Core Viewpoint - Pinduoduo reported a total revenue of 95.6722 billion yuan for Q1 2025, reflecting a year-on-year growth of 10%, while net profit attributable to ordinary shareholders decreased by 45% to 16.916 billion yuan [1][2]. Financial Performance - Total revenue for Q1 2025 was 95.6722 billion yuan, a 10% increase compared to the previous year [1]. - Net profit attributable to ordinary shareholders was 16.916 billion yuan, down 45% year-on-year [1]. Management Insights - Management acknowledged the pressure on platform merchants due to macro policy changes, indicating a need for proactive measures to support them [3]. - The company plans to enhance its supply chain and operational capabilities while focusing on high-quality development and compliance [3][4]. - A "100 billion support plan" was introduced to assist small and medium-sized merchants in stabilizing sales and reducing operational costs [4][5]. Business Strategy - The company aims to deepen service levels and expand into new categories and services to build a more robust platform ecosystem [4]. - Pinduoduo emphasizes the importance of supporting merchants to ensure long-term stability and better consumer service [5]. - The company is committed to lowering merchant fees and providing marketing support to enhance the ecosystem, viewing these expenses as long-term investments [6]. Future Outlook - The management expects ongoing challenges to profitability due to the mismatch between investment and return cycles, which may persist for a longer duration [6]. - The focus remains on long-term value creation rather than short-term financial performance, with plans to expand support initiatives for more small businesses [6].

"与 SAP 的合作，进一步增强了我们用世界级技术赋能全球企业的决心。"阿里巴巴集团董事会主席蔡 崇信表示，"通过将 SAP 的企业级软件与阿里云强大的基础设施和AI能力结合，我们正在助力客户打造 更智能、更敏捷的运营体系。" SAP全球CEO柯睿安（Christian Klein）表示："我们的联合市场拓展战略将为企业打开新局面，为他们 带来全方位的工具与服务。我们期待与阿里巴巴携手，帮助双方共同的客户推动创新、优化运营表现、 打造竞争优势，共同引领云技术驱动的数字化转型未来。"（文猛） 责任编辑：何俊熹 作为SAP云服务提供商，阿里云将支持企业部署SAP ERP云上及SAP ERP私有云版本，为各行各业的企 业级客户提供可扩展、安全且智能的解决方案。企业能够部署"SAP集成业务计划云"，并开启RISE with SAP和GROW with SAP旅程。阿里云也将加入最新的 SAP 基础设施即服务（IaaS）认证计划，全面支 持客户运行 SAP 企业解决方案。 该合作还在企业级AI方面迈出重要一步。SAP探索将通义千问大模型接入SAP AI Core中的生成式AI Hub， 使企业客户可以在SAP应用及定制 ...

近日，微博与日本著名互联网集团公司 CyberAgent正式官宣达成合作，未来双方将集中优势资源，在 ACG（动画、动漫、游戏）领域展开以内容推广为主的多方面深度协作，旨在为两国用户带来更丰富 的线上体验，同时助力CyberAgent相关动漫IP在中国市场实现更高效的落地发展。 作为国内领先的社交媒体平台，凭借文娱和热点的优势，微博在日本具有广泛影响力。近年来，微博在 ACG 领域持续深耕，积累了深厚的资源与庞大的用户基础。目前，微博泛ACG兴趣用户数已超 3.2 亿，是国内网友动漫、游戏、电竞社交的主阵地。其中活跃的海内外动漫版权IP数量超1100个、国内外 优秀画师近6000名。 CyberAgent集团是日本代表性互联网企业，业务涵盖媒体与IP、网络广告及游戏领域。旗下运营日本最 大流媒体平台"ABEMA"，并成功打造在世界各国颇有人气的《世界计划 缤纷舞台 feat． 初音未来》等 从游戏延伸至剧场版的跨媒体IP。集团通过投资多部动漫制作委员会获取播出，游戏制作等各种权利。 2024年2月集团成立"动画&IP事业本部"，2025年1月设立动漫制作子公司"CA Soa"（由资深制作人小川 正和出任CEO ...

