"芯片带来算力的供给，互联网带来数据的供给，AI带来智力的供给。未来，所有行业都会感受到AIGC（生成 式人工智能）带来的革命性变革。"2023年12月底，值得买科技CTO王云峰在接受新华财经专访时表示："我们 认为，AIGC带来的技术革新，堪称第四次工业革命。" 回顾整个2023年的AIGC发展进程，王云峰表示，相比各大互联网企业在AIGC研发方面投入的大量资金和精 力，更激动人心的是，AIGC商业化场景的不断涌现，发展潜力日趋显性。"目前，AIGC的应用，主要集中于以 下三类场景：一是容错率较高的场景，如图片的生成；二是对创意性要求较高的场景，如对海量素材和文章进 行提炼、总结；三是服务于企业生产效率的提升。" 电商尤其是内容电商，无疑是最符合上述三大特征的最典型场景之一。"目前，各大电商平台都在加大对AIGC 的投入，正是基于AICG将颠覆传统电商模式这一判断。"王云峰直言。 以近两年快速崛起的内容电商为例，拥有较强的内容能力和内容生态，能够通过内容的分发精准触达用户，抓 住用户兴趣并与自己能够获取到的货品供应链高效匹配，是它们的最大特征和优势。而AIGC，几乎能够在内 容电商的每一个业务环节，提供赋能 ...

这位在人工智能与创意产业领域打拼多年的连续创业者，操盘过众多跨国项目，拥有敏锐的创业嗅觉。这一次，他将目光瞄准了成都。 这座城市在2025年迎来了数字文创的诸多"高光时刻"，从电影、游戏再到科幻，爆款IP频出，一个超3000亿规模的产业生态逐渐成型。 对严驰李懋而言，相较于首尔等国际城市，除了数字文创的产业聚集度及文化IP的丰富度，成都最吸引他的因素在于，不设边界、自由流动的生活与创业氛 围。 不到一个月的时间，严驰李懋凭借自身的行业资源储备，在成都传媒集团（成都传媒产业集团）的助力下得以迅速"落户"成都，搭建起一个汇聚海外顶尖院 校博士、硕士的科创团队。 每经记者｜谢陶 每经编辑｜唐元 过去三个月，严驰李懋频繁往返于成都与首尔之间，思考着如何在AIGC的浪潮之下，找到一个极具增长力的创业切口。 就此，一家全新的创业公司——成都视点空间科技应运而生，并以人工智能、计算机图形（VFX）、扩展现实（XR）为技术核心。 作为创始人兼CEO的严驰李懋希望以成都为圆心，打造出一个国际化的AI技术与内容平台。"我们瞄准的是下一个'奈飞'。"他丝毫没有掩饰自己的野心。 本期《创史记》，《每日经济新闻》记者特地邀请到这位初来 ...

Market Overview - The A-share market showed a general upward trend today, with the Shanghai Composite Index rising by 0.92% to close at 4120.43 points, and the Shenzhen Component Index increasing by 1.15% to 14120.15 points [1] - The ChiNext Index rose by 0.77% to 3327.81 points, while the Sci-Tech 50 Index increased by 1.43% to 1475.97 points [1] - Overall, 3918 stocks rose, while 1344 stocks fell, with a total trading volume of 31,227 billion yuan, an increase of 3,224 billion yuan compared to the previous trading day [1] Industry Performance - Among the Shenwan first-level industries, sectors such as Media, Comprehensive, National Defense and Military Industry, Computer, and Nonferrous Metals led the gains, with increases of 5.31%, 3.60%, 3.29%, 2.90%, and 2.78% respectively [1] - Conversely, the Banking and Non-Banking Financial sectors experienced declines of 0.44% and 0.20% respectively [1] Concept Sector Performance - The top-performing concept sectors today included Pinduoduo partners, Xiaohongshu platform, Kimi, Douyin Doubao, WEB3.0, Virtual Humans, ChatGPT, AIGC, Internet Celebrity Economy, Rare Metals Selection, Multimodal Models, Short Drama Games, Intelligent Agents, Chinese Corpus, and Live Streaming E-commerce [2] - In contrast, sectors such as Silicon Energy, Power Equipment Selection, Photovoltaic Glass, Insurance Selection, and Banking Selection saw a pullback [2]

