新华社北京2月3日电 2月2日，阿里巴巴旗下的千问App宣布投入30亿元启动"春节请客计划"，联合淘宝 闪购、飞猪、大麦、盒马、天猫超市、支付宝等阿里生态业务，发放现金红包、提供免单机会。 近日，在小米集团与蚂蚁集团的联手合作下，AI眼镜又落地了新功能——停车缴费。在此之前，京东 科技携手智能眼镜品牌乐奇，已推动AI眼镜购物应用落地。 "千问App希望通过真金白银的投入，培养用户'有事找AI'的习惯。"千问产品负责人郑嗣寿表示，用户 不再需要在多个手机应用之间反复跳转，只需向AI表达意图，即可完成从决策到履约的全过程，带来 AI时代的全新消费体验。 不久前，腾讯也上线了春节活动，用户上元宝App可分10亿元现金红包；百度宣布，自1月26日至3月12 日，用户在百度App使用文心助手，有机会瓜分5亿元现金红包。 开启AI红包大战、发放新春消费券、直播间里办"新春大集"……2026年春节来临之际，多家互联网平台 已经开启消费预热模式。 互联网公司在春节扎堆营销自家AI的背后，不仅只是在争夺超级流量入口，更是看中了可供挖掘的消 费潜力。 借助提前预见的能力，人工智能技术正在消费领域唤醒需求：空调小程序根据近期用电峰 ...

February 3, 2026 01:08 PM GMT China Internet | Asia Pacific No Evidence of VAT Impact We think market concern about potential negative impact from VAT regulation is overdone – state media Xinhua dismissed speculation. Unlike telcos, there's no evidence of any change in VAT on Internet-related service revenues (games, ads, etc.). Key Takeaways At one point on February 3, the Hang Seng Tech Index was down >3% (Tencent -6%; BABA -5%) in the morning session, mainly driven by market concern about potential negat ...

Summary of the Conference Call on AI Annual Report Analysis Industry Overview - The conference focused on the analysis and outlook of AI annual reports, particularly in the TMT (Technology, Media, and Telecommunications) sector, with a specific emphasis on domestic and international AI companies [1][2][4]. Key Points and Arguments General Market Sentiment - The period from October 31 to March is characterized as a performance vacuum, where the focus is on thematic investments rather than immediate earnings results [2][3]. - The spring market is expected to see a resurgence, with significant activity anticipated around March [3][4]. North American Companies - North American companies, particularly those involved in AI and cloud computing, have reported earnings that exceeded expectations, indicating strong capital expenditure in AI [4][6]. - Companies like Microsoft and Meta have shown robust spending on AI infrastructure, reflecting a positive outlook for the sector [4][6]. - Despite some domestic companies underperforming, their stock prices have rebounded, suggesting that market sentiment is more focused on thematic trends rather than immediate earnings [5][6]. Domestic AI Companies - Domestic AI companies are experiencing a supply-demand imbalance, with strong demand for AI-related products and services, despite some companies reporting earnings below expectations [6][7]. - The industry is characterized by a shortage of materials and components, which is driving prices up and creating a favorable environment for growth [6][7][10]. Future Growth Projections - There is a consensus that the growth trajectory for AI companies will continue to be strong, with expectations for significant growth in 2026 and beyond [8][9]. - Many companies are currently undervalued, trading at price-to-earnings (P/E) ratios between 15x to 20x, which presents a potential investment opportunity [8][9]. Specific Company Insights - Companies like Wan, Tianfu Communication, and others are highlighted for their potential despite recent earnings misses, as the overall industry outlook remains positive [4][6][7]. - The demand for GPUs and AI chips is expected to remain high, with domestic companies like Cambrian facing challenges but still showing potential for recovery [9][10]. Application and Innovation - The conference emphasized the importance of AI applications, particularly in gaming and media, with companies like Tencent and ByteDance leading the charge [14][15]. - The emergence of AI-driven applications is seen as a significant growth area, with expectations for increased investment and innovation in this space [14][15]. Regulatory and Market Concerns - There are concerns regarding potential regulatory impacts on the gaming industry, but these are largely viewed as unfounded and not likely to affect the overall market significantly [15][16]. - The market is currently experiencing volatility, but analysts suggest that this presents buying opportunities for fundamentally strong companies [21][22]. Additional Important Insights - The conference highlighted the importance of monitoring capital expenditure trends among major tech companies, as this will influence the demand for AI infrastructure and services [36][37]. - The potential for new technologies, such as diamond-based cooling materials for semiconductors, was discussed as a future growth area [24][25]. - Analysts recommend focusing on companies with strong fundamentals and growth potential, particularly in the AI and semiconductor sectors, as the market continues to evolve [22][23][39].

