2025年12月31日，记者从省商务厅获悉，为加快推动四川平台经济（以电商为重点）产业链建圈强链， 《关于支持平台经济（以电商为重点）产业链高质量发展的若干政策》已于近日出台。未来3年，四川 将连续每年投入2亿元推进平台经济产业链补链、强链、延链，其中面向企业最高奖励500万元，面向个 人最高奖励50万元。 省商务厅相关负责人介绍，政策中的支持对象按照"就高不就低"原则，政策有效期为2026—2028 年。"该政策是框架性政策文件，每年将按照四川省平台经济产业链发展的实际情况出台年度申报指 南，细化明确本政策中具体的指标要求，指导好市场主体和优秀人才开展申报工作，确保政策红利快速 见效。" （文章来源：四川日报） 针对企业，政策明确对上年度通过互联网实现零售规模超过5000万元或批发规模超过10亿元，且增速超 出同期全省社会消费品零售总额增速、批发业销售额增速2个百分点以上的电商销售类企业，单个企业 激励最高不超过500万元；对上年度营业收入超过1亿元且增速超过同期全省服务业增加值增速3个百分 点以上的电商服务类企业，单个企业激励最高不超过500万元；对运用数字化手段提升烟火小店等发展 成效显著的生活服务类电 ...

智通财经记者 | 杨舒鸿吉 智通财经编辑 | 庄键 2026年的第一个工作日，上海将召开全市优化营商环境大会，发布《上海市加快打造国际一流营商环境 行动方案（2026年）》，这将是本市优化营商环境的第九版行动指南。 2025年，上海推出优化营商环境8.0行动方案，共提出58条任务举措。截至去年底，58项任务举措全部 完成。 根据世界银行截至去年12月底公布的调查数据，上海在22项营商环境评测点中保持全球最优。上海营商 环境持续改善，不但反映在上述调查中，同样体现在企业经营者们的实际体感上。 智通财经通过回顾2025年落地的八项关键举措，试图解码上海营商环境提升久久为功的密码。 "免申即享"服务企业超611万次 对于奔曜科技而言，2025年是发展迅猛的一年。这家国家高新技术企业专注于机器人、自动化和人工智 能技术研究与应用，已推动产品与解决方案进入全球市场。 奔曜科技首席产品官阎文舟告诉智通财经，企业研发需要长期的研发投入，上海"免申即享"政策通过大 数据匹配企业资质，企业全程无需主动申请、无需填写申请表、提交大量申请材料，就能快速享受 到"小升规"（小微工业企业发展为规模工业企业）带来的政策红利。 "无感化" ...

转自：成都日报锦观 除此之外，政策明确支持对象按照"就高不就低"原则，同期不重复享受支持，有效期为2026—2028年。 聚焦企业，《若干政策》中在"加大电商批发零售类企业培育力度"方面明确，对上年度通过互联网实现 零售规模超过5000万元或批发规模超过10亿元，且增速超出同期全省社会消费品零售总额增速、批发业 销售额增速2个百分点以上的电商销售企业，单个企业激励最高不超过500万元。 "支持电商服务类企业快速成长"，政策明确，对上年度营业收入超过1亿元且增速超过同期全省服务业 增加值增速3个百分点以上的电商服务类企业，单个企业激励最高不超过500万元；对运用数字化手段提 升烟火小店等发展成效显著的生活服务类电商平台企业，单个企业另行激励最高不超过200万元。同 时，政策中还明确支持平台经济产业链企业开展线上线下融合的商业模式、科技研发、应用场景、服务 业态等创新项目建设，按项目上年度在川实际投入比例和成效给予激励，单个企业总计最高不超过200 万元，其中属于在国际国内、中西部首发首试的项目，激励金额分别追加20%、10%。 不仅如此，针对个人，政策对新入选平台经济产业链领军人才，且其所在企业经营状况较好的个 ...

