Core Viewpoint - The article discusses the occurrence of an X1.9-class solar flare from sunspot 14341, marking the first X-class flare of 2026, which has led to significant geomagnetic storms on Earth, resulting in beautiful auroras in various regions of China [2][5]. Group 1: Solar Activity and Geomagnetic Storms - On January 19, 2026, at 2:09 AM Beijing time, sunspot 14341 erupted with an X1.9-class flare, the first of its kind in 2026 [2]. - Following the flare, geomagnetic storms began on January 20, 2026, at 2:00 AM, with reports of 6 hours of severe geomagnetic storms and 6 hours of moderate storms, which are still ongoing [2]. Group 2: Effects of Geomagnetic Storms - The geomagnetic storms have led to the appearance of stunning auroras in northern China, particularly in the Greater Khingan Range of Heilongjiang province [7]. - Geomagnetic storms can disrupt shortwave communication and navigation systems across most regions of China [8]. - The storms cause disturbances in the ionosphere, affecting ground communication and satellite signals, which may impact the accuracy of navigation satellite systems and the quality of mobile and satellite TV signals [10]. - Strong geomagnetic storms can increase current loads on power transmission systems, potentially damaging transformers and other grid facilities, leading to power outages [11]. Group 3: Impact on Daily Life - The impact of geomagnetic storms on public daily life and health is minimal, and no special precautions are necessary [12]. - However, strong geomagnetic activity may affect animal migration and navigation abilities, particularly for birds that rely on solar and geomagnetic navigation [12].

Core Viewpoint - The ongoing closure of credit card centers indicates a shift in the banking industry from extensive growth to refined operations, as banks adapt to changing market conditions and consumer behaviors [1][2][6]. Group 1: Industry Trends - Since 2025, over 60 credit card centers across the country have been closed, with significant closures reported by various banks, including Guangzhou Bank and China Transportation Bank [2][3]. - The decline in credit card issuance is evident, with the total number of credit cards dropping from 807 million in Q2 2022 to 707 million by Q3 2025, a decrease of approximately 100 million cards over three years [2]. Group 2: Operational Adjustments - The closure of local credit card centers is a necessary outcome of industry transformation, driven by the rise of online card applications and increased market saturation [3][4]. - Post-closure, banks typically integrate management functions into local branches, retaining only essential staff for customer service and account management, thereby reducing operational costs [3]. Group 3: Strategic Focus - Private domain operations are becoming a key strategy for banks to engage existing customers, utilizing platforms like WeChat and proprietary apps for efficient customer management [4][6]. - The focus on installment services is increasing, with banks like China Transportation Bank offering significant installment loans to enhance customer engagement and revenue [4]. Group 4: Future Outlook - The contraction of credit card centers signals a transition towards digitalization, ecological integration, and localized operations within the industry [6][7]. - Future strategies will prioritize refined operations, asset quality improvement, and enhanced service levels, moving away from reliance on a single profit model [7].

2026.01.20 本文字数：2619，阅读时长大约4分钟 作者 |第一财经 张丽华 年关将至。一边是自掏腰包勉强维系登录权限，一边是仅剩半个月的存续窗口期。承载着浙江华侨系40 亿元非法集资案关键证据的"侨行天下APP"，正站在彻底关停的悬崖边。半个月后若仍无法解决后台登 录账号失效问题，动态证据可能灭失。 2024年9月，浙江华侨系黄金理财产品暴雷，华侨系大卖黄金理财产品、集纳投资者资金的工具——"侨 行天下 APP"，由数千名投资者自掏腰包 "续命"已有一年多时间。 近日，有投资者代表告诉第一财经记者，侨行天下APP的后台登录账号，因对应的手机号欠费，再次面 临关停：若2月6日前无有效账户登录后台，云商将关停租赁服务。能够完整呈现的交易流程、参与方痕 迹等动态核心证据或将永久灭失，直接影响后续民事诉讼与责任认定的走向。 这场围绕APP存废的博弈，不仅关乎数千投资者的挽损希望，更折射出数字时代电子证据保全的核心命 题——刑事案件办理需同步考量民事维权证据需求，而电子程序的完整留存，正是 "两高一部"相关规 定的明确要求。 投资者两次凑钱给APP"续命"，新危机又接踵而至 "现在能登录都是大家一块一块凑出 ...

