梭子蟹才刚上桌一个月，大家已经开始想念大闸蟹的味道了。记者搜索淘宝发现，9月初，已经有2.5两的全母蟹活蟹在销售 了。 值得一提的是，围绕活蟹销售，今年在行业的推动下，大闸蟹商家打通天猫官旗和淘宝闪购，上线"远近一体"服务。 阳澄湖大闸蟹是最受消费者青睐的品种之一，为了让消费者可以安心购买到正宗的阳澄湖大闸蟹，今年天猫制定了更为严 格的规范，做实"一蟹一扣"、"一店一码"、"一箱一贴"和"假一赔四"。 天猫上售卖的阳澄湖大闸蟹，产品上架前，平台会进行资质审核，只有取得苏州市阳澄湖大闸蟹行业协会2025年经营授权 的会员单位，准许产品上架。所有销售阳澄湖大闸蟹的商家，都会在商品主图的第2张和详情页的第1帧明示其销售资质， 让消费者一眼就能分辨。 同时，平台还升级真实体验分机制，对履约发货、足斤足两、售后服务等全链路加强监督，并对优质商品打标"产地优 选"。"每年中秋买蟹我们都是选天猫的，选择比较多，关键是平台有保障。"来自杭州的消费者陈女士表示，"现在天猫每一 只阳澄湖大闸蟹都有防伪扣，扫一扫就知道是不是阳澄湖的，不用担心买到假货，特别省心。" 淘宝天猫大闸蟹品类小二张海川告诉记者，今年受到闰六月的影响，加之夏 ...

Group 1 - The core point of the article is that Zhongdian Xindong has confirmed that it is currently not collaborating with Alibaba on AI chip development [1] Group 2 - Zhongdian Xindong made this statement on September 5 during an interaction on a platform [1]

Market Overview - The global stock markets showed mixed performance, with the Hang Seng Index closing at 25,059, down 1.12% for the day but up 24.92% year-to-date [1] - The US markets, including the Dow Jones and S&P 500, experienced gains of 0.77% and 0.83% respectively, while the Nasdaq rose by 0.98% [1] - Chinese stock markets faced declines, particularly in hardware technology, with the Shenzhen Composite Index down 2.05% [1][3] Sector Performance - In the Hong Kong market, the Hang Seng Financial Index decreased by 0.42%, while the Hang Seng Industrial Index fell by 1.58% [2] - The hardware technology sector in China led the declines, while sectors such as retail and food saw gains [3] - The US market saw a rise in consumer discretionary, banking, and solar sectors, while utilities and AI-related stocks lagged [3] Company Analysis - Salesforce reported a 10% year-on-year revenue growth to $10.2 billion for Q2 FY26, with non-GAAP net profit increasing by 12% to $2.8 billion, aligning with Bloomberg consensus [4] - The company’s cRPO grew by 11% to $29.4 billion, driven by strong orders from small and medium-sized enterprises [4] - Salesforce's AI and data cloud business saw an impressive annual recurring revenue growth of approximately 120% [4] Investment Recommendations - The report maintains a "Buy" rating for several companies, including Geely Automobile, Li Auto, and Tencent, with target prices indicating significant upside potential [5] - Geely Automobile is rated "Buy" with a target price of 25.00 HKD, representing a 37% upside from its current price of 18.24 HKD [5] - Tencent is also rated "Buy" with a target price of 705.00 HKD, suggesting an 18% upside from its current price of 599.50 HKD [5]

Core Points - Alibaba has initiated an exchange offer for its outstanding senior notes totaling up to $1 billion due in 2030, $1.15 billion due in 2035, and $500 million due in 2054 [1] - The exchange notes are registered under the Securities Act of 1933 and are intended to exchange for an equal principal amount of the outstanding notes [1] - The company clarified that the exchange offer does not represent a new financing transaction and will not generate any proceeds from the exchange [1]

