智通财经报道，8月13日，据科创板日报消息，在阿里任职长达25年的阿里巴巴集团前合伙人蔡景现已 离职，其阿里内外平台状态显示为"退隐江湖"，接近阿里的人士确认了这一消息。 截至发稿，阿里官方尚未就上述消息进行回应。 公开资料显示，蔡景现花名"多隆"，是淘宝初创团队的三个开发工程师之一，被称为"淘宝第一个程序 员"。2000年，蔡景现从杭州大学生物系硕士毕业后，加入了当时名不见经传的阿里巴巴。2003年，他 被马云拉进淘宝项目组，与另外两位工程师一起，在短短一个月内，从零开始搭建起淘宝网站，并完成 交易系统和论坛系统的开发。 2014年4月，蔡景现通过阿里巴巴合伙人提名委员会评审，并于同年9月正式成为集团合伙人。在成为阿 里合伙人之后，蔡景现2017年还登上了胡润财富榜，身家达到26亿元。 图片来源：红星资本局视频截图 2023年，随着阿里巴巴集团"1+6+N"架构变革，蔡景现退出合伙人名单。 公开资料显示，阿里合伙人最多的时期达到38人。而目前总人数精简至17人，达到2014年上市以来最 低。根据阿里集团2025财年年报的最新合伙人信息，今年有9名合伙人退出，其中包括两位"十八罗 汉"成员彭蕾和戴珊，以及曾掌 ...

每经编辑｜段炼 据红星新闻，近日有消息称，阿里巴巴集团前合伙人蔡景现已离职，其阿里内外平台状态显示为"退隐江湖"。有接近阿里的人士确认了这一消息。 蔡景现花名"多隆"，早在2000年就加入了阿里巴巴，是淘宝初创团队的三个开发工程师之一，被称为淘宝第一个程序员。他主导构建了淘宝交易系统和论 坛系统，在2003年到2007年，还曾一个人负责淘宝搜索引擎全部开发与维护工作。 蔡景现 图片来源：红星新闻 "多隆"的某些性格也确实符合蔡景现的人设。阿里前CTO张建峰曾回忆：网站如果要改点什么，只要跑到多隆那儿说一下，当你回到自己座位打开页面的 时候，就已经是你要的结果了。在他的回忆里，蔡景现总能以很快的速度解决一些别人看起来奇形怪状的问题，哪怕他以前从未接触过。 20多年前，蔡景现被马云拉进了一个秘密项目，和另外两位工程师一起从零开始，要在一个月内，搭建一个名叫"淘宝"的网站，并涵盖所有交易系统和论 坛系统。 曾有网帖称，很多产品早期都是他一个人开发维护。当时淘宝一有问题，大家就说找总管多隆看看。多隆做事一个人能顶一个团队，从2003年到2007年， 淘宝搜索引擎就是他一个人在维护，而且这还不是他全部的工作。 蔡景现不 ...

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Index Hong Kong Fundamental 50 Index (Hong Kong F50), which rose by 1.58% to 2241.5 points, with a trading volume of 92.465 billion yuan [1] - The Hong Kong F50 Index has shown significant growth, increasing by 3.05% over the past month, 9.54% over the past three months, and 20.51% year-to-date [1] - The index selects the 50 listed companies with the strongest fundamental value from the Hong Kong market, using a fundamental value-weighted calculation to mitigate the impact of overvalued securities typically seen in traditional market capitalization indices [1] Group 2 - The top ten holdings of the Hong Kong F50 Index include major companies such as China Construction Bank (11.11%), China Mobile (7.75%), and Tencent Holdings (5.36%) [1] - The index is fully composed of companies listed on the Hong Kong Stock Exchange, with a total market share of 100% [1] - The industry composition of the index shows that finance accounts for 39.49%, communication services for 19.16%, and energy for 11.72%, among other sectors [2] Group 3 - The index samples are adjusted annually, with changes implemented on the next trading day after the second Friday of June each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - Companies that are delisted or undergo mergers, acquisitions, or splits are handled according to specific calculation and maintenance guidelines [2]

