Core Viewpoint - The article emphasizes that the combination of the global wave and the artificial intelligence revolution presents significant opportunities for Chinese entrepreneurs, marking a new era of "AI+ going global" as a crucial theme for the future [3][5]. Group 1: AI and Global Expansion - The popularity of generative AI in China surpassed 35% in early 2024, indicating a significant breakthrough in AI technology adoption [3]. - The emergence of humanoid robots during the Spring Festival has brought attention to embodied intelligence, which is expected to become a trillion-dollar industry in China, succeeding the electric vehicle sector [3]. - The demand for cloud services has surged as Chinese companies increasingly view international expansion as a necessity rather than an option, with Alibaba Cloud projected to surpass AWS in growth index by 2025 [5]. Group 2: Stages of Chinese Companies Going Global - Chinese companies have undergone four waves of international expansion, with the current phase being characterized as "full-factor going global," where companies are not just exporting products but also relocating equipment, technology, talent, and capital [11][14]. - The first wave in the mid-1990s involved component manufacturers, followed by the second wave in the late 1990s with "Made in China" products. The third wave in the mid-2010s was marked by the rise of cross-border e-commerce [12][13]. - The current fourth wave sees AI companies inherently designed for global markets, diverging from previous models of internationalization [15]. Group 3: New Challenges for AI Companies - AI companies face unique challenges in their global expansion, as their initial setup is already geared towards international markets, unlike previous generations of companies [15]. - New entrepreneurs are leveraging AI technology to create products aimed at global markets from the outset, with companies like MiniMax achieving rapid success in overseas markets [16][18]. - Established companies like Meitu are also accelerating their international presence, with significant user growth driven by AI features [21][22]. Group 4: Complexities of Global Operations - Companies expanding internationally must navigate a complex landscape characterized by geopolitical tensions and a shift towards a multi-core world, which complicates standardization and compliance [28][29]. - The operational challenges include adapting to diverse regulatory environments and cultural differences across regions, necessitating flexible and adaptive strategies [30][35]. - AI companies require robust cloud infrastructure to support their global operations, with a focus on seamless deployment and compliance with local regulations [36][38]. Group 5: Role of Cloud Services - Alibaba Cloud has emerged as a leading choice for over 80% of Chinese companies going global, providing standardized global technology architecture and support [42]. - The company is investing significantly in AI infrastructure, with plans to establish data centers in multiple countries to support international operations [44]. - The future of cloud services will be critical for AI companies as they seek to establish a competitive edge in global markets, with a focus on operational efficiency and technological support [45][50].

点击图片▲立即购买 央行开展3114亿元7天逆回购 2月10日，央行开展3114亿元7天逆回购操作，当日有1055亿元7天期逆回购到期，实现净投放2059亿元，操作利率为1.40%，与此前持平。据市 场测算，春节居民取现叠加本周6个月买断式逆回购资金到期5000亿元，春节前资金缺口或在2.2万亿元以上。 为了提前应对春节前夕对流动性的影响，央行在2月5日、2月6日分别投放3000亿元跨春节假期的14天期逆回购。截至2月6日，3M、6M和1Y AAA级同业存单利率已分别较2025年12月的高点下行了5bp、6bp和8bp。中金公司近期的一项调研显示，多数投资者预计今年央行或下调7天逆 回购利率10—20bp。（综合第一财经） ｜点评｜ 今年春节假期时间长达9天，居民返乡、取现需求或将有所增加，使得节前的资金缺口较往年更大。央行呵护市场流动性的态度明确， 已提前开始向市场投放增量流动性，短期利率市场波动不大，春节前流动性紧张的时期有望平稳度过。 根据央行近期对于货币政策的表述看，今年央行降息降准政策有望加速落地。目前，国内经济修复进程仍面临不小的挑战。1月中国制造业PMI 回落至收缩区间，去年出口的高增速或将难以 ...

