Core Viewpoint - The article highlights the regulatory actions taken by the Beijing Market Supervision Administration against misleading ticket purchasing services offered by various platforms during the Spring Festival travel rush, emphasizing the need for consumer protection and compliance with official ticketing rules [1][4][6]. Group 1: Regulatory Actions - The Beijing Market Supervision Administration organized administrative talks with 12 major platforms involved in online train ticket sales, addressing issues related to misleading promotional practices such as "accelerated packages" and "dual-channel" services [1][4]. - A specific case was highlighted where a platform falsely advertised its "ticket grabbing" service, which was actually just a referral to the official 12306 system's waiting list service [4][5]. Group 2: Misleading Services - Platforms claimed to offer "dual-channel ticket grabbing" that combined waiting list orders with monitoring services, but this was misleading as the official rules state that no tickets would be available for purchase if a waiting list order exists [4][5]. - The so-called "speed-up packages" offered by third-party platforms, which charged consumers between 10 to 50 yuan, did not actually expedite the ticket purchasing process, as tickets were already sold out [4][5]. Group 3: Compliance Requirements - The Beijing Market Supervision Administration outlined four compliance requirements for the platforms, including the need to eliminate misleading advertisements, ensure transparency in pricing, and avoid implying any special purchasing privileges through paid services [7][8]. - Platforms were instructed to conduct thorough checks of their business models and service processes to align with consumer protection standards and to avoid using official branding from the 12306 platform in a misleading manner [7].

记者丨肖夏 百威英博尚未披露全球业绩，但从其去年三季报和百威亚太的全年业绩来看，百威去年整体的业绩大概率仍处于下行区间。 酒卖不动，如今已不是单独一家企业的问题。面对这一局面持续，龙头正在纷纷采取换帅、裁员、降本、控预期等一系列举措。 喜力降本连环招：降速、裁员、关停 尽管在中国市场高歌猛进，喜力在全球整体依然面临着降速现实。 2月11日，喜力集团（Heineken）发布2025年全年业绩报告，按照IFRS口径全年业绩呈现"销售收入、运营利润、销量齐降"的局面——去年收 入同比下滑4.7%、其中净收入同比下滑3.6%，运营利润同比下滑3.2%，销量同比下滑1.2%。 编辑丨高梦阳 国际啤酒巨头正在陆续交底。 北京时间2月11日下午、2月12日早间，喜力集团、百威亚太先后披露了2025年的全年业绩，整体都呈现增速放缓、销量下行的趋势。 按照国际财务报告准则，喜力集团2025年实现净收入287.53亿欧元，净利润18.85亿欧元，连续两年同比下跌，销量也再次转为下滑。 为此， 喜力集团已经调低2026年的增长预期，并提出要节省4至5亿欧元的成本，具体举措包括裁员5000至6000人。 而百威亚太2025年实现收入 ...

Market Overview - The Shanghai Composite Index experienced a slight increase of 0.12%, while the Shenzhen Component Index rose by 0.81%, and the ChiNext Index increased by 1.18% as of the midday close on February 12 [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.34 trillion yuan, an increase of 30.5 billion yuan compared to the previous trading day, with over 2,700 stocks rising across the market [1] Sector Performance - The electric grid equipment sector saw significant gains, with companies like Siyi Electric and Sifang Co. reaching new highs, and stocks such as Wangbian Electric and Shun Sodium hitting the daily limit [5] - The liquid cooling server concept performed strongly, with stocks like Chuanrun Co., Dayuan Pump Industry, and Ningbo Jingda hitting the daily limit. The surge was driven by Nvidia's liquid cooling supplier, Vantage Technology, which reported better-than-expected earnings and guidance, leading to a 24% increase in its stock price [5] - The non-ferrous metals sector was active, with companies like Xianglu Tungsten and Zhangyuan Tungsten seeing consecutive gains. The China Minmetals Import and Export Chamber announced a conference on rare earth and rare metal export policies scheduled for March 25, 2026 [5] Notable Stocks - The CPO concept saw a resurgence, with Jingchen Co. rising over 12% and Tianfu Communication increasing over 10%, both reaching new historical highs [6] - In contrast, the film and cinema sector faced a collective decline, with stocks like Huanrui Century and Hengdian Film experiencing limit-downs [6] - The commercial aerospace concept stock, Jili Rigging, faced a limit-down after the company denied false media claims regarding its involvement in significant aerospace projects [6] - In the Hong Kong market, the Hang Seng Index and Hang Seng Tech Index both fell, with major tech stocks like NetEase and Meituan dropping over 3% [6] - The AI model company, Zhipu Technology, saw a surge of over 30% in its stock price, with a market capitalization exceeding 170 billion HKD following announcements of price increases and new product launches [6]

