小鹏汽车董事长、CEO何小鹏在微博发文：为高德"飞行街景"上线点赞。让每一个小商家用手机就能生 成可"飞行"的实景店铺——这不仅是一次体验的升级，更是AI深入理解并还原物理世界的重要突破。从 出行到生活，我们正共同经历物理AI带来的变化。我们认为，世界模型将成为驱动下一代汽车、机器 人、飞行汽车的核心技术底座。小鹏汽车也将持续深耕物理AI，持续探索物理世界与 AI 深度耦合的更 多可能。期待与高德地图 及同行者一起，把这条路走深走实。 ...

| 序号 | 代码 | 名称 | 两日图 | 现价 | | 涨跌 涨跌幅 ▼ | | --- | --- | --- | --- | --- | --- | --- | | 1 | 9626 | ﮩﺮ W-肥能哩-W | | 227.60C 11.000 | | 5.08% | | 2 | 9988 | 阿里巴巴-W ~~ | | 148.90( | 6.300 | 4.42% | | 3 | 1797 | 东方甄选 | ww | 19.830 | 0.800 | 4.20% | | 4 | 1833 | 平安好医生 | 24 | 17.120 | 0.560 | 3.38% | | 5 | 2562 | 狮腾控股 | | 2.000 | 0.060 | 3.09% | | 6 | 1024 | 快手-W | www | 74.100 | 2.200 | 3.06% | | 7 | 0241 | 阿里健康 | - 1 4/14/1 | 5.660 | 0.150 | 2.72% | | 8 | 3896 | 我们之 | nul | 5.710 | 0.150 | 2.70% | | 9 | 6682 | 第四 ...

Group 1 - The Hong Kong stock market opened higher on January 9, with major tech stocks showing strength, including Bilibili-W up over 5%, Alibaba-W up over 4%, and Kuaishou-W up over 3% [1] - The Hong Kong Internet ETF (513770) saw a significant increase, with a net inflow of 566 million yuan over the past four days, indicating strong investor interest [2] - Alibaba's Taobao Flash Sale has made key progress in the latest quarter, with expectations for market share growth and a forecasted increase in China's instant retail market to exceed 1 trillion yuan by 2026 [3] Group 2 - Alibaba's Gaode Map has upgraded its features, introducing new functionalities and leveraging self-developed world model technology, positioning itself as a potential hub in the AI era [4] - The Hang Seng Technology Index is projected to have an EPS growth rate of 34% by 2026, driven by AI technology enhancing core business efficiency [4] - The top ten weighted stocks in the Hong Kong Internet ETF include Alibaba-W, Tencent Holdings, and Xiaomi Group, collectively accounting for over 78% of the ETF's weight, highlighting the dominance of leading firms in the sector [5]

1月9日，港股早盘高开，科网龙头多数走强，截至发稿，哔哩哔哩-W涨超5%，阿里巴巴-W涨超4%， 快手-W涨超3%，小米集团-W跟涨；下跌方面，美团-W跌超1%，腾讯控股微跌。 | 序号 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | 1 | 9626 | 喷嚏味幅-W | 200 | 227.600 | 11.000 | 5.08% | | 2 | 9988 | 阿里巴巴-W ~ | | 148.900 | 6.300 | 442% | | 3 | 1797 | 东方甄选 | www | 19.830 | 0.800 | 4.20% | | 4 | 1833 | 平安好医生 | | 17.120 | 0.560 | 3.38% | | 5 | 2562 | 狮腾控股 | 7 | 2.000 | 0.060 | 3.09% | | 6 | 1024 | 快手-W | ww | 74.100 | 2.200 | 3.06% | | 7 | 0241 | 阿里健康 | ことな | 5.660 | 0.1 ...

