在私域经营领域，平台的价值不仅在于提供工具，更在于有效支持商家与用户之间的持续互动。一次未 能及时送达的服务提醒，可能影响商家服务的覆盖范围；一条延迟的服务交付更新通知，也可能降低用 户的积极性。深圳小鹅网络技术有限公司(旗下产品"小鹅通")作为品牌与用户之间的关键桥梁，是赋能 私域经营，服务众多商家的基础平台，认识到消息触达的稳定性对用户体验的重要性。为此，小鹅通引 入极光推送(JPush)作为平台的基础能力之一，以提升消息推送的效率和稳定性。 小鹅通与极光的合作，是基于提升平台服务能力的技术整合。通过引入极光推送的稳定、高效触达能 力，小鹅通进一步增强了其对商家的支持，帮助优化用户互动和运营效率。这一合作旨在为私域生态的 稳定和发展提供技术支持。 小鹅通平台为众多商家，构建起 "种草用户 — 激活需求 — 完成转化 — 沉淀关系" 的全链路闭环。对于 这些商家而言，除了基础的内容发布工具，他们还需要能够有效连接用户、促进社群活跃的功能。其 中，服务交付提醒、新产品上线通知、社群互动及优惠活动等信息，是维持用户参与的关键。然而，移 动设备型号多样、系统休眠策略及网络环境不稳定等因素，可能影响消息的及时触达。 ...

Core Viewpoint - The recent dismissal of a core R&D employee at Tongxin Software over a dress code dispute highlights internal tensions and management style within the company, which is a prominent player in the domestic Linux operating system market [1][3]. Company Overview - Tongxin Software, established in 2019, is a well-known domestic Linux operating system vendor, evolving from a team formed in 2004. The company’s products span desktop, server, cloud computing, and smart terminal sectors, collaborating closely with domestic chip manufacturers like Loongson, Feiteng, and Kunpeng [3]. - As of the first half of 2025, Tongxin Software reported revenue of 190 million yuan, remaining stable compared to the previous year, while incurring a loss of 3.44 million yuan, an improvement from a loss of 14 million yuan in the same period last year [3]. Competitive Landscape - In the domestic information technology innovation market, Tongxin Software's main competitor is Kylin Software, which has held the top position in China's Linux market for 14 consecutive years. Kylin Software reported revenue of 590 million yuan and a net profit of 150 million yuan in the first half of 2025 [4]. - The potential market for domestically developed operating systems is optimistic, with estimates suggesting a market size of approximately 10 billion yuan annually for Microsoft in China, indicating significant opportunities for growth in the sector [4]. Management and Strategic Direction - The recent incident involving the dismissal of a key employee reflects the management style of Lin Wei, who will assume the role of chairman in January 2024. The company is focused on technical research and development, aiming to create a recognized Chinese operating system [3]. - The strategic direction emphasizes the importance of self-reliance in technology to avoid being "choked" by foreign technology, as articulated by former chairman Wang Jiping [3].

Despite a year marred by geopolitical tensions, DeepSeek fears, and persistent whispers of a tech bubble, the AI trade defied skeptics to anchor the stock market in 2025.With the Nasdaq-100 finishing up 20.2%, I/O Fund analyst Beth Kindig has released a review of the year’s top 10 tech stocks, offering a blueprint for identifying the next wave of market leaders in 2026.The ‘Real’ AI Trade EmergesThe 2025 market was defined by a decisive rotation toward the “physical” layers of the AI stack. While early boom ...

Shutthiphong Chandaeng/iStock via Getty Images Dear Fellow Investor, This is the sixteenth annual letter to owners of the Fundsmith Equity Fund (‘Fund’). The table below shows performance figures for the last calendar year and the cumulative and annualised performance since inception on 1st November 2010 and various comparators. % Total Return 1st Jan to 31st Dec 2025 Inception to 31st Dec 2025 Sortino Ratio 6 Cumulative Annualised Fundsmith Equity Fund 1 +0.8 +612.9 +13.8 0.75 Equities 2 +12. ...

市场结构的脆弱、宏观的扰动于产业的分歧共同导致了市场的调整，并不建议投资者进行单一归因并线性外推。短期来看，内外部因素对A股的阶段性影响 可能已接近尾声，当前至明年一季度流动性环境仍偏宽松，低利率资产荒背景下居民"存款搬家"趋势有望继续延续，指数前期回调为投资者提供了较好的逢 低布局"跨年"行情时机。配置上，逢低布局成长风格，红利风格注重阶段性、结构性机会。 主力净流入行业板块前五：国产软件，军工，新能源汽车，有色金属，游戏； 主力净流入概念板块前五：人工智能，华为产业链，阿里巴巴概念股，数字 经济，国企改革； 主力净流入个股前十：昆仑万维、蓝思科技、三花智控、岩山科技、润泽科技、紫金矿业、航天发展、华胜天成、寒武纪、奥飞数据 2025年A股震荡上涨，但作为备受市场关注的行业板块之一，券商板块表现却逊色于上证指数，与其三季报展示出的业绩增长态势形成鲜明对比。2026年即 将来临，证券行业发展前景如何，板块又将涌现哪些布局机遇，受到投资者关注。2026年作为"十五五"规划开局之年，政策呵护下资本市场有望打开上行空 间，市场流动性有望继续维持合理充裕状态，券商板块有望在预期修复下迎来估值与盈利的共振，并购和出海有 ...