| < W | | | 美元兑人民币(CFETS) | | O | | --- | --- | --- | --- | --- | --- | | | | | USDCNY.IB | | | | 6.9018 | | 前收 | 6.9115 | 开盘 | 6.9083 | | -0.0097 | -0.14% | 卖品 | 6.9020 | 买入 | 6.9018 | | 最高 | 6.9088 | 今年来 | -1.25% | 20日 | -0.98% | | 最低 | 6.8998 | 10日 | -0.64% | 60日 | -2.96% | | 分时 | 五日 | 目K | 周K | | 更多 ◎ | | 叠加 | | | | | | | 6.9228 | | | | | 0.16% | | 6.9115 | | | | | 0.00% | | 9002 | | | | | -0.16% | | 9:30 | 13:45 | | 18:15 | 22:30 | 3:00 | | < W | 美元兑离岸人民币 | | | | O | | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - The article highlights the significant stock price increase of Zhipu, which surged over 70% within a week, driven by strong market demand for its GLM Coding Plan and the announcement of a price adjustment for its services [1][3]. Group 1: Stock Performance - On February 12, Zhipu's stock price rose by over 12%, reaching 345 HKD per share, with a market capitalization exceeding 150 billion HKD [1]. - The stock has shown a weekly increase of over 70%, indicating strong investor interest and confidence in the company's growth prospects [1]. Group 2: Price Adjustment Announcement - Zhipu announced a structural adjustment to the pricing of its GLM Coding Plan, effective February 12, 2026, due to strong market demand and increased user engagement [3][6]. - The adjustments include the cancellation of the first purchase discount while retaining quarterly and annual subscription discounts, with an overall price increase starting from 30% [6]. - Existing subscribers will not see a change in their pricing, ensuring customer retention amidst the adjustments [6]. Group 3: Product Development and IPO Progress - Zhipu officially released its new generation base model, GLM-5, marking a transition in programming capabilities from "writing code snippets" to "completing system engineering" [7]. - The company is progressing with its IPO plans, having submitted the third phase of its IPO guidance report to the China Securities Regulatory Commission, indicating ongoing efforts to list on the A-share market after its successful Hong Kong listing [7].

北京市市场监督管理局 近日组织 携程、去哪儿、飞猪、同程、美团、京东、航旅纵横、高铁管家、滴滴、高德地图、百度地图、腾讯地图等 12家涉及火车票网络销售业务的主流平台 ，重点围绕群众反映强烈的网络销售火车票突出问题召开行政约谈会。 文字、商标等宣传,让消费者误以 为平台与 12306 存在特定业务合 作; 下一步,北京市市场监督管理局 将持续加大监管执法力度,依法严厉 打击虚假抢票、诱导交易、价格欺诈 等违法行为。同时，欢迎广大群众加 强对第三方火车票网络销售平台服务 的监督,共同推动行业规范健康发 = 1< 1 ] 日 ， 小 中 小 小 】 | 一 > > | | | III III II · 四是认真做好明码标价,显著提醒 增值服务内容和价格, 及时整改因 增值服务提示不醒目导致火车票展 示价格和实际支付费用不一致问 题,切实保障消费者的知情权。 来源丨北京市场监管微信公众号 编辑丨刘雪莹 金珊 Deepseek、智谱、MiniMax，集体宣布上新 千问、蚂蚁阿福冲上苹果应用总榜前二 SFC 21君荐读 ...

