尽管目前的商议仍在进行中，具体的IPO计划细节可能会随市场情况发生变动，但这一动作显示出小鹏 在低空经济领域的资本化步伐正在加快。截至发稿，小鹏汽车、摩根大通及摩根士丹利的代表均拒绝就 此事置评。早在去年，便有消息称多家投行受邀参与竞标小鹏汇天在香港或美国的上市辅导工作。 公开资料显示，小鹏汇天近期已将国际品牌重塑为"Aridge"。在产能布局方面，公司位于广州的智能制 造基地占地面积达12万平方米，按照设计规划，该工厂未来有望实现每30分钟下线一台飞行汽车的高效 生产能力。据悉，其首款量产飞行汽车计划于2026年年底正式开启客户交付。此外，作为小鹏汽车生态 链的重要一环，小鹏汇天曾在2024年完成了1.5亿美元的融资，小鹏汽车董事长何小鹏也是其共同持有 者之一。(作者/于雷) 凤凰网科技讯1月12日，据彭博社援引知情人士消息，小鹏汽车旗下飞行汽车部门——小鹏汇天(Xpeng Aeroht)已委聘银行筹备其在香港的首次公开募股(IPO)事宜。据悉，这家中国电动汽车制造商选择了摩 根大通和摩根士丹利作为联席保荐人，负责推进相关上市工作。消息人士指出，小鹏汇天已秘密提交了 股份发售申请，上市时间最早可能定在今年。 ...

凤凰网科技讯1月12日，据彭博社消息，浙江强脑科技有限公司(BrainCo)已秘密提交香港IPO申请，有 望成为中国"杭州六巨头"(杭州六大新兴科技公司)中首家上市的企业。 ...

Core Insights - BYD launched the 2026 models of Qin L DM-i and Qin PLUS DM-i with a long-range version of 210 kilometers, priced between 89,800 to 122,800 yuan [1] - The new models enhance the pure electric range of plug-in hybrid sedans to over 200 kilometers, featuring a standard battery capacity of 25.28 kWh [1] - Both models achieve a comprehensive range of 2,110 kilometers under NEDC conditions, with a fuel consumption of 2.79 liters per 100 kilometers when depleted [1] Product Features - The Qin L DM-i high-end model includes the Yun Nian-C intelligent damping body control system and multi-link independent suspension, with optional front-row side airbags and W-HUD head-up display system [1] - The Qin PLUS DM-i is equipped with the DiPilot 100 driver assistance system and DiLink 100 high-end intelligent cockpit [1] - The Qin L DM-i offers six body color options, while the Qin PLUS DM-i provides seven color choices, both featuring an integrated electronic gear shift [1] Sales and Promotions - Certain configurations of the new models come with limited-time offers, including the TBC high-speed tire blowout stability system, purchase tax subsidies, and financial interest discounts [1] - The cumulative sales of the Qin family have exceeded 2.7 million units [1]

诺基亚在其官方声明中称，公司在视频压缩、内容交付等相关技术领域是发展领导者，在过去超过25年 中积累了超过5000项相关发明。 根据协议，海信在其电视产品中使用诺基亚的视频相关技术，并将为此向诺基亚支付专利许可费。这是 诺基亚与海信之间达成的首份专利许可协议，具体的协议条款和金额将按双方约定保密。 凤凰网科技讯1月12日，诺基亚与海信集团宣布，双方已于上周签署一项涵盖视频技术的多年专利许可 协议，并就此解决了在全球所有司法管辖区内的全部专利相关诉讼。 ...

1月12日，A股广告营销板块大福走高，截至发稿，涨超11%，报3797.19点。 | 3415.25 | | | --- | --- | | 3287.94 | | | 3160.62 | | | 3033.31 | | | 09:30 | 11:30/13:00 | 市场AI应用板块集体爆发，值得买、卓易信息等多股涨停，易点天下、中文在线、天龙集团更是组成了新的"易中天"组合。 消息面上，1月9日，上海市市场监督管理局印发《关于促进互联网平台广告规范健康发展的指导意见》，依法依规加强平台广告监管，严厉打击虚假违法广 告行为。优化政策环境、激发创新活力，支持平台企业提升广告服务能级和核心竞争力。严守广告合法合规底线，对关系人民群众生命健康和财产安全的重 点领域广告以及导向问题广告实施严格监管；对新产业、新业态、新模式广告探索包容审慎监管举措，为创新发展留足空间。聚焦当前平台广告规则不公平 不合理、虚假违法广告多发频发等突出问题，统筹运用行政监管、行业自律、信用约束、社会监督等手段，构建协同共治的平台广告治理体系。 | | | 名称 | 最新 | 涨幅%。 | 成交额 | | --- | --- | --- | ...

Core Insights - Tmall's 2025 New Brand Development Report indicates that over 150,000 quality new merchants opened stores on the platform in the past year, setting a historical record for new brand creation [1] - The number of brands achieving over 100 million yuan in sales in their opening year increased by over 40% year-on-year, with 276 new brands reaching this milestone within three years and 5,026 brands surpassing 10 million yuan in annual sales [1] Industry Distribution - The sectors with the highest number of new brands achieving over 10 million yuan in sales include apparel, home appliances, home decoration, 3C digital products, health, sports and outdoor, maternal and infant products, home goods, food and fresh produce, and jewelry [1] - Notable new brands include Ten Qintian, Tongping, Xu Cuihua, Kutaike, Xiaohan Furniture, Junpei, LiberLive, Juequling, PANE, and CrzYoga, which are recognized as representatives of the "new force" brands for the year [1] Emerging Brands - A number of emerging brands are rapidly rising in niche markets through differentiated products, such as LiberLive with its "stringless guitar," XREAL focusing on AR glasses, and Xu Cuihua specializing in plant-based cat litter [1] Regional Distribution - The cities with the highest number of new merchants include Guangzhou, Shenzhen, Jinhua, Hangzhou, and Quanzhou, with Guangzhou maintaining its position as the "brand creation city" for three consecutive years, and the number of new stores opened in 2025 is expected to double compared to 2023 [1] Strategic Initiatives - Tmall will continue to implement its "supporting excellence" strategy in 2025, providing tiered support for new brands at different growth stages, including the "Blue Star Plan" for new merchants, "Treasure New Brand" support for those in growth stages, and the "Thousand Star Plan" targeting potential market segments [2] - The report also highlights 50 promising blue ocean opportunity sectors for 2026, covering areas such as smart robotics, AI glasses, skin science, and outdoor pet products [2]

