Core Insights - The report by IDC indicates that the Chinese smartphone market is expected to see a slight decline in shipments, with approximately 75.78 million units expected in Q4 2025, representing a year-on-year decrease of 0.8% [1] - Apple leads the market in Q4 2025, followed by vivo, OPPO, Huawei, and a tie between Honor and Xiaomi in fifth place [1] - For the entire year of 2025, the Chinese smartphone market is projected to ship around 285 million units, down 0.6% year-on-year [1] - The top five brands in terms of annual shipments in China for 2025 are Huawei, Apple, vivo, Xiaomi, and OPPO, with Honor falling out of the top five [1] - Globally, the total smartphone shipments are expected to reach approximately 1.26 billion units in 2025, reflecting a year-on-year growth of 1.9% [1] - The global smartphone shipments for Q4 2025 are projected to be 336.3 million units, showing a year-on-year increase of 2.3% [1]

凤凰网科技讯1月14日，鸿蒙智行尚界Z7道路测试视频曝光。新车采用低风阻流线型设计，呈现低趴姿 态与溜背造型。据媒体分析，该车可能定位为C级轿跑，车长或超过5米，轴距约3米。 日前，尚界汽车官方也公布了新车细节官图，可以看到该车采用轿跑造型，前大灯与尚界H5类似，顶 部有凸起的激光雷达，尾部则是贯穿式类似"星河"的尾灯。 另外，尚界Z7测试谍照也已曝光，细节方面可以看到车顶激光雷达、半隐藏式门把手、无框外后视 镜，翼子板处有导流风道。 作为尚界品牌面向高端市场的车型，Z7由上汽集团（600104）与华为合作推出，结合了上汽的制造体 系与华为的智能技术。 在曝光的测试画面中，车辆在类似赛道的场地进行高速过弯，车身姿态表现稳定。信息显示，该车可能 搭载华为途灵智能底盘平台，并采用双叉臂悬架、连续可变阻尼减振器等配置。 ...

Core Insights - Silver prices have reached a historic milestone, surpassing $90 per ounce for the first time, with a total market capitalization exceeding $5 trillion, making it the second-largest asset globally [1] - The recent surge in silver prices is attributed to U.S. inflation data reinforcing Federal Reserve rate cut expectations and ongoing geopolitical and economic uncertainties driving safe-haven demand [1][2] - Silver's industrial significance is highlighted, as it is a key material for electric vehicles, solar panels, and AI data centers, further boosting its demand amid global energy transitions [3] Market Performance - Silver's market capitalization is reported at $5.045 trillion, ranking it second after gold, which has a market cap of $32.251 trillion [1] - Year-to-date, silver prices have increased by 25%, reflecting strong market performance [2] - The market has experienced a continuous supply shortage for five years, with inventory levels near historical lows, contributing to upward price pressure [3] Geopolitical Factors - Heightened geopolitical tensions, particularly in the U.S.-Iran and U.S.-Venezuela contexts, have increased silver's attractiveness as a safe-haven asset [3] - Concerns regarding the independence of the Federal Reserve, especially following investigations into its chairman, have added to market uncertainties, benefiting silver prices [2][4] Future Projections - Citigroup has raised its three-month silver price target to $100 per ounce, citing factors such as escalating geopolitical risks, persistent physical market shortages, and renewed concerns over Federal Reserve independence [4]

高盛财富管理业务的投资策略团队在其2026年展望报告中警告称，"黄金在历史上出现过深度且持续的 回撤，其最大回撤幅度达70%。"。下图通过与美国债券市场进行对比，清晰地展示了这一点。传统 上，固定收益被视为投资组合在动荡时期的缓冲。 在2025年飙涨超60%、创下自1979年以来最大涨幅后，2026年国际金价再创新高，投资者仍在疯狂涌入 这一"传统避风港"。2026年迄今，现货黄金已累计上涨了近7%，升破4600美元。 就在当前"势如破竹"的背景下，高盛（Goldman Sachs）却警告说，涌向黄金寻求避险的投资者可能正 在犯下一个重大错误。该行的投资策略团队并不青睐将这种贵金属作为投资组合的多元化配置工具。 与此同时，高盛投资策略团队的战术资产配置主管Brett Nelson在有关2026年展望的媒体简报会上表 示，从历史数据看，"黄金的波动性高于美国股票，回撤幅度也大得多，而且在过去20年的滚动周期 内，只有大约一半的时间能够有效对冲通胀。" "也就是说，只有大约一半的时间能够产生实际回报。相比之下，正如下图所示，在同一时间框架内， 美国股票的表现始终优于通胀。"他补充道。 据FactSet数据显示，投 ...

摘要： 雍禾医疗的数字化实践，首先体现为诊疗过程的精准化与标准化。 雍禾医疗的系统性数字化建设，已超越单一工具的应用，形成了驱动医疗质量标准化、服务流程透明化、资源配置最 优化的核心能力。这不仅是其自身提升体验、构建壁垒的战略选择，也为整个毛发医疗行业向更高水平的标准化发 展，提供了切实可行的数字化范式。 在毛发医疗领域，传统的服务模式正面临诸多挑战：诊疗效果高度依赖医生个人经验，服务流程宛如"黑箱"，资源分 布不均使得优质医疗服务难以普惠。要破解这些挑战，数字化已成为关键引擎。 雍禾医疗前瞻性地将数字化、智能化置于战略核心，这并非简单地将线下流程"上网"，而是以人工智能与大数据为驱 动，从底层重构了诊疗、管理与服务的全链条。通过打造AI智能诊疗体系实现精准诊断，依托"禾帆"管理系统确保流 程透明与可追溯，创新"天网+地网"模式打破服务时空边界，雍禾正系统性地将技术力转化为医疗品质与患者体验的提 升能力，引领行业迈向一个更可信、更可感、更高效的新阶段。 更深远的创新在于，雍禾以数字化重构了医疗服务的空间与模式，即"天网+地网"融合生态。"天网"指具备合规资质的 互联网医院，提供在线问诊、检测与咨询；"地网"则 ...

