春节主要活动：2026.2.2#千问宣布30亿春节请客，2.6开启第一波活动，2.7宣布可以买盒马，2.10接入大 麦，2.17起#为所有人带来「每日首单立减」活动 春节活动效果：①「千问请客」春节活动期间（2.6-2.17），有超过1.3亿人在千问点奶茶、囤年货、买电影票/ 门票、订机酒；#一共说了50亿次"千问帮我"。 ②"春 【国海海外】主要互联网大厂AI Agent春节核心表现梳理 【国海海外】主要互联网大厂AI Agent春节核心表现梳理 春节主要活动：2026.2.2#千问宣布30亿春节请客，2.6开启第一波活动，2.7宣布可以买盒马，2.10接入大 麦，2.17起#为所有人带来「每日首单立减」活动 春节活动效果：①「千问请客」春节活动期间（2.6-2.17），有超过1.3亿人在千问点奶茶、囤年货、买电影票/ 门票、订机酒；#一共说了50亿次"千问帮我"。 春节主要活动：2025.12.28#火山引擎正式成为总台春晚独家AI云合作伙伴，除夕当晚豆包通过总台春晚送出超 10万份科技好礼以及最高8888元现金红包 ②"春节30亿大免单"上线6天（2.6-2.12），#千问帮大家完成下单1.2亿笔。 春 ...

Market Overview - The Hang Seng Index fell by 1.93%, down 521 points, closing at 26,560 points, while the Hang Seng Tech Index decreased by 2.36% [1] - The early trading volume in Hong Kong stocks was HKD 138.7 billion [1] Notable Stock Movements - Zhipu (02513) surged over 20%, and MINIMAX-WP (00100) increased by more than 7% despite the overall market decline [1] - Kintor Pharmaceuticals (01888) rose over 11%, and Kintor Group (00148) gained 4.5% following positive earnings guidance [1] - Tongguan Gold (00340) saw a rise of over 5%, with expected profit growth of approximately 289% to 298% year-on-year [1] - Dongfang Electric (01072) increased by over 6%, with a long-term supply-demand gap in gas turbine exports indicating potential expansion [1] - Yangtze Optical Fibre and Cable (06869) rose over 5%, reaching a new high, with continued optimism in the optical fibre and cable market [1] Declining Stocks - China Duty Free Group (01880) fell over 9%, with a cumulative drop of more than 20% over three days, as institutions believe the stock price reflects strong performance in Hainan's duty-free sector [1] - Gaming stocks collectively declined, with MGM China (02282) dropping 4.2% due to lower-than-expected average daily gaming revenue during the Chinese New Year holiday [1] - Domestic insurance stocks retreated across the board, with New China Life Insurance (01336) falling over 5%, as Q4 net profits may be affected by short-term investment fluctuations [1] - Maoyan Entertainment (01896) decreased over 7%, hitting a nine-month low, attributed to weak box office performance during this year's Spring Festival [1]

港股恒生指数跌1.93%，跌521点，报26560点；恒生科技指数跌2.36%。港股早盘成交1387亿港元。 大模型双雄逆市反弹，智谱(02513)涨超20%；MINIMAX-WP(00100)涨超7%。 建滔系盈喜后继续走高。覆铜板及上游物料量价齐升，带动集团全年业绩增长。建滔积层板(01888)涨 超11%；建滔集团(00148)涨4.5%。 中国中免（601888）(01880)再跌超9%，三日累跌逾两成，机构称股价已反映海南免税亮眼表现。 博彩股集体走低。春节假期澳门日均赌收逊预期，花旗下调2月赌收预测。美高梅中国(02282)跌4.2%。 内险股全线回落。新华保险（601336）(01336)跌超5%，险企Q4净利润或受短期投资波动影响。 猫眼娱乐(01896)跌超7%创九个月新低，今年春节档电影票房偏弱。 潼关黄金(00340)涨超5%，预计去年溢利同比增长约289%至298%。 东方电气（600875）(01072)涨超6%，重燃主机供需硬缺口将长期延续，公司燃气轮机出口有潜在扩张 空间。 长飞光纤（601869）光缆(06869)涨超5%再创新高，光纤光缆景气度有望持续向上。 ...

| 名称 | 现价 | 涨跌幅 · | 涨跌 | | --- | --- | --- | --- | | 智谱 | 662.000 | 18.21% | 102.000 | | MINIMAX-WP | 900.500 | 7.14% | 60.000 | | 明略科技-W | 261.800 | 1.55% | 4.000 | ｜钉钉 来源：第一财经 2月24日，港股大模型股再度走强，截至发稿，智谱大涨超18%，报662港元/股；MINIMAX-WP涨超 7%，报900.5港元/股。 ...

2026年2月，国际市场调研机构沙利文发布报告显示，2025年下半年，中国企业级大模型日均调用量飙 升至37.0万亿tokens，较上半年的10.2万亿增长263%。头部大模型占比均有提升，其中，阿里云千问 （Qwen）增幅最多，占比跃升至32.1%，相较上半年的17.7%几乎翻倍；字节豆包占比21.3%排名第 二；DeepSeek占比18.4%，排名第三。 ...

