Market Performance - A-shares experienced a strong upward trend on the last trading day of the Year of the Tiger, with the Shanghai Composite Index reaching a new high in the current rebound, closing up 0.76% at 3264.81 points [1] - The total trading volume in the two markets was 749.1 billion yuan, an increase of approximately 62 billion yuan compared to the previous day [1] - Northbound funds continued to buy heavily, with a net purchase of over 9 billion yuan today, marking the 13th consecutive day of accumulation, totaling 48.5 billion yuan for the week, which is the second-highest weekly net purchase on record [1] Sector Performance - Cyclical sectors such as non-ferrous metals, coal, steel, oil, and electricity saw collective gains, with notable performances in rare earth and gold concepts, including stocks like China Rare Earth and Yintai Gold hitting the daily limit [2] - New energy sectors, including lithium mining, lithium batteries, energy storage, wind power, and photovoltaics, also performed strongly, with Rongjie shares rising over 8% and Sunshine Power increasing over 7%, bringing its latest market value to 190.9 billion yuan [2] - The telecommunications sector saw all three major operators rise significantly, with China Telecom hitting the daily limit and China Unicom increasing by about 7% [2] Hong Kong Market - The Hong Kong stock market saw a strong rally, with the Hang Seng Index rising nearly 2% to surpass 22,000 points, closing up 1.82% at 22044.65 points, marking a six-month high [2] - The Hang Seng Technology Index increased by 2.67% to 4568.79 points, with individual stocks like New Oriental Online rising over 10% to set a new historical high [2]

【纠错】 【责任编辑:黄海荣 】 根据美团2023年三季报显示，报告期内，公司实现收入765亿元，同比增长22.1%；实现净利润35.9亿 元，同比增长195.3%；经调整净利润为57.3亿元，同比增长62.4%。 美团CEO王兴曾在2023年三季报电话会上称，管理层对公司的长期增长潜力有十足信心，目前股价只反 映了单一的业务价值，会在考虑业务的投资机会、现金流以及市场状况等因素后进行回购。美团CFO陈 少晖在展望四季度时也表示，"预计餐食外卖业务营收的同比增速将低于第三季度，闪购业务营收的同 比增速（与三季度相比）将持平，但两个业务的客单价都会出现下降"。 不过，三季报发布后，美团的股价仍一路走低。此前有多家机构发布研报指出，考虑到竞争格局影响及 新业务投入，美团到店业务或短期承压，利润率也可能受到影响。 1月17日，港股美团大跌6.97%，报68.75港元/股，已跌破发行价（上市发行价69港元），创四年来新 低，当前总市值为3947亿港元，较巅峰时期的2.6万亿港元跌去八成以上。 2023年，美团股价累计下跌了53.7%，2024年开年以来仅12个交易日内，又下跌超15%。 面对股价下跌，美团近期抛出大手 ...

Core Insights - The restaurant industry is experiencing a resurgence due to a renewed competition in the food delivery market, driven by major platforms like JD.com, Taobao, and Meituan increasing subsidies and enhancing their services [1][6][12] - This competition is not merely a zero-sum game but is expanding the market by activating new consumer segments and increasing overall demand [15][24] Industry Overview - The restaurant sector has faced significant challenges over the past two years, including a decline in customer spending and rising costs, leading to a growth bottleneck [6][19] - The entry of JD.com into the local lifestyle market and the upgrade of Taobao's "hourly delivery" to "Taobao Flash Purchase" have disrupted the existing market dynamics [1][12] Competitive Landscape - The competition among the three major platforms has intensified, focusing on user subsidies, merchant support, and fulfillment efficiency, leading to a surge in daily order volumes [1][7] - The new competition has allowed restaurants to regain market choice and operational power, breaking the previous single-channel ecosystem [12][14] Impact on Restaurants - Established brands like Jinbaiwan and Hehegu have reported significant increases in order volumes due to the subsidies, with Jinbaiwan's daily orders rising from 1,800 to over 3,500 [8][10] - New brands like Yixin Rice Ball have also benefited, with their order volumes increasing significantly, demonstrating the effectiveness of the subsidy-driven growth [8][21] Consumer Behavior - The influx of subsidies has attracted new customers, particularly among younger demographics, indicating a shift in consumer behavior and preferences [15][24] - The platforms' strategies have lowered barriers for new consumers, expanding the potential customer base beyond traditional users [15][16] Long-term Strategy - Restaurants are viewing the current subsidies as strategic investments for long-term brand exposure rather than short-term price cuts [10][20] - The focus is shifting towards optimizing internal operations and enhancing customer experience to convert new users into loyal customers [21][22] Future Outlook - The competition is expected to drive a supply-side reform in the restaurant industry, pushing businesses to adapt and innovate in response to changing market dynamics [24][25] - The emphasis on multi-platform strategies is likely to continue, fostering a more transparent and competitive market environment that benefits both consumers and merchants [12][14]

