Group 1 - On January 16, 2026, Alibaba-W (09988), Tencent Holdings (00700), and SMIC (00981) were the top three companies by trading volume in the Southbound Stock Connect, with transaction amounts of 40.30 billion, 34.43 billion, and 33.48 billion respectively [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), SMIC (00981), and Tencent Holdings (00700) also ranked as the top three, with transaction amounts of 29.23 billion, 23.54 billion, and 22.23 billion respectively [1] Group 2 - The top active companies in the Southbound Stock Connect included Alibaba-W (09988) with a net buying amount of +56.02 million, Tencent Holdings (00700) with +57.91 million, and SMIC (00981) with +510 million [2] - In the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988) had a net selling amount of -16.43 million, while SMIC (00981) recorded a net buying amount of +574 million [2]

Core Insights - The 2026 Beijing Commercial Brand Conference and the announcement of the "Top Ten Commercial Brands of Beijing 2025" took place, focusing on the theme of "New Demand, New Supply" [1] - The event highlighted the importance of quality, taste, and brand in driving high-quality development in Beijing's commercial landscape [3] Group 1: Brand Recognition - The "Top Ten Commercial Brands of Beijing 2025" includes brands such as Beijing Daoxiangcun, Beijing Huaten, Beijing SKP, and Xiaomi, representing various sectors like shopping centers, dining, and e-commerce [3] - These brands are recognized as leaders in their fields and are pivotal in promoting the continuous development of Beijing's commercial sector [3][4] Group 2: Market Trends and Innovations - The year 2025 is characterized by industry integration and cross-border innovation, with new special awards introduced to recognize outstanding practices in financial products, cultural tourism, and fashion consumption [7] - The focus has shifted from production capacity to understanding market needs and stimulating demand, opening new opportunities for brands [4] Group 3: Service and Innovation - Four permanent sub-lists were established to recognize excellence in service quality, business model innovation, craftsmanship, and emerging brands, encouraging self-innovation and meeting diverse consumer needs [6] - The event also emphasized the rapid growth of the fashion and trendy play market in Beijing, with initiatives to promote these brands and enhance consumer experiences [8] Group 4: Future Directions - A new platform for cross-industry collaboration was launched, aimed at integrating various sectors such as culture, commerce, tourism, and sports, enhancing resource sharing and market cooperation [8] - The "Top Ten Commercial Brands" initiative has evolved over 20 years, reflecting the growth of numerous brands and the dynamic development of the commercial ecosystem in Beijing [8]

本文源自：金融界AI电报 香港交易所信息显示，摩根大通在美团-WH股的持股比例于01月12日从4.88%升至5.01%，购买的平均 股价为104.3969港元。 ...

编辑丨安安 作者丨彭鑫 继京东之后，又一互联网平台美团切入汽车销售领域。2026年1月15日，上海喜车未来智能科技有限公 司与美团在上海签署战略合作协议。双方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。（新浪财经） ...

Core Insights - The event "2026 Beijing Commercial Brand Conference" was successfully held, revealing the "Top Ten Commercial Brands of Beijing for 2025" under the theme "New Demand, New Supply" [1] Group 1: Event Overview - The conference was guided by the Beijing Municipal Bureau of Commerce and co-hosted by Beijing Daily Media Group and Beijing Commercial Association [1] - The event gathered government leaders, commercial experts, and corporate representatives to witness the unveiling of outstanding brand cases [1] Group 2: Top Ten Commercial Brands - The "Top Ten Commercial Brands of Beijing for 2025" recognizes ten brands that have shown outstanding performance and led industry development [4] - The awarded brands include: - Beijing Daoxiangcun: A century-old brand that redefines new Chinese aesthetics through traditional craftsmanship [4] - Beijing Huatian: A restaurant brand that merges traditional flavors with modern technology [5] - Beijing SKP: A retail center known for its luxury and local high-end brand aggregation [6] - Beijing Sanlitun Taikoo Li: A hub of fashion that continuously innovates and leads global aesthetic trends [7] - Caibai Jewelry: Innovates industry standards with RFID technology and creates cultural IP collaborations [8] - JD.com: Reshapes retail with a super supply chain and drives digital transformation through AI [9] - Meituan: Redefines urban life with a blend of retail and technology, achieving rapid delivery solutions [10] - Pop Mart: A Chinese original toy brand that has gained international recognition and cultural significance [11] - Wuyutai: A century-old tea brand that modernizes traditional tea products for younger consumers [12] - Xiaomi: Focuses on high-end transformation and technological innovation to enhance competitiveness in Beijing [12]