立即点击 ▲ 观看视频 文 / 卓立（微信公众号：吴晓波频道） 在马来西亚开一家中国超市，难吗？ 但真正坐 下来听Mandy把整 个 过程从头到尾 讲完，你 会发 现， 困难并不集中在 某一 个" 致命 点"，而是分散在无数细小却持续消耗人的环节里：近四千万人民币的准入门槛、长达一年的筹 备周期、一次次被推翻的选品判断，以及那些在国内行之有效、在当地却引发误解的营销方 式。 在与Mandy的交谈中，我发现她并不是那种一开始就笃定自己"要做成一件大事"的创业者，更 像是随着自己的节奏不紧不慢行走的体验者。 这次对话，我们试图把视角放低，不去讨论"出海是不是风口"，而是回到一线经营本身：规 则、文化、风险，以及人在异地市场里如何不断修正自己。 如果你关心的是出海的真实难度，这或许是一段值得慢慢读完的对话。 1 近四千万人民币的 开店资金门槛 卓立： 你们开这个店一共投了多少钱？ Mandy： 我们的这个超市是百分百外国人持股。你开到1000平以上，它要求注资1000万马 币。我们超过3000平，注资要求是2500万马币。 卓立： 2500万马币，接近4000万人民币。 Mandy： 它不要求你全部用完，但要求你向 ...

Core Viewpoint - The article posits that the upcoming Spring Festival marks a pivotal moment for AI applications in China, indicating the beginning of a new era for AI integration into daily life and business practices [2][20]. Group 1: AI Application and Market Dynamics - Major tech companies are heavily investing in AI-related activities during the Spring Festival, with Tencent, Alibaba, and ByteDance launching various initiatives to attract user engagement, including significant red envelope campaigns totaling over 50 billion [4][10]. - The competition among these companies is not just about user engagement but also about leveraging AI capabilities to enhance their respective platforms, with a focus on integrating AI into social, entertainment, and e-commerce sectors [8][26]. - The article highlights the intense preparations by both large and small AI firms to capitalize on the increased traffic during the holiday, with many companies already in a state of readiness weeks in advance [17][18]. Group 2: Workforce and Operational Challenges - AI professionals are facing significant pressure during this period, with many required to work through the holiday to ensure system stability and performance amid high user demand [14][17]. - The article notes that the operational strain is not limited to major firms; smaller AI companies are also feeling the heat as they compete for resources and market share during this critical time [19][39]. - The demand for GPU resources is escalating, leading to a scramble among companies to secure necessary computing power, which is crucial for maintaining service quality during peak usage [18][32]. Group 3: Future Implications and Trends - The article suggests that the Spring Festival will serve as a significant testing ground for AI applications, potentially leading to transformative changes in how AI is utilized in consumer-facing scenarios [24][26]. - It anticipates that by 2025, the user base for generative AI in China will reach approximately 602 million, indicating a growing acceptance and integration of AI technologies in everyday life [27]. - The competitive landscape is expected to evolve, with established players likely dominating the market, while smaller firms may struggle to find their footing amidst the heightened competition [38][39].

