21世纪经济报道记者董静怡实习生朱丙淇 行业一览 外汇储备规模升至3.4万亿美元，黄金储备持续增持 中国国家外汇管理局数据显示，截至2026年1月末，中国外汇储备规模升至33991亿美元，环比上升 1.23%；央行黄金储备增持至7419万盎司。外汇局指出，受主要经济体财政与货币政策预期影响，美元 指数下跌，推升了非美元资产的估值。 市场分析指出，美元走弱受到多重因素驱动，包括地缘政治风险加剧、以及特朗普暗示对美元贬值持开 放态度引发的抛售潮。此外，关于Kevin Warsh可能当选美联储主席的预期发酵，导致美债震荡上行， 全球资产价格整体上涨。对于跨境企业而言，汇率波动与储备规模的稳定直接关联着资金结算成本与宏 观环境的确定性。 商务部：服务进出口总额破8万亿，2026年将办百场进口促进活动 商务部数据显示，2025年我国服务进出口总额达80823.1亿元，同比增长7.4%。结构上，知识密集型服 务贸易表现亮眼，电信计算机和信息服务出口增长10.5%，显示出中国服务贸易正向高附加值环节跃 升。 与此同时，为平衡进出口发展，商务部宣布2026年将组织超百场"共享大市场·出口中国"进口促进活 动。官方强调将通过" ...

当有人还在为年货清单犯难时，2月7日北京双井京东MALL里却上演了一场不太一样的"新年派对"。这 一次，在大众印象里常年驻守在屏幕前的京东客服跳出对话框，直接把直播间搬到了京东MALL。这场 由京东客服打造的"国补送年礼"的直播，串联了国补政策解读、消费者真实体验与互动，呈现了一 场"探访未来家"的奇遇记。 直播从下午4点开启，前半程还是熟悉的贴心节奏，以线上直播间为核心：客服主播化身"百科全书"， 针对大家最关心的"各地国补怎么领"、"额度有多少"、"线上线下能不能通用"等问题，逐一在线解答。 把国补内容变成了大白话，帮助观众快速理解国补在线上和线下的适用范围与领取方式，主打一个听得 懂、不吃亏。 到了下午6点，随着一段极具科幻感的"唤醒仪式"，客服主播"小马哥"正式带大家走进京东MALL，开 启关于AI生活的实地探访。在京东MALL一楼3C数码区，客服主播"小马哥"围绕AI应用场景，实地体验 并演示了多款数码产品的核心功能，通过直播镜头，将产品操作直观呈现在了消费者面前。随后，在生 活方式区域，直播介绍了小家电、儿童与宠物类等AI科技产品，并邀请现场顾客参与体验。在家电大 件区域，直播聚焦了智能家电的AI ...

北京商报讯（记者 吴其芸）日前，北京科技职业大学与京东集团在京举行战略合作签约仪式，双方聚 焦具身机器人领域，开启全面战略合作。此次合作协议签署，标志着政校企三方在深化产教融合、共育 高精尖产业急需人才方面迈出关键一步。 北京经济技术开发区工委委员、管委会副主任李全表示，经开区作为北京高精尖产业的主阵地和世界机 器人大会的永久举办地，已集聚了超过300家机器人及智能制造生态企业，产业链规模超百亿元。具身 智能机器人是产业升级的核心方向，而人才是突破发展瓶颈的关键。此次京东集团与北京科技职业大学 的合作，是经开区深化产教融合、破解产业人才瓶颈的标志性实践，构建了从人才培养到产业服务的全 维度生态，不仅精准对接当前技能需求，更为区域机器人产业的长远发展和"研发-制造-应用-服务"产业 闭环的完善注入持久动力。经开区将通过政策赋能、搭建平台、鼓励创新等方式，全力支持相关合作， 打造机器人人才集聚与产业创新高地。 据介绍，未来，双方将整合校企优势资源，聚焦具身机器人等前沿领域，通过共建高水平实训平台、联 合开展技术攻关、推动成果转化与标准输出，形成可复制、可推广的产教融合新范式，为区域经济高质 量发展与产业智能化升级 ...

