Group 1 - Huawei Mall is launching a limited-time Spring Festival promotion from January 29 to February 28, offering discounts up to 4000 yuan for mobile phones, 1000 yuan for tablets, 800 yuan for wearables, 4000 yuan for smart screens, and 3625 yuan for headphones and speakers [1] - Specific models such as the Pura 80 series can receive discounts up to 1500 yuan, Mate 70 series up to 1800 yuan, and Mate X6 series up to 2000 yuan, with trade-in offers providing an additional discount of up to 1000 yuan [1] - The promotion includes a wide range of products including Huawei Mate80 series, Pura80 series, Mate70 series, MateX6 series, Pura X series, nova15 series, Mate XTs, Huawei watches, headphones, tablets, PCs, smart screens, and routers [1] Group 2 - Huawei's terminal shipment volume is crucial for accelerating the HarmonyOS ecosystem, with over 40 million installations of the Xiao Yi input method indicating that HarmonyOS devices have surpassed 40 million units [4] - According to IDC data, Huawei is projected to regain the top position in the Chinese smartphone market in 2025 with a shipment volume of 46.7 million units, capturing a market share of 16.4%, marking its return to the number one spot since 2020 [4] - Apple and Vivo are closely following Huawei, with both having shipment volumes of 46.2 million and 46.1 million units respectively, each holding a market share of 16.2%, while Xiaomi and OPPO rank fourth and fifth with approximately 43.8 million and 43.4 million units, both exceeding 15% market share [4]

Core Viewpoint - The China Air Transport Association has issued a draft for public consultation regarding the "Flight Seat Reservation Rules for Public Air Transport Enterprises," aiming to standardize seat reservation practices and enhance passenger rights in response to growing demand for personalized travel experiences [1][2]. Group 1: Overview of the New Rules - The new rules require that at least 70% of seats on domestic flights and 65% on international and regional flights be available for free selection by passengers [2]. - The draft aims to address discrepancies in seat selection services among airlines, ensuring a more uniform experience for travelers [1][2]. Group 2: Scope and Applicability - The rules apply to both domestic and international flights operated by public air transport enterprises within China, with foreign airlines encouraged to follow these guidelines [3]. Group 3: Seat Reservation Definitions - Free selectable seats are defined as those available for passengers to choose without additional charges [6]. - Reserved seats are those not open for selection due to safety, special passenger needs, or value-added services [8]. Group 4: General Principles - Safety is prioritized, with seat reservation and release practices needing to comply with safety regulations [18]. - The rules emphasize a passenger-centered approach, ensuring sufficient free seats and respecting diverse passenger needs [19]. Group 5: Seat Reservation Management - Airlines must establish a management system for seat reservations, detailing reasons, quantities, and rules for obtaining and releasing seats [5][21]. - For domestic flights, value-added reserved seats are limited to loyalty program members, and no paid seat selection is allowed [23]. Group 6: Release Rules - Domestic flights must release reserved seats for free selection no later than three hours before departure [27]. - For international flights, reserved seats should be released progressively starting 48 hours before departure, with specific rules for different seat categories [33]. Group 7: Information Disclosure - Airlines must clearly inform passengers about seat reservation options, including free and paid selections, and the rules governing these options [35]. - Seat maps must use clear icons to indicate different seat categories for both domestic and international flights [36][37].

Core Insights - Alibaba has launched the "Zhenwu 810E" high-end AI chip, marking the debut of its self-developed PPU, part of the AI supercomputer initiative "Tongyun Ge" [1][3] - The "Tongyun Ge" integrates Alibaba's self-developed chips, leading cloud services, and advanced open-source models to achieve high efficiency in AI model training and deployment [1] - Alibaba and Google are the only two companies globally with top-tier capabilities across large models, cloud, and chip technology [1] Group 1 - The "Zhenwu" PPU features a self-developed parallel computing architecture and inter-chip communication technology, with 96G HBM2e memory and a bandwidth of 700 GB/s, suitable for AI training, inference, and autonomous driving [3] - The "Zhenwu" PPU has been deployed in multiple clusters on Alibaba Cloud, serving over 400 clients, including major organizations like State Grid and Xpeng Motors [1][3] - The performance of the "Zhenwu" PPU surpasses that of Nvidia's A800 and is comparable to the H20, with an upgraded version reportedly outperforming the A100 [3] Group 2 - Tongyi Laboratory released the Qwen3-Max-Thinking model, achieving multiple global records and performance levels comparable to GPT-5.2 and Gemini 3 Pro [4] - The number of derivative models from the Qwen open-source model has exceeded 200,000, with downloads surpassing 1 billion, maintaining its position as the largest globally [4]