消费者维权成功的背后，是不少人面对类似情况时的忍气吞声。这种套路若不及时整治，不仅会让诚信 经营的商家被迫卷入恶性竞争，还会冷却消费者的消费热情。 看似一件小事，实则暴露了部分商家的经营歪念。在日常消费中，"数字-数字"标注本是数量区间的常 规表达，商家刻意曲解为数学运算，本质是利用信息不对称误导消费者，违背了《中华人民共和国消费 者权益保护法》的诚信原则。这种低成本的文字陷阱，在电商平台并不鲜见，从"买一送一"的文字游戏 到"足量标注"的偷梁换柱，消耗的是整个消费市场的信任根基。 近日，河南一名男生网购数量标注为"10—9"枚的卤蛋，然而实际仅收到1枚。该男生就此询问商家客 服，客服解释称"中间是减号"。当事人购买卤蛋花费3.6元，商家最终退还了10倍赔偿金（36元）。 提振消费信心，既要消费者留存证据积极维权，更需要平台和监管部门主动发力。平台应强化宣传内容 审核，监管部门需加大对模糊宣传的查处力度，让套路营销无处遁形。毕竟，消费市场的繁荣，从来不 是靠文字游戏堆砌，而是源于商家的真诚经营与靠谱产品。 客服一句"中间是减号"的回应，让这场消费纠纷 【下载黑猫投诉客户端】满是荒诞感，也戳中了无数 消费者的痛 ...

Core Viewpoint - The article emphasizes the long-term changes in consumer behavior and industry dynamics over the past five years, highlighting how events from 2021 continue to shape the current landscape [4][5]. Group 1: Industry Changes - In 2021, several industries were just beginning to emerge, such as AI and new energy vehicles, with companies like Li Auto and NIO selling cars priced at 300,000 to 500,000 yuan, while BYD set mainstream models above 200,000 yuan [5]. - The penetration of internet platforms into daily life was less pronounced five years ago, with platforms like Pinduoduo just starting to become profitable and not yet dominating the market [5]. - By 2025, ByteDance has become a significant player in various sectors, including e-commerce, with its GMV ranking third in the industry, while maintaining high growth rates [12]. Group 2: Company Performance - Alibaba's CFO stated that maintaining profits would be foolish given the competitive landscape, indicating a shift towards aggressive investment strategies among major players [9]. - Pinduoduo has significantly closed the gap with Taobao in terms of user base and shopping habits, focusing solely on retail without diversifying into AI or food delivery [11]. - ByteDance's revenue and profit levels are projected to reach those of Meta by 2025, with a strong focus on AI driving its growth [14]. Group 3: AI Development - The AI sector in China saw significant investment, with ByteDance spending 150 billion yuan in one year, while Alibaba announced a three-year investment plan of 380 billion yuan [33]. - Chinese AI companies are facing different challenges compared to their Silicon Valley counterparts, particularly in user monetization and computational resources [33]. - The user base for AI applications in China is limited, with only about 100 million daily active users across various platforms, indicating a need for more engaging and entertaining products to attract users [43]. Group 4: Consumer Behavior and Market Trends - Over the past five years, consumer spending has increased, but inflation has stagnated, leading to a trend of low-margin sales across industries [50]. - The average price of new energy vehicles in China has dropped to 169,000 yuan, reflecting intense competition and a return to traditional automotive industry dynamics [64]. - The automotive market is characterized by a price war, with companies like Geely and BYD adjusting their strategies to maintain competitiveness [75].

Core Insights - Vipshop's New Year Shopping Festival will officially open on January 3 at 8 PM, focusing on categories such as spring clothing, warm apparel, sports outfits, and gift boxes for the New Year [1] - The festival will offer discounts comparable to those during major sales events like Double 11 and 618, with additional price cuts on popular items during the first 38 hours [1] - The event will run until February 12, featuring limited-time promotions on January 25 and February 4, aimed at meeting consumer demand for New Year goods [1] Summary by Categories Event Details - The New Year Shopping Festival will start on January 3 at 8 PM and will last until February 12 [1] - Special promotions will include a "super discount" on popular items during the first 38 hours of the event [1] Product Focus - The festival will emphasize categories such as spring clothing, warm apparel, sports outfits, and New Year gift boxes [1] - Discounts will match those seen during major sales events, ensuring competitive pricing for consumers [1] Consumer Context - The timing of the festival coincides with a nationwide cold wave, providing consumers with more options and discounts on warm clothing [1] - The festival will include limited-time offers on January 25 and February 4, featuring high-quality and cost-effective products [1]

