Core Insights - The new round of "old-for-new" policies in China aims to stimulate consumer spending, particularly in the automotive and electronics sectors, by providing substantial subsidies for replacing old vehicles and electronic devices [1][2][3]. Automotive Sector - The new policy allows for subsidies based on a percentage of the vehicle price, ranging from 6% to 12%, which enhances the attractiveness of purchasing new vehicles [1]. - In Shandong province, specific subsidies for scrapping old cars and purchasing new energy vehicles are set at 12% of the new car price, with a maximum of 20,000 yuan, and 8% for other new energy vehicles, capped at 15,000 yuan [2]. - The "old-for-new" program has led to a significant increase in consumer interest, with a reported 40% of car sales being trade-ins, indicating a shift in consumer behavior towards upgrading vehicles [2]. - The demand for new energy vehicles, particularly plug-in hybrids and extended-range models, is expected to surge in the first quarter due to these policies [2]. Electronics Sector - The new policies also extend to digital smart products, including smartphones, tablets, and smart glasses, with an emphasis on increasing the subsidy rates and simplifying the application process [3]. - The introduction of a "Internet + second-hand" model is encouraged, which aims to improve the management and evaluation of used goods, enhancing consumer confidence in trade-in values [3]. - Consumers are increasingly valuing the transparency and fairness of old device evaluations, prompting retailers to adopt third-party assessments to meet these expectations [4]. Market Outlook - There is strong confidence in the market's trajectory due to increased policy support at both national and local levels, which is expected to drive consumer spending and upgrade trends [5].

Core Insights - TCL showcased its innovations at CES 2026, focusing on "Screen Universe" and "AI Life" with a booth area of 2,453 square meters, marking its 33rd appearance at the event [1] Display Technology Innovations - TCL highlighted several cutting-edge products, including the X11L series SQD-MiniLED TV, which features super quantum dot and super butterfly wing technology, offering advantages such as high color gamut, no color bleeding, more zones, higher brightness, and a thinner design [3] - The SQD-MiniLED TV Q10M series was launched domestically on January 5, further lowering the barrier for high-end picture quality [3] - The TCL Huaxing printed OLED vehicle screen was also presented, designed for high-end smart cockpit interaction, with a material utilization rate exceeding 90%, and its high-generation production line commenced operations in October 2025 [3] AI Integration and Product Offerings - TCL showcased AI applications, including the Thunder X3 Pro Project eSIM, a consumer-grade AR smart glasses with independent communication capabilities, supporting features like phone calls, multimodal AI conversations, and real-time AI translation [5] - Other products such as the Xiaolan Wing AI air conditioner and AiMe companion robot cover various life scenarios, with TCL's global air conditioner sales projected to exceed 20 million units in 2024, reflecting a year-on-year growth of 29.6% [5] Research and Development Commitment - From 2019 to 2024, TCL invested over 60 billion yuan in R&D, with a total of 119,352 patent applications filed by November 2025 [5] - The company has established a R&D center in Silicon Valley and a manufacturing base in Mexico, ranking second in TV shipments in the North American market [5] - TCL aims to strengthen its focus on technology-intensive industries and advance upstream in the supply chain, emphasizing R&D in AI applications and next-generation display technologies [5]

黑芝麻智能首席市场营销官杨宇欣（右） 需要指出的一点是，任何新技术的爆发多数都源于找到了契合的突破口。场景，作为嫁接技术与产业的 核心枢纽，正成为推动AI原生终端落地的关键。杨宇欣表示，自己对AI原生终端的定义是"没有AI就失 去存在意义"的设备。目前来看，具身智能领域很可能诞生这类终端。 戴照恩认为，早期阶段，付费意愿强的场景会更有优势。不管是AI相关的零部件企业、整机厂商还是 算法公司，都需要消费者的支持。"与其追求'everything AI'，不如聚焦单一赛道打穿，做出适配该场景 的硬件+软件无感交互产品，切实解决用户的痛点，这样成功的机会更大。 " 2026年的CES依旧在关注AI，只不过，对比前两年AI在展示和叙事阶段，今年的AI正式进入到真实世 界，大家更关注的是落地应用，找到精准的场景。黄仁勋的演讲更是将物理AI的概念推向高潮。 随着技术的跃级加上大众关注度的改变，关于AI原生终端的话题讨论开始多了起来。CES 2026期间， 在钛媒体「Talk to the World Forums·对话世界」系列论坛上， 微光科技CEO戴照恩、黑芝麻智能首席市 场营销官杨宇欣与钛媒体集团联合创始人、联席C ...

