编辑 ｜ 钉钉 2月2日，港股低开低走，恒生科技指数午后跌幅扩大至4%；恒指现跌近3%。 | 阿里巴巴-W | 162.100 | -7.100 | -4.20% | | --- | --- | --- | --- | | 百度集团-SW | 146.650 | -6.150 | -4.02% | | 地平线机器人-W | 7.930 | -0.300 | -3.65% | | 商汤-W | 2.380 | -0.090 | -3.64% | | 京东健康 | 60.950 | -2.300 | -3.64% | | 理想汽车-W | 63.600 | -2.350 | -3.56% | | 网易-S | 198.200 | -6.800 | -3.32% | | 金蝶国际 | 12.540 | -0.410 | -3.17% | | 小米集团-W | 34.520 | -0.980 | -2.76% | | 美团-W | 94.650 | -2.550 | -2.62% | 科网股集体下跌，华虹半导体跌超12%，比亚迪股份跌超8%，哔哩哔哩跌超5%，快手、阿里巴巴、 百度集团跌逾4%，网易、小米集团、美团均 ...

Core Viewpoint - The article discusses the competitive landscape of major internet companies in China as they launch significant AI-driven promotional campaigns for the Spring Festival, highlighting Alibaba's substantial investment in its "Spring Festival Treat Plan" [3][4]. Group 1: Alibaba's Initiative - Alibaba's Qianwen APP has announced a massive investment of 30 billion yuan for its "Spring Festival Treat Plan," set to launch on February 6, aiming to engage users through various services within the Alibaba ecosystem [3]. - This investment marks the largest commitment by Alibaba for a Spring Festival event in its history, surpassing other internet companies' initiatives [4]. Group 2: Tencent's Response - Tencent has initiated a cash giveaway of 1 billion yuan through its Yuanbao APP, with the campaign starting on February 1, allowing users to share and participate in cash red envelopes, with individual amounts reaching up to 10,000 yuan [4][5]. - The CEO of Tencent, Ma Huateng, expressed hopes to replicate the success of the 2015 WeChat red envelope campaign, which significantly boosted WeChat's position in mobile payments [5]. - The Yuanbao APP quickly rose to the top of the Apple Store's free app rankings, indicating strong user engagement [5]. Group 3: Other Competitors - Baidu has also launched a Spring Festival red envelope campaign with a total of 500 million yuan, featuring individual red envelopes up to 10,000 yuan, and incorporating AI interactions within its app [6]. - ByteDance is partnering with the CCTV Spring Festival Gala, with its Huoshan Engine serving as the exclusive AI cloud partner, while its intelligent assistant Doubao will offer various interactive features [6].

"一大早，家族群、好友群就被元宝的红包链接刷屏了！"程昕（化名）对《中国经营报》记者说道，她抢到了十几元的红包。 2月1日零点，腾讯旗下AI助手"元宝"正式开启春节分10亿元现金红包活动，微信群里随处可见"元宝出钱、好友拆红包"的链接。 这是腾讯自2015年春晚投入5亿元红包后，罕见地再次拿出10亿元现金回馈用户。11年前微信红包逆袭支付宝的故事，腾讯正试图在AI时代重新演绎。 在主会场，用户每天可获得5次抽奖机会，通过做任务每天还可以额外获得40多次的抽奖机会。最主要的抽奖机会来自分享红包，每天最高可以获得30次抽 奖机会。分享的红包被领取后，用户还能获得额外抽奖次数和现金红包。 和元宝聊聊春节话题 次数 + 1 有事问元宝,快乐过大年 EUI - 100 体验DeepSeek新技能 次数 + 1 做你的高情商AI好友 -1:00 EDD- -25 程听说道："领取的红包数量好像有一定限制，我已经被提示'当日领取数量达到上限'。" 宝派红包 新春领不 姚等到他! 月元小与卡大 STE STE SL 当日领取数量 达到上限 参与活动抽红包 町75 八马市 查看小马卡 起领红包 品记录 > 红包攻势凶猛 程昕一 ...

