格隆汇2月4日｜中国1月RatingDog综合PMI 51.6，前值51.3。

格隆汇2月4日｜科创50指数跌幅扩大至2%，现报1441.57点。

格隆汇2月4日｜中国1月RatingDog服务业PMI 52.3，预期52，前值52。

文章提及标的 科创50 -- 科创50（1B0688）指数跌幅扩大至2%，现报1441.57点。

2026年开年1月的中国车市，用“冰火两重天”形容再贴切不过。 过去三天，不少车企都发布了1月份的销量业绩，可以说绝大多数车企都挂上了负增长的标签，特别是一些头部新能源车企，其1月销量波动更为严峻。 乘联会数据显示，全月乘用车零售预计180万辆，环比下滑20.4%，同比仅微增；新能源零售销量可能达80万辆左右，渗透率降至44.4%，较2025年底的峰值跌落近10个百分点。 在这场开年“寒流”中，车企阵营分化彻底拉满，拥有庞大燃油车基盘的大多数车企稳如泰山，而绝大多数单押新能源的品牌集体承压，新势力内部更是有人狂欢有人落寞。 透过这份成绩单，我们似乎可以发现中国市场越来越明显的竞争逻辑，那就是即便新能源是未来发展的大趋势，但“双腿走路才稳”的路径愈加清晰。 燃油车托底者稳，单押新能源者惨，出口是重要支撑 1月的销量数据，像一面放大镜，照出了不同车企战略选择的最终结果。核心分化点清晰明了，即是否拥有燃油车基本盘，直接决定了企业在市场波动中的抗风险能力。 以吉利、上汽、广汽丰田为代表的传统车企，凭借“燃油+新能源”双线布局，在1月交出了最稳健的答卷。 上汽集团1月销量32.74万辆，同比增长23.94%，其中燃油车销量24.2万辆，占比约74%，同比多卖3.9万辆。即便在自主品牌阵营，上汽也靠燃油车与新能源的协同，实现21.4万辆的自主品牌销量，超越了比亚迪国内10.96万辆的成绩。 不过有人可能会说，上汽的数据是以集团销量为计算维度，应该看车企。那么从车企维度来看，同样的上汽通用、上汽乘用车、上汽通用五菱增幅分别为29.31%、53.78%、36.98%，这三家车企基本上也是燃油车占大头。 再看另一家销量表现不错的车企吉利汽车，其1月总销量27.02万辆，同比微增1%，新能源板块受整体环境影响，贡献12.43万辆销量，同比微降，其中吉利银河跌了11%。但是其燃油车销量达14.59万辆，同比增长，中国星系列单月销量达13.44万辆，星瑞、星越L等高端燃油车型更是以4.51万辆的销量成为中坚力量，1月星越L销量2.5万辆，博越家族1月销量4.13万辆。 所以不难看出，吉利1月的销量保持稳健，核心依旧是燃油车在贡献绝对主力，而且和市场大盘一样，新能源的占比已经从之前超50%跌至46%。 奇瑞汽车的情况亦是如此，1月销量19.15万辆，同比下跌了10.7%，不过各大板块之中，唯...

黄金价格连续第二天上涨，反弹至每盎司5000美元上方，投资者在贵金属从纪录高点历史性暴跌之后逢低买入。 早盘交易中，金价一度上涨2.1%，此前一个交易日涨幅超过6%，原因是市场风险偏好情绪重燃，美元走软。周二收盘时，黄金价格较1月29日创下的历史高点下跌约12%，但今年以来仍上涨近15%。白银价格也上涨。 “贵金属的强制抛售可能已经结束了，”道明证券高级大宗商品策略师Daniel Ghali在一份报告中表示。“过去一周的剧烈波动无疑会让散户投资者继续观望，从而减少一个日益重要的买家群体。” 截至北京时间09：12，黄金价格上涨2.1%，至每盎司5048.55美元。白银价格上涨2.1%，至每盎司86.90美元。铂金和钯金价格也上涨。彭博美元指数上涨0.1%，此前一个交易日收跌0.3%。 责任编辑：于健 SF069

