3月25日热门中概股涨跌不一，纳斯达克中国金龙指数（HXC）收跌0.43%。 上涨股当中（按市值从高到低），台积电涨1.42%，拼多多涨1.91%，中华电信涨0.52%，富途控股涨 0.18%，中通涨1.28%，贝壳涨0.06%，理想汽车涨3.62%，华住酒店集团涨0.82%，中国新城农村涨 6.20%，新东方涨0.36%，万国数据涨2.79%，WSP控股涨0.31%，拓臻生物涨0.79%，名创优品涨 0.24%，小马智行涨1.36%，金山云涨1.24%，欢聚涨0.15%，雾芯科技涨1.65%。 美股周二收跌，科技股跌幅领先，三大股指均部分回吐了周一所获涨幅。油价再度上涨，同时美以对伊 战争进入第四周，市场继续关注中东局势的最新发展。 道指跌84.41点，跌幅为0.18%，报46124.06点；纳指跌184.87点，跌幅为0.84%，报21761.89点；标普 500指数跌24.63点，跌幅为0.37%，报6556.37点。 领涨中概股列表： | | | 美股列表 | | | | --- | --- | --- | --- | --- | | ▲热股榜 | 中概股 | 科技股 | 知名美股 | 全部美股 | ...

【时政新闻】 ①欧盟取消原定于4月15日生效的俄罗斯石油禁令提案； ①美国三大股指期货盘前走弱。截至发稿，道指期货跌0.3%，标普500指数期货跌0.29%，纳指期货跌 0.3%； ②欧洲主要股指多数走低。截至发稿，英国富时100指数跌0.08%，德国DAX指数跌0.35%； ③热门中概股盘前涨跌不一，理想汽车涨逾3%，哔哩哔哩跌逾2%； 【公司新闻】 ①理想汽车宣布10亿美元的股票回购计划； ②特斯拉：Model 3全系车型交付预期更新为3-5周。 ②土耳其考虑动用1350亿美元黄金储备来捍卫里拉汇率； ③伊朗最高领袖顾问重申结束战争条件：伊朗获得所有赔偿、所有经济制裁被解除，获得美国不干涉伊 朗事务的国际法律保障； ④以官员称美伊达成协议的可能性"微乎其微"； 【市场动态】 (本文来自第一财经) ...

中国 证券研究 2026 年 3 月 18 日 哔哩哔哩 抄底利润可持续增长潜力出色公司的好时机，上调评级 至"增持" 我们将公司美股和港股评级上调至"增持"，新目标价分别为 35 美元/270 港元 ，对应 27%/30%的潜在上行空间。公司股价较 2026 年 1 月的近期峰值下跌 26% （同期恒生指数跌 6%），原因是：1）投资者担心增量 AI 投资的投资回报率（ 2025 年 4 季度财报电话会议上，管理层预期将加大 AI 投资）；2）中国互联网 板块整体股价回调（同期跌 15%），而哔哩哔哩的市盈率估值在所有中国互联 网股中居于前列（近期峰值为 35 倍 2026 年预期市盈率，目前为 25 倍）。我们 建议投资者在此时抄底该股：1）我们认为哔哩哔哩加大 AI 投资（如视频推送 、广告转化、AI 编码等）的策略是正确的，因为 AI 在 2025 年已成为哔哩哔哩 用户参与度和广告收入的主要驱动因素（2025 年 4 季度日活/总使用时长/广告收 入增长 10%/19%/27%），我们预计此类投资将推动未来几年用户/广告收入持续 增长；2）哔哩哔哩强劲的运营杠杆使其能够在进行 AI 投资的情况下仍在 ...

本文字数：532，阅读时长大约1分钟 作者 | 一财阿驴 09:29 CPO、铜缆高速连接等算力硬件股集体低开，三安光电一字跌停，汇绿生态、铭普光磁跌超 6%，源杰科技、长光华芯、华丰科技纷纷下跌。 09:25 A股开盘丨三大指数集体下跌 上 证 指 数 低 开 1.32% 逼 近 3900 点 ， 深 证 成 指 低 开 1.78% ， 创 业 板 指 低 开 1.54% 。 科 创 综 指 低 开 2.02%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | ู้ | 3904.95 | -52.10 | -1.32% | | 399001 | 深证成指 | m/ | 13619.94 | -246.26 | -1.78% | | 399006 | 创业板指 | NA | 3300.56 | -51.54 | -1.54% | | 000680 | 科创综指 | WW | 1636.20 | -33.79 | -2.02% | 盘面上，黄金、基本金属板块大跌；算力硬件产业链走 ...

