Core Insights - Major tech companies are launching aggressive marketing campaigns for AI applications during the upcoming Spring Festival, reminiscent of past strategies that successfully attracted users through cash giveaways [2][3][5] - Tencent, ByteDance, and Baidu are among the key players planning to distribute significant amounts of cash, with Tencent's WeChat expected to issue 1 billion yuan in red envelopes, aiming to replicate the success of previous years [2][3] - The competition for user acquisition during the Spring Festival is not merely a marketing tactic but a strategic move to secure a dominant position in the AI market [3][5] Group 1: AI Red Envelope War - Tencent's WeChat is set to launch a red envelope campaign with a total of 1 billion yuan, with individual users eligible for up to 10,000 yuan [2] - ByteDance's Doubao will partner with CCTV for the Spring Festival Gala, introducing various interactive features, including red envelopes [2] - Baidu's Wenxin will distribute a total of 500 million yuan in cash red envelopes from January 26 to March 12, also becoming the chief AI partner for the Beijing TV Spring Festival Gala [2][3] Group 2: Historical Context and Strategic Importance - The Spring Festival has historically been a critical battleground for internet products, with past successes like WeChat's red envelope feature leading to significant user growth [3][5] - The combination of the Spring Festival and the Spring Festival Gala has proven to be a powerful strategy for reshaping user habits and achieving exponential growth [5][7] - The competition during this period is seen as a pivotal moment for AI applications to gain traction and establish a user base [8][11] Group 3: Challenges and Opportunities for Smaller Companies - Smaller AI companies face challenges in competing with the financial might of larger firms during the Spring Festival, leading them to focus on enhancing their technology and user experience [13][14] - Companies like DeepSeek and Kimi are working on improving their models to create differentiated offerings, with DeepSeek expected to launch its next-generation AI model around the Spring Festival [13][14] - The influx of new users attracted by the major companies' red envelope campaigns may ultimately benefit the entire AI industry by increasing overall market demand [14][15]

Investment Rating - The report maintains an "Overweight" rating for the computer industry, expecting the industry index to outperform the market index by over 10% in the next six months [2][33]. Core Insights - The report highlights a competitive landscape in AI applications among major internet companies, with significant cash giveaways during the Spring Festival to attract users and enhance engagement with AI products. This marks a new phase in AI application competition, aiming for widespread adoption and commercialization [2][28]. - The computer industry index has shown a decline of 5.32% over the past two weeks, underperforming the CSI 300 index by 5.37 percentage points, ranking last among 31 sectors. However, it has increased by 9.08% in January, outperforming the CSI 300 index by 6.40 percentage points [10][20]. - The current price-to-earnings (PE) ratio for the SW computer sector stands at 59.79 times, placing it in the 96.66 percentile for the past five years and 91.70 percentile for the past ten years, indicating high valuation levels [20][22]. Summary by Sections Industry Performance Review - The SW computer sector has experienced a two-week decline of 5.32%, ranking 31st among 31 sectors. In January, it rose by 9.08%, outperforming the CSI 300 index by 6.40 percentage points [10][13]. Valuation Situation - As of January 29, 2026, the SW computer sector's PE TTM is 59.79 times, indicating a high valuation compared to historical data [20][22]. Industry News - Major announcements include Tencent's cash giveaway of 1 billion RMB for the Spring Festival, the launch of new AI models by Alibaba and ByteDance, and price increases for server CPUs by Intel and AMD due to high demand [22][24][25]. Company Announcements - Notable company forecasts include iFlytek expecting a net profit of 785 million to 950 million RMB for 2025, and SuperMap Software projecting a profit turnaround from a previous loss [25][26][27]. Weekly Insights - The report emphasizes the strategic moves by leading internet companies to capture AI traffic during the Spring Festival, suggesting a focus on investment opportunities related to AI applications and partnerships with leading firms [28][29].

