此次合作由即将接任沃尔玛首席执行官的约翰·弗纳与谷歌首席执行官桑达尔·皮查伊在全美零售联合会大展上共同揭晓。这一举措进一步迎合 了当下消费者依赖AI聊天机器人节省购物时间、获取灵感的趋势。早在2025年10月，沃尔玛便已与OpenAI合作推出"即时结账"功能，并上线了 自研的带有黄色笑脸形象的聊天机器人"斯帕基"（Sparky）。弗纳表示，从传统搜索向智能助手驱动购物模式的转型，标志着零售业正迎来又 一次重大变革，而沃尔玛正主动引领这一浪潮。 展望未来，AI支持的购物方式全面普及已是大势所趋。Visa全球市场集团总裁Oliver Jenkyn曾预计，随着支付巨头与AI企业合作的加速，2026 年将成为"AI辅助购物"全面进入主流视野的拐点。2025年11月，OpenAI已发布基于GPT-5-Thinking-mini模型优化的购物搜索功能，意图在消费 者决策链前端占据关键位置。摩根士丹利更是将此视为"Agent式电商"时代的开端，预测到2030年，该模式在基准情况下的GMV将达到约1900 亿美元，乐观情况下更高达3850亿美元。 在这一全球趋势的带动下，A股市场上的AI零售概念股亦表现不俗。数据显示，AI零 ...

AI技术或将引爆零售业。 AI应用全线爆发 多股早盘涨停 1月12日早盘，A股市场再现火爆行情，上证指数最新指数报收4151.14点，涨幅0.75%，最新指数创近 10年来新高。人工智能（AI）赛道全线爆发，盘面上，AI营销、Sora概念、智谱AI、多模态AI、AIGC 概念涨幅领先。 截至上午收盘，共有超过20只股票录得"20cm"涨停，其中多数与市场大热的AI赛道、商业航天赛道相 关，如易点天下、天银机电、信科移动、理工导航、中文在线等。 在众多涨停股中，封单金额最高的是AIGC概念股利欧股份（002131），涨停板封单348.22万手，约合 资金28.6亿元。公司近日接受机构调研时表示，旗下利欧数字自2023年起布局AI领域，并推出自研 AIGC生态平台"LEOAIAD"，围绕数字营销业务持续推进AI能力的应用与迭代。 沃尔玛与谷歌合作推出AI购物助手 AI支持的购物方式将全面普及 Visa全球市场集团总裁Oliver Jenkyn曾预计，随着支付巨头与人工智能企业的合作加速，2026年"AI辅助 购物"全面进入主流视野。据媒体报道，Jenkyn指出，虽然基于聊天机器人的购物功能已于2025年推向 市场 ...

Core Insights - Liou Co., Ltd. is advancing its capital structure optimization and international market integration by applying for a listing on the Hong Kong Stock Exchange, focusing on its dual core businesses of AI digital marketing and smart pumps and systems [1] Group 1: AI Digital Marketing - The AI digital marketing sector is experiencing explosive growth driven by the deepening of the digital economy and advancements in AI technology, positioning Liou Co., Ltd. as a leading player in the domestic market [2] - Liou Co., Ltd.'s AI digital marketing business has achieved the largest revenue scale in China's digital marketing market and has consistently ranked first in the China Academy of Sciences' digital marketing company rankings [2] - The company has developed proprietary models such as "LEOAIAD" and "Liou Unified," embedding them into various marketing workflows to enhance data acquisition and profitability [2] Group 2: Smart Pumps and Systems - Liou Co., Ltd. ranks second in China's pump and system industry and thirteenth globally based on projected 2024 revenue, while being the top exporter in the domestic civil pump sector [3] - The company is innovating in key components like motors and controllers, enhancing its product offerings and creating comprehensive solutions in smart pumps and systems [3] - The liquid cooling market, driven by the surge in data center computing power demand, is projected to grow at a compound annual growth rate of over 32.4% from 2024 to 2029, with liquid cooling pumps expected to grow at 31.8% [4] Group 3: Strategic Initiatives - The listing on the Hong Kong Stock Exchange is a strategic move to enhance the dual core business model, with funds aimed at AI infrastructure, manufacturing technology R&D, and global expansion [4] - The integration of AI technology into smart pumps and systems is expected to position Liou Co., Ltd. as a leading benchmark in the industry, leveraging technological advantages and cost control [4]