Core Points - The A-share market saw all three major indices rise collectively, with the Shanghai Composite Index achieving a 16-day consecutive increase and surpassing the 4100-point mark for the first time in over a decade [1] - The Shanghai Composite Index closed at 4120.43 points, up 0.92%, while the Shenzhen Component Index rose 1.15% to 14120.15 points, and the ChiNext Index increased by 0.77% to 3327.81 points [1][2] - The total market turnover reached approximately 3.15 trillion yuan, significantly higher than the previous trading day [1] Industry Performance - Sectors such as cultural media, internet, aerospace and military industry, and power generation equipment showed notable gains [3] - Concept sectors including tungsten mining, virtual humans, and AIGC (Artificial Intelligence Generated Content) performed exceptionally well [3]

Core Viewpoint - The AI marketing sector in the A-share market is experiencing significant activity, with multiple stocks hitting the daily limit up, indicating strong investor confidence in the commercialization of AI technology in marketing [1] Group 1: Market Performance - The AI marketing sector has seen a surge in stock prices, with several companies reporting daily gains of over 10% [1] - Notable performers include: - Liou Co., Ltd. (002131.SZ) with a stock price of 7.46 yuan and a daily increase of 10.03% [1] - BoRui Communication (600880.SH) at 6.47 yuan, also up by 10.03% [2] - Zhewen Interconnection (600986.SH) at 9.76 yuan, gaining 10.03% [3] - YiDianTianXia (301171.SZ) with a stock price of 52.69 yuan, up by 20.00% [4] - Tianlong Group (300063.SZ) at 10.85 yuan, increasing by 20.02% [6] - Kunlun Wanwei (300418.SZ) at 54.02 yuan, with a daily rise of 19.99% [8] - BlueFocus Communication Group (300058.SZ) at 17.18 yuan, up by 14.08% [9] Group 2: Company Highlights - Liou Co., Ltd. focuses on self-developed AIGC advertising material standards and tools, with its LEOAIAD platform enhancing AI-driven marketing [1] - BoRui Communication has upgraded its "Smart Creation Communication" AIGC platform to offer intelligent production services [2] - Zhewen Interconnection launched the "HochiGEO" intelligent system for monitoring AI search platforms [3] - YiDianTianXia is a global mobile marketing platform leveraging AI technology for overseas marketing [4] - Tianlong Group integrates AI technology into its digital marketing and fine chemical business [6] - BlueFocus Communication Group is embracing AIGC to drive intelligent upgrades across the marketing chain [9] - HuiChen Co., Ltd. specializes in AI-driven data analysis for commercial clients [10] - Qingmu Technology focuses on e-commerce data marketing, utilizing AI to enhance operational effectiveness [12] - ZhiDeMai operates a consumer content community, empowering content creation and marketing through AIGC technology [13]

Core Insights - The report emphasizes that in 2026, the media internet sector will undergo a dual reconstruction driven by the transition from AI as a "technical infrastructure" to "application deep water zone," focusing on entry form migration, distribution rule repricing, and supply-side capacity explosion [1][11] - AI Agents are set to replace traditional apps as the new super entry point, shifting the traffic distribution logic from "time capture" to "efficient execution" [1][12] - AIGC (AI-Generated Content) is expected to lead to a significant increase in content production capacity, with zero marginal cost production becoming a reality, thus redefining the value of quality data and IP [1][11] Group 1: AI Agents and Traffic Distribution - AI Agents signify a generational leap in human-computer interaction, evolving from GUI to IUI, fundamentally changing the traffic distribution logic [1][12] - The traditional "click-jump" model is being replaced by a "dialogue-execute" paradigm, where AI Agents understand user intent and execute tasks across applications [1][12] - The emergence of AI Agents is expected to create a new operational layer that could potentially replace single apps as the primary distribution entry point [1][12][19] Group 2: AIGC and Content Supply - AIGC is anticipated to transition from a phase of "cost reduction and efficiency enhancement" to a "new demand creation" explosion by 2026, significantly increasing content supply [1][41] - The production barriers for video, 3D, and gaming assets are expected to lower drastically, leading to a surge in content supply and a devaluation of mediocre content [1][41] - Content consumption is evolving from passive viewing to active engagement, with new formats like "generative interactive dramas" and "AI companion games" emerging [1][43] Group 3: Investment Recommendations - The investment strategy in the media internet sector is shifting towards high-quality assets in both traffic distribution and content supply, focusing on companies that can effectively capture user intent and provide quality content [1][41] - Companies with operational system bases or super Agent platforms are likely to gain new traffic distribution rights and bargaining power, while mid-tier apps lacking exclusive content may face risks of being "pipelined" [1][19] - Key players in the AI Agent space include Alibaba, Tencent, and ByteDance, which are actively developing their AI capabilities to secure new traffic entry points [1][25][40]

