点击输入图片描述（最多30字） 点击输入图片描述（最多30字） 【鸣鸣很忙上市大涨88%】中国最大的休闲食品饮料连锁零售商——湖南鸣鸣很忙商业连锁股份有限公司在港交所主板挂 牌上市，开盘大涨88.08%，截至收盘，涨幅回落至69.06%，报400港元/股，总市值达862.04亿港元。鸣鸣很忙此次全球发 售1410.1万股H股，公开发售阶段认购倍数超过1500倍，8家基石投资者合计认购15亿港元，包括腾讯、淡马锡与贝莱德 等。公司预计净筹资30亿港元以上，发行市值约500亿港元。鸣鸣很忙旗下拥有零食很忙、赵一鸣零食两大品牌，最新数据 显示，截至2025年11月30日，鸣鸣很忙门店数达21041家。（更多内容，点击查看《两位85后卖零食，开店两万家，身价均 超200亿港元，鸣鸣很忙刚刚IPO》）（中国基金报） 点击输入图片描述（最多30字） 【英伟达员工晒年会最牛年终奖：黄仁勋亲笔签名皮衣】近日，英伟达CEO黄仁勋陆续到访上海、北京、深圳，分别参加 了三地分公司举办的新年活动。1月27日，有网友在社交媒体晒出一件黄仁勋亲笔签名的皮衣。该网友表示，自己本来想签 在胸前，结果黄仁勋直接把他翻个身按住并称"Don't ...

大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 昨夜今晨 【美联储宣布维持基准利率不变】 当地时间1月28日，美联储最新的联邦公开市场委员会（FOMC）货币政策会议纪要显示，美联储决定将联邦 基金利率目标区间继续维持在3.5%至3.75%之间。 会议纪要显示，现有指标表明，就业增长仍处于低位，失业率已显现出趋于稳定的迹象。通胀水平仍处于较高 水平。委员会致力于实现最大就业和长期通胀率达到2%的目标。经济前景的不确定性仍然很高。委员会密切 关注其双重使命面临的风险。为支持其目标，美联储决定将联邦基金利率目标区间继续维持在3.5%至3.75%之 间。 具体表决细节显示，美联储以10票赞成、2票反对的结果，决定将基准利率维持在3.5%至3.75%区间。美联储 理事沃勒以及米兰投下反对票，主张降息25个基点。 在此次利率政策出台前，市场普遍预期美联储将在本周政策会议上维持利率不变，此前该机构已在2025下半年 连续三次降息。 【微软、特斯拉、META公布最新"成绩单"】 微软公司第二财季营收812.7亿美元，预估803.1亿美元；第二季度智能云业务营收329.1亿美元，预估32 ...

Core Insights - The issuance of the "Caiyun Series Consumption Coupons" in 2025 is expected to exceed 11 million, with a fiscal fund redemption of approximately 700 million yuan, directly stimulating consumption by over 14.5 billion yuan, achieving a comprehensive leverage ratio of 1:21, indicating a significant "multiplier effect" of policy funds [1] Group 1: Consumption Coupon Impact - The consumption coupons are designed to target core consumption scenarios, with specific allocations including over 100,000 automobile consumption coupons leading to 12 billion yuan in automotive consumption [1] - Food, accommodation, and goods coupons are projected to redeem over 7 million, driving consumption by more than 1.7 billion yuan [1] - E-commerce coupons are expected to redeem over 3.8 million, resulting in online consumption of 560 million yuan, with over 90% of orders coming from outside the province [1] - Fuel coupons are anticipated to redeem nearly 700,000, contributing to nearly 190 million yuan in refined oil consumption [1] Group 2: Innovative Issuance Model - The consumption coupon issuance employs an innovative model of "government subsidies + bank support + platform empowerment + enterprise discounts," with provincial fiscal funds playing a guiding role [2] - Financial institutions are expected to contribute nearly 4 million yuan, while platform enterprises will provide over 35 million yuan, creating a "double discount" multiplier effect [2] - The coupons are strategically aligned with major events, festivals, and peak tourism seasons, enhancing their effectiveness as a connector across various sectors such as sports, culture, and health [2] Group 3: Industry Growth and Market Activation - The food consumption coupons are aimed at cultivating the Yunnan cuisine brand, helping companies like Yunhaiyao enter the national top 100 [2] - The goods consumption coupons are intended to promote the "Yunnan Gifts" brand, while e-commerce coupons are driving mainstream platforms to establish dedicated sections for Yunnan products, achieving over 5 billion exposures for items like Yunnan coffee, flowers, tea, and mushrooms [2] - Over 20,000 market entities are participating in the consumption coupon issuance, with notable sales growth in key retail, accommodation, and dining enterprises, some achieving double-digit or higher sales increases [2]

