春节前夕，继"年货节"之后，拼多多接棒上线"春节不打烊"活动，加大对水果生鲜、粮油米面、 肉禽蛋奶、零食滋补、酒水饮料、日用百货等春节必需品的补贴力度，联合商家确保消费者在春节 期间也可以正常收货，持续为春节"菜篮子""年夜饭"保价稳供。 为了确保消费者可以"买的安心，吃的放心"，平台密集推出了多项食品安全治理的举措，主要包 括经营资质合规审查、食品广告治理，食品直播管控、未成年人保护、知识产权保护、食品数据库 建设等。从"春节不打烊"开始，2026年拼多多将全面提升食品消费的安全保障。 据拼多多平台治理相关负责人介绍，在经营资质方面，平台全方位加强了对食品类商家主体资质的 合规审查。一方面，平台将加大对食品类商家主体资质的核验频率和处置力度；另一方面，平台还 将通过算法模型对线上商品进行巡查，实时巡查商品的经营资质，一经发现不合规的商品，即刻进 行下架及关店处置。 以"冷加工糕点"类食品为例，平台进一步细化了对该类商家的资质审查，拓展了商家主体信息的 透明度。根据近日平台最新发布的商家公告，经营该品类的商家须在提供《食品生产许可证》或 《食品经营许可证》基础上，同时提供《食品生产许可品种明细表》，且明细表中 ...

拼多多因电商税被罚，这笔税款不只与平台相关。 文 丨 郑可书 编辑 丨 黄俊杰 1 月 21 日，据上海税务部门，拼多多因未按照要求报送涉税信息，被责令限期改正，后进行整改，但 未在规定期限内完成，被罚款 10 万元。 此前，多个电商平台已向税务部门提交去年第三季度的涉税 信息。拼多多被罚的 1 月，去年第四季度的信息正在报送中。 每年，中国 1/4 的消费品零售额由电商创造，但税收不一定。很长一段时间里，电商企业自主申报经 营数据，税务部门很少主动稽查，这让避税成为可能。直到去年 6 月，国务院公布相关规定，要求互 联网平台按季度报送卖家身份信息、经营数据，税务部门有了查税的参考依据。 相关公告并未透露涉税信息背后，平台商家可能涉及的补税规模。不过影响已经显现。 不存在单独的 "电商税" 电商税并非独立的新税种，而是增值税、企业所得税、个人所得税等电商企业本该缴纳、但以前没有 严格征收的税种。 增值税： 所得税： 城建税等附加税： 2016 年底，中央财经大学税收筹划与法律研究中心调研了 420 家网店后发布报告称：B2C 企业店铺 基本正常纳税，但 C2C 卖家——主要是自然人和个体工商户——在 2015 ...

（来源：新消费日报） 文 /徐赐豪 公开资料显示，赵佳臻作为拼多多联合创始人，目前担任拼多多集团联席董事长兼联席CEO，同时还兼任拼多多核心关联企业上海寻梦信息技术 有限公司法定代表人。 针对两家新公司的成立背景、业务定位及战略规划，《科创板日报》记者已向拼多多方面发去采访需求，截至本文发稿，暂未获得对方回应。 两家新公司的密集落地，并非孤立动作，而是拼多多近期战略调整的重要落地举措。回溯2025年12月19日，拼多多年度股东大会上抛出重磅治理 架构调整方案，正式推行联席董事长制度，赵佳臻获任联席董事长，与陈磊共同出任集团联席董事长兼联席CEO，标志着拼多多进入双核心掌舵 的新阶段。 在此次股东大会上，赵佳臻针对拼多多海外核心业务Temu发表讲话称："过去几年，Temu以超出我们自身预期的速度达成规模突破，这是中国供 应链产业红利带来的关键一跃，也为国内供应链升级及拼多多、Temu下阶段再造创造了契机。" 在此基础上，赵佳臻明确了三大核心战略：其一，战略重心全面转移，拼多多与Temu将集中精力、财力和物力，投入中国供应链升级再造，不仅 是单纯的资金投入，更将推动供应链能力重构与运营模式的整体性升级；其二，摆脱 ...