Core Insights - ByteDance's Doubao has partnered with Shanghai Pudong Art Museum to serve as the official AI guide for two international exhibitions, enhancing the visitor experience through interactive AI explanations [1][3] - The collaboration exemplifies the practical application of AI in everyday life, showcasing the "perception-reasoning-action" capabilities of multimodal models [1][6] Industry Trends - The integration of AI in museum settings allows users to engage with art through various dimensions, such as artistic style and historical context, creating a more immersive experience [3] - The Seed 1.8 model, launched by ByteDance, focuses on bridging perception, reasoning, and action, enabling complex task execution beyond mere information output [4][10] - Multimodal AI is seen as a critical step towards achieving AGI (Artificial General Intelligence), with industry experts predicting that 2025 will be a pivotal year for multimodal adaptation [6][10] Technical Challenges - Ensuring content accuracy in AI explanations is a significant challenge, particularly in distinguishing similar artifacts and maintaining recognition stability as viewers move [3][6] - The development of world models is essential for advancing multimodal capabilities, as they serve as the foundational technology for processing various information types [8][9] Future Directions - The industry is increasingly focused on understanding physical world laws through world models, which are expected to enhance AI's ability to interact with the physical environment [10][11] - There is a trend towards integrating multimodal understanding and generation, with models like Google's Gemini3 demonstrating advanced capabilities in image editing [11]

Core Insights - The article highlights the robust growth of the outlet retail sector in China, driven by changing consumer behavior and preferences for value and experience [2][3][10] Group 1: Market Performance - From July 2024 to June 2025, 205 quality outlet projects in China are expected to achieve sales of 180 billion yuan, a year-on-year increase of 8.9%, with nearly 900 million visitors, reflecting a 12.5% increase [2] - During the New Year holiday, the Shanghai Qingpu outlet achieved over 100 million yuan in sales over three days, a 106.2% year-on-year increase, with foot traffic reaching 259,000, up 64% [4] - In the third quarter of 2025, 108 operating outlet projects reported an average sales growth of 12% and a foot traffic increase of 15.4% compared to 2024 [5] Group 2: Consumer Trends - Consumers are increasingly favoring outlets for their value, with a shift towards rational consumption and a focus on price-performance ratio [2][8] - The Z generation is emerging as a significant consumer group, prioritizing high-quality products at competitive prices, with over 80% using social media to find discounts [8] - The trend of "shopping + leisure + vacation" is transforming outlets into lifestyle destinations, catering to diverse consumer needs beyond just shopping [9] Group 3: Industry Dynamics - The outlet sector is characterized by its resilience to economic cycles, attracting both lower-income consumers during good times and high-income consumers seeking discounts during downturns [3][10] - Major players in the industry are expanding their presence, with new projects launched in cities like Wuhan and Chengdu, and established developers entering the outlet space [5][6] - The integration of experiential retail elements, such as dining and entertainment, is becoming a key strategy for outlets to enhance customer engagement and foot traffic [9][10]

Group 1 - The tea set brand "Jianshan Shao" announced a 30-day suspension of live sales to enhance product quality and customer experience due to unexpectedly high sales [2] - "Jianshan Shao" is associated with Jingdezhen Jianshan Shao Ceramics Co., Ltd., established in April 2016, with a registered capital of 1 million RMB [4] - The company has successfully registered trademarks including "Pin Jian Chu Xin," "Ci Chuan Qi Wu," and "Xian Fan," covering categories such as fitness equipment and kitchen cleaning supplies [4] Group 2 - In the past week, Li Yapeng gained 1.329 million followers, with over 460,000 new followers on January 19 alone, ranking first in follower growth [4] - Li Yapeng's live stream on January 17 generated sales between 10 million to 25 million RMB, with a sales volume of 1 million to 2.5 million RMB, marking the highest sales in the past 30 days [7] - As of January 20, over 340,000 individuals donated more than 23 million RMB to the Beijing Yanran Angel Children's Hospital through Li Yapeng's donation channel [7]

