人民财讯12月30日电，据京东云消息，近日，京东与华为技术有限公司正式达成深度技术合作。双方将 聚焦智能广告、大模型及云计算等核心领域，通过京东云计算、广告算法升级、华为鲲鹏技术联合创 新，重点破解高并发场景下的广告技术瓶颈，共同构建下一代高效、智能的广告技术基础设施。 ...

Core Viewpoint - The Hong Kong stock market, particularly the internet sector, is experiencing a downturn, with the Hong Kong Internet ETF (513770) showing signs of bottoming out despite recent fluctuations. The ETF has seen a net inflow of 35.89 million yuan, indicating some investor interest amidst the decline [1][3]. Group 1: Market Performance - The Hong Kong Internet ETF (513770) opened lower and fluctuated, reaching a new low since October, with a decrease of 0.19% [1]. - The index tracked by the ETF has dropped over 19% since October, with the latest price-to-earnings (PE) ratio at 24.38, which is significantly lower than the 25th percentile of the past five years [2][3]. Group 2: Investment Opportunities - Analysts suggest that the current valuation of Hong Kong internet stocks reflects pessimistic expectations, and with potential interest rate cuts from the Federal Reserve, a favorable investment window is emerging [3]. - The internet sector, particularly driven by AI advancements, is expected to be a strong market rebound driver, with major companies transitioning from competition for traffic to competition based on ecosystem capabilities [3]. Group 3: ETF Characteristics - The Hong Kong Internet ETF (513770) passively tracks the CSI Hong Kong Internet Index, heavily investing in leading companies like Alibaba, Tencent, and Xiaomi, with over 73% of its top ten holdings focused on AI and cloud computing [3]. - The ETF has an average daily trading volume exceeding 600 million yuan, providing good liquidity and supporting intraday T+0 trading without QDII quota restrictions [3].

云计算50ETF（516630）跟踪云计算指数（930851）。该指数的AI算力含量较高，覆盖了光模块&光器 件、算力租赁、数据中心、AI服务器、液冷等热门算力概念。云计算50ETF（516630）为跟踪该指数合 计费率最低的ETF。场外联接（A类：019868；C类：019869） 12月30日，A股主要指数低开后快速拉升，微软合作商、ChatGPT、AIGC等概念表现活跃。截至9:38， 光模块CPO含量超57%且同类费率最低的创业板人工智能ETF华夏（159381）涨超1%；聚焦国产软硬 件的云计算50ETF（516630）涨0.91%；聚焦通信+电子算力硬件的5G通信ETF（515050）涨0.56%， 截至昨日，该ETF年内涨幅已超100%。 据华尔街见闻报道，英伟达同意支付约200亿美元获得初创公司Groq的技术授权，并聘用其核心团队。 据报道，尽管交易细节尚未完全公开，但这笔约200亿美元的资金规模，已达到Groq数月前融资时69亿 美元估值的约三倍。通过这一举措，英伟达旨在获得更具成本效益且速度更快的芯片设计能力，以应对 日益增长的AI应用运行需求。此举不仅让英伟达获得了关键的知识产权和人才， ...

Robotics - Supply chain companies are visiting clients in North America, with market expectations that Tesla's Optimus project will soon be awarded [1] Semiconductor - Starting January 1, 2026, several semiconductor packaging and testing companies, including PINGJIE Electronics and XINKONGYUAN Electronics, will raise product prices by 8% to 20%, reflecting a tight capacity situation [3] New Energy - Recent rumors about production cuts and price negotiations in the industry have caused disturbances, but actual capacity expansion is still progressing, and price negotiations are ongoing [4] Artificial Intelligence - ByteDance's Volcano Engine has announced it will be the exclusive AI cloud partner for the 2026 Spring Festival Gala, with a new AI headset featuring a camera expected to debut at the event [6] Digital Currency - China plans to offer interest incentives for the digital yuan payment function to further promote its adoption and application [7] Electricity - Annual long-term electricity prices for several provinces in 2026 have been released, showing overall price levels below previous market expectations [8] Tariff Policy - The 2026 tariff adjustment plan has been published, which includes the cancellation of temporary import tax rates on items such as micro motors and printing machines [9] - Import tariffs will be reduced on 935 items, including advanced materials, key components, and regenerated black powder for lithium-ion batteries [10] Market Observation - On Monday, trading volume was 21.4 trillion, slightly down by 20.9 billion. The Shanghai Composite Index achieved nine consecutive days of gains but showed a fluctuating adjustment pattern during the day. As the year-end approaches, market sentiment is becoming more cautious [11] - The oil and petrochemical, military industry, and banking sectors saw significant gains, while the technology sector's low-position domestic computing stocks had average price feedback. The market operation difficulty is increasing, with some funds possibly choosing to enter a cautious state early [12]

