阿里巴巴集团（Reuters） 在美国总统特朗普4月访华之前，白宫或有意避免与中国产生摩擦…… 2月13日，美国国防部宣布将中国阿里巴巴集团、百度等至少3家企业列为与中国军方相关的"中国军事 企业"，但随后又迅速撤销了该决定。在美国总统特朗普4月访华之前，白宫或有意避免与中国产生摩 擦。 美国政府的官方网站显示，美国国防部已撤销了中国军事企业的追加认定。美国国防部向日本经济新闻 表示："目前暂无任何可发布信息"。 据路透社报道，美国国防部2月13日上午曾将阿里巴巴集团、百度以及比亚迪追加列入中国军事企业名 单。 美国国防部曾于2025年1月将腾讯控股、宁德时代新能源科技（CATL）追加列为中国军事企业。 日本经济新闻（中文版：日经中文网）飞田临太郎 华盛顿报道 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 美国政府对中国通过"军民融合"将民间尖端技术运用于军事领域以推进技术开发保持警惕。意在锁定与 军方存在融合的企业，限制美企与之开展交易。 美国企业与名单上的中国企业进行交易，也不会面临法律处罚。但美国国防部仍有可能与上榜中企 ...

来源：市场资讯 （来源：科创100ETF基金） 百度盘前短线下挫，现跌4.5%。 ...

当地时间2026年2月13日，美国国防部依据《2021财年国防授权法案》第1260H条，发布最新"中国军事 企业清单"（1260H清单），此次共将78家中国企业列入清单，同时移除12家中国企业。该文件提交公 众检查后收到撤销请求，将持续公开至2月17日。 1260H清单自2021年6月首次公布，每年更新一次直至2030年底，此次为第五次更新，且清单实行"持续 动态调整"机制，新清单将覆盖旧清单，被列入企业可按要求提交材料申请复议。 尽管被列入1260H清单不直接触发全面制裁，但对中国企业的经营发展将产生显著连锁影响，主要体现 在三个层面。直接影响上，美国国防部将从2026年6月30日起，禁止与清单内中企签订新采购合同， 2027年6月30日后禁令扩展至第三方间接采购，同时美国防部禁止向清单中企提供基础研究资助。 间接影响更为深远，清单公示易引发资本市场波动，限制中企融资渠道；全球供应链中，中企可能面临 美国关键技术断供、合作伙伴主动收缩合作的困境，部分国家还可能跟随美国限制政策，压缩中企国际 市场空间；"涉军"标签还会损害中企国际品牌声誉，导致客户信任与商业机会流失。 衍生风险方面，列入清单的中企可能被进一步 ...

Market Overview - The US stock market experienced a significant decline, with the Dow Jones Industrial Average dropping 669.42 points (1.34%) to close at 49,451.98 points, the Nasdaq Composite falling 469.32 points (2.03%) to 22,597.15 points, and the S&P 500 decreasing by 108.71 points (1.57%) to 6,832.76 points [1][2][3] Market Sentiment - Over 4,100 stocks declined, indicating widespread market panic as investors rushed to sell assets, particularly in the tech and growth sectors. The VIX index surged, reflecting heightened risk aversion [2][3] Sector Performance - The sell-off affected nearly all sectors, with notable declines in precious metals and semiconductor stocks. The precious metals sector saw significant drops, with gold futures down 3.08% and silver futures plummeting 10.62% [4][5][6][8] - The Philadelphia Semiconductor Index fell by 2.5%, with individual stocks like AEHR Test Systems down 17.58% and Intel down over 3% [8][10] Major Companies - Apple Inc. experienced a substantial drop of 5.00%, resulting in a market cap loss of over $120 billion, attributed partly to regulatory concerns [12] - Other major tech companies also faced declines, with Tesla down 1.62%, Amazon down 2.20%, and Meta Platforms down nearly 3% [12] Financial Sector - Bank stocks fell across the board, with JPMorgan Chase down over 2%, Goldman Sachs down over 4%, and Citigroup down over 5%, driven by concerns over AI disrupting traditional wealth management [13][14] Economic Indicators - Recent economic data, including a drop in initial jobless claims and lower-than-expected existing home sales, contributed to market anxiety about potential economic overheating and prolonged high interest rates [24][25][26] Global Market Impact - The sell-off in the US markets had a ripple effect on global markets, with European indices also closing lower after initially opening higher, indicating a widespread sentiment of fear [18][19][20] AI Concerns - The market's decline was exacerbated by fears regarding the disruptive impact of AI technologies on various industries, leading to significant stock price drops in sectors perceived to be at risk [21][22][30] Storage Chip Sector - In contrast to the overall market trend, storage chip stocks saw gains, with companies like SanDisk and Seagate Technology rising significantly, reflecting a belief that AI's growth will increase demand for data storage [29]

