导读： VC的灵性修行不是什么"锦上添花"——在AI巨潮时代，它可能是最被低估的投资能力。 作者丨张倩 来源丨天际投资 2026年2月马年春节前夕，我给一位在世界顶级AI实验室工作的老朋友打电话，想聊聊最新的AI 进展和新一年的趋势。他长期站在技术最前沿，亲手参与训练和调试全球最先进的大模型，对行业 的变化有着最直接的感知。电话中，他分享的不是简单的乐观或焦虑，而是一种对AI加速度的深刻 体会——技术正在以前所未有的速度演进，甚至开始重新定义包括他自己在内的从业者角色。 这种来自一线创造者的真实感受，让我意识到，2026年或许将成为值得认真思考的一年。而就在 那通电话后不久，两场更具标志性的AI浪潮接踵而至。 一 、Seedance 2.0与字节跳动的五轮投资 2026年春节前夜，字节跳动Seedance 2.0低调上线，以"导演级AI"的能力横扫全球。上传一张 照片、输入提示词，几分钟后生成运镜流畅、质感堪比院线大片的完整视频。《黑神话：悟空》制 作人冯骥写下："地表最强视频生成模型，没有之一。AIGC的童年时代，结束了。"Elon Musk在 X平台回应： "It's happening fast." 背 ...

Core Viewpoint - The integration of intangible cultural heritage (ICH) with tourism is increasingly attracting visitors, especially during festive seasons like the Spring Festival, showcasing a blend of traditional and modern cultural elements [1][18]. Group 1: Cultural Events and Activities - The popularity of ICH activities, such as the "Iron Flower" performances, has surged, with many cities incorporating these events into their local culture, making them accessible to the public [2][16]. - During the Spring Festival, various cultural events, including lantern festivals and traditional performances, are being organized, with significant participation from local communities and tourists [6][11]. - The "Datang Qian Denghui" event in Guangzhou features a large-scale performance with over a thousand participants in traditional attire, highlighting the growing interest in traditional culture among younger demographics [11][19]. Group 2: Economic Impact and Consumer Engagement - The rise in ICH activities is seen as a strategy for commercial districts and scenic areas to enhance their cultural tourism appeal, transforming one-time visitors into repeat customers through immersive experiences [17][19]. - Data from Meituan Travel indicates a 200% year-on-year increase in searches for "ICH experiences" during the Spring Festival, reflecting a growing consumer interest in cultural tourism [16]. - The integration of ICH with commercial activities is crucial for maximizing consumer engagement, as seen in the innovative "Lantern Festival + Temple Fair" model that encourages participation and spending [17][19]. Group 3: Challenges and Opportunities - Despite the growth in ICH activities, there is a need for more distinctive offerings to avoid consumer fatigue, as similar events across different regions may diminish the unique appeal [18][20]. - There is an identified gap in the depth of cultural exploration and creativity in some tourism projects, suggesting that further innovation is needed to fully leverage the potential of ICH [19][20]. - Policymakers are encouraged to develop more targeted support for ICH initiatives, promoting local cultural projects while allowing for market-driven innovations [20].

Core Insights - The "control" of the New Year's Eve dinner is shifting to younger generations, with 80s, 90s, and even 00s taking charge and infusing new creativity into traditional meals [2][4][10] - The younger generation is blending traditional dishes with innovative recipes, creating a new dining experience that reflects their values and preferences [6][10] Group 1: Generational Shift in New Year's Eve Dinner - The younger generation, particularly those from the 90s and 00s, are taking over the preparation of the New Year's Eve dinner, showcasing their creativity and modern interpretations of traditional dishes [2][4] - Examples of new dishes include "Purple Qi East Comes" and "Orange Heart Like" alongside traditional favorites, indicating a blend of old and new [4][6] Group 2: Market Response and Support - The market has responded to the needs of younger cooks by offering "semi-finished" New Year's Eve dinner options, making it easier for them to prepare meals [7][10] - Instant retail platforms and traditional restaurants are capitalizing on this trend, with many offering ready-to-cook meals that require minimal preparation [7][12] Group 3: Changing Consumer Preferences - Younger consumers are increasingly opting for personalized dining experiences rather than pre-set meal packages, reflecting a desire for involvement and customization in their dining choices [12] - The rise of online ordering and pre-ordering features in traditional restaurants indicates a shift in how younger generations engage with dining experiences [12] Group 4: Cultural Impact - The trend of younger generations taking charge of New Year's Eve dinners is fostering a new cultural resonance, with social media discussions around the topic generating significant engagement [12] - This shift is seen as a way to rejuvenate traditional customs, allowing for a modern interpretation that enhances family connections and cultural continuity [10][12]