美东时间周四(9月4日)，美股集体收高，三大指数均涨近1%，其中标普500指数再创收盘新高。疲软的ADP私营企业就业人数使投资者认为足以让美联储在9 月降息，但又不足以预示衰退，而市场焦点将转移到今晚将公布的8月非农就业数据。 截至收盘，标普500指数涨0.83%，报6502.08点，刷新了上周四录得的收盘纪录，这也是该指数年内第21次收于新高；道琼斯指数涨0.77%，报45621.29点； 纳斯达克指数涨0.98%，报21707.69点，两者也均处于历史高位附近。 来源：市场资讯 （来源：要闻君） 【市场点评】 隔夜美股盘前公布的"小非农"，8月私营企业就业人数增幅为5.4万人，低于市场预估。加上初请失业金人数高于预期，共同指向美国劳动力市场正在降温， 这令交易员认为，疲软的数据足以让美联储在9月降息，但又不足以预示衰退。 有分析师指出，美联储已经无法无视劳动力市场的变化，因为ADP数据强化了显著放缓的说法，"可以预期央行9月降低利率，以平衡风险。" 而今晚即将公布的非农就业数据或将"拍板"美联储9月利率决议。交易员们希望该报告能够增强未来进一步降息的可能性，同时又不至于引发市场对经济衰 退的恐慌。 | 取 ...

Market Performance - On September 4, US stock indices closed higher, with the Dow Jones Industrial Average up 0.77%, the Nasdaq up 0.98%, and the S&P 500 up 0.83%, reaching new closing highs [1] - Major tech stocks saw significant gains, with Amazon rising over 4%, Netflix over 2%, and Google reaching a historical high with a 0.68% increase [1] - Chinese concept stocks generally declined, with the Nasdaq Golden Dragon China Index down 1.11%, and several companies like Alibaba and NIO dropping over 3% [1] Federal Reserve Developments - The Federal Reserve is experiencing internal divisions regarding interest rate decisions, with some members advocating for rate cuts while others emphasize inflation risks [6] - The probability of the Fed maintaining rates in September is 0.6%, while the likelihood of a 25 basis point cut is 99.4% [6] - Recent comments from New York Fed President John Williams suggest that while a rate cut may be appropriate over time, the impact of tariffs on inflation has been less severe than initially feared [6] Legal and Political Context - The Trump administration has urged the Supreme Court to expedite a ruling on tariffs, claiming that a recent appellate court decision undermines presidential authority in foreign trade matters [3] - The investigation into Federal Reserve Governor Lisa Cook by the Justice Department raises questions about her potential dismissal by Trump, marking a significant escalation in tensions between the administration and the Fed [4][5] - Trump's recent actions, including submitting new arguments to the Supreme Court, reflect ongoing conflicts regarding economic policy and the independence of the Federal Reserve [3][4]

国务院办公厅近日印发了《关于释放体育消费潜力进一步推进体育产业高质量发展的意见》，从扩大体育 产品供给、激发体育消费需求、壮大体育经营主体、培育体育产业增长点、强化产业要素支撑、提升服务 保障水平等方面，提出20条举措，进一步推进体育产业高质量发展。 1、国办印发！事关释放体育消费潜力 重要程度：★★★★★ 《意见》明确，到2030年，要培育一批具有世界影响力的体育企业和体育赛事，体育产业发展水平大幅跃 升，总规模超过7万亿元，在构建新发展格局中发挥重要作用。 2、一文读懂华为Mate XTs发布会 麒麟芯片迈上台前 重要程度：★★★★ 9月4日，华为在深圳举行华为Mate XTs非凡大师及全场景新品发布会，华为常务董事、终端BG董事长余承 东正式发布三折叠手机华为Mate XTs非凡大师，这也是去年发布首款商用三折叠手机之后华为发布的第二 款商用三折叠。华为Mate XTs 非凡大师价格17999元起售。 不同于过往手机发布会对芯片配置只字不提，此次发布会公开展示了华为Mate XTs非凡大师内部芯片配置 ——麒麟9020芯片，余承东称使用麒麟9020芯片和鸿蒙系统后，手机深度优化，整机性能提升36%。 3 ...