Market Overview - On February 13, 2026, a significant asset sell-off occurred in global financial markets, particularly impacting U.S. stock indices. The Dow Jones Industrial Average fell by 669.42 points (1.34%) to close at 49,451.98, while the Nasdaq Composite Index dropped 469.32 points (2.03%) to 22,597.15. The S&P 500 Index also declined by 108.71 points (1.57%) to 6,832.76 [1]. Commodity Market Impact - The sell-off extended to the commodity markets, with gold and silver experiencing substantial declines. COMEX gold futures fell by 3.08% to $4,941.4 per ounce, while COMEX silver futures plummeted by 10.62% to $75.01 per ounce [2][3]. Technology Sector Reaction - Major technology companies were severely affected, with Apple’s stock price dropping by 5%, resulting in a market value loss of over $120 billion (approximately 800 billion RMB). Other tech giants like Microsoft, Amazon, Tesla, Meta, and Nvidia also saw significant declines [3][4]. Chinese Concept Stocks - The Nasdaq Golden Dragon China Index, which includes many Chinese concept stocks, fell by 3% on the same day, indicating a collective sell-off in this sector. Over 40 Chinese concept stocks experienced substantial declines, with Tencent Music down 10.57% and Alibaba down 3.40% [3][4][6]. Employment Data Influence - The catalyst for this market turmoil was a strong U.S. employment report released on February 11, showing a non-farm payroll increase of 130,000 in January, significantly above the expected 70,000. This led to a shift in market expectations regarding Federal Reserve interest rate cuts, with the probability of a March rate cut dropping from 19.6% to 6% [5][6]. Capital Expenditure Concerns - Major tech companies announced aggressive capital expenditure plans for 2026, with Alphabet projecting $175 billion to $185 billion and Amazon estimating $200 billion, both nearly doubling their 2025 expenditures. This raised investor concerns about the return on such investments, especially as many companies reported record profits but saw stock price declines [10][11]. Market Sentiment and Volatility - The market's fear and volatility increased sharply, with the VIX index rising significantly. The sell-off was exacerbated by algorithm-driven trading, which triggered stop-loss orders and led to extreme price movements [15][16][17]. Global Market Impact - The financial turmoil that began in Wall Street quickly spread to global markets, with Asian and European stock markets opening lower in response to the U.S. declines [18].

Core Insights - The addition of prominent Chinese companies, including Alibaba and BYD, to the "Chinese Military Companies" list is expected to heighten tensions between the United States and China ahead of the upcoming summit between Presidents Trump and Xi Jinping [1][3]. Group 1: Chinese Military Companies List - The "Chinese Military Companies" list, also known as the 1260H list, includes companies with alleged ties to the Chinese military or involvement in military civil fusion, which necessitates sharing technology with the military [2]. - Being placed on the list does not impose immediate legal consequences but creates reputational risks and suggests potential future punitive measures from the United States [2]. Group 2: Alibaba and BYD - Alibaba's inclusion on the list follows intelligence warnings regarding its potential threat to national security, with congressional scrutiny over its chip sales [3]. - BYD, recognized as the world's largest electric vehicle maker, has made significant advancements in battery technology and is currently engaged in a legal battle against the Trump administration over 100% tariffs on Chinese electric vehicles [4].

据悉，自春节红包活动开启，百度APP文心助手月活跃 用户同比猛增4倍，功能使用量更是呈爆发式增长。月活 超过7亿的百度App第一时间接入OpenClaw，既验证了百 度智能云从底层构建的全栈AI云能力，也进一步佐证了 百度从战略前瞻布局到生态整合的高效执行能力。 百度方面表示，未来还会进一步发挥生态场景和云端能力融合优势，持续用实际行动以创新引领行业发 展，为AI技术的普及与应用树立标杆。 2月14日0时，百度App正式支持一键调用OpenClaw智能 体工具，用户在百度智能云完成部署后，通过搜索框或 消息中心即可调用。OpenClaw作为AI发展的重要方向， 可部署于本地或云端，通过即时通讯工具接收指令，完 成日程安排、文件整理、代码编写等工作。 此次接入标志着百度App打通'百度生态+本地个人助 理'全链路，不仅整合OpenClaw原有能力，还将陆续支 持百度搜索、百科、学术、文库、电商等生态产品。 ...