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are significant, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is highlighted as a critical player in the AI energy sector, owning essential energy infrastructure assets that are poised to benefit from the increasing energy demands of AI [3][7] - This company is not a chipmaker or cloud platform but is positioned as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and benefiting from the onshoring trend driven by tariffs [5][6] Financial Position - The company is noted for being debt-free and holding a significant cash reserve, amounting to nearly one-third of its market capitalization, which provides a strong financial foundation [8] - It also has a substantial equity stake in another AI-related company, offering investors indirect exposure to multiple growth opportunities without the associated premium costs [9][10] Market Trends - The company is strategically aligned with several market trends, including the AI infrastructure supercycle, the surge in U.S. LNG exports, and the focus on nuclear energy as a clean power source [14] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, making investments in AI increasingly attractive [12] Conclusion - The company is positioned to capitalize on the intersection of AI and energy, with a unique footprint in nuclear energy and a role in U.S. LNG exportation, making it a compelling investment opportunity [7][14]

If you looked at the chart of JD.com ( JD ), you would see a stock that has fallen more than 70% in the last 5 years, and that would make you believe that this is aEx- Management Consultant at BCG & McKinsey | CFA L3 | Value Investor since 2009 |I am a Dubai based active investor in equity markets since 2009, and my investment philosophy involves investing in value stocks which are trading at a discount to their intrinsic value. I am also a strong believer in assessing macro trends and sectoral themes to id ...

Core Viewpoint - JD.com has experienced a significant decline in stock value, falling more than 70% over the past five years, indicating potential undervaluation and investment opportunity [1]. Company Analysis - The stock's performance suggests that it may be trading at a discount to its intrinsic value, which could attract value investors [1]. - The company operates in a competitive market, and its long-term growth prospects may be influenced by macroeconomic trends and sectoral themes [1]. Investment Strategy - The investment philosophy involves identifying cyclical and seasonal plays, which have historically provided substantial returns [1]. - A thorough analysis of valuation metrics and insider buying is essential for assessing attractive investment opportunities in JD.com [1].

Core Viewpoint - The article discusses the emerging trend of "self-pickup" in the restaurant industry, highlighting its potential as a new growth opportunity that has been underestimated until now [3][10]. Group 1: Consumer Behavior - The "online ordering and in-store pickup" model is becoming a habitual choice for office workers and young consumers, offering benefits such as cost savings, time efficiency, and better food quality [8][12]. - Many young consumers are not only motivated by saving delivery fees but also by the ability to control pickup times and ensure food quality [12][18]. Group 2: Business Opportunities - Some community stores have reported sales increases of up to 10 times, and certain specialty snacks have seen monthly self-pickup orders double, indicating a significant opportunity for businesses [9][40]. - Self-pickup is evolving from a supplementary option to a key strategy for businesses to address growth anxieties and enhance revenue [12][19]. Group 3: Challenges and Solutions - Despite the potential, self-pickup features are often underutilized, with many platforms focusing primarily on delivery and lacking dedicated resources for self-pickup [21][22]. - Some businesses have recognized the need for a new channel that optimizes costs and enhances brand visibility, leading to a shift towards self-pickup functionalities [16][17]. Group 4: Case Studies - A store manager reported that after integrating self-pickup, daily sales surged from over 1,000 yuan to 10,000 yuan, with online orders increasing from around 100 to 800 per month [31][40]. - Another restaurant saw self-pickup orders grow from 20 to over 200 daily, with a significant increase in customer repeat purchases [36][40]. Group 5: Future Implications - The self-pickup model is not just a new channel but a means to foster deeper connections between brands and customers, enhancing trust and loyalty [52][55]. - As self-pickup becomes a habit for more consumers, it could lead to a more integrated local service network, benefiting both platforms and businesses [55][56].

