Core Viewpoint - Tencent has introduced new features for the Spring Festival, allowing users to create and share "New Year Friend Circles" and utilize AI to generate New Year songs, enhancing user engagement and interaction on the platform [1][10][11]. Group 1: New Features Introduction - Users can create a "New Year Friend Circle" by using the "Yuanbao" app, which allows them to post and trigger interactions, including the potential to receive red envelopes [1][5]. - The new feature includes a limited-time display of content and comments as emojis, adding a fun element to the interactions [5]. - Users can also create personalized New Year songs using AI, which can be shared with friends, further promoting engagement [10][11]. Group 2: Enhanced Red Envelope Features - This year, users can customize red envelope covers by adding "attachments," allowing for personalized greetings and images [12][14]. - The red envelope covers can be showcased on public accounts, encouraging more users to participate and share [16]. - Users can switch their nickname to "golden" in the comments section of public accounts during the Spring Festival, enhancing the festive experience [17].

Core Viewpoint - The Hong Kong stock market experienced a significant surge in AI-related stocks, driven by the launch of new AI applications and models, particularly the Seedance 2.0 model by Doubao, which has been integrated into various platforms and is expected to enhance content creation efficiency [1][2][3]. Group 1: Market Performance - On February 16, the Hong Kong Hang Seng Index rose by 0.52% to close at 26,705.94 points, while the Hang Seng Tech Index increased by 0.13% [1]. - Newly listed Haizhi Technology Group saw its stock price surge over 32% within the first five minutes of trading, eventually rising more than 242% on its first day [1][2]. - Other AI-related stocks, such as Douyin concept stock Duoxiangyun, experienced a spike of over 40% [2][7]. Group 2: AI Application Developments - Doubao's Seedance 2.0 video generation model has been officially integrated into the Doubao App, allowing users to create short videos by inputting prompts [2][7]. - The model is expected to play a significant role in the upcoming Spring Festival Gala, marking its first major client engagement [2][3]. - Doubao's new Spring Festival activities include interactive features and AI-generated greetings, enhancing user engagement [2][7]. Group 3: Technological Advancements - ByteDance announced the launch of Doubao Model 2.0, which has been optimized for large-scale production environments, enhancing its capabilities in multi-modal understanding and complex instruction execution [3][8]. - The release of Seedance 2.0 signifies a leap in AI video generation technology, redefining content creation efficiency through its multi-modal integration and industrial production characteristics [4][9]. - The competitive landscape for domestic large models is shifting from a "hundred models battle" to a phase of differentiated competition, with a focus on sustainable monetization through subscription models [5][10].

Core Viewpoint - Disney has issued a cease-and-desist letter to ByteDance, accusing the company of unauthorized use of Disney characters in its Seedance 2.0 AI video generator [1] Group 1: Legal Actions - Disney claims that ByteDance's Seedance 2.0 is using a pirated library of copyrighted characters from franchises such as Star Wars and Marvel, presenting them as public-domain content [1] - The cease-and-desist letter alleges that Seedance is reproducing, distributing, and creating derivative works featuring characters like Spider-Man and Darth Vader [1] - Paramount Skydance has also sent a cease-and-desist letter to ByteDance for similar intellectual property infringement [1] Group 2: ByteDance's Response - ByteDance has stated it will enhance safeguards on Seedance 2.0 to prevent unauthorized use of copyrighted characters and celebrity likenesses [1] - The AI model has gained popularity in China, with videos going viral, including one featuring Tom Cruise and Brad Pitt [1] Group 3: Disney's Previous Actions - Disney has previously taken similar actions against Character.AI, demanding the cessation of unauthorized use of its copyrighted characters [1] - In December, Disney signed a licensing deal with OpenAI, allowing the use of characters from its franchises in the Sora video generator [1]

2月16日除夕，港股迎来半日市交易（9:30—12:00）。港股小幅低开并快速下跌，随后震荡上行，截至 收盘三大指数集体翻红，恒生指数涨0.59%，报26723点，恒生科技指数涨0.13%（盘中一度跌近2%）， 报5367.28点，国企指数涨0.56%，报9082.93点，红筹指数涨1.13%，报4387.42点。从蛇年全年表现看， 恒生指数累涨超32%，恒生科技指数累涨超13%，国企指数累涨超23%。 盘面上，贵金属、半导体、石油石化等板块走强，国防军工、可选消费、硬件设备等板块不振；互联网 巨头走低拖累指数。大型科技股中，阿里巴巴-W跌0.26%，腾讯控股涨0.47%，京东集团-SW跌2.26%， 小米集团-W跌0.16%，网易-S涨2.32%，美团-W涨0.43%，快手-W涨0.15%，哔哩哔哩-W涨0.67%。 华泰证券在研报中指出，当前市场波动依然较高，本周适逢春节假期，影响市场的主要因素或来自美 股、春节期间消费、AI进展等。美股短期内或延续AI主线分化和高低切特征，对市场风偏影响中性； 但国内消费高频数据和AI模型等已有新进展。综合来看，建议均衡配置，短期重点关注直接受益于AI 进展的存储等半导 ...