Group 1: Share Buybacks - Luxshare Precision plans to repurchase shares worth between 1 billion to 2 billion yuan, while Jiaze New Energy intends to buy back shares worth 22 million to 44 million yuan, and Dagang Holdings aims for a buyback of 2 million to 4 million yuan. These buyback plans are seen as a recognition of the companies' value and confidence in future development, potentially stabilizing stock prices and enhancing market confidence [2][7]. Group 2: Stock Market Performance - On the first trading day of 2026, the Hong Kong stock market surged, with the Hang Seng Index rising by 2.76% and the Hang Seng Tech Index increasing by 4%. The overall Asian stock market rose by 1.1%, with the Korean Composite Stock Price Index surpassing 4300 points for the first time and the UK FTSE 100 Index breaking the 10,000 points mark. This upward trend is driven by optimistic expectations for corporate earnings [2][7]. - In the US stock market, the Dow Jones Industrial Average increased by 0.66% and the S&P 500 by 0.19%, while the Nasdaq Composite fell by 0.03%. Notably, semiconductor stocks performed well, with Micron Technology rising over 10% to reach a new high, and Baidu's stock increasing by over 15% [2][7]. Group 3: E-commerce and Sales - The "iMoutai" e-commerce platform launched on January 1, selling the 53-degree 500ml Flying Moutai at an official price of 1499 yuan per bottle, with sales quickly exhausting the daily quota within half an hour. The platform saw over 240,000 downloads on its launch day, driven by price differences with offline sales, strong brand appeal, and consumer curiosity [3][8]. Group 4: Gold Market Outlook - Following a nearly 65% increase in 2025, gold is expected to continue its upward trend in 2026, with many retail investors anticipating prices to reach historical highs above $5000. Major investment banks like Goldman Sachs and Morgan Stanley maintain bullish forecasts for gold prices, citing factors such as central bank purchases and geopolitical uncertainties [3][8]. Group 5: Semiconductor Industry Developments - The National Integrated Circuit Fund increased its stake in SMIC from 4.79% to 9.25% as of December 29, 2025. SMIC plans to issue shares to the fund to acquire 49% of SMIC North, which will become a wholly-owned subsidiary. This news led to a surge in Hong Kong semiconductor stocks, with Hua Hong Semiconductor rising by 9.4% and SMIC increasing by over 5% [3][9]. Group 6: Investment Themes and Recommendations - Goldman Sachs released its 2026 investment themes, focusing on AI infrastructure, pharmaceutical research, and the Chinese economy, predicting growth that exceeds market expectations. The report highlights the shift in the pharmaceutical sector's focus from weight-loss drugs to cardiovascular treatments [4][9]. - In January, 11 brokerage firms recommended over 100 stocks across 25 industries, with a strong emphasis on technology and cyclical sectors. The electronic industry received the most recommendations, indicating a positive outlook for the 2026 market [4][9]. Group 7: Credit Policy Changes - The People's Bank of China introduced a one-time credit repair policy, allowing individuals to clear overdue information for amounts not exceeding 10,000 yuan if paid by March 31, 2026. This policy aims to encourage debt repayment and improve asset quality for financial institutions [5][10]. - Over 43 billion yuan of public fund inflows are expected to support a slow bull market in stocks, with significant contributions from newly established equity funds and ETFs [5][10].