Group 1: Market Overview - The Hong Kong stock market saw a net inflow of 32.22 billion HKD from northbound trading, with 20.39 billion HKD from Shanghai and 11.83 billion HKD from Shenzhen [1] - The most bought stocks included CSPC Pharmaceutical Group (01093), Xiaomi Group-W (01810), and the Tracker Fund of Hong Kong (02800) [1] Group 2: Notable Stock Transactions - CSPC Pharmaceutical Group (01093) received a net inflow of 9.36 billion HKD, following a strategic cooperation agreement with AstraZeneca for the development of innovative long-acting peptide drugs, potentially worth up to 18.5 billion USD [4] - The Tracker Fund of Hong Kong (02800) saw a net inflow of 5.89 billion HKD, with positive market sentiment driven by earnings recovery, improved liquidity, low valuations, and policy support [5] - Alibaba Group-W (09988) had a net inflow of 3.29 billion HKD, as it launched a high-end AI chip, enhancing its position in the AI technology sector [5] - Longi Green Energy Technology (06869) experienced a net inflow of 2.41 billion HKD, driven by strong demand for AI infrastructure and optical communication upgrades [5] Group 3: Stocks with Significant Net Outflows - Shandong Gold (01787) and Zijin Mining (02899) faced net outflows of 2.06 billion HKD and 6.35 billion HKD respectively, amid significant volatility in the precious metals market [7] - Semiconductor manufacturer SMIC (00981) saw a net outflow of 545.8 million HKD, with limited impact expected from the approval of H200 chips for the domestic market [7] - Xiaomi Group-W (01810) had a net inflow of 9.14 billion HKD, while China Mobile (00941) and CNOOC (00883) faced net outflows of 5.41 billion HKD and 5.25 billion HKD respectively [7]

智通财经APP获悉，2026年1月30日当天，阿里巴巴-W(09988)、中国海洋石油(00883)、腾讯控股 (00700)位居沪港通（南向）成交额前3位，成交额分别为34.18 亿元、28.39 亿元、23.45 亿元；阿里巴 巴-W(09988)、石药集团(01093)、腾讯控股(00700) 位居深港通（南向）成交额前3位，成交额分别为 20.88 亿元、16.03 亿元、15.27 亿元。 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 34.18 亿元 | +5.24 亿元 | | 中国海洋石油(00883) | 28.39 亿元 | -9.21 亿元 | | 腾讯控股(00700) | 23.45 亿元 | -4.21 亿元 | | 中国移动(00941) | 22.86 亿元 | -5.41 亿元 | | 中芯国际(00981) | 19.94 亿元 | +2.37 亿元 | | 紫金矿业(02899) | 19.83 亿元 | -2.69 亿元 | | 长飞光纤光缆(06869) | 18.55 亿元 | +1.76 ...

1月30日，腾讯"青云奖学金"颁奖典礼在深圳举行。作为腾讯支持青年人才和科学研究的项目，"青云奖学金"首期评选出15位获 奖者，并为每位获奖者提供总价值50万元的激励，包括20万元现金和价值30万元的云异构算力资源。 "我们希望青年研究者敢于探索未知、富有创新精神，追逐那些大胆的、前沿的、具有长远影响力的科研方向，共同探索更广阔的科技前沿。"腾讯集团高 级副总裁、首席人才官奚丹说。 "确实会有一些同学会选择腾讯实习，或者说未来能够在腾讯就业，这也是我们欢迎的。它相当于是一个自由选择的过程，后续一旦这些同学选择来腾 讯，我们也会为他去匹配，他能够去发挥作用的战场，同时能够去为他提供各种各样的支持，这也是腾讯过往的一贯的做法。"罗海波说。 罗海波认为，在发掘一批优秀学者并为他们提供更多支持的同时，他也对AI领域未来的发展更有信心。"这只是一个开始，我觉得就像一个测试，我们知 道这样的路径是行得通的，未来我们会持续把这件事做下去。而且通过这样的测试，我们未来会有更多方式和方法挖掘更多优秀的年轻人才。" 证券时报记者在现场发现，前不久刚公布加入腾讯的腾讯首席AI科学家姚顺雨在本次颁奖典礼上现身，并为获奖者颁奖。不过， ...

比亚迪的王传福（228亿美元）、顺丰王卫（166亿美元）、泡泡玛特王宁（159亿美元）、长城汽车魏 建军（115亿美元）和DeepSeek梁文峰（115亿美元）分别排名第15名、23名、26名、42名和43名。 | 排名 | 姓名 | 财富来源 | 财富 亿美元 | 排名 | 性名 | 財富来源 | 財富 亿美元) | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 张一鸣 | 字节院动 | 693 | | 26 王宁 | 泡泡田特 | 128 | | 2 | 钟联顾 | 农夫山景/ 万秦生物 | 680 | 27 | ■仁贤 | 阳光电源 | 155 | | 3 | 马化腾 | 腾讯 | 627 | 28 | 正文平 | 恒立液压 | 154 | | 4 | 曾镀锌 | 宁德时代 | 562 | 29 | 朱义 | 自利大包 | 147 | | 5 | 丁晶 | 内方 | 440 | 30 | 装据表 | 宁德时代 | 147 | | 6 | 12 (4) | 拼多多 | 424 | 31 | 王伟修 | 中际儿创 | 143 | | 7 | ...

