淘宝闪购骑士超时扣款 将全面取消！ 据淘宝闪购日前消息 在前期推行的基础上 淘宝闪购取消超时扣款 将于12月3日扩大覆盖到60城 包括北京、杭州、广州 武汉、成都、厦门等城市 年底前将覆盖全国直营城市 在新规则下，骑士不再因配送超时被扣款，而是依托服务分体系实现"多劳多得、优劳优得"。 骑士初始服务分为70分，按时履约、无违规行为可获得加分，服务分高于75分还可领取额外奖 励；若出现超时送达，一次最多扣除2分，不影响基本收入。 综合自：幸福福田、经济日报、澎湃新闻 责编： 王璐璐 校对： 刘星莹 深夜，集体大涨！芯片，重大利好传来！ 盘中，集体涨停！利好，突然引爆！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 百万用户都在看 美国战斗机，紧急出动！ 重大资产重组！今日，复牌！ 超级赛道，重磅定调！ ...

Market Overview - US stock markets saw collective gains with the Dow Jones up by 0.39%, Nasdaq up by 0.59%, and S&P 500 up by 0.25%. Major tech stocks mostly rose, with Intel increasing over 8%, and Apple and Qualcomm rising over 1% [1][3] - However, popular Chinese stocks mostly declined, with the Nasdaq Golden Dragon China Index down by 0.65%. Xpeng Motors fell nearly 8%, iQIYI dropped over 3%, and NIO and Bilibili fell over 2%. Alibaba and NetEase also saw declines of over 1% [1][3] Currency and Commodities - Following comments from Trump regarding potential candidates for the Federal Reserve chair, the US dollar index decreased by 0.1%, settling at 99.33 [4] - According to the American Petroleum Institute (API), US crude oil inventories increased by 2.48 million barrels, contrasting with a previous decrease of 1.859 million barrels [2][5]

Market Performance - The three major U.S. stock indices experienced slight gains, with the Dow Jones up 0.39% at 47,474.46 points, the S&P 500 up 0.25% at 6,829.37 points, and the Nasdaq up 0.59% at 23,413.67 points [1] - Major tech stocks mostly rose, with Apple increasing over 1%, Facebook nearly 1%, Nvidia up 0.86%, Microsoft up 0.67%, Google up 0.29%, and Amazon up 0.223%, while Tesla fell 0.21% [1] - Popular Chinese concept stocks mostly declined, with Atour up over 5% and Tiger Brokers up over 2%. Xpeng Motors dropped over 7%, iQIYI fell over 3%, and NIO, Global Data, and Bilibili fell over 2%. Alibaba, NetEase, and ZTO Express dropped over 1% [1] European Market - European stock indices closed mixed, with Germany's DAX index up 0.49% at 23,705.8 points, France's CAC40 down 0.28% at 8,074.61 points, and the UK's FTSE 100 down 0.01% at 9,701.8 points [1] Commodity Markets - International precious metal futures closed mixed, with COMEX gold futures down 0.84% at $4,238.70 per ounce and COMEX silver futures up 0.01% at $59.15 per ounce [1] - U.S. oil main contract fell 1.23% to $58.59 per barrel, while Brent crude main contract dropped 1.28% to $62.36 per barrel [1] - London base metals all declined, with LME zinc down 1.32% at $3,055.50 per ton, LME nickel down 1.26% at $14,740.00 per ton, LME aluminum down 1.02% at $2,863.50 per ton, LME copper down 0.95% at $11,145.00 per ton, LME tin down 0.76% at $38,840.00 per ton, and LME lead down 0.42% at $1,993.50 per ton [1] Bond Markets - U.S. Treasury yields were mixed, with the 2-year yield down 1.62 basis points at 3.508%, the 3-year yield down 1.13 basis points at 3.528%, the 5-year yield down 0.34 basis points at 3.657%, the 10-year yield up 0.19 basis points at 4.088%, and the 30-year yield up 0.99 basis points at 4.747% [1] - European bond yields mostly fell, with the UK 10-year yield down 1.1 basis points at 4.468%, France's 10-year yield up 0.6 basis points at 3.489%, Germany's 10-year yield down 0.1 basis points at 2.747%, Italy's 10-year yield down 0.4 basis points at 3.462%, and Spain's 10-year yield down 0.4 basis points at 3.221% [1]

格隆汇12月3日｜中信建投研报表示，阿里依托Qwen大模型底座实现业务全面重塑，并凭借开源策略与 强劲性能加速构建B端生态壁垒。同时，公司坚定上修资本开支以应对旺盛的算力需求，云收入持续高 增，验证了"基础设施投入-技术迭代-商业变现"的闭环逻辑。建议关注1）阿里生态玩家；2）Pre-AI 的 收入率先落地，推荐OA+ERP环节；Pre-AI。3）部分细分垂直场景 AI 收入更快。降本关注AI-coding和 多模态。4）本地推理逐步起量。5）端侧AI。 ...