Group 1 - Gold and silver prices experienced significant declines, with spot gold dropping over 3% and spot silver's intraday decline reaching 11% [1][3] - Major U.S. tech stocks saw widespread declines, with Apple down 5%, Broadcom down over 3%, and Amazon, Meta, and Tesla down over 2%. Nvidia fell over 1%, while Google's A shares saw a slight decrease [3] - Concerns have arisen among investors regarding the impact of newly launched AI tools on various sectors, including software companies, publishers, and financial services, as these tools may replicate business models or erode profit margins [3] Group 2 - As of the latest update, gold prices rebounded, with spot gold reported at $4,979.69 per ounce and spot silver at $76.65 per ounce [4] - The London gold price showed fluctuations, with a recent buy price of $4,912.80 and a sell price of $4,980.36, indicating a 1.25% change [5]

美东时间周四，投资者对人工智能（AI）颠覆性的担忧持续发酵，三大指数均跌超1%，纳指以2%的跌幅领跌。 （三大指数日内走势，来源：TradingView） 截至收盘，道琼斯指数跌1.34%，报49,451.98点；标普500指数跌1.57%，报6,832.76点；纳斯达克指数跌2.03%，报22,597.15点。 今年以来，随着一些AI工具的推出，部分板块遭受冲击，包括软件公司、出版商、金融服务企业等。投资者担心，这些AI工具可能复制它们 的业务模式，或至少侵蚀其利润率。 在AI可能颠覆财富管理业务的担忧下，摩根士丹利等金融股承压；卡车运输和物流公司如C.H. Robinson股价暴跌14%，因市场担心AI将优 化货运运营，从而压缩部分收入来源。 AI颠覆担忧甚至蔓延至房地产行业。市场认为更高的失业率将打击办公空间需求，CBRE和SL Green Realty等股票因此走低。 Freedom Capital Markets首席市场策略师Jay Woods表示："AI曾是推动这些股票飙升、估值达到极端水平（虽未极端到离谱）的唯一动 力，如今却成了压制它们表现的因素。" Yardeni Research总裁Ed ...

美东时间周四，投资者对人工智能（AI）颠覆性的担忧持续发酵，三大指数均跌超1%，纳指以2%的跌幅领跌。 （三大指数日内走势，来源：TradingView） 截至收盘，道琼斯指数跌1.34%，报49,451.98点；标普500指数跌1.57%，报6,832.76点；纳斯达克指数跌2.03%，报22,597.15点。 今年以来，随着一些AI工具的推出，部分板块遭受冲击，包括软件公司、出版商、金融服务企业等。投资者担心，这些AI工具可能复制它们的业务模式， 或至少侵蚀其利润率。 在AI可能颠覆财富管理业务的担忧下，摩根士丹利等金融股承压；卡车运输和物流公司如C.H. Robinson股价暴跌14%，因市场担心AI将优化货运运营，从而 压缩部分收入来源。 AI颠覆担忧甚至蔓延至房地产行业。市场认为更高的失业率将打击办公空间需求，CBRE和SL Green Realty等股票因此走低。 投资者纷纷转向更具防御性的板块，沃尔玛和可口可乐股价分别上涨3.8%和0.5%。 在标普500指数各板块中，必需消费品和公用事业板块涨幅居前，均上涨超过1%，并带动必需消费品板块创下历史收盘新高。 热门股表现 大型科技股普跌，英伟达跌1 ...

Group 1 - The Nasdaq China Golden Dragon Index (HXC) fell by 3% on February 13, indicating a general decline in popular Chinese concept stocks [1][8] - Among the stocks that rose, Chunghwa Telecom increased by 0.82% and Huazhu Hotels Group rose by 0.23% [2][8] - Notable declines included TSMC down 1.60%, Alibaba down 3.40%, Pinduoduo down 4.16%, and Baidu down 4.64% [2][8] Group 2 - The US stock market closed lower on Thursday, with technology stocks leading the decline; the Nasdaq dropped over 2% [2][8] - The Dow Jones Industrial Average fell by 669.42 points, a decrease of 1.34%, closing at 49,451.98 points [2][8] - The S&P 500 index declined for the third consecutive trading day, dropping by 108.71 points or 1.57%, to close at 6,832.76 points [2][8] Group 3 - The list of top gainers included companies like Wu Xin Holdings, which surged by 36.29%, and Jiuzi New Energy, which rose by 31.93% [3][9] - Conversely, significant losers included Tencent Music down 10.57% and GMM down 17.43% [6][11]

