（文章来源：每日经济新闻） 每经AI快讯，阿里巴巴-W(09988.HK)再跌超4%，截至发稿，跌4.06%，报156港元，成交额204.3亿港 元。 ...

北京商报讯（记者 张绪旺）10月14日，阿里旗下跨境电商平台速卖通公布海外"双11"和"黑五"活动规 划：11月8日启动预热，11月11-19日为"双11"售卖，11月20日起无缝衔接"黑五"，一直到12月3日。大促 期间，速卖通将继续聚焦"返佣激励+海外托管+品牌出海"三大关键词助力商家。 具体而言，速卖通对优质POP商家提供最高7%销售额的返佣，已有商家最高拿到3万美元。 今年上半年，速卖通仓发订单量同比翻倍增长；GMV超50万美金的优质商家数量增长25%；超40%加 入"返佣计划"的商家收到了真金白银。 速卖通"海外托管"覆盖国家扩至30+，本地备货量激增。平台数据显示，目前速卖通家具、家电等大件 商品中，超50%成交额来自"海外托管"。比如，至少已有10万棵人造圣诞树正在运往海外，创下节日大 件商品备货新高。 速卖通持续发力品牌出海，推出"Brand+"频道，让品牌以亚马逊一半成本实现更高成交。上半年新入驻 品牌数同比增长75%。 速卖通此次明确了品牌货盘、IP货盘、品质货盘、季节货盘四大核心货盘，作为平台增长驱动力， GMV渗透已达40%。截止9月底，IP货盘GMV年同比增长50%，季节货盘同比3倍 ...

阿里巴巴-W(09988)再跌超4%，截至发稿，跌4.06%，报156港元，成交额204.3亿港元。 高盛发布研报称，将阿里2026-28财年资本支出预测大幅上调至4600亿元。分析师表示，AI资本支出转 化正重塑阿里增长预期，尽管公司近期因获利了结出现回调，但其AI云计算能力的突破性进展和国际 化扩张潜力为股价提供了新的上涨动力，预计到2028财年，国际业务将贡献阿里云外部收入的四分之 一。同步上调其美股与港股目标价约14%，维持"买入"评级。 值得注意的是，高盛分析师同时预计，受即时电商业务(包含外卖)投资影响，阿里巴巴9月季度集团 EBITA将同比下降80%。6月季度即时电商业务亏损110亿元人民币，预计9月季度将扩大至360亿元人民 币。高盛认为，即时电商业务的竞争将是关键变量。 ...

Core Viewpoint - Alibaba's stock has declined over 4%, currently trading at 156 HKD, with a trading volume of 20.43 billion HKD. Goldman Sachs has significantly raised its capital expenditure forecast for Alibaba for the fiscal years 2026-2028 to 460 billion RMB, indicating a positive outlook driven by advancements in AI and international expansion potential [1][1][1] Group 1: Financial Performance - Goldman Sachs expects Alibaba's EBITA for the September quarter to decline by 80% year-on-year, primarily due to investments in the instant e-commerce business, which includes food delivery services [1][1] - The instant e-commerce business reported a loss of 11 billion RMB in the June quarter, which is anticipated to increase to 36 billion RMB in the September quarter [1][1] Group 2: Growth Potential - The breakthrough advancements in Alibaba's AI cloud computing capabilities and the potential for international expansion are seen as new drivers for stock price growth [1][1] - Goldman Sachs projects that by the fiscal year 2028, international business will contribute to one-fourth of Alibaba Cloud's external revenue [1][1] Group 3: Stock Rating - Goldman Sachs has raised its target price for Alibaba's U.S. and Hong Kong stocks by approximately 14% while maintaining a "Buy" rating [1][1]

据介绍，速卖通将继续聚焦"返佣激励+海外托管+品牌出海"：对优质POP商家提供最高7%销售额的返 佣，已有商家最高拿到3万美元；"海外托管"覆盖国家扩至30+，本地备货量激增；持续发力品牌出海， 推出"Brand+"频道，让品牌以亚马逊一半成本实现更高成交。 新浪科技讯 10月14日下午消息，今天，阿里旗下跨境电商平台速卖通公布了海外双11和黑五活动时 间：11月8日启动预热，11月11-19日为双11售卖。11月20日起无缝衔接黑五，一直持续到12月3日。 责任编辑：江钰涵 ...

Group 1: AI Development Trends - AI technology is a strategic driver of the new technological revolution and industrial transformation, emphasized by Chinese leadership as essential for high-quality economic development[5] - The competition in AI, particularly in large models, has expanded from technology to infrastructure, industry ecology, standards, and governance rules between China and the US[6] - By 2024, the performance gap in major benchmarks between top AI models in China and the US has narrowed from 17.5% in 2023 to just 0.3%[7] Group 2: Market Penetration and Application - In the US, approximately 49% of enterprises report that AI has reduced costs, with the financial sector showing the highest penetration rate at 78%[17] - ChatGPT's monthly active users are projected to reach nearly 1 billion by the end of 2025, driven by its innovative features[17] - In China, the daily token call volume for the Doubao model reached 16.4 trillion in May 2025, marking a 310% increase year-on-year[21] Group 3: Commercialization Strategies - The US AI market relies on high-priced APIs and subscription models, with OpenAI's GPT-4.5 API costing $75 per million tokens, significantly higher than China's pricing[55] - China's AI models focus on low-cost APIs, with prices as low as 2.4 yuan per million tokens, promoting widespread adoption across industries[55] - The integration of AI into traditional applications has led to significant increases in user engagement, with Douyin's user base growing by 13.5% year-on-year[60]