港股AIGC概念股集体下挫，美图公司跌超10% 2026-02-04 09:44:31 来源： 同花顺7x24快讯 分享 文章提及标的 美图公司 -- 阿里巴巴-W -- 智谱 -- MINIMAX-WP -- 腾讯控股 -- 金山云 -- 港股aigc概念（886019）股集体下挫，美图公司（HK1357）跌超10%，智谱（HK2513）、MINIMAX-WP（HK0100）跌超5%，金山云（HK3896）、腾讯控股（HK0700）、阿里巴巴-W（HK9988）跟跌。

内存条，被市场戏称为“涨幅超黄金的黑金条”，甚至有业内人士调侃，一盒高端DDR5内存条的价值，“已经超过上海不少房产”。 先给不了解的朋友科普一下：内存，本质上是存储芯片的一种。凡是用于保存数据的芯片都属于存储芯片，其中按是否断电丢失数据可分为易失性存储和非易失性存储。我们日常所说的“内存”通常特指DRAM，属于易失性存储，负责高速、临时的数据读写；手机、SSD、服务器硬盘中使用的则主要是以NAND Flash为代表的非易失性存储，负责长期数据保存。 过去十年，存储芯片一直是半导体产业的核心分支。这一波内存价格上涨的逻辑也很清晰：AI算力需求爆发，于是存储芯片市场跟着水涨船高。 大模型训练和推理对数据吞吐量、带宽和容量提出了前所未有的要求，一方面推高了以HBM、DRAM为代表的高端内存需求，另一方面也显著拉动了以NAND Flash为核心的高速存储需求，用于承载海量训练数据和模型参数。 与此同时，AI服务器中单机内存和存储配置量远高于传统服务器，使得存储芯片从“配套件”转变为“核心资源”，供需结构被重新改写，成为推动这一轮存储芯片周期上行的最重要产业变量之一。 如果把存储产业链拆解开，芯片只是起点，决定一颗存储芯片能否进入大规模应用的，还有后面的封装、模组、测试和验证流程。在测试设备这个关键环节，市场长期被日本Teradyne（泰瑞达）和美国Advantest（爱德万）高度垄断。随着国产存储芯片研发与量产能力的提升，产业链对本土测试设备的需求不断增长，这为中国存储测试设备创业公司提供了巨大的机会。市场开始从“追随芯片国产化”进一步延展到“补齐测试设备短板”。 最近，鸾起科技宣布完成近亿元B轮融资，由中科创星领投，荷塘资本，翌昕资本等跟投，融资资金将主要用于扩大生产，加大研发投入、新产品线布局等。该公司核心技术为基于NAND Flash颗粒的存储产品测试验证技术，填补了国内高端存储测试设备领域的空白。 填补国产存储测试空白 把时间线拉回到2022年前后，当时被视为存储行业的拐点时刻，价格、需求、库存全面下行的底部区间，大量厂商承压，资本市场情绪也接近冰点。2023年，动态随机存取存储器（DRAM）全球价格暴跌超过40%，如今的“国产存储芯片第一股”长鑫科技在那一年承受了200亿元的巨额亏损。 云泽资本投资经理告诉投中网，存储并不是一个短跑型赛道，而是典型的“三到五年一...

Source: Bloomberg, 5:53

Fuji Media Holdings Inc. shares plummeted as much as 12% after the embattled Japanese firm announced a large share buyback plan and said entities linked to activist investor Yoshiaki Murakami may sell their stakes. The broadcaster’s stock fell to ¥3,475 at one point in Tokyo, marking its steepest intraday decline since August 2024. The company announced it plans to repurchase up to ¥235 billion ($1.5 billion) of its own shares in a Feb. 3 release. Read more: Fuji Media Unveils Big Share Buyback to Push Out Activist The buyback plan marks a potential end to one of Japan’s most high-profile cases of shareholder activism in recent years. The Murakami-led funds had indicated they intend to sell their Fuji Media stakes once the company announced further measures to strengthen shareholder returns, according to Tuesday’s disclosure. Murakami has been campaigning for higher returns and the divestment of Fuji Media’s real estate unit. Fuji Media was once Japan’s most competitive broadcaster but has been embroiled in scandal since activist Dalton Investments raised concerns over management’s mishandling of sexual harassment allegations in early 2025. The company’s outlook remains cloudy, with uncertainty likely weighing on investor sentiment, said Kenzaburou Yamada , an analyst at Tokai Tokyo Intelligence Laboratory Co. “Competition is growing in the content industry, and it’s difficult to see how they’ll grow in the long term,” he said.

