外卖大战步入下半场 今年盛夏，外卖大战在千亿级资本的碰撞中，迎来了历史性变革，而外卖大战也开始进入下半场，开启 新一轮的竞争。 日前，美团官方宣布，美团即时零售日订单量已突破1.2亿单，其中，餐饮订单量超1亿单。此后不久， 淘宝闪购也传来捷报，日订单量超8000万，非餐饮订单超1300万。同时，淘宝闪购日活跃用户超过2 亿，平台活跃度和用户粘性得到了极大提升。 具体来看，盒马作为新零售的领军者，扩张极为迅猛。截至目前，盒马鲜生已经开设超430家门店，而 盒马NB的门店数量也超300家。同时，盒马CEO严筱磊表示，盒马新财年还将持续狂奔，计划在2025年 开近100家门店，进驻几十个新城市。 京东七鲜在京津地区也实现了快速扩张。公开信息显示，京东七鲜在北京的线下门店已有28家，在天津 有10家。而且，京东七鲜计划在今年年底前在北京实现100个店仓全覆盖。近期，京东七鲜还与天津嘉 里汇签约，将在天津再添一家商场门店。 小象超市作为美团的自营零售业务，目前已经在全国范围内开设了18座城，总计开仓数量已超过800 个。在此基础上，小象超市还将继续扩大覆盖范围，逐步拓展到所有一二线城市，进一步提升自己的市 场影响力。 ...

Group 1 - xAI has launched Grok 4, claiming it to be the world's strongest AI model, achieving a performance level equivalent to a PhD in handling academic issues [1] - The new model Grok 4 is a significant upgrade from its predecessor Grok 3, skipping version 3.5, and is reported to be smarter than human graduate students across various disciplines [1] - Keling AI has introduced the Ketu 2.1 model, which features enhanced instruction-following capabilities, impressive image aesthetics, and over 180 different response styles, available for free to all members for seven days [1] Group 2 - European defense startup Helsing claims its AI system has accumulated the equivalent of 1 million pilot hours of experience in just 72 hours, indicating rapid advancements in AI-controlled combat aircraft [2] - U.S. power suppliers are seeking significant rate increases due to the surge in demand from AI data centers, with a reported 142% increase in rate hike requests compared to the previous year, totaling $29 billion [2] - Meituan has refuted claims regarding the number of college graduates working as delivery riders, clarifying that such data lacks factual basis and is misleading [2] Group 3 - TikTok has denied reports of developing a separate application for U.S. users that would utilize different algorithms and data systems, stating that the claims are unfounded [3] - Zongshen has issued an apology for potential trademark infringements related to the naming of its new tricycle models, committing to rectify the situation and enhance internal review processes [3] Group 4 - Xiaomi has reported that its automotive division has delivered over 300,000 vehicles within 15 months of its launch [5] - Huawei's smart driving system has surpassed a total mileage of 3.037 billion kilometers, averaging over 10 million kilometers per day, with significant usage of its parking assistance feature [6] Group 5 - Maserati has announced a limited-time promotional price for its Grecale SUV model, dropping the price to approximately 388,800 yuan, a reduction of over 40% from the official starting price of 650,800 yuan [7][8] - The promotional pricing is specific to a dealership and is not representative of the Maserati brand's pricing strategy, with the initial batch of vehicles selling rapidly [8]

Group 1 - Maserati's sales in China plummeted to only 1,228 units last year, a 71% year-on-year decline, prompting significant price cuts for its new SUV Grecale, now starting at 388,800 yuan, down from a range of 650,800 to 1,038,800 yuan [4][5] - Other luxury car brands also faced declines in China, with Bentley down 20% to 884 units, Rolls-Royce down 23% to 289 units, and Lamborghini down 39% to 157 units [5] - Xiaomi announced that it has delivered over 300,000 vehicles in 15 months, with its models priced significantly lower than luxury brands, such as the YU7 standard version starting at 253,500 yuan [6] Group 2 - Romoss, a leading power bank company, faced a crisis due to product failures and a focus on gross profit margins, leading to a rapid decline in brand reputation [9] - Long-term executive Liu Yanzhao has been promoted to Vice President of Great Wall Motors, overseeing public relations, while new CEOs have been appointed for the WEY and Tank brands [10][11] - Baichuan Intelligent's co-founder, Xie Jian, is leaving the company amid a series of executive departures, indicating instability within the organization [12][13] Group 3 - Meituan denied rumors of a large number of highly educated individuals working as delivery riders, stating that such claims lack factual basis [14] - Huawei's new car brand, Enjoy, recently unveiled its logo, with CEO Yu Chengdong explaining the delay in logo approval due to regulatory processes [16][17] - Xiaomi is reportedly making progress on its self-developed 5G baseband, with speculation about its integration into future products [19][20] Group 4 - SAIC Volkswagen officially closed its Nanjing factory, which had an annual capacity of 360,000 vehicles, as part of a strategic shift towards electric vehicles [22][23] - GAC's new brand, Huawang, is set to launch two new models next year, targeting the high-end market with a focus on electric and extended-range vehicles [23][24] - Volkswagen Group reported a 1.3% increase in global vehicle deliveries in the first half of 2025, with a significant 47% increase in electric vehicle sales [39][40] Group 5 - Intel is undergoing significant layoffs in Israel, with reports suggesting the potential closure of its Fab 28 facility, despite previous government support [38] - Samsung plans to debut its self-developed GPU in the Exynos 2600 chip, moving away from its collaboration with AMD [36][37] - Nvidia's CEO Jensen Huang is set to visit China, with plans to launch a new AI chip tailored for the Chinese market by September [30][31]