Core Viewpoint - The retirement life of JD courier Jin Yicai has sparked widespread discussion online, highlighting the financial stability and benefits provided by JD, which contribute to the accumulation of his wealth [1]. Group 1 - Jin Yicai's million yuan savings are attributed to stable salary, comprehensive social security, and JD's "Housing Plan" which offers interest-free loans, along with his frugal habits and prudent financial planning [4].

Core Viewpoint - The article discusses the impact of AI development on e-commerce platforms, particularly focusing on the competitive dynamics between companies like Amazon, Alibaba, and Pinduoduo, emphasizing the importance of consumer trust and value delivery in the retail sector [6][29]. Group 1: AI and E-commerce Dynamics - The daily token consumption in China is projected to increase from 100 billion at the beginning of 2024 to 40 trillion by September 2025, representing a growth of over 400 times [7]. - Major US tech companies are significantly increasing their capital expenditures for AI infrastructure, with Google estimating its 2026 CapEx to be between $175 billion and $185 billion, nearly double its 2025 spending [8]. - Amazon's projected capital expenditure for 2026 is $200 billion, primarily focused on AWS AI infrastructure, while Microsoft anticipates around $150 billion in spending [9]. Group 2: Competitive Analysis of E-commerce Platforms - Amazon's 2025 GMV is estimated at approximately $700 billion, with AI assistant Rufus contributing $12 billion in annual transaction volume, accounting for 1.67% of total GMV [11][12]. - The article critiques the effectiveness of AI assistants in enhancing user experience, suggesting that they often serve as high-level customer service rather than providing significant incremental value [17]. - Pinduoduo's business model emphasizes "lowest price" as a prerequisite for advertising, contrasting with Amazon and Alibaba, which rely on advertising revenue from brand merchants [20][21]. Group 3: Consumer Trust and Value Proposition - The article argues that platforms like Costco succeed because they prioritize consumer trust and value, contrasting with Amazon and Alibaba, which may not always align with consumer needs [22]. - The effectiveness of AI shopping assistants is questioned, particularly in their ability to deliver on consumer expectations for price and quality, with the assertion that they cannot change the underlying business models of platforms like Alibaba [22][23]. - The article concludes that the future of AI in e-commerce will likely favor companies that can maintain consumer trust and deliver genuine value, with Apple and WeChat identified as potential leaders in this space due to their business models [27][28].

2026.02.07 本文字数：1368，阅读时长大约2分钟 作者 |第一财经 陆涵之 半年时间，京东就调整了七鲜小厨的合作模式。对此，艾媒咨询CEO张毅对第一财经记者表示，京东对 于七鲜小厨合作模式的调整，本质是配合全国规模化扩张的策略，该模式有利于门店更快落地。轻资产 模式可以降低京东在资金和人力等方面的风险，而合伙人手握的本地资源可以更好地解决选址、证照以 及在当地市场的其他问题。 此外，张毅表示这过程中也存在挑战，例如高效运营和快速扩张两者之间需要平衡，同时会涉及到跨区 域冷链配送、中央厨房布局、品控以及利润分配等问题，行业也存在激烈的竞争，上述问题都需要应对 之法。 除了模式，七鲜小厨也对产品进行了更新。1月底，七鲜小厨成为北京市首家正式备案的线上专供养老 助餐点，部分门店同步上线"长辈专区"，为老年人提供服务。第一财经从知情人士处了解到，七鲜小厨 正计划将点餐服务扩展至医院、学校等不同场景。 对于这一动作，张毅认为新产品的上线意味着通过供应链赋能民生型餐饮制作平台会是七鲜小厨今后发 展的方向之一，当前养老经济的火爆以及校园餐厅是刚需，两个方向都有潜力。长期看，七鲜小厨或许 作为京东供应链向餐饮端延 ...