来源丨央视新闻 编辑丨黎雨桐 字节将卖掉沐瞳，金额或超414亿元 光伏大佬李兆廷被拘留，身家曾超200亿元 蛇年A股第一牛股，狂飙1836% SFC 21君荐读 2月13日，市场监管总局约谈阿里巴巴、抖音、百度、腾讯、京东、美团、淘宝闪购等平台企 业，要求有关平台企业严格遵守《中华人民共和国反不正当竞争法》《中华人民共和国价格 法》《中华人民共和国消费者权益保护法》《中华人民共和国电子商务法》等法律法规规定， 主动落实主体责任，进一步规范平台促销推广行为。提醒相关平台企业要杜绝各种形式的"内 卷式"竞争，共同维护公平竞争市场环境，促进平台经济创新和健康发展。 ...

2月13日，市场监管总局约谈阿里巴巴、抖音、百度、腾讯、京东、美团、淘宝闪购等平台企业，要求 有关平台企业严格遵守《中华人民共和国反不正当竞争法》《中华人民共和国价格法》《中华人民共和 国消费者权益保护法》《中华人民共和国电子商务法》等法律法规规定，主动落实主体责任，进一步规 范平台促销推广行为。提醒相关平台企业要杜绝各种形式的"内卷式"竞争，共同维护公平竞争市场环 境，促进平台经济创新和健康发展。（央视新闻） ...

要求有关平台企业严格遵守《中华人民共和国反不正当竞争法》《中华人民共和国价格法》《中华人民 共和国消费者权益保护法》《中华人民共和国电子商务法》等法律法规规定，主动落实主体责任，进一 步规范平台促销推广行为。提醒相关平台企业要杜绝各种形式的"内卷式"竞争，共同维护公平竞争市场 环境，促进平台经济创新和健康发展。（央视新闻） 2月13日，市场监管总局约谈阿里巴巴、抖音、百度、腾讯、京东、美团、淘宝闪购等平台企业。 ...

Group 1 - The State Administration for Market Regulation (SAMR) held discussions with major platform companies including Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Shanguo, emphasizing the need to comply with various laws such as the Anti-Unfair Competition Law, Price Law, Consumer Rights Protection Law, and E-commerce Law [1] - SAMR urged these platform companies to take proactive responsibility and further standardize promotional activities on their platforms [1] - The regulatory body reminded the relevant platform companies to eliminate all forms of "involution" competition to maintain a fair competitive market environment, promoting innovation and healthy development in the platform economy [2]

责任编辑：常福强 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2月13日，市场监管总局约谈阿里巴巴、抖音、百度、腾讯、京东、美团、淘宝闪购等平台企业，要求 有关平台企业严格遵守《中华人民共和国反不正当竞争法》《中华人民共和国价格法》《中华人民共和 国消费者权益保护法》《中华人民共和国电子商务法》等法律法规规定，主动落实主体责任，进一步规 范平台促销推广行为。提醒相关平台企业要杜绝各种形式的"内卷式"竞争，共同维护公平竞争市场环 境，促进平台经济创新和健康发展。 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 责任编辑：常福强 2月13日，市场监管总局约谈阿里巴巴、抖音、百度、腾讯、京东、美团、淘宝闪购等平台企业， ...

2月13日，市场监管总局约谈阿里巴巴、抖音、百度、腾讯、京东、美团、淘宝闪购等平台企业，要求 有关平台企业严格遵守《中华人民共和国反不正当竞争法》《中华人民共和国价格法》《中华人民共和 国消费者权益保护法》《中华人民共和国电子商务法》等法律法规规定，主动落实主体责任，进一步规 范平台促销推广行为。提醒相关平台企业要杜绝各种形式的"内卷式"竞争，共同维护公平竞争市场环 境，促进平台经济创新和健康发展。 （文章来源：央视新闻客户端） ...