Core Viewpoint - The recent "subsidy war" in the food delivery market has led to unprecedented discounts, significantly increasing order volumes and consumer excitement in Taizhou, with platforms like JD, Meituan, and Ele.me competing aggressively [1][2][7]. Consumer Experience - Consumers have reported experiencing substantial discounts, with offers such as "18 yuan off 18 yuan" and even zero-cost meals becoming common [2][4]. - One consumer shared that they spent only 0.4 yuan on a drink and 8.3 yuan on a meal due to these discounts, highlighting the extreme affordability during this period [5][6]. Market Dynamics - The food delivery platforms have seen a surge in order volumes, with Taobao Flash Purchase and Ele.me reporting over 80 million daily orders, including more than 13 million non-food orders [9]. - Despite the initial high level of subsidies, there has been a noted decrease in discount intensity as of July 9, yet order volumes remain high, particularly for popular chain restaurants and beverage shops [7][9]. Industry Impact - The surge in orders has overwhelmed many businesses, with some reporting daily orders increasing by 20 to 30 [9]. - While the profit margins for coffee shops have remained stable, the competition has pressured the profit margins of chain restaurants and other food services [10].

Group 1 - The topic of "Meituan Free Order" has surged to the top of trending searches, indicating an escalation in the subsidy competition among food delivery platforms [1][3] - Several chain restaurant brands have announced collaborations with Meituan to launch free order promotional activities starting July 11, requiring users to log in to Meituan to access these benefits [3] - The ongoing subsidy competition among major platforms is stimulating consumer enthusiasm and expanding instant retail business, but raises concerns about long-term sustainability and profitability for some merchants [3] Group 2 - Meituan and Taobao Flash Sale issued significant discount coupons over the weekend of July 5-6, leading to a surge in order volume, with Meituan reporting over 1.2 billion orders on July 5 [4] - Taobao Flash Sale and Ele.me announced a combined daily order count exceeding 80 million, with over 2 billion active users on Taobao Flash Sale [4] - The first week of the 500 billion subsidy program saw a significant increase in business for many restaurant brands, with 95% of peak performances coming from regional chain brands [4] Group 3 - JD.com has launched its "Double Hundred Plan," committing over 10 billion yuan to support brands achieving significant sales milestones, while also implementing a 10 billion yuan consumer subsidy [5] - JD.com’s daily order volume has surpassed 25 million, capturing over 31% of the national food delivery market share, and approximately 45% in the quality delivery segment [5] - The overall daily order volume in China's food delivery market is estimated to be between 80 million and 90 million [5]

Group 1 - The Hang Seng Index rose by 0.57% on July 10, with southbound trading totaling HKD 150.16 billion, including HKD 76.53 billion in buying and HKD 73.63 billion in selling, resulting in a net inflow of HKD 2.90 billion [1] - The southbound trading through the Shenzhen Stock Connect had a total turnover of HKD 49.05 billion, with net buying of HKD 1.32 billion, while the Shanghai Stock Connect had a total turnover of HKD 101.11 billion, with net buying of HKD 1.58 billion [1] - The most actively traded stock by southbound funds was Guotai Junan International, with a total trading amount of HKD 14.24 billion, followed by Yisou Technology and Juxing Legend with HKD 7.59 billion and HKD 6.44 billion respectively [1] Group 2 - Among the stocks with net buying, China Construction Bank had the highest net inflow of HKD 588 million, closing up by 3.16%, while Alibaba-W and Meituan-W had net inflows of HKD 573 million and HKD 485 million respectively [1] - Tencent Holdings experienced the largest net outflow of HKD 729 million, closing down by 0.20%, while Xiaomi Group-W and Sunac China had net outflows of HKD 379 million and HKD 142 million respectively [1] - A total of 9 stocks, including Alibaba-W and Meituan-W, were active in both the Shenzhen and Shanghai Stock Connects, with Alibaba-W having a total trading amount of HKD 4.71 billion and a net inflow of HKD 573 million [2]