Group 1: Fiscal Revenue Insights - In 2025, Guangdong's fiscal revenue is expected to approach 1.4 trillion yuan, maintaining the top position for 35 consecutive years, while Jiangsu's revenue surpasses 1 trillion yuan, ranking second nationally [2] - The overall growth of local fiscal revenue in China is 2.4% compared to the previous year, with regions like Tibet, Jilin, and Xinjiang showing double-digit growth rates [2][3] - The fiscal revenue growth reflects the resilience of economic development despite challenges such as insufficient domestic demand and ongoing adjustments in the real estate market [3] Group 2: Virtual Currency Regulation - The People's Bank of China, along with eight departments, has issued strict regulations on virtual currencies, declaring related activities as illegal financial activities and prohibiting the issuance of stablecoins linked to the yuan abroad [4] - A significant incident occurred in South Korea where a trading platform mistakenly distributed over $44 billion worth of Bitcoin, highlighting the risks associated with virtual currencies [4][5] - The regulatory stance from China indicates a commitment to maintaining financial stability while recognizing the need for balanced development and oversight of the virtual currency industry [5] Group 3: Semiconductor Market Forecast - The global semiconductor sales are projected to reach $791.7 billion in 2025, with a growth rate of 25.6% from 2024, and expected to approach $1 trillion by 2026 [8] - The fastest-growing segment within the semiconductor market is logic chips produced by companies like Nvidia and Intel, with a projected sales increase of 39.9% in 2025 [8] - The demand for semiconductors is being driven by strong growth in AI and data center sectors, indicating a shift in the traditional market cycles [8][9] Group 4: Solar Industry Developments - Aixin Co. and TCL Zhonghuan have signed a patent licensing agreement worth 1.65 billion yuan, marking the highest record for patent licensing fees in China's solar industry [10] - The agreement comes after a series of patent disputes, indicating a trend towards resolving conflicts through financial settlements rather than prolonged litigation [10][11] Group 5: AI Video Generation Technology - ByteDance has launched a new AI video generation model, Seedance 2.0, capable of creating high-quality videos from text or images in under 60 seconds [12] - The model significantly enhances the usability of AI-generated videos, addressing previous limitations in handling complex scenes and maintaining consistency [12][13] Group 6: SpaceX's Strategic Shift - SpaceX has shifted its focus from Mars to building a self-sustaining city on the Moon, aiming to achieve this goal within the next decade [14] - This strategic pivot aligns with NASA's plans for lunar exploration and reflects a pragmatic approach to securing funding and demonstrating viability in space projects [14][15] Group 7: Stock Market Performance - On February 9, the stock market saw significant gains, with the Shanghai Composite Index rising over 1% and the Shenzhen Component Index increasing by over 2% [16] - The market's performance was driven by strong interest in AI applications, chemical sectors, and solar concepts, indicating a recovery in investor sentiment [16][17]

一是综合成本低。 对制造业而言，"人"与"地"是成本的核心。柬埔寨在这两方面仍保持着相对周边国家的显著优势。 | 国家 | 最低月工资(美元) | 工业用地价格(美元/m²) | 电力成本(美元/千瓦时) | | --- | --- | --- | --- | | 柬埔寨 | 208 (2025年制衣业正式员工) | 45-180 (工业园区内) | 0.137(专线直供) | | | 210 (2026年最新标准) | 30-50 (偏远地区) | 0.15-0.35(园区转供) | | 越南 | 250-350 (2025年) | 133-189 (北部工业区) | 0.08-0.11 (工业用电) | | | 265-375 (2026年最新调整) | 179 (南部工业区) | | | 泰国 | 300-400(曼谷及周边) | 较高(曼谷及EEC区域约 | 0.07-0.15(工业用电. 高峰约0.13美元,低谷约 | | | | 15.000-30.000泰铢/m2. | | | | | 约420-840美元/m2) | 0.07美元) | 加入联盟会员▲免费领出海报告 文 / 巴九灵（微信公众号 ...

点击按钮▲立即预约 " 节前 5 个交易日胜率仅 33% ， 10 个交易日胜率 25% ，而节后胜率高达 100% 。 " 文 /巴九灵（微信公众号：吴晓波频道） 各位，多久没有在牛市里过春节了？ 打开行情软件，上一次经历"牛市+春节"的，还是在2015年，再上一次，就要追溯到2007年，是实打实的"十年一遇"。 考虑到如今的投资者里，有不少是95后、00后萌新，对他们而言，"牛市春节"显然是个陌生事物。 据 上交所最新的数据 ： 2026 年 1 月 A 股新开户 491.58 万户 ，环比增长 89% ，同比和去年 1 月份的 157 万户相比，同比增长 213%——存款 搬家，新人入场，热闹的行情也到了个科普的节点：牛市怎么过春节？ 今天的文章，我们就结合当前的一些机构判断，以及需要注意的交易常识，为大家接下来的决定做个参考。 在此之前，不妨先做个也能成为参考的调查：无论是炒股还是买基金等，这个春节，各位是准备"持股过节""空仓过节""半仓过节"? 需要了解的"规则差" 对投资们来说，未来一周，不仅是辞旧迎新，更是迎来了一个决定时刻。 原因首先在于"规则"，据沪深北三大交易所发布的公告，2月14日 （ ...