Market Overview - On September 10, the A-share market closed with a total of 65 stocks hitting the daily limit, with 49 stocks hitting the limit after excluding 16 ST stocks, resulting in an overall limit-up rate of 71.43% [1] Top Performers - Liou Co. had the highest limit-up order volume with 804,900 hands, followed by Qingshan Paper, Zhuolang Intelligent, and Kuangda Technology with limit-up order volumes of 388,200 hands, 345,400 hands, and 335,900 hands respectively [2] - Tianpu Co. achieved an 11-day consecutive limit-up, while Shoukai Co. had a 6-day consecutive limit-up. Three other stocks, including ST Asia-Pacific and Wolong New Energy, achieved 3 consecutive limit-ups [3] Fund Flow - In terms of order amount, 30 stocks had limit-up funds exceeding 100 million yuan, with Tianpu Co., Liou Co., and Industrial Fulian leading with limit-up funds of 683 million yuan, 480 million yuan, and 440 million yuan respectively [4] - Institutional net purchases included Xiaocheng Technology with over 300 million yuan, followed by Liou Co., Dongshan Precision, and others [11][12] Industry Highlights PCB Industry - Multiple stocks in the PCB (Printed Circuit Board) sector hit the limit, including Dongshan Precision, Jingwang Electronics, Yidun Electronics, and Jiayuan Technology. Dongshan Precision ranks second globally in flexible circuit boards (FPC) and third in PCBs according to Prismark research [5] - Jingwang Electronics has become the largest automotive PCB supplier globally in 2024, while Yidun Electronics' products are widely used in automotive electronics and other high-tech fields [5] eSIM Technology - Stocks such as Rihai Intelligent and Erli San also hit the limit, with Rihai Intelligent's SIM7070 series module featuring eSIM remote management capabilities [6][7] - Erli San is focused on providing comprehensive communication solutions in niche industries through its "263eSim" IoT solution [8] Oilfield Services - Stocks like Shandong Molong and Zhun Oil Co. saw limit-ups, with Shandong Molong specializing in oil drilling machinery and equipment, while Zhun Oil Co. provides specialized technical services for oil and gas extraction [9][10] ETF Performance - The Food and Beverage ETF (product code: 515170) saw a 2.01% increase over the past five days, with a net inflow of 1.35 million yuan [17] - The Gaming ETF (product code: 159869) increased by 6.16%, with a net inflow of 52.94 million yuan [17] - The Cloud Computing 50 ETF (product code: 516630) decreased by 4.42%, with a net inflow of 723.6 thousand yuan [18]

Market Overview - A total of 105 stocks reached the daily limit up in the A-share market, with 85 stocks hitting the limit after excluding 20 ST stocks, resulting in a sealing rate of 72.92% [1] Top Performers - Lioo Co., Ltd. had the highest limit-up order volume at 1.0641 million hands, followed by ST Dongshi, Sichuan Changhong, and *ST Huamei with order volumes of 522,200 hands, 410,100 hands, and 187,600 hands respectively [2] - *ST Huarong achieved a six-day consecutive limit up, while Jimin Health had four consecutive days, and nine stocks including Nord Shares and Kosen Technology had three consecutive days [2] Investment Highlights - Lioo Co., Ltd. leads in sealed order funds with 519 million yuan, followed by Sichuan Changhong with 479 million yuan and Chengmai Technology with 248 million yuan [3] - Lioo Co., Ltd. focuses on generative AI models and emphasizes the integration of AI with marketing services through its self-developed AIGC platform "LEOAIAD" [3] Sector Performance Robotics - Stocks such as Liying Intelligent Manufacturing, Shanghai Mechanical, and Zhongdian Xinlong saw limit ups, with Liying Intelligent Manufacturing exploring MIM technology for humanoid robots [4][5] Pharmaceuticals - Jimin Health's subsidiary is developing a pipeline of biopharmaceuticals including DB006 oncolytic virus injection and treatments for various diseases [6] - Furuijia's products are essential for liver disease management, becoming a new revenue growth point [7] - Yibai Pharmaceutical has a diverse product line with 152 varieties and 194 approved drug production numbers [8] Liquid Cooling Servers - Chuanrun Co., Ltd. offers stable immersion liquid cooling systems and zero-carbon energy management [9] - Sifang Technology is developing cutting-edge technologies for data center cooling [10] - Koshida provides various temperature control solutions suitable for different data center scenarios [11] Capital Flow - The net buying of stocks like Gaolan Co., Ltd. exceeded 100 million yuan, with significant net buying from institutions in stocks like Huasheng Tiancai and Zhongke Haixun [12][13]

Market Overview - On August 19, the A-share market saw a total of 105 stocks hit the daily limit, with 85 stocks hitting the limit after excluding 20 ST stocks, resulting in an overall limit-up rate of 72.92% [1] Top Performing Stocks - Lio Technology had the highest limit-up order volume at 1,064,100 hands, followed by ST Dongshi, Sichuan Changhong, and ST Huamei with order volumes of 522,200 hands, 410,100 hands, and 187,600 hands respectively [2] - In terms of consecutive limit-up days, ST Huarong achieved 6 consecutive limit-ups, while Jimin Health had 4 consecutive limit-ups. Nine stocks, including Nord Shares and Kosen Technology, recorded 3 consecutive limit-ups [2] Limit-Up Order Funding - 21 stocks had limit-up order funding exceeding 100 million yuan, with Lio Technology, Sichuan Changhong, and Chengmai Technology leading with funding amounts of 519 million yuan, 479 million yuan, and 248 million yuan respectively [2][3] Company Highlights - Lio Technology focuses on generative AI models and emphasizes the integration of AI with marketing services through its self-developed AIGC platform "LEOAIAD" and "Lio Unified" [2] - Sichuan Changhong is associated with Huawei and has a focus on home appliances and state-owned enterprise buybacks [3] - Chengmai Technology is linked to the Hongmeng concept and AI intelligent agents [3] Industry Trends Robotics - Several stocks related to robotics, including Lio Technology and Shanghai Mechanical & Electrical, saw limit-ups. Lio Technology is exploring MIM technology for humanoid robots [3][4][5] Pharmaceuticals - Stocks like Jimin Health and Furuijian saw limit-ups, with Jimin Health focusing on biopharmaceuticals and Furuijian providing essential management tools for liver disease patients [6][7] Liquid Cooling Servers - Stocks such as Chuanrun Shares and Keshida experienced limit-ups, with Chuanrun leveraging its liquid cooling technology for stable systems and Keshida offering various temperature control solutions for data centers [8]