Core Viewpoint - JD Group reported a strong performance in Q2 with net revenue of 356.66 billion yuan, a year-on-year increase of 22.4%, surpassing the estimated 335.45 billion yuan [1] - Adjusted earnings per ADS for Q2 were 4.97 yuan, exceeding the forecast of 3.78 yuan [1] Group 1 - The growth in Q2 was driven by robust increases in user traffic, quarterly active users, and shopping frequency on the JD platform [1] - The CEO of JD, Xu Ran, highlighted the continuous development momentum of the core JD retail business and new initiatives, including JD Daojia [1]

Core Insights - JD Group reported Q2 2025 revenue of 356.7 billion RMB, a year-on-year increase of 22.4%, significantly exceeding market expectations and setting a new record for revenue growth in nearly three years [1] Retail Business Performance - The acceleration in revenue growth is primarily driven by the core retail business, with most categories experiencing accelerated growth [1] - The daily necessities category saw a year-on-year revenue increase of 16.4%, while the supermarket category has maintained double-digit year-on-year growth for six consecutive quarters [1] New Business Developments - New businesses, including JD's food delivery service, experienced a substantial year-on-year revenue growth of 199% [1] User Engagement Metrics - The quarterly active user count and shopping frequency both achieved over 40% year-on-year growth, with the active user count maintaining double-digit year-on-year growth for seven consecutive quarters [1] - As of June 30, the total number of personnel within the JD system is approximately 900,000 [1]

8月15日，京东集团宣布完成对香港佳宝食品超级市场（下称"佳宝"）的收购。同时，京东集团正式成 立创新零售-佳宝业务部，并委任香港佳宝创始人林晓毅出任该业务部负责人。本次收购完成后，京东 佳宝超市将于8月16日-8月18日在港开启全场8折大促活动，活动将涵盖首批数十款京东供应链商品。 ...

Core Insights - The core viewpoint of the article emphasizes that JD Group is committed to long-term growth in its food delivery business, aiming for sustainability over immediate results [1][5][12] Financial Performance - In Q2, JD Group reported revenue of 356.7 billion yuan, a year-on-year increase of 22.4%, marking the highest growth rate in nearly three years [1][8] - JD Retail's revenue grew by 20.6% year-on-year, with an operating profit margin of 4.5%, the highest for any promotional quarter in the company's history [1][8] - Non-GAAP net profit attributable to shareholders was 7.4 billion yuan, a decline of 48.87% year-on-year, slightly below broker expectations [2] Business Growth and User Engagement - The food delivery segment contributed significantly, with new business revenue increasing by 199% year-on-year [1][8] - The number of active users and shopping frequency both grew by over 40% year-on-year, with active users achieving double-digit growth for seven consecutive quarters [1][8] Strategic Initiatives - JD Group views food delivery and instant retail as essential supplements to its core e-commerce business, indicating no intention to retract from these areas [5][6] - The company has launched its first restaurant infrastructure brand, "Seven Fresh Food Mall," and plans to establish 10,000 "Seven Fresh Kitchens" across the country within three years [9] International Expansion - JD Group is accelerating its international market strategy, including a bid to acquire European consumer electronics retailer CECONOMY for approximately 2.2 billion euros [10] - The company aims to leverage its supply chain capabilities to support both Chinese brands entering overseas markets and local e-commerce operations [10][11] Future Outlook - JD Group's investments in embodied intelligence and various sectors indicate a focus on enhancing logistics and supply chain efficiency [12] - The food delivery business is seen as a defensive strategy to stabilize the core e-commerce operations while exploring long-term sustainable growth through international expansion and supply chain development [12][13]

