责任编辑：宋雅芳 新浪科技讯 11月3日上午消息，今日，美团开源全模态模型LongCat-Flash-Omni，官方App同步上线公 测，可体验模型的联网搜索、语音通话等功能。 据悉，新模型是业界首个实现"全模态覆盖、端到端架构、大参数量高效推理"于一体的开源大语言模 型，在开源范畴内实现了对标闭源模型的全模态能力，并凭借创新的架构设计与工程优化，让大参数模 型在多模态任务中实现毫秒级响应。 ...

Core Insights - The article highlights the short-selling ratios and amounts for several major companies, indicating significant bearish sentiment in the market, particularly for Tencent Holdings and JD.com [1][2]. Short-Selling Ratios - Tencent Holdings-R (80700) and JD.com-SWR (89618) both have a short-selling ratio of 100.00%, indicating complete bearish positions [2]. - SenseTime-WR (80020) follows with a short-selling ratio of 87.56% [1][2]. Short-Selling Amounts - Alibaba-SW (09988) leads in short-selling amount with 1.807 billion, followed by BYD Company (01211) at 1.358 billion, and Tencent Holdings (00700) at 0.977 billion [1][2]. - The short-selling amounts for these companies suggest a high level of investor concern regarding their future performance [1][2]. Deviation Values - Tencent Holdings-R (80700) has the highest deviation value at 51.02%, followed closely by JD.com-SWR (89618) at 50.01% [1][2]. - The deviation values indicate a significant difference between current short-selling ratios and their historical averages, suggesting heightened market volatility for these stocks [1][2].

Core Insights - The 15th National Games is approaching, and Meituan has launched the "National Sports Season" event in Shenzhen, with over 10,000 sports and fitness merchants participating nationwide [1] - Since 2025, Guangdong has ranked among the top three in the country for sports consumption, with Shenzhen accounting for nearly 40% of the province's sports consumers [1][4] - The demand for diverse sports activities among young people is driving a new wave of consumption, with night-time fitness orders in Shenzhen leading the nation [4] Group 1: Sports Consumption Trends - Sports consumption in Guangdong has seen a 50% year-on-year increase, with Shenzhen being a significant contributor [4] - The number of tennis stores in Guangdong has increased by over 70% year-on-year, and the number of consumers has surged by 137% [4] - The popularity of climbing has also risen, with a 63% increase in search volume and 20% of the nation's climbing stores located in Guangdong [4][6] Group 2: Innovative Consumption Models - Meituan has introduced the "Flexible Payment and Runaway Compensation" solution to address trust issues in the fitness industry, covering nearly 80% of fitness merchants in Shenzhen [7] - The platform offers various payment models, including monthly and personal training packages, to enhance consumer confidence [7] - During the National Games, consumers can engage in various interactive activities through the Meituan app, starting from 9.9 yuan, promoting sports participation [8]

Core Insights - The competition in the instant retail sector is intensifying during this year's "Double 11" shopping festival, with major players like Taobao and Meituan racing to enhance supply chain efficiency and user experience [1][6] - Taobao has launched a new convenience store brand, "Taobao Convenience Store," aiming for a "24-hour operation and 30-minute delivery" model, while Meituan is expanding its "Lightning Warehouse" concept [1][4] - Both companies are focusing on attracting well-known brands to optimize their inventory and enhance service quality [6][10] Group 1: Company Strategies - Taobao's flash purchase service has introduced 34 slots for quality service providers in its convenience store model, with flagship and standard warehouse types featuring around 10,000 SKUs [3][4] - Meituan's Lightning Warehouse has surpassed 50,000 locations as of September, with plans to exceed 100,000 by 2027, while Taobao plans to invest 2 billion yuan in its convenience store expansion [4][5] - Both companies are leveraging brand partnerships to enhance their offerings, with Meituan collaborating with over 10,000 brands for its "Brand Flagship Lightning Warehouse" [6][10] Group 2: Market Dynamics - The instant retail market is witnessing a shift towards a more competitive landscape, with an increase in non-food categories and a doubling of order volume for non-food retail on Taobao [6][7] - The entry of numerous brands into the instant retail space has led to heightened competition, making profitability challenging for many operators [8][9] - The operational model of Lightning Warehouses, which typically operate in non-prime locations, faces challenges due to saturation in popular urban areas and reliance on online promotion for customer acquisition [8][9] Group 3: Consumer Behavior - Consumer purchasing behavior is evolving towards all-time, all-category, and all-scenario consumption, with a significant increase in demand for emergency and temporary items [6][7] - Brands are adapting their inventory strategies to cater to spontaneous consumer needs, such as clothing for unexpected events, which constitutes about 30% of their sales [7][10] - The lower return rates for near-field orders are encouraging brands to invest more in instant retail channels [7]