Core Viewpoint - The article discusses the rapid success of the Qianwen App, launched by Alibaba, highlighting its significant user engagement and the evolving consumer behavior towards AI-driven services [2][3]. Group 1: User Engagement and Performance - On February 6, the Qianwen App's promotional event led to over 10 million orders within 9 hours, with actual orders reaching 15 million on the first day, exceeding initial expectations by 15 times [2]. - The Daily Active Users (DAU) approached that of Doubao, although the company prioritizes user feedback and experience over DAU metrics [2]. Group 2: Consumer Behavior and Market Trends - The second wave of promotional activities showed a notable shift in consumer preferences, with high-ticket items like hotel bookings and movie tickets seeing significant increases—hotel demand grew over 4 times and flight bookings nearly tripled [3]. - There is a faster growth rate in lower-tier cities and counties compared to first and second-tier cities, indicating that AI consumption is penetrating deeper into the market [3]. Group 3: AI Integration and Future Outlook - The first promotional wave served as a capability validation for AI in real-life scenarios, while the second wave integrates Alibaba's entire ecosystem, including travel and entertainment services [3]. - The company emphasizes that AI development is a gradual process, requiring real-world testing and refinement to enhance its service capabilities [3]. - The CEO believes that China will lead globally in AI applications, with continuous advancements driven by competition among companies [3].

本届晚会在南宁设主会场，在越南河内、海防以及印尼、老挝、泰国等地设立分会场，通过中外联 合举办、节目共创、春节文化快闪等形式开展文明互鉴活动，并制作成多语种节目。播出范围覆盖亚 洲、北美洲、大洋洲等地区，通过越南国家电视台（VTV）、印尼国家电视台、老挝国家电视台、新 西兰Channel33等49个媒体平台，向158个国家和地区同步报道和落地播出。 节目融合科技与文化，AI、AR等技术深度应用。首创的AI数智人"福宝"形象融合马纹壮锦元素， 以"数据织山海，骏年暖人间"为使命，承担节目转场和文化解读功能。开场歌舞《AI上春天》由中国与 东盟青年歌手联袂演绎，人工智能参与作曲编曲，醒狮与AI机械狗同台竞艺，AR技术实时生成动态窗 花与春联。歌曲《茉莉花》以云端技术联动多国歌手，用多语种唱响东方经典；武术《太极》展现中国 与巴西的文化对话；器乐演奏《山海和鸣·万马奔腾》奏出草原辽阔意象。深圳街舞团以街舞形式演绎 国家级非遗"英歌舞"，《岜莱神韵·壁语千年》融合广西花山岩画与敦煌飞天元素，以杂技与舞蹈展现 中华传统文化。 在越南河内，AI数智人"福宝"穿越"数据山海"现身舞台，歌舞《AI上春天·飞跃山海》拉开序幕； ...

Market Overview - On February 16, the Hong Kong stock market opened slightly lower, with the Hang Seng Index down 0.25% and the Hang Seng Tech Index down 1.14% [1] - The market saw strength in sectors such as precious metals, semiconductors, and oil, while sectors like defense, consumer discretionary, and hardware struggled [1] Technology Sector - The Hang Seng Tech Index has experienced significant declines recently, creating potential value for investors [9] - Recent market volatility is attributed to liquidity shocks, and the current situation is compared to market conditions in November 2025 [10] - Analysts recommend buying on dips and holding stocks through the holiday season [10] AI Application Stocks - AI application stocks in Hong Kong saw gains, with Zhiyu (智谱) opening up over 7% and later experiencing fluctuations [11] - Zhiyu's stock price has increased by 130% since February, with a total market capitalization exceeding 230 billion HKD [11] IPO Developments - Zhiyu has withdrawn its IPO guidance submitted in April 2025 and is now pursuing a new listing on the Sci-Tech Innovation Board [13] - The company has changed its IPO advisory firms to Guotai Junan Securities and China International Capital Corporation [13] Semiconductor Sector - The semiconductor sector showed strength, with stocks like Zhaoyi Innovation (兆易创新) rising over 17% [16] - A price increase in storage chips is expected, with Kioxia planning to raise average selling prices by approximately 50% starting in Q1 2026 [17] - Analysts predict significant improvements in profitability for the NAND industry, with Samsung's NAND business operating margin expected to rise to 37% and SK Hynix to 42% in Q1 2026 [18] Precious Metals Market - The precious metals sector is experiencing a boost, with gold prices expected to rise due to seasonal demand and investment interest [14] - ANZ analysts have raised their gold price forecast for Q2 from $5,400 to $5,800 per ounce [14]

