21智讯01月12日电，昆仑万维公告，公司股票于2026年1月9日、1月12日连续两个交易日收盘价格涨幅 偏离值累计超过30%，根据深圳证券交易所交易规则，属于股票交易异常波动的情况。针对上述情况， 公司进行了核实并说明：截至公告日，公司前期披露的信息不存在需要更正或补充之处；近期未发现公 共传媒报道可能对公司股价产生较大影响的未公开重大信息；公司当前经营情况及内外部环境未发生重 大变化；公司及控股股东、实际控制人不存在应披露而未披露的重大事项，也未处于筹划阶段的重大事 项；控股股东及实际控制人在股票异常波动期间未买卖公司股票。公司董事会确认，目前没有任何应予 以披露而未披露的事项，亦未获悉任何对公司股票交易价格产生较大影响的信息。 ...

Summary of Key Takeaways from China Internet Tour Industry Overview - **Industry**: China Internet - **Key Focus Areas**: AI, Cloud, Macro Environment, Competition, Regulation Core Insights 1. **Ecommerce Growth**: Soft consumption sentiment has negatively impacted ecommerce growth in the second half of Q4 2025, with expectations of continued muted macro conditions into 2026 [1][14] 2. **Regulatory Impact**: Tightening regulations and the implementation of ecommerce VAT are expected to affect the profitability of smaller merchants, which will, in turn, weigh on ecommerce platform monetization and margins [1][15] 3. **AI Cloud Demand**: Demand for AI cloud services remains robust, although supply constraints may gradually ease due to advancements in domestic chip production and selective approvals of high-end foreign chips [1][14] 4. **Competitive Landscape**: The competition in food delivery, quick commerce, and AI chatbots is intense, with increased promotional spending likely to further pressure profitability and margins [1][14] 5. **International Expansion**: Companies are increasingly focusing on overseas markets for robotaxi services, AI applications, and IDC buildout, moving beyond previous focuses on gaming and cross-border commerce [1] Company-Specific Highlights Alibaba (BABA) 1. **GMV Growth Pressure**: Macro conditions and a high base have pressured GMV growth, alongside a lapse of 0.6% fee/QZT benefit [2] 2. **Strategic Investments**: Management reiterated commitment to strategic investments in food delivery and quick commerce, aiming to increase volume and GMV market share in 2026 [2] 3. **Cloud Revenue Growth**: Strong demand for cloud infrastructure is expected to sustain high growth levels with stable margins [2] 4. **AI Integration**: Progress in user penetration of Qwen-Max-3 and future integration with Taobao and other Alibaba ecosystem components were highlighted [2] JD.com (JD) 1. **Macro Softness**: Similar to Alibaba, JD management noted macro softness and a high base affecting trade-in programs, with expectations of recovery in 2026 [3] 2. **Food Delivery Investment**: Continued investment in food delivery is seen as crucial for user growth and cross-selling synergies [3] 3. **General Merchandise Demand**: Despite macro challenges, demand for general merchandise remains solid, with growth momentum expected to continue into 2026 [3] Baidu 1. **AI and Cloud Demand**: Management emphasized strong demand for AI and cloud services, with AI-related revenues accounting for 40% of total core revenues in Q3 2025 [7] 2. **Spin-off Plans**: Commitment to improving disclosure of AI-related metrics and enhancing shareholder returns through the proposed spin-off of Kunlunxin was reiterated [7] Didi 1. **Volume Growth**: Management expects to maintain over 8% volume growth in China for 2026 despite macro headwinds [8] 2. **International Expansion**: Didi is committed to becoming a sustainable second player in Brazil, with significant investments in food delivery [8] Trip.com (TCOM) 1. **Travel Booking Performance**: Travel booking volume remained decent during New Year 2026, with expectations for hotel ADR stabilization [9] Full Truck Alliance (YMM) 1. **Order Volume Growth**: Anticipated slowdown in order volume growth to 12% in Q4 2025, with recovery expected in 2026 [10] Kanzhun 1. **Recruitment Recovery**: Continued recovery in recruitment sentiment, particularly in sectors like internet and healthcare, with growth momentum expected to sustain into 2026 [12] Bilibili (BILI) 1. **Ad Performance**: Advertising performance is on track, with expectations for decent momentum into 2026 driven by performance ads [13] Additional Insights 1. **Ecommerce VAT Impact**: JD.com is expected to be least affected by ecommerce VAT due to its large proportion of sales from 1P and large brands, while PDD and Kuaishou may face greater challenges [15] 2. **Investment Commitments**: Both Alibaba and JD are committed to high levels of investment spending, which may pressure profitability in 2026 [15] 3. **AI Competition**: The competition in AI infrastructure and models is intensifying, with Baidu's neutral position and Kunlun's compatibility with CUDA seen as advantages [14][15] Conclusion - The China internet sector is facing challenges from macroeconomic conditions and regulatory changes, but there are opportunities in AI and cloud services. Companies are focusing on strategic investments and international expansion to navigate these challenges and drive growth into 2026 [14]