Group 1 - Qianwen APP announced a 3 billion yuan "Spring Festival Treat Plan" to invite the public to enjoy food and entertainment during the Spring Festival, marking the largest investment in a Spring Festival activity in Alibaba's history [1] - The plan will involve various Alibaba ecosystem businesses, including Taobao Flash Sale, Fliggy, Damai, Hema, Tmall Supermarket, and Alipay, indicating a comprehensive approach to engage users [1] - The official launch of the "Spring Festival Treat Plan" is set for February 6, emphasizing continuous free meals and large cash red envelopes [1] Group 2 - The AI ticket purchasing feature is currently in gray testing and will soon be fully launched, showcasing the integration of AI into practical consumer activities [1] - Observers believe that Qianwen APP aims to cultivate new consumer habits by encouraging users to utilize AI for various activities, from dining to shopping, through substantial financial investment [2] - The upcoming Spring Festival in 2026 is anticipated to be a significant moment for AI competition among major companies, with Alibaba aiming to establish Qianwen as an "AI Life Agent" [2]

此外，春节期间AI相关催化还有：火山引擎正式成为2026年央视春晚独家AI云合作伙伴；DeepSeek即 将发布新模型。 2月2日，阿里旗下AI应用"千问"宣布投入30亿元启动"春节请客计划"，以免单形式请全国人民在春节期 间吃喝玩乐。就在一周前，百度、腾讯先后宣布旗下AI应用"文心助手""元宝"将在春节期间发放5亿 元、10亿元现金红包。2月1日，腾讯"元宝"已率先开启红包活动，凭借社交优势，很快超越字节旗 下"豆包"，成为苹果应用国内免费下载排行榜第一。 互联网巨头开始从大模型和算力上游布局，走向C端用户、流量和商业化争夺，AI应用竞争白热化。参 照历史，春节庆祝与促销活动能有效帮助互联网公司为其消费级应用吸引大量关注，多家机构看好中国 AI应用的国民时刻即将到来。中信证券表示：节假日高频流量叠加运营侧强刺激，将持续验证AI应用 的留存、活跃与商业化潜力，市场关注度有望阶段性提升。 恒生互联网ETF（513330.SH）及其联接C（013172.OF），该产品对百度、阿里、腾讯三家互联网巨头 的合计持仓占比为港股市场最高，约达36%。 投资工具方面，逢低关注相关ETF，间接布局阿里巴巴、腾讯、百度三大AI ...

Group 1 - Alibaba's Qianwen APP has launched a 30 billion yuan "Spring Festival Treat Plan," marking the largest investment in a Spring Festival activity in Alibaba's history, set to officially launch on February 6 [2] - Tencent announced a 10 billion yuan cash giveaway through its Yuanbao APP, with the activity starting on February 1, aiming to recreate the success of the WeChat red envelope feature from 2015 [2][3] - Tencent's Yuanbao APP quickly rose to the top of the free apps chart on the Apple Store, despite experiencing temporary instability due to a surge in traffic [3] Group 2 - Baidu has initiated a 5 billion yuan Spring Festival red envelope activity, incorporating AI interactions and creative gameplay to engage users [3] - ByteDance's Volcano Engine has become the exclusive AI cloud partner for the 2026 Spring Festival Gala, with its intelligent assistant Doubao set to launch various interactive features [3]

环球市场动态 沃 什 被 提 名 新 任 联 储 主 席 股 票 周五A股涨跌不一，板块走势分化； 港股高开低走，大型科技股普遍走 弱；欧洲股市上涨，市场情绪偏向 乐观；美股受特朗普提名沃什担任 美联储主席影响巨震，贵金属价格 暴跌。 $${\mathcal{H}}\;\;{\tilde{\chi}}\sqsubset\;I\;{\frac{\mathrm{{\hat{\mu}}}}{\left|\Phi\right|}}\;\;{\frac{\mathrm{{\hat{\mu}}}}{\left|\Phi\right|}}$$ 特朗普提名被视为立场相对鹰派的 沃什出任下一任美联储主席，上周 五美元大漲，贵金属近期凌厉涨势 逆转，黄金盘中创下 40 年来最大 跌幅，白银录得历史最大跌幅，抛 售潮波及更广泛的金属市场，伦敦 期铜大跌。 固 定 收 益 上周五美国国债收益率曲线趋陡。 特朗普提名沃什担任美联储主席。 亚洲债市相对偏弱，利差走宽 1-3 个基点。本周将有季度再融资公告 和非农数据公布。 产品及投资方案部 注：bp/bps=基点；pt/pts=百分点 中信证券财富管理 (香港) 免责声明请参考封底 2 ...

