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　　知乎-W（02390）早盘一度涨超5%，截至发稿，股价上涨2.78%，现报14.06港元，成交额527.24万港元。

　　里昂发表研报指，知乎将DeepSeek-R1接入人工智能搜寻产品知乎直答，大幅提升知乎直答每日活跃用户中的渗透率与留存率。里昂提及，虽然网络巨头们都在竞相整合DeepSeek，但该行认为知乎以其广泛的专有数据及高质内容的独特地位使其脱颖而出，至于该股的交易价格亦低于其净现金水准。里昂将知乎美股目标价由3.85美元上调至7美元，评级由“持有”上调至“跑赢大市”。

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