Market Overview - The U.S. stock market showed mixed results with the Dow Jones up by 0.46%, while the Nasdaq fell by 0.31% and the S&P 500 increased by 0.09% [1] - Major tech stocks experienced varied performance, with Nvidia rising by 0.7% and Amazon and Apple both declining by over 1% [3] Semiconductor Sector - Storage concept stocks continued to perform well, with Seagate Technology rising by 11%, Western Digital by over 8%, SanDisk by over 8%, and Micron Technology by over 3% [3] - Micron Technology announced that its new NAND flash wafer plant is on track to begin shipments in the second half of 2028, with HBM4 customer shipments expected to increase in the first quarter of 2028, one quarter ahead of schedule. The CFO indicated that market demand exceeds supply, and this tight supply situation is expected to persist until after 2026 [3] Retail Sector - Major U.S. retailers saw collective gains, with Walmart rising over 2% to reach a historical high, Macy's up nearly 4%, Kohl's up nearly 3%, and Ross Stores up over 2% [4] - McDonald's reported a 9.5% year-over-year revenue increase to $7 billion for the fourth quarter, with adjusted earnings per share of $3.12, exceeding expectations [4] Software Sector - Software stocks faced significant sell-offs, with Cisco's stock plummeting over 9%, marking its largest drop in 2023. Despite an increase in AI demand leading to an upward revision of annual guidance, the gross margin guidance for the current quarter fell short of expectations [4] - Other software stocks showed mixed results post-earnings, with Fastly surging over 60%, HubSpot up over 10%, and Applovin dropping over 14% [4][5] Chinese Stocks - Chinese stocks listed in the U.S. experienced a collective decline, with the Nasdaq Golden Dragon China Index falling by 1.4%. Tencent Music dropped nearly 6%, while other companies like Huya, Boss Zhipin, and Beike fell over 4% [6] Commodity Market - Precious metals saw a decline, with spot gold down by 0.37% at $5065 per ounce and spot silver down by 1.43% at $83 per ounce [8] - International oil prices also fell, with Brent crude futures down about 1% to $68.75 per barrel and WTI crude futures down about 1% to $63.99 per barrel [8] Cryptocurrency Market - The majority of cryptocurrencies saw an increase, with Bitcoin rising by 0.96%, remaining below $68,000. In the last 24 hours, 118,000 individuals experienced liquidations [10][11]

春节前夕，继"年货节"之后，拼多多接棒上线"春节不打烊"活动，加大对水果生鲜、粮油米面、肉禽蛋 奶、零食滋补、酒水饮料、日用百货等春节必需品的补贴力度，联合商家确保消费者在春节期间也可以 正常收货，持续为春节"菜篮子""年夜饭"保价稳供。 为了确保消费者可以"买得安心，吃得放心"，平台密集推出了多项食品安全治理的举措，主要包括经营 资质合规审查、食品广告治理，食品直播管控、未成年人保护、知识产权保护、食品数据库建设等。 从"春节不打烊"开始，2026年拼多多将全面提升食品消费的安全保障。 为了保障食品类商家、品牌的知识产权，平台还持续拓展了知识产权侵权投诉专属渠道，对权利人的知 识产权维权行为及时跟进处置。2025年，平台累计处置食品相关的侵权投诉数十万件，极大保障了食品 商家的知识产权权益。 2026年2月1日，由国家市场监督管理总局、国家互联网信息办公室联合发布的《直播电商监督管理办 法》正式施行，拼多多也将在2026年重点加大对平台直播商家的治理管控。在食品类直播中，平台将在 食品品类、商品指标、直播内容、达人口播等方面，全面加强对商家、主播的引导、管控和治理。 此外，平台还将持续完善食品数据库的精细化 ...

Since PDD Holdings ( PDD ) was last covered (HOLD rating), the stock is up over 70% despite facing an onslaught of challenges in both their home market as well as internationally. In China, they are battling aAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in PDD over the next 72 hours. I wrote this article myse ...