AI搜索时代，互联网平台的流量逻辑正在重构——用户不再通过关键词"检索"信息，而是通过AI助 手"提问"获取答案。某头部电商平台数据显示：2025年Q4，其用户通过AI问答了解产品的占比已达 42%，但仅有15%的平台内容能进入AI回答的前3条推荐。这种"看不见=不存在"的流量困境，让AI问答 优化成为互联网平台业的"必答题"。 一、为什么AI问答优化是互联网平台的"流量生命线"？ 艾奇在线广告研究院2025年12月发布的《AI搜索GEO优化内容推荐得分算法白皮书》指出：AI问答的 核心逻辑是"场景相关性×信源可信度"——前者决定内容是否匹配用户需求（比如"电商平台哪家退货 快" vs "社交平台怎么涨粉"），后者决定AI是否认为内容"可信"（比如上市公司案例比个人博客更有权 重）。 对互联网平台而言，AI问答优化的本质是"把平台的核心价值精准嵌入用户的问题场景"：比如电商平台 需要让AI回答"买护肤品哪个平台保真"时推荐自己，社交平台需要让AI回答"怎么找同好群"时提到自己 的社区功能。如果优化不到位，就算平台产品再好用，也会被用户"视而不见"。 二、选型的3大核心维度：告别"看广告选服务商"的误区 面对市 ...

Group 1 - US stock market opened high but turned lower, with the Nasdaq initially rising over 1% before declining [1] - Semiconductor stocks surged, with the Philadelphia Semiconductor Index increasing by over 4.5%, including significant gains from Nvidia, Intel, and ASML [1] - Major tech stocks like Apple, Amazon, Microsoft, Google, and Netflix experienced declines [1] Group 2 - Chinese concept stocks saw a significant rise, with the Nasdaq Golden Dragon China Index increasing by nearly 4% [3] - Baidu Group surged over 12%, while iQIYI rose over 9%, and other companies like WanGuo Data and JinkoSolar saw increases exceeding 7% [5] - The Hong Kong stock market opened strong, with the Hang Seng Index rising by 2.76% and the Hang Seng Technology Index increasing by 4.0% [6] Group 3 - Analysts suggest that the strong performance of Chinese assets on the first trading day of 2026 indicates a continuation of the structural bull market from 2025, with a clear investment focus on hard technology sectors like semiconductors and AI, as well as policy-driven consumption sectors like home appliances and automobiles [7] - The offshore RMB exchange rate against the US dollar strengthened, surpassing 6.97, reaching its highest level since May 2023 [7] Group 4 - In the precious metals market, spot gold initially broke through $4,400 but then retraced nearly all of its gains, while spot silver also saw a significant pullback [9]

元旦假期要闻出炉！ 国内财经方面：商务部新闻发言人就欧盟碳边境调节机制有关问题答记者问；2026元旦档票房破7亿； DeepSeek发布新论文提出更为高效的AI开发方法。资本市场方面：香港恒生科技指数收涨4%，壁仞科 技上市首日大涨超75%；国家集成电路基金在中芯国际H股的持股比例从4.79%升至9.25%；百度计划分 拆昆仑芯并于港交所独立上市。国际财经方面：特朗普下令打击委内瑞拉境内目标；特朗普称抓获委内 瑞拉总统马杜罗及其夫人并带离委内瑞拉 国内财经 商务部新闻发言人就欧盟碳边境调节机制有关问题答记者问 商务部新闻发言人就欧盟碳边境调节机制有关问题答记者问。问：欧盟碳边境调节机制（CBAM）于 2026年1月1日起正式实施，欧盟近日密集发布CBAM相关立法提案与实施细则，请问商务部对此有何评 论？ 答：中方注意到，欧盟近日密集发布CBAM相关立法提案与实施细则，包括设定碳排放强度默认值、计 划扩大产品覆盖范围等内容。其中，欧方无视中国绿色低碳发展取得的巨大成效，对中国产品碳排放强 度设定显著偏高的基础默认值，并将在未来三年内逐年提高，这不符合中国当前实际水平和未来发展趋 势，对中方构成不公平、歧视性待遇 ...

元旦资本市场动向出炉！ 香港股市开年大涨，恒生指数收涨2.76%，恒生科技指数涨4%。"港股GPU第一股"壁仞科技上市首日大 涨超75%；半导体板块涨幅居前，华虹半导体涨超9%，中芯国际涨超5%；科网股上涨，百度集团涨超 9%，网易涨超6%，阿里巴巴、腾讯控股涨超4%。 美股三大指数收盘涨跌不一，纳指高开低走，收跌0.03%，标普500指数微涨0.19%，道指涨0.66%。明 星科技股表现分化，阿斯麦涨近9%，美光科技涨超10%，二者股价均创历史新高。AMD涨超4%，英伟 达涨超1%，谷歌微涨；特斯拉、微软跌超2%，亚马逊跌近2%，Meta跌超1%，苹果微跌。 中概股指数大涨。1月1日至1月2日，万得中概科技龙头指数上涨5.2%，纳斯达克中国金龙指数上涨 4.38%，富时中国A50指数期货上涨1.12%，明星中概股普涨，百度收涨15%，哔哩哔哩、网易涨超 7%，阿里巴巴涨超6%，京东涨近3%。 原油大幅下跌。1月1日至1月2日，布伦特原油下跌2.53%，IPE英国天然气上涨0.66%，COMEX黄金上 涨0.23%，LME铜上涨0.54%。 美债收益率上行，日债收益率小幅下行。1月1日至1月2日，10年美债收 ...