Group 1 - The core viewpoint of the article highlights the recent public statement by Yao Shunyu, Tencent's newly appointed Chief AI Scientist, regarding the company's focus on AI model and product development, as well as observations on the differentiation trends within the AI industry [1] - Tencent is characterized as a company with a strong B2C gene, emphasizing the importance of providing more value to users through AI in various scenarios [1] - Yao Shunyu officially joined Tencent in December 2025, taking on the role of Chief AI Scientist and leading the AI Infra and large language model departments, reporting to the company's president and the president of the technology engineering business group [1] Group 2 - Yao Shunyu is recognized as a leading figure in the AI field, particularly in the area of large model "agents," having proposed the well-known ReAct framework and the "Tree of Thoughts" theory, which are foundational to modern large model reasoning and action coordination [1] - The team at Tencent is also considering how to effectively serve its own needs in the B2B space, noting that large companies have advantages over startups in terms of established scenarios and ecosystems [1]

Core Viewpoint - The article discusses a newly highlighted feature of WeChat Pay that allows users to receive reminders about lost items from merchants, which has sparked significant online discussion and interest among users [1][4]. Group 1: WeChat Pay Lost Item Reminder Feature - Users have recently discovered that WeChat Pay has a hidden feature that sends reminders about lost items after transactions at certain merchants [1]. - Some users were already aware of this feature, while others expressed surprise at its existence [4]. - Tencent's customer service indicated that this feature is only supported by select merchants, and personal information is not visible to merchants; only transaction details are shared [6]. Group 2: Other WeChat Features - WeChat offers various practical features that users may not be aware of, such as editing Excel documents directly from images received on mobile devices [7][9]. - Users can create personal chat groups to organize files better, which can be done by initiating a group chat with a unique four-digit code [11][13]. - The "File Transfer Assistant" can be used for searching specific content by entering a "" followed by the search term [14]. - Users can now withdraw all messages sent in a single action, enhancing message management [15]. - In group chats, users can selectively receive important notifications even when "Do Not Disturb" mode is activated [17].

Core Viewpoint - The article criticizes Apple CEO Tim Cook and Google CEO Sundar Pichai for not taking action against the social media platform X, which is violating app store guidelines by allowing deepfake pornographic content, due to fear of Elon Musk [1][2]. Group 1: Company Policies and Guidelines - Apple's App Store guidelines prohibit apps from containing offensive, insensitive, or disturbing content, yet X remains available despite clear violations [2][3]. - Google Play has similar policies that explicitly state applications promoting exploitation or abuse of children will be removed, but X continues to operate without repercussions [2][3]. Group 2: Leadership and Accountability - The article portrays Cook and Pichai as lacking backbone, suggesting they prioritize their relationships with Musk and the right-wing media ecosystem over ethical standards [2][3]. - The leadership of both companies is criticized for compromising their principles for power, leading to a situation where they cannot effectively manage their platforms [3][4]. Group 3: Historical Context and Comparisons - The article references past incidents, such as Tumblr being removed from app stores for similar violations, highlighting a perceived double standard in enforcement based on the platform's ownership [4][5]. - It recalls the Epic vs. Apple antitrust case, where Apple argued for strict control over its app store to protect users, contrasting this with its current inaction regarding X [4][5]. Group 4: Broader Implications - The article suggests that the current situation reflects a troubling trend in tech regulation, where companies prioritize shareholder interests over ethical considerations and user safety [6]. - It questions the integrity of both Apple and Google, implying that their actions contradict their stated values, particularly regarding user privacy and safety [6].

数据结构和算法 . 《算法秘籍》作者王一博，专注于互联网大厂热点事件和算法题讲解。 以下文章来源于数据结构和算法 ，作者博哥 最近一网友在网上发文称，自己在百度工作10年，最终还是被裁了，原因是可能没有通过上层领 导的 服从性测试 ，啥叫服从性测试我也不到懂。不过评论区还有一网友说自己在公司工作了14 年，本来因为可以干到退休，最终还是被裁了。 我记得2020年当时是疫情的时候，我们整个子公司都全部裁掉，所以被裁掉不一定是你的问题， 即便没人能接手你的工作，即便公司离不开你，但当整个项目组被砍掉的时候你也一样逃不掉。 --------------下面是今天的算法题-------------- 来看下今天的算法题，这题是LeetCode的第 1334题：阈值距离内邻居最少的城市，难度是中等。 很多人以为只要在公司干的时间够长，就不会被裁，这是一种严重误区，因为我经历过多次裁员， 有时候裁员并不是只裁某几个人，而是把整个项目组都砍掉，很快的，基本上连交接都不需要，最 多也就交接一些电脑以及办公用品。 输入 ：n = 4, edges = [[0,1,3],[1,2,1],[1,3,4],[2,3,1]], dis ...

