这次会议为民营经济尤其是民营高科技企业打开了广阔赛道，相当于给市场吃下"定心丸"，制度环境的优化让资本对中国经济的长期预期更趋乐观，这是国 运牛在制度层面的重要支撑。 2024年之前，美国联合日本、韩国、荷兰等国家在半导体、AI、算力等高端科技领域对中国围追堵截，拜登政府的《半导体科学法案》更是层层加码限 制。 但2025年中国科技企业实现了集体突破：元旦前后，DeepSeek大模型以低成本、高性能跻身全球前列，一度成为苹果应用商店下载量第一的大模型；春节 晚会宇树科技人形机器人跳秧歌舞，让高端制造走进大众视野，随后优必选、致远等企业接连发力，北京、上海等地还举办了机器人运动会。 在芯片领域，阿里平头哥PPU芯片采用中芯国际7nm工艺，性能对标英伟达H20，成本却低40%，已在西宁数据中心部署16384颗，与中国联通合作实现大规 模商业化。 这些突破不仅打破了技术封锁，更让AI、半导体等高科技资产成为资本市场的新热点，印证了国运牛的科技底色。 历次A股牛市几乎都离不开宽松货币政策，但2025年这轮行情有了新的内部驱动力——大国崛起的国运。 很多人觉得国运和股市缺乏直接关联，其实从制度调整、科技突破到大国博弈的 ...

Core Viewpoint - The article highlights significant developments in the global expansion of Chinese companies, focusing on their strategies, investments, and innovations in various sectors, particularly in e-commerce, technology, and automotive industries [2]. Group 1: Major Events - SHEIN launched the "SHEIN Xcelerator" brand incubation and support program to assist emerging and established brands, including Chinese designers, in global expansion [5]. - TikTok Shop introduced new postal control rules to combat "postal fraud" and ensure compliance among merchants [7][8]. - Xiaomi announced a recall of 116,887 units of its SU7 standard electric vehicles due to safety concerns related to its L2 highway navigation feature [10][11]. - Temu reported a 50% year-on-year increase in global GMV, reaching $35 billion, and is shifting to a "overseas warehouse + local delivery" model to adapt to new tax policies [6]. Group 2: Company Developments - Xiaomi's automotive division is actively recalling vehicles and enhancing software to address safety issues, showcasing its commitment to customer safety [11]. - Temu is focusing on localizing operations in Europe, signing contracts with over 7,000 local suppliers to improve delivery times and reduce customs risks [6]. - SHEIN's new program aims to enhance brand visibility and influence globally, benefiting the entire supply chain [5]. - Didi's subsidiary 99 announced a $2 billion investment in Brazil to expand its food delivery service, aiming to cover 15 cities by the end of the year [25]. Group 3: Technology and Innovation - Alibaba's self-developed AI chip was showcased, with specifications comparable to Nvidia's H20 chip, indicating advancements in AI technology [21][22]. - Meta launched the Ray-Ban smart glasses priced at $499, featuring a built-in display for various functionalities [41][42]. - Nvidia announced a $5 billion investment in Intel, aiming to collaborate on chip development for data centers and personal computers [36][37]. Group 4: Investment and Financing - AI chip startup Groq completed a $750 million funding round, achieving a post-money valuation of $6.9 billion, indicating strong investor interest in AI technologies [45]. - Figure, an AI robotics company, raised over $1 billion in Series C funding, reflecting the growing demand for AI-driven solutions [47].