12月29日，东方国信（维权）涨0.60%，成交额1.81亿元。两融数据显示，当日东方国信获融资买入额 2612.12万元，融资偿还1800.06万元，融资净买入812.06万元。截至12月29日，东方国信融资融券余额 合计9.04亿元。 融资方面，东方国信当日融资买入2612.12万元。当前融资余额9.02亿元，占流通市值的7.93%，融资余 额超过近一年60%分位水平，处于较高位。 融券方面，东方国信12月29日融券偿还3.94万股，融券卖出800.00股，按当日收盘价计算，卖出金额 7992.00元；融券余量21.73万股，融券余额217.08万元，低于近一年40%分位水平，处于较低位。 资料显示，北京东方国信科技股份有限公司位于北京市朝阳区创达三路1号院1号楼东方国信大厦，成立 日期1997年7月28日，上市日期2011年1月25日，公司主营业务涉及为客户提供企业级大数据和云计算产 品、工业互联网平台以及行业整体解决方案。主营业务收入构成为：定制软件开发及服务76.59%，系 统集成业务16.14%，云计算业务5.60%，软件产品1.68%。 截至9月30日，东方国信股东户数8.00万，较上期减少6. ...

铜作为重要的工业金属，广泛应用于电力、建筑、交通和科技领域，其价格动态常被视为全球经济的晴 雨表。全球铜价持续走高，并创下历史新高，这一现象背后反映了深层次的市场变化。疫情之后，全球 经济复苏与能源转型加速，铜的供需格局发生显著转变。供给不足与需求激增的矛盾日益突出，金融市 场则放大了价格波动。 金融投资是铜价上涨的重要放大器。铜作为大宗商品，其金融属性日益凸显，投资者通过期货、ETF和 基金等工具参与市场，推高了价格。尤其是在今年美联储的降息周期持续以及其从缩表转变为再次扩表 的情况下，全球流动性再度宽松，对冲基金和投机资本大量涌入铜期货市场，未平仓合约量创历史新 高。这些投资行为基于对供需缺口的预期，往往放大基本面波动。 铜的期货价格常出现"超调"现象，即价格涨幅超过实物供需变化，这源于程序化交易和杠杆效应。金融 投资者关注铜的长期前景，提前布局导致价格提前反映未来需求。同时，铜作为通胀对冲工具，在宏观 经济不确定性下吸引避险资金流入。金融投资的介入虽提升了市场流动性，但也增加了价格泡沫风险， 需警惕回调压力。 总体而言，全球铜价创历史新高，是供给不足、需求爆发、短期失衡及金融投资共同作用的结果。供给 端 ...

天眼查显示，近日，上海微承云算力科技有限公司成立，法定代表人为赵凯，注册资本2000万人民币， 由济南文达电子技术有限公司全资持股。 企业名称上海微承云算力科技有限公司法定代表人赵凯注册资本2000万人民币国标行业信息传输、软件 和信息技术服务业>互联网和相关服务>互联网信息服务地址上海市徐汇区平福路378号-380号2层企业类 型有限责任公司（自然人投资或控股的法人独资）营业期限2025-12-29至无固定期限登记机关徐汇区市 场监督管理局 来源：市场资讯 序号股东名称持股比例1济南文达电子技术有限公司100% 经营范围含技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；数据处理和存储支持服 务；人工智能公共服务平台技术咨询服务；工业互联网数据服务；信息系统集成服务；基于云平台的业 务外包服务；互联网数据服务；软件开发。（除依法须经批准的项目外，凭营业执照依法自主开展经营 活动） ...