文章提及标的 同花顺 -- 据同花顺（300033）iFinD数据，沪深京三市成交额超5000亿元，较上日此时放量170亿元，预计全天成交金额约2.6万亿元。截至目前，沪市成交额2079亿元，深市成交额2910亿元，北证50成交额40亿元。

眼看着要业绩翻身的“储能老兵”，最终还是令投资者失望了。 1月30日，科陆电子（SZ：002121）发布业绩预告称，预计2025年营业收入为60亿元至65亿元，归属于上市公司股东的净利润为亏损1.15亿元至1.70亿元。预告一出，投资者炸开了锅。 华夏能源网（公众号hxny3060）注意到，2025年前三季度，科陆电子季季盈利，到第三季度累计盈利2.32亿元，同比增长了251.1%。然而，令投资者万万没想到的是，第四季度居然大幅亏损了3.47亿—4.02亿元，快赶上2024年全年4.64亿元的亏损额了。 科陆电子1996年成立，2007年在中小板上市，‌2009年开始布局储能，比行业大爆发早了十多年，是‌国内最早进入储能系统集成‌的新能源企业。但是，公司的业绩却没有一点先行者的亮色。2018-2024年的7年间，科陆电子除了2020年短暂盈利（扣非净利润依然亏损）外，其余每年都处于亏损状态。 2025年4月，美的集团（SZ：000333）还将集团的两大得力干将派往科陆电子担任董事长和总裁，这让投资者对科陆电子2025年度扭亏信心十足。三季报出炉时，大家惊呼是出现业绩拐点。 然而，事实是冷酷无情的，财务数据表明科陆电子并没有走出泥潭。那么，去年第四季度到底发生了什么？行业火爆之下，科陆电子为何还扭亏如此之难？ 一宗失败投资与扯不清的官司 针对 2025年业绩亏损的原因，科陆电子给出了6点解释。其中一条，是与中国南海工程有限公司（以下简称“南海工程公司”）的建设工程合同纠纷案一审判决结果出来了，公司拟计提营业外支出约6200万元。 科陆电子与南海工程公司的纠纷，始于2019年双方在科陆智慧能源产业园项目建设上的合作。当年3月，双方签订《建设工程施工合同》，后续于2021年追加签订两份补充协议，进一步明确合作细节。 2019年5月12日，光明科陆智慧能源产业园工程开工。根据合同约定，工期共计914天，理论竣工日期应为2021年11月11日。但实际施工过程中工期出现大幅延误，直至2023年4月26日才完成竣工。经核算，竣工延迟时长累计达531天。 2024年10月，南海工程公司提起诉讼称，2023年8月公司已向科陆电子提交竣工结算申请，但对方未按合同约定完成结算审核，亦未按时支付到期工程款。此外，南海工程公司还按要求赶工产生工程桩赶工费，对方非现金支付方式产生贴现费，停工期...

Spiking nearly +7% in Tuesday’s trading session, Palantir Technologies PLTR stock made headlines after delivering a blowout Q4 report yesterday evening. Providing advanced software platforms that help governments and businesses integrate huge amounts of data, analyze it, and make high-stakes decisions, Palantir’s tools are enhanced by its underlying AI platform (AIP) and are widely used in defense, intelligence, healthcare, and finance operations as a response to complex real-world problems. Correlating with such, Palantir issued eye-catching guidance that accompanied record Q4 results, fueled by AI adoption, massive U.S government contracts, and expanding commercial traction. Since going public in 2020, Palantir's stock is now up a spectacular +1,600% after rising another +50% over the last year. That said, following the post-earnings rally, PLTR is still trading nearly 25% from its all-time high of $207 a share, which it hit in November. Zacks Investment Research Image Source: Zacks Investment Research Palantir’s Q4 Highlights Palantir posted a quarterly sales peak of $1.4 billion, its third straight quarter of a billion or more in sales. This was a 70% increase from Q4 2024 sales of $827.52 million and impressively topped estimates of $1.34 billion by 4%. Notably, U.S. revenue spiked 93% to $1.07 billion, fueled by a 137% surge in U.S. commercial revenue at $507 million. Even better, Palantir moved further past the profitability line with net income coming in at $608 million or adjusted EPS of $0.25, compared to $79 million in the comparative quarter or $0.14 per share. Topping Q4 EPS estimates of $0.23, it’s also noteworthy that Palantir hit a peak in adjusted free cash flow of $791 million on a 56% margin. What also helped in refueling investor sentiment is that Palantir has now reached or exceeded EPS expectations for 13 consecutive quarters, posting an average earnings surprise of 11.63% in its last four quarterly reports. Zacks Investment Research Image Sour...