全国近百万线下门店参与美团闪购双11活动后，首日迎来火热客流，带动各大品牌商品热销：在3C家 电品类，Apple、小米、OPPO销量同比增长均超100%。在酒品类，歪马送酒销量同比增长300%；物美 超市、大润发等连锁商超白酒销量同比增长超100%；优质、品牌认证店铺热销，带动茅台、剑南春、 泸州老窖（000568）等名酒销量同比增长均超100%。 在奶粉品类，美素佳儿、爱他美、惠氏、美赞臣等品牌销量同比增长均超100%。运动装备、服饰、家 纺等闪购热销：安踏、罗莱家纺等品牌门店入驻闪购首战"双11"，开业即爆单。 覆盖零售全品类、24小时经营的美团闪电仓，进一步便利了消费者全时段、全品类的购物需求，成为各 行各业品牌和商家的生意新增量。美团闪购"双11"首日，各业态闪电仓销量整体同比翻倍增长。 本报讯 （记者梁傲男）11月1日，美团闪购发布"双11"首日战报：自10月31日大促启动以来的24小时 内，Apple、茅台、美素佳儿等近800个品牌销量同比增长超100%。全棉时代、徕芬、蕉下、罗技、毛 戈平等品牌官方旗舰店销量较平日增长超10倍，上百个品牌官方旗舰店整体销量同比增长300%。 手机、白酒、奶粉等近 ...

编者按：今年"双11"，即时零售战场硝烟四起，淘天、美团、京东上演"分钟级"竞速比拼，近场电商在 供给、消费和生态上正逐步重构。为了赢到最后，各方玩家正加速在供应链、履约效率与用户体验之间 找到平衡。 "双11"期间，淘天在即时零售领域又添了一把火。近日，淘宝闪购宣布，11月1日正式上线全新连锁便 利品牌"淘宝便利店"，以闪购仓形态提供"24小时营业、30分钟达"的购物体验，还将针对不同场景开出 仓型。巧合的是，美团近日也宣布开出"品牌官旗闪电仓"，预计拓展3C、美妆、服饰等多品类。 从外卖到近场电商，淘天与美团的较量进一步升级，引入更多知名品牌优化仓内货盘。不过，尽管电商 厮杀凶猛，但旁观的商家们却十分谨慎。毕竟，做一单亏一单的情况不是少数。 闪购仓VS闪电仓 电商巨头的战火烧到了消费者的家门口。据了解，淘宝闪购推出的首批淘宝便利店将向能提供优质服务 的商家开放34个名额，主力闪购仓型为SKU在1万左右的旗舰仓、标准仓。此外，针对校园场景，淘宝 便利店也会推出特殊仓型以满足学生用户需求。 商家合作方面，淘宝便利店会以品牌授权形式向符合标准的商家开放使用，门店资产也属于商家，商家 按照平台标准提供服务。同时， ...

Core Insights - The competition in the instant retail sector is intensifying during this year's "Double 11" shopping festival, with major players like Taobao and Meituan racing to enhance supply chain efficiency and user experience [1][6]. Group 1: Company Strategies - Taobao Flash Purchase has launched a new convenience store brand, "Taobao Convenience Store," offering a "24-hour operation and 30-minute delivery" service, targeting various consumer scenarios [1][4]. - Meituan has also introduced its "Brand Flagship Lightning Warehouse," expanding into multiple categories such as electronics, beauty, and apparel [1][5]. - Both companies are focusing on optimizing their inventory by collaborating with well-known brands to enhance their offerings in the instant retail space [1][7]. Group 2: Market Dynamics - Meituan's lightning warehouses have surpassed 50,000 locations as of September, with plans to exceed 100,000 by 2027, while Taobao Flash Purchase aims to invest 2 billion yuan in expanding its convenience stores across over 200 cities [6][7]. - The instant retail market is witnessing a shift towards a broader range of non-food categories, with Taobao Flash Purchase reporting a 200% increase in non-food retail order volume [7][8]. - The competition is becoming fierce, with many brands entering the instant retail channel, leading to price wars and challenges for existing operators [10][11]. Group 3: Consumer Behavior - Consumers are increasingly using instant retail for various scenarios, such as last-minute purchases for events, with non-food items seeing significant growth [8][9]. - Brands are adapting their inventory strategies to cater to emergency consumption scenarios, which account for about 30% of their sales [9][10]. - The rise of instant retail is changing consumer shopping habits, encouraging purchases of clothing and cosmetics through these platforms [7][8].

