Core Viewpoint - JD's new self-operated takeaway brand, Qixian Xiaochu, aims to innovate the food delivery market by utilizing a "dish partner" model, allowing restaurant partners to focus on dish development while JD handles the overall operations and costs [3][6][34] Group 1: Business Model and Strategy - Qixian Xiaochu is positioned as a quality dining production platform, representing a significant supply chain model innovation in the food delivery market [6] - The "dish partner" model allows partners to participate in dish development, while JD covers rent, labor, and operational costs, ensuring partners do not incur losses [3][10][14] - Each dish partner is guaranteed a minimum profit share of 1 million yuan, with additional sales commissions that have no upper limit [14] - Qixian Xiaochu aims to provide meals priced between 10-20 yuan, targeting a market segment that is not focused on higher-priced dining options [15] Group 2: Market Positioning and Consumer Focus - The initiative seeks to address issues in the food delivery industry, such as the prevalence of "ghost kitchens" that offer low-quality food, by providing affordable, high-quality meals [7][18] - Qixian Xiaochu aims to create a trustworthy and affordable takeaway option for consumers, with a focus on hygiene and quality [17][18] - The model is designed to help quality restaurants increase sales and profitability by leveraging JD's supply chain advantages [19][34] Group 3: Supply Chain and Food Safety - All ingredients used in Qixian Xiaochu are sourced from reputable suppliers, ensuring quality and safety through strict selection processes [21][25] - The operational model eliminates the need for washing and cutting ingredients in-store, enhancing food safety and cleanliness [22] - Qixian Xiaochu implements a comprehensive 40-point inspection and sanitation protocol to ensure food safety [25] Group 4: Competitive Landscape and Future Plans - JD emphasizes that Qixian Xiaochu is not in competition with existing restaurants or other delivery platforms, but rather aims to reclaim market share from low-quality food providers [13][34] - The company is open to collaborating with other platforms to meet consumer demand for quality and affordable meals [33]

Core Viewpoint - Tencent's market capitalization has reached a new high of 5 trillion HKD, driven by the integration of AI technology with its core business, resulting in significant growth momentum [1][5]. Group 1: Financial Performance - Tencent ranked 32nd in the 2025 Fortune China 500 list, improving by 6 places from the previous year, with a net profit exceeding 26.9 billion USD, placing it 6th in the profit ranking [4]. - In Q1 2025, Tencent reported revenue of 1800.2 billion CNY, a year-on-year increase of 13%, with gross profit of 1004.9 billion CNY, up 20% [13]. - The company’s R&D expenditure reached 706.9 billion CNY for the year, with a cumulative investment of 340.3 billion CNY over seven years [12]. Group 2: AI Strategy and Developments - Tencent has heavily invested in deep learning models since the second half of last year, launching its self-developed models, including the Tencent Mixed Yuan Deep Thinking Model T1 and TurboS [6]. - The AI assistant "Yuanbao" was launched on WeChat, allowing users to interact directly within the chat interface [9]. - The daily active users of Yuanbao surged over 20 times from February to March, making it the third-ranked AI-native mobile application in China [8]. Group 3: Business Segments and Growth - AI has become a key growth driver across Tencent's three main business segments: gaming revenue increased by 24%, advertising revenue grew by 20%, and financial technology and enterprise services revenue rose by 5% [11]. - Tencent's capital expenditure has seen a significant increase, with a year-on-year growth of 221%, reaching a historical high of 76.7 billion CNY [12]. Group 4: Market Activity and Future Outlook - Tencent has been a leader in share buybacks in the Hong Kong market, with a total buyback amount exceeding 40 billion HKD this year, marking a significant increase from previous years [15]. - The company plans to repurchase at least 80 billion HKD worth of shares in 2025, reflecting its commitment to returning value to shareholders [15].

Group 1 - The core viewpoint of the articles highlights the significant rise in gold prices, with spot gold reaching nearly $3,400 per ounce and experiencing fluctuations around this level in July 2023 [1][3] - The Shanghai Gold Exchange issued a notice on July 23, 2023, urging member units to enhance risk awareness and prepare for market volatility, indicating a cautious approach to market stability [1] - Retail gold jewelry prices have also increased, with major brands adjusting their gold prices by 8 yuan per gram, reflecting the impact of rising gold prices on consumer behavior [1] Group 2 - The World Gold Council reported that gold was one of the best-performing asset classes in the first half of 2025, with a price increase of nearly 26% and multiple record highs reached [3] - The sustained strength of gold prices is attributed to global geopolitical dynamics and macroeconomic conditions, with rising market risk aversion driving demand for gold as a safe-haven asset [3]

