新京报讯(记者秦胜南)子女返乡过年的传统团圆方式逐渐被"打破"，近年来，越来越多家庭选择"反 向"团圆，或接长辈进城或与亲朋好友旅游过春节。马年春节9天超长假期推动"反向过年"热潮持续走 高，成为春节出行新趋势。美团旅行数据显示，2026年春运期间，"反向过年"的车票预订量增长明显。 2月初至2月中下旬，"反向过年"的机票预订量同比去年增长84%。 成都的李女士一家计划春节带老人和孩子前往广东揭阳，感受国家级非物质文化遗产"英歌舞"的魅力。 美团旅行数据显示，春节期间，目的地为揭阳的机票预订量同比增长166%，主要客源来自南京、上 海、成都、杭州、宁波等地；受"英歌舞"等非遗项目带动，揭阳文旅热度同比飙升517%。 避寒游和冰雪游在春节依旧火热。哈尔滨热度依旧很高，今年吸引了南方游客前往冰雪天地。春节期 间，据美团旅行数据，哈尔滨的交通预订增速162%，上海、北京、杭州、成都、深圳、广州、南京、 济南等地游客选择在哈尔滨过大年。也有不少昆明、三亚等地暖冬游，美团旅行数据显示，机票预订量 均比去年同期增长至少5倍。 也有不少家庭热衷短途年味之旅。"在家吃完年夜饭，准备初二带着父母去自贡逛吃逛吃。"成都本地游 客 ...

对地方食材、地方风味的挖掘成为了精致餐饮的特点。"2026黑珍珠"中，"辽菜"首次上榜，榜单城市新 增南通、青岛，分别迎来2家一钻餐厅。据统计，过去三年，黑珍珠餐厅指南累计增加11个地方菜系。 美团数据显示，精致餐饮的用户构成呈现橄榄型。2025年，精致餐饮消费人群中，95后、00后占比已扩 大至37%，30岁至50岁仍是精致餐饮消费的中坚力量。此外，60岁以上的消费者数量同比增长115%。 美团副总裁、到店餐饮事业部总经理魏巍表示，需求变化下，精致餐饮行业正在进行三大改变，即店型 更小、更灵，产品更精，服务更真。 北京商报讯（记者 郭缤璐）1月28日，北京商报记者了解到，2026黑珍珠餐厅指南发布，中国内地32城 的263家上榜餐厅正式揭晓，覆盖 45 个菜系，7家餐厅成功升钻。其中，北京的上榜餐厅共35家，其中 三钻餐厅1家，二钻餐厅5家，一钻餐厅29家。升钻餐厅有2家，1996川菜·主厨餐厅由1钻升至2钻；京季 荣派官府菜由2钻升为3钻。 ...

1月15日，上海喜车未来智能科技有限公司（以下简称"喜车科技"）与美团正式签署战略合作协 议，双方宣布将整合汽车产业与本地生活服务优势，共同构建"买车用车＋本地生活"一站式服务平台。 在京东联合车企卖车，阿里和华为为车企提供智能解决方案，小米下场造车之后，美团也开始以自己擅 长的方式入局汽车行业。 为什么汽车领域对包括美团在内的跨界企业有如此强的吸引力？很显然，它们走出这一步并非一时兴 起，而是一场由外部行业剧变与内部增长焦虑共同驱动的战略突围。 首先，汽车行业的吸引力远不止销量回升或千人保有量方面尚存差距这么简单，更在于一场百年未有之 大变局带来的历史机遇。汽车正从纯粹的工业硬件，加速演变为集成能源、数据、智能与服务的超级移 动终端，其价值重心也在快速迁移。这恰恰为美团这类擅长连接、运营和服务用户的平台型公司，打开 一扇传统车企难以迅速构建的软实力之门——谁能更好地定义车生活，谁就可能掌握下一个时代的入 口。 其次，对美团自身而言，跨界汽车领域已非可选项，而是关乎未来生存空间的必答题。美团发布2025年 三季度财报显示，该公司营收微增2％至954.88亿元，净亏损达186.32亿元，同比由盈转亏。公告称，亏 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - In 2025, Chinese companies' overseas expansion did not experience a singular turning point but rather accelerated along multiple changing trajectories, significantly impacting their overseas operations [6] - The focus of overseas market layout has shifted, with compliance and organizational setup becoming prerequisites, and localization evolving from a strategic option to a fundamental requirement [6] - The importance of 2025 lies not only in what occurred but in the changes that have begun to emerge, reshaping the decision-making logic of overseas enterprises and influencing their long-term choices [6] Summary by Sections Overall Changes in 2025 - The industry coverage for Chinese companies going abroad has expanded, encompassing retail e-commerce, tea drinks, entertainment, AI, automotive, and hardware, with Southeast Asia, the Middle East, Latin America, and Africa becoming significant growth sources [14] - The technological investment has increased, and compliance challenges have intensified, with a notable shift in export structure, as evidenced by a trade surplus exceeding $1 trillion for the first time in 2025 [19][21] Country-Specific Roles in Overseas Expansion - The Global South has emerged as a crucial growth source for Chinese companies, transitioning from a supplementary market to a core strategic depth [28] - The Gulf region is becoming a key node in the global AI capability competition, with significant investments in digital infrastructure and AI technologies [31] - Competition in the European and American markets has shifted towards regulatory and compliance aspects, with stringent measures impacting market access for Chinese firms [34] Industry-Specific Changes in Overseas Expansion - The automotive industry's focus has shifted from export expansion to deep localization, with significant investments in overseas manufacturing facilities [43][48] - The global AI landscape is being restructured, with Chinese AI capabilities transitioning from a follower to a leader in the market [49] - The competitive focus in cross-border e-commerce has shifted towards fulfillment and infrastructure capabilities, reflecting the need for robust operational frameworks [6] Strategic Responses of Companies and Service Systems - Chinese brands are entering a critical window for global reputation and brand premium, with the first generation of overseas experience beginning to systematically fail [4][10] - The overseas service system is evolving from a reactive response to customer needs to a proactive global service model, indicating a shift towards comprehensive service offerings [10]

