王力宏南京演唱会期间，一场"王力宏请你吃鸭啦"的宠粉活动持续刷屏。拿着演唱会票根，就能到8家本地知名门店免费兑换盐水鸭，#王力宏你的兵来南京 吃鸭了 话题连续5天在榜，累计曝光超500万，带动「盐水鸭」品类搜索PV增长趋势破峰，引发粉丝自发讨论寻味。明星的号召力让江南秋冬更具吸引力， 拉动城市商家交易不断增长。 金陵城墙下，热气腾腾的火锅正冒着烟火气；苏州园林里，一家人围坐品茶赏景；无锡的湖畔，年轻人举起手机记录夕阳与晚风……当抖音生活服务遇 上"美美江南"，一场覆盖南京、苏州、无锡三座城市的秋冬生活盛宴就此拉开帷幕。 带着家人寻觅暖心美味，约着好友解锁疗愈时光，或是陪着长辈享受慢节奏旅途，无论和谁在一起，总能在"邂逅美美江南"里找到专属乐趣。这个秋冬，抖 音生活服务通过明星达人种草、商家IP联动、城市大事件等，覆盖餐饮、温泉、酒旅等品类，把江南的秋冬风情变成了触手可及的生活享受，全方位助力商 家突围，活动累计曝光量高达4.1亿。 明星陪你逛江南，开启美美生活模式 什么样的生活才是美美的？追一场演唱会、看一支TVC，get一份超实用的江南秋冬游玩攻略，与美美江南撞个满怀！抖音生活服务将明星效应与城市特色 深度 ...

水皮杂谈 一家之言 兼听则明 偏听则暗 围魏救赵 盘面消息 A股三大指数今日集体回调，截止收盘，沪指跌0.64%，收报4075.92点；深证成指跌 1.44%，收报13952.71点；创业板指跌1.55%，收报3260.28点。 沪深京三市成交额仅有 21945亿，较昨日缩量3090亿。 老水看盘 上证指数今天呈现缩量回调态势，走出浅 V 形态，K 线图收出一根阳十字星。 特别值得关注的是港股的走势，今天恒生指数、恒生科技指数同样呈现探底回升走势，特别是 恒生指数收盘上涨 0.14%，成交金额 3151 亿港币，处于放量水平。资金面方面，北水南下 态势显著，今天净买入金额达 249 亿港币，较昨天翻了一倍。 个股方面，此前遭刻意做空的腾讯控股从下跌 3% 一路反弹至红盘报收，宣布 50 亿美元回 购计划的百度高开高走，阿里巴巴盘中一度下跌 3%，最终亦红盘收盘。恒生科技指数的探底 回升，与 A 股调整后有望反身向上的方向保持一致。（本文数据来自：choice数据） 一句话点评：围魏救赵 。 截至收盘，上证指数下跌 0.64%，深证成指跌幅更大，达 1.44%。个股表现普遍回落，下跌 个股数量达 3553 家， ...

2月4日晚间，据阿里员工社交媒体爆料，阿里巴巴创始人马云现身杭州阿里总部千问春节项目组办公区。现场照片显示，马云头戴棒球帽，在阿里巴巴合伙 人邵晓锋陪同下到访。 此次现身正值千问春节营销关键节点。2月6日，千问将启动30亿元"春节请客计划"，以"吃喝玩乐免单不停"为主题，这是阿里历史上春节活动最大规模投 入。同时，千问APP已独家冠名东方、浙江、江苏、河南四家卫视马年春晚。 千问APP内部人士向《科创板日报》透露："千问希望在今年春节期间，融入到人们真实的生活消费之中。"目前该应用已全面接入淘宝、支付宝、飞猪、高 德等阿里生态场景，测试AI购物功能。 千问C端事业群于2025年12月成立，整合了原智能信息与智能互联业务板块。集团副总裁吴嘉表示，各业务和千问会有共同目标，"未来AI会带来大量新的 生活服务，绝对不只是存量"。 随着春节临近，AI应用竞争持续升温。微信安全中心2月4日发文称将对春节营销违规行为进行打击。 ...