Summary of Conference Call Notes Industry Overview - The telecommunications industry is facing a change in the value-added tax (VAT) rate, with the tax rate increasing from 6% to 9% for certain services, which will impact company revenues and profits [1][2]. - Concerns have been raised regarding whether the financial and internet sectors will also face similar VAT rate increases [2][3]. Key Points on Tax Policy - The Ministry of Finance and the State Administration of Taxation announced that only mobile data, SMS, MMS, and broadband access services will be reclassified from "value-added telecommunications services" (6% VAT) to "basic telecommunications services" (9% VAT) by 2026 [2][3]. - Internet value-added services, such as gaming and advertising, will maintain a stable VAT rate of 6%, with no indications of an increase [4]. Positive Outlook on Chinese Internet Companies - **Alibaba (9988.HK)**: - Strong potential for the Qianwen App due to its robust model capabilities and extensive business ecosystem, positioning it well for the AI era [4]. - As one of the largest cloud service providers in the Asia-Pacific region, Alibaba is expected to maintain high growth in cloud business driven by AI demand [4]. - The self-developed AI chip "Zhenwu 810E" enhances the training and inference efficiency of the Qwen model [4]. - Improvement in instant retail user experience (UE) is noted. - Target price set at HKD 200 for Alibaba, with a "Buy" rating reaffirmed [4]. - **Tencent Holdings (0700.HK)**: - Active in AI initiatives, including intensive recruitment of high-end AI talent and the launch of "Yuanbao" with a distribution of 1 billion cash rewards [4]. - Tencent's vast user base in the WeChat ecosystem allows for better AI user experiences through enhanced data quality and model optimization [4]. - Target price set at HKD 767 for Tencent, with a "Buy" rating reaffirmed [5]. - **Kuaishou (1024.HK)**: - Expected revenue for Kuaishou AI in 2025 is projected to reach USD 140 million, significantly exceeding the target of USD 60 million [5]. - The Kuaishou 2.6 model ranks among the top in the ArtificialAnalysis video model rankings, with the upcoming Kuaishou 3.0 expected to enhance productivity tool attributes [5]. - The OneRec and OneSearch features are designed to improve recommendation and search efficiency in e-commerce scenarios [5]. - Target price set at HKD 94 for Kuaishou, with a "Buy" rating reaffirmed [5]. Additional Insights - The reclassification of telecommunications services is a clear policy direction that does not affect internet value-added services, which may provide a competitive advantage for companies in the internet sector [3][4]. - The focus on AI capabilities and enhancements in user experience across major internet companies indicates a strong trend towards leveraging technology for growth and market positioning [4][5].