新华社深圳2月14日电 题：城市天空的无人机规划员：夜空作画，云端守航 年节是赵智泓和同事们最忙碌的时候，有时一个假期要转场全国好几个地方，为当地演出提供技术支 持。一场不到半小时的表演看似简单，除了前期的造型设计，还需大量的技术细节把握。 记者了解到，对规模大、难度高、场地复杂的项目，例如三面环山、高楼林立等施展空间受限的场地， 需要提前优化飞行路线；冬季表演时可能出现大风、降雪、低温等恶劣天气，需要提前设计好应对方 案；此外还有肉眼看不见的电磁干扰，也需要我们密切监测，适时调整飞行计划。 来自深圳市发展和改革委员会的数据显示，2025年，深圳低空经济与空天产业集群增加值350.61亿元， 同比增长31%。 新华社记者毛思倩 不久前在深圳龙岗完成无人机编队表演的赵智泓，收拾行囊准备前往江苏，筹备下一场新春"大秀"。 2025年，人力资源社会保障部17个新职业发布，让赵智泓有了自己的新职业，成为无人机群飞行规划 员。 那次龙岗区的表演，约2800架无人机在夜色中勾勒出奔马、灯笼、龙岗地图等图案，湖面上，灯笼和孔 明灯造型的无人机飘逸摆动，点点灯光与空中的图案相映成趣，为市民带来了一场科技感与氛围感拉满 的视觉 ...

Core Viewpoint - Meituan is expected to report a significant loss of 233-243 billion yuan for the fiscal year 2025, a staggering drop of approximately 600 billion yuan compared to the previous year, indicating severe financial distress in the face of intense competition from rivals like Alibaba and Pinduoduo [2][35]. Group 1: Competitive Landscape - The competitive landscape is dominated by major players such as Alibaba, Tencent, and ByteDance, all investing heavily in AI-driven marketing strategies, which have rendered traditional marketing methods less effective [32][34]. - Meituan's market share in the food delivery sector has plummeted from 70% in 2024 to 50% in 2025, while Alibaba's share has risen from 30% to 42%, nearly matching Meituan [12][44]. - The entry of JD.com into the food delivery market has further intensified competition, with JD's daily orders surpassing 2.5 million and a projected market share of 33.5% [11][44]. Group 2: Strategic Moves and Market Dynamics - The return of Alibaba's executive Jiang Fan in June 2025 has been pivotal, as he has restructured Alibaba's operations to enhance its competitive edge, particularly in the food delivery segment [5][42]. - Alibaba's aggressive marketing strategies have successfully tapped into lower-tier cities, significantly increasing order volumes from these regions, which has been crucial for its growth [18][48]. - The overall food delivery market has seen a surge in daily orders from 1 billion to over 2 billion, driven by substantial investments and subsidies from the leading companies [13][45]. Group 3: Financial Metrics and Marketing Efficiency - Meituan's customer acquisition cost ranges from 25-35 yuan per person, while Alibaba's AI-driven approach reduces this cost to 8-15 yuan, showcasing a stark efficiency gap [52]. - The conversion rate for Meituan is only 3-5%, compared to Alibaba's 8-12%, indicating that Alibaba's strategies are yielding better results [52]. - Meituan's stock price has dropped from over 100 Hong Kong dollars at the beginning of 2025 to around 82.5 Hong Kong dollars by February 2026, reflecting investor concerns over its declining market position [50].

Group 1 - Meituan expects a net loss of approximately RMB 233 billion to RMB 243 billion for the fiscal year ending December 31, 2025, a stark contrast to a net profit of RMB 358.08 billion in 2024, indicating a significant reversal of nearly RMB 600 billion [9][11][24] - The primary reason for this drastic change is the expected operating loss of RMB 68 billion to RMB 70 billion in its core local business segment, which had an operating profit of approximately RMB 524.15 billion in 2024 [11][26][28] - The company attributes this loss to intensified competition in the industry and a strategic increase in ecosystem investments, which include enhanced marketing efforts, rider incentives, and resource allocation to improve operational efficiency [13][26][28] Group 2 - Meituan's stock price has dropped 22.5% since its peak in January, closing at HKD 82.5 on February 13, with its market capitalization briefly falling below HKD 500 billion [7][22] - The company anticipates that the trend of losses will continue into the first quarter of 2026, although it maintains that its operational status remains stable and it has sufficient cash to support business development [13][28] - The Hang Seng Technology Index, which includes Meituan and other internet companies, has seen a decline of 6.26% since February, reflecting broader market challenges [28][29]

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