Trade Policy - The US President stated that all tariffs remain in effect [1] - The US President believes that revoking tariffs would be a complete disaster [1] - The US Treasury Secretary warned that removing tariffs would create a "dangerous diplomatic embarrassment" [1]

美国上诉法院裁定特朗普政府征收的全球关税多数不合法，法院认为他在征收这些关税时超越了自己的权限。华盛顿的一个法官小组周五维持了国际贸易法院先前的一项裁决，认为特朗普错误地援引了紧急法律来实施关税。不过，上诉法院同意在10月14日前不执行该裁决，以便给特朗普政府时间向最高法院上诉。 https://t.co/9SnRPgVNng ...

AI Model Development & Chip Strategy - DeepSeek has decided to use Huawei's AI chips to train some of its models, reducing reliance on Nvidia chips [1] - This decision follows pressure from the Chinese government on domestic tech companies [1] - DeepSeek's R2 model release was delayed, potentially related to the use of Huawei's Ascend chips [1] Collaboration & Challenges - Huawei sent a team of engineers to DeepSeek to assist with Ascend chip integration, but initial efforts were unsuccessful [1] - DeepSeek is still working with Huawei to make the model compatible with Ascend chips for inference [1] - Liang Wenfeng internally expressed dissatisfaction with the progress of R2 [1]

阿里巴巴蒋凡表示，预计未来会有百万家品牌线下、门店进入淘宝闪购，天猫跟淘宝闪购的结合会给品牌商带来新的生意增长，也给消费者带来全新的购物体验。综合来看，预计在未来三年内闪购跟即时零售为平台带来1万亿的新增成交。 ...

阿里巴巴：已累计投入超过1000亿元人民币用于人工智能基础设施及AI产品研发。外汇交易员 (@myfxtrader):阿里巴巴第一财季营收2476.5亿元人民币，同比增长1.8%，预估2531.7亿元。调整后净利润335.1亿元，同比下降18%，预估384.4亿元。调整后每ADS收益14.75，上年同期16.44元，预估15.92元。调整后EBITDA457.4亿元，同比下降11%，预估520.9亿元。 https://t.co/5v7wFn6mbs ...

阿里巴巴集团CEO吴泳铭表示，“我们大力投资即时零售业务，快速取得阶段成果，赢得消费者心智。我们通过整合消费平台，产生显著协同效应，带动月度活跃消费者及日订单量创新高。”财报显示，阿里巴巴中国电商集团客户管理收入达892.52亿元，同比增长10%，超过分析师预期；淘宝闪购快速取得阶段成果，8月前三周带动淘宝app的月度活跃用户同比增长25%，电商业务月度活跃消费者和日订单量持续创新高。外汇交易员 (@myfxtrader):阿里巴巴公告，截至2025年6月30日止三个月，即时零售业务收入为人民币147.84亿元（2064 百万美元），相较2024年同期的人民币131.96亿元增长12%，主要是得益于2025年4月底推出的“淘宝闪购”所带来的订单量增长。 ...

阿里巴巴公告，截至2025年6月30日止三个月，即时零售业务收入为人民币147.84亿元（2064 百万美元），相较2024年同期的人民币131.96亿元增长12%，主要是得益于2025年4月底推出的“淘宝闪购”所带来的订单量增长。4月底在淘宝app上推出“淘宝闪购”服务，以满足消费者对餐饮、日用品、电子产品和服装等多个品类商品的实时配送需求。该举措也强化了淘宝App在中国电商行业的领先地位。在实时零售的大幅投入，旨在建立实时零售的消费者心智和扩大业务规模，在8月前三周带动淘宝App的月度活跃消费者同比增长25%。作为实时零售战略的一部分，阿里巴巴扩大了非餐商品的供给和相应的前置仓覆盖。 ...

Financial Performance - Alibaba's first fiscal quarter revenue was 247650 million RMB, a year-on-year increase of 1.8% [1] - Adjusted net profit was 33510 million RMB, a year-on-year decrease of 18% [1] - Adjusted earnings per ADS was 14.75 RMB, compared to 16.44 RMB in the same period last year [1] - Adjusted EBITDA was 45740 million RMB, a year-on-year decrease of 11% [1] Market Expectations vs Actual - Revenue was below the estimated 253170 million RMB [1] - Adjusted net profit was below the estimated 38440 million RMB [1] - Adjusted earnings per ADS was below the estimated 15.92 RMB [1] - Adjusted EBITDA was below the estimated 52090 million RMB [1]

AI Chip Development - Alibaba developed a new AI chip to address the gap left by Nvidia in the Chinese market [1] - The new chip is currently in testing and designed for broader AI inference tasks, with compatibility with Nvidia [1] - Due to sanctions, the new chip's manufacturing shifted from TSMC to a domestic Chinese company [1] Competitive Landscape - Alibaba has not ordered chips from Huawei, viewing Huawei as a direct competitor in the cloud service sector [1]

Financial Performance - Huawei's first-half revenue reached 427 billion CNY [1] - Huawei's first-half net profit was 37 billion CNY, lower than the first half of 2024 (546 billion CNY) [1] Research and Development - Huawei's first-half R&D investment was 96.9 billion CNY, higher than the first half of 2024 (88.9 billion CNY) [1]