魏巍指出，当前老字号转型呈现三大路径：一是全渠道融合，如紫光园通过与美团合作，实现多价格 带、多时段、多渠道经营，其奶皮子酸奶年销量翻7倍；二是文化价值变现，全聚德打造"空中四合 院"门店，从卖产品到卖体验，带动客单价提升25%、复购率增长18%；三是数字化转型加速，AI工具 已成为老字号经营提效的重要帮手。对此，美团于去年10月发布餐饮堂食AI经营助手"智能掌柜"，累计 帮助150余万用户完成预订。 责任编辑：杨赐 责任编辑：杨赐 新浪科技讯 2月9日午间消息，近日，2026餐饮老字号创新交流会在北京举行。美团副总裁、到店餐饮 事业部总经理魏巍在交流会上披露，已有206个老字号餐饮品牌、6027家门店完成线上化布局，覆盖全 国234个城市。数据显示，老字号对年轻消费群体的吸引力正在增强，近一年其在美团和大众点评的搜 索量增长近9倍，订单量增长34%，交易额年均复合增长率稳定在27%以上，35岁以下客群占比已达 48.5%。 新浪科技讯 2月9日午间消息，近日，2026餐饮老字号创新交流会在北京举行。美团副总裁、到店餐饮 事业部总经理魏巍在交流会上披露，已有206个老字号餐饮品牌、6027家门店完成线上化布局 ...

你或许难以想象，汽车尾气排放的氮氧化物能转化为滋养庄稼的肥料?浑浊发黑的重金属废水也 能"淘"出真金白银?令人头疼的白色塑料污染，其解药藏在曾经"臭名昭著"的硫元素里? 这听上去如魔法般的转变，是第五届美团青山科技奖获奖者们带来的科研技术成果。他们以颠覆性的材 料与化学技术，重新定义了废弃物与污染物——那些被放错位置的资源，正在被转化为支撑可持续发展 的有用之物。 "超级海绵"MOF 把"毒药"变"肥料" 他的主攻方向之一，是处理电镀、制革等行业产生的含重金属废水。如针对六价铬高价态强致癌物，兰 华春团队创新开发了一种高效电还原技术，能快速将剧毒的六价铬还原为毒性较低、易于沉淀处理的三 价铬，处理成本和能耗大幅降低。目前，该技术已在浙江、福建、四川等地多家电镀厂应用，日处理废 水可达上万立方米。 更令人称奇的是，他们从大自然中获得灵感，模仿珊瑚表面纤毛结构，研发出一种新型仿生吸附材料。 这种材料能够像"磁铁"一样，从成分复杂、浓度极低的工业废水甚至电子废液中，精准"钓"出金、铂、 稀土等稀贵金属。 "许多废水中的有价金属浓度极低，传统回收方法经济上不可行，只能任其流失或成为污染。"兰华春解 释道，"我们的技术 ...

Core Insights - The loyalty of employees in Silicon Valley has diminished, with significant talent poaching events occurring among major tech companies, particularly in the AI sector [1][2] - The trend of "acqui-hire," where companies acquire others primarily for their talent rather than products, has become a common strategy among tech giants [24][27] Group 1: Talent Poaching Events - Major talent poaching incidents include Meta's $14.3 billion investment in Scale AI to acquire co-founder Alexandr Wang in June 2025, Google's $2.4 billion acquisition of Windsurf's technology and team in July 2025, and NVIDIA's $20 billion deal with Groq in December 2025 [1][2][11] - OpenAI has also been active in recruiting talent, bringing back researchers from Thinking Machines Lab and attracting former Google DeepMind employees [1][2] Group 2: Motivations for Job Changes - Employees are motivated to switch jobs for various reasons, including high salaries, access to cutting-edge resources, and the pursuit of more promising technologies and products [2][32] - The phenomenon of "active" and "passive" job changes is noted, with many researchers leaving for better opportunities or being relocated due to company acquisitions [2] Group 3: Acqui-hire Strategy - Acqui-hire has become a popular method for tech giants to quickly acquire skilled teams without facing antitrust scrutiny, allowing them to maintain a competitive edge in AI [24][27] - The case of Google's acquisition of Windsurf illustrates the potential fallout for remaining employees, who may feel abandoned when key talent is poached [27][28] Group 4: Employee Sentiment and Loyalty - Despite high salaries offered by companies like Meta, employee loyalty remains elusive, with some researchers returning to their previous employers shortly after being hired [18][20] - The culture in the tech industry is shifting, with employees increasingly concerned about long-term commitments to a single company, leading to a more fluid job market [32][35] Group 5: Domestic Talent Competition - The talent war is not limited to Silicon Valley, as domestic companies are also aggressively recruiting AI talent from top labs, indicating a global trend in talent mobility [37][39] - High salaries and rapid job changes are characteristic of the AI industry, where top talent is viewed as a strategic asset [40]

