横扫31个主流基准、拿捏10类核心任务，视觉模型界的"通才"来了！ 香港中文大学MMLab与美团研究团队开源提出OneThinker——一个基于RL的统一多模态视觉推理通才模型，覆盖图像与视频两种模态下的十类核心视觉 任务。 在31项主流视觉任务测试中，OneThinker均表现亮眼。它不仅能在多任务训练中实现相互促进，还能在从未见过的任务上做出合理推理，初步展现了通才 模型的泛化能力。 虽然以Vision-R1、Video-R1、VLM-R1等为代表的工作，已经在图像问答、视频理解、目标检测等任务上取得显著效果。 但这类RL模型大部分存在一个限制：只能处理单一模态或单一任务。模态、任务之间缺乏关联，推理能力被割裂，难以泛化应用。 来看看OneThinker是如何做的。 从"专才模型"到"通才系统" 现实世界中的视觉数据复杂多样，往往同时包含静态图像与动态视频信息。同时，视觉任务类型也高度多样化，例如问答、定位、分割、追踪等。 在这种背景下，传统的"单任务、单模态"RL思考模型架构存在以下两个根本性问题： 1. 无法统一建模现实复杂场景 真实应用中往往需要同时理解图像与视频内容，并完成多类任务协同，专才模型难 ...

新浪科技讯 12月12日下午消息，美团无人机西南地区首条常态化低空医疗航线在四川大学华西医院 （以下简称"华西医院"）开通，日常承担华西医院院间生物样本的配送工作。 据悉，该航线由华西医院、美团无人机与芯明智能合作完成，并在空域批复、航线规划、运行等方面， 得到西部航管部门、民航西南管理局、民航西南空管局、四川省军民融合办及四川省低空经济产业发展 有限公司的支持和帮助。 新浪科技讯 12月12日下午消息，美团无人机西南地区首条常态化低空医疗航线在四川大学华西医院 （以下简称"华西医院"）开通，日常承担华西医院院间生物样本的配送工作。 据悉，该航线由华西医院、美团无人机与芯明智能合作完成，并在空域批复、航线规划、运行等方面， 得到西部航管部门、民航西南管理局、民航西南空管局、四川省军民融合办及四川省低空经济产业发展 有限公司的支持和帮助。 航线开通后，初期每天往返3班，6架次，会常态化在华西医院主院区与锦江院区之间转运医疗样本，主 要支持基因检测、自身抗体、染色体类等特殊检验项目。效率提升方面，锦江院区与主院区的标本单边 转运时间将压缩至15分钟，患者获取检验结果的等待时长随之缩短一半以上。 责任编辑：杨赐 航 ...

Core Insights - Snapmaker, a 3D printing company, has completed a multi-hundred million yuan Series B financing round led by Hillhouse Capital and Meituan, with participation from other investors including Shunwei Capital and Nanshan Zhanxin [1][12] - The company’s Snapmaker U1 3D printer achieved over $20 million (approximately 150 million yuan) in crowdfunding on Kickstarter, setting a record for the highest crowdfunding amount in the 3D printer category [1][4] - The U1 printer features innovative technology that allows for a five-second color change without interrupting the printing process, significantly improving printing efficiency by up to five times and reducing material waste by approximately 80% [5][6] Company Overview - Snapmaker is recognized as a leading player in the 3D printing industry, particularly after the successful launch of the U1 printer, which represents a shift from their previous "three-in-one" devices to a more focused product line [6][12] - The company plans to launch the U1 globally in the first quarter of 2026, with expectations of substantial revenue growth in the coming year [6][7] Market Context - The 3D printing industry has seen increased investment interest, with notable companies like DJI and other startups also securing funding, indicating a growing trend in the sector [12] - Competitors are beginning to introduce similar multi-color printing solutions, highlighting the competitive landscape in the 3D printing market [6][12] Future Plans - The recent funding will be allocated towards core technology development, talent acquisition in hardware and AI software, and building an open ecosystem to lower the barriers to 3D printing [12] - Snapmaker aims to address key challenges in multi-color printing and high-speed manufacturing as part of its strategic focus for the upcoming year [12]

