Group 1 - Tencent Technology (Shenzhen) Co., Ltd. has obtained a patent for a method and device for generating interface request examples, with the authorization announcement number CN116069305B, and the application date being November 2021 [1] - Tencent Technology (Shenzhen) Co., Ltd. was established in 2000 and is located in Shenzhen, primarily engaged in software and information technology services, with a registered capital of 2 million USD [1] - The company has invested in 15 enterprises, participated in 279 bidding projects, and has 5000 trademark records and 5000 patent records, along with 574 administrative licenses [1]

丘钛科技(01478.HK)：2025年12月摄像头模组销售数量合计4593.8万件，同比增加43.6%。指纹识别模 组销售数量合计1794.7万件，同比减少12%。 1月13日，港股早盘高开冲高后震荡回落，截止午盘，恒生指数涨1.01%报26877.42点，恒生科技指数涨 0.38%报5885.42点，国企指数涨0.8%报9293.55点，红筹指数涨0.96%报4153.53点。 盘面上，大型科技股多数走高，阿里巴巴涨3.5%，腾讯控股涨0.48%，京东集团涨1.11%，小米集团跌 0.67%，网易涨0.45%，美团跌0.86%，快手跌1.93%，哔哩哔哩涨1.76%。金银价格新高，黄金股领衔有 色金属股上涨，招金矿业、紫金矿业、中国黄金国际均创历史新高；电池出口退税新政出台，碳酸锂期 货涨停，锂电池股拉升明显。另外，A股商业航空概念股集体提示风险，商业航天股集体回撤低迷，脑 机接口概念股、风电股走低。 企业新闻 药明康德(02359.HK)：发布2025年度业绩预告，预计净利润为191.51亿元，同比增长约103%，其中包含 了出售联营公司部分股权以及剥离部分业务所获得的投资收益。 东风集团股份(0048 ...

Core Viewpoint - The report by Jefferies emphasizes that artificial intelligence will remain the primary theme in China's internet market through 2026, followed by the defensive entertainment sector and the rapidly growing tourism industry [1] Group 1: Market Trends - The market has already factored in recent consumer sentiment and monthly Gross Merchandise Volume (GMV) growth, with a year-on-year GMV increase of 7.5% in the third quarter of September, and growth rates of 4.9% and 1.5% for October and November respectively compared to the same period last year [1] Group 2: Company Preferences - Jefferies lists Alibaba-W (09988) and Tencent Holdings (00700) as the top picks in the internet sector, followed by Baidu Group-SW (09888), Trip.com Group-S (09961), NetEase-S (09999), Kuaishou-W (01024), Tencent Music-SW (01698), JD Group-SW (09618), and Meituan-W (03690) [1] Group 3: E-commerce Focus - The focus in the fast e-commerce sector is shifting from low Average Order Value (AOV) orders to high AOV orders, as the latter offers better unit economics under healthy industry conditions [1] Group 4: Kuaishou Developments - Kuaishou's AI-generated model "K可灵AI" has launched several new products, with analysis indicating that its motion control feature has gained significant popularity in overseas markets since late December and into January, with expectations that Kuaishou's fourth-quarter performance will meet projections [1]

Group 1 - The core theme of the report by Jefferies is that artificial intelligence will continue to be the primary focus of the Chinese internet market through 2026, followed by the defensive entertainment sector and the rapidly growing tourism industry [2][5] - The report highlights that the market has factored in recent consumer sentiment and monthly Gross Merchandise Volume (GMV) growth, with a year-on-year increase of 7.5% in GMV for the September quarter, and growth rates of 4.9% and 1.5% for October and November respectively [2][5] - Jefferies identifies Alibaba-W (09988) and Tencent Holdings (00700) as the top picks in the internet sector, followed by Baidu Group-SW (09888), Trip.com Group-S (09961), NetEase-S (09999), Kuaishou-W (01024), Tencent Music-SW (01698), JD Group-SW (09618), and Meituan-W (03690) [2][5] Group 2 - The focus in the fast e-commerce sector is shifting from low Average Order Value (AOV) orders to high AOV orders, as the latter offers better unit economics in a healthy industry environment [2][5] - Kuaishou's AI-generated video model "Keling AI" has launched several new products, and analysis indicates that its motion control feature has gained popularity in overseas markets since late December and into January, with expectations that Kuaishou's Q4 performance will meet projections [2][5]

来源：新浪基金∞工作室 数据显示，1月12日，港股消费(159735)获净申购2809.58万元，位居当日跨境ETF净流入排名16/207。最 新规模7.92亿元，前一日规模7.59亿元，当日资金净流入额占前一日规模的比例为3.70%。 近5日，港股消费(159735)获净申购4811.1万元，位居跨境ETF净流入排名第25/207。近10日，港股消费 (159735)获净申购4811.1万元，位居跨境ETF净流入排名第42/207。近20日，港股消费(159735)获净申购 4403.47万元，位居跨境ETF净流入排名第56/207。 流动性方面，截止1月12日，港股消费（159735）近20个交易日累计成交金额9.01亿元，日均成交金额 4506.24万元；今年以来，6个交易日，累计成交金额3.78亿元，日均成交金额6299.91万元。 港股消费（159735）现任基金经理为李宜璇。李宜璇自2021年5月25日管理（或拟管理）该基金，任职 期内收益-19.10%。 港股消费(159735)已连续3日资金获净申购，区间净流入额4811.1万元。 港股消费（159735）成立于2021年5月25日，基金全称为 ...

