Core Insights - The Chinese AI industry experienced a significant surge during the Spring Festival, with major companies like ByteDance, Alibaba, and Tencent actively engaging in AI-related activities while most workers took a break [2][4] - The competition led to record-breaking user interactions, with ByteDance's Doubao achieving 1.9 billion interactions, Alibaba's Qwen serving over 130 million users, and Tencent's Yuanbao facilitating 3.6 billion lottery draws [4][6] - Despite the impressive metrics, the industry faces challenges related to user retention and operational pressures, highlighting a disconnect between user engagement driven by incentives and genuine usage of AI functionalities [6][7] Company Activities - ByteDance's Doubao served as the exclusive AI cloud partner for the CCTV Spring Festival Gala, managing 1.9 billion interactions and ensuring the stability of 100,000 live lottery draws [2] - Alibaba's Qwen team launched the open-source Qwen 3.5 and integrated AI capabilities into consumer platforms like Taobao and Ele.me, resulting in over 130 million users engaging with the service during the festival [2] - Tencent's Yuanbao distributed 1 billion cash red envelopes and facilitated 3.6 billion lottery draws, requiring continuous technical support to maintain product stability [3] Industry Challenges - The rapid user engagement during the festival exposed operational weaknesses, such as the inability of Zhiyu's GLM-5 to handle user demand, leading to phased access and user complaints [4] - The industry is transitioning from a focus on technical achievements to addressing the challenges of high-frequency user interactions and operational reliability [4][9] - The temporary surge in user activity raises concerns about long-term retention, as users attracted by incentives may not continue to engage with AI services once promotions end [6][7] Future Outlook - The industry is expected to shift from a "money-burning frenzy" to a "commercialization elimination race," emphasizing the need for teams that can balance technology, operations, and business strategies [9] - The true value of AI will be determined by its ability to meet real user needs beyond the temporary spikes in engagement seen during promotional events [9]

主编温静导读：2026年春节，元宝、千问、豆包三大巨头以红包、免单为杠杆，发动了一场规模空前的用户争夺战。春节一役过后，豆包、元 宝、千问、Deepseek均跻身"亿级俱乐部"，豆包月活早已达2亿，腾讯近期宣布元宝日活超5000万，月活达1.14亿，千问凭借免单日活巅峰就 达1.4亿。 来源：温静聚焦 2026年马年春节，成为中国C端AI发展的关键里程碑。腾讯、字节、阿里三大互联网巨头携元宝、豆包、千问强势入局，以超45亿元的重金投入掀起AI用 户争夺战，红包补贴、生态联动、技术展演多维发力，最终推动豆包、元宝、千问与DeepSeek集体跻身亿级用户俱乐部。这场战役早已超越传统的流量 博弈，更是巨头基于自身资源禀赋的AI生态卡位战，不仅让AI完成从前沿技术到下沉市场全民"生活搭子"的身份转变，更推动行业竞争从工具层的效率比 拼，走向关系层的场景与信任深耕。 一、核心战果：45亿重金砸出亿级俱乐部，AI完成全民普惠下沉 2026年春节档的AI大战，早已超越传统"撒币换流量"的红包博弈，成为一场围绕C端AI入口主导权的生态豪赌。据公开数据统计，腾讯、字节、阿里三家 合计投入超45亿元，以红包、免单、科技好礼为杠杆 ...

AI 技术的发展促使传媒行业进入商业化变现的新阶段。从军备竞赛转向理性投 资后，各企业开始更加注重效率与产出，这意味着商业化变现成为企业的重要 考量之一。在这种背景下，广告作为移动互联网时代最先实现商业化的重要领 域，将继续发挥关键作用。数字营销板块尤其值得关注，因为它是广告业务的 重要组成部分，并且已经通过 GU（增长黑客）策略提前演绎了一轮市场表现。 此外，通过 CDS 2.0 驱动的视频生成技术（AIGC），传媒行业迎来了新的发 展机遇。CDS 2.0 不仅适用于短视频场景，还具备生产长视频并叙事的能力， 这标志着整个视频生成从技术演示迈入商业化可用阶段。因此，在未来一段时 间内，我们可以预见到电影、游戏、国漫、剧集等多个垂直领域都将受到 AIGC 技术赋能，从而推动整个传媒行业进一步发展。 传媒有望承接 AI 应用新场景 20260223 摘要 字节跳动 AI 应用场景高频，日活跃用户数达 1.55 亿，豆包大模型每分 钟 Token 数达 67,633 亿，C 站 2.0 参与春晚，提升用户活跃度，推动 传媒板块发展。 阿里巴巴千问 AI 春节期间"一句话下单"使用 2 亿次，平均每 10 人中 有 ...

