据介绍，顺丰控股将凭借在跨境头程与干线段的核心资源优势和成熟运营体系，结合极兔速递在全球13 个国家的末端网络与本地化运营优势，共同增强端到端跨境物流解决方案的网络覆盖和产品竞争力。同 时，在国内业务方面，双方在网络资源、客户群体、产品结构和差异化上具备较大互补协同空间，有助 于共同拓展服务边界。 截至发稿，极兔速递H股报11.86港元/股，涨幅为1.02%；顺丰控股A股报39.38元/股，涨幅为2.15%，H 股报36.18港元/股，涨幅为2.32%。 战略性相互持股实现优势互补 1月15日上午，顺丰控股与极兔速递联合发布公告，宣布达成一项战略性的相互持股协议，将互为对方 增发新股，投资交易金额达83亿港元。交易完成后顺丰控股将持有极兔速递10%股份，极兔速递将持有 顺丰控股4.29%股份。 根据协议，顺丰控股将向极兔速递增发2.26亿股H股股份，发行价为每股36.74港元；极兔速递将向顺丰 控股增发8.22亿股B类股份，发行价为每股10.10港元。交易完成后，顺丰控股将持有极兔速递10%的股 份，极兔速递将持有顺丰控股4.29%的股份。 顺丰控股称，此次合作旨在借助双方优势资源，共同构建一个覆盖更广、效率 ...

Core Viewpoint - SF Holding and J&T Express have entered into a strategic mutual shareholding agreement, with a total investment amount of HKD 8.3 billion, aiming to enhance their logistics network and service capabilities for Chinese enterprises going global [1][2]. Group 1: Strategic Partnership - SF Holding will issue 226 million H-shares to J&T Express at a price of HKD 36.74 per share, while J&T Express will issue 822 million Class B shares to SF Holding at a price of HKD 10.10 per share [1]. - Post-transaction, SF Holding will hold 10% of J&T Express, and J&T Express will hold 4.29% of SF Holding [1]. Group 2: Market Implications - The partnership is expected to leverage SF Holding's high-end express network and J&T Express's strong performance in the e-commerce delivery market, particularly on platforms like Pinduoduo, to create a comprehensive logistics service system [1][2]. - This collaboration is anticipated to enhance the global competitiveness of Chinese express delivery services, challenging the dominance of three major international express companies in the Asia-Pacific market [2]. Group 3: Industry Trends - The Chinese express delivery industry has become the largest globally, but has faced challenges due to price wars leading to a decline in delivery prices among major players [2]. - Since Q3 2025, the industry has seen a collective price increase as part of an "anti-involution" initiative, indicating a shift towards competition based on service quality and efficiency rather than solely on price [2].

面向中國市場的晶片 H20 不同，H200 是該公司 Hopper 架構的衍生版本，亦銷 往美國和其他市場。 攜程(09961.HK) 表示，接到國家市場監管總局通知，依法對公司涉嫌壟斷行為 進行立案調查。公司將積極配合監管部門調查，全面落實監管要求，與行業各 方攜手共建可持續發展的市場環境；目前各項業務均正常運行。 東曜藥業－Ｂ(01875.HK) 、藥明生物(02269.HK) 與藥明合聯(02268.HK) 聯合公 布，藥明合聯(要約人)提出自願要約收購東曜藥業全部股份，每股現金價 4 元， 較股份停牌前收報溢價 60%。連同購股權註銷價，最高代價約 27.9 億元，要約 人擬以內部資源支付。 港股點評 2026年1月15日9:30 a.m 恒指升 151 點，滬指跌 12 點，標普 500 跌 37 點 港股在阿里(09988.HK) 帶動下上升，恒指高開 123 點後升幅擴大，曾升 249 點 一度高見 27,097 點。滬深北交易所中午宣布上調融資保證金比例，恒指午後曾 倒跌 68 點見 26,780 點，全日升 151 點或 0.6%，收 26,999 點；國指升 30 點或 0.3%，收 9, ...

