1月26日晚，紫金矿业公告称，公司控股的紫金黄金国际有限公司（以下简称"紫金黄金国 际"，公司持有其85%股权）与Allied Gold Corporation（以下简称"联合黄金"）签署 《安排协议》，紫金黄金国际拟以44加元/股的现金价格，收购联合黄金全部已发行的普通 股，收购对价共计约55亿加元，约合人民币280亿元。 值得注意的是，公告当日，紫金矿业股价盘中创出历史新高，收盘总市值重回万亿元。 公告显示，以联合黄金在多伦多证券交易所的股价为测算基础，本次收购价格较协议签署前 1个交易日（2026年1月23日）收盘价41.75加元/股溢价约5.39%，较协议签署前20个交 易日的加权平均交易价格36.99加元/股溢价约18.95%。 紫金矿业表示，本次收购价格基于对联合黄金旗下资产的充分尽职调查，综合考虑联合黄金 当前股价、市场估值和发展前景，并参考全球同行业可比收购交易价格，经多番谨慎评估及 交易双方充分协商后确定。 据悉，联合黄金是一家总部位于加拿大的黄金矿业公司，于2023年9月在多伦多证券交易 所上市，2025年6月在纽约证券交易所上市，证券代码为AAUC。 联合黄金核心资产包括 在产的马里Sa ...

Core Viewpoint - The article discusses the evolution of the capital market's pricing logic for Chinese tech assets, particularly focusing on Alibaba's advancements in AI technology and its implications for market perception and valuation [6][7][13]. Group 1: AI Model Advancements - The release of Qwen3-Max-Thinking marks a significant breakthrough, outperforming global models like GPT-5.2 and Gemini 3 Pro in various evaluations, indicating a leap in performance for domestic AI models [8][10]. - The model's innovative "Test-time Scaling" mechanism allows for more efficient reasoning and self-iteration, enhancing its ability to produce intelligent results [9][19]. - Qwen3-Max-Thinking's capabilities include native agent abilities, enabling it to autonomously utilize tools and adjust its actions based on feedback, which enhances reliability for enterprise applications [20]. Group 2: Market Dynamics and Revaluation - The initial market reaction to Chinese AI advancements was characterized as "emotional repair," with investors hesitant to fully embrace the potential for leadership in AI [7][13]. - As technological gaps close, the revaluation of Alibaba's AI capabilities is becoming a matter of "when" rather than "if" [13]. - The shift from a focus on computational power to intelligent reasoning represents a new growth curve for the AI industry, necessitated by the limitations of previous scaling methods [15][17]. Group 3: Open Source and Global Positioning - The Qwen series has established dominance in the open-source AI ecosystem, surpassing Meta's Llama series with over 200,000 derivative models and 1 billion downloads [22][23]. - China's share of global open-source AI model adoption has risen to 17.1%, overtaking the U.S. for the first time, reflecting a significant shift in the geopolitical landscape of AI [25]. - Notably, even Silicon Valley companies are adopting techniques from Qwen, indicating its competitive edge in specific capabilities [26][27]. Group 4: Comprehensive AI Strategy - Alibaba is uniquely positioned as one of the few companies globally with a complete stack of AI capabilities, integrating computing power, model development, and application [31]. - The company has made significant investments in hardware and infrastructure, with plans to allocate over 380 billion yuan for cloud and AI hardware over the next three years [34]. - The Qwen APP has demonstrated commercial potential by evolving from a simple chatbot to a comprehensive AI capable of executing complex tasks, thus expanding the monetization opportunities in AI [34].

文 |《BUG》栏目 刘丽丽 星巴克 CEO 被曝薪酬缩水 6500 万美元（折合人民币约 4.5 亿元）。星巴克近日提交的 备案文件显示，公司 CEO 布莱恩·尼科尔 2025 财年总薪酬为 3100 万美元，而 2024 财 年其总薪酬为 9600 万美元。其薪酬大幅缩水和公司股价下跌导致绩效奖金落空有关。 资本市场对星巴克的态度在变。而随着连锁咖啡市场进入"战国时代"，星巴克在中国市场 的份额已从 42% 跌至 14% 。中国消费者在离开星巴克。据多位消费者反映，遭遇店员推 销，大大影响消费感受，甚至目睹疑似赶人的推销。《 BUG 》栏目就此询问北京某星巴克 门店，店员坦言，这种推销的任务一直都有。 而星巴克一直标榜的区别于其他本土咖啡品牌的"第三空间"属性，也在变味，被批评"店里 环境跟菜市场一样"，"椅子坐 10 分钟就开始腰酸背痛"。而星巴克招聘兼职员工的数量在 提升，有门店店员表示，全职员工已多年不招聘。 60% 的股权出售后，星巴克在中国市场会有新的转机吗？分析人士认为，高层减薪、基层 减员，只是最基本的降本增效。"星巴克无论是在中国或全球，成也定位、败也定位，要大 改。" 星巴克员工在推销 ...

