Second, there are fundamental flaws in the profit structure. Raw-material costs have long remained above 85% of revenue, reaching 87.5% in the first three quarters of 2025—well above the industry average. This was compounded by a 63.7% surge in selling and marketing expenses in 2024 and a 20.1% increase in administrative expenses; cost growth far outpaced revenue growth, keeping gross margin under sustained pressure. Third, there is a perception gap between the flagship “freshly hand-wrapped” selling point and actual operations. The company uses centrally produced, frozen ingredients delivered from a central kitchen, with stores only wrapping on-site—something that does not match consumers’ understanding of “handmade throughout the entire process.” Controversy over pre-prepared food has further eroded trust in the brand. In addition, the company also faces compliance risks: in 2023, 21.6% of revenue was processed via third-party payment channels, and issues such as unpaid social insurance contributions and deficiencies in property filings remain to be addressed.
Something similar is happening right now in science, except Russia is on the opposite side of the story this time. In the early 2010s, a Kazakhstani computer programmer named Alexandra Elbakyan started downloading articles en masse and posting them publicly on a website called SciHub. The publishers sued her, so she’s hiding out in Russia, which protects her from extradition. As you can see in the map below, millions of people now use SciHub to access scientific articles, including lots of people who seem to work at universities:，详情可参考服务器推荐
The stats surrounding Elon Musk’s planned IPO for SpaceX are astonishing, Fortune’s Shawn Tully writes. Analyst Franco Granda of PitchBook told him that a $1.75 trillion mark is justifiable based on SpaceX’s gigantic growth opportunities. Even at $1.5 trillion, the SpaceX debut would rank as the second-most-valuable IPO in history—trailing only Saudi Aramco at $1.7 trillion–plus in late 2019, and leagues ahead of Alibaba’s $169 billion in 2014. A $50 billion raise through an IPO would surpass the $44 billion raised through 90 IPOs last year.，这一点在谷歌浏览器下载中也有详细论述
17-летнюю дочь Николь Кидман высмеяли в сети за нелепую походку на модном показе