Core Insights - The Seoul Business Agency (SBA) is enhancing the global competitiveness of Seoul's startup ecosystem by participating in CES 2026 and supporting 70 startups in entering global markets [1][10] Group 1: Event Overview - CES 2026 is the world's largest technology exhibition, held from January 6 to January 9, 2026, in Las Vegas [2] - The Seoul Pavilion, covering 743 square meters, is located in Eureka Park and features a main stage, photo zone, and spaces for business consultations [3] - The pavilion showcases the collaboration of 19 organizations, including four district offices, five startup support institutions, and nine leading universities in Seoul [4] Group 2: Startup Participation - Seventy companies from advanced technology sectors such as AI, mobility, and healthcare are exhibiting at the Seoul Pavilion [5] - SBA selected 70 university students to assist participating companies with interpretation and booth operations, ensuring smooth business activities [6] Group 3: Opening Ceremony and Concept - The opening ceremony on January 6 featured the theme 'Seoul POP,' symbolizing Seoul's innovation and energy on a global stage [8] - The event included performances and a collaborative piece using a 'Seoul POP' can-shaped object, highlighting solidarity among participants [9] Group 4: Achievements and Awards - A total of 17 companies from Seoul won CES 2026 Innovation Awards, including one Best of Innovation Award, showcasing Seoul's strength as a tech hub [10][12] - Studio Lab Co., Ltd. won the Best of Innovation Award, joining a select group of global winners alongside major companies like Samsung and Qualcomm [13] Group 5: Support Programs - SBA provided two months of pre-consulting programs to help startups enhance their global visibility and achieve significant outcomes at CES 2026 [12] - The participation in CES is viewed as a platform for real business opportunities, with expectations for practical achievements from the showcased innovations [14]

Core Insights - The global foldable smartphone market is experiencing continuous growth, particularly in China, driven by technological advancements and an improved supply chain, leading to product diversification [1] - China has emerged as the main growth engine for the global foldable smartphone market, with Huawei maintaining a significant market share [1][18] - User willingness to purchase foldable smartphones is increasing, with higher expectations for product functionality and experience [1] - The transition from niche to mainstream market for foldable smartphones is anticipated, with sustained demand growth and a focus on hardware optimization and software ecosystem development [1] Market Overview - The global smartphone market has entered a phase of stock competition since 2017, with annual shipment volumes declining by approximately 2.52%, projected to reach 1.22 billion units by 2024 [2] - The flat smartphone market has become saturated, prompting manufacturers to innovate product forms to explore the high-end market [5] Competitive Landscape - The foldable smartphone industry chain includes upstream raw material supply, midstream design and manufacturing, and downstream sales [7] - Chinese foldable smartphone manufacturers, such as Huawei and Samsung, are leading the industry chain with strong technological capabilities [7][8] User Behavior and Preferences - The majority of foldable smartphone users are male and female, with a higher preference among first-tier and new first-tier city users [20] - Users with higher education levels, particularly those with a bachelor's degree or above, show a greater preference for foldable smartphones [20] - The price range for most users of foldable smartphones is between 5,000 to 9,000 yuan, with Huawei being the most used brand [22] Purchase Motivations - The key reason for purchasing foldable smartphones is the stronger sense of technology and futurism, accounting for 44.7% of responses [24] - Users have a substantial budget for purchasing foldable smartphones, with 28.4% willing to spend between 8,000 to 10,000 yuan [24] Brand Recognition and Image - Huawei leads in brand recognition across various dimensions, including high-end perception, business style, and innovation [26][28] - User satisfaction is highest for Huawei, followed by Xiaomi and Samsung, indicating strong user approval [30] Future Trends - Over 90% of consumers are considering purchasing a foldable smartphone for their next device, focusing on reliability, battery life, and hardware specifications [41] - The foldable smartphone market is transitioning from a niche to a mainstream product, with 95.5% of consumers willing to switch to a foldable device in the future [47]

转自：嘉兴日报 2026年美国拉斯维加斯消费电子展（CES）9日落下帷幕。本届展会上，人工智能（AI）依然是最醒目 的关键词。但与往年不同，今年的展示重心已从"模型能力"转向"产品能力"，从技术秀场转向可规模化 落地的应用。记者在现场观察到，AI正在从概念化走向工程化和产业化，端侧AI和物理AI成为技术突 破的核心方向。 AI成为"系统级能力" （来源：嘉兴日报） 与以往以概念展示为主不同，今年亮相的机器人展品明确瞄准具体应用场景，更加注重实际应用能力。 记者在展馆看到，多款机器人在模拟的仓储、零售和公共服务环境中连续运行，能够自主规划路线、识 别物品并完成多步骤操作。 在物流和仓储场景中，机器人承担分拣、搬运和货架补货等任务；在制造场景中，它们执行高重复度或 高风险工序；在服务场景中，机器人化身讲解员、送餐员、咖啡师、茶艺师等，提供情绪价值及稳定、 精细的服务体验。 走进CES展馆，一个明显变化是，围绕AI的讨论不再集中于模型规模、算力指标或技术路线之争，而更 多聚焦于AI"能做什么""如何嵌入现有系统""怎样实现规模化部署"。 展会上，大模型仍是基础，但不再是展台中心。取而代之的，是大量可实际运行的AI设 ...