上线一百天，高德地图旗下的"扫街榜"以一种令人瞩目的速度，改写了中国本地生活服务的市场生态。 自今年9月10日上线以来，这个基于真实到店行为生成的榜单，累计用户数已突破6.6亿。 互联网行业衡量一个产品爆发力的经典标尺，是达到亿级用户所需的时间。达到6亿用户，高德的扫街 榜只用了100天。这不仅仅是数字的竞赛，更是一场深刻的消费决策模式的颠覆，意味着终于有产品可 以让消费者开始用"真实的脚步"代替"浏览的眼睛"，作为选择服务的最终依据。 高德CEO郭宁表示："这100天，我们和每一位用户、商家、合作伙伴一起，见证了信任的重建，构建了 广泛的线下服务信用体系。高德扫街榜2026不仅是一次产品的升级，更是消费信任的持续提升，通过持 续增进消费信心，助力服务消费新增量。" 值得一提的是，高德扫街榜的影响力正从餐饮行业向全生活场景蔓延。在最新的发布会上，高德推出全 球首个全季节、全品类、全人群的生活服务动态榜单，从美食全面覆盖吃喝玩乐的生活服务领域。 高德扫街榜也进一步拓宽了护城河：开通全球榜，为全球华人提供可信推荐；增加城市、气候实时热度 指标，让榜单"活"起来；增强好友和同好互动，让用户的经验成为可分享的生活发现 ...

Q&A 为什么将阿里巴巴设为 2026 年度金股？ 我们将阿里巴巴设为 2026 年度金股，主要是因为我们持续看好阿里云的未来 高景气度及其增速和中期利润率的上修确定性。尽管近期阿里巴巴港股和美股 的股价有所波动，但我们认为这些波动主要源于市场对 12 月季度电商和闪购 业务预期的担忧。然而，从长期来看，电商业务在第一季度依然表现良好。尽 管即时零售竞争激烈，但阿里在该领域保持市场份额第一，并且亏损收敛速度 快于竞争对手。总体而言，我们对阿里的长期发展持乐观态度，特别是在 AI 大 背景下，作为全国核心头部公司，其未来弹性值得期待。 阿里巴巴 20260108 摘要 市场对 12 月季度电商和闪购业务的担忧导致股价波动，但电商业务长 期表现良好。阿里在即时零售领域保持领先地位，且亏损收敛速度快于 竞争对手，长期发展前景乐观。 阿里云业务增长强劲，2025 年第三季度收入同比增长 34%，预计第四 季度增速将超过 35%。内部和外部需求均表现出高景气度，规模效应有 望提升中期利润率。 电商 CMR 增速略低于预期，下调至 3-5%，但影响不大。即时零售领域 的价格战增加了业绩预测的难度，公司致力于保持市场份额第 ...

周四（1月8日），A股窄幅震荡，沪指微跌仍录得连续15个阳线。沪深两市成交额2.8万亿元，较上一个交易日小幅缩量， 但已连续4个交易日超2.5万亿元。个股方面，全市场超3700只个股上涨，其中111只个股涨停。 盘面上，商业航天爆发涨停潮，其中航天南湖、海兰信20CM封板！高人气军工ETF华宝（512810）场内涨超4%，创近半 年最大单日升幅，日内价格连续刷新2016年8月上市以来新高！热门通用航空ETF华宝（159231）场内收涨超4%再创上市 新高，资金单日再度净申购1400万份。 此外，据智通财经报道，工信部等八部门印发《"人工智能+制造"专项行动实施意见》，重点布局国产AI产业链的科创人 工智能ETF华宝（589520）、与国产算力相关的大数据ETF华宝（516700）以及信创ETF基金（562030）场内纷纷涨超 1%。 | 序号 | 代码 | 类型 名称 | 现价 | 涨跌幅 | 成交额 | | --- | --- | --- | --- | --- | --- | | 1 | 159231 | 主 通用航空ETF华宝 | 0.726 c | 4.46% | 1997.19万 | | 2 | 5 ...

此外，据智通财经报道，工信部等八部门印发《"人工智能+制造"专项行动实施意见》，重点布局国产 AI产业链的科创人工智能ETF华宝（589520）、与国产算力相关的大数据ETF华宝（516700）以及信创 ETF基金（562030）场内纷纷涨超1%。 | 序号 代码 | | 类型 名称 | 现价 | 涨跌幅 ▼ | 成交额 | | --- | --- | --- | --- | --- | --- | | 1 | 159231 | 主 通用航空ETF华宝 | 0.726 c | 4.46% | 1997.19万 | | 2 | 512810 | 主 军工ETF华宝 | 0.870 c | 4.19% | 8830.05万 | | 3 | 159707 | 行 地产ETF | 0.635 c | 1.76% | 4479.66万 | | 4 | 516700 | 主 大数据ETF华宝 | 1.045 c | 1.46% | 646.58万 | | ટ | 562030 | 主 信创ETF基金 | 0.557 c | 1.46% | 466.85万 | | 6 | 589520 | 主 科创人工智能ETF华宝 | ...