Core Insights - The Chinese cloud computing industry is undergoing a significant transformation, with AI IaaS market expected to grow by 122.4% year-on-year by mid-2025, indicating a shift towards computing power as a critical resource [2] - Traditional public cloud IaaS growth has stagnated, with a historic decline of 14.1% in non-AI business, highlighting the shift from resource-based services to intelligence-driven solutions [3] Group 1: Market Dynamics - The competitive landscape has shifted dramatically, with a new focus on who will dominate as the "operating system" of the AI era, featuring key players like Baidu, Alibaba, and ByteDance [5] - ByteDance's Volcano Engine has rapidly gained market share, reaching 49.2% in the large model public cloud calling market by mid-2025, disrupting traditional cloud business models [8] - Baidu's strategy focuses on self-developed Kunlun chips to create a differentiated advantage, allowing it to maintain a strong position in the market despite price competition [13][16] Group 2: Technological Evolution - The evolution of cloud computing has transitioned from server leasing in the PC internet era to a digital foundation in the mobile internet era, and now to an intelligent engine in the AI era, emphasizing the integration of computing power, models, data, and industry knowledge [6] - The emergence of AI has necessitated a shift from resource leasing to providing comprehensive capabilities, with cloud vendors needing to transform from "selling resources" to "selling capabilities" to remain competitive [6] Group 3: Strategic Approaches - Alibaba's strategy involves offering free models while charging for cloud services, aiming to create an ecosystem that binds developers to its cloud infrastructure [20][21] - Baidu's focus on enterprise clients and its self-developed technology allows it to avoid the pitfalls of price wars, instead leveraging its technological capabilities to secure a strong market position [16][22] - Tencent is integrating AI capabilities into its existing ecosystem, enhancing monetization efficiency across its platforms [22] Group 4: Future Outlook - The term "cloud computing" is becoming less prominent as the focus shifts to the output of intelligence and the integration of AI into everyday applications [23][24] - The consensus among Chinese cloud vendors is that the ultimate goal is not just data storage but the output of intelligence, marking the beginning of a new era in cloud computing [26]

智通财经APP获悉，据港交所12月29日披露，用友网络科技股份有限公司(简称：用友网络， 600588.SH)向港交所主板递交上市申请，招银国际、中信证券为其联席保荐人。这是该公司年内第二次 递表港交所，曾于6月27日递交过上市申请。招股书显示，用友网络是领先的企业软件与智能服务提供 商，致力于应用以AI、大数据、云计算为核心技术的企业数智化软件与智能服务的研发创新、销售与 服务。根据弗若斯特沙利文的资料，以2024年收入计，公司是中国企业软件及服务市场最大的市场参与 者，市场占有率达4.1%，且按2024年海外收入计，公司亦为中国最大的境内企业软件公司。 | 壽纂]的[編纂]數目 | : [編纂]股H股(視乎[編纂] | | --- | --- | | | 行使與否而定) | | [編纂]數目 | :「編纂]股H股(可予[編纂]) | | [編纂]數目 | : [编纂]股H股(可予[編纂]及 | | | 視乎[編纂]行使與否而定) | | | 最高[編纂] : 每股H股[編纂]港元,另加1.0%經 | | | 紀佣金、0.0027%證監會交易徵 | | | 費、0.00015% 會財局交易徵費及 | | | ...

据港交所12月29日披露，用友网络（600588）科技股份有限公司(简称：用友网络，600588.SH)向港交 所主板递交上市申请，招银国际、中信证券为其联席保荐人。这是该公司年内第二次递表港交所，曾于 6月27日递交过上市申请。招股书显示，用友网络是领先的企业软件与智能服务提供商，致力于应用以 AI、大数据、云计算为核心技术的企业数智化软件与智能服务的研发创新、销售与服务。根据弗若斯 特沙利文的资料，以2024年收入计，公司是中国企业软件及服务市场最大的市场参与者，市场占有率达 4.1%，且按2024年海外收入计，公司亦为中国最大的境内企业软件公司。 ...