Core Insights - The live stream event featuring Xiang Changfeng, Vice President of Zhuanzhuan Group and CEO of Caihuoxia, alongside Luo Yonghao, generated significant sales, with nearly 10 million GMV in just 20 minutes and a total viewership of 864,400 [1] - The trend in consumer behavior is shifting towards practicality and cost-effectiveness, particularly in the context of rising flagship smartphone prices and slow product performance iterations, making second-hand products more appealing [1] - Resource machines, a type of non-new second-hand phone, are gaining traction, with an annual transaction volume of 100 million units for second-hand phones, but only 1 million for resource machines [1] Company Overview - Caihuoxia, a subsidiary of Zhuanzhuan Group, is responsible for the overall management of resource machines, ensuring that all phones sold through their platform undergo official verification and come with a public quality inspection report [2] - Zhuanzhuan has established a unique "official verification" system to address trust issues in the second-hand market, training over 2,000 quality inspectors and setting up three major quality inspection centers across China [2] - The company has over 900 offline stores that integrate second-hand recycling and retail, supported by nearly 2,000 professional on-site quality inspection engineers, achieving full coverage in first- and second-tier cities [2]

Group 1 - Red Hat has launched a new open-source project called llm-d to meet the large-scale inference demands of generative AI, collaborating with CoreWeave, Google Cloud, IBM Research, and NVIDIA [1][3] - According to Gartner, by 2028, over 80% of data center workload accelerators will be deployed specifically for inference rather than training, indicating a shift in resource allocation [3] - The llm-d project aims to integrate advanced inference capabilities into existing enterprise IT infrastructure, addressing the challenges posed by increasing resource demands and potential bottlenecks in AI innovation [3] Group 2 - The llm-d platform allows IT teams to meet various service demands for critical business workloads while maximizing efficiency and significantly reducing the total cost of ownership associated with high-performance AI accelerators [3] - The project has garnered support from a coalition of generative AI model providers, AI accelerator pioneers, and major AI cloud platforms, indicating deep collaboration within the industry to build large-scale LLM services [3] - Key contributors to the llm-d project include CoreWeave, Google Cloud, IBM Research, and NVIDIA, with partners such as AMD, Cisco, Hugging Face, Intel, Lambda, and Mistral AI [3][4] Group 3 - Google Cloud emphasizes the importance of efficient AI inference in the large-scale deployment of AI to create value for users, highlighting its role as a founding contributor to the llm-d project [4] - NVIDIA views the llm-d project as a significant addition to the open-source AI ecosystem, supporting scalable and high-performance inference as a key to the next wave of generative and agent-based AI [4] - NVIDIA is collaborating with Red Hat and other partners to promote community engagement and industry adoption of the llm-d initiative, leveraging innovations like NIXL to accelerate its development [4]

据悉，360目前已独立发现并披露57个境外APT组织。（文猛） 责任编辑：杨赐 据警方调查掌握，此次发起攻击的黑客组织近年来频繁针对中国大陆地区10余个省份的1000余个重要网 络系统（涉及军工、能源、水电、交通、政府等）开展大规模网络资产探查，搜集相关系统基础信息和 技术情报，并通过大范围发送钓鱼邮件、公开漏洞利用、密码暴力破解、自制简易木马程序等低端网攻 手法实施了多轮次网络攻击。特别是去年以来，该黑客组织针对我境内目标的攻击规模和攻击频次均有 明显提升，骚扰破坏意图明显，用心极其险恶。 360集团创始人周鸿祎介绍，此次360通过网络安全大数据和网络安全智能体的配合，很快辨认出此次攻 击来自于中国台湾省的一个APT（高级持续性威胁）组织。周鸿祎表示，360对中国台湾省APT情况掌 握较早，360发现的APT组织第一个编号就是以中国台湾省的APT组织命名，目前，360已独立发现并命 名了5个中国台湾省APT组织。经过十余年与这些APT组织进行实战对抗的技术积淀和经验，360的安全 团队已全面掌握相关组织的武器库和技战术特征，建立起基于行为模式分析的战术推演模型。 新浪科技讯 5月27日上午消息，广州市公安局 ...

新浪科技讯 5月27日上午消息，5月26日晚美团发布了2025年第一季度财报，在随后的电话会议上，美 团创始人兼CEO王兴谈及美团海外业务时表示："沙特外卖业务于去年9月启动，到现在已经有半年多 了，运营状况非常不错，已经在沙特好几个城市开展，业务拓展也会覆盖更多的发达城市。我们已经宣 布进入巴西的计划，承诺在未来五年投入10亿美元支持该项目的发展。" "很多人总是说其他市场跟中国市场相比很小，这样说是不公平的。如果我说，当前全球最大的市场是 中国和美国，大家都同意，但全球还有那么多的国家和地区，如果将海外几个不同的国家和地区的市场 综合起来，应该是比中国和美国的市场要大得多。每个国家的市场，每个的市场都是不同的，我们需要 评估当下机会。长远来看，我们认为可以把成功的经验复制到沙特和巴西，这两个市场也提供了绝佳量 增长机会。总体而言，我们对于全球外卖配送的增长潜力充满有信心，这不仅涉及到餐厅食品的配送， 还涉及到更广泛的配送。"王兴总结道。（罗宁） 责任编辑：杨赐 王兴认为，美团核心的系统能力是应对海外市场竞争的优势所在，"在过去，我们通过深耕国内的餐饮 外卖业务，从零到一建立了支撑我们当前超过6000万日单 ...