Market Overview - The current market is in a phase of upward trend with periodic fluctuations, emphasizing a balanced allocation between technology and value sectors, focusing on structural aspects rather than short-term index movements [1] - The market is expected to stabilize and rise before the Spring Festival, driven by fundamental and liquidity factors, with significant political and economic catalysts anticipated [1] Investment Strategy - Focus on sectors benefiting from the Spring Festival effect and macroeconomic catalysts in February, particularly in technology and value assets [1][3] - Maintain value assets as a core holding while increasing exposure to cyclical industry leaders showing improved sentiment [3] Sector Highlights - AI applications are gaining traction, with major tech companies competing for market share during the Spring Festival, including initiatives from Tencent, Baidu, and Alibaba [2] - High-performing technology manufacturing sectors include AI hardware, energy storage, and pharmaceuticals [2] - Future industries of interest include defense, domestic computing power, and controlled nuclear fusion [2] Liquidity and Market Data - The dollar index experienced significant fluctuations, impacting market expectations regarding the Federal Reserve's policies [5] - A notable outflow of approximately 370 billion yuan from broad-based ETFs, while sector-specific ETFs saw inflows, particularly in metals and semiconductors [5] - In the Hong Kong market, short-selling activity has returned to historical averages, with net inflows from southbound funds decreasing [6] ETF Holdings Summary - Significant reductions in holdings of major ETFs, with the CSI 300 seeing a decrease of 5,644 million yuan, leaving a remaining share of 42% [7] - Other ETFs also experienced notable reductions, indicating a shift in investment strategies among institutional investors [7]

Group 1 - Baidu has established a new personal super intelligence business group led by Wang Ying, aimed at enhancing AI application capabilities through better integration of talent and technology [2] - iQIYI's CFO Wang Jun has resigned for personal reasons, with senior vice president Zeng Ying appointed as the acting CFO [3] - TCL Technology has appointed Wang Cheng as CEO, while founder Li Dongsheng will remain as chairman [4][6] Group 2 - 360's Vice President of Public Relations Zhang Yongsheng has left the company [7] - Konka's President Cao Shiping has resigned but will continue to serve in another capacity [8] - Tongfang's former President and Chairman Lu Zhicheng has passed away at the age of 78 [9] Group 3 - Disney CEO Bob Iger plans to step down before the end of his contract, with Josh D'Amaro expected to be appointed as the new CEO [12] - Disney has established a new marketing and branding department led by Asad Ayaz [13] Group 4 - TikTok has formed a new U.S. data security company led by Adam Presser as CEO [14] - Apple has expanded hardware chief John Ternus's responsibilities to include design, solidifying his position as a potential successor to CEO Tim Cook [15] - Apple has experienced a wave of departures from its AI team, with at least four researchers leaving for companies like Meta and Google [16] Group 5 - Meta has appointed Dina Powell McCormick as President and Vice Chair, overseeing strategic initiatives [17] - NVIDIA has hired Alison Wagonfeld as its first Chief Marketing Officer [18] - NVIDIA board member Persis Drell has resigned for new career opportunities [20] Group 6 - xAI co-founder Greg Yang has left the company due to health issues but will remain as an informal advisor [21] - OpenAI has implemented a general manager responsibility system for its product lines [22] - Anthropic has appointed Irina Ghose as Managing Director for India [23] Group 7 - Paramount Skydance has appointed Dennis K. Cinelli as CFO [24] - Warner Music Group has named Hannah Karp as Chief Communications Officer [27] - Hark has hired former Apple designer Abidur Chowdhury as its design lead [28] Group 8 - Soitec has appointed Laurent Remont as its new CEO [29] - Black Box has named Sameer Batra as Chief Business Officer for its global systems integration business [30] - Kioxia Holdings has appointed Hiroo Oota as CEO [31] Group 9 - SoftBank has appointed Jun Shimba as Chairman [32] - Merck has appointed Benjamin Hein as CEO of its electronics business [35] - Sharp has announced leadership changes with Grace Dolan set to become the new President [38]

有网友注意到，查询电影票时，已能在千问APP主对话页面购买电影票。记者从千问APP内部人士获悉，AI买电影票功能正在灰测，即将全面上 线。 2月2日，千问APP宣布投入30亿元启动"春节请客计划"，以免单形式请全国人民在春节期间吃喝玩乐，感受AI时代的全新生活方式。淘宝闪购、飞 猪、大麦、盒马、天猫超市、支付宝等阿里生态业务也将加入千问春节攻势。 据悉，此次千问30亿 元" 春节请客计划"，在阿里历史上的春节活动中投入最大，在今年春节大厂AI大战中投入金额也最高。 据千问APP官微，"千问春节请客计划"将于2月6日正式上线，强调"吃喝玩乐 免单不停"，还有大额现金红包，但官方尚未透露具体的活动形式。 1月15日，千问APP宣布已接入淘宝闪购、支付宝、淘宝、飞猪、高德等阿里生态场景，测试AI购物功能。千问APP内部人士透露："半个月前的 发布，其实就是在为春节攻势做准备。市面上大部分AI助手还停留在聊天阶段，而千问希望在今年春节期间，融入到人们真实的生活消费之 中。" 责编：叶舒筠 校对：高源 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体法律责任的权 ...