大公司： 日发精机：聘任李永龙为公司副总裁 36氪获悉，日发精机公告，公司董事会同意聘任李永龙为公司副总裁，任期自本次董事会审议通过之日 起至第九届董事会任期届满之日止。 投融资： 美团：拟7.17亿美元收购叮咚 36氪获悉，美团公告，于2026年2月5日（非交易时段），收购方、转让方及梁昌霖订立股份转让协议， 据此（其中包括）收购方同意收购，而转让方同意出售转让方所持有目标公司Dingdong Fresh Holding Limited全部已发行股份，初始代价为7.17亿美元（可予调整），惟转让方可从目标集团（目标公司及其 附属公司）提取不超过2.80亿美元的资金后，仍需确保目标集团净现金不低于1.50亿美元。 小米汽车将辅助驾驶安全里程门槛降至300公里 36氪获悉，小米汽车宣布，最新版本OTA已陆续推送，辅助驾驶安全里程门槛降低。小米汽车介绍，辅 助驾驶安全里程门槛从1000km降至300km，设定这样的门槛，是为了让大家可以先逐步熟悉辅助驾驶 功能，培养充分的安全意识。小米汽车提醒，辅助驾驶不是自动驾驶，请时刻关注路况，及时控制车 辆。 吉利及雷诺合资公司浩思动力首次亮相印度ACMA展，开拓新兴市场 ...

近日，由中国驻西班牙大使馆、马德里中国文化中心支持的上海民族乐团"欢乐春节"西班牙新春巡演在多座城市陆续上演。作为本次巡演的重要支持 方，菜鸟西班牙为演出提供全程乐器陆地运输保障，依托专业、成熟的海外本地快递服务，助力中国民族音乐顺利走进西班牙各地舞台。 据记者了解到，本次巡演涉及中国鼓、箜篌、笙、阮等多种民族乐器，乐器形制复杂、价值较高，对装卸规范与运输安全性具有严格要求。同时，巡演 行程覆盖西班牙多座城市，演出节奏紧凑、城市间转场频繁，对跨城运输的时效性、执行稳定度及协同能力提出了更高标准。 菜鸟西班牙团队进行巡演乐器转运作业 定制化运输方案，支撑多城市巡演高效运转 据了解，围绕巡演整体安排，菜鸟西班牙本地快递团队在项目前期即参与运输统筹，根据演出路线、场馆条件及时间节点，制定针对性的陆地运输方 案，并对装卸流程、转运节奏及交付节点进行精细化安排。通过本地专业车辆与运营团队的协同调度，菜鸟完成了乐器在不同城市之间的有序转运衔接，确 保核心乐器在多场次、高频转场情况下依然能够安全、准时抵达各演出场馆。 在执行过程中，依托成熟的本地调度机制与干线运输能力，菜鸟能够灵活应对多城市联动、多批次转运等复杂场景，有效 ...

首席品牌评论 . 热门品牌案例，专业深度评论。在这里，读懂品牌之道！ 以下文章来源于首席品牌评论 ，作者首席品牌评论 作者：首席品牌评论 来源：首席品牌评论 今年春节，互联网大厂的AI战事，被阿里一把火烧到了白热化。 -------------------------- 2月2日，阿里千问官宣， 砸下30亿启动"春节请客计划"， 联动淘宝闪购、飞猪、盒马等全生态业 务，用免单、现金红包的方式，把AI硬生生塞进普通人的吃喝玩乐里。 如此大手笔，不仅创下阿里历年春节活动的最高投入纪录，更是一举碾压了腾讯元宝此前宣布的10 亿现金红包，在2026年大厂AI红包大战中，直接摆出了寸土不让的架势。 01 抢夺入口 "阿里这是杀疯了！" 消息一出，业内哗然。刚卷完外卖又来卷AI，很多人骂阿里卷疯了。30亿，不是小数目，砸进一个 还在烧钱、尚未形成明确盈利闭环的AI赛道，还不如省下来给股东分红。 但熟悉互联网江湖的人都清楚，阿里不是一个会为了面子而盲目烧钱的玩家。这30亿砸下去，是一 次关乎阿里下一个十年命运的押注。 要读懂阿里的疯，得先看清当下AI赛道的生存真相。 2025年的数据显示，字节豆包月活已经冲到1.72亿，日 ...