Spiking nearly +7% in Tuesday’s trading session, Palantir Technologies PLTR stock made headlines after delivering a blowout Q4 report yesterday evening. Providing advanced software platforms that help governments and businesses integrate huge amounts of data, analyze it, and make high-stakes decisions, Palantir’s tools are enhanced by its underlying AI platform (AIP) and are widely used in defense, intelligence, healthcare, and finance operations as a response to complex real-world problems. Correlating with such, Palantir issued eye-catching guidance that accompanied record Q4 results, fueled by AI adoption, massive U.S government contracts, and expanding commercial traction. Since going public in 2020, Palantir's stock is now up a spectacular +1,600% after rising another +50% over the last year. That said, following the post-earnings rally, PLTR is still trading nearly 25% from its all-time high of $207 a share, which it hit in November. Palantir’s Q4 Highlights Palantir posted a quarterly sales peak of $1.4 billion, its third straight quarter of a billion or more in sales. This was a 70% increase from Q4 2024 sales of $827.52 million and impressively topped estimates of $1.34 billion by 4%. Notably, U.S. revenue spiked 93% to $1.07 billion, fueled by a 137% surge in U.S. commercial revenue at $507 million. Even better, Palantir moved further past the profitability line with net income coming in at $608 million or adjusted EPS of $0.25, compared to $79 million in the comparative quarter or $0.14 per share. Topping Q4 EPS estimates of $0.23, it’s also noteworthy that Palantir hit a peak in adjusted free cash flow of $791 million on a 56% margin. What also helped in refueling investor sentiment is that Palantir has now reached or exceeded EPS expectations for 13 consecutive quarters, posting an average earnings surprise of 11.63% in its last four quarterly reports. Full-Year Results & Positive Guidance Rounding out fiscal 2025, Palantir’s top line stretched 56% year...

Spiking nearly +7% in Tuesday’s trading session, Palantir Technologies PLTR stock made headlines after delivering a blowout Q4 report yesterday evening. Providing advanced software platforms that help governments and businesses integrate huge amounts of data, analyze it, and make high-stakes decisions, Palantir’s tools are enhanced by its underlying AI platform (AIP) and are widely used in defense, intelligence, healthcare, and finance operations as a response to complex real-world problems. Correlating with such, Palantir issued eye-catching guidance that accompanied record Q4 results, fueled by AI adoption, massive U.S government contracts, and expanding commercial traction. Since going public in 2020, Palantir's stock is now up a spectacular +1,600% after rising another +50% over the last year. That said, following the post-earnings rally, PLTR is still trading nearly 25% from its all-time high of $207 a share, which it hit in November. Zacks Investment Research Image Source: Zacks Investment Research Palantir’s Q4 Highlights Palantir posted a quarterly sales peak of $1.4 billion, its third straight quarter of a billion or more in sales. This was a 70% increase from Q4 2024 sales of $827.52 million and impressively topped estimates of $1.34 billion by 4%. Notably, U.S. revenue spiked 93% to $1.07 billion, fueled by a 137% surge in U.S. commercial revenue at $507 million. Even better, Palantir moved further past the profitability line with net income coming in at $608 million or adjusted EPS of $0.25, compared to $79 million in the comparative quarter or $0.14 per share. Topping Q4 EPS estimates of $0.23, it’s also noteworthy that Palantir hit a peak in adjusted free cash flow of $791 million on a 56% margin. What also helped in refueling investor sentiment is that Palantir has now reached or exceeded EPS expectations for 13 consecutive quarters, posting an average earnings surprise of 11.63% in its last four quarterly reports. Zacks Investment Research Image Sour...

