南向资金今日净买入3.87亿元。港股通（沪）方面，美团-W、阿里巴巴-W分别获净买入9.23亿港元、 8.55亿港元；盈富基金净卖出额居首，金额为9.81亿港元；港股通（深）方面，阿里巴巴-W、美团-W 分别获净买入5.56亿港元、2.08亿港元；恒生中国企业净卖出额居首，金额为5.45亿港元。 ...

采写：南都记者 杨柳 今年3月26日，成立于2月5日的它石智航完成天使轮1.2亿美元融资，一举创下中国具身智能行业天使轮 最大融资额纪录，引起市场热议。该轮融资由蓝驰创投、启明创投共同领投，线性资本、恒旭资本、洪 泰基金、联想创投、襄禾资本、高瓴创投跟投。 不少业内人士提到，在具身智能前景不够明晰的情况下，投资机构尤为看重创始人的身份背景。 公开信息显示，它石智航的创业团队出身智驾领域，属于资本青睐的类型。它石智航创始人兼 CEO陈 亦伦曾任华为自动驾驶CTO；作为联合创始人和首席科学家的丁文超，曾从0到1主导华为智驾端到端决 策网络；首席架构师陈同庆，此前担任华为ADS（高级驾驶系统）智能导航部部长；董事长李震宇曾任 百度智能驾驶事业群总裁，是中国无人驾驶领军人物。 它石智航目前并未公开成型的产品。丁文超曾介绍，公司从一开始就做机器人算法和本体的全栈布局， 目的是构建可信赖的AI机器人解决方案。其中的技术核心是"AI世界引擎"（AI World Engine），丁文超 将其称为具身版的GPT模型。他介绍，"AI世界引擎"主要预测两个关键因素：第一是看到某个场景后采 取什么样的行动；第二是建立一个模型，模拟行 ...

Market Overview - The Hong Kong stock market saw significant gains, with the Hang Seng Index rising 1.09% and the Hang Seng Technology Index leading with a 1.84% increase, surpassing the 24,000-point mark [1] - Major technology stocks experienced collective gains, with Kuaishou up 5.16%, Baidu up 3.55%, and Meituan, Xiaomi, and JD.com all rising over 2% [5][6] Sector Performance - The securities and brokerage sector saw substantial increases, particularly Victory Securities and Guotai Junan, which surged over 33% and 28.5% respectively [3][9] - The gambling sector continued its upward trend, with Jinyi Holdings rising over 14% and Wynn Macau increasing by over 6% [7] - The solar energy sector remained active, with Shunfeng Clean Energy soaring over 30% and several other companies in the sector also posting significant gains [8] - The semiconductor sector also saw positive movement, with SMIC rising over 3% [12] Specific Stock Movements - In the technology sector, notable performers included Kuaishou (up 5.16%), Baidu (up 3.55%), and JD Health (up 3.94%) [5][6][11] - In the gambling sector, Jinyi Holdings rose 14.25%, while Wynn Macau increased by 6.40% [7][16] - The solar energy sector saw Shunfeng Clean Energy increase by 30.43%, with other companies like Sunshine Energy and New Special Energy also showing strong performance [8] - The securities sector had strong gains, with Zhongzhou Securities and Huatai Securities both rising over 4% [9][10] Market Sentiment and Future Outlook - The market sentiment appears positive, driven by strong performances in technology, securities, and renewable energy sectors, although concerns remain regarding liquidity and geopolitical uncertainties [21][22] - Long-term prospects for the Hong Kong market remain strong, particularly in sectors like internet, new consumption, and innovative pharmaceuticals, which are considered relatively scarce [22]

Core Viewpoint - The ongoing competition in the food delivery sector is impacting the stock prices of major Hong Kong internet companies, leading to fluctuations in the Hang Seng Tech Index, which is heavily weighted by these companies [1][2]. Group 1: Market Competition - The "food delivery war" intensified in April when JD.com entered the market, prompting Meituan and Taobao to increase their subsidy efforts [2]. - Major players like Meituan, JD.com, and Alibaba are engaged in a mixed battle of "instant retail + e-commerce + services," leading to increased subsidies for delivery riders, consumers, and merchants, which may pressure their revenues [2][3]. - Meituan, despite its strong position in the food delivery market, has faced prolonged losses before becoming profitable post-IPO, indicating potential for renewed losses amid heightened competition [2][3]. Group 2: Financial Performance and Investment Considerations - The depth of a company's "moat" will be crucial for investors when evaluating tech stocks in Hong Kong, as companies with a deeper moat are likely to reflect better financial metrics like return on equity [2]. - The current business model lacks a sufficiently deep moat, leading to intensified competition across different scenarios [3]. - Future stock price recovery for these companies may depend on improvements in the e-commerce sector, particularly through subsidy policies for durable consumer goods, although this is expected to have more short-term effects [3].

金融界7月8日消息，上证指数高开高走，中证金砖国家（香港）60DR指数 (金砖DR（HK），H30135) 报1651.37点。 数据统计显示，中证金砖国家（香港）60DR指数近一个月下跌0.72%，近三个月上涨14.45%，年至今 上涨12.89%。 据了解，中证金砖国家60DR指数选取具有一定规模和流动性的上交所、深交所与北交所市场证券，以 及在纽交所、伦交所、NASDAQ等发达市场上市的巴西、俄罗斯、印度和南非等国公司证券作为指数 样本。中证金砖国家（香港）60DR指数选取具有一定规模和流动性的在香港交易所上市的中国内地公 司证券，以及在纽交所、伦交所、NASDAQ等发达市场上市的巴西、俄罗斯、印度和南非等国公司证 券作为指数样本，以反映相关市场证券的整体走势。该指数以2005年12月30日为基日，以1000.0点为基 点。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。每次调整的样本比例一般不超过10%。样本调整设置缓冲区，排名在前48名的新样本优先进入 指数，排名在72名之前的老样本优先保留。定期调整时，根据样本空间内未入选证券的日均总市值由高 ...