Core Points - The event "Face-to-Face: Promoting Platform Economy" in Chengdu aimed to facilitate direct communication between local businesses and government departments, addressing challenges faced by platform economy enterprises [1][2] - The initiative reflects Chengdu's commitment to improving the business environment by implementing a responsive mechanism for addressing enterprise needs [2][12] Group 1: Business Challenges and Requests - Companies raised specific issues such as the inclusion of new retail in government consumption voucher programs, with potential sales conversion estimated at 50 million yuan for 2024 [4] - There were calls for government collaboration in promoting consumption activities and support for specific enterprises in promotional events [4] - Requests also included the establishment of unified regulations for low-speed unmanned vehicle operations and addressing malicious complaint behaviors [4][9] Group 2: Government Responses and Initiatives - Government representatives actively responded to business concerns, promising to explore solutions and implement new policies to enhance consumer engagement and operational efficiency [8][9] - The city plans to implement a closed-loop mechanism for collecting, solving, and providing feedback on enterprise issues, demonstrating a proactive approach to governance [9][11] - Chengdu's government is focusing on creating a supportive ecosystem for businesses, with initiatives aimed at improving financing options and addressing workforce shortages [11][12] Group 3: Economic Performance and Growth - Chengdu's online retail sales reached 591.9 billion yuan from January to October 2025, accounting for 68.6% of the province's total, with a year-on-year growth of 10.8% [7] - The city has over 960,000 online businesses, contributing to the employment of over 2.5 million people, indicating a robust platform economy [7] - The local government has established several centers to foster a vibrant and resilient industrial ecosystem, with the private economy's value added reaching 920.97 billion yuan in the first three quarters of 2025, growing by 6.4% year-on-year [14]

Core Viewpoint - The Hong Kong stock market opened positively on December 11, with technology stocks leading the gains, particularly driven by companies like Alibaba, Tencent, and Meituan, which saw price increases around 1% [1] Group 1: Meituan's Stock Performance - Meituan's stock price showed resilience, maintaining above the psychological level of 100 HKD, with a slight increase of 0.8% to 100.8 HKD by 11:43 AM, and trading volume increased to 1.462 billion HKD, indicating heightened investor interest [1] - On December 10, Meituan's stock rose by 2.72%, closing at 100 HKD, marking the end of a period of volatility and successfully returning near the MA10 level of 99.25 HKD, although it has not yet surpassed the minor resistance at MA30 of 100.2 HKD [1] Group 2: Technical Analysis - Meituan's current trend is characterized as "breakthrough under strong support," with clear dual support levels at 96.8 HKD and 93.5 HKD, indicating strong defensive buying interest [2] - The first resistance level is at 103.2 HKD, which corresponds to the previous high above MA60 of 100.79 HKD, requiring volume support for a successful breakout; if surpassed, the next target is 106.5 HKD, with a 56% probability of an upward movement [2] Group 3: Market Sentiment and Divergence - Recent reports from major banks like Goldman Sachs and UBS highlight a divergence in market sentiment regarding Meituan, with Goldman Sachs lowering its target price from 159 HKD to 144 HKD due to increased competition in the food delivery sector impacting profitability [5] - Investor sentiment is polarized, with some expecting a continuation of the rebound while others anticipate a price correction, leading to plans for leveraging short positions [5] Group 4: Derivative Products and Leverage - Recent market activity illustrates the unique value of derivative products, with bearish derivatives outperforming the underlying stock during its decline, showcasing the leverage effect [6][9] - For bullish investors, options with a strike price around 108.98 HKD are available, offering high leverage, while bearish investors can consider put options with a strike price around 91 HKD, also providing significant leverage [14]

Group 1 - Southbound funds net bought Hong Kong stocks worth 791 million HKD today [1] - The top net purchases included Meituan-W at 1.279 billion HKD, Xiaomi Group-W at 1.009 billion HKD, and Agricultural Bank at 348 million HKD [1] - The top net sales included CNOOC at 517 million HKD, Alibaba-W at 417 million HKD, and SMIC at 403 million HKD [1] Group 2 - Southbound funds have net bought Xiaomi for 10 consecutive days, totaling 8.40743 billion HKD [1] - Agricultural Bank has seen net purchases for 4 consecutive days, amounting to 1.34172 billion HKD [1] - SMIC has experienced net sales for 3 consecutive days, totaling 972.63 million HKD [1]

Core Insights - The article highlights the strategic move of Meituan in the local life AI sector with the hiring of Pan Xin, a former leader at ByteDance's visual model platform, as the head of multimodal AI innovation [1][3] Group 1: Strategic Developments - Pan Xin's extensive experience in AI, including contributions to TensorFlow at Google Brain and leading the optimization of PaddlePaddle at Baidu, positions him as a key asset for Meituan's AI ambitions [3] - Since 2025, Meituan has accelerated its AI initiatives, developing its LongCat series of models and launching AI tools like "Kangaroo Advisor" and "Smart Shopkeeper" aimed at enhancing business operations [3][4] Group 2: Shift in Focus - Meituan's AI strategy has shifted from internal operational efficiency to external empowerment and commercialization, with a focus on providing intelligent tools for a vast number of merchants [4] - The company's founder, Wang Xing, has outlined a three-tier strategy emphasizing "AI at work, AI in products, and Building LLM," with a significant investment of billions aimed at integrating AI into various business processes [4] Group 3: Challenges and Opportunities - Pan Xin's mission involves transforming advanced multimodal AI technology into practical solutions for the local life industry, addressing challenges such as high inspection costs and data-driven decision-making [4][6] - Meituan's connection with over 7 million merchants and its merchant app provides a unique platform for scaling AI technology, although challenges remain in cost optimization and ensuring model stability in real-world scenarios [6]