Core Insights - The integration of AI into daily life reached unprecedented levels during the Spring Festival, with significant user engagement and application across various sectors [1][2] - Major tech companies aggressively competed for user acquisition through subsidies and promotions, resulting in record user interactions and engagement metrics [1][2] - The rapid advancements in AI technology and funding during this period indicate a fast-paced development cycle, with no signs of slowing down despite the holiday [2] Group 1: User Engagement and Metrics - On New Year's Eve, the total interactions with Doubao AI reached 1.9 billion, while Alibaba reported nearly 200 million users placing orders through Qianwen [1] - Tencent disclosed that its daily active users surpassed 50 million, with monthly active users reaching 114 million [1] - The massive user engagement reflects a significant shift in consumer behavior and the growing presence of AI in everyday activities [1][2] Group 2: Competitive Landscape - The Spring Festival served as a concentrated battleground for AI companies, highlighting the importance of product-centric competition beyond initial user acquisition [3] - The competition among companies is expected to intensify, focusing on user experience, commercialization, ecosystem collaboration, and computational power [3] - Historical examples of AI competition, such as ChatGPT and DeepSeek, illustrate the unpredictable nature of the market and the ongoing struggle for dominance [3] Group 3: Technological Advancements - Domestic AI has undergone a comprehensive update across various dimensions, including reasoning, video, embodied, and conversational products [2] - The rapid pace of technological iteration and high funding amounts signal an urgent need for companies to innovate and adapt [2] - The evolving public perception of AI has shifted from fear of replacement to a desire for effective utilization, indicating a maturation of the market [3]

| Models 2,647,509 Filter by name | Full-text search * Inference Available 1J Sort: Trending | | --- | --- | | Qwen/Qwen3.5-397B-A17B | Z zai-org/GLM-5 | | [% Image-Text-to-Text · .: 403B · Updated about 16 hou ... · ¿ 303k · + · ♡ 952 | To Text Generation · .: 754B · Updated 11 days ago · · 2 179k · 4 · ♡ 1.48k | | 2 nvidia/personaplex-7b-v1 | 글 Nanbeige/Nanbeige4.1-3B | | 11 Audio-to-Audio · Updated 8 days ago · 2 539k · ♡ 2.18k | To Text Generation · .: 4B · Updated 2 days ago · ¿ 178k · · ♡ 756 | | @ Mi ...

随着春节假期的结束，互联网公司之间的"AI红包大战"也几乎落下帷幕。 据不完全统计，多家互联网公司在2026年春节假期前后合计投入或超过80亿元。在真金白银地"撒钱"后，这些AI工具能留住用户吗？ 红星资本局注意到，在春节假期前后，阿里巴巴（09988.HK）、腾讯控股（00700.HK）和字节跳动等多家互联网公司推出了以AI工具或者相关APP为抓 手的红包分发活动。 专家认为，"AI红包大战"能否留住用户，关键不在红包金额大小，而在红包之外的产品核心价值与体验。 互联网公司发超80亿元红包 四款APP轮流坐榜单第一名 今年春节假期前后，多家互联网公司在AI赛道分发红包：阿里巴巴旗下的千问豪掷30亿元，以"免单"的形式培养用户的使用习惯；腾讯控股旗下的元宝分 发10亿元现金红包；字节跳动旗下的豆包亮相春晚，送出10万份科技礼品…… 据不完全统计，多家互联网公司在2026年春节假期前后合计投入或超过80亿元。活动结束后，部分互联网公司披露了此次"AI红包大战"的战果。 其中，元宝在官方公众号发文表示，在活动期间，元宝的日活跃用户（DAU）超过5000万，月活跃用户（MAU）达到1.14亿。用户累计抽奖超36亿次 ...