双11前，速卖通"海外托管"覆盖国家市场扩至30多个，商家将货品提前备至当地市场海外仓后，由平台 统一负责后续的销售、营销与用户运营，并可享受"local+"（本地现货）打标；部分国家还上线了官方 物流，本地配送时长节约了50%。 平台数据显示，目前速卖通家具、家电等大件商品中，超50%成交额来自"海外托管"。此外，至少已有 10万棵人造圣诞树正在运往海外，将在双11及黑五期间加入"海外托管"，创下节日大件商品备货新高。 扬子晚报/紫牛新闻记者 徐晓风 据介绍，速卖通将继续聚焦"返佣激励+海外托管+品牌出海"：对优质POP商家提供最高7%销售额的返 佣，已有商家最高拿到3万美元；"海外托管"覆盖国家扩至30+，本地备货量激增；持续发力品牌出海， 推出"Brand+"频道，让品牌以一半成本实现更高成交。 对于不适合空运、跨境直发周期长的大件商品来说，专门服务本地化履约的"海外托管"模式成为双11增 长关键。 今天，阿里旗下跨境电商平台速卖通公布了海外双11和黑五活动时间：11月8日启动预热，11月11-19日 为双11售卖。11月20日起无缝衔接黑五，一直到12月3日，为跨境商家带来长达1个月的生意爆发。 ...

Core Insights - Qixian Xiaochu has shown significant sales performance since its opening, with monthly sales reaching 2,000 orders on Taobao Flash Sale and 400 orders on Meituan Waimai, indicating strong market interest [2] - The entry of Qixian Xiaochu into multiple platforms like Meituan and Taobao Flash Sale reflects a strategic shift to enhance order volume and brand exposure, moving away from reliance on a single platform [3][4] Sales Performance - Qixian Xiaochu has sold a total of 90,000 orders since its opening on the JD Instant Delivery platform [2] - The price for a rice bowl meal ranges from 15 to 20 yuan after applying large red envelope discounts on both Meituan and Taobao Flash Sale, with JD Instant Delivery offering the lowest prices [2] Strategic Partnerships - Qixian Xiaochu's willingness to collaborate with other platforms was evident from its initial opening, where it only partnered with JD Instant Delivery [3] - The decision to enter Meituan and Taobao Flash Sale is seen as a response to the need for increased traffic and a shift in positioning, as these platforms provide extensive user reach and delivery networks [3] Industry Context - The entry of Qixian Xiaochu into multiple platforms signifies a new phase in the food delivery industry, moving from intense competition to a more collaborative approach [4] - JD's focus has shifted towards improving platform systems and user experiences rather than engaging in price wars, indicating a strategic pivot in the industry [4] - The relationship between JD and Meituan has evolved from competition to collaboration, driven by mutual strategic needs for traffic and quality upgrades [4]

2025.10. 14 本文字数：1125，阅读时长大约2分钟 作者 | 第一财经 陆涵之 近期，京东旗下外卖品牌七鲜小厨在美团外卖、淘宝闪购等平台低调上线。 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 在菜品价格上，美团外卖和淘宝闪购均可叠加大额红包使用，一份盖浇饭券后价格在15元到20元之 间。以盖浇饭为例，第一财经记者对比了三个平台的价格，目前仍是京东秒送的价格最低。 七鲜小厨刚开业时，就发出了愿意与其他平台合作的信号。 今年7月20日，七鲜小厨首家外卖自营门店开业，用户可以在线上下单，采取 "外卖+自提"的模 式。当时七鲜小厨仅入驻了京东秒送，没有入驻美团或者淘宝闪购。七鲜小厨业务负责人刘斌后续表 示，对于入驻其他平台，七鲜小厨的心态非常开放，只要消费者有需求或者其他平台愿意，就可以一 起合作。 对此，网经社电子商务研究中心数字生活分析师陈礼腾对第一财经 ...

Core Viewpoint - The article discusses the launch of iFlow CLI by Alibaba's Heartflow research team as a strong domestic alternative to Claude Code, emphasizing its performance, user-friendliness, and free access for individual users [2][58]. Performance Comparison - iFlow CLI outperforms Claude Code and Codex in four benchmark tests: GAIA (general search Q&A), SWE-bench (GitHub code repair), Terminal-Bench (diverse CLI usage scenarios), and BrowseComp-ZH (Chinese general search) [2]. - The performance of iFlow CLI is enhanced by integrating top domestic open-source models like Qwen3-Coder, DeepSeek-V3.1-Terminus, Kimi-K2-0905, and GLM-4.5 [4][6]. Features and Advantages - iFlow CLI offers zero-cost access to advanced models such as Qwen3 MAX, Kimi K2, DeepSeek V3.2, and GLM4.6, with no usage limits [7]. - The tool supports natural language commands for task execution, enabling full automation of workflows [9]. - iFlow CLI includes features like custom commands, task tools, and a built-in open market, enhancing its usability for developers [10][11]. User Experience - The installation process for iFlow CLI is straightforward, requiring only a single command in the terminal [14]. - Users can perform complex tasks, such as data analysis and code reviews, with simple commands, significantly reducing the learning curve [20][29]. - The tool allows for the creation of sub-agents tailored to specific tasks, enhancing its versatility [43][45]. Market Position and Implications - iFlow CLI represents a significant advancement in the domestic AI ecosystem, particularly in light of changes in usage policies by overseas tools like Claude [56][58]. - The tool's free access and supportive community platform foster a conducive environment for the proliferation of AI applications among domestic developers [58].