中经记者李立上海报道 继高德上线"扫街榜"曲线布局到店业务，日前淘宝闪购正式上线"团购"，与美团全面竞争。 关于团购的比价，一位餐厅老板告诉记者，本质不会有太大差别。不同平台，补贴会有不同，价格会有 差异。因为团购利润很薄，餐厅会想办法找补，如果价格压得过低，搭配菜品会有差异，或者加入酒饮 拉高整体价格。 一位同时上线抖音、美团的美业商家谈到不同平台的差别时则告诉记者："有时抖音打的价格更狠，为 此我们就限制用户只能薅一次羊毛，美团价格会高一点，但是可以反复购买，长期客源较为稳定。" 9月20日，又一个"超级星期六"，陆续有上海用户发现淘宝闪购上线"到店团购"。从入口位置看，"到店 团购"相当显眼，用户打开淘宝闪购，第一排金刚位最右侧位置就是团购。配合团购上线，还同步推出 了"9.9起到店吃"之类新人福利。 《中国经营报》记者从淘宝闪购方面证实，淘宝闪购团购上线消息属实，到店团购业务已启动，首批覆 盖上海、深圳、嘉兴三个城市的核心商业区域，品类涉及茶饮、甜品、正餐、自助餐及城市特色小吃等 多个餐饮品类。"这是我们水到渠成的业务发展，我们将继续更好地服务消费者、更好地支持商家发 展。"淘宝闪购相关负责人表示。 ...

人民财讯9月29日电，港股午间收盘，恒生指数涨1.40%，恒生科技指数涨1.33%。商汤涨超4%，阿里巴巴、华虹半导体涨超3%，中芯国际涨 1.58%。 （原标题：港股午评：恒生指数涨1.4% 阿里巴巴涨超3%） ...

Core Insights - Tmall Supermarket has launched a new delivery speed of 4 hours, enhancing its logistics capabilities beyond the previous half-day delivery service [1] - The strategy for this year's Double 11 focuses on dual operations of the main store and flash purchase store, introducing new marketing initiatives [1] - The user demographic for Tmall Supermarket primarily consists of middle-class families aged 30 and above, while the flash purchase segment targets younger consumers aged 18-35 [2] Group 1 - Tmall Supermarket has implemented a 4-hour delivery service in Hangzhou, with plans to expand this service to more cities before Double 11 [1] - The introduction of flash purchase stores has led to a significant increase in order volume, surpassing 1 million orders within a month of integration [1] - The company aims to redefine both near-field and far-field business models, creating new growth opportunities for brands [1] Group 2 - The current user structure of Tmall Supermarket is predominantly composed of 30+ middle-class families, with 70% being 88VIP members [2] - The flash purchase segment has activated new consumer demands, particularly among university students and small families, representing a potential market of nearly 300 million new users [2] - The new marketing strategies aim to leverage the changing consumer behavior and preferences, presenting both opportunities and challenges for brands [2]

Group 1: Solid-State Battery Developments - A research team led by Professor Zhang Qiang from Tsinghua University has made significant progress in polymer electrolytes for lithium batteries, developing a new fluorinated polyether electrolyte that enhances physical contact and ionic conductivity at solid-state interfaces, potentially aiding the development of mature solid-state battery products [2] - The Ministry of Industry and Information Technology and eight other departments have issued an action plan emphasizing solid-state batteries as a key focus area, aiming to support the transition of lithium and sodium batteries to solid-state technology and to establish 3 to 5 global leading enterprises by 2027 [4] - As of September 25, 21 solid-state battery concept stocks have seen net purchases exceeding 100 million yuan since September, with companies like CATL, Xian Dao Intelligent, Guoxuan High-Tech, and Ganfeng Lithium leading in net purchase amounts [4] Group 2: Market Reactions and Trends - The solid-state battery sector has experienced a surge in stock prices, with several companies reaching their daily limit up due to positive market sentiment [3] - Brokerages have seen a rise in stock prices, with Guosheng Financial hitting the daily limit, and other firms like Xinda Securities, GF Securities, Huatai Securities, and CITIC Securities also experiencing gains [4] - The central bank has emphasized the need for a moderately loose monetary policy to encourage financial institutions to increase credit supply, which may positively impact the financial sector [7] Group 3: AI Infrastructure Investments - Alibaba has announced a three-year investment plan of 380 billion yuan for AI infrastructure, indicating a strong commitment to enhancing computational capabilities [11] - The demand for computational power is rapidly increasing due to the AI technology revolution, with estimates suggesting that the training requirements for large models double every 3 to 4 months [12] - Investment in computational infrastructure is expected to drive economic growth, with projections indicating that every yuan invested in the computational industry could generate 3 to 4 yuan in GDP growth [12]

智通财经APP获悉，建银国际发布研报称，将阿里巴巴-W(09988)目标价从174港元上调15%至200.7港 元。该行认为，阿里巴巴是AI领域最有潜力利用云端业务增长机会的公司，重申"跑赢大市"评级。 该行目前预测阿里巴巴云业务在2026/27/28财年增长率分别为30%/30%/25%，而先前的预测分别为 29%/28%/15%。该行预期云端运算业务的增长率将从2026财年第一季的26%，加速至第二季/第三季/第 四季的30%/32%/32%。由于对云端业务看法乐观，该行分别上调2026/27/28财年收入和盈利预测 0.1%/0.4%/2%和0.8%/0.8%/1.5%。 该行表示，阿里巴巴2025年APSAR大会召开后，该行对公司云端运算业务的增长前景更有信心，主要 原因包括：(1)管理层计划超越其现有的3年期3800亿元人民币的人工智能计划;(2)管理层对长期AI需求 持乐观态度;(3)公司AI解决方案能力强大，最新模型和产品升级表现出色;(4) 全球化策略将扩大潜在市 场规模。 ...