Market Overview - On July 10, the Hang Seng Index rose by 0.57%, closing at 24,028.37 points, with a total net inflow of HKD 2.902 billion through the southbound trading channel [1] - The total trading volume for the southbound trading was HKD 150.163 billion, with a net buy of HKD 2.902 billion [1] Southbound Trading Details - The Shanghai-Hong Kong Stock Connect recorded a trading volume of HKD 101.111 billion, with a net buy of HKD 1.579 billion, while the Shenzhen-Hong Kong Stock Connect had a trading volume of HKD 49.053 billion and a net buy of HKD 1.323 billion [1] - The top active stocks in the Shanghai-Hong Kong Stock Connect included Guotai Junan International with a trading volume of HKD 10.399 billion, followed by Yisou Technology and Giant Star Legend with trading volumes of HKD 5.684 billion and HKD 5.005 billion, respectively [1] Stock Performance - Alibaba-W had the highest net buy amount of HKD 770 million, closing with a price increase of 0.29% [1] - Tencent Holdings recorded the highest net sell amount of HKD 387 million, closing with a price decrease of 0.20% [1] - In the Shenzhen-Hong Kong Stock Connect, Guotai Junan International also led in trading volume with HKD 3.837 billion, followed by Yisou Technology and Alibaba-W with trading volumes of HKD 1.906 billion and HKD 1.886 billion, respectively [2] Notable Stock Movements - Meituan-W had a net buy of HKD 291 million despite closing down by 0.50% [2] - Tencent Holdings experienced a net sell of HKD 342 million, closing down by 0.20% [2] - The trading data for the top active stocks included significant fluctuations, with Guotai Junan International showing a daily increase of 10.24% [2]

Group 1 - The core viewpoint highlights the surge in demand for outdoor sports equipment and apparel during the summer, with instant retail becoming the mainstream choice for consumers [1][2] - Instant retail has seen significant growth, with sales of running shoes, sports T-shirts, and basketball shoes increasing over 200% year-on-year since June, while swimming and cycling products have also seen over 100% growth [1][2] - Major brands like Decathlon have experienced substantial sales increases, with swimming gear sales doubling and sun protection clothing sales increasing by 30 times during promotional events [1][3] Group 2 - The convenience of instant retail has been particularly beneficial during holiday seasons, with children's and father's day sales seeing a 70% increase in product quantity and nearly 60% increase in transaction value for sports apparel [2] - Recent sporting events have further fueled consumer enthusiasm for sports, with significant sales growth in related products, such as a 120% increase in ball-related goods and a doubling of swimming gear sales in Jiangsu province [2] - Decathlon has partnered with Meituan to launch seasonal activities and services, resulting in nearly 200% year-on-year growth in overall sales during promotional periods [3][4] Group 3 - The trend of purchasing larger items through instant retail is on the rise, with Decathlon's children's bicycles seeing a tenfold increase in sales during the first month of availability on Meituan [4] - Meituan's instant delivery services for larger sports equipment ensure safe and timely delivery, making it easier for consumers to purchase these items [4] - The collaboration between major sports retailers and Meituan is expected to continue driving growth, with Decathlon projected to achieve record order volumes in 2024 and further doubling sales by 2025 [4]

Core Viewpoint - Meituan refutes claims regarding the educational background of its delivery riders, stating that such information lacks factual basis and is spread as false information for gaining attention [3][14]. Group 1: Meituan's Response - Meituan's official account clarified that any claims about the educational qualifications of riders, such as "30% of riders are undergraduates" or "70,000 master's degree holders," are unfounded and should be verified through official channels like the Ministry of Education or relevant educational institutions [3][14]. - The company emphasized that the total data regarding riders' educational backgrounds is not supported by facts and is merely speculative [3][14]. Group 2: Case of Ding XZ - Ding XZ, a 39-year-old individual claiming to have multiple prestigious degrees, has gained attention for his contrasting identity as a delivery rider [3][5]. - Meituan conducted an investigation into Ding XZ's delivery activity, revealing that he registered as a rider on February 15 and has only worked a few days, averaging about 2 hours of work per day with a total income of 174.3 yuan from 34 deliveries [3][4]. - Ding XZ's videos, which prominently feature his educational background, have seen a significant increase in viewership, particularly during a period of intense posting [5].

7月5日，阿里、美团两大平台分别放出了大量且大额的外卖红包券，新一轮"外卖大战"上演，也被网友称为"薅羊毛日"。 有的用户表示收到了"满25减21""满16减16"等多张优惠券。这些优惠券使得部分饮品和食品的外卖价格接近"0元购"。随着优惠券的持续发放，不断有消费 者涌入美团和淘宝闪购下单，导致美团一度出现宕机，甚至冲上微博热搜榜。 对此，美团外卖官方表示，7月5日下午6点前后，因用户下单量突破历史峰值，触发了服务器限流保护，美团App小范围地区用户出现了短时服务异常，现 已全面恢复，大家可以正常下单。期间部分受影响用户的优惠券，可延续至次日继续使用。 此外，针对部分受系统影响短暂出现接单异常的商家，美团将进行回溯，确保商家评分及后续排名等不受影响。 美团内网公布的信息显示，当晚20时45分，美团即时零售日订单突破1亿单，截至22时54分，美团即时零售当日订单破1.2亿单。 据报道，美团此次大规模补贴或源于阿里的补贴计划。7月2日，淘宝闪购宣布启动规模500亿元的补贴计划，补贴方式涉及红包雨、免单卡、商品直降等， 为期12个月。 有消息透露，7月5日是淘宝闪购的"冲单日"，其目标是峰值订单超过美团，预计达到9 ...