Group 1 - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (71.26%), Haotian International Investment (70.78%), and Green Power Environmental (68.78%) [1][2] - In the last five trading days, the companies with the largest increase in holding amounts are China National Offshore Oil (CNOOC) (+764 million), Meituan (+652 million), and Bilibili (+400 million) [1][2] - The companies with the largest decrease in holding amounts in the last five trading days are Tencent Holdings (-644 million), China Mobile (-377 million), and Alibaba-W (-351 million) [1][3] Group 2 - The latest holding ratios for the top 20 companies in Hong Kong Stock Connect show significant ownership, with China Telecom leading at 71.26% and others like Tianjin Chuangye Environmental and China Shenhua also above 66% [2] - The increase in holdings for the top 10 companies in the last five trading days indicates strong investor interest, particularly in CNOOC and Meituan, suggesting potential growth opportunities [2] - The decrease in holdings for Tencent, China Mobile, and Alibaba may indicate a shift in investor sentiment or profit-taking strategies [3]

Core Viewpoint - The 2026 Spring Festival Gala showcased significant AI marketing efforts from major tech companies, highlighting the integration of AI into entertainment and user interaction, with a focus on enhancing audience engagement through innovative technologies [1][3][10]. Group 1: AI Integration in Spring Festival Gala - The gala featured AI elements prominently, with the "Doubao" application playing a central role in various performances and interactions, demonstrating the capabilities of AI in enhancing live events [1][3]. - Doubao's technology supported multiple aspects of the gala, including stage art creation, intelligent robot interactions, and real-time audience engagement through features like live subtitles [3][5][10]. - The gala's use of AI technologies, such as the Seedance 2.0 model, allowed for high-quality visual presentations and complex artistic expressions, showcasing the potential of generative AI in creative fields [4][5]. Group 2: Major Tech Companies' Marketing Strategies - Major companies like ByteDance, Tencent, Alibaba, Baidu, Meituan, and JD.com engaged in extensive marketing campaigns during the Spring Festival, utilizing AI to enhance user experiences and drive engagement [1][6][10]. - Tencent initiated a significant marketing campaign with a 1 billion yuan red envelope giveaway, aiming to replicate the success of previous promotional strategies [6][10]. - Alibaba's "one sentence to order milk tea" campaign achieved rapid success, reflecting the effectiveness of AI in facilitating consumer transactions during the festive season [7][10]. Group 3: Future of AI Applications - The competition among tech giants in the AI space is expected to accelerate, with a focus on applications that deliver clear business value and enhance user experiences [10][11]. - Companies are exploring long-term value in their marketing strategies, aiming to integrate AI into daily life and consumer habits [10][11]. - The ongoing AI flow battle is seen as a critical first step in establishing a competitive landscape for AI applications leading up to 2026 [11].

北京丹江渔村区域负责人何平介绍，10家门店每天都会接到很多年夜饭咨询、预订的电话。以丹江渔村 小院农展馆店为例，凭借独特的院中院用餐环境，成为年夜饭热门之选。 美团数据显示，截至2月12日，全国春节期间年夜饭预订订单同比增长105%。在杭州，许多传统杭帮菜 老字号餐企依然抢手，如杭州知味观总店除夕的100多桌堂食，早在1个月前就已订完；在广州，不少本 地特色餐饮门店包厢座无虚席，蕴藏着"盆满钵满"寓意的特色盆菜更是桌桌必点。 "如今，消费者对年夜饭的安排都是早早做好规划。"美团研究院高级研究员柴锐认为，对餐饮企业来 说，这不仅提供了更长的服务准备周期，也对供应链管理、预订系统效率、多样化服务提出了更高要 求。 一厢难求、小桌走俏、订单火爆……近段时间，全国各地烟火气升腾，餐饮市场消费迎来高峰，点燃新 春消费热潮。 2月16日下午5点半，位于北京市西城区月坛南街的同和居饭店客流渐增，经理唐晓兵热情接待着第三拨 年夜饭顾客。"我们共有22个包厢，为更好满足年夜饭用餐需求，又将大厅餐台改造成20张大圆桌。"唐 晓兵告诉记者。 前不久，商务部等9部门印发《2026"乐购新春"春节特别活动方案》。各地也因地制宜，纷纷推 ...

一厢难求、小桌走俏、订单火爆……近段时间，全国各地烟火气升腾，餐饮市场消费迎来高峰，点燃新 春消费热潮。 连锁餐饮商家各显神通、差异化发力。春节假期，全国超1000家海底捞火锅正常营业，同时，各地有10 多家海底捞新店、新场景亮相，增加了个性化服务。比如，对养宠家庭来说，外出就餐时，人宠共餐的 独立用餐空间就很有吸引力。 "为兼顾养宠人群与非养宠人群的用餐体验，门店将宠物友好区域设置为完全独立的用餐空间。"江苏省 苏州市海底捞宠物友好主题店负责人樊鹏介绍，该设计深受宠物家庭欢迎。 随着居民消费习惯的变化，"轻开火"的年夜饭模式显著升温。京东外卖数据显示，自推出全国年夜饭预 订服务以来，用户通过京东外卖服务搜索"年夜饭"相关词环比增长8倍。同和居、阳坊涮肉、松鹤楼等 相继上线的多款年夜饭礼盒，让消费者在家也可享用餐厅同款风味。 前不久，商务部等9部门印发《2026"乐购新春"春节特别活动方案》。各地也因地制宜，纷纷推出系列 促消费活动，如辽宁围绕年夜饭、辽菜非遗美食等推出美食市集、特色套餐和节日优惠，湖南则持续更 新春节品牌餐厅"不打烊"名单。 "超长假期与各地促消费政策，将为餐饮消费注入前所未有的活力。"柴锐 ...