净卖出盈富基金68.5亿、恒生中国企业23.11亿、腾讯控股2.5亿、阿里巴巴-W 2.43亿、美团-W 1.88亿。 据统计，南下资金已连续5日净买入小米，共计33.1711亿港元。(格隆汇) 净买入信达生物7.09亿、理想汽车-W 3.66亿、鸿腾精密2.34亿、小米集团-W 1.75亿； 格隆汇8月13日｜港股今日大涨之际，南下资金净卖出港股82.77亿港元。其中： | | 沪股通 | | | 深股通 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 流跌幅 | 净买入额(亿) | 成交额 | 名称 | 涨跌幅 | 净买入额(亿) | 成交额 | | 腾讯控股 | 4.7% | -1.81 | 51.84 ( | 腾讯控股 | 4.7% | -0.70 | 39.10亿 | | 阿里巴-W | 6.1% | -5.25 | 49.20 Z | 阿里巴-W | 6.1% | 2.82 | 36.78 Z | | 做高基金 | 2.4% | -46.46 | 46.54 / | 盈高星金 | 2.4% | -22.04 | 22 ...

0:00 本山老师、前阿里巴巴董事局主席 马云一起吃饭的画面。[并不简单] ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | | 09988 | 說明 | | | | | | | | 多櫃檯證券代號 | | 89988 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | | 事件 | ...

镜相工作室 . 以下文章来源于镜相工作室 ，作者镜相作者 商业世界的风向与人 卷入香港，卷向全球。 文 ｜ 李丹 编辑 ｜ 卢枕 来源｜ 镜相工作室（ID：shangyejingxiang） 封面来源 ｜ unsplash 走在香港街头，你可能会误以为自己还身在深圳。 旺角的街道转角，抬头就能看到京东的巨幅广告：熟悉的白色小狗双手叉腰，旁边是几个直白的大字——"全港比价！买贵就赔！"广告语还"拉踩"线下商 铺，"两层楼嘅电器铺，唔卖得贵点够交租？"大角咀的餐馆门上，贴上了黄色的美团Keeta贴纸，门外，外卖员坐在后座放有黄色保温箱的摩托车上等待。 街上驶过的双层巴士，被漆成了"淘宝橙"，印着"咩都包邮，包咩都有"的淘宝广告。 香港，正在成为内地互联网大厂都要抢占的一个桥头堡。这个高度开放、消费多元、连接中外的市场，被互联网大厂寄予了出海练兵、品牌渗透的重任。 不同于过去以云服务、AI、金融支付等业务为主，这一次，大厂们从街头开始，争夺港人的生活入口。香港的消费也在方方面面被内地大厂影响、重塑。 大厂们为何集体抢滩香港？在这个战场上，他们将面临哪些机遇和挑战？ 去年双十一前后，淘宝、京东、拼多多均陆续将香港纳入 ...