Core Viewpoint - The logistics industry is facing challenges such as slowing revenue growth and intensified competition, prompting companies like SF Express and Jitu Express to seek strategic changes to adapt to potential crises and shifts in the market [2]. Group 1: Strategic Partnership - SF Express and Jitu Express announced a strategic mutual shareholding agreement, involving a total investment of HKD 8.3 billion [2]. - Jitu Express will issue 822 million Class B shares to SF Express at HKD 10.10 per share, while SF Express will issue 226 million H shares to Jitu Express at HKD 36.74 per share [2]. - Post-transaction, SF Express will hold 10% of Jitu Express, and Jitu Express will hold 4.29% of SF Express [2]. Group 2: Complementary Strengths - The partnership aims to leverage both companies' strengths to build a more efficient and resilient global integrated logistics network, enhancing service for Chinese enterprises and the global e-commerce landscape [3]. - SF Express will utilize its core resources in cross-border logistics, while Jitu Express will contribute its localized operations across 13 countries, enhancing end-to-end logistics solutions [3]. - Both companies have significant complementary synergies in domestic operations, which will help expand their service boundaries [3]. Group 3: Historical Context - This is not the first collaboration between the two companies; in 2023, Jitu Express acquired SF Express's economy express business for CNY 1.183 billion, which improved Jitu's last-mile delivery capabilities and increased daily order volume to 50 million [3]. - The previous acquisition laid the groundwork for Jitu Express's successful entry into the capital market [3]. - SF Express has optimized its resources to focus on high-end express and comprehensive logistics business restructuring [4].

Core Viewpoint - SF Holding and J&T Express have announced a strategic mutual shareholding agreement, involving a total investment of HKD 8.3 billion (approximately RMB 7.435 billion) [1][3] Group 1: Share Issuance Details - SF Holding will issue 226 million H shares to J&T Express at a price of HKD 36.74 per share [3] - J&T Express will issue 822 million B shares to SF Holding at a price of HKD 10.10 per share [3] - Post-transaction, SF Holding will own 10% of J&T Express, while J&T Express will hold 4.29% of SF Holding [3] Group 2: Strategic Objectives - The collaboration aims to leverage both companies' strengths to build a more extensive, efficient, and resilient global integrated logistics network [3] - The partnership will enhance end-to-end cross-border logistics solutions by combining SF Holding's core resources in cross-border and trunk segments with J&T Express's localized operations in 13 countries [3] - There is significant complementary synergy in domestic operations, including network resources, customer bases, and product structures, which will help expand service boundaries [3]

Group 1 - The core point of the news is the strategic mutual shareholding agreement between Jitu Express and SF Holding, involving a total investment of HKD 8.3 billion [1][2] - Jitu Express will issue 822 million Class B shares to SF Holding at a price of HKD 10.10 per share, while SF Holding will issue 226 million H shares to Jitu Express at a price of HKD 36.74 per share [1] - After the transaction, SF Holding will hold 10% of Jitu Express, and Jitu Express will hold 4.29% of SF Holding [1] Group 2 - The mutual shareholding aims to leverage the complementary strategic synergies between both companies, enhancing their end-to-end cross-border logistics solutions [1] - Jitu Express's local operational advantages in 13 countries will combine with SF Holding's core resources in cross-border logistics to improve network coverage and product competitiveness [1] - Both companies see significant complementary opportunities in their network resources, customer bases, and product structures within China, which will help expand their service boundaries [1][2]