《股市簡訊》A股半導體指數早盤挫2.4%，中芯國際A股跌超2% TradingView

创业板指跌幅扩大至2%，上证指数涨0.13%，深证成指跌0.83%。AI算力硬件、AI应用板块跌幅居前。 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

立法會舉行前廳交流會，討論香港在推進產業發展方面，如何對接國家「十五五」規劃等問題。出席的政府官員，包括財政司司長陳茂波、商務及經濟發展局局長丘應樺、創新科技及工業局局長孫東等。 官員與議員在交流會上，將討論香港在推進產業發展方面，如何更好融入和服務國家發展大局，以主動對接「十五五」規劃，以及香港應如何鞏固提升香港國際金融、航運、貿易中心地位，以自身所長，更好服務國家所需，從中取得長遠發展。

电网设备板块盘初拉升，顺钠股份3连板 2026-02-04 09:40:56 来源： 同花顺7x24快讯 分享 文章提及标的 金盘科技 -- 积成电子 -- 宏远股份 -- 电网设备 -- 宏盛华源 -- 昇辉科技 -- 电网设备（881278）板块盘初拉升，顺钠股份（000533）3连板，宏盛华源（601096）涨停，金盘科技（688676）、积成电子（002339）、昇辉科技（300423）、三变科技（002112）、宏远股份跟涨。相关ETF方面，电网设备ETF广发（159320）(159320)成交额1317.88万元，电网设备ETF(159326)成交额1.72亿元。

Vietnam will allow foreign investors to trade through global brokerages directly instead of with local firms, a step aimed at improving market accessibility as the country prepares for an upgrade to emerging-market status from FTSE Russell. Under revised regulations issued by the Ministry of Finance, overseas investors will be able to place orders via international brokerages acting as authorized intermediaries without the need to open individual trading accounts at domestic securities companies, according to a statement on the government’s website. “This framework addresses long-standing concerns raised by FTSE Russell and foreign institutional investors regarding contractual complexity, onboarding friction and legal clarity,” said Pham Luu Hung , chief economist at SSI Securities Corp. Foreign investors are still required to register a securities trading code and open a securities custody account with a custodian member, preserving regulatory oversight, according to the regulation, which took effect Feb. 3. The Southeast Asian nation in October clinched a long-awaited upgrade from frontier status by FTSE Russell. The reclassification will officially take effect in September, subject to a March review. Officials also aim to win a similar promotion from MSCI Inc. by the end of the decade. FTSE Upgrades Vietnam to Emerging Market From Frontier Vietnam Sets Sights on MSCI After Clinching FTSE Russell Upgrade Vietnam Aims to Meet MSCI’s Market Upgrade Criteria by 2030 The new regulation also stipulates that there are no limitations on the types of securities eligible for non-prefunding trading. This move would help “ease operational constraints for index tracking and benchmark replicating,” Hung said. Foreign securities investment fund management companies are also permitted to open two trading accounts, one for proprietary trading and another for client asset management, according to the statement. This clarification enhances transparency, improves risk segregation an...