Market Performance - US stock market opened high but turned negative, with the Nasdaq initially rising over 1% before declining [1] - Chip stocks in the US saw a broad increase, with the Philadelphia Semiconductor Index rising over 4.5%, including significant gains from Nvidia, Intel, and ASML [2] - Major tech stocks such as Apple, Amazon, Microsoft, Google, and Netflix experienced declines [2] Chinese Stocks - The Nasdaq Golden Dragon China Index surged nearly 4%, with Baidu Group soaring over 12% [4] - iQIYI increased by over 9%, while other Chinese companies like GDS Holdings and JinkoSolar also saw significant gains [6] Hong Kong Market - The Hong Kong stock market opened strong, with the Hang Seng Index rising by 2.76%, the Hang Seng China Enterprises Index up by 2.86%, and the Hang Seng Tech Index increasing by 4.0% [6] - Sectors such as AI, semiconductors, commercial aerospace, electrical equipment, home appliances, and automotive showed strong performance throughout the day [6] Investment Outlook - Analysts suggest that the strong performance of Chinese assets at the start of 2026 indicates a continuation of the structural bull market from 2025, with a clear investment focus on hard technology represented by semiconductors, AI, and smart hardware, alongside policy-driven consumption in home appliances and automotive sectors [8] - The offshore RMB exchange rate against the US dollar strengthened, surpassing 6.97, reaching its highest level since May 2023 [8] Currency and Commodities - The performance of the RMB exchange rate is influenced by various factors including international environment, capital flows, and policy changes, with ongoing uncertainties regarding its future trajectory [9] - In precious metals, spot gold initially broke through $4,400 but later retraced most of its gains, while spot silver also saw a significant pullback [10]

Core Insights - The New Year's consumption data from Douyin Life Services indicates a significant increase in various consumer activities during the holiday period, highlighting a robust growth in the experience economy [1][3]. Group 1: Retail and Shopping Trends - During the New Year holiday from December 30, 2025, to January 1, 2026, sales of supermarket shopping vouchers on Douyin increased by 164% year-on-year, with apparel and jewelry sales rising by 147% and 109% respectively [1]. - Pet care services also saw a notable increase, with a 63% rise in consumption as pet owners prepared for the New Year [1]. Group 2: Travel and Tourism Insights - The travel market experienced a surge, with hotel and guesthouse sales increasing by 93% and 97% year-on-year, respectively, and attraction ticket sales rising by 46% [3]. - The "Heartbeat List" of featured hotels saw a 71% increase in sales and an 85% rise in order volume from December 19, 2025, to January 1, 2026 [3]. Group 3: Experience Economy Growth - The offline experience economy thrived, with Douyin group purchase sales for "Pindou" experiences skyrocketing by 1461% [3][4]. - Sales for amusement park visits and pottery experiences grew by 106% and 99% year-on-year, respectively, indicating a strong consumer preference for interactive and memorable experiences [4]. Group 4: Consumer Preferences Among Younger Generations - Data from Douyin indicates that post-95 consumers favored experiences such as dessert drinks, Sichuan hotpot, barbecue buffets, billiards, gaming halls, and beauty services, reflecting their emphasis on personalized and experiential consumption [5]. Group 5: Urban Consumption Dynamics - Major cities like Shanghai, Zhengzhou, and Guangzhou displayed strong local consumption activity during the New Year period, with a notable tourism surge in Hainan due to its favorable climate and attractions [7]. - Popular scenic spots included Wansui Mountain Wuxia City and Harbin Ice and Snow World, which attracted significant consumer interest, contributing to regional cultural and tourism consumption growth [7].

Group 1 - The performance of major US stock indices was mixed, with the Dow Jones Industrial Average rising by 0.66% to close at 48,382.39 points, while the S&P 500 increased by 0.19% to 6,858.47 points, and the Nasdaq Composite slightly declined by 0.03% to 23,235.63 points [1] - The Dow and S&P 500 indices experienced weekly declines of 0.67% and 1.03%, respectively, while the Nasdaq saw a larger drop of 1.52% [1] - Major technology stocks generally fell, with the US Tech Giants Index down by 0.6%, as Tesla and Microsoft dropped over 2%, and Amazon and Meta fell by more than 1% [1] Group 2 - Semiconductor stocks showed strong performance, with the Philadelphia Semiconductor Index rising by 4.01%, and Micron Technology's stock soaring over 10% to reach a historical high [1] - ASML's stock increased by over 8%, while Intel and TSMC rose by more than 6% and 5%, respectively [1] - The Nasdaq Golden Dragon China Index rose by 4.38%, indicating renewed interest in Chinese assets [1] Group 3 - Baidu Group stood out among popular Chinese stocks, with a rise of over 15%, while other strong performers included Pony.ai and Youdao, both up over 10% [2] - The potential for value re-evaluation of Chinese assets is significant, with expectations for the Chinese stock market to trend upward steadily by 2025 due to economic transformation and industrial upgrades [2] - Precious metals futures saw slight increases, with COMEX gold futures up by 0.02% to $4,341.90 per ounce, although they experienced a weekly decline of 4.63% [2] Group 4 - The market outlook for gold assets is optimistic due to factors such as a weak dollar, interest rate cuts, and a crisis of confidence in the dollar [3] - Central bank purchases of gold, investment demand for gold ETFs, and increasing global geopolitical risks are expected to provide strong support for gold and certain physical assets [3]