Core Insights - The U.S. population growth is sharply slowing, with a projected growth rate of only 0.5% from July 2024 to June 2025, adding approximately 1.8 million people, including 1.3 million from international immigration and 500,000 from natural changes [1][18][22] - The net international immigration has dropped to about half of the previous year's figure (2.7 million), marking the lowest level since the COVID-19 pandemic [1][18][22] - The Trump administration is celebrating this decline, attributing it to their policies on immigration enforcement and deportations, claiming nearly 3 million illegal immigrants left the U.S. during their tenure [1][18][21] Population Growth and Immigration Trends - The primary reason for the slowdown in U.S. population growth is the historic decline in net international immigration, while birth and death rates have remained relatively stable [21][22] - All states experienced a decrease in net international immigration, although the figures remained positive [21][27] - The tightening of immigration policies under the Biden administration and further enforcement under Trump has led to a significant shift in immigration patterns [25][35] State-Level Changes - All states reported a reduction in net international immigration, with some Midwestern areas seeing a rare net inflow from domestic migration [27][35] - California, traditionally a major destination for immigrants, has seen a slight population decrease, with outflows exceeding inflows [28][30] - Florida continues to attract a net increase in population, but high housing prices in areas like Miami are causing some outflows, impacting middle-class residents [30][33] Regional Dynamics - The South is experiencing a notable increase in immigration, while the Midwest is beginning to recover from previous declines [35][36] - Housing prices are influencing migration trends, with high costs in the Northeast and West leading to outflows, while the Midwest offers more affordable options [33][35]

商务部新闻发言人何咏前表示，2025年，在中美两国元首战略引领下，中美双方秉持平等、尊重和互惠 的精神，先后开展了五轮经贸磋商，取得一系列积极成果，充分证明中美双方通过平等对话磋商，能够 找到解决经贸分歧的办法。两国元首釜山会晤后，双方通过中美经贸磋商机制在各层级持续保持沟通， 共同推动落实元首会晤重要共识和吉隆坡经贸磋商成果。下一步，中方愿与美方共同维护好、落实好两 国元首重要共识，用好中美经贸磋商机制，管控分歧、推进合作，促进中美经贸关系稳定、健康、可持 续发展。 （记者：谢希瑶、黄韬铭） 商务部1月29日举行例行新闻发布会。 有记者问：美国贸易代表日前在达沃斯表示，在可能举行的中美领导人会晤之前，中美双方有机会开启 新一轮经贸谈判。请问商务部对此有何评论？ ...

（作者｜周琦 编辑｜张广凯） 1月中旬，一则资本市场公告在平静的乳业界激起涟漪。 中国乳业龙头伊利宣布，将以"先卖后买再加仓"的操作，增持上游核心伙伴优然牧业。 一进一出，伊利掏出11.73亿港元，对优然牧业的持股比例仅从33.93%微升至36.07%。 2025年10月，原料奶均价3.04元/公斤，较去年同期下跌9.2%，截至2025年12月第三周，主产省份生鲜乳平均价格已跌至3.03元/公斤，价格水平跌回2010 年，创下十年新低。 这已是奶价磨底的第四年，行业哀嚎遍野，伊利为何甘愿在周期谷底加码优然牧业？ 挣钱不易 优然牧业并非传统意义上的牧场公司，而是一个覆盖从牧草种植、饲料加工到奶牛育种、规模化养殖、鲜奶生产的全产业链上游综合服务商。 这种纵向一体化的业务结构，使优然牧业成为国内乳业上游的独特存在。 2025年前6个月，公司营收为102.84亿元，较去年同期增长2.3%；股东应占溢利亏损2.97亿元，亏损同比收窄10.4%。 优然牧业分为"原料奶业务""反刍动物养殖系统化解决方案业务"两大业务。 "反刍动物解决方案业务"是优然牧业的独特优势。 该解决方案包含饲料业务、育种业务及奶牛超市，即向牧场供应 ...

不出所料，三星电子递交了一份"历史最强"季度营收报告：季度营收和营业利润双双创下纪录，半导体 业务的利润更飙升超400%。 据韩国《朝鲜日报》、彭博社等外媒消息，1月29日，三星电子正式公布其2025年第四季度及全年业 绩。第四季度单季，三星营收同比增23.8%，达到93.84万亿韩元；营业利润飙升209.2%，达到20.07万 亿韩元，大幅刷新了公司在2018年第三季度创下的17.6万亿韩元的纪录。 去年全年，三星年营收增长10.87%，达到333.6万亿韩元；年营业利润增长33.3%，达到43.6万亿韩元。 图片转自韩媒《朝鲜日报》 韩媒报道称，长期以来，三星的存储半导体业务一直是行业领导者。然而，随着AI基础设施竞争的加 速，三星因在HBM开发上落后，自2025年第一季度起被SK海力士超越。根据 Counterpoint Research的数 据，三星在2024年第四季度仍占据DRAM市场 38% 的份额，但去年第一季度跌至34%，落后于SK海力 士（36%）。为此，三星重新设计了HBM，并在去年通过向英伟达（NVIDIA）供应HBM3E实现了逆 转。 一位业内人士表示，"曾经停滞的三星半导体业务已开始 ...