Group 1 - The top three companies by Hong Kong Stock Connect holding ratio are China Telecom (00728) at 71.46%, Green Power Environmental (01330) at 68.82%, and Haotian International Construction Investment (01341) at 68.17% [1] - The latest holding ratio rankings for the top 20 companies show significant ownership levels, with China Telecom leading at 99.18 billion shares [1] - The recent five trading days saw Tencent Holdings (00700) increase its holding by 51.95 billion, Southbound Hang Seng Technology (03033) by 17.79 billion, and Xiaomi Group-W (01810) by 15.84 billion [1] Group 2 - The top three companies with the largest decrease in holdings over the last five trading days are Yingfu Fund (02800) with a decrease of 35.48 billion, SMIC (00981) with a decrease of 23.60 billion, and Zhaojin Mining Industry (01818) with a decrease of 6.58 billion [3] - Other notable companies in the reduction list include Huahong Semiconductor (01347) with a decrease of 6.56 billion and CSPC Pharmaceutical Group (01093) with a decrease of 5.59 billion [3] - The data reflects significant trading activity and shifts in investor sentiment within the Hong Kong stock market [2]

Core Insights - The article highlights the top short-selling ratios and amounts for various companies, indicating significant market sentiment against these stocks [1][2]. Group 1: Top Short-Selling Ratios - Lenovo Group-R (80992) has the highest short-selling ratio at 91.38% with a short-selling amount of 52.16 thousand [2]. - Ping An Insurance-R (82318) follows with a short-selling ratio of 83.34% and a short-selling amount of 200.88 thousand [2]. - Xiaomi Group-WR (81810) has a short-selling ratio of 80.95% with a short-selling amount of 597.54 thousand [2]. Group 2: Top Short-Selling Amounts - Tencent Holdings (00700) leads in short-selling amount at 29.69 billion, with a short-selling ratio of 15.25% [2]. - Alibaba Group-W (09988) has a short-selling amount of 23.66 billion and a short-selling ratio of 19.56% [2]. - Xiaomi Group-W (01810) ranks third with a short-selling amount of 10.16 billion and a short-selling ratio of 21.54% [2]. Group 3: Top Short-Selling Deviation Values - Ping An Insurance-R (82318) has the highest deviation value at 36.33%, indicating a significant difference from its average short-selling ratio [2]. - Xiaomi Group-WR (81810) follows with a deviation value of 34.41% [2]. - China Resources Beer (00291) has a deviation value of 33.89% [2].

2026年一开场，即时零售市场就火药味十足。 美团与叮咚买菜同步发布公告，确认美团将以初始代价7.17亿美元收购叮咚买菜中国的全部业务。 作为最后的非头部独立平台，这次交易被解读为生鲜电商多头竞争的终结。叮咚买菜被美团收购，也标 志着即时零售大战进入巨头直接对决的时期。 美团急需抢时间，守住自己最后的核心阵地。美团也不想给对手创造太多机会，用最直接的正面出手， 将激战正酣的行业带入新阶段。 作为高频、高利润市场，生鲜自然是即时零售必争的核心战场。 从公司的角度看，叮咚买菜占据生鲜关键赛道、深耕前置仓模式、经营扭亏为盈，这些特征放在本地生 活布局之中，让其成为巨头眼中的优质标的。 这家成立于2017年的公司，过去一段时间频繁成为被"收购"传闻的主角。传说中的买家一变再变，终究 没有改变叮咚买菜的结局。 而从美团的角度看，过去一年外卖大战代价不小。无论是京东突然杀入外卖业务，还是来势汹汹的"淘 宝闪购"，美团一次次陷入被动防守局面。 财报数据亦难掩重压。美团在2025年三季度返亏，该季度收入增长是过去几年的最低增速，净亏损为 186.32亿元，上年为盈利128.65亿元，形成鲜明反差。 更重要的是，本地生活是美团 ...

这家成立于2017年的公司，过去一段时间频繁成为被"收购"传闻的主角。传说中的买家一变再变，终究 没有改变叮咚买菜的结局。 2026年一开场，即时零售市场就火药味十足。 美团与叮咚买菜同步发布公告，确认美团将以初始代价7.17亿美元收购叮咚买菜中国的全部业务。 作为最后的非头部独立平台，这次交易被解读为生鲜电商多头竞争的终结。叮咚买菜被美团收购，也标 志着即时零售大战进入巨头直接对决的时期。 作为高频、高利润市场，生鲜自然是即时零售必争的核心战场。 从公司的角度看，叮咚买菜占据生鲜关键赛道、深耕前置仓模式、经营扭亏为盈，这些特征放在本地生 活布局之中，让其成为巨头眼中的优质标的。 这次交易肉眼可见地能扩充美团在华东市场的力量，让美团前置仓数量高速提升，在关键区域形成压倒 性优势，并降低获客成本。 电商零售不是新兴业态，不代表即时零售擦不出时代的火花。"闪购"介于电商和外卖之间，比传统外卖 品类丰富且利润更高，比传统电商配送更快、频次更密。 而从美团的角度看，过去一年外卖大战代价不小。无论是京东突然杀入外卖业务，还是来势汹汹的"淘 宝闪购"，美团一次次陷入被动防守局面。 财报数据亦难掩重压。美团在2025年三季 ...