Group 1 - The demand for AI smart glasses is increasing due to the growing popularity of AI applications and the maturity of lightweight technology, prompting major tech companies like Meta, Google, Samsung, Xiaomi, and Baidu to accelerate product launches [1] - Meta has announced a pause on international market expansion for its AI smart glasses due to high demand in North America and limited production capacity, indicating that consumer demand exceeds market expectations [1] - The introduction of AI language models and advancements in lightweight technology have significantly improved previous pain points of AR and VR glasses, making them more appealing to consumers [1] Group 2 - Major players in the AI smart glasses market include Meta, Google, Samsung, Xiaomi, and Baidu, with Meta leading the market by integrating silicon-based liquid crystal technology and expanding multimodal visual AI features [2] - Meta's use of mature LCoS technology in its new AI smart glasses addresses past issues faced by AR and VR glasses, resulting in a market share of 70% for Meta [2] - Other brands are expected to follow Meta's technological advancements, although they will need to overcome patent barriers set by Meta, indicating a competitive landscape in the AI smart glasses market [2]

Meta Platforms (META) finds itself at a critical crossroads. Earlier this month, the tech giant announced it was pausing the international rollout of its much-anticipated Ray-Ban Display smart glasses, citing unprecedented demand in the U.S. and limited global inventory as the key reasons for the delay. Originally slated for release across Europe and Canada in early 2026, the ambitious wearable, which fuses augmented reality with everyday eyewear, will now remain U.S.-centric as Meta works to meet domest ...

Core Viewpoint - Peter Thiel's hedge fund, Thiel Macro, has completely exited its position in Nvidia, selling 537,742 shares during Q3, and has shifted its investment to Apple, indicating a strategic pivot in response to market conditions [3][8]. Nvidia - Nvidia's market capitalization has surged from $345 billion at the launch of ChatGPT to $4.6 trillion, making it the most valuable company globally [4]. - Despite record revenue and earnings, Nvidia's stock has only risen by 1.7% since its fiscal Q3 earnings report on November 19, 2025, suggesting a potential slowdown in momentum [6]. - Concerns are growing among investors regarding competition from other GPU manufacturers like Advanced Micro Devices and ASIC designers such as Broadcom, which may impact Nvidia's future growth [7]. - Nvidia is perceived as a high-beta stock, indicating increased volatility, despite consistently exceeding Wall Street expectations [12]. Apple - Apple has a significant installed base of over 2 billion active devices, positioning it to benefit from the integration of generative AI across its hardware and services [10]. - Although Apple's growth has been sluggish and its AI roadmap unclear, it remains a stable investment opportunity with robust cash flow generation [13]. - Apple's forward price-to-earnings (P/E) ratio is around 32, higher than Nvidia's 24, but the latter's faster revenue growth does not necessarily make it a better investment at this time [14]. - Thiel's shift to Apple suggests a belief in a potential correction for growth stocks, favoring more stable investments with resilient business models [15].

Group 1 - Tim Cook, the current CEO of Apple, has expressed feelings of fatigue and is considering stepping down, potentially as early as this year, with plans to transition to the role of chairman of the board [3][5] - Apple is reportedly accelerating the selection process for Cook's successor, with John Ternus, the Senior Vice President of Hardware Engineering, being a leading candidate [5][8] - The company has not confirmed any details regarding Cook's departure or the identity of his successor, indicating that further confirmation is needed [5] Group 2 - Apple has been preparing for the "post-Cook era" in various ways, suggesting that leadership change is on the agenda [8] - The launch of the next-generation iPhone Air has been delayed due to lower-than-expected sales, with the project removed from the 2026 fall release schedule [8] - Despite the delay, Apple continues to develop the iPhone Air second generation and is considering using Samsung's CoE packaging technology to reduce thickness [9][10] Group 3 - The iPhone Air second generation is expected to feature a 6.5-inch high-refresh-rate display, a 48-megapixel main camera, and a potential additional lens [10] - The upcoming iPhone Fold is anticipated to have a 5.5-inch outer display and a 7.8-inch inner display, with advanced features aimed at enhancing durability and user experience [12] - Apple's product lineup is set for innovative adjustments this year, with the standard version of the iPhone's release pushed to next year [14]