Ondo Finance announced a major integration with MetaMask to bring tokenized US stocks and ETFs directly into the popular self-custodial wallet. Yet the ONDO token barely moved on the news, continuing a month-long decline that has seen it lose over a third of its value. Sponsored MetaMask Opens Door to Tokenized Securities MetaMask and Ondo Finance unveiled their integration at the Ondo Global Summit on February 3. The partnership brings more than 200 tokenized US securities to the MetaMask mobile wallet through Ondo Global Markets. Users in supported jurisdictions can now buy, hold, and trade tokenized versions of major stocks, including Tesla, NVIDIA, Apple, Microsoft, and Amazon. The offering also includes ETFs such as SLV for silver exposure, IAU for gold, and QQQ for tech stocks. The integration works through MetaMask Swaps on the Ethereum mainnet. Users acquire Ondo Global Markets tokens using USDC, with trading available 24 hours a day, five days a week. Token transfers remain possible around the clock. “Access to US markets still runs through legacy rails. Brokerage accounts, fragmented apps, and rigid trading windows haven’t meaningfully evolved,” said Joe Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum. “Bringing Ondo’s tokenized US stocks and ETFs directly into MetaMask shows what a better model looks like.” Ian De Bode, President at Ondo Finance, emphasized the strategic value of reaching MetaMask’s user base. He noted that the integration brings pricing comparable to traditional brokerages like Robinhood into a self-custodial, on-chain environment. Sponsored Geographic Restrictions Limit Impact Despite the headline-grabbing announcement, a closer look reveals significant limitations. The list of excluded jurisdictions reads like a directory of the world’s major financial markets. Users in the United States, the European Economic Area, the United Kingdom, Switzerland, Canada, China (including Hong Kong), Singapore, Japan, Korea, and Brazil ...

美國總統特朗普多次表明想得到格陵蘭，北約就啟動「北極哨兵」計劃，以加強對北極的保護。挪威外交大臣艾德就稱，目前看不到中國在北極有大量活動。 美國總統特朗普早前曾多次揚言，以國家安全為理由，想收購及控制丹麥自治領地格陵蘭。雖然他宣稱不會動武，但丹麥國防部近日派兵加強格陵蘭防衛。美國及丹麥同屬北約成員國，雙方為格陵蘭爭議，導致北約陷入近年最嚴重危機。 德國《明鏡周刊》早前報道，北約正啟動「北極哨兵」計劃，藉此加強北極圈的警戒。北約旗下歐洲盟軍最高司令部，負責人指「北極哨兵」規劃剛起步，暫時不會透露更多細節，僅稱可加強北約在北極及高緯度地區的軍事部署。 丹麥首相弗雷澤里克森就稱，北約成員國普遍支持在北極擁有永久駐軍，以加強區域安全，包括格陵蘭周邊地區。 在丹麥首都哥本哈根，過去周日有數百名退伍軍人在美國大使館外示威，抗議特朗普威脅要吞併格陵蘭。對於特朗普早前宣稱，丹麥未有管理好格陵蘭，亦沒有能力保護北極安全，免受中國或俄羅斯影響，歐盟外交與安全政策高級代表卡拉斯與挪威外交大臣艾德認為，即使中國對北極甚感興趣，但看不到中方在北極進行大量活動。 歐盟外交與安全政策高級代表卡拉斯說：「雖然我們看不到中國在(北極)存在，但他們對北極甚感興趣。」 挪威外交大臣艾德指出：「我們會密切關注可能性，但對於中國在北極進行大量活動或投資，是沒有根據，大部分活動來自俄羅斯，因為俄方允許這樣做。」 卡拉斯認為，格陵蘭蘊藏著重要礦物原料，歐洲必須保持警惕，避免供應鏈或貿易路線遭武器化。 中方多次提到在北極活動符合國際法，旨在促進北極的和平及可持續發展，各國依法在北極開展活動的權利及自由應當得到充分尊重，又指美國謀取私利，不要拿其他國家當藉口。