港股通(沪)活跃成交股 12月11日港股市场，北水成交净买入7.91亿港元，其中港股通(沪)成交净卖出3.2亿港元，港股通(深)成 交净买入11.11亿港元。 北水净买入最多的个股是美团-W(03690)、小米集团-W(01810)、贝壳-W(02423)。北水净卖出最多的个 股是中海油(00883)、阿里巴巴-W(09988)、中芯国际(00981)。 | 股票名称 | 买入额 | 卖出额 | 或率总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W | 18.90亿 | 11.95亿 | 30.85亿 | | 88660 MH | | | +6.95亿 | | 中芯国际 | | | 19.39亿 | | HK 00981 | 9.32亿 | 10.06亿 | -7432.54万 | | 中兴通讯 | 8.43亿 | 10.28亿 | 18.71 乙 | | HK 00763 | | | -1.84 Z | | 长飞光纤 ... | 7.26亿 | 8.81亿 | 16.07亿 | | HK 06869 | | | -1.55 Z | | 腾讯控股 | ...

Group 1 - The Hong Kong stock market saw a net inflow of 791 million HKD from Northbound trading, with a net sell of 320 million HKD from the Shanghai Stock Connect and a net buy of 1.111 billion HKD from the Shenzhen Stock Connect [1] - The most bought stocks included Meituan-W (03690), Xiaomi Group-W (01810), and Beike-W (02423), while the most sold stocks were CNOOC (00883), Alibaba-W (09988), and SMIC (00981) [1] Group 2 - Alibaba-W (09988) had a net inflow of 6.95 billion HKD, with a total trading volume of 30.85 billion HKD, while it faced a net sell of 11.12 billion HKD [2] - Xiaomi Group-W (01810) experienced a net buy of 13.31 billion HKD, with a total trading volume of 22.60 billion HKD [3] - Meituan-W (03690) received a net buy of 12.79 billion HKD, with a total trading volume of 18.92 billion HKD [4] Group 3 - Beike-W (02423) saw a net buy of 6.47 billion HKD, amid discussions on mortgage interest subsidy policies that could stimulate housing demand [5] - Agricultural Bank (01288) had a net buy of 3.49 billion HKD, while Industrial and Commercial Bank (01398) and China Construction Bank (00939) faced net sells of 797.89 million HKD and 1.96 billion HKD respectively [5] - Semiconductor stocks faced selling pressure, with Huahong Semiconductor (01347) and SMIC (00981) experiencing net sells of 2.57 billion HKD and 4.03 billion HKD respectively [5] Group 4 - ZTE Corporation (00763) faced a net sell of 3.58 billion HKD, related to compliance investigations regarding the U.S. Foreign Corrupt Practices Act [6] - Tencent (00700) and CNOOC (00883) also experienced net sells of 1.15 billion HKD and 5.17 billion HKD respectively [7]

Core Viewpoint - The Hong Kong stock market experienced significant net inflows and outflows from Northbound trading, with Meituan-W and Xiaomi Group being the most bought stocks, while Alibaba-W and CNOOC faced the highest sell-offs [1][4]. Group 1: Northbound Trading Activity - Northbound trading recorded a net inflow of HKD 791 million, with Shanghai Stock Connect seeing a net outflow of HKD 320 million and Shenzhen Stock Connect a net inflow of HKD 1.111 billion [1]. - The stocks with the highest net inflows included Meituan-W (HKD 12.79 billion), Xiaomi Group-W (HKD 10.09 billion), and Beike-W (HKD 6.47 billion) [4][5]. - The stocks with the highest net outflows were Alibaba-W (HKD 4.17 billion), CNOOC (HKD 5.17 billion), and SMIC (HKD 4.03 billion) [4][5][7]. Group 2: Company-Specific Insights - Meituan-W's net inflow was attributed to regulatory changes aimed at ensuring rational competition in the food delivery sector, with expectations of peak competition in Q3 [4]. - Xiaomi Group-W is projected to achieve significant revenue growth in its automotive business by Q3 2025, with a forecasted revenue of HKD 28.3 billion, representing a year-on-year increase of 197.9% [4]. - Beike-W's net inflow is linked to discussions around mortgage interest subsidy policies, which could stimulate housing demand if implemented [5]. - Agricultural Bank of China saw a net inflow of HKD 348 million, while Industrial and Commercial Bank of China and China Construction Bank faced net outflows of HKD 797.8 million and HKD 1.96 billion, respectively, amid concerns over real estate debt quality [5]. - Semiconductor stocks, including Huahong Semiconductor and SMIC, faced significant sell-offs due to regulatory news regarding compliance with U.S. laws [5][6].