盒马误将水仙球当百合配送致用户中毒，已向用户道歉并协商赔偿，但赔偿方案仍有分歧。 整理 ｜徐子欣 点击上方【36氪随声听】，一键收听大公司热门新闻。听完音频记得添加进入 【我的小程序】 中哟！ 盒马回应将鲜百合误送成水仙球致用户中毒 近日，有消费者反映在盒马平台订购鲜百合，收货后却发现为水仙球，食用后出现呕吐、腹痛等中毒症状。据消费者周女士讲 述，1月2日，她为了给感冒的孩子煮汤，在北京一家盒马mini门店下单购买了鲜百合，货品由家中老人代收。但盒马送来的并 非鲜百合，而是外形与其相似的水仙球，且相关标识印于包装盒侧面位置。老人在不知情的情况下用水仙球煮汤并和孩子饮用 后，相继出现头疼、肚疼、头晕和剧烈呕吐等症状。 31个省份公布2025年经济增速 深铁再出借20余亿元供万科支付展期首付 恒生银行正式从港交所退市 字节禁止员工利用公司资源做号谋利 今年春运多趟火车再现1元低价票 1月28日，盒马方面回复记者称，"我们第一时间联系顾客，了解到顾客于2日晚送医、3日已出院，随即成立专项小组全程跟进 并制定补偿方案。目前，因双方对赔偿方案仍有较大分歧，相关事宜仍在协商中。我们再次向受影响的顾客表示最诚挚的歉 意。" ...

Group 1 - Jack Ma emphasizes the importance of teaching children how to effectively use AI rather than debating its necessity, highlighting curiosity, imagination, and creativity as key skills for the AI era [2] - The Ma Yun Rural Teacher Program, initiated by the Jack Ma Foundation in 2015, aims to enhance rural education quality through funding and professional training, selecting 100 teachers annually for support [2] Group 2 - Hunan Mingming Henbang, China's largest snack and beverage retail chain, saw its stock surge by 88.08% upon listing on the Hong Kong Stock Exchange, closing with a market cap of HKD 86.204 billion [4] - The company issued 14.101 million H shares, with a subscription rate exceeding 1500 times, and anticipates net proceeds of over HKD 3 billion from the offering [4] Group 3 - Tesla plans to cease production of Model S and Model X vehicles to transition towards a fully autonomous future, utilizing the "Optimus" robot factory for production [8] - Elon Musk stated that this change is part of Tesla's overall shift towards automation, although support for existing Model S and Model X vehicles will continue [8] Group 4 - SoftBank is reportedly negotiating to invest up to $30 billion in OpenAI, which is seeking to raise up to $100 billion in new funding, potentially valuing the company at $830 billion [10] - OpenAI's largest shareholder, SoftBank, previously invested $22.5 billion in December, increasing its stake to approximately 11% [10] Group 5 - Meta reported Q4 revenue of $59.89 billion, a 24% year-over-year increase, with advertising revenue also rising by 24% to $58.14 billion [11] - The company expects Q1 sales to range between $53.5 billion and $56.5 billion, with a post-earnings stock increase of over 4% [11] Group 6 - Ideal Auto is restructuring its R&D framework, splitting the autonomous driving team into three main groups, with a focus on software and hardware integration [10] - The restructuring aims to enhance the efficiency of the development process and align with the company's strategic goals [10] Group 7 - Amazon announced a reduction of nearly 16,000 jobs as part of an organizational restructuring while continuing to invest in strategic areas [17] - The company aims to balance workforce adjustments with ongoing recruitment in critical functions [17] Group 8 - Longting Technology completed a new round of financing totaling 500 million yuan, with investors including national and local AI industry funds [18] - The funds will be used to accelerate product development and enhance the company's market position [18]