Core Viewpoint - The article provides a comprehensive overview of significant developments in the AI industry, including funding events, technological advancements, and legal challenges faced by companies in the sector. AI Industry Highlights - China has reportedly instructed companies like Alibaba and ByteDance to terminate orders for NVIDIA's RTX Pro 6000D chips, leading to disappointment from NVIDIA's CEO Jensen Huang [7] - Teable has launched the world's first AI Database Agent and secured angel round funding from investors including ZhenFund and Baidu Ventures [8] - Zhiyuan Robotics showcased its Lingxi X2 humanoid robot performing a complex gymnastics move, demonstrating advanced motion control capabilities [9] - Kuaishou's Keling AI has introduced a new digital human feature that generates 1080p videos from images and text, utilizing advanced video generation models [10][11] - Alibaba's self-developed AI chip has been revealed to match some key parameters of NVIDIA's H20 chip [12] - Disney, Universal Pictures, and Warner Bros. have filed a lawsuit against MiniMax for copyright infringement related to its AI product, "Hailuo AI" [13] - DeepSeek's R1 model research paper has been featured on the cover of the journal Nature, marking a significant achievement in the field of large language models [14] - QuestMobile reported that Doubao has surpassed DeepSeek in monthly active users, becoming the top native AI app in China [16] AI Financing Overview - A total of 28 AI financing events were disclosed globally this week, with a total funding amount of 22.705 billion RMB, averaging 1.261 billion RMB per event [58] - The majority of disclosed AI financing events in China were concentrated in Jiangsu, Shanghai, Beijing, Zhejiang, Guangdong, and Sichuan [64] - The highest funding amount in the domestic AI sector was achieved by Shengshu Technology, which completed a multi-hundred million RMB Series A financing round [68] International AI Developments - Figure, a US-based humanoid robot developer, announced a $1 billion Series C financing round [73] - NVIDIA plans to invest $5 billion in Intel, becoming one of its largest shareholders, while also collaborating on custom x86 CPUs [34][35] - OpenAI has released GPT-5-Codex, a new model optimized for agent programming [49] - Google is set to invest £5 billion in the UK over the next two years to enhance AI infrastructure [46]

Group 1 - Semiconductor sector in Hong Kong and A-share markets continues to show strong performance, with notable gains in stocks such as Huicheng Co. (+18.14%) and Zhongwei Co. (+12.91%) [1][3] - The semiconductor sector index has accumulated a rise of over 42% year-to-date [2] - Several companies, including SMIC and Huagong Information, have reached historical highs in stock prices [1] Group 2 - Recent news highlights the significant progress of China's AI chip brands, with a focus on the collaboration of various companies in the construction of a green computing center, showcasing a total computing power of 3479P [5] - Baidu and Tencent have reported substantial growth in their AI-related revenues, with Baidu's digital human business generating approximately 500 million yuan, a 55% quarter-on-quarter increase [7] - Huawei plans to launch several new AI chips between 2026 and 2028, indicating a strong commitment to advancing its AI capabilities [7] Group 3 - International interest in Chinese semiconductor companies is rising, with 41 foreign institutions conducting research on Weijie Chuangxin and 20 on other firms like Naxinwei and Xinyuan [8] - Goldman Sachs has raised the target price for SMIC's H-shares by 15% to HKD 73.1, reflecting confidence in the company's future earnings [8] Group 4 - The global semiconductor market is expected to expand, with a projected market size of USD 700.87 billion by 2025, driven primarily by logic and memory chips [9] - The industry is experiencing a wave of mergers and acquisitions across various sectors, including materials and equipment, to enhance scale and complete supply chains [9] Group 5 - The domestic computing power market is expected to see continuous improvements, with key challenges being addressed over time, leading to sustained investment opportunities in the sector [10] - Recent U.S. regulatory changes and China's response may accelerate the upgrade of domestic computing capabilities [10]

Group 1 - The core index of the Sci-Tech Innovation Chip 50 ETF (588750) has seen significant gains, with major component stocks like Cambricon rising over 5%, reaching a price above 1500 yuan, surpassing Kweichow Moutai to become the "king of stocks" [2] - Other notable performers include Haiguang Information, which surged nearly 8%, and Zhongxin International, which increased by over 2% [2] - The semiconductor sector in A-shares is experiencing strong performance, with foreign institutions actively researching Chinese chip companies, indicating a golden development period for China's "hard technology" industry [3] Group 2 - The demand in the semiconductor industry is slowly recovering, with prices showing signs of improvement; the overall supply remains relatively abundant, but prices are generally on the rise [5] - The AI chip sector is transitioning from testing and trial phases to substantial large-scale deployment, reflecting improvements in performance and customer acceptance [3][5] - Major cloud service providers in China are significantly contributing to the growth of the semiconductor industry, with ongoing capital expenditures and investments in AI computing power [5]