【文/观察者网 张菁娟】中印边境地区仍处隆冬，但两国关系已悄悄回暖。 印度经济学家、新德里观察家研究基金会高级研究员夏尔马（Mihir Sharma）28日在彭博社发文称，中 印不仅恢复了外交互访、重启了军方会晤，最重要的是，印度已开始重新评估中国作为经济伙伴的角 色。而这一转变背后，是印度认清了现实。 文章写道，印度曾是全球对中国投资和贸易最为警惕的国家。2020年中印边境冲突后，印度限制中企竞 标印度政府项目，要求其必须在印度政府部门登记，通过安全和政治审核。这一措施不仅导致中企在印 中标合同金额大幅缩水，更造成印度国内相关物资短缺、大批工程项目进度滞后。 如今，这些针对中企的限制措施正迎来松绑，中印间的资本跨境流动也有望逐步恢复。 彭博社本月初援引两名印度政府消息人士的话报道称，印度财政部计划取消已实施5年的中企参与政府 合同项目竞标限制，相关决策的最终决定权在印度总理办公室。 "在这个由国有部门主导大量投资活动的国家，这绝非小事。"夏尔马表示，印度已清晰认识到自身丧失 了多项战略优势。印度官员与企业界形成普遍共识：脱离中国的零部件、资本与技术，印度经济永远难 以具备全球竞争力。 据报道，印度信实公司曾 ...

《方案》提出"两步走"目标：计划明年建成"开源鸿蒙特色社区、应用创新中心、中试验证平台"3个核 心载体，培育2万名开发者，在仪器仪表、工业控制等产业领域落地10个应用场景；计划到2030年培育5 万名开发者，建成开源鸿蒙应用创新生态集聚区，成为国内开源鸿蒙应用创新、技术创新、产业创新基 地。 开源鸿蒙是由华为捐献基础能力，开放原子开源基金会孵化及运营的开源项目，目标是面向全场景、全 连接、全智能时代，基于开源的方式搭建起智能终端设备操作系统的框架和平台，促进万物互联、产业 发展。目前开源鸿蒙是全行业发展最快的开源操作系统，工信部最新数据显示，开源鸿蒙装载设备量接 近12亿台。 为实现"两步走"目标，《方案》部署5类重点任务，包括夯实生态发展平台底座，建设产业生态联盟、 产业服务平台、特色开源社区；形成产业发展支撑体系，强化技术创新、适配服务、标准体系及安全保 障能力；加快场景培育应用推广，聚焦重点领域形成一批典型应用场景；优化兴产聚人政策，强化企业 引育、构建产教融合体系、健全人才引留机制；营造良好产业发展生态，建设一批产业生态集聚区并举 办各类生态交流活动。通过上述举措，将带动重庆市形成"平台支撑+技术突破 ...

Core Viewpoint - Suiyuan Technology, backed by Tencent, is entering the capital market with a unique narrative, focusing on deep collaboration with internet platforms rather than merely competing with Nvidia [1] Group 1: Company Overview - Suiyuan Technology has submitted its prospectus to the Shanghai Stock Exchange, joining other AI chip companies in the market [1] - The company plans to raise 6 billion yuan, aiming to differentiate itself through cost-effectiveness in the inference era [1] Group 2: Revenue Structure - As of the first three quarters of 2025, 57.28% of Suiyuan's revenue comes directly from Tencent, which increases to 71.84% when including indirect sales through server vendors [2] - Suiyuan's pricing for products sold to Tencent is lower than market rates, indicating Tencent's significant influence as both a major customer and a price setter [2][3] Group 3: Competitive Landscape - Suiyuan's customer structure is extreme compared to other domestic AI chip manufacturers, with Tencent being a dominant client [3] - The company has gained substantial practical experience through its collaboration with Tencent, which is crucial for validating business models in large-scale applications [4] Group 4: Market Challenges - Tencent's conservative investment in AI compared to competitors like Baidu and Alibaba may limit Suiyuan's growth potential [4] - Despite a compound annual growth rate of 183% over the past three years, Suiyuan's absolute revenue remains significantly lower than competitors like Cambricon, which reported 4.607 billion yuan in revenue for the first three quarters of 2024 [5] - The company's sales rate has been declining, dropping from 99.46% in 2023 to 69.48% in the first three quarters of 2025, suggesting potential demand weakness [5]