本报记者 袁璐 春节临近，互联网巨头间的"红包大战"再度打响。腾讯元宝抢先出手，撒出10亿元现金红包；百度紧随 其后，投入5亿元加入战局；阿里千问则启动规模达30亿元的"春节请客计划"。 这场亿元级别的"红包雨"，背后是大厂对AI（人工智能）流量入口的激烈争夺，各家都想复刻当年微信 通过红包引爆市场的成功。但行业专家指出，若后续产品力不足，热闹可能只是"昙花一现"。唯有把短 期流量转化为真实的用户习惯，才是实现长效增长的关键。 春节红包大战再起 2月2日，阿里巴巴旗下AI助手"千问"宣布将于6日正式上线总额30亿元的"春节请客计划"。该计划联合 淘宝闪购、飞猪、大麦、盒马等阿里系业务，以"免单"形式为用户提供消费福利。 1月25日，腾讯元宝宣布将分10亿元现金红包，活动自2月1日持续至17日，单个红包最高可达万元。同 日，百度也宣布，1月26日至3月12日期间，在百度App使用文心助手可参与瓜分5亿元现金红包，最高 奖励同样为1万元。 记者注意到，与以往"直接撒钱"不同，此次三家公布的红包活动均与AI产品功能进行了深度绑定。 腾讯元宝的红包玩法植根于其社交生态。用户可通过每日登录、完成任务抽奖、分享至微信或Q ...

3.武汉经开区企业武汉市龙点睛智能科技有限公司自研的"龙点睛穿刺手术导航设备"，近日获国家药监 局三类医疗器械审批并上市，该设备可助力医生安全、精准、高效开展肺结节活检、肿瘤消融等微创手 术。 【机构观点】 东方证券研报称，机器人板块确定性加强，后续设备性能将大幅提升，有望加速在工业及C端场景的需 求突破，人形机器人市场空间进一步打开，催生投资机会；机器人拟人化趋势将带动传感器、电子皮肤 等相关零部件需求，而国内在汽车、工程机械零部件领域已验证优秀制造与管理能力的公司，有望在该 赛道占据更高份额。 （文章来源：每日经济新闻） 【市场复盘】 本周二(2月3日)，A股人工智能与机器人赛道爆发，相关主题ETF强势上涨，普涨格局凸显市场做多热 情。机器人ETF(562500)早盘高开后在日均线附近盘整，午后持续拉升冲高，最新价1.072元，较开盘价 上涨2.682%。持仓层面，66只成分股中62只同步上涨，普涨态势鲜明，科瑞技术强势涨停，中控技术 等4只个股涨超6%形成强劲跟涨梯队，无明显下跌标的拖累盘面。流动性方面，成交额达11.29亿元， 换手率4.54%，成交活跃度稳居高位，量能充分支撑上涨走势。科创人工智能E ...

【市场复盘】 本周二(2月3日)，A股人工智能与机器人赛道爆发，相关主题ETF强势上涨，普涨格局凸显市场做多热 情。机器人ETF(562500)早盘高开后在日均线附近盘整，午后持续拉升冲高，最新价1.072元，较开盘价 上涨2.682%。持仓层面，66只成分股中62只同步上涨，普涨态势鲜明，科瑞技术（002957）强势涨 停，中控技术等4只个股涨超6%形成强劲跟涨梯队，无明显下跌标的拖累盘面。流动性方面，成交额达 11.29亿元，换手率4.54%，成交活跃度稳居高位，量能充分支撑上涨走势。科创人工智能ETF华夏 (589010)早盘高开后小幅回落，午后震荡上行，最新价1.594元，较开盘价上涨2.179%。持仓层面，30只 成分股做多力量集中释放，28只个股同步走涨，思看科技大涨9.90%领涨，芯原股份等3只个股涨超7% 形成跟涨梯队；仅寒武纪跌超9%形成个别拖累，对盘面影响有限。流动性方面，成交额8889万元，换 手率3.47%，成交活跃度维持高位，场内交投情绪热烈；资金端表现积极，昨日净流入1900万元资金， 彰显市场对赛道上涨的坚定信心。 【热点要闻】 1.2月3日百度、阿里同日官宣2026年春晚相关合 ...