当地时间1月28日，据媒体援引知情人士称，马斯克正计划将SpaceX的IPO时间安排在6月中旬——正值 罕见的行星连珠现象与他的生日期间。SpaceX计划融资规模高达500亿美元，估值约1.5万亿美元，将打 破沙特阿美2019年创下的290亿美元IPO纪录。有分析称，SpaceX公司将IPO日期放在6月份的原因之 一，或许就是马斯克的生日在6月28日，这在一定程度上凸显了马斯克对SpaceX公司的个人影响。另据 知情人士透露，该公司瞄准6月中旬上市，届时木星和金星将出现三年多来首次近距离相合。 点评：SpaceX拟于六月启动巨额IPO，潜在估值创历史新高，将引发全球资本市场高度关注。 NO.3Meta第四季度营收同比增24%，盘后一度涨超11% Meta周三盘后公布财报显示，公司第四季度营收598.9亿美元，同比增长24%，预估584.2亿美元；第四 季度广告收入581.4亿美元，同比增长24%，预估567.9亿美元；第四季度每股收益8.88美元，上年同期 8.02美元；第四季度经营利润247.5亿美元，同比增长5.9%。Meta称全年资本支出将达1150亿美元至 1350亿美元，超过分析师平均预期的1106 ...

Core Insights - The digital financial service M-Pesa is transforming lives in rural Kenya, providing access to banking services through mobile technology, with over 51 million users across Africa, highlighting the importance of digital financial inclusion in the continent's economic growth [2] - The IMF projects that Africa's economy will show resilience and steady growth, with a forecasted growth rate of over 4% in 2026, surpassing the global average [2][3] - The African Development Bank reports that Africa will remain a hub for high-growth economies, with some countries expected to achieve double-digit growth by 2026 [3][4] Economic Growth Projections - Africa's economic growth is projected at approximately 4.2% in 2025 and 4.3% in 2026, with 13 countries expected to exceed 6% growth [3][4] - Public debt as a percentage of GDP is expected to decrease from 66.3% in 2023 to 65.5% in 2024, maintaining below 65% through 2026, indicating a more stable macroeconomic environment [3] Regional Performance - East Africa is projected to maintain a growth rate of about 6.2% in 2026, driven by investments in agriculture and energy infrastructure [4] - West Africa is undergoing significant economic transformation, with countries like Senegal, Guinea, Côte d'Ivoire, and Ghana expected to see growth rates surpassing 6% [4] - Southern Africa faces slower growth due to challenges such as power shortages and high-interest rates, but a moderate recovery is anticipated in the latter half of 2026 [4] Digital and Green Energy Initiatives - The rapid adoption of digital technology and green energy projects is seen as a key driver of economic growth in Africa, with over 800 million active mobile payment accounts in sub-Saharan Africa [5][6] - The African e-commerce market is growing rapidly, with user numbers expected to reach approximately 518 million by 2025 and a market size of around $84 billion by 2030 [5] Infrastructure and Trade Developments - Significant progress is being made in infrastructure projects, such as the completion of the Guinea Bissau bridge and the activation of the Tanzania-Zambia railway project, enhancing regional connectivity [8] - China remains Africa's largest trading partner, with trade exceeding $300 billion for the first time, reflecting a diverse and dynamic trade relationship [7][8]