Group 1: AI Infrastructure and Investment Trends - AI infrastructure investment is entering a new phase, with traditional leaders like Nvidia, Microsoft, and Amazon seeing stagnant stock prices since last summer, while new entrants like Broadcom are emerging [1][4] - Investors are shifting focus to companies that can support global computing power regardless of chip usage, indicating a significant transformation in AI investment themes [4] - Memory producers like Micron Technology and connector companies such as Amphenol and TE Connectivity are experiencing stock price surges, while utility stocks are stagnating [5] Group 2: Pharmaceutical Sector Developments - The GLP-1 weight loss drug market is undergoing a notable transformation, with Eli Lilly outperforming the market while Novo Nordisk's stock has halved, leading to a 33% downward revision in earnings expectations for 2026 [7][8] - Investment focus is shifting towards new weight loss products awaiting approval, and there is a transition in biopharmaceuticals from obesity drugs to a "Cardiology Renaissance," indicating a potential large product cycle [8] Group 3: Economic Outlook and Global Trade - Goldman Sachs economists predict that China's economic growth will exceed market consensus, driven by technological advancements and a leading export position, even amidst tariff challenges [11] - The recovery of the Chinese economy is expected to significantly impact global trade and technology dynamics in the coming year [11] Group 4: Productivity and Labor Market Dynamics - The potential for a "jobless expansion" is highlighted, as technology-driven productivity gains may support economic growth while facing labor shortages due to immigration restrictions [13] - Long-term productivity improvements are deemed essential to offset the effects of an aging workforce and declining birth rates [13] Group 5: Alternative Investments and Market Trends - The private credit market is expected to outperform private equity in 2025, attracting retail investor interest [15] - The cryptocurrency market is expanding, with companies like Coinbase and Robinhood positioned favorably in the growing sectors of cryptocurrencies and stablecoins [16] Group 6: Defense and Military Investment - The defense sector is experiencing evolving militarization, with the U.S. Space Force favoring innovators in drone and satellite technology [18] - Europe may require up to $160 billion in investments over the next five years to enhance military capabilities in response to Russian threats [19] Group 7: Robotics and Autonomous Vehicles - Advancements in technology are enhancing the capabilities of humanoid robots and autonomous vehicles, which are expected to drive profit growth for industrial tech companies like Tesla [21] - China is actively building capacity in the humanoid robot supply chain and is leading in the autonomous vehicle sector, with projections indicating a $47 billion market for Robotaxi by 2035 [22][23] Group 8: Nuclear Energy and Rare Earth Elements - Nuclear energy is experiencing a revival due to increasing demand for clean power to support the AI revolution, despite past accidents that stalled its development [25] - Rare earth metals are becoming critical components in technology, with China currently dominating this supply chain [25] Group 9: Policy and Market Sentiment - Policy uncertainties, including the Federal Reserve's actions and the Supreme Court's decisions on tariffs, are expected to dominate market sentiment in the first half of 2026 [26] - Current U.S. stock valuations are at their highest levels since the late 1990s, prompting a cautious approach from investors [2][27]

Core Insights - The Beijing Municipal Bureau of Commerce reported that from January 1 to 3, 2025, key monitored retail sectors achieved a total sales revenue of 4.04 billion yuan, with an average daily year-on-year growth of 16.3% compared to the same period in 2025 [1] Retail Sector Performance - Specialty stores experienced a significant average daily year-on-year growth of 85% [1] - Department stores reported an average daily year-on-year growth of 41.3% [1] - Supermarkets saw an average daily year-on-year growth of 4.8% [1] - The restaurant sector had an average daily year-on-year growth of 4.6% [1] - E-commerce recorded a modest average daily year-on-year growth of 1.1% [1]

Group 1 - The Shanghai Market Supervision Administration reported a total of 10,511 consumer complaints during the 2026 New Year holiday, reflecting a year-on-year increase of 4.3% [2] - Online consumption complaints accounted for a significant 87.5% of total complaints, with issues primarily related to quality defects, discrepancies with advertising, order cancellations, unfulfilled promotional commitments, delayed deliveries, and inadequate after-sales service [2] - Complaints regarding household appliances increased due to low temperatures, with 822 complaints related to issues such as poor heating performance and delayed deliveries [2] Group 2 - Specific consumer complaints included issues with purchased products, such as a consumer reporting defects in hiking shoes and another regarding a delay in the delivery of an air conditioner [3] - Complaints have been forwarded to district market supervision departments for investigation and resolution [3]