Market Overview - The Hong Kong stock index opened high but closed lower, with the Hang Seng Index down 0.29% at 26,844.96 points, the Hang Seng Tech Index down 0.11% at 5,822.18 points, the National Enterprises Index down 0.5% at 9,220.81 points, and the Red Chip Index down 0.34% at 4,139.41 points [1] Company News - Tencent Holdings (00700.HK) repurchased 1.017 million shares for HKD 636 million at a price range of HKD 619-632 [2] - Xiaomi Group (01810.HK) repurchased 3.9 million shares for HKD 148 million at a price range of HKD 37.86-37.92 [3] - Six Fortune Group (00590.HK) reported a retail value increase of 26%, retail income increase of 17%, and same-store sales increase of 15% in Q3, exceeding expectations [3] - China Southern Airlines (01055.HK) reported a 11.89% increase in passenger capacity and a 19.28% increase in cargo capacity for December 2025 [6] Industry Insights - Tianfeng Securities noted that the Hong Kong stock market has a basis for short-term valuation recovery and sentiment improvement, but upward momentum may be constrained by high overseas interest rates [7] - The firm suggested a focus on technology and consumer sectors that are relatively undervalued [7] - According to Huatai Securities, the market is experiencing a shift towards a bullish sentiment, with historical data indicating a high probability of price increases following a period of panic [8] - Industry recommendations include prioritizing leading companies in the AI sector and exploring opportunities in insurance, banking, energy, and new consumption areas [8]

Core Insights - Meituan has announced the open-source release of LongCat-Flash-Thinking-2601, an upgraded version of its LongCat-Flash-Thinking model [1] - The new model achieves state-of-the-art (SOTA) performance on key evaluation benchmarks such as Agentic Search, Agentic Tool Use, and Tool Interaction Reasoning (TIR) [1] - LongCat-Flash-Thinking-2601 demonstrates significant advantages in the generalization capability of tool usage, outperforming Claude-Opus-4.5-Thinking in complex tasks that rely on tool invocation [1] - The model is designed to reduce the training costs associated with adapting to new tools in real-world scenarios [1] - It supports a "rethink" mode that allows for the simultaneous activation of eight "brains" to execute tasks, ensuring comprehensive thinking and reliable decision-making [1]

新浪科技讯 1月16日下午消息，美团黑珍珠餐厅指南发布消息称，其2026年榜单评选已拓展至江苏南 通、山东青岛、河北石家庄以及辽宁沈阳。其中，沈阳将成为"黑珍珠榜单"探索东北三省地标美食以及 代表性餐厅的始发城市。 据悉，1月27日，黑珍珠餐厅指南将正式发布新一年中国内地的榜单评选结果，届时，四座新开城的餐 厅榜单也将揭晓。自2023年起，"黑珍珠"每年都会增开两到三座城市，2026年，在中国内地的榜单城市 将从2018年首发的19座扩展至32座。 据悉，1月27日，黑珍珠餐厅指南将正式发布新一年中国内地的榜单评选结果，届时，四座新开城的餐 厅榜单也将揭晓。自2023年起，"黑珍珠"每年都会增开两到三座城市，2026年，在中国内地的榜单城市 将从2018年首发的19座扩展至32座。 责任编辑：宋雅芳 责任编辑：宋雅芳 新浪科技讯 1月16日下午消息，美团黑珍珠餐厅指南发布消息称，其2026年榜单评选已拓展至江苏南 通、山东青岛、河北石家庄以及辽宁沈阳。其中，沈阳将成为"黑珍珠榜单"探索东北三省地标美食以及 代表性餐厅的始发城市。 ...

1月16日，据美团消息，LongCat-Flash-Thinking-2601现已开源。同时，新模型支持"重思考"模式，即当 遇到高难度问题时，新模型会把思考过程拆分成"并行思考"和"总结归纳"两步进行。第一财经了解到， 上述模型会应用到美团相关业务上。（第一财经记者 陆涵之） (本文来自第一财经) ...

Core Insights - The LongCat-Flash-Thinking-2601 model has been released as an upgraded version of the LongCat-Flash-Thinking model, now available as open source [1][4] - This new model achieves state-of-the-art (SOTA) performance on key evaluation benchmarks related to agent search, tool invocation, and tool interaction reasoning [1][4] - The model outperforms Claude-Opus-4.5-Thinking in random complex tasks that rely on tool invocation, significantly reducing the training costs for adapting new tools in real-world scenarios [1][4] - The model features a "rethink" mode that allows for the simultaneous activation of 8 "brains" to execute tasks, which can be experienced for free on the LongCat official website [1][4]