Core Insights - The report recommends a "Buy" rating for the internet media sector, highlighting strong growth potential in various sub-sectors such as e-commerce, social entertainment media, internet healthcare, short videos, and IP-driven markets [4][15][18] - The report emphasizes the resilience of the gaming sector, projecting continued industry prosperity into 2026, with specific recommendations for companies like Tencent and NetEase due to their favorable valuations [4][18] - The report identifies significant opportunities in AI and its applications across various sectors, suggesting that AI-driven innovations will lead to a new round of value reassessment in the market [4][21] E-commerce - Alibaba's MaaS business and the progress of its Qianwen model are expected to encourage a return to SOTP valuation perspectives in the market [4][15] - The report notes that Alibaba's recent performance was below expectations, but the long-term outlook remains optimistic due to its AI capabilities and integration with its commercial ecosystem [15] Social Entertainment Media - Tencent is expected to continue leveraging the commercialization potential of WeChat, while Bilibili's advertising growth is projected to outpace the overall internet advertising market, with a forecasted revenue growth rate of 27% in Q4 2025 [4][15][18] Internet Healthcare - JD Health and Alibaba Health are strengthening their partnerships with upstream pharmaceutical manufacturers, leading to robust revenue and profit growth [4][16] Short Videos - The report highlights the commercial potential of short video platforms, benefiting from technological advancements, with expectations of increased capital investment in 2026 [4][16] IP and Toy Market - Pop Mart is expected to enhance its collaboration with overseas designers and strengthen its local IP penetration into international markets, supported by store upgrades and a diverse SKU offering [4][16] Long Videos - The report indicates that the long video sector is stabilizing in terms of membership and advertising revenue, with a focus on exploring new business opportunities related to the main industry [4][17] Music Streaming - The music streaming sector is experiencing healthy membership growth, with strategies in place to optimize ARPU, although there are concerns about competition from new players leading to valuation adjustments [4][17] Gaming Sector - The report maintains a positive outlook on the gaming sector, with expectations of continued industry prosperity into 2026, recommending companies with strong product pipelines and growth potential [4][18] - The report suggests that new game launches will catalyze growth, with several major titles scheduled for release [13][18] Advertising - The report notes a significant increase in internet advertising investment, particularly in consumer categories, driven by major events like the Winter Olympics and the World Cup [4][18] AI Developments - The report highlights advancements in AI technologies, with expectations of a new wave of model iterations and commercial applications emerging in 2026 [4][21]

以下文章来源于泽平宏观商学 ，作者泽平宏观商学 泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 2025 年 12 月 用心打造最有品质的实战研学。读万卷书，行万里路。把教室搬到世界上最优秀的企业， 请最优秀的企业家和科学家讲课。顺势而为，把握机遇。正心正念，坚持做长期正确的 事！ 我们期待与更多的企业家朋友们携手同行，共赴 2026 实战研学之旅！ 泽 ZEP 平 INGM 宏 ACR 观 O RE 商 SEAR 学 CH 1-6月日程安排 · 2月27日 北京 国内头部智驾科技企业 人形机器人 华为、莫界科技、AI算力 闭门投研会-2026 Al 的中国力量(二) 年研学安 型 成石 1月4日-11日 洛杉矶、拉斯维加斯、旧金山 CES、英伟达、特斯拉 谷歌、罗宾汉、playground 斯坦福大学、伯克利大学 3月27日-28日 苏州 追觅科技、魔法原子、灵猴机器人 闭门投研会-2026 Al 的中国力量(一) 3月29日 上海 长三角校友会 4月20日-21日 香港 2026 香港 Web3 嘉年华 HashKey、复星财富 5月22日-23日 北京 智谱、头部机器人企业 商业航天 6月26 ...

小破站这是啥情况？ 昨天就在小红书刷到说它家裁员的帖子，源头应该是来自脉脉上。 今天晚上这个传闻居然还冲上微博科技热搜第一了。截至发稿为止，话题阅读量已经 2600+ 万了。 这个话题下都是网友发的，尚无媒体主持人。 蜀黍还不出来辟谣啊？！ ② 前些天（3 月 17 日）科大讯飞也被传出裁员，不过他们当晚就火速回应辟谣，并且还报警了，后来造谣者被 行政拘留拘了。 ① ...