这是新消费智库第 2 7 5 7 期文章 新消费导读 1. 神探伍伍 | 低升糖指数原切苹果脆 2. 喜茶上线苹果小奶茉牛乳茶 3. 星期零推出 2026 马年新春限定礼盒 4. 七鲜 |12 度浓醇豆浆 5. 立顿推出香菜奶茶 6. 佳沃焕鲜香气蓝莓 7. 山姆 | 北京同仁堂有机黑果枸杞原浆 8. 海河乳品上新云顶藏金咸茶乳 9. 果子熟了无糖茶新品 7-11 上市 10. 盒马上新爆汁果粒双柚汁 11. 茉莉奶白开启 新年红 12. 爱羽乐正式官宣胡杏儿为品牌首位代言人 13. 统一推出「神采焕发 五黑芝麻乳」新品 ...... 一周新品 1. 神探伍伍 | 低升糖指数原切苹果脆 图片来源：AI生成 完整原切，低 GI 认证，清甜酥脆自然果香，科学工艺，锁住营养，优质红富士去皮去核，原切厚圈，更完整！ （ 食业头条 ） 2. 喜茶上线苹果小奶茉牛乳茶 近日， 喜茶上线苹果小奶茉牛乳茶。据品牌介绍，新品采用鲜牛乳（添加量 ≥ 12% ），添加了红富士苹果汁（添加量≥ 30g/L ）和茉莉 花茶（添加量≥ 8g/L ），不添加植脂末和速溶茶粉。其中，茉莉花茶是将来自云南、四川的烘青绿茶与大朵横州茉莉花反复窨 ...

Investment Rating - The report maintains a "Recommend" rating for the aviation sector, highlighting opportunities in the industry [2][3]. Core Insights - The Spring Festival travel rush has begun, with air passenger volume averaging 2.313 million per day, up 5.5% year-on-year, while railway passenger volume averaged 11.792 million, down 0.7% [1][10]. - The report emphasizes the competitive landscape in instant retail, particularly with the launch of the "30 Billion Free Order" campaign by Qianwen, which saw over 10 million orders in just 9 hours [2][35]. - The report identifies key players in the aviation sector, including China National Airlines, Southern Airlines, and Eastern Airlines, as well as low-cost carriers like Spring Airlines, which are expected to benefit from high price elasticity and operational efficiency [2][34]. Industry Data Tracking - Air cargo: The outbound air cargo price index at Pudong Airport increased by 5.3% week-on-week and 8.9% year-on-year as of February 2 [7][44]. - Shipping: VLCC freight rates increased by 2%, while the BDI decreased by 10% and SCFI decreased by 4% [7][48]. - The report highlights the expected compound annual growth rate (CAGR) of approximately 3% for aircraft imports over the next three years, indicating a supply constraint in the aviation sector [31][32]. Investment Recommendations - The report suggests focusing on "performance elasticity" and "dividend value" as key investment themes for the transportation sector in 2026 [7][31]. - It recommends leading companies in express logistics, such as Zhongtong and Yuantong, as well as the instant retail leader Shunfeng Tongcheng, which is expected to benefit from rapid growth and low valuation [7][31]. - The report also highlights the importance of dividend-paying assets, recommending Sichuan Chengyu and China Merchants Port for their stable performance and potential for dividend increases [7][31].

Investment Rating - The report maintains a "Recommend" rating for the aviation sector, highlighting potential opportunities in the industry [2][3]. Core Insights - The Spring Festival travel rush has begun, with air passenger volume averaging 2.313 million per day, up 5.5% year-on-year, while railway passenger volume averaged 11.792 million, down 0.7% year-on-year [1][10]. - The report emphasizes the competitive landscape in instant retail, particularly with the launch of the "30 Billion Free Order" campaign by Qianwen, which saw over 10 million orders in just 9 hours [2][35]. - The report identifies key players in the aviation sector, including China National Airlines, Southern Airlines, and Eastern Airlines, as well as low-cost carriers like Spring Airlines, which are expected to benefit from high price elasticity and operational efficiency [2][34]. Industry Data Tracking - Air freight rates at Pudong Airport increased by 5.3% week-on-week and 8.9% year-on-year as of February 2 [7][44]. - The VLCC freight rate rose by 2% week-on-week, while the BDI decreased by 10% [7][48]. - The report highlights the growth potential in the express logistics sector, particularly for leading companies like Zhongtong and Yuantong, as well as the promising outlook for instant retail leader SF Express [7][31]. Investment Recommendations - The report suggests focusing on "performance elasticity" and "dividend value" as key investment themes for the transportation sector in 2026 [7][31]. - It recommends continued investment in the aviation sector due to expected low growth in aircraft supply and a projected 5% increase in passenger numbers [2][31]. - The report also emphasizes the importance of dividend assets, recommending companies like Sichuan Chengyu and China Merchants Port for their stable performance and potential for increased dividends [7][31].