Group 1 - A 32-year-old programmer's sudden death has raised concerns about the company's health management practices, as the deceased had not undergone the required health check-ups, which the company does not acknowledge [5][6] - The company sent internal emails addressing the situation, stating that the employee had never completed health checks at their facility, despite having annual check-ups at a top-tier hospital [5][6] - Following the incident, the company announced a return to normal operations, canceling celebratory events and emphasizing the need to resume regular business activities [6] Group 2 - Tencent's CEO, Ma Huateng, announced the company's exit from investments in Meituan and JD.com, citing unsustainable cash-burning competition in the food delivery sector [8] - Tencent's investment in Meituan began in 2014, and by the end of 2022, the company had reduced its stake significantly, ultimately exiting completely by early 2026 [8] Group 3 - Li Xiang, CEO of Li Auto, faced criticism from employees after a lengthy all-hands meeting focused primarily on AI trends, with many employees expressing confusion and a desire for more concrete company direction [9] - The company reported a 19% year-over-year decline in vehicle deliveries for 2025, completing only 63.4% of its adjusted sales target [9] Group 4 - DeepSeek released a new open-source model, DeepSeek-OCR 2, which utilizes an innovative method to dynamically rearrange image components based on their meaning, enhancing AI's visual understanding capabilities [11][12] - The model's design allows for more accurate interpretation of complex documents, integrating visual understanding with reasoning and programming abilities [12] Group 5 - NIO has strengthened its intelligent driving team by hiring a former algorithm expert from Alibaba, indicating a commitment to advancing its AI and autonomous driving technologies [24][25] - The company plans to increase its computational resources and aims to regain its position among the top players in the industry through significant updates in the current year [25] Group 6 - Baidu's smart cloud division has raised its AI revenue growth target from 100% to 200%, aiming to capture a larger share of the rapidly growing AI cloud market [40] - The company has been successful in securing a significant number of AI-related projects, leading the market in both project count and total value [40] Group 7 - The automotive industry is witnessing a surge in electric vehicle models, with companies like Volkswagen and Xpeng introducing new models that emphasize advanced features and competitive pricing [42][34] - Xpeng's flying car, expected to be delivered by 2026, showcases innovative design and technology, aiming to capture market interest in the emerging flying vehicle segment [34]

Core Insights - The report highlights the overall positive trend in the A-share market, with various sectors such as finance, semiconductors, and aerospace showing strong performance, while some sectors like coal and pharmaceuticals lag behind [5][8][12] - The report emphasizes the importance of macroeconomic data and policy changes in guiding investment strategies, suggesting a balanced approach to portfolio allocation [7][11][33] Domestic Market Performance - The Shanghai Composite Index closed at 4,139.90 with a slight increase of 0.18%, while the Shenzhen Component Index closed at 14,329.91, up by 0.09% [3] - The average price-to-earnings ratio for the Shanghai Composite and ChiNext Index stands at 16.93 and 53.33 respectively, indicating a favorable long-term investment environment [7][12] International Market Performance - Major international indices such as the Dow Jones and S&P 500 experienced declines of 0.67% and 0.45% respectively, while the Nikkei 225 saw a modest increase of 0.62% [4] Industry Analysis - The report discusses the media sector, noting a decrease in fund holdings in Q4 2025, with a significant focus on the gaming sub-sector, which remains highly favored among institutional investors [13][16] - The automotive industry is projected to achieve record production and sales in 2025, driven by policies encouraging vehicle upgrades and a strong demand for electric vehicles [31][33] Investment Recommendations - The report suggests focusing on sectors with strong fundamentals and high dividend yields, such as traditional engineering machinery and shipbuilding, while also highlighting opportunities in emerging technologies like humanoid robots and AI applications [17][18][22] - Specific companies to watch include major players in the gaming sector and those involved in AI applications, as they are expected to benefit from favorable market conditions and technological advancements [16][27]

