Market Performance - On January 23, US stock indices showed mixed results with the Dow Jones down 0.58%, the Nasdaq up 0.28%, and the S&P 500 up 0.03% [1] - The precious metals sector led gains, with Pan American Silver rising over 4% [1] - Technology stocks had varied performances, with Microsoft and Netflix up over 3%, while Intel fell 17%, marking its largest single-day drop since August 2024 [1] Chinese Stocks - The Nasdaq Golden Dragon China Index decreased by 0.26%, with notable declines in stocks such as Xpeng down over 3% and NIO and Alibaba down over 2% [1] - Conversely, Youdao rose over 4%, New Oriental increased over 2%, and Trip.com was up over 1% [1] Precious Metals - International precious metal prices reached new highs, with gold briefly surpassing $4,990 and silver crossing the $100 mark [1]

Market Performance - On January 23, U.S. stock indices showed mixed results, with the Dow Jones down 0.58%, the Nasdaq up 0.28%, and the S&P 500 up 0.03% [1] - The precious metals sector led gains, with Pan American Silver rising over 4% [1] - Technology stocks had varied performances, with Microsoft and Netflix up over 3%, while Intel fell 17%, marking its largest single-day drop since August 2024 [1] Chinese Stocks - The Nasdaq Golden Dragon China Index fell 0.26%, with notable declines in stocks such as Xpeng down over 3%, NIO and Alibaba down over 2%, and Weibo down over 1% [1] - Conversely, Youdao rose over 4%, New Oriental increased over 2%, and Trip.com was up over 1% [1] Precious Metals - International precious metal prices reached new highs, with gold briefly surpassing $4,990 and silver crossing the $100 mark [1]

Group 1: Stock Market Performance - The three major U.S. stock indices closed mixed, with the Dow Jones down 0.58%, the Nasdaq up 0.28%, and the S&P 500 up 0.03% [2] - Technology stocks showed mixed results, with Microsoft and Netflix rising over 3%, while AMD and Amazon increased over 2% [2] - Intel experienced a significant drop of 17%, marking its largest single-day decline since August 2024 [2] Group 2: Chinese Stocks and Indices - The Nasdaq Golden Dragon China Index fell by 0.26%, with notable declines in stocks such as Xpeng down over 3%, NIO and Alibaba down over 2%, and Weibo down over 1% [3] - Conversely, stocks like Youdao rose over 4%, New Oriental increased over 2%, and Trip.com gained over 1% [3] - The FTSE China A50 Index futures rose by 0.41%, closing at 14,843 points [4] Group 3: Precious Metals - Spot silver surged by 7.34%, reaching $103.21 per ounce [5] - New York silver also increased by 7.17%, priced at $103.28 per ounce [6] - Silver saw a substantial annual increase of approximately 147%, driven by strong demand, limited refining capacity, and ongoing supply shortages [6] - Analysts noted that geopolitical tensions, a generally weaker dollar, and expectations of a shift to monetary easing by the Federal Reserve are influencing gold demand [6] - Spot gold rose by 1.01%, reaching $4,986.02 per ounce [7]

Core Viewpoint - Weibo has announced a special governance action to combat the spread of false information and malicious marketing practices, aiming to create a safe and harmonious community environment while maintaining a clear online space [1][2]. Group 1: Strengthening Community Rules - Weibo will enhance community rules and increase the crackdown on various types of false content, including misinformation related to current events, public policies, and economic issues [2] - The platform will target false narratives surrounding accidents, disasters, and the living conditions of vulnerable groups [2] - Content that promotes extreme social divisions, such as wealth flaunting or inciting gender conflicts, will also be strictly addressed [2] - Weibo will take action against content that violates public morals, including abusive language and violent behavior [2] - The platform will prohibit lowbrow content disguised as street interviews or outdoor interactions, as well as any misleading content that confuses the public [2] Group 2: Enhancing Identification Management - Weibo will strengthen identification management and encourage users to improve their awareness of content labeling [3] - Users must use the platform's provided tools to mark fictional or dramatized content, and properly cite sources for non-fictional content [3] Group 3: Improving Complaint Channels - Weibo will optimize its complaint and reporting mechanisms to facilitate user participation in governance [4] - Users are encouraged to report any violations related to false content or malicious marketing through the platform's reporting channels [4] - The platform calls for users to create and share quality, truthful content while adhering to labeling regulations to help maintain a positive online environment [4]

1 月 21 日傍晚， 在三评西贝事件后 ，人民日报发出第四篇评论了。 这篇评论直指网络平台 "流量至上" 的弊端，强调平台需承担维护公共秩序、凝聚共识的社会责任。以罗永浩 与贾国龙 "约架论战" 为例，批评部分平台放大不良舆论、纵容错误言论，导致网络 "黑嘴""水军" 横行，企业 家不敢发声，恶化了营商环境。 文章指出，平台算法过度迎合偏好、热搜放大对立、技术纵容错误等问题，呼吁平台以主流价值为上，守住底 线，维护公共讨论秩序，共建清朗网络空间。 对于人民日报的批评，微博 CEO 直接拿数据作回应了，还发出一个提问：「 怎么做到"让事件各方平衡发 声"和"别只盯着流量"呢？」 对于来去之间的回应，有网友调侃"来总也是硬气了" 原文如下： （可上下滑动查看） 江苏新闻 也扩散转发了，高赞留言如下： ...