抖音、快手、腾讯、小红书、哔哩哔哩、微博等6家重点平台积极履行主体责任，近一个月以 来，深入清理虚假摆拍等违规短视频3.7万余条，处置违规账号3400余个，补充标注短视频60 余万条，并累计发布治理公告18期，曝光一大批典型案例。在此基础上，各重点平台先行先 试，对短视频内容标注功能进行优化，将内容标注入口提至短视频发布一级页面，方便用户进 行标注。 下一步，中央网信办将明确具体工作要求和工作进度安排，在全国范围内统一部署推进规范短 视频内容标注工作，并同步开展巡查取证，严惩未按要求进行标注的账号和主体责任落实不力 的网站平台，公开进行曝光。 据央视新闻报道，当前，网站平台关于短视频内容标注的标准和尺度不一，一些含有虚构演 绎、摆拍营销、AI生成等内容的短视频未进行规范标注，严重误导公众认知，扰乱社会秩序， 污染网络生态。 对此，中央网信办拟指导网站平台全面规范短视频内容标注—— 对短视频内容标注使用的标签进行规范，明确必须设置的标签种类。 将内容标注设为短视频发布的必经环节，引导用户对发布的短视频内容进行标注。 对存量短视频内容进行分批回溯和补充标注，推动实现应标尽标。 来源丨央视新闻 编辑｜黎雨桐 见习编 ...

记者｜黎雨桐 见习记者林芊蔚 编辑｜张楠 北京时间3月21日，美股三大指数集体收跌。道指跌0.96%，本周累跌2.11%，连续四周下跌， 创下自2023年2月以来最长的周线连跌纪录；纳指跌2.01%；标普500指数跌1.51%。 欧洲主要股指收盘普跌。德国DAX 30指数跌2%，法国CAC40指数跌1.82%；意大利MIB指数 跌1.97%；英国富时100指数跌1.44%。 | 道琼斯工业 | 纳斯达克指数 | 标普500 | | --- | --- | --- | | 45577.47 | 21647.61 | 6506.48 | | -443.96 -0.96% -443.08 -2.01% -100.01 -1.51% | | | | 美国科技七巨头 中概科技龙头 | | 中国金龙 | | 59068.36 | 3623.68 | 6742.84 | | -1226.84 -2.03% -92.11 -2.48% -202.55 -2.92% | | | | 道琼斯期货 | 纳斯达克100期 | 标普500期货 | | 46110 | 24217.25 | 6588.50 | | -231 -0.50% ...

Core Viewpoint - The article discusses the rapid development of key projects along the Yangpu Riverside in Shanghai, highlighting the completion of the Bingjiang Chuangzhi Center and projects from Meituan, Bilibili, and Douyin, which together create an innovative and vibrant area akin to a "tropical rainforest" [2] Group 1: Meituan Shanghai Technology Center - The Meituan Shanghai Technology Center is located in the core area of the Yangpu Riverside, covering approximately 52,000 square meters with a total construction area of 450,000 square meters and a total investment of 10.6 billion RMB [6] - The design, by gmp architects, focuses on a "technology module" concept, featuring four high-rise towers (A Tower at 180 meters, D Tower at 150 meters, B Tower at 75 meters, and C Tower at 50 meters) arranged in a "口" shape, interconnected by seven sky bridges and two underground passages [6] Group 2: Bilibili New Generation Industrial Park - The Bilibili New Generation Industrial Park is situated in Yangpu District, covering about 125,500 square meters with a total construction area of 785,000 square meters and a total investment of 19.85 billion RMB [11] - Designed by Ennead Architects, the park is inspired by the "Neverland" from J.M. Barrie's novel, featuring a 150-meter headquarters building, multiple standalone offices, a rental residential building, a cultural theater converted from an old shipyard, and approximately 140,000 square meters of commercial space, accommodating around 10,000 employees [11][12] Group 3: Douyin Group Shanghai Riverside Center - The Douyin Group Shanghai Riverside Center is located in Yangpu District, with a total investment of about 5 billion RMB, covering an area of 22,000 square meters and a total construction area of 115,000 square meters [17] - The project, designed by Foster + Partners and Shanghai Architectural Design Institute, integrates office, commercial, and cultural exhibition functions, including a 12,000 square meter commercial complex and a 3,000 square meter performance center, while preserving 5,600 square meters of industrial heritage from the original shipyard [17]