Group 1 - The media concept stocks have strengthened, with Kunlun Wanwei and Leo Group rising approximately 10%, while Kaiying Network, Shenzhou Taiyue, and Mango Excellent Media increased by over 2% [1] - The Media ETF has risen by about 4% due to market influences [1] Group 2 - Some brokerages indicate that in the medium to long term, the media industry is expected to recover in terms of prosperity, driven by the gradual restoration of content supply, deepening AI technology empowerment, policy support, and expectations of consumer recovery [2] - Companies in the film and television box office, gaming, and advertising marketing sectors that show strong performance are recommended for attention, along with those involved in digital assets and applying AIGC-related technologies [2]

Group 1 - The Shanghai Composite Index reached a high of 4100 points in early trading but narrowed its gains to close at 4095.33 points [1] - A-shares showed mixed performance in early trading, with over 60 stocks hitting the daily limit up [2] - The internet and cultural media sectors led the gains, while banking, insurance, oil and chemical, and household goods sectors experienced the largest declines [2] Group 2 - Rare metals surged over 5%, leading the popular concepts, while platforms like Xiaohongshu, Kimi, AIGC, and influencer economy also saw increases [3] - Industrial gases, silicon energy, photovoltaic, and semiconductor equipment concepts fell by more than 1% [3]

Group 1 - The core issue faced by small and micro enterprises, self-media creators, and individual entrepreneurs is the high cost and low efficiency of content production, compounded by the inadequacies of traditional AIGC products in the Chinese context [1][3] - 360 Nano AI addresses these challenges with a comprehensive solution that includes a multi-modal large model, an intelligent agent scheduling engine, and localized training, enabling users to generate commercial-quality content in just 60 seconds without professional skills [1][3] - The technology leverages a "swarm of intelligent agents" that collaborate dynamically to optimize tasks such as composition, color adjustment, copywriting, and sound effects, resulting in superior output quality [1][3] Group 2 - Since its launch in April 2025, Nano AI has served over 140 million users across more than 300 cities in China, achieving a daily active user count exceeding 10 million and generating over 500,000 pieces of content daily, thus creating a vast user ecosystem [3] - The product exemplifies a new paradigm of "intelligent agent collaboration," representing an evolution in AIGC from "individual operation" to "group collaboration," with L4 level autonomous collaboration capabilities [3] - 360 Group, established in 2005, has transitioned from a security product provider to a builder of a "big security" ecosystem, focusing on the democratization of creativity through the launch of the world's first L4 level intelligent agent system, "Nano Intelligent Agent Swarm" [4]

红杉中国副总裁李广平，红杉中国合伙人郑庆生，MiniMax创始人兼CEO闫俊杰，红杉中 国副总裁董瀛，红杉中国投资经理张凯，MiniMax副总裁薛子钊。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO 早 知 道 消 息 ， MiniMax Group Inc. （ 以 下 简 称 "MiniMax" ） 于 2026 年 1 月 9 日 正 式 以"0100"为股票代码在港交所主板挂牌上市，成为史上IPO规模最大的AI大模型公司。 成立至今，MiniMax已获得多家战略投资方和一线机构的投资和支持。其中， 红杉中国在2023年7 月参与了MiniMax的A+轮融资，并在此后多轮加持，这也是迄今为止红杉中国在大模型领域投资金 额最大的项目之一。IPO前，红杉中国持有MiniMax 3.81%的股份，为第三大财务投资方。 红杉中国副总裁李广平介绍称，红杉中国在2021年底开始系统性研究生成式AI，是最早关注并开始 投资AIGC领域的机构。 2022年前后，在红杉中国内部的研究框架中，已经非常明确地把 AI 视为 未来最重要、且发展速度最快的底层能力。 "从结 ...