Core Viewpoint - Alibaba's chip development is primarily aimed at ensuring the security of its cloud business supply chain, rather than establishing a standalone, profitable hardware business, which presents a less optimistic outlook [2][22]. Investment and Development - Since the establishment of "Pingtouge" semiconductor in 2018, Alibaba has significantly increased its investment in chip research and development, exceeding 100 billion yuan in the past four quarters, with plans to invest over 380 billion yuan in the next three years for cloud and AI hardware infrastructure, including chip development [6][21]. Chip Development Timeline - Alibaba's chip journey has gone through several phases, starting with the acquisition of Zhongtianwei and the establishment of "Pingtouge" [8]. The launch of the Hanguang 800 chip in 2019 marked a significant step in its ambition to reshape cloud AI computing power, achieving a peak performance of 78,563 images per second in ResNet-50 inference tasks [9]. The Yitian 710 chip was introduced in 2021, shifting focus from AI inference to general server CPUs, indicating a deep integration of its chip strategy with its cloud business [10][11]. Market Reception and Challenges - Despite the advancements, there are ongoing doubts regarding the practical application and stability of Alibaba's chips in production environments, with limited large-scale customer cases reported [12][14]. The new AI inference chip currently under testing faces similar scrutiny regarding its manufacturing capacity and compatibility with Alibaba's data center deployment [15]. Ecosystem and Software Support - The success of Alibaba's chips hinges not only on hardware performance but also on the availability of a mature software ecosystem. Without stable compilers, operator libraries, and third-party application support, the chips may struggle to gain market traction [17]. Comparatively, NVIDIA's dominance is attributed to its robust ecosystem, particularly with CUDA, which facilitates code portability for developers [19]. Strategic Positioning - Alibaba's entry into the chip sector appears to be more defensive, aimed at managing supply chain risks rather than creating a new profit center. The lack of separate revenue reporting for its chip business in financial statements suggests a focus on strategic reserves rather than market expansion [21][22].

周四，三大指数收涨。美国初请失业金人数升至6月份以来最高水平，进一步证明劳动力市场正在降 温。数据显示，截至8月30日当周初请失业金人数增加8000人至23.7万人。机构调查预测中值为23万 人。而续请失业金人数基本持平，为194万人。 【美股】截至收盘，道指涨350.06点，涨幅为0.77%，报45621.29点；纳指涨209.97点，涨幅为0.98%， 报21707.69点；标普500指数涨53.82点，涨幅为0.83%，报6502.08点。英特尔(INTC.US)涨超2%， C3.ai(AI.US)跌超7%，特斯拉(TSLA.US)涨1%。纳斯达克中国金龙指数收跌1.1%，阿里巴巴(BABA.US) 跌4%。 【欧股】德国DAX30指数涨165.61点，涨幅0.70%，报23766.14点；英国富时100指数涨33.76点，涨幅 0.37%，报9211.75点；法国CAC40指数跌20.79点，跌幅0.27%，报7698.92点；欧洲斯托克50指数涨 19.84点，涨幅0.37%，报5344.85点；西班牙IBEX35指数涨126.46点，涨幅0.86%，报14913.36点；意大 利富时MIB指数涨1 ...

Core Insights - The AI model iAorta, developed by Zhejiang University First Affiliated Hospital and Alibaba Damo Academy, can quickly identify acute aortic syndrome risks in routine CT scans within seconds [1][3] - iAorta has been deployed in the first 10 hospitals in Zhejiang and aims for nationwide expansion [1][4] Group 1: AI Model Development - The iAorta model was developed to address the challenge of diagnosing acute aortic syndrome, which often goes undetected due to atypical symptoms [2][3] - The model integrates with hospital PACs systems, allowing simultaneous analysis of CT scans as doctors review them [3][4] Group 2: Performance Metrics - iAorta demonstrated a sensitivity of 97% and specificity of 94% in identifying acute aortic syndrome [4] - In a retrospective study involving 130,000 patients, iAorta achieved a sensitivity of 92.6% and specificity of 99.2%, significantly reducing the misdiagnosis rate from 48.8% to 4.8% [4][5] Group 3: Clinical Impact - The average diagnosis time for acute aortic syndrome was reduced from 11.4 hours to 1.1 hours with the use of iAorta [5] - In a prospective study with over 15,000 patients, iAorta identified 22 cases of acute aortic syndrome, achieving a specificity of 99.4% and sensitivity of 95.5% [6]