一个人、一台电脑，就是一家公司。 人工智能时代，"一人公司"也能"单人成军"。 2月3日，武汉首个OPC社区——武汉滨江亲橙人工智能OPC社区在武汉阿里中心揭牌。 社区为"一人公司"提供资本、算力、政策等一系列创业支持，符合条件的"一人公司"还可在 此申请免费工位。 走进武汉阿里中心7楼的OPC社区，开放式的工位打破了传统格子间的局限。暖色地 毯、橙色屏风与随处可见的绿植营造出温馨氛围。门口的公告栏上贴满社区活动通知，便签 纸上是入驻创业者的个性化名片。 "去年10月武汉阿里中心开园后，我们试点推出了OPC社区一期，目前124个工位几乎全 部满员。"阿里巴巴集团副总裁、总务部&不动产管理部总裁刘菲说，二期3000平方米250个 工位将于今年8月开园，提供可拎包入住的精装工位、共享会议室及路演大厅。 一个人可以随时随地办公，为何选择公共办公空间？ "'一人公司'既是机遇，也充满挑战。"云中星辰（武汉）科技有限公司创始人卢朝阳坦 言，创意研发、产品营销、客户服务都得自己扛，还面临算力成本高、产业资源对接难、商 OPC社区一期124个工位几乎满员。 业认知有限等共性挑战。 武汉阿里中心项目负责人花君杰表示，社区配备 ...

Core Insights - The 2026 Spring Festival Red Packet War marks a significant shift in the competitive landscape of the Chinese internet industry, with a focus on AI-driven applications and user engagement strategies [1][11][15] Group 1: Marketing Strategies - Tencent's Yuanbao announced a 1 billion yuan red packet initiative, which quickly became a popular topic in social media, showcasing the effectiveness of social sharing in driving user engagement [2][3] - Alibaba's Qianwen responded with a more ambitious 3 billion yuan "Spring Festival Treat Plan," integrating various services from its ecosystem to enhance user experience during the holiday season [3][5] - The competition has evolved from merely offering cash rewards to creating engaging user experiences that leverage AI capabilities, indicating a shift in marketing strategies [4][12] Group 2: Historical Context - The Spring Festival Red Packet War began in 2015 and has since transformed mobile payment habits and user engagement in China, with significant implications for the industry [4][6] - Previous years saw escalating amounts in red packet offerings, with notable increases in user engagement and daily active users (DAU) during these campaigns [9][10] - The 2026 campaign is seen as a pivotal moment for internet giants to redefine their strategies in the context of AI and user interaction [10][15] Group 3: Competitive Landscape - Major players like Tencent, Alibaba, Baidu, and ByteDance are all vying for dominance in the AI space, with each company adopting unique approaches to attract and retain users [12][13] - The competition is not just about monetary incentives but also about creating indispensable AI applications that integrate into daily life, highlighting the importance of user retention [15] - The 2026 Spring Festival serves as a critical juncture for these companies to showcase their capabilities and solidify their positions in the evolving market [11][15]

Group 1 - The global AI industry has experienced explosive growth since 2026, leading to a surge in demand for high-performance chips, with South Korean giants Samsung Electronics and SK Hynix seeing their stock prices soar and their combined market value surpassing $1.11 trillion, exceeding that of Chinese tech giants Alibaba and Tencent [1] - Samsung Electronics' stock has risen by 34% this year, while SK Hynix has seen a higher increase of 37%, contributing to a significant rise in the South Korean stock market [1] - In contrast, Chinese tech leaders Alibaba and Tencent have seen much lower stock performance, with Alibaba's Hong Kong shares rising only about 10% and Tencent's stock remaining relatively flat [1] Group 2 - High Bandwidth Memory (HBM) is a critical hardware component that addresses GPU performance bottlenecks, with South Korean companies holding a monopolistic advantage due to their long-term technological accumulation, deeply integrating into the global AI hardware ecosystem [2] - Unlike South Korean firms focusing on key components, Chinese tech giants Alibaba and Tencent are pursuing a full AI industry chain strategy, investing heavily in AI model development, cloud services, and computing chips [2] - Recently, both companies shifted their strategic focus from research and development to market expansion, launching significant cash incentive campaigns to capture user traffic and build AI application ecosystems [3]