在公众侧， 国际奥委会也将在官网（Olympics.com）上线基于千问大模型打造的"奥运AI助手"。该助 手将面向全球观众开放，能够实时、精准地解答关于赛事规则与奥运历史的各类提问，通过AI技术拉 近大众与奥运的距离。 考文垂在现场评价了AI技术对本届冬奥会的变革性意义。她表示，得益于千问大模型的技术支撑， 2026年米兰冬奥会展现了奥林匹克运动的智能化未来，将成为史上"最智能"的一届奥运会。 回顾双方合作历程时，考文垂称阿里巴巴一直是奥林匹克运动的一个"具有变革性的合作伙伴"。从东 京、北京到巴黎，阿里云持续推动奥运的效率与可持续性。她特别指出："阿里千问大模型的技术将为 奥运带来更智能的运营、更深入的互动，并为奥林匹克运动带来新的可能性。" 2月5日，米兰冬奥会开幕在即，国际奥委会主席柯丝蒂·考文垂在国际转播中心宣布，国际奥委会已基 于阿里千问大模型打造了奥运史上首个官方大模型。 《中国经营报》记者了解到，这一奥运官方大模型将在专业赛务与公众服务双端同步落地。 在赛务侧，国际奥委会在其面向各国奥委会工作人员的网站上线了"国家奥委会AI助手"。 该助手依托千问大模型强大的多语言理解能力，并通读数百万字官方 ...

文 ｜ Dale 编辑 ｜ 董雨晴 来源｜ 凤凰网科技（ID：ifeng_tech） 封面来源 ｜ Unsplash 都是兄弟部门，腾讯一视同仁。 一时间网友们兴致勃勃的评论道，微信终于还是把自家"兄弟"的红包给封了。还有摸不清路数的路过群众问道，"微信和元宝不是一家的吗？" 就在三天前的2月1日，腾讯旗下AI助手元宝高调启动"上元宝，分10亿"春节活动，用户将元宝App更新到2.55.0版本以上即可参与。 微信平台亲手封禁了自家兄弟的推广链接，这是怎么回事？ 2026年2月4日一大早，当用户兴致勃勃的完成首轮红包提现，试图再在微信群聊中分享、点击元宝红包链接时， 一条风险提示突然弹出："网页包含诱导分 享、关注等诱导行为内容"。 双方回应，你来我往 当日10时26分，微信官方率先发布说明，针对春节营销活动，其表示，"我们收到用户针对元宝的反馈和投诉，其相关春节营销活动存在通过'做任务''领红 包'等方式诱导用户高频分享链接到微信群等场景，干扰平台生态秩序、影响用户体验、对用户造成骚扰。" 根据活动规则，用户每有1人通过其分享的链接领取红包，分享者即可增加1次抽奖机会，该项任务上限高达30次。这种强绑定设计直 ...

Group 1 - The core point of the news is the significant drop in precious metal prices, with gold experiencing its largest single-day decline in 40 years and silver hitting a historic intraday drop of 36% [1][2][4] - On January 31, spot gold prices fell over 12%, reaching a low of $4682 per ounce, while closing down 9.25% at $4880 per ounce [2][4] - Spot silver prices dropped to a low of $74.28 per ounce, closing down 26.42% at $85.259 per ounce [4][8] Group 2 - The sell-off in precious metals was triggered by the strengthening of the US dollar, following the announcement of Kevin Walsh as the new Federal Reserve Chairman, which raised concerns about the Fed's independence [4][6][7] - The dollar index saw a significant increase, marking its largest single-day rise since July of the previous year, which negatively impacted investor confidence in gold and silver [4][5] - The market was already experiencing a demand for a correction, and the combination of factors, including the Fed chair nomination and broader capital flow dynamics, acted as a catalyst for profit-taking [4][6] Group 3 - The broader US stock market also faced declines, with major indices closing lower due to uncertainties surrounding Federal Reserve policies, inflation pressures, and geopolitical risks [5] - The gold sector saw substantial losses, with major companies like Barrick Gold and AngloGold experiencing declines of over 10% [5] - The sell-off in precious metals was characterized by panic selling and profit-taking, particularly among leveraged positions, which exacerbated market volatility [8][12]