昨晚彭博富豪榜更新，一个名字消失了——黄仁勋，跌出全球前十。 1510亿美元身家，年初至今缩水超30亿。这位AI教父，从去年10月英伟达股价见顶，一路看着财富缩 水。同期，谷歌两位创始人各蒸发50亿，甲骨文埃里森更狠——348亿美元说没就没。 但有人欢喜有人愁。沃尔玛三兄妹，联手杀进前十，三人合计财富超4600亿。今年沃尔玛股价涨了 18%，数字化转型帮他们抢了线上份额，也抢了富豪榜席位。 最猛的还是马斯克。财富暴涨572亿，冲到6770亿，创历史新高。SpaceX和xAI一合并，估值直接破万 亿。 这背后是什么？资金在跑。从AI板块撤出来，往必需消费品躲。软件股跌、金融科技跌，沃尔玛涨。 所以问题来了：黄仁勋跌出前十，是AI泡沫破了，还是正常的轮动回调？ 我的判断：市场在问一个问题——AI烧了这么多钱，回报到底什么时候来？ 英伟达的芯片卖得再好， 如果下游赚不到钱，这故事就讲不下去了。 对普通投资者，别盯着富豪榜看热闹。资金流向变的时候，跟对人比猜对点更重要。沃尔玛进前十，不 是一天的事；AI调整，也不是一天的局。 你觉得，英伟达这波跌完，是上车机会，还是刚开了个头？评论区聊聊。 ...

Core Viewpoint - Tencent has introduced a new feature called "Golden Moments" for the Chinese New Year, allowing users to create and share festive posts on WeChat, with the potential to receive red envelopes by engaging with others' posts [1][2]. Group 1: New Features - Users can create a "New Year Friends Circle" using the Yuanbao app and share it on WeChat, which will trigger the "Golden Moments" feature [1][2]. - By liking others' Golden Moments, users have a chance to receive red envelopes [1][2]. - The content and comments in the New Year Friends Circle will be temporarily displayed as emojis [10][12]. Group 2: Additional Features - WeChat has introduced an AI feature that allows users to create New Year songs, enhancing the festive experience [14]. - Users can also customize their red envelope covers with "attachments" and personalized messages during the Spring Festival [16].

今日（2月16日，除夕），港股迎来半日市交易（9:30—12:00），开盘后整体呈现小幅低开震荡态势。 受港股通关闭导致流动性偏紧影响，市场交投相对温和，同时叠加周末多重利好因素，板块呈现明显分 化，科技、贵金属等板块表现活跃，地产、金融板块则表现平淡。 （文章来源：每日经济新闻） 消费板块受节日催化，百胜中国、海底捞等餐饮零售标的开盘后小幅高开，随后震荡整理，博彩类个股 也因客流回升呈现温和波动，但小票弹性相对更大。新能源板块小幅高开、稳步上行，宁德时代因将被 纳入恒生指数，被动资金提前布局，带动信义光能、龙源电力等标的小幅走强。 反观偏弱板块，地产、金融板块因政策未超预期、业绩压力较大，开盘后呈现震荡整理态势，难有明显 起色；医药及创新药板块因筹码拥挤、短期无强催化，表现分化；周期类板块（除黄金外）受需求偏弱 影响，整体跟随大盘震荡。 后市展望： 招商证券指出，近期以恒生科技为代表的港股科技方向整体跌幅较大，而弱势的行情往往是各类悲观叙 事滋生的温床。该券商认为，当前位置的恒生科技指数有极大的配置价值。首先，近期行情波动只是剧 烈的流动性冲击；其次，天底下没有新鲜事，当前市场的大幅波动，本质上和2025年 ...