2026.01.20 作者 |第一财经 刘晓颖 过去一年里，国际金价大涨超过六成，国内黄金价格也随之创下新高。同期，一路高歌猛进的金价拉动 了国内金银珠宝零售额的增长。 根据国家统计局1月19日公布的数据，2025年限额以上单位金银珠宝类零售额为3736亿元，增长 12.8%。 | | 12月 | | 1-12月 | | | --- | --- | --- | --- | --- | | 指 标 | 绝对量 | 同比增长 | 绝对量 | 同比增长 | | | (亿元) | (%) | (亿元) | (%) | | 社会消费品零售总额 | 45136 | 0.9 | 501202 | 3.7 | | 其中:除汽车以外的消费品零售额 | 39654 | 1.7 | 451413 | 4.4 | | 其中:限额以上单位消费品零售额 | 19547 | -1.9 | 201618 | 3.3 | | 其中:实物商品网上零售额 | . | | 130923 | 5.2 | | 按经营地分 | | | | | | 城镇 | 38429 | 0.7 | 432972 | 3.6 | | 乡村 | 6707 | 1.7 | ...

前一个交易日，德国四大车企均跳空低开，梅赛德斯-奔驰、宝马集团、大众汽车、保时捷股价收盘分 别下跌2.18%、3.43%、2.27%、2.68%。 消息面上，据新华社报道，美国总统特朗普17日在社交媒体上发文，宣布2月1日起对丹麦、挪威、瑞 典、法国、德国、英国、荷兰和芬兰等反对美国得到格陵兰岛的欧洲国家加征10%的关税。 记者｜肖逸思、莫一格 编辑｜钉钉 当地时间1月20日，德国DAX指数开盘持续走低，德国四大车企股价集体下跌，截至当日上午10点50 分，保时捷、大众汽车、梅赛德斯-奔驰均跌超1%，宝马跌0.75%。 ...

Market Overview - Major US tech stocks experienced a decline in pre-market trading, with Oracle falling over 4% to $184.71, representing a drop of 3.34% [3] - Other tech giants such as Amazon, Google, Tesla, AMD, Meta, and NVIDIA also saw declines, with drops exceeding 2% for most [4] Stock Performance - Oracle's stock price was reported at $191.09 with a market capitalization of $549 billion and a P/E ratio of 35.6 [1] - Amazon's pre-market price was $231.99, reflecting a decrease of 2.98% [2] - Google's stock was at $319.52, down 3.18% in pre-market trading [2] - Tesla's pre-market price was $426.44, showing a decline of 2.53% [4] - Meta's stock price fell to $603.92, down 2.63% [4] - AMD's pre-market price was $225.75, down 2.62% [4] - NVIDIA's stock was reported at $181.44, reflecting a decrease of 2.57% [4] Futures Market - US stock index futures continued to decline, with the Dow futures down 0.90%, S&P 500 futures down 0.91%, and Nasdaq futures down 1.09% [4][5] Commodity Market - Gold and silver prices reached new historical highs, with spot gold rising 1.21% to $4725.686 per ounce and silver up 0.76% to $95.074 per ounce [5]

Group 1 - The core viewpoint of the article is that the Snowball platform has initiated a crackdown on accounts involved in capital market violations, resulting in the permanent banning of 22 accounts in one day [2][3][4] - The platform's focus is on four types of violations: excessive speculation, illegal securities investment consulting, organized illegal operations, and spreading false information [4][5] - Regulatory scrutiny on online platforms for stock recommendations and excessive speculation is intensifying, as evidenced by recent actions taken against specific individuals [5][6] Group 2 - The first batch of banned accounts included "Hangzhou Xincheng Road," "Lunhui 666," and "Fulu Wa Grandpa," among others [2] - The second batch included eight accounts such as "Buddhist Mei Zuo Shou" and "Wuhan Liu Qingzheng" [3] - The third batch involved 11 accounts, including "Crazy Shuo Ha Ge" and "Fortune to Buy a House" [4]