【智通财经12月3日早间新闻精选】 1、国家发改委等五部门发布关于加强数据要素学科专业建设和数 字人才队伍建设的意见。意见指出，鼓励地方利用算力券、模型券、数据券等方式，在算力、算法、数 据等方面提供便利和优惠。 2、六大行官方APP及手机银行查询发现，目前各银行大额存单期限结构已 明显"短期化"，全面停售5年期大额存单。 3、中国药品价格登记系统正式上线。中国医药、同仁堂等9 家医药企业在现场进行药品价格首批登记。 4、福建发布12条惠台政策措施，包括加大台资企业用地用 海保障；鼓励闽台（南靖）精密机械产业园台资企业项目建设；对台资水产养殖企业实施保费优惠等。 5、2025年11月A股新开户238万户，环比10月231万户增长3%，2025年前11个月已累计新开2484万户， 同比增长7.95%。 6、有报道称，磷酸铁锂行业正在发生一场集体提价行动。龙蟠科技表示，正与客户 沟通涨价事由，公司对磷酸铁锂未来价格走势比较乐观。 7、"豆包AI助手"手机出圈，大摩认为，主要 手机厂商和超级应用更倾向于自研AI助手，因此大摩维持对应用层股票的看好，重申对腾讯、阿里巴 巴和美图的"增持"评级。 8、OECD预估202 ...

三家外卖平台，合计烧了约1000亿，嘴上都没有停下来的意思。 最新业绩会上，阿里官宣淘宝闪购已成为日活用户过亿的频道，并立下未来三年"成交破万亿"的flag；京东也放话要尽早让"外卖业务可以自己独立生 存"。 这不免让市场担忧：外卖从前期的补贴战、单量战，到未来的生态战、体系战，无一不是"血战"，真打下来，赛道还剩多少价值？ 但其实，拆解各玩家的先天禀赋与最新打法，会发现这场无止境的消耗，也并非你死我活。 美团同样不甘示弱，随着行业补贴回落，餐饮外卖订单市占率稳步回升，财报显示其拿下了超过2/3的15元以上外卖订单，以及超70%的30元以上外卖订 单，且还在加码对高净值用户的投入。 "三边消耗"的订单争夺，何以停不下来？ 运力是外卖大战的第一道比拼。三季度，美团销售成本较去年同期增加了135亿元，其中不少是用于骑手激励。 骑手补贴到底多烧钱？仅以7月12日"冲单日"为例，骑手单笔配送补贴为6-15元①，取中间值10元，而行业日订单量达到2.5亿峰值，可知当天三大平台光 配送补贴就撒了25亿。 但这笔钱不得不花。外卖大战前，众包骑手就是许多城市主要运力，占比高达6-7成；到了今年9月，同时跑美团和饿了么的众包骑 ...

Group 1: U.S. Stock Market Performance - The U.S. stock market displayed a "tech rally and Chinese stocks slump" pattern, with all three major indices closing higher: Dow Jones up 0.39%, S&P 500 up 0.25%, and Nasdaq leading with a 0.59% increase [1] - Tech giants were the biggest winners, with Apple’s stock rising over 1% to reach a new all-time high market capitalization, and Intel surging 8% leading the chip sector [1] - The Nasdaq China Golden Dragon Index fell sharply by 0.65%, with significant declines in the electric vehicle sector, including Xpeng down nearly 8% and NIO down over 2% [1] Group 2: Precious Metals Market Dynamics - The precious metals market experienced extreme volatility, with COMEX silver futures soaring 1% to surpass $58 per ounce, while gold futures plummeted 0.85% to $4,237 per ounce [2] - The unusual movement in precious metals was attributed to a combination of industrial demand recovery for silver and increased selling pressure on gold due to rising expectations of Federal Reserve interest rate hikes [2] - By December 3, both gold and silver regained upward momentum, increasing by 0.38% and 0.40% respectively [2] Group 3: Global Economic Outlook - The UN Conference on Trade and Development's latest report predicts a slowdown in global economic growth to 2.6% and warns that financial market volatility is now comparable to that of the real economy [3] - The report highlights that the pace of tightening financial conditions has surpassed levels seen before the 2008 financial crisis, with rising debt default risks in developing countries [3] - Analysts caution that as year-end liquidity tightens, global asset price volatility may further increase, urging investors to closely monitor the upcoming U.S. CPI data and Federal Reserve interest rate decision [3]

