中国金币集团有限公司发布公告称，近期贵金属原材料价格持续大幅攀升，特提醒广大贵金属纪念币集 藏爱好者，理性参与投资，注意管控风险。 （编辑：杨井鑫 审核：朱紫云 校对：燕郁霞） 中经记者 郝亚娟 夏欣 上海 北京报道 1月29日，现货黄金站上5500美元/盎司关口。 随着金价持续走高，熊猫金银币的投资需求也随之显著升温。 ...

记者注意到，近年来最高法院知识产权法庭处理的高额赔偿案件数量和赔偿金额都明显增长。对此郃中 林回应称，近年来高额赔偿案件越来越多的原因，首先是因为《知识产权强国建设纲要（2021—2035 年）》明确提出，全面建立并实施侵权惩罚性赔偿制度，加大损害赔偿力度。近年来，民法典和知识产 权专门法均规定了知识产权侵权惩罚性赔偿，并提高了法定赔偿数额。高额判赔是积极落实政策和严格 执行法律的必然结果。其次，严格保护知识产权，是适应知识产权客体的无形性、侵权行为的隐蔽性、 当前市场上侵权行为仍易发多发等因素的规律使然。再次，我国进入高质量发展阶段，知识产权越来越 成为企业核心资产和市场竞争利器，其市场价值越来越大，侵权行为危害程度也随之增大。 近年来，法庭受理案件越来越聚焦"高精尖"技术领域,涉战略性新兴产业案件数量和占比逐年攀升，高 额赔偿案件数量和赔偿金额随之都有较大幅度增长。其中，技术秘密高额赔偿案件占比较高；但专利高 额赔偿案件也屡见不鲜，赔偿额过1亿元的也有3件，超1000万元的至少有33件。数据显示，仅2025年， 法庭就在30案中适用惩罚性赔偿，共计11.3亿元，案均约3800万元；在32案中确定1000万 ...

Core Viewpoint - The Supreme People's Court of China is enhancing judicial protection for technological secrets to promote the standardization and improvement of commercial secret protection mechanisms [1] Group 1: Judicial Protection of Technological Secrets - The Supreme People's Court has accepted 343 cases related to technological secrets since the establishment of the Intellectual Property Court [1] - The "14th Five-Year Plan" emphasizes the importance of strengthening the role of enterprises as technological innovation entities [1] Group 2: Strict Protection and Fair Competition - The court is committed to strict protection of technological secrets, utilizing evidence rules to combat infringement effectively, as seen in notable cases like the "Melamine" and "New Energy Vehicle Chassis" cases [2] - Punitive damages are being enforced to deter infringers, with the "New Energy Vehicle Chassis" case resulting in a judgment of 640 million yuan in punitive damages [2] Group 3: Balancing Interests and Promoting Resolution - The court aims to facilitate substantial resolutions, as demonstrated by the "Nylon Raw Material Process" case, which led to a comprehensive settlement and subsequent cooperation between parties [3] - Future efforts will focus on summarizing judicial experiences, handling significant and complex cases, and advocating for improved commercial secret protection regulations [3]

Core Viewpoint - The Supreme People's Court is taking steps to address "involution" competition through judicial measures, focusing on regulating monopolistic behaviors and preventing large enterprises from squeezing the profit margins of small and medium-sized enterprises [1][3]. Group 1: Judicial Measures Against Involution Competition - The Supreme People's Court's Intellectual Property Court aims to explore judicial paths to comprehensively address "involution" competition, emphasizing the need to regulate predatory pricing and other exclusionary practices by dominant firms [1][3]. - The court has identified three main factors contributing to "involution" competition: monopolistic behaviors, insufficient innovation, and unfair competition practices [1]. Group 2: Actions Taken by the Intellectual Property Court - The court has increased the supply of competition rules and case studies, clarifying the boundaries of market behavior, and has published 34 typical cases related to monopolistic and unfair competition since 2021 [2]. - Judicial anti-monopoly efforts have intensified, with 66 cases recognized as monopolistic since the court's establishment, including 15 cases in 2025 [2][4]. - The court is focusing on protecting innovation and promoting high-quality competition by applying measures such as evidence preservation and punitive damages to combat patent infringements [2]. Group 3: Addressing Malicious Competition - The court is targeting malicious competition cycles by strictly regulating unfair competition behaviors, such as stealing trade secrets and organized poaching, to prevent downward competition spirals [2][3]. - In 2025, the court handled several high-profile cases in sectors like platforms, new energy, and pharmaceuticals, encouraging cooperation and innovation among leading enterprises [3]. Group 4: Strengthening Judicial and Administrative Coordination - The court is enhancing the integration of administrative enforcement and judicial adjudication, ensuring that antitrust violations identified in civil lawsuits are reported to enforcement agencies [4]. - Since its establishment, the court has effectively adjudicated 203 antitrust cases, with 66 cases confirmed as monopolistic, covering various sectors including pharmaceuticals, telecommunications, and e-commerce [4].

