen your understanding and facilitate cooperation with other members. Members can also read "Feng Tou Quan Text Highlights," which is a manually organized and edited version of the Feng Tou Quan podcast program content, suitable for reading habits and convenient for searching for charts, data, viewpoints, and conclusions mentioned in the program. Search and follow the "Feng Tou Quan" service account on WeChat to find ways to join the member community. ## Business Cooperation For business cooperation and advertising inquiries, please search and follow the "Feng Tou Quan" service account on WeChat.