7月9日，阿里巴巴集团旗下高德地图正式上线多语言地图，在原有的中英文基础上，新增多达14种语言，包括西班牙语、葡萄牙语、法语、德语、泰语、日 语、韩语、土耳其语、意大利语、俄语、阿拉伯语、马来语、印尼语、越南语。 现在，海外用户可通过App Store和Google Play直接下载高德地图多语言版。 同时，多语言版接入了高德地图英文版的打车能力，外国游客在中国大陆可一键呼叫多平台车辆，并直观掌握上车点位置、费用明细等信息。 高德地图多语言版实现了产品界面与地理信息的多语种适配，能够精准呈现中国各地地理位置，并标注了各地景点、餐厅、酒店等关键场所的名称与介绍， 可帮助外国游客快速熟悉周边环境。 此外，多语言版全面接入高德地图的各项基础能力，使外国游客能体验到与本地用户相同的驾车、步行、骑行及公共交通导航服务。 而高德地图此次推出的多语言版本，进一步拓展了服务的语言覆盖面，使更多非英语国家的用户也能享受高德地图提供的优质出行服务，不过目前来看，高 德地图的主要范围还是国内。 本文系观察者网独家稿件，未经授权，不得转载。 今年，高德持续拓展海外版本功能。年初，高德率先推出国内首个面向海外用户的英文版地图，为海外用 ...

搜索引擎曾是 PC互联网时代的流量王者，百度凭此稳坐了多年的中文互联网"头把交椅"。即便腾讯、360等追赶者推出多款桌面浏览器产品，也难以动摇 其地位。 智能手机的普及催生了移动互联网时代。超级APP们割裂出一个个数据孤岛，让搜索引擎的高效只能局限于自家地盘。阿里巴巴旗下的夸克再一次发起在 搜索和浏览器赛道的冲锋，且取得了不小战果。 如今随着AI时代的加速降临，百度引以为豪的搜索框与腾讯、阿里后发的浏览器，正在被打破边界融合在一起。一个名为Agentic Browser（智能体浏览 器）的新物种悄然诞生，一场新的流量战争也在酝酿之中。 在今年5月底的谷歌I/O大会上，号称重构了谷歌传统搜索逻辑的AI Mode备受瞩目。它基于先进的推理和多模态分析能力，不再仅仅专注于回答问题，而 是为搜索带来了全新的智能体验。 无独有偶，前不久的百度AI DAY活动中，百度搜索也官宣了十年来最大的改版升级，过去的搜索框变大为"智能框"，可以满足超千字的长文本搜索、文 件搜索、AI工具调用、语音搜等多模态、更丰富的搜索需求。 与此同时，腾讯的QQ浏览器、阿里的夸克浏览器，都在生成式大语言模型的技术加持下，不断进行AI化的改造和迭 ...

Core Viewpoint - Alibaba's stock has shown a nearly 50% increase over the past year, but it remains 65% below its all-time high from October 2020, indicating potential for future growth despite challenges [1][2]. Financial Performance - In fiscal 2022, Alibaba's revenue grew by 19%, but growth slowed to 2% in fiscal 2023, 8% in fiscal 2024, and is projected at 6% for fiscal 2025, primarily due to regulatory and macroeconomic challenges [2][4][5]. - Analysts expect Alibaba's revenue to rise by 7% in fiscal 2026 and by 8% in fiscal 2027, with adjusted EPS growth projected at 8% and 14% respectively [10]. Challenges Faced - Alibaba faced significant regulatory challenges, including fines and restrictions from China's antitrust regulators, which limited its competitive strategies [4]. - The Chinese economy's slowdown, exacerbated by "zero-COVID" policies and a weak real estate market, negatively impacted consumer spending and cloud customer expenditures [5]. - Leadership changes, including the departure of CEO Daniel Zhang in 2023, raised concerns about the company's growth trajectory [6]. Business Stabilization - Despite challenges, Alibaba's retail business saw growth in overseas markets, which helped offset weaker performance in its domestic marketplaces [7]. - The company implemented cost-cutting measures, share buybacks, and increased revenue from higher-margin cloud and AI businesses, leading to improved earnings per share [8]. Future Outlook - Alibaba's stock trades at 11 times its forward adjusted earnings, with potential for a higher valuation if trade tensions ease, possibly rising to about $167 by fiscal 2027 [12]. - The company may integrate its various business units more closely, enhancing its competitive position against less diversified rivals [11].