Market Performance - On February 13, the US stock market showed mixed results, with large tech stocks declining while Chinese concept stocks had varied performances [2] - The Dow Jones Industrial Average rose by 0.1% to close at 49,500.93 points, the S&P 500 increased by 0.05% to 6,836.17 points, and the Nasdaq Composite gained 0.22% to 22,546.67 points. However, all three indices experienced weekly declines, with the Nasdaq down 2.1%, the Dow down 1.23%, and the S&P 500 down 1.39% [3] Individual Stock Performance - Major tech stocks saw declines, with NVIDIA down 2.22% to $182.785, Apple down 2.27% to $255.790, and Google down 1.08% to $306.020. Microsoft fell slightly by 0.18% to $401.100, while Amazon decreased by 0.44% to $198.730. Meta Platforms dropped by 1.55% to $639.760, while Tesla saw a slight increase of 0.11% to $417.530 [4] - In the Chinese concept stock market, Tencent Music rose over 4%, while Alibaba fell over 2%, and JD Group, Baidu Group, Beike, and Li Auto all dropped by more than 1% [6] Commodity Market - Spot gold prices increased by 2.41% to a high of $5,046.261 per ounce, currently trading at $5,042.808 per ounce [8] - Spot silver prices also rose, breaking the $79 per ounce mark with a daily increase of 2.81% [8] - Gold futures contracts rose by 1.4% this week, marking an upward trend in 8 out of the last 10 weeks [9] - Silver futures contracts increased by 1.5% this week, ending a two-week decline and showing an upward trend in 11 out of the last 15 weeks [11] Market Insights - NVIDIA's CEO Jensen Huang addressed concerns about excessive spending in data centers, asserting that spending levels are reasonable and sustainable. He emphasized the growing utility and functionality of artificial intelligence, dismissing the recent sell-off in software stocks as "the most illogical thing in the world" [5] - Despite volatility in the precious metals market, demand for safe-haven assets continues to support rising gold and silver prices, according to a report by Antonio Di Giacomo from XS.com [10]

随着春晚的临近，互联网巨头红包大战，即将迎来高光时刻。 这场由阿里千问、腾讯元宝、字节跳动豆包及百度文心组成的AI红包团，将与京东、抖音、快手 等流量平台同台竞技。 据《BUG》栏目统计，目前官方"参战"的红包金额总量已超80亿元，单个红包最高金额普遍为 10000元。而字节跳动旗下豆包、支付宝以及红果短剧等平台虽然未公布明确金额，若将价值礼 品等全部包含其中，今年这场红包福利大战累计投入资金或达100亿元。 不过也有专家"泼冷水"，认为纯靠红包驱动的用户，7日留存率普遍低于20%，30日留存率甚至 可能跌破5%，红包只能解决"用户为什么用"的问题，却无法回答"为什么持续用"。 | 企业名称 | 资金总额 | 核心玩法 | 量高奖励 | | --- | --- | --- | --- | | 阿里巴巴 (干问App等) | 30亿元 | 25元免单卡,首次参与即送,成功邀请 新用户即送 | 当天邀请3人抽10000元Al生活卡 | | 京东 | 30亿元 | 购物优惠券、直播红包等 | 5折iPhone,最高2026元现金 | | 腾讯(元宝) | 10亿元 | 元宝派社交裂变,Al交互得红包 | 单个红包最 ...

Core Viewpoint - The upcoming Spring Festival will see a significant "red envelope war" among major internet companies, with total investments exceeding 8 billion yuan, and potential total funding reaching 10 billion yuan when including undisclosed amounts from various platforms [2][16]. Group 1: Investment Amounts and Strategies - Alibaba is investing 3 billion yuan through its Qianwen app, offering a 25 yuan free order card and incentives for new user referrals [3][14]. - JD.com is also contributing 3 billion yuan, providing shopping coupons and cash prizes, including a 50% discount on iPhones [3][14]. - Tencent is allocating 1 billion yuan for its Yuanbao app, focusing on social interaction and AI-driven features [3][14]. - Baidu is investing 500 million yuan in its Wenxin app, promoting card collection and AI-enhanced interactions [3][14]. - ByteDance's Douyin is contributing 300 million yuan, while the exact amount for its Doubao platform remains undisclosed [3][14]. - Kuaishou is investing 200 million yuan, utilizing various interactive features to engage users [3][14]. - Ant Group (Alipay) and Weibo have not disclosed their investment amounts but are participating in the red envelope activities [3][14]. Group 2: User Retention Concerns - Experts warn that relying solely on red envelopes may lead to low user retention rates, with 7-day retention below 20% and 30-day retention potentially dropping below 5% [8][21]. - The red envelope strategy addresses initial user engagement but fails to ensure long-term usage [8][21]. Group 3: Competitive Landscape and AI Integration - The competition is intensified by the emergence of generative AI technologies, with companies like Alibaba, Tencent, and Baidu leveraging their AI applications as key platforms for distributing red envelopes [6][16]. - The red envelope war reflects a shift in focus towards AI capabilities, with companies aiming to establish a competitive edge in the evolving digital landscape [6][16]. - ByteDance's Doubao is expected to benefit significantly from its collaboration with the Spring Festival Gala, potentially positioning it as a major winner in this year's competition [19].