1月27日，山西省太原市国资委发布情况通报：近日，有媒体反映太原酒厂董事长涉嫌殴打 他人并被行政拘留的情况。太原酒厂系我委监管企业，我委对此高度重视，已第一时间组织 相关部门召开专题会议，并同步启动核查。经初步核查，该企业负责人荣某锋确因企业货款 纠纷与他人发生冲突，其间存在殴打他人行为。依据相关法律法规及纪律规定，现作出如下 处理意见：一、对涉事企业负责人荣某锋停职检查，后续将根据调查结果，依规依纪依法严 肃追责问责；二、立即责成驻委纪检监察组会同公安部门开展专项调查；三、派出工作组进 驻企业，协助稳定生产经营秩序，确保各项工作安全平稳运行。 近日,有媒体反映太原酒厂董事长涉嫌殴打他人 并被行政拘留的情况。太原酒厂系我委监管企业,我 委对此高度重视,已第一时间组织相关部门召开专题 会议,并同步启动核查。经初步核查,该企业负责人 荣某锋确因企业货款纠纷与他人发生冲突,期间存在 殴打他人行为。 来源： 新黄河客户端 记者刘钊、太原国资 更多财经视频，请关注视频号"新浪财经" 三、派出工作组进驻企业,协助稳定生产经营秩 序,确保各项工作安全平稳运行。 今后,我们将进一步加强国企领导人员日常教育 管理。衷心感谢媒体 ...

内部员工称，这是彭仕兵首次在内部群就欠薪问题正面回应全体在职员工。 如今，幸福航空的债务已超过 50 亿元，还不包含内部拖欠的员工工资。 自 2025 年 4 月 27 日停摆，幸福航空欠薪问题至今没有解决，寻找和洽谈新的战略投资者也没有眉目。 很多幸福航空员工只能靠兼职生存。他们中有人跑滴滴、送外卖，还有人去演短剧，有人因 拖欠社保无法退休，甚至还有人离婚…… 文 |《BUG》栏目 刘丽丽 在幸福航空停摆 255 天后，大批员工的欠薪问题似乎迎来了新的曙光。 《 BUG 》栏目从消息人士处获悉，幸福航空党委书记、执行董事彭仕兵近日在内部工作群 中表示，"最近一个星期我和工作组全体成员每天加班至深夜，有时通宵，正全力以赴核算 五险一金和部分工资额度，工作量巨大，已完成阶段性任务。我们力争春节前解决所有员工 （包括离职员工）五险一金和部分工资问题，请大家静心等待，随时配合好这次核算工 作！" 同时他用了三个惊叹号："也请大家把正能量刷起来，给我一点力量！给我一点信心！也给 我一点信任！" "离婚的员工都变多了" "欠我的公积金加工资、小时费大概四十多万，算中等水平，更多的比如飞波音的有几个机 长，他们可能欠薪有 ...

2026年伊始，全球金融市场见证了一项历史性纪录的诞生，现货黄金首次突破5100美元/盎司！ 值得注意的是，过去一周，美元迎来2025年6月以来表现最差的一周，美元指数大跌近2%；黄金则斩 获近6年最佳单周表现，涨幅达8.4%，白银涨幅更是达到14.4%。此前美元指数在2025年已大跌 9.5%，创下2017年以来最大年度跌幅，目前仍无止跌迹象。 格陵兰岛危机引发欧洲市场对美国资产的政治风险担忧，进而推动美元指数大幅下跌。据德国媒体近 日报道，有德国议员呼吁联邦政府撤回存放于美国的黄金储备。该议员表示，当前全球不确定性加 剧、美国政策难以预测，德国将约37%的黄金储备存放在纽约的做法，已不再具备合理性。 数十年来，德国在美国纽约市曼哈顿地区的美国联邦储备银行保险库内存了1200多吨黄金储备，按照 当前价格总值上千亿欧元。目前，德国所持黄金中，约一半存在本国金融中心法兰克福的金库，另有 13%存在英国伦敦。 回顾历史，1967年法国中央银行决定，把自己手里的英镑和美元全部兑换成黄金，以抵制美国大肆发 行美元，法国的行为引起欧洲许多国家的仿效，引发了美元危机。4年后的1971年8月，美国总统尼克 松宣布停止承担美 ...