Core Viewpoint - The article discusses the intense competition between Alibaba's Taobao and Meituan in the food delivery and instant retail sectors, highlighting a significant battle on July 5, where Taobao launched a major offensive against Meituan, aiming to increase its market share in both food delivery and retail orders [6][8][24]. Group 1: Taobao's Strategy and Actions - On July 5, Taobao's flash purchase service aimed to achieve 70 million orders, competing directly with Meituan's usual daily order volume of around 90 million [7][19]. - Taobao's flash purchase received a substantial investment of 50 billion yuan, enabling it to aggressively pursue market share in the food delivery sector [7][8]. - The ambition of Taobao's flash purchase is to elevate retail order volumes alongside food delivery, integrating near-field e-commerce with traditional e-commerce [8][22]. Group 2: Meituan's Response - Meituan's leadership quickly mobilized its team in response to Taobao's aggressive strategy, with a focus on maintaining its market share and countering Taobao's subsidies [18][19]. - Meituan's strategy included significant subsidies to both consumers and delivery personnel, aiming to retain customer loyalty and order volume amidst the competitive pressure [20][21]. - The competition led to a record-breaking day for both platforms, with Meituan reporting over 1.2 billion orders and Taobao exceeding 80 million orders on the same day [26][28]. Group 3: Market Dynamics and Implications - The competition between Taobao and Meituan reflects a broader trend in the instant retail market, where both companies are striving to capture consumer demand through aggressive marketing and operational strategies [22][31]. - The article notes that the combined order volume of 200 million on that day indicates a significant shift in consumer behavior and market dynamics, with both companies willing to incur substantial losses to gain market share [28][29]. - The ongoing battle is expected to reshape the landscape of instant retail, with both companies aiming to establish themselves as leaders in this rapidly evolving sector [24][34].

本报讯 （记者闫立良）7月10日，全球领先的消费者研究与零售监测公司尼尔森IQ（NielsenIQ）与阿里 巴巴集团旗下高德地图的行业智能品牌——高德云图正式签署产品战略合作协议，双方将联合推出新一 代零售智能铺货解决方案"通路云图"，旨在将尼尔森IQ百年快消品方法论与高德空间智能技术深度结 合，为品牌商提供覆盖全国、实时更新的精准铺货决策支持，推动零售行业数字化转型进入新阶段。 尼尔森IQ中国区董事总经理周凌卿表示，与高德云图的合作标志着尼尔森IQ在数字化赋能零售领域的 又一重大突破。通过空间智能与零售智能的深度结合，全新的"通路云图"将提供全国线下零售核心渠道 的门店清单和门店级别品类销售指数，帮助品牌在动态市场中实现"先人一步"的精准布局。 高德云图商业总经理韩鹏说，高德云图一直致力于发展空间智能在产业中的应用，通过和尼尔森IQ的 合作，实现了空间智能和行业专家能力的深度融合，双方打造的智能决策产品，将促进整个产业的 AI+革命。 此次双方计划联合推出的"通路云图"，将发挥"全、鲜、准、精"的核心价值，打造"all-in-one"一站式解 决方案，助力零售品牌精准投放，抢占市场先机。 在零售业数字化、智 ...

打仗士兵才值钱。 作者 | 任彩茹 彭倩 编辑 | 乔芊 杨轩 9:00 ， 淘宝 ： 双线作战，发起冲锋 7月5日，一个 普普通通 的 盛夏周 六， 对肖雨却不普通 。 作为 重庆渝中区的饿了么外卖员 ，她两三天前就 收到了"打仗"信号 ： 所有早班人员比平日提前一小时到岗，因为"近几天的单量会 非常 多" 。 当天早上9点，肖雨 被拉进 一场钉钉会议，跟 同事 同步注意事项后，立即给自己的队员们打电话，"赶紧出来挣钱，单子多得不得了 。 " 同一时刻，位于杭州西溪园区的淘宝闪购"作战室"内已经 坐满了 各业务线的人员，看数据、看走势、与商家沟通、按节奏撒补贴、锚着目标前进。 这是一场精心筹划过的战役 ——7月5日，进入外卖旺季后的第一个周六，淘宝闪购决定在这一天对外卖老大美团发起冲锋。 关于冲锋单量的猜测一早就在行业里流传。据36氪了解，阿里 内部 预估这天单量能达到7 000万单。 而美团外卖平时的日订单量在9000万左右。 饿了么 头部商家至少在一周前收到通知 ： 筹备足够的货 和 人。美团一些员工也 得到情报 ，有人"呵呵一笑"，认为淘宝的运力不足以支撑 这个 订单 量 ；有人开始紧张，当天一早便紧 ...