Core Viewpoint - Bridgewater Associates significantly increased its holdings in major US tech stocks, including Nvidia, Microsoft, Google, and Meta, while completely divesting from several Chinese stocks like Alibaba, Baidu, and JD.com [1][5]. Group 1: Holdings Changes - As of the end of Q2, Bridgewater's portfolio value rose from $21.6 billion to $24.8 billion, with 85 new positions, 206 increased positions, 164 closed positions, and 187 reduced positions [2]. - The top ten holdings at the end of Q2 included SPDR S&P 500 ETF (SPY), iShares Core S&P ETF (IVV), Nvidia, iShares Core MSCI Emerging Markets ETF (IEMG), Google A, Microsoft, Meta, Salesforce, Booking Holdings Inc (BKNG), and GE Vernova Inc (GEV) [2]. Group 2: Major Increases in Tech Stocks - Nvidia was the most significantly increased stock, with Bridgewater adding nearly 4.39 million shares, bringing total holdings to 7.23 million shares, a 154% increase from the previous quarter, making it the third-largest holding at 4.61% of the portfolio [4]. - Microsoft, Google A, and Meta also saw substantial increases, indicating Bridgewater's optimistic outlook on these AI giants [4]. Group 3: Reductions in Other Stocks - Amazon experienced a reduction of approximately 795,500 shares, a decrease of about 6%, dropping its portfolio share from 1.17% to 1.10% [4]. - Apple shares were reduced by 584,000, a 62% decrease, lowering its portfolio share from 0.97% to 0.30% [4]. - AMD also saw a reduction of 408,900 shares, a decline of nearly 18.9%, making it the 21st largest holding [4]. Group 4: Divestment from Chinese Stocks - Bridgewater completely divested from Alibaba, selling all 5.66 million shares, as well as 2.79 million shares of JD.com and 2.08 million shares of Baidu [5]. - This marks a significant reversal from Q1, where Bridgewater had increased its holdings in Alibaba and Baidu [5].

每经AI快讯，8月15日，港股科网股走弱，截至发稿，京东集团-SW（09618.HK）跌3.20%、美团-W （03690.HK）跌3.05%、阿里巴巴-W（09988.HK）跌2.79%。 （文章来源：每日经济新闻） ...

算力产业链领跌，GPU、CPO方向回调明显；人工智能走弱。光刻机、脑机接口题材活跃。 （持续更新中……） 09:25 A股开盘｜三大股指集体低开 算力产业链领跌 三大股指集体低开，沪指跌0.18%，深成指跌0.28%，创业板指跌0.2%。算力产业链领跌，GPU、CPO方向回调明显；人工智能走弱。光刻机、脑机接口 题材活跃。 | 板块名称 | 涨幅 | 主力金额 | 板块名称 | 涨幅 | 主力金额 | | --- | --- | --- | --- | --- | --- | | 芬太尼 | +0.59% | -244.9万 | 关装重组概念 | -1.50% | +579.4万 | | 科创次新股 | +0.58% | +1018/כ | 多元金融 | -1.03% | -1670/- | | 超级电容 | +0.57% | -441.2 - | 贵金属 | -0.99% | -912.2 / | | 高压氧舱 | +0.54% | +1118万 | 工程机械 | -0.74% | +1566万 | | 油气开采及服务 | +0.47% | +286.4/7 | F5G概念 | -0.67% | -3353 ...

21世纪经济报道记者孔海丽 北京报道 京东在外卖、酒旅、具身智能等领域大手笔出击，通过一系列打破常规、甚至被外界视为"掀桌子"的举 措，收入重新迎来高增长。 其最新发布的2025年二季度披露四组数据： 对此，京东管理层在当日晚间的电话会上表示，短期利润率可能因行业竞争和投资节奏出现波动，新业 务投入旨在突破增长天花板，虽短期影响利润率，但将逐步转化为新的增长动力，并与核心业务形成协 同效应。 1、当季收入3567亿元，同比增长22.4%，增速创近三年新高。 2、季度活跃用户数和购物频次同比增长均超40%。 3、当季外卖业务日单量突破2500万单，覆盖全国350个城市，超150万家品质餐饮门店入驻。 轰轰烈烈的外卖大战，对哪家的资金来说都是考验。 4、当季其归属于公司普通股股东的净利润为62亿元，去年同期是126亿元；非美国通用会计准则归属于 公司普通股股东的净利润为74亿元，去年同期是145亿元。 新业务，尤其是这种扎根、下沉的重模式业务，前期一定会有大量的成本投入。 京东虽为外卖等新业务付出了真金白银，但新业务并非意气用事，与零售基本盘是良性协同关系。 这种协同体现在，外卖作为高频消费入口，会为京东零售创造 ...