点击按钮▲立即预约 " 软法工具之 ' 软 ' ，并非仅指向形式上的非正式性，而更在于其核心内涵的尊重与宽容。 " 文 /巴九灵（微信公众号：吴晓波频道） 在商场逛了大半天，刘彦的烟瘾悄悄犯了，看着墙上"禁止吸烟"的提示牌一块比一块醒目，他熟门熟路地想起了那个"灰色地带"——男厕所。 可刚走到门口，他的脚步一下刹住了，一块牌子醒目地贴在门上："吸烟将使玻璃变透明！可别没忍住，被拍变成网红了！" 图源：小红书 被这行字拦下来的，不止刘彦一个人。前段时间，深圳罗湖商场里这扇特殊的男厕所门被网友拍下传到网上，很快登上了热搜。 据报道，这座商场经常收到顾客投诉有人在卫生间吸烟，但保洁人员口头劝阻效果甚微，一直缺乏有效的制止手段。去年8月，商场启用新装置， 一旦卫生间的烟感报警器检测到烟雾，门上的玻璃便会自动通电，随即切换为透明模式。 对此，网友们议论纷纷，有人称赞这是"用魔法打败魔法"，成本低效果好；有人提出直接加装喷淋系统，一劳永逸；也有人担忧，这样的设计是否 存在隐私问题。 不论评价如何，这扇门的出现，本身就是一次对治理二手烟的有趣探索，这背后，其实有一个新名词——软法。 软法 所谓软法（Soft Law），就是 ...

点击按钮▲ 预约直播 文 / 巴九灵（微信公众号：吴晓波频道） "AI硬件的未来铁定在中国。" 这是吴老师最近发出的感慨。 从CES到阿里云的智能硬件展，他观察到，展会上最热闹的且中国企业扎堆的消费电子产品，是AI眼镜的展台。AI浪潮席卷全球，智能设备层 出不穷的背景下，吴老师认为AI眼镜或将成为一个现象级的智能硬件赛道。 2月9日18:00在吴晓波频道直播间，吴老师将邀请影目科技创始人杨龙昇 进行一场关于AI眼镜、创业坚守与中国硬科技底气的深度对话。 在吴老师看来，中国厂商的创新活力，让他看到了"群狼效应"背后的产业底气。 制造AI眼镜所需的摄像头、显示和光学模组、芯片、电池、镜架等零部件，除高规格产品对先进芯片有一定依赖之外，其余已完全可以实现国 产化。 他认为，如同智能手机和智能汽车一样，在未来的AI眼镜战场上，美国有两到三个品牌领跑，其余份额被中国公司瓜分。 与此同时，借由AI眼镜的发展，为我们提供了一个洞察和理解中国制造的新窗口：如何在高精尖硬件领域，完成从"零件组装"到"系统集成"的 自主进化。 这场直播将如何展开？ 双重演讲 预见产业进化的刻度 ◎ 吴晓波：《一副眼镜的进化》 吴老师将结合他在C ...

" AI 眼镜将成为一个现象级的智能硬件赛道。 " 文 / 吴晓波（微信公众号：吴晓波频道） 杨龙昇是个90后，2009年考进大连理工大学，读的是金融。这是个不安生的小爷，进了校园就开始野，开酒吧，办青年旅舍，还跑到丽江当了三 个月的驻唱歌手，他半开玩笑地对我说，"我当年干的事儿，好像都跟找女朋友有关。" 年轻时，杨龙昇开酒吧、办青旅 杨龙昇与吴老师 杨龙昇对智能眼镜感了兴趣，还是跟找女朋友有关。 就在毕业前一年，他在网上看盗版英剧《黑镜》（Black Mirror）。那是一部神剧，后来很多黑科技和智能应用都在那里"预演"过。有一集，男主 角戴了一副"智能眼"，能够记录和回放视觉记忆。 "这也太酷了。"他对我回忆说，"我想着如果真能弄出来，戴上后，能识别出眼前的姑娘是不是单身。" 事实上，就在《黑镜》上映的2012年，美国的帕尔默·拉奇在众筹网站上推出了全球第一款VR（虚拟现实）头戴显示器OculusRift，这是智能眼镜 的鼻祖。拉奇那年20岁，比杨龙昇还小了2岁。 《黑镜》第一季里的智能眼 读到大二的时候，杨龙昇发现自己喜欢的其实是计算机。后来的两年多，他就泡在计算机学院，白天蹭课，晚上熬夜写代码。 那几 ...