Core Viewpoint - The article highlights the global debut of the culinary IP "Chinese Banquet," which aims to promote Chinese food culture and enhance international understanding of Chinese traditions through a cultural exchange event in Thailand [1][3][5]. Group 1: Event Overview - The "Chinese Banquet" event was launched in Bangkok, featuring over 50 guests from various sectors, including government, business, and academia, showcasing the rich cultural heritage of Chinese dining [1][7]. - The event included a tasting of Sino-Thai fusion dishes, emphasizing the dialogue between civilizations and the cultural confidence of China [1][3]. Group 2: Cultural Significance - The initiative is part of a broader effort to promote traditional Chinese culture abroad, with a focus on achieving cross-cultural resonance through the "Chinese flavor" [3][5]. - The event coincides with the 50th anniversary of diplomatic relations between China and Thailand, highlighting the vitality of cultural exchanges between the two nations [5][7]. Group 3: Culinary Heritage - Chinese culinary culture is described as a refined civilization developed over 5,000 years, with a strong emphasis on quality and craftsmanship in both food and drink [5][14]. - The "Chinese Banquet" serves as a platform to showcase the non-material cultural heritage of Chinese cooking techniques and customs, fostering cultural integration between China and Thailand [8][14]. Group 4: International Expansion - The article notes that the internationalization of Chinese liquor, particularly Yanghe's "Dream Blue," has become essential, with products now available in over 80 countries across six continents [12]. - The "Dream Blue Handcrafted Class" series has previously held events in various countries, gaining popularity among overseas consumers and enhancing the brand's global presence [12][14].

Market Overview - The A-share market experienced a slight increase in the Shanghai Composite Index by 0.01% while the Shenzhen Component Index and the ChiNext Index fell by 0.37% and 0.01% respectively. The total market turnover was approximately 1.9 trillion yuan, a decrease of 30.3 billion yuan compared to the previous trading day [1]. Sector Performance - The A-share market saw a rotation of hotspots, with pharmaceutical-related concepts such as beauty care and medical services performing well, alongside major financial sectors like insurance and securities [3]. - The infrastructure sector, which had surged in the previous days, showed signs of divergence today. Leading stocks like Dongfang Electric and Tibet Tianlu remained strong, while popular stocks like Sany Heavy Industry and Conch Cement turned downward [4]. Company Highlights - Dongfang Wealth (300059) led the A-share market in terms of trading volume and net inflow of main funds, with a trading volume exceeding 19 billion yuan and a net inflow of over 980 million yuan [6][9]. - On July 18, Dongfang Wealth announced that shareholder Shen Yougen planned to transfer approximately 159 million shares, accounting for 1% of the company's total share capital, due to personal funding needs [11]. - The inquiry transfer price for the shares was preliminarily set at 21.66 yuan per share, with full subscription from 17 institutional investors [12]. Sector Analysis - The securities sector showed strength today, with leading stocks such as Guosen Securities and Guosheng Financial Holdings leading the gains [7]. - Guosen Securities rose by 5.14%, while Guosheng Financial Holdings increased by 4.98% [8]. Beauty and Personal Care Sector - The beauty care sector strengthened in the afternoon, with stocks like Jiaheng Jiahua and Runben shares hitting the daily limit [14]. - Jiaheng Jiahua has obtained production licenses for mosquito repellent products and aims to provide one-stop services in the cosmetics field [16]. - Runben's revenue from mosquito repellent products exceeded 400 million yuan in 2024, marking a 35.39% increase from 2023 [18]. - According to Guotai Junan Securities, beauty care products are highly sensitive to new demand changes, making them a key growth area in the new consumer landscape [18].

王昌林表示，1978年12月18日，党的十一届三中全会开启了改革开放和社会主义现代化的伟大征程。在 12月18日这一天启动封关运作，具有重要象征意义，也是向世界展示我国坚定不移扩大高水平开放的决 心和信心。接下来还有几个月时间，我们将抓紧做好后续准备工作，帮助经营主体充分了解封关政策、 开展相关业务测试。 来源：新华社 记者：魏玉坤、张晓洁；海报制作：栾若卉 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 新华社权威快报| 2025年12月18日海南自贸港全岛封关正式启动 国家发展改革委副主任王昌林7月23日在国新办发布会上表示， 关于海南自贸港封关的具体时间，经党 中央批准，定于2025年12月18日正式启动。 万达，再卖资产 金价大涨！ ...

不仅如此，部分参与内测的用户认为，仅省去"点击发送"步骤，与原语音转文字功能差异有限，且固定 英文指令"over"不符合本土习惯，建议开放自定义口令，如"发送""完毕"等。 处于内测状态的语音输入按钮 对于该功能，腾讯客服方面表示，语音输入按钮可以点击后说话自动转为文字，让输入更快捷方便。该 功能正在逐步开放中，用户可以留意后续版本更新。 这一功能依托微信内置的语音识别技术，日常交流中的普通话转换准确率较高，基本可以代替手动输 入。不过，当用户完成语音输入后，还需连续说出"over over"这一指令，系统才会自动将转换好的文字 消息发送出去，全程无需手动点击发送按钮。该功能比较适合双手忙碌或不便触屏的场景，如开车、做 饭时，使用起来会较为方便，整体体验很像在使用对讲机。 值得注意的是，"over"仅作为触发指令，并不会被录入发送内容。倘若需发送含"over"的文本（如"游戏 结束了"），则需连说三次"over"规避误触发。 由于是语音指令，对使用者的发音及所在环境会有一定要求，方言或模糊发音、周围过于嘈杂等都可能 导致发送失败。 7月23日，记者注意到，微信悄然开启一项新功能的灰度测试，部分用户发现聊天界面 ...