Market Overview - The Hong Kong stock market continued its downward trend on January 8, with the Hang Seng Index and Hang Seng Tech Index both falling over 1% [1][9] - Major tech stocks such as Meituan, Alibaba, and Tencent experienced declines, while Bilibili saw a rise of over 2% [1][9] - The Hong Kong Internet ETF (513770) closed down 0.93%, indicating a persistent premium and a positive attitude from buyers, with over 500 million yuan net inflow in the last three days [1][9] Alibaba Developments - Alibaba announced significant progress in its Taobao Flash Sales in the latest quarter and plans to increase investments to achieve market leadership [3][11] - Forecasts suggest that the market share of Taobao Flash Sales will continue to grow strongly by Q4 2025, with a faster reduction in losses compared to competitors [3][11] - The Ministry of Commerce predicts that China's instant retail market will exceed 1 trillion yuan by 2026 and reach 2 trillion yuan by 2030 [3][11] AI Advancements - Alibaba's Amap has upgraded its "Street Scanning List" with new features, leveraging self-developed world model technology to introduce a "Flying Street View" function [3][11] - Industry experts believe Amap is building a continuously evolving "true" digital asset pool, positioning itself as a super hub in the AI era [3][11] - The profitability cycle of the AI industry is expected to drive growth for major internet companies like Alibaba and Tencent, with a projected 34% EPS growth for the Hang Seng Tech Index by 2026 [3][11] Capital Inflows - Since the beginning of the year, southbound funds have significantly purchased Hong Kong stocks, with a net inflow of 30.78 billion HKD in the first three trading days of 2026 [4][12] - Major beneficiaries include Xiaomi, which received a net inflow of 3.148 billion HKD, and Alibaba, which saw over 2 billion HKD in net purchases [4][12] - Goldman Sachs forecasts that southbound fund inflows will reach a new high of 200 billion USD in 2026, driven by the current 37% premium of AH shares, highlighting the valuation advantages of Hong Kong stocks [4][12] Market Outlook - According to Guangfa Securities, the rise in Hong Kong assets is supported by fundamentals, with signs of structural recovery in profitability starting from the second half of 2024 [4][12] - The shift from liquidity-driven growth to a combination of profitability and liquidity is anticipated, especially with the decline of food delivery subsidies and the emergence of AI-driven advertising and cloud services as new growth points [4][12] - The Hong Kong Internet ETF and its linked funds track the CSI Hong Kong Internet Index, with major holdings in Alibaba, Tencent, and Xiaomi, accounting for over 78% of the top ten weighted stocks [4][12] Top Holdings in Hong Kong Internet ETF - Tencent Holdings (0700.HK) - 15.42% [5][13] - Alibaba (0988.HK) - 14.50% [5][13] - Xiaomi Group (1810.HK) - 13.11% [5][13] - Meituan (3690.HK) - 12.03% [5][13] - Kuaishou (1024.HK) - 4.24% [5][13]

Investment Rating - The report provides a "Buy" rating for multiple companies within the internet and AI sectors, indicating a positive outlook for their future performance [15]. Core Insights - The internet industry is experiencing significant advancements, particularly in AI applications, with companies like Alibaba's Gaode and Tencent leading the charge in integrating AI into their services [5][7]. - The AI model industry is transitioning from a focus on technology exploration to commercial value realization, as evidenced by the upcoming IPOs of companies like Zhipu and MiniMax [12][13]. Summary by Relevant Sections Alibaba - Alibaba's Gaode has launched a world model initiative, leveraging extensive positioning data and innovative architecture to transition from a navigation app to a physical world engine [5][6]. Tencent - Tencent has initiated an AI mini-program growth plan, providing resources and support to developers, aiming to enhance the AI application ecosystem within its platforms [7]. ByteDance - ByteDance's Volcano Engine has become the exclusive AI cloud partner for the 2026 CCTV Spring Festival Gala, showcasing its capabilities and solidifying its position in the AI cloud market [8]. Kuaishou - Kuaishou's AI product, Keling, has seen a significant increase in revenue, particularly in overseas markets, driven by innovative features and effective marketing strategies [10][11]. AI Model Industry - The AI model sector is witnessing a competitive landscape with Zhipu and MiniMax preparing for IPOs, marking a shift towards monetization and capital market engagement [12][13]. Company Valuations - The report includes detailed valuations and target prices for various companies, with many receiving a "Buy" rating based on their projected earnings and market potential [15].