天眼查天眼风险信息显示，近日，罗永浩新增一则股权冻结信息，股权所在企业为锤子科技 （成都）股份有限公司，冻结股权数额713万余元，冻结期限自2026年1月20日至2029年1月 19日，执行法院为北京市丰台区人民法院。 | 基本信息 m | C天眼直 股权冻结详情 | 第二次 2012 | | | × 历史信息 117 | School | | --- | --- | --- | --- | --- | --- | --- | | | 基础信息 | | | | | | | 股权冻结 | 执行通知书文号 | (2026) 京0106执保304号 | 冻结状态 | 冻结 | | ●天眼色 | | 股权冻墙1 防史版社 | 被执行人 | 同永浩 | 疑似申请执行人 | . | | 0 导出 | | | 股权所在企业 | 顿子科技(成都) 股份有限公司 | 服按數額 | 713.9548万人民币 | | | | 用号 抗行通知 | 执行法院 | 北京市丰台区人民法院 | | | 公示日期: | 临作 | | (2026) RO | | | | | 2026-01-20 | 四川 | | 45 | 股权冻结信息 | | ...

Core Thesis - Weibo Corporation is viewed as a peculiar investment case, blending stagnation with latent value, primarily due to its significant stake in INMYSHOW, which is undervalued on its books [2][4]. Financial Performance - As of January 13th, Weibo's share was trading at $10.99, with trailing and forward P/E ratios of 6.28 and 6.32 respectively [1]. - The stock has risen from $7.84 in summer 2024 to $10.14, and it pays an annual dividend of $0.82 [3]. - The business is trading around nine times after-tax operating earnings, indicating it is no longer exceptionally cheap on a cash flow basis [3]. Strategic Investments - Weibo holds a 26.57% stake in INMYSHOW, a Shanghai-listed entity valued at $10 billion, which is recorded on Weibo's books at just $300 million [4]. - This hidden value implies an intrinsic worth of approximately $16 per share, significantly above the current market price [4]. Investment Outlook - The juxtaposition of a stagnating operating business against a deeply undervalued strategic investment positions Weibo as a long-term asymmetric risk/reward opportunity [5]. - While short-term performance may disappoint due to ongoing operational challenges, the underlying net cash value provides a durable floor and potential for future revaluation if the stake in INMYSHOW is realized [5]. - Weibo represents a patient, value-oriented play, requiring investors to wait to capture the embedded upside [5].

Group 1 - The core viewpoint of the article emphasizes that honesty is the best public relations strategy in times of crisis, particularly in the internet age where consumer sentiments can easily resonate and amplify [4] - The article highlights the importance of identifying problems, correcting mistakes, and accepting supervision to regain consumer trust and improve corporate reputation [4] - Following the controversy involving Xibei and Luo Yonghao, Xibei's founder, Jia Guolong, publicly stated his intention to respond comprehensively to accusations made by Luo Yonghao [4] Group 2 - Xibei's official Weibo account shared the People's Daily article, indicating that Jia Guolong is committed to reflection, learning, and improvement in response to the crisis [4] - Both Luo Yonghao and Jia Guolong's Weibo accounts have been silenced amid the ongoing dispute, indicating a significant escalation in the conflict [4][5]

Core Viewpoint - The National Anti-Monopoly Bureau has launched its official WeChat, Weibo, and Douyin accounts to promote anti-monopoly and fair competition policies, aiming to create a favorable environment for fair competition in society [1] Group 1: Platform Launch - The official accounts are named "China Anti-Monopoly" and will focus on authoritative releases, important activities, policy interpretations, case information, and local exchanges [1] - The initiative aims to build a comprehensive national anti-monopoly publicity service platform that integrates news information, information release, policy interpretation, law enforcement transparency, and interactive services [1] Group 2: Commitment to Fair Competition - The bureau emphasizes its commitment to protecting and promoting fair competition, aiming to effectively communicate the importance of anti-monopoly and fair competition [1] - The initiative encourages public engagement and support in maintaining and promoting fair competition [1]

Core Viewpoint - The establishment of the "China Antitrust" official accounts on WeChat, Weibo, and Douyin aims to promote antitrust and fair competition policies, fostering a favorable environment for fair competition in society [1][2] Group 1 - The National Antitrust Bureau has launched its official accounts to enhance public awareness and understanding of antitrust policies [1][2] - The accounts will provide authoritative releases, important activities, policy interpretations, case information, and local exchanges [1][2] - The initiative aims to create a comprehensive national antitrust publicity service platform that integrates news information, policy interpretation, law enforcement transparency, and interactive services [1][2]