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report On February 3, the overall capital market remained stable; the bond market was mainly fluctuating, with short - term bonds being weak and medium - and long - term bonds being slightly strong; the main indexes of the convertible bond market rose collectively, and most convertible bond issues increased; the yields of U.S. Treasury bonds of different maturities showed divergent trends, and the yields of 10 - year government bonds of major European economies generally increased [1][2]. 3. Summary by Directory 3.1 Bond Market News - **Domestic News**: On February 3, the 2026 Central No. 1 Document was released, proposing reforms in rural collective property rights, support for new rural collective economies, and measures to control village - level debt. The central bank will conduct an 800 billion yuan 3 - month term buy - out reverse repurchase operation on February 4, resulting in a net investment of 100 billion yuan. The central bank Shanghai Head Office emphasized continuous financial reform and opening - up, and promoted free - trade zone financial reform [4][5]. - **International News**: On February 3 (local time), the U.S. House of Representatives passed a government funding bill, and the partial government shutdown is expected to end. However, the U.S. Department of Homeland Security only has funds until February 13, and there is still a risk of a more limited funding shortage [7]. - **Commodities**: On February 3, international crude oil and natural gas futures prices rose. WTI March crude oil futures rose 1.72% to $63.21 per barrel, Brent April crude oil futures rose 1.56% to $67.33 per barrel, COMEX gold futures rose 6.94% to $4975.30 per ounce, and NYMEX natural gas prices rose 3.49% to $3.377 per ounce [8]. 3.2 Capital Market - **Open - Market Operations**: On February 3, the central bank conducted a 7 - day reverse repurchase operation of 105.5 billion yuan at a fixed interest rate of 1.40%. With 402 billion yuan of reverse repurchases maturing on the same day, the net withdrawal of funds was 296.5 billion yuan [10]. - **Funding Rates**: On February 3, the capital market was generally stable. DR001 decreased by 4.76bp to 1.371%, and DR007 increased by 0.66bp to 1.497%. Other funding rates also showed different degrees of change [11][12]. 3.3 Bond Market Dynamics - **Interest - Rate Bonds**: On February 3, the bond market fluctuated, with short - term interest - rate bonds being weak and medium - and long - term bonds being slightly strong. As of 20:00 Beijing time, the yield of the 10 - year Treasury bond active bond 250016 decreased by 0.40bp to 1.8110%, and the yield of the 10 - year China Development Bank bond active bond 250215 remained unchanged at 1.9580%. Multiple bonds were issued on the same day, with different issuance scales, winning bid yields, and multiples [14][15]. - **Credit Bonds**: On February 3, there were no credit bond transactions with a price deviation of more than 10%. Several companies had credit - related announcements, including debt repayment difficulties, litigation, debt restructuring, and issuance cancellations [16][18]. - **Convertible Bonds**: On February 3, the A - share market rose, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rising 1.29%, 2.19%, and 1.86% respectively. The main indexes of the convertible bond market also rose collectively. The trading volume of the convertible bond market was 97.548 billion yuan, an increase of 12.465 billion yuan from the previous trading day. Most convertible bond issues increased. Tomorrow (February 5), Haitian Convertible Bonds will start online subscriptions, and Shangtai Convertible Bonds will be listed [18][19][23]. - **Overseas Bond Markets**: - **U.S. Bond Market**: On February 3, the yields of U.S. Treasury bonds of different maturities showed divergent trends. The 2 - year U.S. Treasury bond yield remained unchanged at 3.57%, and the 10 - year U.S. Treasury bond yield decreased by 1bp to 4.28%. The 10 - year inflation - protected Treasury bond (TIPS) break - even inflation rate increased by 1bp to 2.36% [22][24][25]. - **European Bond Market**: On February 3, the yields of 10 - year government bonds of major European economies generally increased. The 10 - year German government bond yield increased by 2bp to 2.89%, and the yields of 10 - year government bonds of France, Italy, Spain, and the UK increased by 1bp, 1bp, 2bp, and 1bp respectively [26]. - **Chinese - Issued U.S. Dollar Bonds**: As of the close on February 3, the prices of Chinese - issued U.S. dollar bonds showed different degrees of change, with some rising and some falling [28].