今日热点导览 TOP 3 大新闻 百草味客服回应958克坚果礼盒，实际坚果仅占33克 近日，有网友爆料称在网购平台购买的百草味"坚果大礼盒"存在宣传误导问题——礼盒标称重量958 克，实际真正的坚果仅33克，其余多为饮料和饼干类零食，1月25日，记者在百草味官方旗舰店查询发 现，涉事系列礼盒以"坚果大礼盒"为商品名，主图展示腰果、夏威夷果、核桃等坚果，未提及含饮料及 非坚果类成分。仅点开详情小图，才能看到礼盒具体内容。不少网友质疑，礼盒中非坚果成分占比极 高，却以"坚果大礼盒"命名，明显误导消费者。针对此事，百草味官方旗舰店客服回应称，该系列坚果 大礼盒均含有品牌特色饮品，已记录网友质疑并将向上反馈，暂无进一步解决方案。（现代快报） 49条中日航线取消全部航班，免费退改签延长到10月24日 航班管家数据显示，截至1月26日，2026年2月已有49条航线取消全部航班，比一月进一步增加。2026年 1月，中国大陆赴日本航班取消率达47.2%，较2025年12月增长7.8个百分点。1月26日下午，国航、东 航、南航陆续发布通知称，1月26日前出票，航班起飞日期在2026年3月29日（含）至2026年10月24日 （ ...

大家早上壕！ 先看海外要闻： 美股集体收涨，道指收涨0.64%、纳指收涨0.43%、标普500收涨0.50%；苹果收涨2.97%、Meta涨2.06%、谷歌A涨1.62%、微软涨0.93%、亚马 逊、英伟达至多收跌0.64%，特斯拉跌3.09%。 白银现2008年来最强盘中涨势、但此后涨幅大幅回吐，黄金首破5000美元大关；美国天然气涨近30%。 特朗普威胁将韩国商品关税从15%提高至25%。 特朗普政府正通过一项16亿美元的债务和股权投资计划，获得美国稀土公司USA Rare Earth 10%的股权。 马斯克预言：由于太空能源总量约为地球的10万倍，天基产业的经济价值最终将超越地球经济总价值；SpaceX星舰预计将于3月第二周正式首 飞，星舰V3首飞搭载猛禽3发动机。 英伟达投资20亿美元CoreWeave股份，首推独立CPU芯片。 英伟达计划进军Arm PC芯片，联想、戴尔或率先采用。 微软发布第二代AI芯片Maia 200 ，希望降低对英伟达的依赖。 500亿美元数据中心交易停摆，软银暂停收购Switch。 Space X成功完成年度第10次猎鹰火箭发射，一箭25星 美军称林肯号航母打击群正部署中东。 ...

智通财经APP获悉，1月22日,阿里巴巴-W（09988）、中国海洋石油（00883）、中国人寿（02628）南 向资金净流入金额位列市场前三，分别净流入14.11 亿、5.90 亿、5.08 亿 中国移动（00941）、腾讯控股（00700）、中国宏桥（01378）南向资金净流出金额位列市场前三，分 别净流出-8.48 亿、-6.71 亿、-4.32 亿 在净流入比方面，长江基建集团（01038）、优然牧业（09858）、海天味业（03288）以56.47%、 56.41%、51.11%位列市场前三。 在净流出比方面，中教控股（00839）、中国中药（00570）、碧桂园服务（06098） 以-62.38%、-57.48%、-55.30%位列市场前三。 前10大资金净流入榜 | 股票名称 | 净流入(元)↓ | 净流入比 | 收盘价 | | --- | --- | --- | --- | | 阿里巴巴-W(09988) | 14.11 亿 | 14.34% | 164.800（+0.98%） | | 中国海洋石油(00883) | 5.90 亿 | 21.89% | 22.740（+2.52%） | | 中 ...