"内需不足是近年来制约经济转型的一大挑战。在重视实物商品消费的同时，服务性消费也是同样重要 的消费板块，比如餐饮、住宿、交通、教育等。对比存在天花板的实物消费，服务消费则可以通过频次 的提升实现显著增长。"清华大学中国经济思想与实践研究院院长李稻葵认为，在服务消费领域，提高 频次带来的增量潜力巨大。 2025年3月份，中共中央办公厅、国务院办公厅联合印发的《提振消费专项行动方案》，从提升消费能 力、提高供给质量、增强消费意愿等方面入手，部署全链条提振消费的相关举措，为构建新发展格局提 供坚实支撑。 近期，淘宝闪购、美团、京东外卖等平台响应政策号召，主动以创新探索和消费券投入，构建"实物 +服务"的即时化供给体系，重构平台价值创造的底层逻辑，为大消费电商平台的破局发展提供了有益 探索。在业内人士看来，这一实践不仅回应了中央关于提振消费的战略部署，更折射出平台经济在新发 展阶段的创新趋势与走向。 有电商行业分析师对《证券日报》记者分析称："一季度以来，三家'大消费'平台都在投入资源，整体 的市场容量变大了，消费意愿和参与度变强了。平台投入了资金和资源，给商户有非常正向的帮助，主 要是带来新客、单量增长、利润留存。 ...

这只基金为全世界规模排名靠前的主动管理新兴市场基金。截至5月底，基金的前五大重仓股 为台积电、腾讯控股、华住集团、Kotak Mahindra Bank Ltd、美团等。5月，该基金减持了 腾讯控股和美团，减持幅度分别为5.31%和24.77%。在此期间，该基金还增持宁德时代 22.16%，增持阿里巴巴14.79%。前25大重仓股中，基金对恒瑞医药增持幅度最大。 该基金的时任基金经理Justin Leverenz 曾经撰文表示看好中国医药行业。 6月，Justin Leverenz撰文表示，过去五年，中国已从跟随者变成药物研发的先锋。中国跨 越传统化学药物和生物制药的研发阶段，直接跃入新型复杂治疗模式的前沿。 同一篇文章表示，目前，中国生物技术创新领域的领军企业包括传统生物技术或制药公司， 以及CRDMO（合同研发制造组织）公司。CRDMO企业与生物技术、生物制药公司在药物研 发和商业化的各个环节开展合作。中国企业在血液肿瘤治疗领域确立了全球临床和商业领先 地位。中国已成为全球制药和生物技术巨头寻求临床管线的重要市场。在向制药公司进行生 物技术对外授权的交易中，中国占比从2019—2020年的4%增至2023 ...

Core Insights - Interest in "China Travel" is increasing significantly due to streamlined visa, transportation, payment, and departure tax refund policies, with foreign inbound tourists reaching 7,367,400 in Q1 2025, marking a 39.2% year-on-year increase [1] Company Developments - Alibaba Group's Amap launched China's first multilingual map on July 9, 2025, expanding from existing Chinese and English versions to support 14 additional languages including Spanish, Portuguese, French, and more [2] - Amap previously introduced an English-language map for overseas users, enhancing the travel experience in China [3] - The multilingual version of Amap features a fully localized interface and geographic information, aiding foreign visitors in navigating China [4] Service Enhancements - The multilingual Amap integrates core functions such as driving, walking, cycling, and public transport navigation, providing services comparable to local users [5] - Amap includes an English-language ride-hailing function, allowing foreign visitors to book vehicles easily while accessing key information like pick-up locations and fare estimates [5] - Amap aims to continue enhancing its multilingual services to cover more languages and usage scenarios for overseas users [6]

Core Viewpoint - The conference emphasized the importance of promoting high-quality development in the platform economy, aligning with Xi Jinping's directives, to enhance innovation, improve the business environment, and support the construction of a strong province in platform economy [1][2] Group 1: Strategic Actions - The development of the platform economy is seen as a strategic move to enhance China's international economic competitiveness and address bottlenecks in the industry [2] - Key focus areas include fostering independent innovation, enhancing core technology capabilities, and transitioning from scale-driven to innovation-driven growth [2] - The initiative aims to strengthen the integration of digital and physical industries, particularly through the development of industrial internet platforms and the digital transformation of SMEs [2] Group 2: International and Domestic Focus - The strategy includes actions to expand cross-border e-commerce and improve the competitiveness of platforms in international markets [2] - Emphasis is placed on enhancing product and service quality to stimulate consumer demand and create a favorable consumption environment [2] - The plan also highlights the importance of protecting labor rights for new employment groups and fostering harmonious labor relations [2] Group 3: Governance and Support - The establishment of a modern regulatory framework and credit system is crucial for managing the platform economy effectively [2] - The conference called for the integration of party leadership into the development of the platform economy to create a supportive environment for businesses [2] - Companies are encouraged to adhere to compliance and responsible business practices while pursuing technological advancements for mutual benefits [2]