Group 1 - The core viewpoint emphasizes the need for investors to assess the depth of the "moat" of target companies, particularly in the context of the ongoing competition among major players in the Hong Kong food delivery market [1] - The three major Hong Kong internet giants, Alibaba, Meituan, and JD Group, have seen their stock prices decline due to intensified competition in the food delivery and e-commerce sectors, with their respective weights in the Hang Seng Tech Index being 7.63%, 7.33%, and 6.89% [1] - The "food delivery war" began in April when JD entered the market, leading to increased subsidies from Meituan and Alibaba, which may pressure their revenues and stock prices [2] Group 2 - The competition in the food delivery sector is likened to a price war, but with the potential for companies to leverage artificial intelligence to enhance efficiency and deepen their moats [2] - The resilience of the industry will be tested as Meituan expands its offerings, impacting the core e-commerce businesses of JD and Alibaba [3] - Future stock price recovery for these companies may depend on the improvement of the industry environment and the development of artificial intelligence to enhance operational processes [3]

Core Viewpoint - The competition in the food delivery market is intensifying, with major players like Meituan and Alibaba engaging in a "subsidy war" to attract consumers and expand the instant retail market [1][2]. Group 1: Market Dynamics - Meituan and Alibaba are offering unprecedented subsidy levels to drive consumer engagement and increase order volumes, particularly in the beverage sector [1][2]. - As of July 5, Meituan reported over 1.2 billion orders in a single day, with more than 1 billion of those being food delivery orders [2]. - The competition has led to significant stock price increases for beverage companies, with notable gains for brands like Tea Baidao (up 11.04%) and Nayuki (up 3.95%) [2]. Group 2: Strategic Focus - The current subsidy strategy is aimed at not just acquiring new users but also activating existing demand, focusing on high-frequency consumption scenarios like fresh produce and daily necessities [2][4]. - Alibaba's Taobao Flash and Ele.me reported a surge in daily orders from over 10 million to 80 million within two months, indicating rapid growth in the instant retail sector [3]. Group 3: Long-term Considerations - Industry experts emphasize the importance of customer retention over time, noting that high subsidies cannot be sustained indefinitely [4]. - Future competition will likely hinge on factors such as fulfillment efficiency, supply chain capabilities, service quality, and ecosystem development, which are crucial for retaining users [4].

Group 1 - The A-share market experienced a steady upward trend in the first week of July, with major indices generally rising and the banking sector reaching new highs [1] - The People's Bank of China issued new anti-money laundering regulations for precious metals and gemstones, requiring institutions to fulfill obligations for cash transactions over 100,000 yuan, which has limited impact on ordinary consumers [1] - Taobao launched a 500 billion yuan subsidy plan to stimulate consumer and merchant spending, resulting in significant increases in business for restaurant chains and small merchants [1] Group 2 - The consumption sector is currently at a historical low in valuation, with government reports emphasizing consumption and plans for long-term special bonds to support consumption upgrades [1] - The domestic consumption theme index rose by 1.15%, slightly outperforming the CSI All Share Index, with significant gains in agriculture, home appliances, and food and beverage sectors [1] - The consumption sector's trading volume decreased, with a year-on-year drop of 14.29%, and the domestic consumption theme index's price-to-book ratio is at 3.4 times, indicating a slight valuation increase [1]

7月8日，港股茶饮股再度拉升，截至发稿，茶百道涨超15%，奈雪的茶涨超8%，古茗涨超5%，沪上阿 姨涨超2%。 7月5日至7月6日，阿里、美团外卖大战白热化。两个平台分别发放外卖大额券，其中包括"满25减 21""满25减20""满16减16"等多张无门槛的外卖券。 东吴证券指出，本次外卖大战，各主要平台优惠券针对的价格带主要是20元左右，这常常是茶饮和低价 快餐所处的价格带；而对于50元左右高单价则优惠力度不明显。外卖茶饮龙头有望从中受益。 来源：第一财经 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 李 斌：蔚来的钱都亏在明处，资产负债表非常干净 永辉超市：禁止任何员工私自推荐供应商 7月5日，"美团崩了"登上热搜。7月5日夜间，美团发布了战报，表示截至当日22时54分，美团即时零售 当日订单已经突破了1.2亿单。其中，餐饮订单已超过1亿单。 在此背景下，多家茶饮店迎来爆单。奈雪的茶方面数据显示，7月5日至7月6日周末两天外卖订单破峰 值，两天突破100万单，环比增长50%，单店最高环比增长230%。 ...

金十图示：2025年07月08日（周二）全球主要科技与互联网公司市值变化 | 因另 | 847 | 0.14% | 133.03 | | --- | --- | --- | --- | | Airbnb | 842 | 0.37% | 137 | | Robinhood | 824 | + -1% | 93.46 | | 飞塔信息 | 816 | 1 0.94% | 106.65 | | CoreWeave | 792 | -3.33% | 159.7 | | Constellation Software | 776 | -0.12% | 3659.59 | | 山川 易昆尼克斯 | 769 | 1.26% | 777.12 | | Foxconn (Hon UHDOXD Hai Precision Industry) | 759 | -1.24% | 5.47 | | >04 Snowflake | 753 | 1.94% | 225.79 | | Paypal | 744 | 0.54% | 76.18 | | Media Tek | 693 | -1.17% | 43.52 | | 欧特克 | 677 ...