Core Viewpoint - The A-share market is experiencing a bullish trend, with the Shanghai Composite Index surpassing the 3600-point mark for the first time since October 2022, indicating a potential upward momentum in the market [1][10]. Market Performance - As of the midday close, the Shanghai Composite Index reported 3608.58 points, up 0.75%, while the Shenzhen Component and ChiNext Index rose by 0.31% and 0.72%, respectively [1]. - The total trading volume in the Shanghai, Shenzhen, and North markets reached 11,595 billion [1]. Sector Analysis - The large infrastructure sector is a significant driver of the current index rise, particularly following the commencement of the Yarlung Tsangpo River downstream hydropower project [4]. - The Yarlung Tsangpo hydropower concept index surged over 6%, with companies like China Railway Construction and China Power Construction hitting the daily limit [4]. - The black metal and new energy-related commodities have seen substantial price increases, with polysilicon and coking coal futures reaching their daily limits [5][6]. Stock Highlights - Notable stock performances include: - China Railway Construction: +20.07% [5] - Deepwater Survey Institute: +20.02% [5] - China Power Construction: +1.08% [5] - Huaneng Cement: +10.03% [5] - The steel sector, represented by the Shenwan Steel Index, rose over 1.6%, with companies like Liugang and Jiuquan Iron & Steel hitting the daily limit [6]. Broker Performance - The brokerage sector, often seen as a market leader, also showed strong performance, with Guosheng Securities hitting the daily limit and other firms like Guotai Junan and Huatai Securities following suit [8]. Investment Strategy - According to the strategy team at China Merchants Securities, the current market rally is supported by a positive feedback mechanism of capital inflow, with the Shanghai Composite Index breaking through key resistance levels [10]. - The upcoming peak in earnings forecasts for listed companies in mid-July is expected to be a focal point for investment strategies, with recommendations to focus on sectors such as electronics, machinery, pharmaceuticals, defense, and metals [10].

继《黑神话：悟空》之后，7月22日，又一国产3A游戏《明末：渊虚之羽》登上Steam平台 热销榜第一。 Steam页面显示，该款游戏售价248元，豪华版售价达到298元，即将在7月24日正式推出。 据了解，此前游戏科学公司开发的《黑神话：悟空》基础版售价为268元，略高于此次《明 末：渊虚之羽》的售价。 靠外包收入制作游戏 官网显示，《明末：渊虚之羽》整个故事以黑暗和奇幻为基调，类魂系风格，讲述了一位名 叫无常的失忆女侠，在明朝末期动荡年代中的经历。 招商银行研究院指出，《明末：渊虚之羽》作为另一部承载中华传统文化的游戏，尚未正式 发售便已展现出强大的市场潜力，为中国游戏在海外市场的进一步拓展奠定了坚实基础，有 望在延续《黑神话：悟空》成功的基础上，进一步提升中国游戏在全球市场的影响力。 值得注意的是，《明末：渊虚之羽》背后的制作公司成都灵泽科技有限公司（以下简称"灵泽 科技"）成立于2016年。官网显示，多年以来，灵泽科技一直致力于探索前沿科技和人文精 神的有机结合，坚持以自创产品为研发核心，从玩家出发，从本心出发，为玩家创造出更高 品质的主机游戏及VR游戏。 天眼查显示，灵泽科技目前实控人为姜敏，控制了公 ...

当地时间7月22日，美股三大指数涨跌不一，英伟达跌超2%，单日市值蒸发1061.4亿美元 （折合人民币约7615.64亿元）。 中概股表现强势， 纳斯达克中国金龙指数大涨1.70%，盘中一度创下今年3月底以来新高。 大全新能源涨超16%，蔚来涨逾10%，小马智行涨超8%。 | 3 | 纳斯达克中国金龙指数(HXC) | | | | --- | --- | --- | --- | | | 7838.01 131:20 1.70% | | | | 资料 | 成分 HH | | 相关系 | | 名称 | | 现价 | 涨跌幅= | | 大全新能源 | | 24.595 | 16.79% | | DO.N | | | | | | | 5.005 | 10.73% | | NIO.N | | | | | 小马飞行 | | 13.990 | 8.62% | | PONYO | | | | | 再開展的 | | 37.000 | 6.75% | | ZLAB.O | | | | | 量科能源 | | 24,770 | 5.67% | | JKS.N | | | | | 小牛电动 | | 3.800 | 5.56% | | ...