凤凰网科技讯1月12日，美团官方发文称，美团近日在大连警方指导下启动开锁行业专项服务治理试点，通过提升商户合作门槛、上线"公安备案"专属标 识、推动服务流程线上化等措施，强化消费透明与安全保障。目前，平台内大连地区开锁商家公安备案率已达100%，部分商户订单量实现翻番，营业额 提升超50%，相关客诉量也呈下降趋势。 针对开锁行业价格不透明的现象，美团App上线AI咨询入口，用户可在下单前了解门锁类型、收费标准等信息。平台还在商户页面通过AI普及行业知识， 帮助消费者理解服务流程与定价依据。 美团方面表示，大连试点经验未来将逐步推广至全国更多城市，通过平台技术能力支持传统便民服务行业实现线上化转型与服务提升。 在商家准入方面，美团与警方打通资质核验通道，确保商户具备公安备案资质。平台建立履约分动态调控机制，依据上门时效、服务质量、客诉率等维度 评估商户，并对优质商户给予流量支持。服务过程中，开锁师傅需实时上传服务步骤、以视频记录开锁过程，系统会对比收费标准与市场均价，对异常加 价订单启动预警核查。 ...

2025年我国资本市场融资融券业务大幅增长，成为市场活跃度提升的核心风向标。 数据显示，2025年全年新开两融账户达154.21万户，如何看待这一数字？ 154.21万户创下近十年以来的最高纪录，较2024年增加了53.36万户，增幅超52%，较2018年的阶段性低点40.34万户增长近3.8倍。2025年末两融账户总数突 破1564万户，较2024年末实现跨越式增长。 截至2025年末，全市场融资余额从2024年末的1.85万亿元升至2.52万亿元，增幅超36%，投资者参与两融业务的热情高涨。 从时间维度看，2025年两融开户节奏稳健且下半年发力明显，9月以20.54万户创下全年单月新高，8月、3月、11月、12月新开账户数均超14万户。这一增长 态势是市场需求与券商布局共振的结果，全年行业两融业务增幅集中在25%-40%，头部券商与区域中型券商各展优势，多家券商上调业务规模上限以承接需 求。 资金流向呈现鲜明导向，硬科技与高端制造业成为核心赛道，硬件设备、半导体、电气设备等行业融资净买入占比显著，新易盛、中际旭创等科技类龙头企 业备受青睐，资金配置与国家产业升级方向高度契合，展现出杠杆资金对优质核心资产的 ...

Core Viewpoint - The prices for premium Moutai and Moutai 15-year are expected to decrease, with both the payment price and retail price projected to be lowered significantly [1] Price Adjustments - The payment price for premium Moutai is expected to drop from 2969 RMB per bottle to 1859 RMB per bottle [1] - The payment price for Moutai 15-year is anticipated to decrease from 5399 RMB per bottle to 3409 RMB per bottle [1] - The suggested retail prices for premium Moutai and Moutai 15-year were previously 3299 RMB and 5999 RMB per bottle, respectively [1] Current Market Prices - The current prices on the iMoutai platform are 2299 RMB per bottle for premium Moutai and 4199 RMB per bottle for Moutai 15-year [1] - After the adjustment in payment prices, the products are expected to maintain a gross profit margin of nearly 20% based on the latest retail prices [1] Sales Impact - The estimated annual sales for premium Moutai and Moutai 15-year are in the tens of billions, although they represent a small proportion of the overall revenue for Kweichow Moutai [1]

Core Insights - The company, Ruiman Intelligent, showcased its core capabilities of "hardware + data + remote operation network" at CES 2026, positioning itself as a system-level infrastructure platform for the era of embodied intelligence [1] - The company revealed its self-developed integrated joint module and ultra-lightweight humanoid robotic arm, which has an average fault-free operation time of 50,000 hours and has passed relevant compliance certifications [1] - A seven-degree-of-freedom humanoid robotic arm (RX series) has a rated load capacity of 5 kilograms and a maximum load capacity of 9 kilograms [1] - The highlight of the exhibition was the first public demonstration of the remote operation network (GLN), enabling real-time remote operation from Beijing to Las Vegas, allowing operators to control robots for tasks like item delivery [1] - The GLN aims to transform human operational capabilities into a networked service that can be scheduled and quality-checked, facilitating cross-temporal and spatial allocation of labor resources while accumulating real-world scenario data for technological iteration [1] - The immersive remote operation interface allows operators to command robots in real-time for various tasks, ranging from simple tasks like folding towels to specialized operations like corridor inspections and power management [1] Data and Production Capacity - The company has accumulated tens of millions of trajectory data segments at its humanoid robot data training center in Beijing and announced the open-sourcing of related real machine datasets [2] - To support global delivery of its hardware products, the company plans to achieve an annual production capacity of one million joint modules by 2026 [2] - The company's business has expanded globally, establishing partnerships with major firms such as Samsung and Amazon [2]