Core Viewpoint - Alphabet is expected to continue its growth trajectory, driven by its dominance in digital advertising and adaptation to artificial intelligence trends [1][2]. Group 1: Company Performance - Alphabet's shares have increased by 723% over the past decade, significantly outperforming the overall market [1]. - The current market capitalization of Alphabet is $4.0 trillion, with a current stock price of $328.57 [3][4]. Group 2: Digital Advertising Growth - In Q3 2025, Alphabet generated $74 billion in digital ad revenue, accounting for 73% of its total revenue, marking a 13% year-over-year increase [2]. - The digital advertising industry is projected to grow at a compound annual rate of 15% through the end of the decade, providing a favorable environment for Alphabet's revenue and profit growth [2]. Group 3: Artificial Intelligence Adaptation - Alphabet is exploring new revenue streams through artificial intelligence, with its Gemini app boasting 650 million monthly active users [4]. - The company plans to monetize its Gemini app by displaying ads to free users starting in 2026, showcasing its ability to adapt to changes in the search landscape [5].

Core Viewpoint - Alphabet Inc. is gaining attention as an AI stock, with a price target raised to $390.00 from $330.00 while maintaining a Buy rating, reflecting bullish sentiment on the company's growth potential in AI and cloud services [1][2]. Group 1: Market Perception and Regulatory Impact - The market perception of Google shifted positively following a favorable ruling in the search antitrust case, moving from concerns about competitive pressures and regulatory challenges to a focus on search stability and AI innovation [2][3]. - The favorable ruling has allowed Google to leverage its scale and data advantages to enhance its competitive position, with expectations of sustained momentum in AI integration through 2026 [3]. Group 2: AI Innovation and Cloud Growth - Google is expected to accelerate its pace of AI innovation and cloud growth, supported by structural hardware advantages such as Tensor Processing Units (TPUs) [3]. - Despite potential volatility anticipated in the first half of 2026 due to the launch of new AI models and supply chain constraints, the overall outlook for the stock remains positive [3].

记者丨 孔海丽 编辑丨骆一帆 视频丨王学权 1月10日，在由清华大学基础模型北京市重点实验室、智谱AI发起的AGI-Next前沿峰会上，27 岁的姚顺雨履新腾讯首席AI科学家后首次公开发声，他透露，最近在忙"模型和产品的开发"， 也首次谈及了对AI行业分化趋势的观察。 他提到，腾讯是一家to C基因很强的公司，会更思考如何让AI给用户提供更多价值，在丰富的 场景里落地AI价值。 奖品随机6选1（国风新年糖桶、低糖蛋黄酥礼盒、黄油蛋卷、5L菜籽油、果然有 福混合包、秋月梨米酒），免费快递到家。 SFC 奠定了现代大模型推理与行动协同的技术基石。 出品丨21财经客户端 21世纪经济报道 编辑丨张嘉钰 最高100万元！证监会大幅提高"吹哨人"奖励 81岁芯片大佬恢复中国籍，为交税套现近亿元，60岁归国带出2000亿元半导体巨头 日本知名巨头退出中国内地市场，平价品牌狂奔，有门店日排队3000桌 21君荐读 B端方面，团队会思考如何先将自身服务好，且大公司做2B业务较创业公司已具备场景和生态 优势。 2025年12月，27岁的姚顺雨正式加入腾讯，担任首席AI科学家，并兼任AI Infra部、大语言模 型部负责人，向总 ...

Group 1 - The core viewpoint of the articles highlights the recent appointment of Yao Shunyu as Tencent's Chief AI Scientist and his focus on developing models and products in the AI sector [1][2] - Tencent is positioned as a company with a strong consumer-oriented (to C) gene, emphasizing the importance of delivering value to users through AI in various scenarios [1] - Yao Shunyu's background includes prestigious education from Tsinghua University and Princeton University, and he is recognized as a leading figure in AI, particularly in the field of large models and intelligent agents [2] Group 2 - The company is considering how to effectively serve its own needs in the B2B sector, noting that larger companies have advantages over startups in terms of established scenarios and ecosystems [2] - Yao Shunyu's contributions to the AI field include the development of the ReAct framework and the "Tree of Thoughts" theory, which are foundational to modern large model reasoning and action coordination [2]