美团研究院表示："今年一季度骑手收入环比增长显著，得益于两方面因素。第一，农历新年前后是外 卖传统旺季，订单增长较快；其次，一季度非餐饮类闪购订单消费需求旺盛，电子产品、日用百货、生 鲜食杂、医疗健康等根植本地的新消费品类为骑手带来更多配送收入。" 公布财报后，美团CEO王兴表示，我认为这是一个非常重要的问题。简而言之，我们将采取一切必要措 施来赢得这场竞争。展开来说，我感觉目前发生的情况很有趣——这里出100亿，那里出100亿，仿佛每 个互联网参与者都愿意在这场比赛中投入巨额资金。这说明最终的赢家将获得巨大的市场价值，而美团 决心成为这一市场赢家。 "目前，我们是外卖行业的最大参与者，已经在这个领域深耕超过10年，并且在过去10年中经历了多次 激烈的竞争，因此我们认为，这次美团依然处于最有利的位置，并且能够再次取胜。" 5月27日消息，美团披露2025年一季度骑手收入情况，全国范围内高频骑手的月均收入在7230元至10100 元之间。以熟练骑手组成的乐跑骑手为例，这类骑手的月收入均值最高，在北上广深等高线城市可达 12593元。根据美团研究院调研数据，2024年月均有单骑手数量为336万。 美团相关人士表示 ...

Core Viewpoint - Meituan reported a revenue of 86.6 billion yuan for Q1 2025, representing an 18.1% year-on-year growth, with a net profit of 10.1 billion yuan compared to 5.4 billion yuan in the same period of 2024 [1][2]. Financial Performance - Revenue for Q1 2025 was 86.6 billion yuan, up 18.1% year-on-year [1]. - Net profit reached 10.1 billion yuan, significantly higher than 5.4 billion yuan in Q1 2024 [1]. - Adjusted net profit was 10.9 billion yuan, compared to 7.5 billion yuan in the previous year [1]. Competitive Landscape - The CEO acknowledged the competitive pressure from JD.com and Ele.me, both of which have announced substantial subsidies for their delivery services [3]. - Meituan aims to maintain its market leadership by leveraging its established position and extensive experience in the food delivery sector [3][4]. - The company views the influx of new competitors as a sign of the growth potential in the food delivery and instant retail markets [4]. Market Strategy - Meituan plans to respond to the competitive environment by investing in maintaining its market share and enhancing service quality [5][7]. - The company emphasizes the importance of returning to sustainable growth driven by quality service rather than irrational subsidy competition [6][8]. - Meituan is committed to supporting small and medium-sized businesses on its platform, enhancing their revenue and operational efficiency [5][6]. Future Outlook - The company anticipates fluctuations in financial performance due to ongoing competitive pressures and high subsidy levels from other platforms [7]. - Meituan expects the food delivery industry to transition to a more rational and sustainable growth phase, which will improve the overall ecosystem [8]. - The management believes that regulatory bodies will play a role in curbing unhealthy competition, allowing Meituan to focus on winning in a fair competitive landscape [8].

Core Viewpoint - The Cadillac XT4 has been relaunched with three models: Urban, Luxury, and Premium, starting at a price of 159,900 yuan, targeting the luxury SUV market [1] Group 1: Product Features - The XT4 is built on a luxury SUV platform, measuring over 4.6 meters in length and over 1.8 meters in width, featuring 20-inch oversized wheels [3] - It includes a 33-inch 9K panoramic curved display with a pixel density of 271 PPI, capable of displaying 1 billion colors, and is powered by the 8155 intelligent cockpit chip [3] - The vehicle's safety features include a high-strength body structure with 76.4% use of high-strength and ultra-high-strength steel, and it is equipped with the ESS intelligent protection system [3] Group 2: User Experience and Comfort - The XT4 is designed with female users in mind, featuring Moli leather seats with lumbar support, three levels of ventilation, heating, and massage functions, and a constant temperature design for lumbar support at 36.5°C [4] - It includes a panoramic sunroof that blocks 99.97% of UV rays, a stage-level soft light makeup mirror, and an ANC active noise cancellation system [4] Group 3: Performance Specifications - The XT4 is powered by a 2.0T variable cylinder turbocharged engine paired with a 9-speed automatic transmission, delivering a maximum power of 174 kW and peak torque of 350 N·m, achieving 0-100 km/h in 7.7 seconds [4] - It features a rear five-link independent suspension system for enhanced control [4]