作为萤火AIOS的重要延伸，萤火智核AI平台则是基于高通Q系列芯片深度优化的软硬件一体化计算方 案。该平台搭载萤火AIOS框架，配备完整开发工具链，可加速AI模型与智能体的开发进程。 当前正在火热举行的2026年国际消费电子展(CES)上，诚迈科技（300598）携旗下汽车子公司智达诚远 亮相，集中发布萤火AIOS、萤火智核AI平台等创新产品及解决方案，同步联合联想车计算推出座舱AI Box算力新品，打通AI端侧融合的落地新路径。 随着新一代AI应用进入规模化落地阶段，企业普遍面临算法集成效率低、系统安全实时性要求高、软 硬件迭代不同步、大模型与硬件适配难等多重挑战。在此背景下，诚迈科技推出的萤火AIOS端侧AI操 作系统，成为破解行业痛点的关键核心。 据介绍，萤火AIOS是一款专为智能设备打造的端侧AI操作系统，核心定位是为智能手机、汽车、AIoT 及具身智能等设备提供高效、灵活、可扩展的AI软件基座。该系统深度整合跨平台多模型自适应、复 杂语义理解、多智能体协同及边云协作四大核心能力，通过标准化接口与工具链，助力设备厂商快速完 成智能化应用的构建、部署与管理。 兼容性与适配性方面，萤火AIOS可全面兼容A ...

人民财讯1月9日电，企查查APP显示，近日，丝路数康科技(甘肃)有限责任公司成立，法定代表人为焦 晓东，经营范围包含大数据服务；软件开发；人工智能应用软件开发；人工智能理论与算法软件开发； 人工智能公共数据平台等。企查查股权穿透显示，该公司由云上甘肃科技股份有限公司、创业慧康 （300451）等共同持股。 ...

（原标题：美银证券：中资软件首选股金蝶国际(00268)、美图公司(01357)及金山办公(688111.SH)） 智通财经APP获悉，美银证券发布研报称，该行覆盖的中国软件公司股价于2025年平均上升16%，跑输MSCI中国指数23%升幅。展望2026年，该 行对软件需求前景持审慎乐观态度，因为AI变现加速及软件进口替代趋势，将与多个垂直行业的需求疲弱并存。 总体而言，该行预测中国软件及IT服务行业于2026年收入同比增长12%，2025年预测为同比增长13%。在下调2025-2026年收入预测约2%后，预计 覆盖的软件公司2026年平均收入同比增长加速至14%，2025年为7%。 该行对企业资源规划(ERP)、照片编辑软件及办公软件板块的公司持选择性正面看法，这些标的在SaaS模式及AI驱动下增长能见度较高; 但对网络 安全及地产软件则保持谨慎，原因是需求偏弱。首选股分别有金蝶国际(00268)、美图公司(01357)及金山办公(688111.SH)，均获"买入"评级。 ...

总体而言，该行预测中国软件及IT服务行业于2026年收入同比增长12%，2025年预测为同比增长13%。 在下调2025-2026年收入预测约2%后，预计覆盖的软件公司2026年平均收入同比增长加速至14%，2025 年为7%。 智通财经APP获悉，美银证券发布研报称，该行覆盖的中国软件公司股价于2025年平均上升16%，跑输 MSCI中国指数23%升幅。展望2026年，该行对软件需求前景持审慎乐观态度，因为AI变现加速及软件 进口替代趋势，将与多个垂直行业的需求疲弱并存。 该行对企业资源规划(ERP)、照片编辑软件及办公软件板块的公司持选择性正面看法，这些标的在SaaS 模式及AI驱动下增长能见度较高; 但对网络安全及地产软件则保持谨慎，原因是需求偏弱。首选股分别 有金蝶国际(00268)、美图公司(01357)及金山办公(688111.SH)，均获"买入"评级。 ...

Core Insights - The software development and internet services sectors are experiencing significant upward movement, with the Zhongzheng Software Service Index rising by 2.08% as of January 9, 2026, driven by strong performances from key stocks such as Weining Health (+12.00%) and Zhongke Xingtong (+7.41%) [1] Group 1: Industry Trends - The ongoing policy push for intelligent upgrades in manufacturing is creating new opportunities for industrial software, as outlined in the "AI + Manufacturing" initiative, which aims to establish 1,000 high-level industrial intelligent systems and promote 500 typical application scenarios by 2027 [1] - The adoption rate of large models and intelligent systems among Chinese industrial enterprises has surged from 9.6% in 2024 to 47.5% in 2025, with leading companies expected to reach a 60% penetration rate in industrial AI over the next three years, indicating a significant demand release for industrial software [1] - The computer and software development industry is witnessing rapid growth, particularly in the GPU chip sector, with a notable shift in the AI industry's value focus towards agent application layers [1] Group 2: Market Dynamics - Meta's acquisition of the AI agent company Manus highlights the increasing market recognition of AI applications capable of solving specific problems, such as research, coding, and data analysis [1] - As of December 31, 2025, the top ten weighted stocks in the Zhongzheng Software Service Index include iFlytek, Kingsoft Office, and Tonghuashun, collectively accounting for 60.89% of the index [2] - The Software ETF (159852) serves as a convenient tool for investors looking to capitalize on opportunities within the computer software industry [3]