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Between High Profit Margins and Heavy Assets: The Illusionist’s Business Philosophy of “Japanese Cuisine by Day, Nighttime Bars”

Between High Profit Margins and Heavy Assets: The Illusionist’s Business Philosophy of “Japanese Cuisine by Day, Nighttime Bars”

Within the besieged world of the restaurant and bar business, old idols are being demystified, and new believers are still entering the scene. As Helen’s, once touted as the “first stock in small taverns,” struggles to pivot to a franchise model, on the other side of the track, COMMUNE,

From high commissions to "one-price," is high-end wealth management moving to its next stage?

From high commissions to "one-price," is high-end wealth management moving to its next stage?

``` Pushing open the exquisite wooden door of the VIP room and stepping onto the thick carpet, the investment process and choices in high-end wealth management are not the patterns ordinary investors are familiar with. They usually face high-threshold private equity products, which may come with flashy terms like “global allocation,

Meituan acquires Dingdong Maicai.

Meituan acquires Dingdong Maicai.

As the Spring Festival approaches, a thunderclap has struck the internet world. On February 5, Meituan (3690.HK) announced its plan to acquire Dingdong Maicai in an all-cash deal valued at $717 million. This is not only the most significant transaction in the local lifestyle sector at the beginning of

The historical peak of silver has never been caused by it "becoming expensive."

The historical peak of silver has never been caused by it "becoming expensive."

The historical peak of silver is often not due to prices rising too high, but is the inevitable result of the collision between high volatility, high leverage, and regulatory "slamming on the brakes." In the past 8 months, silver put on a frenzy worthy of the history books:

Anglo American's Q4 copper production fell 14% year-on-year, and its 2027 copper production guidance has been lowered.

Anglo American's Q4 copper production fell 14% year-on-year, and its 2027 copper production guidance has been lowered.

Due to a decline in output in the fourth quarter of 2025, Anglo American has lowered its copper production forecast for 2027. On Thursday, the company reduced its 2027 copper production guidance from the previously expected 760,000–820,000 tons to 750,000–810,000 tons. This revision mainly

The historical major tops of silver have never been caused by "getting too expensive."

The historical major tops of silver have never been caused by "getting too expensive."

In the past eight months, silver has staged a wild rally destined for the history books: at one point, gains reached as high as 179%, with prices breaking above the $100/ounce mark. Faced with such dizzying price action, the market often defaults to the intuition “what goes up must

Only recruiting math geniuses, 30 people capture 30% of the European electricity trading market! How did this quantitative company achieve it?

Only recruiting math geniuses, 30 people capture 30% of the European electricity trading market! How did this quantitative company achieve it?

``` If you walk into Second Foundation’s headquarters in Prague, you might think you’ve stumbled into a sci-fi fan club or a training camp for the International Mathematical Olympiad (IMO). There’s none of the usual hustle and bustle of a traditional trading floor or ringing telephones here—just