一半是海水，一半是火焰。 谁能想到，曾让全网一边骂 “砍一刀” 烦到想卸载、一边又为 9.9 元包邮真香上头的拼多多，如今正上演最撕裂的 “冰与火之歌”？ 国内主站这块昔日高速狂奔的 “现金牛”，彻底迈入 “贤者时间”，广告收入增速罕见滑向个位数，烧钱换增长的野路子被果断叫停，转而精打细算守存量 。 而海外战场则是另一番 “极限闯关” 的惨烈景象，在合规铁拳和本土巨头的双重绞杀下，硬生生在夹缝里抠新活法。 一边是精耕细作的存量保卫战，一边是九死一生的全球化突围赛，拼多多的未来，全押在了 “守成” 的算计与 “开拓” 的孤勇之间，这场平衡术，玩得比谁都惊险 。 后“百亿补贴”时代的增长失速 拼多多2025年Q3季度的财报将这家曾经以“砍一刀”和极致低价席卷全国的电商平台置于战略转型的强光之下，暴露出其在增长失速和结构重塑之间的深层博弈。 （图源：拼多多2025年Q3季度财报） 本季度总收入1082.8亿元，同比增长9%，虽然比第二季度有所回升，但是这一增速已经彻底进入了个位数的区间，标志着平台从过去依赖规模扩张和流量红利的增长模式，正式转向以效率优先和结构性调整的新阶段 。 （图源：拼多多2025年Q3季度财报） 值得注意的是，这种“回暖”更多是节奏性修复而非趋势性反转，国内主站业务持续承压，广告收入动能衰减，在线营销服务及其他收入为533.5亿元，同比仅增长8.1%，创下近年来最低增幅，首次跌入个位数区间，暴露出其核心变现能力正面临系统性挑战 。 再加上618大促不再有国家补贴的加持，平台无法再靠“百亿补贴+政策红利”的组合拳点燃消费热情，而宏观经济环境下消费者趋于保守，对非必需品的支出更加审慎，叠加抖音电商凭借内容种草和直播带货强势切入下沉市场，大量中小商家将预算从搜索竞价转向短视频投放，直接削弱了拼多多主站的流量转化效率。 而在盈利能力的方面，公司展现出强大的成本控制能力，总营业成本为468.4亿元，同比增长18.0%，主要受履约规模扩大、带宽及服务器投入增加以及跨境支付处理费用上升影响，体现出其轻资产平台模型在高杠杆下的盈利韧性 。 其实，如今的拼多多正站在一个关键十字路口，国内见顶、海外突围未竟全功，短期靠降本推利，长期仍需在技术创新、生态构建与全球化深度运营上实现质的飞跃，否则所谓的“高质量发展”可能只是一场精心包装的财务艺术 。 面临双重市场夹击 202...

3C AGI Partners , founded by former SenseTime Group Inc. managing director Esther Wong , is launching an artificial intelligence venture fund backed by a family office that runs money for some of Hong Kong’s richest families. The fund is targeting as much as $100 million by March, after raising $50 million in a first close in November, Wong said in an interview in Hong Kong. 3C AGI has already deployed money from an initial 2023 AI fund . Wong said the fund will focus on the “picks and shovels” of AI infrastructure such as hardware and data centers, and is steering clear of the AI application space, which she views as overvalued and saturated with short-term investors. While the debut 2023 fund focused on US companies, the new vehicle will adopt a broader “US Plus” mandate, according to Elton Cheung , a partner at VMS Group, the Hong Kong family office that’s backing the fund. The strategy aims to keep its exposure to North American and global startups, balancing the firm’s traditional stronghold in mainland China. VMS, which runs more than $4 billion, declined to disclose its commitment to the fund, but noted that investors from the first fund are continuing their support for the second one. “The US market drives hot demand,” Cheung said in the same interview. “If Esther can find an equivalent China deal versus a US deal, it is always the US deal that Asia has demand for.” The move represents VMS Group’s strategic efforts to diversify away from China. However, making such a pivot is increasingly difficult for Hong Kong family offices because they are caught in geopolitical tensions between the two superpowers. VMS is affiliated with the billionaire Cheng family that controls real estate giant New World Development Co., people familiar with the matter have said, asking not to be identified discussing private information. Cheung declined to comment on a relationship with the Cheng family, saying VMS doesn’t disclose the identity of its investors. Read More: Billionai...

据英国大曼彻斯特地区警察局3日发布的通告，该地区利特尔伯勒镇当天发生一起轻型飞机坠毁事件，造成两人死亡。当天早上，这架轻型飞机从伯明翰起飞，中午坠毁在利特尔伯勒镇的一处农田。应急人员到达现场后，发现两具男性尸体。警方表示，飞机上并无其他人员，也没有地面人员伤亡的报告。（央视新闻）