Core Insights - Alibaba's chip company, PingTouGe, has launched a high-end AI chip named "Zhenwu 810E," marking a significant step in its AI strategy and the formation of the "Tongyun Ge" AI supercomputer with Alibaba Cloud and Tongyi Lab [1][2] - The "Zhenwu" PPU has been deployed in multiple clusters on Alibaba Cloud, serving over 400 clients, showcasing PingTouGe's capabilities in the chip sector [2] - Alibaba and Google are currently the only two companies globally with top-tier capabilities across large models, cloud, and chip technologies [3] 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 [7] - The performance of the "Zhenwu" PPU surpasses Nvidia's A800 and mainstream domestic GPUs, comparable to Nvidia's H20, and the upgraded version outperforms Nvidia's A100 [7] - The launch of the "Zhenwu" PPU is part of Alibaba's 17-year strategic investment and vertical integration in AI, which includes Alibaba Cloud, PingTouGe, and the Qianwen model [2][7] Group 2 - The chip concept is closely tied to Alibaba's market valuation, with recent news of PingTouGe's potential independent listing leading to a market capitalization increase of approximately HKD 100 billion in two days [8] - The Qianwen flagship reasoning model, Qwen3-Max-Thinking, has set multiple global records, demonstrating performance comparable to GPT-5.2 and Gemini 3 Pro [7] - The Qianwen open-source model has seen over 200,000 derivative models and more than 1 billion downloads, maintaining its position as the largest in the world [7]

【#阿里自研高端AI芯片曝光# 黄金三角"通云哥"浮出水面】继传出预计"独立上市"之后，阿里旗下芯 片公司"平头哥"日前再传大消息。 2026年1月29日上午，平头哥官网悄然上线一款名为"真武810E"的高端AI芯片，此前被央视《新闻联 播》曝光的阿里自研芯片PPU正式亮相。行业资深人士认为，这也意味着通义实验室、阿里云和平头哥 组成的阿里巴巴AI黄金三角"通云哥"首次浮出水面。 《中国经营报》获悉，阿里巴巴正在将"通云哥"打造成一台AI超级计算机，它同时拥有全栈自研芯片平 头哥、亚太第一的阿里云，以及全球最强的开源模型"千问"，可以在芯片架构、云平台架构和模型架构 上协同创新，从而实现用户在阿里云上训练和调用大模型时达到最高效率。 据悉，"真武"PPU已在阿里云实现多个万卡集群部署，服务国家电网、中科院、小鹏汽车、新浪微博等 400多家客户。 "真武"PPU的正式亮相，显示了平头哥在芯片领域积累多年的实力。阿里巴巴2009年创建阿里云，2018 年成立平头哥芯片公司，2019年启动大模型研究，经过长达17年的战略投入和垂直整合，终于实现"通 云哥"全栈AI的完整布局。 阿里巴巴长期观察人士认为，目前整个阿里 ...