Core Viewpoint - Jitu Express and SF Holding have announced a strategic mutual shareholding agreement involving a total investment of HKD 8.3 billion, aimed at enhancing their logistics network and service capabilities for global e-commerce [1]. Group 1: Strategic Partnership - Jitu Express will issue 822 million Class B shares to SF Holding at a price of HKD 10.10 per share, while SF Holding will issue 226 million H shares to Jitu Express at a price of HKD 36.74 per share [1]. - Post-transaction, SF Holding will hold 10% of Jitu Express, and Jitu Express will hold 4.29% of SF Holding [1]. - The collaboration aims to leverage both companies' strengths to build a more extensive, efficient, and resilient global integrated logistics network [1]. Group 2: Complementary Strengths - Jitu Express plans to utilize its end network and localized operational advantages across 13 countries, combined with SF Holding's core resources in cross-border logistics and mature operational systems [1]. - The partnership is expected to enhance the competitiveness of end-to-end cross-border logistics solutions and expand service boundaries in the Chinese market [1]. Group 3: Historical Context - Prior to Jitu's IPO in Hong Kong in 2023, SF Holding already held a 1.54% stake in Jitu through investments [2]. - In May 2023, Jitu acquired 100% of SF Holding's Fengwang Express for HKD 1.183 billion, allowing SF Holding to divest from its economy express business and eliminate competition and losses [2].

顺丰控股（06936）与极兔速递-W（01519）拟互认股份，早盘逆市高开，截至发稿，顺丰控股上涨 3.73%，报36.68港元；极兔速递-W上涨2.56%，报12.04港元。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 责任编辑：卢昱君 顺丰控股（06936）与极兔速递-W（01519）拟互认股份，早盘逆市高开，截至发稿，顺丰控股上涨 3.73%，报36.68港元；极兔速递-W上涨2.56%，报12.04港元。 ...

Group 1: Cross-Border ETFs - The total scale of cross-border ETFs has surpassed 1 trillion RMB for the first time, reaching 10098 billion RMB as of January 13 [1] - The growth rate of cross-border ETFs has been significant, with an increase of 138% from 4242 billion RMB at the beginning of 2025 [1] - The surge in cross-border ETF popularity is attributed to global market rallies and increased interest in sectors like artificial intelligence and innovative pharmaceuticals [1] Group 2: Bank Wealth Management - Bank wealth management companies are experiencing a wave of zero-fee and low-fee products as they compete for market share, targeting the growing pool of deposit funds [2] - The total scale of bank wealth management has reached a record high, with 14 companies managing over 1 trillion RMB, reflecting an increase of nearly 30 billion RMB since early 2025 [3] - The industry is entering a "true net value era," where market fluctuations will directly impact product net values [3] Group 3: Fund Management - Some high-performing equity funds are implementing measures like suspending subscriptions or limiting purchases to manage inflows and maintain operational stability [2] - The adjustments in fund subscriptions reflect managers' considerations of performance sustainability and market conditions [2] - The trend of limiting subscriptions is seen as a way to balance fund size and strategy execution space, providing insights into future market trends [2] Group 4: Commodity and Technology Sectors - The demand for non-gold-related metal theme funds is increasing, with significant net subscriptions exceeding 51 billion RMB over the past year [2] - The average spot price of DRAM chips has risen by 9.64%, while NAND flash prices have also increased, although trading volumes remain low due to various market factors [5] - The pig farming market is expected to face continued pressure in the first half of 2026 due to oversupply and weak demand, despite seasonal factors [6]

消息面上，1月15日，顺丰控股与极兔速递联合发布公告，宣布达成一项战略性的相互持股协议，将互 为对方增发新股，投资交易金额达83亿港元。交易完成后，顺丰控股将持有极兔速递10%的股份，极兔 速递将持有顺丰控股4.29%的股份。 智通财经APP获悉，顺丰控股(06936)、极兔速递-W(01519)逆市高开，截至发稿，顺丰控股涨2.94%， 报36.4港元；极兔速递-W涨2.13%，报11.99港元。 顺丰控股创始人王卫和极兔速递创始人李杰共同表示，顺丰和极兔是多年合作的战略伙伴。此次相互持 股，是双方关系深化的重要里程碑，标志着彼此从业务协同走向更紧密的战略共赢。双方将携手打造一 个更高效的全球智慧物流网络，有力把握中资企业出海及跨境电商带来的历史性机遇，为客户创造更卓 越的全球供应链价值。 ...