凤凰网科技讯1月14日，从国家市场监督管理总局获悉，近日，市场监管总局根据前期核查，依据《中 华人民共和国反垄断法》，对携程集团有限公司涉嫌滥用市场支配地位实施垄断行为立案调查。 ...

Core Viewpoint - Tesla will stop selling the Full Self-Driving (FSD) feature as a one-time purchase after February 14, transitioning to a monthly subscription model only [1] Group 1: FSD Pricing and Availability - The current one-time purchase price for FSD in the U.S. is $8,000, while the monthly subscription fee is $199 [1] - In China, the one-time purchase price for FSD is 64,000 yuan, and a monthly subscription service is not yet available [1] Group 2: FSD Development and Features - Tesla's FSD feature has undergone multiple iterations since its launch in 2016, evolving from the initial Autopilot assistance to a more advanced smart driving system [1] - The FSD feature, which began rolling out in China in February 2025, remains classified as Level 2 (L2) autonomous driving, requiring driver supervision [1]

报告显示，2025年全球智能手机总出货量约为12.6亿部，同比增长1.9%。其中第四季度出货量达3.363亿部，同比增长2.3%。 凤凰网科技讯1月14日，根据国际数据公司IDC发布的2025年全球智能手机市场跟踪报告，2025年全年，中国智能手机市场出货量排名前 五的品牌分别为：华为、苹果、vivo、小米、OPPO，荣耀掉出前五。面对存储价格预计仍将大幅上涨的态势，手机厂商的成本压力将进 一步加剧，业内预计2026年中国智能手机市场出货量或将出现较明显回落。 | | | 2025年中国前五大智能手机厂商- | -出货量、市场份额、同比增幅 | | | | --- | --- | --- | --- | --- | --- | | 厂商 | 2025年 出版量 (单位:百万台) | 2025年 市场份额 | 2024年 出版量 (单位:百万台) | 2024年 市场份额 | 同比增幅 | | 1. Huawei | 46.7 | 16.4% | 47.6 | 16.6% | -1.9% | | 2*. Apple | 46.2 | 16.2% | 44.4 | 15.5% | 4.0% | | 2*. viv ...

Core Viewpoint - The article discusses the challenges faced by South Korean companies, particularly Naver, in developing indigenous AI models, highlighting the reliance on foreign code, particularly from Chinese sources, which undermines the goal of technological independence [1][2]. Group 1: Competition and Development - The South Korean government initiated a competition to create a new, independent AI model using local technology, aiming to reduce reliance on US and Chinese tech giants [1][2]. - The competition, lasting three years, has seen three out of five finalist companies using parts of foreign AI models' open-source code, including Chinese models [1][2]. Group 2: Controversies and Allegations - Upstage, one of the finalist companies, faced allegations from a competitor that its AI model contained modules similar to those of Chinese company Zhizhu AI, even retaining copyright markings [3]. - The controversy has led to increased scrutiny of other finalist models, with Naver's visual and audio encoders being compared to products from Alibaba and OpenAI, and SK Telecom's model being criticized for similarities to DeepSeek's code [4]. Group 3: Responses and Clarifications - Upstage held a live verification session to demonstrate that its model was developed from scratch, although it acknowledged using open-source elements widely adopted globally [4]. - Naver and SK Telecom defended their use of external encoders as a strategic decision, emphasizing that the core engine of their models was developed independently [4]. Group 4: Regulatory Environment - The competition rules did not clearly state whether the use of foreign open-source code was permissible, and the Korean Ministry of Science has not issued new guidelines since the controversy arose [5]. - The Minister of Science welcomed the debate surrounding AI technology, viewing it as a positive sign for the future of South Korea's AI industry [5].

Core Insights - Alibaba's 1688 platform has launched the "AI Acceleration. Business Grab Plan" aimed at new merchants, offering a "three guarantees" service to ensure visitor traffic, inquiries, and orders, with compensation if targets are not met [1] - The platform's general manager, Wang Qiang, highlighted a K-shaped recovery in the industry, where 20%-30% of leading merchants are experiencing significant growth, while others relying on traditional models face ongoing pressure [1] - The report identifies three structural shifts in the industry driven by AI: decision-making mechanisms moving from human experience to AI-driven data, organizational forms transitioning from traditional command chains to AI-driven scheduling, and core competencies shifting from traditional skills to rapid training of AI models [2] Group 1 - The "three guarantees" service promises 50,000 visitors, 500 inquiries, and 300 orders, supported by AI product capabilities that have shown a 73% increase in GMV for AI-enabled members [3] - The report indicates that by 2025, nearly a quarter of orders on the 1688 platform will be reverse-customized, contributing to double-digit profit growth [2] - The platform has initiated a "Supply Chain Brand Plan" to collaborate with quality merchants, transitioning from white-label to brand and supply chain branding [4] Group 2 - Wang Qiang noted that only about 5% of merchants have reached the third stage of deep AI application, primarily led by agile new entrepreneurs [4] - The concept of "AI concentration gradient" categorizes regions based on their AI integration, with the Pearl River Delta and Yangtze River Delta as leading areas, while central and western regions are seen as growth areas [2] - The platform's long-standing presence in the industry has allowed it to accumulate valuable data assets and knowledge graphs, enhancing supply chain efficiency and reducing social inventory [4]