Group 1 - The core viewpoint of the report is that artificial intelligence will remain the primary theme in China's internet market through 2026, followed by the defensive entertainment sector and the rapidly growing tourism industry [1] - The report notes that the market has factored in recent consumer sentiment and monthly Gross Merchandise Volume (GMV) growth, with a year-on-year GMV increase of 7.5% in the third quarter of September, and expected growth of 4.9% and 1.5% in October and November respectively [1] - The report identifies Alibaba-W (09988) and Tencent Holdings (00700) as the top picks in the internet sector, followed by Baidu Group-SW (09888), Trip.com Group-S (09961), NetEase-S (09999), Kuaishou-W (01024), Tencent Music-SW (01698), JD Group-SW (09618), and Meituan-W (03690) [1] Group 2 - The focus in the fast e-commerce sector is shifting from low Average Order Value (AOV) orders to high AOV orders, as the latter offers better unit economics under healthy industry conditions [1] - Kuaishou's AI-generated model "K可灵" has launched several new products, and analysis indicates that its motion control feature has gained popularity in overseas markets since late December and into January, with expectations that Kuaishou's fourth-quarter performance will meet expectations [1]

Group 1 - The tightening of regulations and the introduction of e-commerce value-added tax are impacting the profitability of small and medium-sized merchants, which will exert pressure on the monetization capabilities and profit margins of e-commerce platforms [1] - Demand for AI cloud services remains strong, and with domestic chip supply gradually catching up and some high-end foreign chips being approved, supply constraints are expected to ease [1] - The competitive landscape in the fields of food delivery, instant retail, and AI chatbots remains intense, with companies investing in promotional expenses to capture market share and enhance new user penetration and adoption rates, potentially further pressuring profitability and profit margins [1] Group 2 - The overseas market is becoming a new focus for Robotaxi, AI applications, and internet data center construction [1] - The preferred companies in the industry include Tencent Holdings (00700), Alibaba (BABA.US), Trip.com (TCOM.US), NetEase (NTES.US), and Century Huatong (002602.SZ) [1]

该行又提到，外卖、即时零售及AI聊天机器人领域的竞争格局依然激烈，企业为争取市场份额，以及 提升新用户渗透率和采纳度而投入的推广开支，可能进一步对盈利能力及利润率造成压力。而海外市场 正成为Robotaxi、AI应用及互联网数据中心建设的新焦点。行业中，该行首选为腾讯控股(00700)、阿里 巴巴(BABA.US)、携程(TCOM.US)、网易(NTES.US)及世纪华通（002602）(002602.SZ)。 花旗发布研报称，监管收紧及电子商务增值税，亦影响了中小型商户的盈利能力，将对电商平台的变现 能力及利润率构成压力。同时，AI云服务需求依然强劲，而随着国内芯片供应逐步追赶以及部分高端 外国芯片获批，供应限制可望逐步缓解。 ...

来源：新浪港股 方舟健客（06086）盘中涨近40%，截至发稿，股价上涨25.74%，报2.98港元，成交额1.36亿港元。 据介绍，双方基于在各自领域的深厚积累，实现优势互补。方舟健客作为国内领先的"AI+慢病管理"服 务平台，凭借其创新的"AI+H2H（Hospital to Home）智慧医疗新生态"，在慢病管理领域形成了独特的 技术优势、累积了实践经验。腾讯云作为行业领先的云服务提供商，在云计算、大数据、人工智能等关 键技术领域实力突出。双方强强联合，将为"AI+慢病管理"领域数智化升级提供强有力的技术支撑。 近期，方舟健客与腾讯健康举行"AI+慢病管理"解决方案发布会，标志着国内慢病管理领域迈入全新发 展阶段。此次合作，双方将为行业伙伴提供从技术验证到场景落地、再到规模化部署的全链路支持，为 行业智能化、合规化、高效化发展注入新动能。 ...

智通财经APP获悉，方舟健客(06086)早盘涨近40%，截至发稿，涨35.44%，报3.21港元，成交额1.03亿 港元。 据介绍，双方基于在各自领域的深厚积累，实现优势互补。方舟健客作为国内领先的"AI+慢病管理"服 务平台，凭借其创新的"AI+H2H(Hospital to Home)智慧医疗新生态"，在慢病管理领域形成了独特的技 术优势、累积了实践经验。腾讯云作为行业领先的云服务提供商，在云计算、大数据、人工智能等关键 技术领域实力突出。双方强强联合，将为"AI+慢病管理"领域数智化升级提供强有力的技术支撑。 此次合作不仅是技术能力的系统化输出，更是对"人工智能+医疗卫生"深度融合模式的重要探索。近 期，国家卫生健康委等五部门印发《关于促进和规范"人工智能+医疗卫生"应用发展的实施意见》，在 这一政策背景下，AI医疗正逐渐成为民生基础工程的重要组成部分。方舟健客与腾讯健康的合作，正 是响应政策号召、推动AI医疗产业健康发展的重要实践。 消息面上，近期，方舟健客与腾讯健康举行"AI+慢病管理"解决方案发布会，标志着国内慢病管理领域 迈入全新发展阶段。此次合作，双方将为行业伙伴提供从技术验证到场景落地、再 ...