Core Viewpoint - The recent promotional event by Big Pizza for sanitation workers, offering a self-service meal for 49.99 yuan, has sparked controversy and criticism on social media, with many perceiving it as insincere marketing rather than genuine support for the workers [6][7]. Pricing Strategy - The original price of the "sanitation worker meal" was quickly adjusted from 49.99 yuan to 9.99 yuan on the day of the event, indicating a lack of clarity in the pricing strategy [5][7]. - The promotional price was initially set against a market reference price of 79.99 yuan, raising questions about its affordability for the target demographic [6]. Customer Engagement and Brand Image - Despite the promotional efforts, no sanitation workers were observed dining at the restaurants during the event, suggesting a disconnect between the marketing initiative and its intended audience [7]. - The founder, Zhao Zhiqiang, has actively engaged with consumers on social media, building a relatable brand image, but the effectiveness of this strategy is questioned in light of the recent backlash [10]. Financial Performance - Big Pizza's revenue has shown significant growth, with figures of 944 million yuan in 2023, 1.147 billion yuan in 2024, and 1.389 billion yuan in the first nine months of 2025 [12]. - However, net profit has fluctuated, with a decline in 2024 to 41.74 million yuan, and a recovery to 51.65 million yuan in 2025, resulting in a net profit margin decrease from 5% in 2023 to 3.7% in 2025 [12]. Marketing Expenditure - The company's marketing expenses have increased from 7.723 million yuan in 2023 to 11.008 million yuan in 2024, and further to 12.369 million yuan in the first three quarters of 2025, indicating a commitment to aggressive marketing strategies [9]. Expansion Plans and Financial Health - Big Pizza has been rapidly expanding, increasing its store count from 210 at the end of 2023 to 342 by September 2025, with plans to open an additional 610 to 790 stores over the next three years [14]. - Despite this growth, the company faces high debt levels, with a debt-to-asset ratio of 93% as of September 2025, raising concerns about financial sustainability [14].

Group 1 - The recent outbreak of Nipah virus in West Bengal, India, has confirmed 5 cases, including healthcare workers, with nearly 100 individuals under home quarantine [2] - Symptoms of Nipah virus include fever, headache, drowsiness, confusion, and coma, with a mortality rate exceeding 40% [2] - The virus typically has an incubation period of 4 to 14 days, but can extend up to 45 days, and there is currently no specific vaccine or effective treatment available [2] Group 2 - The outbreak is linked to a patient with severe respiratory symptoms who died before testing positive for the Nipah virus, suggesting possible transmission from this individual to healthcare workers [2] - The local government is taking measures to control the spread of the virus, including requiring multiple zoos in West Bengal to test captive bats, which are known carriers of the virus [2] - Since 1998, countries such as Bangladesh, India, Malaysia, the Philippines, and Singapore have reported Nipah virus outbreaks, with India experiencing multiple incidents since 2001 [3]

2026年开年以来，国际现货白银价格开启"狂飙"模式。1月23日白银销售价达24.03元/克，累计涨幅超 37%，银价暴涨不仅快速传导至终端零售市场，更带动各类银制品回收价值大幅飙升。 这波行情让成都简阳市的王女士收获意外经历：2023年她花费6000余元购入的钻戒，如今回收价仅数 百元，而当时商家附赠的足银保温杯，经测算回收价值已近2000元。 2023年，王女士在简阳市本地珠宝店选购钻戒时，恰逢商家推出"消费满额赠足银保温杯"活动，她花 费6200元购入一枚钻戒后，免费获赠了一款足银制保温杯。"当时觉得就是个普通赠品，回家后一直 放在储物间，连包装都没拆过。"王女士回忆道。 近期银价暴涨的新闻让王女士想起了这只闲置的保温杯，她翻出杯子后特意到五金店称重，结果显示 杯身总重380克，去掉非银质的盖子和滤网后重256克，结合杯身标注的"足银999"标识，她估算纯银 内胆重量约70-80克。按照2026年1月23日足银22.5元/克的回收价计算，这只保温杯的回收价值已接近 2000元。 王女士购买钻石送的足银保温杯。 往期回顾 与之形成鲜明对比的是当年的消费商品——钻戒。王女士咨询多家珠宝回收店后得知，因这枚钻 ...

Group 1 - The core viewpoint of the article highlights the recent surge in gold prices, with spot gold nearing $5000 per ounce and domestic gold prices exceeding 1500 yuan per gram, reaching historical highs [2][3] - Several brands of gold jewelry have reported significant price increases, with some brands seeing daily price rises of over 50 yuan per gram [2][3] - The demand for bank safe deposit boxes has skyrocketed due to the rising value of gold and other high-value items, leading to a situation where many banks have completely rented out their safe deposit boxes [7][9] Group 2 - Major banks in Hangzhou have reported that all models of safe deposit boxes are fully rented out, with new customers needing to wait for existing customers to vacate boxes [7][8] - The rental process for safe deposit boxes includes identity verification and the provision of two keys for each renter, with annual rental fees varying based on box size [7][8] - The supply of safe deposit boxes has not kept pace with the increasing demand, leading to a backlog of customers waiting to rent boxes, with some banks halting new rentals altogether [8][9]