智通财经APP获悉，周三，纳斯达克中国金龙指数大涨2%，热门中概股上扬，哔哩哔哩(BILI.US)涨超 7%，百度(BIDU.US)涨超6%，拼多多(PDD.US)涨超3%，阿里巴巴(BABA.US)、京东(JD.US)涨超2%。 此外，日内港股反弹，恒生科技指数涨超1%。消息面上，桥水投资公司表示，今年仍然看好中国股 票。桥水的境内私募基金管理公司在去年12月份致投资者的信中表示，继2025年大幅上涨之后，随着企 业盈利预期改善，中国股票"在一定程度上仍然具有吸引力"。 ...

周三，纳斯达克中国金龙指数大涨2%，热门中概股上扬，哔哩哔哩(BILI.US)涨超7%，百度(BIDU.US) 涨超6%，拼多多(PDD.US)涨超3%，阿里巴巴(BABA.US)、京东(JD.US)涨超2%。此外，日内港股反 弹，恒生科技指数涨超1%。消息面上，桥水投资公司表示，今年仍然看好中国股票。桥水的境内私募 基金管理公司在去年12月份致投资者的信中表示，继2025年大幅上涨之后，随着企业盈利预期改善，中 国股票"在一定程度上仍然具有吸引力"。 ...

Group 1 - A-shares opened on January 21 with all three major indices rising, with the Shanghai Composite Index increasing by 0.11%, led by gains in the electronics, communications, and defense sectors, while coal and retail sectors saw declines [1] - The domestic substitution trend is gaining momentum, with semiconductor technology stocks performing strongly; the Chip ETF (159995.SZ) rose by 3.11%, with key component stocks like Loongson Technology up by 20.00%, Haiguang Information up by 8.95%, and others showing significant increases [1] Group 2 - Alibaba held a product launch for the Qianwen APP, which integrates over 400 new features and connects with various Alibaba ecosystem services, marking a shift towards AI-driven operations [3] - According to Guotai Junan Securities, the rapid iteration of domestic model products like Qianwen is expected to stimulate demand for domestic computing power investments, enhancing the maturity of mainstream applications and increasing capital expenditure and penetration rates of domestic computing chips [3] - The Chip ETF (159995) tracks the Guozheng Chip Index, comprising 30 leading companies in the A-share chip industry across materials, equipment, design, manufacturing, packaging, and testing, including major players like SMIC and Cambrian [3]

随着字节跳动在AI云基础设施与消费级应用两端同时发力，凭借激进的定价策略与庞大的流量生态，已对阿里和腾讯构成了实质性的"倒逼之势"，迫使其必须 在2026年这一战略转折点上加大投入以捍卫核心领地。 据英国《金融时报》周三报道，字节跳动旗下的火山引擎已迅速成长为中国第二大AI基础设施提供商，其"AI云"市场份额在2025年上半年达到13%，仅次于阿 里巴巴的23%。 这一数据表明，字节跳动正利用其在AI领域的先发优势，打破长期由阿里、腾讯和华为主导的云市场格局。 另一面，在消费级应用端，字节本身控制着用户的时间，公众号"研外之意"指出，AI入口最可怕之处在于其位置比搜索更靠前，一旦用户习惯先问AI，传统App 将面临被边缘化的风险，这也是腾讯与阿里"输不起"的根本原因。 高盛在最新研报中将2026年定义为中国互联网巨头的"关键之年"。 面对字节跳动旗下豆包App日活突破1亿、日均Token消耗量国内第一的攻势，阿里巴巴和 腾讯必须大幅增加AI To-C端的资本与运营支出。 中国互联网巨头的AI竞争正从单纯的模型参数比拼，迅速演变为一场关乎生存的"默认入口"争夺战。 字节跳动"AI云"突围：13%份额打破三足鼎立 ...

Core Insights - China's technology giants, including Alibaba and ByteDance, are entering a new phase of the AI race termed 'agentic commerce,' focusing on transforming chatbots into comprehensive shopping and payment tools [1] Group 1: Alibaba's Qwen AI Chatbot Update - Alibaba has updated its Qwen AI chatbot, enabling users to complete transactions directly within the interface, such as ordering food and booking air tickets [2] - The update integrates Qwen with Alibaba's broader e-commerce ecosystem, allowing users to compare tailored product recommendations from platforms like Taobao and Fliggy, and complete payments through Alipay without leaving the chatbot [2][3] - Previously, Qwen could only make recommendations based on user prompts, requiring users to navigate multiple platforms for purchases [3] Group 2: Shift to Agentic AI - The update signifies a broader shift among global AI firms from foundational AI models to "agentic AI," which performs tasks on behalf of users with minimal supervision [3] - The transformation of commercial services through agentic AI enhances user engagement and builds a sustainable competitive advantage, often referred to as a business moat [4] Group 3: E-commerce as a Use Case - E-commerce is emerging as one of the earliest and most widespread applications of agentic AI, with payment and tech giants in the U.S. also launching their initial versions recently [5] - Alibaba is well-positioned to lead in agentic commerce due to its advanced large language model capabilities and extensive e-commerce network covering various sectors such as clothing, food, housing, and transportation [6]

本文源自：金融界AI电报 据香港交易所披露，摩根大通（JPMorgan）对阿里巴巴集团控股有限公司 - W的多头持仓比例于2026年 1月15日从7.99%增至8.03%。 ...

美股中概股盘前多数上涨，拼多多涨7%，哔哩哔哩涨4%，阿里巴巴涨3%，携程涨2%，京东涨1%，蔚 来涨0.6%。 ...

据香港交易所披露，摩根大通对阿里巴巴集团控股有限公司 - W的多头持仓比例于2026年1月15日从 7.99%增至8.03%。 ...

2026 年伊始，阿里巴巴的即时零售野心彻底撕下模糊面纱。 在面向投资者的最新交流中，集团明确锚定淘宝闪购核心目标；2026 年全力冲刺 "市场份额增长"，誓 以持续加码的投入，夺取即时零售赛道的 "绝对第一"。 这一硬核目标由集团 CEO 吴泳铭、淘天集团 CEO 蒋凡亲自站台宣告，标志着阿里即时零售战略完成关 键跃迁：从 "参与竞争" 的试探姿态，正式升级为 "必须赢下竞争" 的决战宣言。 为何必须不惜代价争夺"绝对第一"？ 2025年二季度，阿里首次将饿了么归入中国电商集团即时零售板块核算，同期即时零售实现收入147.84 亿元，同比增长12%，成为集团内少数保持双位数增长的业务板块。 而其战略价值更不止于自身增长，即时零售作为高频消费入口，已为淘宝天猫主站注入显著活力，阿里 巴巴中国电商事业群CEO蒋凡透露，2025年8月淘宝闪购直接拉动手机淘宝APP日活跃用户数（DAU） 增长20%，并有效带动广告和客户管理收入（CMR）上涨。 与此同时，消费者对"所见即所得"的即时性需求迎来爆发式增长。 商务部研究院《即时零售行业发展报告（2025）》明确显示，2025年我国即时零售市场规模预计达9714 亿元， ...

本文源自：金融界AI电报 港股科技股走强，恒生科技指数涨幅一度扩大至1.7%。个股中，快手、华虹半导体涨超5%，百度集 团、同程旅行涨超4%，中芯国际、阿里健康涨超3%，阿里巴巴、比亚迪电子、哔哩哔哩、舜宇、比亚 迪股份涨超2%。 ...