深港通（南向）十大活跃成交公司 沪港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 腾讯控股(00700) | 54.62 亿元 | +3.93 亿元 | | 阿里巴巴-W(09988) | 40.66 亿元 | -6517.85 万元 | | 长飞光纤光缆(06869) | 17.97 亿元 | +2.47 亿元 | | 中芯国际(00981) | 16.96 亿元 | -1.21 亿元 | | 小米集团-W(01810) | 15.70 亿元 | +5971.77 万元 | | 泡泡玛特(09992) | 14.76 亿元 | -1.01 亿元 | | 中国海洋石油(00883) | 13.79 亿元 | -4932.73 万元 | | 美团-W(03690) | 12.32 亿元 | +2520.77 万元 | | 南方恒生科技(03033) | 12.17 亿元 | +2.57 亿元 | | 优必选(09880) | 10.28 亿元 | +2.43 亿元 | 智通财经APP获悉，2026年2月24日当天，腾讯控股(00700)、阿 ...

可选消费板块下跌，中国中免（601888）跌超10%。 2月24日，港股收盘走低，恒生指数跌1.82%，恒生科技指数跌2.13%。 | 香港股票 △ | | | | --- | --- | --- | | 恒生指数 | 恒生科技 | 恒生生物科技 | | 26590.32 | 5270.70 15654.19 | | | -491.59 -1.82% -114.65 -2.13% -541.42 -3.34% | | | | 港股通消费 | 港股红利 | 港股现金流 | | 1704.19 | 2318.72 | 2555.21 | | -22.73 -1.32% -2.80 -0.12% -41.84 -1.61% | | | 互联网科技股集体走低，阿里巴巴跌2.7%，金山云跌5%，快手、小米等跌逾2%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 ▲ | 成交额 | | --- | --- | --- | --- | --- | --- | | 0268 | 全蝶国际 | 9.970 c | -0.840 | -7.77% | 7.21亿 | | 0020 | 商沥-W | 2.610 c | - ...

智通财经APP获悉，2月24日港股市场，北水成交净买入31.31亿港元，其中港股通(沪)成交净买入9.6亿港元，港股通(深) 成交净买入21.7亿港元。 北水净买入最多的个股是南方恒生科技(03033)、美团-W(03690)、小米集团-W(01810)。北水净卖出最多的个股是中海油 (00883)、腾讯(00700)、阿里巴巴-W(09988)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 腾讯控股 | 29.28亿 | 25.34 Z | 54.62亿 | | HK 00700 | | | +3.93亿 | | 阿里巴巴-W | 20.01亿 | 20.66亿 | 40.66亿 | | HK 09988 | | | -6517.85万 | | 长飞光纤 ... | 10.22亿 | 7.75亿 | 17.97 亿 | | HK 06869 | | | +2.47 乙 | | 中芯国际 | 7.87亿 | 9.08亿 | 16.96 Z | | HK 00981 | | | -1.211乙 | | 小米集团-W ...

| 南方恒生 ... HK 03033 | 13.96亿 6865.84万 | | 14.6516 +13.27 乙 | | --- | --- | --- | --- | | 中芯国际 | 8.68亿 | 5.26亿 | 13.94 Z | | HK 00981 | | | +3.42 乙 | | 美团-W | 8.50亿 | 1.88亿 | 10.39 亿 | | HK 03690 | | | +6.62 乙 | | :洪洪圆叶 | 4.12 乙 | 4.63亿 | 8.74亿 | | HK 00883 | | | -5057.04万 | | 快手-W | 5.34 亿 | 2.30亿 | 7.63亿 | | HK 01024 | | | +3.04 乙 | | 泡泡玛特 | 3.29亿 | 4.33亿 | 7.62亿 | | HK 09992 | | | -1.04 Z- | 港股通(深)活跃成交股 南方恒生科技(03033)获净买入15.84亿港元。消息面上，银河证券表示，港股科技板块仍是中长期投资主线，经历近期回 调后估值压力下降，在AI大模型更新加快、应用加速推进的背景下，板块有望反弹回升。开源证 ...