公告称，闻泰科技注意到荷兰阿姆斯特丹企业法庭针对安世半导体案件做出最新裁决。企业法 庭并未撤销此前的错误决定，未能解除对安世半导体实施的临时措施，亦未能恢复闻泰科技作 为安世半导体股东的合法控制权。企业法庭同时裁定对安世半导体启动调查程序。公司对这一 裁决表示极为失望与强烈不满。 2月12日凌晨，闻泰科技发布关于荷兰企业法庭就安世半导体案件最新裁决的声明。 Wingtech has no fear of any fair, transparent and comprehensive investigation. On the contrary, we warmly welcome the genuine ascertainment of the truth, for the truth is Wingtech's most powerful weapon. We firmly believe that any objective, professional investigation free from geopolitical bias will ultimately lead to the only po ...

日债收益率全面下跌， 日本10年期国债收益率下跌4.5个基点至2.190%。 30年期日本国债收益率下跌7.5个基点，至3.420%。 2月12日，日韩股市高开，盘初均创历史新高。 其中，日经225指数 升破58000点 ，创纪录高位。热门个股方面，资生堂大涨15%，据其最新财报，资生堂全年核心营业利润预期超出市场预 期。 | W | | 日经225(N225) | | | | --- | --- | --- | --- | --- | | | | 02-12 09:32:51 | | | | 57884.04 | | 昨收 | 成交额 | 0 | | 233.50 0.41% | | 今开 57864.74 | 成交量 | 0 | | 上 涨 | 143 | 中 智 2 | 下 跌 | 80 | | 最高价 | 58004.72 | 市图率 23.2 | 近20日 | 6.52% | | 最低价 | 57703.88 | 市净率 2.62 | 今年来 | 14.99% | | 分时 | 五日 | 園K | 目K | 更名 ◎ | | 叠加 设均线 MA5:54648.72↑ 10:52661.71↑ 20: ...

记者丨金珊 见习记者林健民 编辑丨刘雪莹 2月12日，黄金白银开盘冲高后短线下挫，截至7:45，现货黄金跌0.37%，报5065.4美元/盎司，现货白银跌0.74%，报83.6美元/盎司，此前白 银跌幅一度扩大至1.2%。 | W | 伦敦金现 | | | | | | --- | --- | --- | --- | --- | --- | | | SPTAUUSDOZ.IDC | | | | | | 5065 440 FF | | 5084.123 | 总量 | | 0 | | -18.683 | -0.37% 开盘 | | 5085.979 现手 | | 0 | | 最高价 | 5100.210 持 仓 | | 0 外 盘 | | 0 | | 最低价 | 5052.080 增 仓 | | 0 内 盘 | | 0 | | 分时 | モ日 | 園K | 月K | 重多 | (0) | | 叠加 | | | 均价:0.000 | | | | 5116.166 | | | | 0.63% 卖一 5065.598 | | | | | | | 头一 5065.440 | | | | | | | 7:45 5064.60 ...

Market Overview - US stock indices opened higher after the latest non-farm payroll data but experienced a decline during the trading session, with the Dow Jones down 0.13%, S&P 500 nearly flat, and Nasdaq down 0.16% [1] - Major technology stocks showed mixed results, with Google and Microsoft dropping over 2%, while Nvidia and Tesla rose by 0.78% and 0.8% respectively [2] Technology Sector - The Philadelphia Semiconductor Index increased by 2.28%, with notable gains in stocks such as GlobalFoundries up over 16% and Micron Technology nearly 10% [2] - AI application software stocks faced significant declines, with Shopify dropping over 6% and Reddit down more than 7% [2][3] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 0.65%, with notable declines in stocks like Huya and JinkoSolar, both down over 5% [3] - However, Century Internet saw a rise of over 12%, and Kingsoft Cloud increased by approximately 10% [3] Commodity Markets - International gold prices rose over 1%, closing at $5083.7 per ounce, while silver prices increased by over 4% to $84.3 per ounce [3] - Crude oil prices also saw an uptick, with WTI crude futures up 1.05% to $64.63 per barrel and Brent crude futures up 0.87% to $69.40 per barrel [5] Economic Indicators - The US non-farm payroll report indicated an addition of 130,000 jobs in January, exceeding market expectations, which led traders to adjust their forecasts for the Federal Reserve's interest rate cuts [5] - The probability of a 25 basis point rate cut by March is currently at 5.9%, with a 94.1% chance of maintaining the current rate [5]