Core Viewpoint - Liu Qiangdong is returning to his hometown to distribute red envelopes while announcing the upcoming IPO of his seventh company, JD Intelligent Infrastructure Co., Ltd. [1] Group 1: Company Overview - JD Intelligent Infrastructure Co., Ltd., referred to as "JD Infrastructure," submitted its prospectus to the Hong Kong Stock Exchange on January 26, with major underwriters including Bank of America and Goldman Sachs [3] - This is not the first attempt at an IPO; the company previously submitted a prospectus in March 2023 but had to terminate it for unspecified reasons [3] - JD Infrastructure serves as JD's "facility manager," focusing on the development and operation of modern infrastructure, including logistics parks, industrial parks, and data centers [3] Group 2: Business Operations - As of September 2025, JD Infrastructure plans to have 285 infrastructure projects globally, comprising 259 logistics parks, 20 industrial parks, and 6 data centers, with a total construction area of 27.1 million square meters, equivalent to approximately 3,800 football fields [3] - The asset management scale of the company has surpassed 120 billion yuan [3] - In terms of industry ranking, JD Infrastructure is among the top three modern infrastructure providers in the Asia-Pacific region and ranks second in China [3] Group 3: Financial Performance - The company reported revenues of 2.868 billion yuan in 2023, projected to increase to 3.417 billion yuan in 2024, with 3.002 billion yuan already achieved in the first nine months of 2025, indicating solid profitability [3] Group 4: JD's Business Ecosystem - JD has successfully listed six companies prior to JD Infrastructure, including JD Group, JD Health, JD Logistics, Debon Holdings, Dada Group, and JD Industrial, establishing a diversified business empire [5] - The various sectors covered by JD, including retail, logistics, health, industrial, and infrastructure, allow for independent financing and synergistic effects among the companies [5] - JD Infrastructure's potential IPO could provide additional capital for overseas expansion, enhancing JD's influence in the capital markets [5][7]

【环球网科技报道 记者 李文瑶】2025年，天猫国际迎来了2415个海外新品牌开出首店，首店数量实现双位数增长。这意味着，平均每天有超过6家海外新品 牌在天猫国际正式"开门营业"。第四季度入驻势头最猛，691家新品牌入驻，创下全年峰值。 在全球经济波动、贸易环境日趋复杂的背景下，这一数据呈现了海外品牌对中国消费市场的持续关注。与以往不同的是，品牌入驻呈现出明显的结构性变 化，反映出中国进口消费市场演进的具体路径。 首店形态迁移：从线下商圈到线上平台 传统意义上的"首店经济"多指品牌在重点城市核心商圈的首家线下门店，往往被视为城市商业活力的标志。如今，这一概念正延伸至线上——电商平台成为 众多海外品牌，尤其是中小型品牌进入中国的首个落脚点。 通过平台开设"线上首店"，品牌可以较低成本完成初步的市场测试与渠道建设。天猫国际等平台提供的跨境物流、支付、数字营销等基础设施，降低了入华 门槛。2025年，来自全球52个国家和地区的品牌以此方式进入中国，其中美国（555家）、韩国入驻数量居前，法国、新西兰、澳大利亚增速显著。古巴、 智利、立陶宛等国的品牌首次出现，反映了平台覆盖范围的扩大。 这种迁移不仅是渠道的调整，也对 ...

Core Insights - The Supreme People's Court of China has reported on the operation of the national-level intellectual property (IP) appellate trial mechanism after seven years, highlighting its achievements and contributions to the judicial protection of intellectual property rights [1][2]. Group 1: Case Statistics and Achievements - The Intellectual Property Court has accepted a total of 24,602 cases and concluded 23,069 cases since its establishment in January 2019 [1]. - Among these cases, 58 involved punitive damages, totaling 2.05 billion yuan, with an average compensation exceeding 35 million yuan per case [2]. - The court has effectively served the development of new strategic emerging industries, with 6,745 cases related to these industries, increasing from 17.6% in 2019 to 32.4% in 2025 [2]. Group 2: Judicial Effectiveness and Mediation - The court has adjudicated 203 antitrust cases, with 66 cases recognized as monopolistic, impacting various sectors including pharmaceuticals, telecommunications, e-commerce, education, construction, and funeral services [2]. - The mediation efforts of the Intellectual Property Court have shown significant results, with 4,997 cases resolved through mediation, achieving a settlement rate of 37.7%, which is notably higher than the national average for civil second-instance cases [2]. Group 3: Future Directions - The court aims to enhance its role in resolving disputes in the intellectual property sector, focusing on substantive resolution while balancing case adjudication and market governance, to further support the rapid development of new productive forces [3].