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起看看吧。 【巨头风向标】 2月23日，问界汽车官微发布《关于广东省惠州市车辆起火的说明》。其中称，2026年2月21日，一辆问界M9在广东省惠州市附 近起火，事件未造成人员伤亡。经初步调查，车辆三电系统状态正常，且未见车辆其它自身异常，判断事件非车辆自身原因导 致。说明称，将密切配合有关部门完成后续调查并积极协助用户处理后续事宜。请大家不信谣，不传谣。 问界通报"广东惠州车辆起火事件" 2月22日，智谱发布技术报告，全面解读GLM-5的技术细节。据称，GLM-5是一款旨在推动编程范式从"Vibe Coding"（氛围编 程）转向"Agentic Engineering"（智能体工程）的下一代基础模型。GLM-5 在前代模型 GLM-4.5 的智能体、推理与编程 （Agentic, Reasoning and Coding, ARC）能力基础上，采用稀疏注意力（DeepSeek Sparse Attention，DSA）以大幅降低推理成 本，同时保持长上下文能力无损。为了让 ...

Core Insights - The report by Frost & Sullivan indicates a significant increase in the daily usage of enterprise-level large models in China, projected to reach 37 trillion tokens in the second half of 2025, marking a 263% growth from 10.2 trillion tokens in the first half of 2025 [1] Group 1 - The market share of leading large models has increased, with Alibaba Cloud's Qwen showing the most substantial growth, rising to 32.1% from 17.7% in the first half of 2025, nearly doubling its share and solidifying its position as the most favored large model among Chinese enterprises [1]

Summary of Company and Industry Insights Company: Kunlun Wanwei Key Points 1. **Model Development**: Kunlun Wanwei has a comprehensive layout in large models, applications, and computing infrastructure. The company’s large models cover multiple fields, with the music model Mureka ranked among the global top tier. The release of version V8 in January has enhanced music creation capabilities, and the company plans to launch AI Studio, aiming for an AI version of Spotify [1][1][1]. 2. **Revenue Generation**: The company has started generating revenue from its AI software technology, reporting an income of 65.27 million yuan in the first half of 2025, which represents a year-on-year growth of over 10 times. Key products contributing to AI revenue include Skywork, Linky (AI social), and Mureka (AI music) [1][1][1]. 3. **Growth in AI Applications**: The desktop version of Skywork and the new version of Mureka are expected to contribute additional revenue. The company is actively expanding its AI applications into short dramas and comics, with its paid platform DramaWave and free platform FreeReels establishing a strong position in the overseas short drama market [1][1][1]. 4. **User Metrics**: The Monthly Active Users (MAU) have surpassed 80 million, with monthly revenue exceeding 40 million USD, indicating a continued upward trend [2][2][2]. 5. **Investment in Computing Power**: Kunlun Wanwei has invested in AI chip development through its 58% stake in Aijiekexin, focusing on enhancing its computing power capabilities [2][2][2]. Additional Insights - The significant growth in AI software revenue and user engagement metrics suggests a robust market position and potential for further expansion in the AI sector. - The strategic investments in AI chip development may enhance the company's competitive edge in the rapidly evolving technology landscape.

Group 1 - The core viewpoint of the article highlights the strong performance of major AI model companies, with Zhiyu (02513) rising by 9.82% to 615 HKD and MINIMAX-WP (00100) increasing by 7.73% to 905.5 HKD [1] - OpenRouter's latest weekly data shows that the total token volume of the top ten models is approximately 8.7 trillion, with Chinese models dominating at 5.3 trillion, accounting for 61% [1] - MiniMax M2.5 ranks first with 2.45 trillion tokens, followed by Kimi K2.5 with 1.21 trillion tokens, while Zhiyu GLM5 and DeepSeek V3.2 are in third and fifth places respectively [1] Group 2 - Guolian Minsheng Securities (601456) believes that the trend in the AI industry has not changed this year, transitioning from technological research and development to large-scale commercial implementation [1] - In the long term, the continuous iteration of reasoning and multimodal large models, integration of major ecosystems, and increasing penetration across various industries are expected to drive rapid growth in token usage [1] - The large-scale commercial application and industrial implementation of AI models are anticipated to be promising [1]

Group 1 - A joint statement from foreign ministers of 19 countries, including Qatar, Saudi Arabia, and Egypt, condemns Israel's increased control over the West Bank [2] - Trump criticizes the U.S. Supreme Court's tariff ruling, suggesting it grants him more power to impose strict tariffs on foreign industries, including batteries and telecommunications [2] - The European Parliament's International Trade Committee has decided to suspend the approval process for the EU-U.S. trade agreement [2] Group 2 - U.S. stock markets saw a collective decline, with the Dow Jones down 1.66%, Nasdaq down 1.13%, and S&P 500 down 1.04% [3][5] - Major tech stocks mostly fell, with Microsoft and Netflix dropping over 3%, while Nvidia and Apple saw slight gains [3][5] - The Nasdaq China Golden Dragon Index fell by 0.95%, with mixed performance among popular Chinese stocks [4] Group 3 - Gold prices increased by 2.52%, reaching $5,227.43 per ounce, while silver rose by 4.49% to $88.01 per ounce [5][7] - WTI crude oil futures fell by $0.17, or 0.26%, closing at $66.31 per barrel, while Brent crude oil futures dropped by $0.27, or 0.38%, to $71.49 per barrel [5][7] Group 4 - South Korea's exports reached a historical high of $43.5 billion from February 1 to 20, with semiconductor exports surging by 134.1% [26] - The U.S. Federal Reserve's interest rate decision in March will depend on February labor market data, with a strong data potentially leading to a rate hold [25] Group 5 - The Chinese film box office surpassed 8 billion yuan in 2026, with the Spring Festival box office exceeding 5.4 billion yuan [27] - Morgan Stanley predicts a 130,000-ton copper supply deficit in 2026, with copper prices expected to be $13,500 per ton in Q2 [28]