本报记者 田 鹏 2026年开年至今，港股市场龙头企业积极参与回购。据Wind资讯数据统计，今年以来，截至1月26 日，共有108家港股公司加入回购队伍，回购金额合计已突破117亿港元。其中腾讯控股、小米集团等头 部公司贡献了主要增量。 与热闹的龙头企业回购形成对比的是，港股市场整体回购规模呈现收缩态势。参与回购的公司数量 较去年同期的123家有所减少，回购金额仅为去年同期的五成，中小市值公司参与意愿偏低，市场分化 特征明显。 接受《证券日报》记者采访的专家表示，港交所2024年的库存股改革为龙头企业大规模股份回购扫 除了制度障碍，叠加全球外资回流中国资产、市场流动性边际改善的宏观环境，盈利稳定、现金流充裕 的科技龙头得以通过大额回购传递股价被低估的信号。而中小市值公司受盈利波动、现金流紧张等因素 影响，参与回购意愿较低。这一分化既是政策与宏观环境作用的结果，也是市场对公司价值的精准定 价。 港股龙头加码回购 在本轮港股回购潮中，龙头企业的主力军作用尤为突出。各赛道头部公司以大额回购、密集操作、 加码计划的多重举措，成为市场中最鲜明的回购主体，用真金白银释放积极信号。 值得注意的是，在龙头企业密集加码回购的同 ...

Group 1 - Tencent's CEO Ma Huateng stated that 2025 will be a significant year for AI, with intense industry competition, and that Tencent is heavily investing in AI [1] - Tencent has completed structural adjustments in its AI division, attracting PhD graduates and plans to introduce AI-native talent to restructure its AI team [1] - Tencent has made organizational changes to its large model team, establishing departments focused on AI infrastructure, AI data, and data computing platforms, while also attracting top AI talent with competitive salaries [1] Group 2 - According to Shenwan Hongyuan, significant breakthroughs in domestic computing power, models, and applications are expected by 2026, with improvements in usability and a narrowing gap between China and the US [2] - The AI industry is anticipated to undergo major changes, with IDC serving as the foundational layer for AI computing power, leading to a potential revaluation of the entire AIDC industry chain [2] - The industry chain includes upstream supply and distribution (UPS/HVDC, etc.), midstream IDC intelligent computing center construction and operation, and downstream connections to core demand from cloud vendors [2] Group 3 - Hongxin Electronics is collaborating with Suiruan Technology to promote the localization of AI computing chips and servers, with Tencent being a major shareholder and customer of Suiruan [3] - Baoxin Software is partnering with Tencent Cloud to work on basic cloud infrastructure and IDC industry projects, with a focus on accelerating the construction of IDC projects in North China [3]

Market Overview - The Hang Seng Index (HSI) closed at 26,752.51, down by 13.01 points or 0.05% as of January 26, 16:00 Eastern Time [1] - The index reached a high of 26,826.45 and a low of 26,622.25 during the trading session, with a trading volume of 35.7947 million [1] - The 52-week high for the index is 27,275.90, while the 52-week low is 19,335.70, indicating a trading range of 0.76% [1] Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 132.695, up by 1.29% compared to the Hong Kong market close [2] - Tencent Holdings closed at HKD 600.708, reflecting a slight increase of 0.2% from the Hong Kong market close [2] - Alibaba Group (BABA) saw a decline of 1.96%, closing at HKD 165.200 [3] - Xiaomi Group (01810) decreased by 2.81%, closing at HKD 35.220 [3] - AIA Group (01299) remained unchanged at HKD 83.050 [3] Notable Stock Movements - New World Development (00016) experienced a significant increase of 3.93%, closing at HKD 119.000 [3] - Kuaishou Technology (01024) fell by 3.26%, closing at HKD 78.600 [3] - JD.com (09618) rose by 1.05%, closing at HKD 116.000 [3] - Ctrip Group (09961) increased by 1.40%, closing at HKD 492.200 [3]

Group 1 - The core viewpoint of the articles highlights the competitive landscape of AI applications in China, particularly focusing on Tencent's efforts to enhance its AI capabilities and user engagement through its AI assistant, Yuanbao [1][2][3] - Tencent's AI assistant, Yuanbao, has evolved from a technical experiment to a leading AI application, achieving rapid user growth and integration into various Tencent services, including QQ Music and Tencent Meetings [2] - The company is planning to launch a new AI social feature called "Yuanbao Pai," aimed at enhancing social interactions through AI, and is also introducing a 1 billion yuan cash incentive to stimulate user engagement during the Spring Festival [3] Group 2 - Tencent's CEO, Ma Huateng, emphasized the importance of maintaining a steady approach and focusing on the company's unique strengths during the AI competition [1] - The restructuring of Tencent's AI team has led to significant changes in talent acquisition and organizational structure, enhancing the collaboration between the mixed Yuan model and Yuanbao [1] - The introduction of cash incentives and new social features is seen as a strategy to replicate past successes, such as the WeChat red envelope campaign, to drive AI adoption and user interaction [3]