Core Viewpoint - The recent resurgence of the food delivery market, driven by intense competition among major platforms like JD, Taobao, and Meituan, is reshaping the industry landscape and providing both opportunities and challenges for restaurant businesses [1][6][27]. Group 1: Market Dynamics - The food industry has recently emerged from a challenging period, with many businesses facing growth bottlenecks due to a prolonged "winter" marked by rising costs and declining consumer demand [7][8]. - The competition among platforms has reignited consumer demand, leading to a significant increase in order volumes, with some businesses reporting over 100% growth in orders within a month [8][9]. - The entry of JD into the local life sector and the upgrade of Taobao's "hourly delivery" to "Taobao Flash Purchase" have intensified the competition, resulting in aggressive subsidy strategies from all major players [1][12]. Group 2: Business Impact - Established brands like Jinbaiwan and Hehegu have experienced a notable increase in their delivery order volumes, with Jinbaiwan reporting a 90% growth in daily orders after joining Taobao Flash Purchase [9][10]. - New brands such as Yixin Rice Ball have leveraged the subsidy-driven demand to accelerate their market penetration, with some new stores achieving order volumes of 7,000 in their first month [10][11]. - The influx of orders has prompted businesses to optimize their operations, with many adopting more efficient management practices and enhancing their supply chain strategies to handle increased demand [23][24]. Group 3: Strategic Shifts - The current competitive landscape has forced restaurant operators to rethink their approach to delivery, recognizing it as a critical revenue stream rather than a supplementary service [21][22]. - Businesses are increasingly viewing subsidies as strategic investments for long-term brand exposure and customer acquisition, rather than just short-term financial incentives [11][25]. - The multi-platform competition has restored market choice and bargaining power to restaurant operators, allowing them to negotiate better terms and optimize their participation in promotional activities [14][17]. Group 4: Consumer Engagement - The competition has not only activated existing consumer demand but has also expanded the market by attracting new customer segments, particularly younger consumers [18][19]. - Research indicates that promotional activities on platforms like Taobao Flash Purchase have significantly boosted not only food delivery but also retail consumption, demonstrating the broader impact of these initiatives [18][19]. - The evolving consumer landscape necessitates that businesses focus on enhancing customer experience and product quality to convert new customers into loyal patrons [11][24]. Group 5: Future Outlook - The ongoing competition is seen as a catalyst for supply-side reforms in the restaurant industry, pushing businesses towards digital transformation and operational efficiency [25][26]. - Companies are encouraged to build healthier relationships with delivery platforms, ensuring that their operational capabilities align with promotional strategies to avoid potential pitfalls [25]. - The ultimate success in this evolving market will depend on the ability of businesses to adapt, innovate, and maintain a long-term perspective amidst the rapid changes in consumer behavior and market dynamics [28][29].

格隆汇8月12日｜8月12日，美团外卖正式启动"堂食提振"计划，首批将向全量会员发放进店消费券。美 团此前已宣布启动小店助力金计划，将为餐饮小店发放最高5万元的助力金。在今年立秋期间，首批助 力金已经送达商家手中。 ...