Group 1 - Southbound funds net bought Hong Kong stocks worth 32.22 billion HKD today [1] - The top net purchases included: CSPC Pharmaceutical Group at 9.34 billion HKD, Xiaomi Group-W at 9.14 billion HKD, and the Tracker Fund of Hong Kong at 5.89 billion HKD [1] - Notable net sales included: Zijin Mining at 6.35 billion HKD, China Mobile at 5.41 billion HKD, and CNOOC at 5.25 billion HKD [1] Group 2 - Southbound funds have recorded a continuous net sell of China Mobile for 20 days, totaling 159.752 billion HKD [1] - Zijin Mining has seen a net sell for 5 consecutive days, amounting to 37.8638 billion HKD [1] - Semiconductor Manufacturing International Corporation (SMIC) has also experienced a net sell for 5 consecutive days, totaling 12.2751 billion HKD [1]

Group 1: Market Overview - The Hong Kong stock market saw a net inflow of 32.22 billion HKD from northbound trading, with 20.39 billion HKD from Shanghai and 11.83 billion HKD from Shenzhen [1] - The most bought stocks included CSPC Pharmaceutical Group (01093), Xiaomi Group-W (01810), and the Tracker Fund of Hong Kong (02800) [1] - The most sold stocks were Zijin Mining (02899), China Mobile (00941), and CNOOC (00883) [1] Group 2: Notable Stock Performances - CSPC Pharmaceutical Group (01093) received a net inflow of 9.36 billion HKD, following a strategic cooperation agreement with AstraZeneca for the development of innovative long-acting peptide drugs, potentially worth up to 18.5 billion USD [4] - The Tracker Fund of Hong Kong (02800) saw a net inflow of 5.89 billion HKD, with positive market sentiment driven by earnings recovery, improved liquidity, and policy support [5] - Alibaba Group-W (09988) had a net inflow of 3.29 billion HKD, as it launched a high-end AI chip, enhancing its position in the AI sector [5] Group 3: Sector-Specific Insights - Long Fiber Optic Cable (06869) received a net inflow of 2.41 billion HKD, driven by strong demand for AI infrastructure and high-speed optical modules [5] - China Spring (01969) had a net inflow of 46.22 million HKD, with growth potential in student enrollment and tuition fee increases [6] - Gold stocks faced significant sell-offs, with Shandong Gold (01787) and Zijin Mining (02899) experiencing net outflows of 2.06 billion HKD and 6.35 billion HKD, respectively, amid volatility in the precious metals market [7]

不同于其他云厂商的竞争，腾讯云的竞争策略则是生态的健康可持续。杨晨表示："腾讯云业务理念， 秉持的第一个原则，就是"生态大于生意"。腾讯云始终认为，好的生态会带来好的生意，所以对生态伙 伴的扶持是不遗余力的，此外，从公有云的角度来讲，腾讯云有一个简单的一句话描述，就是健康可持 续。腾讯云大幅度地剔除不健康的生意，专注于平台产品，专注于政策稳定、健康可持续。" 在与生态伙伴的合作上，腾讯云主要以能力输出为主。杨晨表示："腾讯是作为平台厂商，我们底层有 算力资源、有模型能力，同时我们在前端有很多的应用入口，包括应用场景的东西。但对伙伴来说还是 输出我们的能力，希望伙伴各行各业能够搭出他们自己的"最后一公里"。" 过去一年，腾讯云已经实现了规模化盈利。 1月26日，腾讯董事会主席兼首席执行官马化腾在2025年度员工大会上表示，TEG(技术工程事业群)和 CSIG(云与智慧产业事业群)是腾讯AI化智能化的主力军。过去一年，CSIG AI相关产品进行了更紧密的 整合，包括QQ浏览器、腾讯会议、元宝等。除了C端业务，2025年云业务整体规模化盈利。 过去一年，腾讯云携手超11000家合作伙伴，持续深耕产业智能化，合作伙伴 ...

新京报贝壳财经讯 1月30日，腾讯"青云奖学金"颁奖典礼在深圳举行。作为腾讯支持青年人才和科学研 究的项目，"青云奖学金"首期评选出15位获奖者，并为每位获奖者提供总价值50万的激励，包括20万现 金和价值30万的云异构算力资源。 值得注意的是，根据此前腾讯在旗下官方公号发布的文章，腾讯公司首席AI科学家姚顺雨位列"青云奖 学金主审人"。姚顺雨表示，"科研不应止步于论文，更需要在产业一线建立现实世界中的强化学习反馈 闭环。" ...