Core Viewpoint - Southbound capital has seen a record net inflow of over 910 billion HKD this year, indicating strong interest in the Hong Kong stock market, which has outperformed major global indices [2][4]. Group 1: Southbound Capital Inflow - As of August 12, 2023, the cumulative net inflow of southbound capital reached 910.29 billion HKD, surpassing the total for the entire year of 2024, with over 80% of trading days showing net inflows [4]. - The financial, information technology, consumer discretionary, healthcare, and communication services sectors have the highest market value holdings from southbound capital [4]. - Major holdings include Tencent Holdings at nearly 560 billion HKD, with other significant positions in China Construction Bank, China Mobile, and Industrial and Commercial Bank of China, each exceeding 200 billion HKD [4]. Group 2: ETF Inflows - The top ten cross-border ETFs by net inflow this year are all Hong Kong products, with the Huaxia Hong Kong Internet ETF leading at 33.37 billion HKD [4]. - Other notable ETFs include the Southern Hong Kong Technology 30 ETF and the E Fund Hong Kong Non-Bank ETF, each attracting over 10 billion HKD [5]. Group 3: Market Dynamics and Valuation - The pricing power of southbound capital in the Hong Kong market varies by sector, with significant influence in dividend stocks, while growth stocks remain contested between domestic and international investors [5]. - The southbound trading volume has risen to over 40% of the total trading amount for interconnect stocks, with expectations of cumulative net inflows exceeding 1 trillion HKD by 2025 [5]. - The Hong Kong market is viewed as being in a mid-stage of value recovery, with key sectors like internet and innovative pharmaceuticals still undervalued [7]. Group 4: Future Outlook - The Hong Kong stock market is expected to benefit from improved liquidity, reduced external risks, and potential policy support, leading to a narrowing of the A/H premium [7]. - The internet sector is anticipated to begin a valuation recovery from the second half of 2024, with significant growth potential for technology stocks as the market sentiment shifts from pessimism to neutrality [7].

行业研究丨深度报告丨软件与服务 [Table_Title] 云计算行业深度：大象无形，应用的血液 %% %% %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] 云计算的本质是利用网络实现资源的集中管理和动态分配。云计算厂商通过分布式技术将海量 计算资源整合为虚拟化资源池，按需向用户提供动态扩展的服务。复盘海外和国内的头部云厂 发展历史，我们认为云计算行业发展的第一驱动力是外部不断涌现出新的需求。本轮 AI 周期是 云计算行业继移动互联网、企业云转型等周期之后迎来的最新一轮需求井喷。云计算是推理范 式下算力最核心环节，AI 为云计算行业同时带来质变和量变。随着 AI 业务比例增加，国内云 厂的盈利能力有望得到持续改善。 分析师及联系人 [Table_Author] 宗建树 SAC：S0490520030004 SFC：BUX668 请阅读最后评级说明和重要声明 2 / 26 %% %% %% %% research.95579.com 2 软件与服务 cjzqdt11111 [Table_Title 云计算行业深度：大象无形，应用的血液 2] 行业 ...

Market Overview - A-shares experienced a significant rally, with the Shanghai Composite Index achieving an 8-day winning streak and reaching a new high since December 2021, closing at 3683.46 points, up 0.48% [1] - The total trading volume in the A-share market exceeded 2 trillion yuan for the first time since February 27, with a total of 21,756 billion yuan traded [1] - The Hong Kong stock market also saw substantial gains, with the Hang Seng Index rising over 2% and the Hang Seng Tech Index increasing over 3% [1] AI Industry - AI-related stocks surged, with notable gains including Guangku Technology and Robotech both hitting the 20% limit up, and Industrial Fulian also reaching the limit up [2][4] - Industrial Fulian reported a revenue of 360.76 billion yuan for the first half of 2025, a year-on-year increase of 35.58%, and a net profit of 12.11 billion yuan, up 38.61% [4][5] - The demand for AI servers is expected to grow significantly, driven by increased capital expenditures from major North American cloud service providers [4][5] Innovative Pharmaceuticals - The innovative drug sector saw strong performance, with Shouyao Holdings hitting the 20% limit up, and other companies like Microchip Biotech and WuXi AppTec also posting significant gains [6][8] - The National Medical Insurance Administration has established a "new drug pricing mechanism," which is expected to provide innovative drug manufacturers with greater pricing flexibility and efficiency [8] Humanoid Robotics - The humanoid robotics sector showed renewed activity, with companies like Shenglan Co. and Jieke Co. seeing substantial increases in stock prices [9][11] - The World Robot Conference held in Beijing highlighted advancements in embodied intelligent robots, with local governments offering subsidies for robot purchases [9][11] - The industry is expected to benefit from various supportive policies and events, including the upcoming World Humanoid Robot Games and other robotics-related conferences [11]