关注微信公众号：满满神卷 每日更新外卖券：美团、京东、饿了么、淘宝闪购等无门槛领取 平台提供的推广工具为商家获客提供了多种选择。以点金推广为例，这种付费推广方式可以将店铺位置 置顶到5、10、15、20、25等排名位，按顾客访问点击计费。与自然流量相比，这类工具能够快速提升 曝光量，为新品推广或活动引流提供即时支持。搜索推广则是另一种精准触达方式，通过将商家主营菜 品与用户搜索偏好进行匹配，直接呈现于搜索结果页面，高效提升门店客流。 优惠券推广不应局限于价格竞争，更应构建非价格壁垒。头部平台正在打造"优惠券+"生态体系，例如 将优惠券与社交裂变绑定——5人成团可解锁隐藏的"免配送费券"，使获客成本降低40%。另一种创新 策略是结合校园卡消费数据，向GPA3.5+学生发放双倍券包，形成学业荣誉感与实惠的绑定。这些策略 将优惠从交易工具转化为身份认同载体，学生弃用竞品不仅因价差，更因情感归属缺失。 在当今高度数字化的消费环境中，优惠券早已超越了简单的打折工具，演变为连接品牌与消费者的重要 桥梁。对于餐饮商家而言，掌握优惠券推广的艺术，意味着能够在激烈的外卖市场竞争中脱颖而出。那 么，优惠券推广究竟隐藏着怎样的奥秘 ...

1月27日，美团"黑珍珠餐厅指南"发布2026评选结果，中国内地32城的263家餐厅上榜。"2026黑珍 珠"中，辽菜首次上榜，沈阳2家餐厅均获一钻荣誉；河北省精致餐饮迎来突破，石家庄有2家黑珍珠一 钻；江苏、山东省新增南通、青岛发榜，分别迎来2家一钻餐厅。（智通财经记者 范佳来） ...

1月27日，聚拢了中国高品质标杆餐饮品牌的"黑珍珠餐厅指南"在福建泉州举办了2026黑珍珠餐厅指南发布暨颁奖盛典。中国内 地32城的263家上榜餐厅正式揭晓，覆盖 45 个菜系，7家餐厅成功升钻。 通过持续追踪黑珍珠餐厅的转型风向，美团解析了精致餐饮的三大变化，并启动"主厨成长计划"，让更多优秀品牌主理人、主 厨被看见、被尊重、有发展。 当包厢充分融入福建传统文化和当代艺术，食客走进泉州新晋黑珍珠一钻餐厅"悦宴·福建菜精品料理"，仿佛翻开了一本闽南风 物志；风头正劲的NABI以主厨餐桌为形，将传统韩味玩出时尚新风范，成功让韩餐时隔3年后再次"点亮"上海黑珍珠……"2026 黑珍珠"榜单中，有20座城市新增上榜餐厅，累计达46家餐厅，呈现出体验多元化、表达年轻化、模式个性化等新趋势。 近年来，对地方食材、地方风味的挖掘成为了精致餐饮的特点。"2026黑珍珠"中，"辽菜"首次上榜，沈阳有2家优质餐厅代表获 得一钻；河北省精致餐饮迎来关键突破，石家庄2家餐厅榜上有名；物产丰富的江苏、山东，更多细分口味大放异彩，榜单城市 新增南通、青岛，分别迎来2家一钻餐厅。据统计，过去三年，黑珍珠餐厅指南累计增加11个地方菜系。 ...

"现在的消费更重要的是跟自己和解，我们的社交也正在回归本质，能吸取情感的连接和力量才是社 交。"王莆中表示，"我们的餐厅要为顾客提供独特的体验和记忆，从提供一顿饭，变成承载一段美好的 记忆、一个浓烈的情绪。" 美团提供的数据显示，2025年精致餐饮的消费人群中，95后、00后占比已扩大至37%，30岁至50岁仍是 精致餐饮消费的中坚力量。 近年来，对地方食材、地方风味的挖掘成为了精致餐饮的特点。2026年黑珍珠年度菜品奖就首次把地方 经典菜品纳入评选，泉州庆余年的古早味鸭血豆干大肠、温州阿外楼的江蟹生等成功上榜。 1月27日，"黑珍珠餐厅指南"正式发布2026评选结果，中国内地32座城市的263家餐厅上榜。本次榜单显 示，当前，中国精致餐饮行业呈现出品类多样、地方菜系集体升级的行业发展新特点。 美团核心本地商业CEO王莆中表示，餐饮业及其背后的大众生活方式正在被快速重塑，从美团的观察来 看，消费行为正在从"向外表达"转为"向内表达"，不管是衣服还是餐饮消费，重要的是"穿得舒服、吃 得舒服"。 王莆中表示，精致餐饮不再去依赖名贵、珍稀的食材，而是去挖掘和地方风土结合紧密的风味，背后连 接的正是独特的乡土记忆。" ...