Oli Scarff/Getty Images News A group of shareholder activists and pension funds are pressuring BP ( BP ) to justify its strategy of shifting spending away from renewable energy to oil and gas projects, the Financial Times reported Tuesday. A shareholder resolution filed by U.K. and European pension funds, along with activist investor Australasian Centre for Corporate Responsibility, said BP's ( BP ) renewed focus on fossil fuels does not address the root cause of the company's underperformance. The co-filers represent 0.42% of BP's ( BP ) share capital, valued at more than $400M, according to LSEG data. The proposal calls for BP ( BP ) to explain how the company takes "a disciplined approach to capital expenditure in order to generate an acceptable return on capital" for its new oil and gas projects. A year ago , BP ( BP ) unveiled a "fundamental reset" to its strategy in which it would boost spending on oil and gas by $1.5B to $10B annually and cut clean energy from $7B to $1.5B-$2B annually. BP ( BP ) should improve transparency over how it assesses cost competitiveness for each project and how it accounts for cost overruns, as well as explain how spending on oil and gas exploration creates value for shareholders, the group said, adding the disclosures should be made no later than next year's annual shareholder meeting. More on BP BP: Castrol Sale And Implications BP Selling A 65% Stake In Castrol Could Be A Great Move All Weather Portfolio: BP Fits Better Than XLE

上一卷咱们说到，DeepSeek、OpenAI和英伟达这三家，为了争夺AI江湖的盟主之位，那是杀得天昏地暗。一个在玩价格战，一个在搞垄断基建，一个在忽悠物理AI。这三家，打得是热闹非凡。 但是，这都属于“明枪”。 在江湖上混，最怕的不是明枪，是暗箭。最狠的人，往往不是那个叫唤得最响的，而是那个一直坐在角落里，眯着眼睛，手里还不停磨刀的。 在2025年的硅谷，这个狠人，就是Meta的皇帝—— 马克·扎克伯格 （Mark Zuckerberg）。 如果说奥特曼是想当神，老黄是想当首富，那扎克伯格的想法比较朴素，他只想当—— 死神 。 他不想统治这个世界，他想把旧世界给烧了，然后在废墟上建立他的新罗马。 咱们今天这第二卷，就来讲讲这位“焦土之上的收割者”。 以下故事纯属虚构，情节均为杜撰，请勿当真。作者不对内容的任何真实性负责，请知悉。 第一章：皇帝的心理阴影 一、 那个叫苹果的噩梦 要读懂2025年的扎克伯格，咱们得先把时钟拨回到几年前。 那时候的扎克伯格，过得那叫一个憋屈。 虽然他坐拥Facebook、Instagram、WhatsApp这三大流量神器，手底下有几十亿用户，可以说是权倾朝野。但在他头顶上，始终悬着一把剑，这把剑的名字叫—— 苹果 （Apple）。 为什么怕苹果？因为扎克伯格是“寄人篱下”。 他的那些超级App，全都跑在苹果的iPhone上，跑在iOS系统里。这就好比你是个富可敌国的大地主，但你的地是租来的。房东想涨房租就涨房租，想赶你走就赶你走。 2021年，房东库克（Tim Cook）不高兴了，搞了个叫“隐私新政”（ATT）的东西。简单说就是：不让Facebook随便追踪用户的数据了。 这一招，直接要了扎克伯格半条命。就因为这一个小小的改动，Meta一年的广告收入蒸发了100亿美元。 那一年，扎克伯格看着财报，心里那个恨啊。他明白了一个道理： 在别人的地盘上盖房子，装修得再豪华，那也是随时会被强拆的违章建筑。 从那天起，扎克伯格心里就种下了一颗复仇的种子。他发誓，这辈子再也不当房客了。他要拥有自己的地盘，自己的系统，自己的规则。 为此，他一度走火入魔，要把公司改名叫Meta，要把万亿家产都砸进那个虚无缥缈的“元宇宙”。结果大家都看到了，赔得底裤都快没了，华尔街差点把他赶下台。 但是，到了2025年，机会来了。 AI来了。 扎克伯格敏锐地嗅到，AI就是...

AI应用概念股盘初多数走低，开普云跌超10% 2026-02-04 09:39:56 来源： 同花顺7x24快讯 分享 文章提及标的 引力传媒 -- 宏景科技 -- 开普云 -- 世纪恒通 -- 因赛集团 -- ai应用 -- ai应用（886108）概念股盘初多数走低，开普云（688228）跌超10%，宏景科技（301396）、因赛集团（300781）跌超8%，引力传媒（603598）、世纪恒通（301428）纷纷下挫。