基于前期调研，美团于今年9月在多个城市试点了新功能。当骑手在配送过程中遭遇辱骂骚扰、索要个 人信息、醉酒滋事等不当行为时，可选择通过上传录音、录像或聊天记录等作为凭证，申请屏蔽该用 户，一年内骑手将不再接收其订单。每位骑手最多可屏蔽2名用户，屏蔽期为365天，期满自动解除，骑 手也可随时主动调整名单。为了同时保障用户的体验不受影响，即使某位骑手屏蔽了某位用户，系统也 会自动匹配其他骑手，同时通过多种配送模式、跑单补贴、天气补贴、难履约点位动态调价等方式，确 保订单送达不受影响。 社交平台上，有骑手认为，平台此举可以保护骑手，骑手屏蔽顾客后不用担心再受气；也有骑手认为， 一个大区域内，你不送有的是骑手送，屏蔽两个用户并不会影响什么。（每经） 【#美团骑手屏蔽恶意顾客功能全国上线#：最多可屏蔽2名用户，屏蔽期为365天】10月30日，多地骑手 向媒体反映，美团骑手App内已全面上线"屏蔽恶意用户"功能。美团骑手官方号随后发布视频，证 实"骑手屏蔽恶意顾客"功能已全国上线。遭遇辱骂等不当行为，骑手可申请屏蔽用户。 ...

Investment Rating - Industry rating: Recommended [4] Core Views & Investment Suggestions - The meeting between the US and China leaders reached important consensus, marking substantial progress in bilateral economic and trade relations. The agreement includes the cancellation of 10% of fentanyl-related tariffs and the extension of the suspension period for 24% of reciprocal tariffs by one year. Both sides also agreed to suspend certain export control measures [2][23] - OpenAI is preparing for its initial public offering (IPO), with an expected annual revenue of approximately $20 billion and a potential valuation of $1 trillion. This rapid development underscores the commercialization potential of AI technology, which is expected to reshape industry valuation systems and attract global capital to the AI sector [3][24] - The report suggests a cautious optimism regarding trade negotiations, highlighting AI as a highly certain investment direction amid increasing global macroeconomic volatility. The performance gap between US and Chinese models is narrowing, and the open-source path is driving the rise of domestic ecosystems [3][25] Summary by Sections Market Overview - In the 43rd week of 2025, the Shanghai Composite Index rose by 0.11%, while the CSI 300 Index fell by 0.43%. The ChiNext Index increased by 0.5%. The Hang Seng Index decreased by 1.5%, and the Hang Seng Internet Index fell by 0.97%. The SW Media Index dropped by 0.06%, ranking 21st among 31 industries [1][11] Sub-industry Data Film Industry - The top three films by box office for the week were "The Life of the Stray" with a box office of 20.06 million yuan (17.3% market share), "Sky Warrior: The Last Strike" with 16.91 million yuan (14.5%), and "The Volunteer Army: Bloodbath for Peace" with 12.12 million yuan (10.4%) [27][28] Gaming Industry - The top three iOS games by revenue were "Honor of Kings," "Love and Deep Space," and "Endless Winter." The top three Android games by popularity were "Heart Town," "Honor of Kings," and "Kara Bichu" [30][31] TV Series Industry - The top three TV series by broadcasting index were "Water Dragon Chant," "Heaven and Earth Sword Heart," and "Dark River Transmission," with indices of 82.2, 82.1, and 82.0 respectively [33][34] Variety and Animation - The top variety show was "Now Departing Season 3" with a broadcasting index of 80.8, followed by "Flowers and Youth Season" and "Wonderful Night Season 2." The top three animated shows were "Immortal Reversal," "Swallowing the Starry Sky," and "Happy Hammer" [35][38]

10月30日 ，多地骑手向媒体反映，美团骑手App内已全面上线"屏 蔽恶意用户"功能。美团骑手官方号随后发布视频，证实"骑手屏蔽恶意顾客"功能已全国上 线。遭遇辱骂等不当行为，骑手可申请屏蔽用户。 此前，据美团产品负责人介绍，今年在恳谈会上，骑手"公平感"与"尊重 感"的诉求非常强烈，专家建议可适当增加骑手选择权，为个人劳动者提供更多弹性决策空 间，同时鼓励美团完善各方权益。 基于前期调研，美团于今年9月在多个城市试点 了新 功能。当骑手在配送过程中遭遇辱骂骚扰、索要个人信息、醉酒滋事等不当行为时，可选择 通过上传录音、录像或聊天记录等作为凭证，申请屏蔽该用户，一年内骑手将不再接收其订 单。每位骑手最多可屏蔽2名用户，屏蔽期为365天，期满自动解除，骑手也可随时主动调 整名单。为了同时保障用户的体验不受影响，即使某位骑手屏蔽了某位用户，系统也会自动 匹配其他骑手，同时通过多种配送模式、跑单补贴、天气补贴、难履约点位动态调价等方 式，确保订单送达不受影响。 随着外卖市场规模的扩大，外卖骑手与顾客的摩擦屡见不鲜。据媒体报道，有骑 手遇到 顾客备注"外卖员不叫爹就给差评"，还有外卖员 没帮顾客扔垃圾遭差评，平台收到 ...