腾讯马化腾：元宝即将推出命名为"元宝派"AI社交新玩法 值得关注的是，阶跃星辰同日正式任命印奇为公司董事长，负责战略节奏与技术方向制定。公司核心战 略聚焦"基础大模型"与"AI+终端"，已在语言模型、多模态模型及端云协同领域达到世界领先水平。 李想临时召开线上公司全员会，不谈汽车谈AI 1月26日上午10点半，理想汽车CEO李想召开了一场不一样的线上全员会。近两个小时的全员会议，大 部分内容都是李想分享自己对于AI的趋势判断。 据多位内部员工反馈，李想强调了接下来几个和AI相关的重要时间节点，比如2026年是所有想要成为 AI头部公司上车的最后一年；最晚2028年，L4一定能落地； 同时布局基座模型、芯片、具身智能、操 作系统等业务的公司，最终全球不会超过3家，理想汽车会努力成为其中一家。未来，理想会进一步强 化具身智能的品牌定位，而不仅仅是创造移动的家。 在上述重要的时间节点之外，李想还明确了一点：在汽车之外，理想一定会做人形机器人，并会尽快落 地亮相。同时，他还表示，要去招聘最好的人，把原来那些去到机器人创业公司的人再招回来。 京东科技JoyGlance登录乐奇AI眼镜 在今日正在召开的腾讯年会上，腾讯董 ...

Core Insights - Tencent emphasizes a steady approach to business, focusing on long-term product competitiveness and user experience in its AI strategy [2][3] - The introduction of "Yuanbao" is a new social AI product inspired by Tencent's existing platforms, aiming to enhance social interactions [2][3] - Tencent plans to invest 1 billion yuan in cash red envelopes to attract users to the Yuanbao app, hoping to replicate the success of WeChat's red envelope feature from 11 years ago [3][4] Group 1: AI Strategy and Product Development - Tencent's AI strategy is characterized by a decentralized approach that balances user needs and privacy concerns, with a focus on building a smart ecosystem within WeChat [3][12] - The "Yuanbao" product is designed to integrate AI capabilities with social interactions, moving beyond traditional chatbot functionalities to create a collaborative environment [9][12] - The product features include basic search, image generation, task management, and social activities, with plans for further enhancements [6][9] Group 2: Organizational Changes and Market Position - Tencent has undergone strategic adjustments and team restructuring to enhance its AI capabilities, including the establishment of new departments focused on AI infrastructure and data [12][13] - The company aims to leverage its vast user base and data feedback mechanisms to improve product offerings and user experience [15] - Tencent's historical ability to adapt and thrive in various internet phases is attributed to its channel potential, user data utilization, and talent acquisition strategies [14][15]

● 本报记者 胡雨 1月25日，腾讯元宝、百度App双双公布春节红包派发计划，拟派发的现金红包总额达到15亿元，消息 发布后迅速引发各方关注。进入2026年，行业头部厂商进一步发力，成为机构持续看好AI应用方向投 资机遇的重要催化剂。 从市场表现看，AI应用板块在进入快速调整期后，于近期基本企稳。在业内人士看来，无论从算力ROI （投资回报率）诉求角度，还是从互联网、软件、端侧公司做产品的角度，2026年AI应用已是"必修 课"，后续国内用户规模增长及商业化或加速，建议聚焦具有价值的AI应用方向展开布局，AI广告营 销、AI电商、AI办公、AI教育、AI医疗等多个细分领域值得关注。 看好AI应用全年发展趋势 AI大厂的"阔绰"出手再度引发市场对AI应用相关领域的关注。 从市场表现看，Wind数据显示，截至1月26日收盘，AI应用板块收跌逾2%，其在1月14日盘中创出阶段 新高后开始回调，近几个交易日呈现横盘震荡态势，不过从2026年开年以来的整体表现看，AI应用板 块累计涨幅仍接近12%，明显跑赢上证指数等A股主要指数。 1月25日，腾讯元宝、百度App在同一天公布春节红包派发计划，其中腾讯元宝将在2月1日开 ...