建银国际发布研报称，将阿里巴巴-W(09988)目标价从174港元上调15%至200.7港元。该行认为，阿里 巴巴是AI领域最有潜力利用云端业务增长机会的公司，重申"跑赢大市"评级。 该行目前预测阿里巴巴云业务在2026/27/28财年增长率分别为30%/30%/25%，而先前的预测分别为 29%/28%/15%。该行预期云端运算业务的增长率将从2026财年第一季的26%，加速至第二季/第三季/第 四季的30%/32%/32%。由于对云端业务看法乐观，该行分别上调2026/27/28财年收入和盈利预测 0.1%/0.4%/2%和0.8%/0.8%/1.5%。 该行表示，阿里巴巴2025年APSAR大会召开后，该行对公司云端运算业务的增长前景更有信心，主要 原因包括：(1)管理层计划超越其现有的3年期3800亿元人民币的人工智能计划;(2)管理层对长期AI需求 持乐观态度;(3)公司AI解决方案能力强大，最新模型和产品升级表现出色;(4)全球化策略将扩大潜在市场 规模。 ...

Market Overview - US stock market showed positive performance last Friday, supported by controlled inflation data, which favors continued interest rate cuts by the Federal Reserve [2] - The three major US indices recorded gains at closing, with the US dollar retreating and the ten-year Treasury yield maintaining at 4.17% [2] - Gold prices remained strong, and oil prices also showed upward movement [2] - Hong Kong pre-market securities generally rose, indicating a likely higher opening for the market [2] - Mainland Chinese stock market declined last Friday, with the Shanghai Composite Index opening high but closing down by 0.7% [2] - Hong Kong stocks experienced a pullback due to a lack of new positive news, leading to profit-taking by investors, with the index briefly touching 26,000 points [2] - Overall market activity remained active, but the index is expected to fluctuate between 26,000 and 27,000 points in the short term [2] Industry Insights - Alibaba's CEO, Wu Yongming, stated that large models represent the next generation of operating systems, and AI Cloud is the next generation of computing [3] - Alibaba is actively promoting an investment of 380 billion RMB in AI infrastructure, with plans for further significant investments [3] - By 2032, the energy consumption of Alibaba Cloud's global data centers is expected to increase tenfold compared to 2022, indicating an exponential increase in computing power investment [3] - The transition to Super Artificial Intelligence (ASI) is seen as a certainty, with the ultimate goal being the development of self-iterating AI that can surpass human capabilities [3] - The path to ASI is divided into three stages: emergence of intelligence, autonomous action, and self-iteration [3] - Alibaba's Tongyi Qianwen team has launched Qwen3-Max, its largest and most capable model to date, which has shown exceptional potential in high-difficulty reasoning benchmark tests [3] - The market has responded positively to Alibaba's increased investment in AI infrastructure, positioning the company as a potential industry leader and enhancing its valuation [3]

Core Viewpoint - The Hang Seng Tech Index increased by 2%, indicating a positive trend in the technology sector in Hong Kong [1] Company Performance - SenseTime, Hua Hong Semiconductor, and Alibaba each saw their stock prices rise by over 4% [1] - Kuaishou and Kingdee International experienced stock price increases of over 3% [1]

智通财经APP获悉，随着股市飙升与科技突破吸引全球资本回流，国际资管机构正重新审视中国市场的 投资价值。 高盛近期在一份报告中表示，上月全球对冲基金在A股市场的活跃度创下近年新高，这与2021年部分客 户宣称中国市场"不可投资"的情形形成鲜明对比。太平洋投资管理公司指出，如今投资者更担心错失机 会，而非纠结于风险。官方数据显示，外资正全面流入中国各类资产，这种协同增长态势在过去10年仅 出现过3次。 种种迹象表明，曾因长期监管整顿与房地产危机恶化而遭全球投资者冷落的中国市场正迎来转机。今年 以来A股2.7万亿美元的反弹行情彰显出难以忽视的吸引力，且全球基金对中国资产仍处于低配状态，意 味着未来增配空间广阔。 富达国际投资组合经理Joseph Zhang目前正持续增持中国资产，他表示："全球投资者对中国资产的兴趣 明显升温。今年的特别之处在于，中国资产重估不再是政策驱动下的狂热行情，而是由基本面改善所推 动，投资者信心有望进一步增强。" 这与2021年市场见顶后的悲观时期形成巨大反差——当时部分资产管理公司认为投资中国得不偿失。如 今，在人工智能(AI)领域的卓越成就以及顶住美国制裁压力展现出的经济韧性双重支撑 ...

人民财讯9月29日电，企查查APP显示，近日，阿里巴巴(中国)有限公司多枚"通义灵眸"商标注册成功， 国际分类涉及社会法律、科学仪器等。公开信息显示，通义灵眸是阿里巴巴旗下通义大模型推出的数字 人生成与应用平台，提供从定制开发到多场景部署的一站式解决方案。 ...