风物长宜放眼量。如果仅凭一两个季度的得失，来评价平台企业千亿元级别的战略性投入，有点太 早了，等几年再看比较合适。这就像播种，今天埋下的种子，可能几年后开花结果，也可能被证明是走 了弯路，但这份不确定性，本就是企业经营必须承担的代价。 对于这场外卖大战，各平台态度很不一样。美团毫不客气地称外卖价格战是"低质量的恶性竞争"， 并强调这种投入"无法为行业创造价值，且不可持续"。阿里巴巴则态度积极，管理层在电话会上肯定了 过去一个季度的投入效果。京东也有收获，至少现在盘点外卖业务的时候，它成了"外卖三巨头"之一， 与淘宝闪购一起取代了原先的饿了么。 半年多时间，约1000亿元投入，即使在见惯了补贴大战的中国互联网领域，这样的力度也是不多见 的。有很多人在替平台企业算账，讨论这种投入值不值得，分析哪家扛住了至暗时刻，哪家已经偃旗息 鼓，哪家护城河没了，哪家后院起火了，说什么的都有。 然而抛开单纯的财务数据，这场竞争本身也带来了一些积极变化：服务质量提升了，企业的精气神 被激活了，为了争夺运力，骑手的待遇和保障也在竞争中水涨船高。不是说没有外卖大战就不会做这些 事情，但激烈的角逐无疑加速了这一系列良性变革。不管最终结果 ...

Market Overview - The cryptocurrency market has stabilized, leading to a rise in Bitcoin and tech stocks, which boosted trading sentiment and resulted in slight gains for the three major stock indices [1] - As of the market close, the S&P 500 index rose by 0.25% to 6829.37 points, the Nasdaq Composite increased by 0.59% to 23413.67 points, and the Dow Jones Industrial Average gained 0.39% to 47474.46 points [1] Market Sentiment and Predictions - The market is awaiting catalysts for a potential "Santa Rally," with more stocks declining than rising in the S&P 500 [3] - Analysts suggest that the market may need to consolidate before reaching new highs, with a mixed outlook for December [3] Stock Performance - Notable stock movements include Nvidia up by 0.86%, Apple up by 1.09%, and Boeing up by 10.15% due to expectations of returning to positive cash flow by 2026 [3][4] - Conversely, some stocks like Broadcom and Tesla saw declines of 1.17% and 0.21% respectively [3] Cryptocurrency and Related Stocks - Bitcoin's rebound of 6% positively impacted related stocks like MSTR and BMNR, while ABTC, linked to the Trump family, plummeted by 38% due to a lock-up expiration [6] - The Nasdaq China Golden Dragon Index fell by 0.65%, with Alibaba down by 1.91% and NIO down by 2.9% [6] Company Developments - Nvidia's CFO stated that the $100 billion investment in OpenAI has not yet been included in revenue guidance, as it is still in the letter of intent stage [7] - Amazon AWS launched its first 3nm AI chip, Trainium3, which boasts a performance increase of 4.4 times compared to its predecessor [8] - AWS also introduced a new large model training service, Nova Forge, allowing businesses to customize training with proprietary data [9] Philanthropic Initiatives - Dell's founders announced a donation of $6.25 billion to help establish investment accounts for 25 million American children, with each account receiving $250 [10]

Group 1 - Alibaba has released a significant update to its image generation and editing model Qwen-Image, which now maintains higher consistency in image editing and has made breakthroughs in multi-view transformation, multi-image fusion, and multi-modal reasoning. The new version is integrated into the Qianwen App, allowing users unlimited free access [1] - Despite the impressive advancements of Qwen-Image, the development of AI visual technology faces challenges. The industry will continue to monitor whether Qwen-Image can maintain its technological leadership while reducing model training costs and improving operational efficiency for broader application [1] Group 2 - SenseTime has officially launched and open-sourced a new multi-modal model architecture called NEO, developed in collaboration with NTU S-Lab. NEO is the first native multi-modal architecture that breaks away from traditional modular paradigms, achieving deep integration and overall breakthroughs in performance, efficiency, and versatility [2] - The transition in AI paradigms often begins with breakthroughs in architecture. The shift from CNN to Transformer and from single-modal to multi-modal indicates that those who can innovate beyond traditional methods will secure a place in the next generation of the industry [2] Group 3 - UBTECH Robotics has signed a strategic cooperation framework agreement with ZhiSheng Technology, focusing on the core direction of "industry models + embodied intelligence." The partnership aims to deploy 10,000 robots and jointly develop commercial orders worth billions over the next five years [3] - The true turning point for the humanoid robot industry is not merely the deployment of "10,000" robots, but rather the successful operation of the first robot in real-world scenarios for 365 days without failure, leading to customer repurchases and insurance companies willing to underwrite policies [3]