来源：硅步run 今年春晚，四家人形机器人公司组团亮相，创下了春晚历史上机器人品牌集中登台的新纪录。 据《财经》等多家媒体报道，四家企业——宇树科技、银河通用、松延动力、魔法原子——每家为春晚 合作投入约1亿元。此前竞标阶段，独家权益的报价一度高达5亿元，智元机器人等公司也曾参与接触， 部分因价格原因放弃。智元机器人CMO邱恒后来坦言，公司2025年收入虽已突破10亿元，但市场预算 仍不宽裕，最终选择自办机器人晚会，花费"小几百万"。 同样是为机器人造势，四家公司愿意花一个亿买下一张春晚门票，背后的考量是什么？ 宇树科技：买的是"确定性" 更关键的是，宇树正在冲刺IPO。2025年7月，公司启动上市辅导。C轮融资后，估值超过120亿元，股 东名单汇聚了腾讯、阿里、蚂蚁、美团、红杉中国等一线机构。对一家即将上市的公司来说，1亿元的 春晚投入不算赌博，而是一笔经过验证的品牌投资——上一次投了回报丰厚，这一次没有理由不追加。 银河通用：一个亿只是零头 四家公司里，银河通用是估值最高的一家——30亿美元，超过200亿人民币，也是中国人形机器人行业 的估值之冠。1亿元的春晚费用，对它来说连估值的0.5%都不到。 银河通 ...

舞台之外，总台春晚文创已提前开启预售，紧扣马年主题，将文物元素与现代审美深度融合，上线后持续热销，让文化流量提前转化为消费增量。 今日除夕，万家灯火点亮团圆时刻，神州大地热潮奔涌，文旅、餐饮、零售、文创多点开花，烟火气与新活力交织，一幅热气腾腾的新春消费图景徐徐展 开。 马年元素早早渗透进节日消费的每一处细节。商场橱窗、年货市集、线上平台里，既有传统大气的骏马挂件、生肖金饰、马到成功摆件，也有年轻人追捧的 搞怪小马玩偶、萌系小马钥匙扣、卡通小马手机壳，造型俏皮可爱，一上架就成了爆款。有人给爱车挂上小马挂饰，图个一马当先的好彩头；有人给孩子买 上几只萌趣小马公仔，添一份新年喜气；还有人把国潮马纹文创当作伴手礼，让传统年味既耐看又新潮。这些大小不一、风格各异的马年小物件却撑起了年 货消费里最有人情味、最接地气的一笔。 长假文旅呈现鲜明的南北双向奔赴，冰雪与暖冬各领风骚。北方冰雪游持续火爆，哈尔滨冰雪大世界流光溢彩，长白山、阿勒泰等滑雪胜地游客络绎不绝， 滑雪、雾凇、温泉、民俗一站式体验成为爆款，冰上游玩相关消费热度走高。与此同时，大批北方游客候鸟式南下避寒，海南、云南、两广、福建阳光宜 人，三亚、西双版纳酒店预订 ...

Core Insights - As of February 16, a total of 88 stocks reached their 52-week highs, with the top three being Wei Jun Group Holdings (01013), MINIMAX-WP (00100), and Ai Hua Credit (01319), achieving high rates of 29.03%, 28.78%, and 26.32% respectively [1] Summary by Category 52-Week Highs - Wei Jun Group Holdings (01013) closed at 0.650, with a peak of 0.800, marking a high rate of 29.03% [1] - MINIMAX-WP (00100) closed at 847.000, reaching a high of 886.000, with a high rate of 28.78% [1] - Ai Hua Credit (01319) closed at 0.335, with a maximum of 0.360, achieving a high rate of 26.32% [1] - Other notable stocks include: - Haizhi Technology Group (02706) with a high rate of 26.10% [1] - Asia Express (08620) at 23.44% [1] - Yingda Real Estate (00432) at 15.79% [1] 52-Week Lows - The stock with the largest decline was Yuexiu Services (06626), which fell to 1.980, a decrease of 17.87% [3] - Vcredit Holdings (02003) dropped to 1.990, marking a decline of 12.44% [3] - Lin Qingxuan (02657) saw a decrease to 78.300, down by 9.54% [3] - Other significant declines include: - Jia Ming Group Holdings (01271) at -7.69% [3] - Yi He Holdings (01662) at -5.71% [3]