Core Viewpoint - The EU's enforcement of the Digital Services Act has escalated tensions between the US and EU, with the US imposing travel restrictions on European officials in response to a significant fine levied against Musk's platform X [1][3][5]. Group 1: Regulatory Context - The EU's Digital Services Act, enacted in 2022, mandates large internet platforms to prevent the spread of illegal content and hate speech, impacting major US tech companies like Apple, Google, and X [3][5]. - The first fine under this act was imposed on X, amounting to €120 million, which has drawn strong discontent from the US [3][5]. Group 2: Political Implications - The US sanctions against European officials are seen as a challenge to the EU's digital governance authority, indicating a shift from policy disagreements to a more profound political conflict [3][6]. - The ongoing digital regulatory dispute is expected to evolve into a direct conflict over rule-making authority and governance boundaries by 2026 [3][10]. Group 3: Internal Pressures - Both the US and EU face internal pressures to adopt more aggressive stances in their digital regulatory approaches, with US lawmakers advocating for harsher measures against EU officials [6][7]. - The EU is experiencing internal divisions regarding its response to US sanctions, with some leaders calling for a stronger stance against US tech companies [8][9]. Group 4: Broader Implications - The digital governance conflict reflects deeper ideological divides between the US and EU, with the US viewing the Digital Services Act as a tool for censorship, while the EU sees it as essential for curbing hate speech [10][11]. - The situation is indicative of a broader cultural and political clash between the Trump administration and Europe, suggesting that the transatlantic relationship has fundamentally changed [11].

Core Viewpoint - The EU's enforcement of the Digital Services Act has escalated tensions between the US and Europe, with the US imposing travel restrictions on EU officials in response to a significant fine levied against Musk's platform X [1][3][5]. Group 1: Regulatory Context - The EU's Digital Services Act, passed in 2022, mandates large internet platforms to prevent the spread of illegal content and hate speech, impacting major US tech companies like Apple, Google, and X [3][5]. - The first fine under this act was imposed on X, amounting to €120 million (approximately $130 million), which has drawn strong discontent from the US [3][5]. Group 2: Political Implications - The US sanctions against EU officials are seen as a challenge to the EU's digital governance authority, indicating a shift from mere policy disagreements to a deeper political conflict [3][6]. - The US government has previously threatened retaliation against the EU's digital regulations, using them as leverage in trade negotiations [6][7]. Group 3: Internal Pressures - Both the US and EU face internal pressures to adopt more aggressive stances in their digital regulatory disputes, with US lawmakers advocating for harsher measures against EU officials [7][10]. - The EU Commission's cautious response to US sanctions has sparked debate within Europe, with some leaders calling for a stronger stance against US actions [10][12]. Group 4: Future Outlook - The ongoing digital dispute reflects fundamental differences in governance philosophies between the US and EU, with potential for further escalation as both sides prepare for future regulatory actions [15][16]. - The EU's ability to assert its digital sovereignty and respond effectively to US pressures will be critical in shaping the future of transatlantic relations [16].

↑点击上面图片 加雪球核心交流群 ↑ 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 年初的第三仓位中海油港股，也是今年第三大盈利来源，现在看对它的考虑和操作基本准确，目前其仓位已经降到了第五位。我相信，在这轮康波 萧条期中往后它会有再次表现的机会，而在2026年，很可能会给我回补加仓的机会，仓位会回到前三中，这是一个我在往后三五年继续看好的标 的，它的经营壁垒、现金流和分红等都不错，还有一定成长性，分红比例目前我认为是合理的，没有太大向上调的空间，这是它的商业模式特点决 定的。中海油也属于康波萧条期通胀性资产。 来源：雪球 匆匆忙忙、跌宕起伏的2025年过去了，又将迎来新的一年。在过去的一年，账户获得了51%的收益，和很多人比，今年应该算是一个比较中庸的收 益，当然也是个人的选择，这种选择就是仓位配置有重点、但也要考虑均衡和分散，进攻和防御并重，布局近远期相结合，只富一次和活得久最重 要。全年A股基本占总资产的55%~60%，港股基本占总资产的45%~40%，B股很少一点，只有百分之零点几，因港股有色下半年逐渐清仓、年底涨 幅强劲的有色都在A股，年底A股和港股持仓市值比 ...