对于业务现状，吴大领分享了部分数据：目前其单店客单价"在1200元左右"，高于行业平均水平；企业 团单续约率达95%，C端复购率约35%。收入结构上，"团单占比和行业差不多在80%左右"。 关于发展计划，吴大领透露："我们内部定了五年计划，五年之内希望变成中国体检行业的第一名。"但 他也强调了审慎扩张的态度，"我们现在做的是医疗，这是很严肃的，我们对线下也有足够的敬畏之 心，所有前提保证医疗质量。"2026年，北京地区将有新店陆续开业。#医疗[超话]# 中经记者 苏浩 卢志 坤 北京报道 【京东健康吴大领：以"第三极"定位应对行业挑战】"当前，公立医院存在资源紧张、体验欠佳的问 题，而民营机构则面临低价竞争下医疗服务质量受到质疑的挑战。"在1月27日举行的京东健康体检中心 创新发展媒体沟通会上，京东健康消费医疗业务部体检业务负责人吴大领阐述了京东健康体检中心的发 展思路，称其目标是成为国内专业体检市场的"第三极"。 吴大领在现场接受《中国经营报》记者采访时表示，体检行业搞到现在，大众现在非常不信任，正需要 一个像京东这样的品牌告诉大家我们打算怎么解决这些问题。"从另外一个角度，不管过往京东品牌， 京东口碑，包 ...

中经记者 杜丽娟 北京报道 长江商学院发布的2025年第四季度《投资者情绪调查报告》指出，当前提振内需也面临一些结构性因素 的挑战，其中包括人口结构的变化和房地产市场的周期性调整，这在很大程度上影响了人们对未来需求 的预期。 （编辑：吴婧 审核：朱紫云 校对：张国刚） 报告认为，中国提振内需不能仅依赖消费补贴，更重要的是稳住房地产、提升生育率。"一个好的经济 体是基础设施、人力资源以及高新技术的动态匹配。中国的基础设施已经是世界一流，科技正在走向世 界强国，人力资源是未来需要弥补的板块。"长江商学院会计与金融学教授、投资研究中心主任刘劲总 结。 2025年12月召开的中央经济工作会议把"坚持内需主导，建设强大国内市场"排在8个重点任务之首，凸 显了在外部环境严峻复杂的背景下，以强大国内市场为根基、提升发展自主性的战略意图。 《长江商学院投资者情绪问卷调查（CKISS）》数据源于2025年12月投资者情绪问卷调查和A股上市公 司2025年第三季度财报以及其他最新的国内外资本市场及宏观数据，调查每年开展三次。此次调查有效 回收样本为2100份左右，其中，普通散户投资者1300份，金融行业从业人员800份。 ...

中经记者 郝亚娟 北京报道 （编辑：张漫游 审核：朱紫云 校对：张国刚） 2026年1月28日，上海黄金交易所发布公告，对白银延期合约交易保证金水平和涨跌停板比例进行调 整。自2026年1月30日（星期五）收盘清算时起，Ag（T+D）合约的保证金水平从19%调整为20%，下 一交易日起涨跌幅度限制从18%调整为19%。 上海黄金交易所提醒，请各会员提高风险防范意识，做细做好风险应急预案，提示投资者做好风险防范 工作，合理控制仓位，理性投资，确保市场稳定健康运行。 ...

"具身智能作为'十五五'国家未来产业战略重点，正迎来高速发展期。" 近日，《中国经营报》记者获悉，广东省政协委员，广州工控集团党委书记、董事长景广军提交了建立 核心技术研发转化新范式，培育广东具身智能装备产业新高地相关提案。 2026年广东省政府工作报告指出，在2026年工作安排中，加快新兴产业发展壮大和未来产业成形成势， 大力发展第六代移动通信、具身智能、细胞与基因治疗、脑科学与脑机接口、氢能及先进核能、深海探 测、量子科技等重点细分产业。 景广军表示，要加快实现创新链、产业链、资金链、人才链的深度融合，全面推动广东具身智能产业高 质量发展。"广东在人工智能、半导体、新材料及高端装备等领域产业基础雄厚，拥有庞大的制造业应 用场景和全国领先的创新生态，为具身智能产业发展提供了得天独厚的条件。" 产业发展仍面临挑战 此外，具身智能产业的关键核心技术存在"瓶颈"。"技术体系整体处于探索阶段，企业技术路线呈现碎 片化，缺乏统一定义性能基线、安全响应阈值等行业标准。"景广军表示，在硬件层面，"感算控"一体 化芯片、高精度传感器、灵巧手及高性能关节模组等核心部件尚存不足；在软件与系统层面，面临算法 泛化能力弱、实时感知 ...