Core Insights - Meituan Waimai has officially launched the "Dine-in Boost" plan, which will distribute in-store consumption vouchers to all members [1] - Previously, Meituan announced the "Small Shop Support Fund" plan, providing up to 50,000 yuan in support funds to small dining establishments [1] - The first batch of support funds has already been delivered to merchants during this year's autumn season [1]

Group 1 - The core viewpoint of the article is that Meituan Waimai has launched a "dine-in boost" plan, which includes issuing in-store consumption vouchers to all members [1] - Meituan has previously announced the launch of a small shop support fund, providing up to 50,000 yuan in support funds for small dining establishments [1] - The first batch of support funds has already been delivered to merchants during the beginning of autumn this year [1]

8月7日-9日，在"秋天的第一杯奶茶"、"88会员日"、"大会员体系"、"超级星期6"等各种促销活动以及居 民楼办公楼商场车站随处可见的橙色广告（淘宝闪购等广告）的共同推动下，淘宝闪购的日订单量连续 在这三天都超过了1亿单。 《晚点》在其报道中指出，不过，双方统计日订单量的口径并不统一。 美团的口径是完成履约的订单，即当天配送到消费者手中的订单；淘宝闪购的口径是完成交易的订单， 即当天消费者支付的订单，这其中也会包括预约第二天配送的订单。而那些奶茶店最后倒掉的饮料，或 者消费者付款后迟迟收不到货然后退款的订单，在美团和淘宝闪购都属于无效订单，不被统计在总单 量。 据《晚点LatePost》报道，8月8日和8月9日两日，淘宝闪购的日订单量份额首次超过美团。 《晚点》在其文章中表示，在8月7日立秋这天，淘宝闪购的日订单量在当天20点就创下了新纪录，但这 一天的日订单量，美团仍比淘宝闪购多出了约2000万单。 ...

鹿晗工作室称美团活动侵犯人格权 近日，美团App内出现点外卖看鹿晗演唱会相关活动信息，鹿晗亚洲巡演官方微博发文辟谣："如下某 平台活动及话题，均非我方及鹿晗先生官方授权合作，已侵犯鹿晗先生的人格权及我方对该演唱会的独 家合法权益。对此我方已完成取证，并保留依法追诉的权利。在此也提醒广大消费者，勿轻信此类未经 授权的营销信息，谨防权益受损。 " 东北雨姐账号将于10月解封 8月9日，曾因虚假宣传被处罚的网红东北雨姐沉寂近一年后在微博更新动态。8月11日，本溪满族自治 县互联网信息办公室工作人员回应称，东北雨姐的抖音账号将于今年10月解封，整改到位后理论上可继 续从事直播带货。但必须遵守相关规定，网信办及市场监督部门也将对其进行持续监管。 特斯拉续航最强车型开卖 阿里首位程序员离职 互联网坊间八卦获悉，阿里"扫地僧"蔡景现已离职，其在阿里内外平台状态显示为"退隐江湖"。从2000 年8月1日至2025年8月1日，蔡景现在阿里度过了整整25年的时光。蔡景现花名"多隆"，是阿里首位程序 员，作为淘宝初创团队核心工程师，主导构建淘宝交易与论坛系统。因专注高效的工作风格被内部誉 为"码神"。 科技媒体 9to5Mac发布 ...

不过双方统计日订单量的口径并不统一。美团的口径是完成履约的订单，即当天配送到消费者手中的订 单；淘宝闪购的口径是完成交易的订单，即当天消费者支付的订单，这其中也会包括预约第二天配送的 订单。据统计，8月7日当天淘宝闪购的预约单占比接近10%。 责任编辑：李昂 8月11日，有媒体发文称，8月7日-9日，在 "秋天的第一杯奶茶""88 会员日""大会员体系""超级星期6 " 各种促销活动以及居民楼办公楼商场车站随处可见的橙色广告的共同推动下，淘宝闪购的日订单量连续 在这三天都超过了1亿单。据了解，8月8日和8月9日，这两天淘宝闪购的日订单量份额首次超过了美 团。 对此，新浪科技向淘天求证。淘天对此不予置评。 此外，7月，淘宝闪购花在商家端、消费者端、骑手端的补贴共计超过100亿元，而美团同期花的钱大约 是阿里的1/3-1/2—— 截至2024年底，阿里账上有3600多亿的现金储备（现金 + 短期投资），美团只有 1600多亿，而阿里2024年净利润是美团的三倍多 —— 美团会在尽可能控制费用的同时保证效率，做好 打持久战的准备。 ...