Group 1: Robotics and AI Developments - The world's first humanoid robot sports competition has commenced in Beijing, featuring 26 events and over 500 robots from 16 countries [2][3] - Apple is preparing to launch multiple robotic products, including a desktop robot with a realistic Siri, expected to be released in 2027 [3][4] - China's average daily Token consumption has surged over 300 times in 1.5 years, exceeding 30 trillion, indicating rapid growth in AI applications [4][5] Group 2: Company Financials and Performance - JD Group reported a revenue of 356.7 billion for Q2 2025, a year-on-year increase of 22.4%, but faced an operating loss of 900 million due to increased spending on new business initiatives [5][6] - JD's marketing expenses rose by 127.6% to 27 billion, primarily due to new business promotion [6] - JD's new business segment, including food delivery, generated 13.85 billion in revenue but incurred a significant operating loss of 14.78 billion [6] Group 3: Automotive Innovations - Tesla showcased the longest Full Self-Driving (FSD) demonstration, covering 583 kilometers without driver intervention for nearly 7 hours [7] - Li Auto's CEO discussed the positive market response to the Li i8, which is set for national delivery starting August 20, aiming for over 8,000 units by the end of September [8] - A Silicon Valley startup, Tensor, plans to launch the world's first "eye-free" autonomous vehicle, designed for both manual and fully autonomous driving, with a delivery target in late 2026 [18][19]

Group 1 - The Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority have issued a joint statement regarding recent market volatility related to stablecoins, urging the public to exercise caution and make informed investment decisions [1] Group 2 - The Nasdaq China Golden Dragon Index fell by 2.13%, while the Dow Jones Industrial Average decreased by 11.01 points, or 0.02%, closing at 44,911.26 points [2] Group 3 - The People's Bank of China announced a 500 billion yuan reverse repurchase operation to maintain liquidity in the banking system, signaling a continued emphasis on quantitative monetary policy tools [3] Group 4 - Henry Group plans to establish a joint venture with Innovation Works to develop a sustainable "AI + financial services" model, with an issued capital of 10 million HKD, where Henry Group holds 80% equity [4] Group 5 - JD Group reported a revenue of 356.7 billion yuan for Q2, a year-on-year increase of 22.4%, with a net profit of 6.2 billion yuan [5] Group 6 - JD Logistics achieved a revenue of 51.565 billion yuan in the first half of the year, a year-on-year increase of 16.6%, with a non-IFRS profit of 2.588 billion yuan [6] Group 7 - JD Health reported a revenue of 35.29 billion yuan for the first half of the year, a year-on-year increase of 24.5%, with a net profit of 2.596 billion yuan [7] Group 8 - MTR Corporation reported a shareholder profit of 7.709 billion HKD for the first half of the year, a year-on-year increase of 27.5%, despite a total revenue decrease of 6.5% [9] Group 9 - Geely Automobile's Zeekr Group reported automotive sales revenue of 22.916 billion yuan for Q2, a year-on-year increase of 2.2% and a quarter-on-quarter increase of 20.0% [10] Group 10 - Minxin Group expects a shareholder profit of approximately 60 to 70 million HKD for the first half of the year, representing a year-on-year increase of 80% to 110% [11] Group 11 - NetEase reported a net profit of 18.902 billion yuan for Q2, a year-on-year increase of 31.33%, with a net income of 27.9 billion yuan [12] Group 12 - NetEase Cloud Music reported a profit of 1.885 billion yuan for the first half of the year, a year-on-year increase of 132.83% [13] Group 13 - New Qi'an expects a revenue increase of 50% to 60% and a profit increase of 500% to 600% for the first half of the year, driven by higher sales of its main products [14] Group 14 - Wei Long Delicious reported a total revenue of approximately 3.483 billion yuan for the first half of the year, a year-on-year increase of 18.5% [15] Group 15 - China Telecom reported a shareholder profit of 23.017 billion yuan for the first half of the year, a year-on-year increase of 5.52% [17] Group 16 - Minsheng International expects a pre-tax profit of approximately 437 million to 483 million HKD for the first half of the year, reversing from a loss in the previous year [19] Group 17 - Tianan Group anticipates a shareholder profit of approximately 2.2 billion to 2.4 billion HKD for the first half of the year, significantly up from 78 million HKD in the previous year [20] Group 18 - Cornerstone Pharmaceuticals reported a revenue of 49.451 million yuan for the first half of the year, a year-on-year decrease of 80.54%, with R&D expenses increasing by 58.75% [21] Group 19 - The newly listed stock Silver诺医药-B saw a dark market increase of over 260%, with net proceeds from the global offering expected to reach approximately 610 million HKD [22] Group 20 - Weibo reported a net profit of approximately 1.26 billion USD for Q2, a year-on-year increase of 12.29%, with a net income of about 4.45 billion USD [23]