"我们把科技人才工作作为企业战略的重点。"中国电信股份有限公司相关负责人亦在此前召开的业绩说 明会上表示，要为各类人才提供干事创业的平台，并赋予其自主权。 此外，昆仑万维科技股份有限公司相关负责人告诉《证券日报》记者，今年公司将增加人力成本，以吸 引算法工程师等岗位的人才。 本报记者 李乔宇 资本市场再现"抢人大战"。 近一个月内，拼多多控股公司（以下简称"拼多多"）在公司官方社会招聘频道发布多则招聘AI相关人才 的信息，涉及CUDA/GPU开发工程师（大模型基础架构方向）、AIGC算法工程师、机器学习架构工程 师（训练和推理方向）等多个岗位，并在校园招聘网站密集发布招聘算法工程师等信息。 第三方招聘平台数据显示，相关社会招聘岗位月薪动辄高达6万元，岗位对于经验的要求为至少一年相 关经验。此外，《证券日报》记者在招聘平台搜索发现，除拼多多外，北京四维图新科技股份有限公 司、长城汽车股份有限公司、京北方信息技术股份有限公司等多家上市公司均发布了大模型算法工程师 等岗位的招聘需求。 事实上，今年以来，多家上市公司加码布局，积极招揽AI人才。 中国联合网络通信股份有限公司（以下简称"中国联通"）相关负责人此前表示， ...

Summary of Key Points from the Conference Call Industry Overview - The conference call discusses the China Internet sector, particularly focusing on mega-cap companies and their upcoming Q2 earnings reports. - It is anticipated that aggregate profits for the China Internet sector will decline by 10% year-over-year (YoY) for the first time since Q2 2022, primarily due to challenges in eCommerce and local services [1][1]. Core Insights and Arguments 1. **AI and Cloud Revenue Growth**: - There is an expected sequential acceleration in AI/cloud hyperscaler revenue growth, with Alibaba Cloud projected to grow by 23% YoY, up from 18% in the previous quarter. This growth is attributed to rising demand for AI inference and applications [1][1]. - Comparatively, other cloud services like Google Cloud, Azure, and AWS are expected to grow by 32%, 39%, and 17% respectively during the same period [1][1]. 2. **Profit Declines in Transaction Platforms**: - Significant profit declines are anticipated across major transaction platforms, with Alibaba's EBITA expected to drop by 16% YoY, and Meituan and JD projected to see declines of 58-70% YoY due to increased competition in food delivery and merchant support measures [1][1]. - In contrast, sub-segments such as gaming and mobility are expected to show healthy profit growth, with Tencent's adjusted EBIT growth estimated at 15% YoY [1][1]. 3. **Government Policies and Competition**: - The intensity of food delivery competition is expected to peak in Q3, with a potential for a more fragmented market in the long term. ECommerce players are positioning food delivery as a customer acquisition channel [1][1]. - The report suggests that while competition may moderate in the near term, it will likely extend longer than anticipated, affecting the overall landscape of food delivery services [1][1]. 4. **Company-Specific Expectations**: - **Tencent**: Expected to report Q2 revenue growth of 11% YoY, with adjusted EBIT growth of 15% YoY, driven by solid performance in games and marketing services [1][1]. - **Alibaba**: Anticipated to see a 3% YoY revenue increase in Q1 FY26, with a significant decline in adjusted EBITA by 16% YoY due to investments in food delivery and instant shopping [1][1]. - **PDD**: Projected revenue growth of 11% YoY in Q2, but adjusted EBIT is expected to decline by 38% YoY [1][1]. - **Meituan**: Expected to report a 16% YoY revenue increase, but adjusted EBIT is projected to decline by 58% YoY due to competitive pressures [1][1]. - **JD**: Anticipated revenue growth of 16% YoY, but adjusted EBIT is expected to decline by 70% YoY [1][1]. - **DiDi**: Expected to see revenue growth of 8% YoY, with adjusted EBIT growth of 32% YoY, driven by operational leverage [1][1]. Other Important Insights - The report highlights the ongoing competition in eCommerce, particularly in food delivery and on-demand shopping, with Alibaba's instant shopping volumes reaching 15 million daily [1][1]. - Geopolitical developments and their implications on cross-border business models are also discussed, particularly in light of expanded tariffs and potential delisting risks for ADR companies [1][1]. - The report emphasizes the importance of AI investments and the expected increase in capital expenditures for AI applications in the second half of 2025 [1][1]. This summary encapsulates the key points discussed in the conference call, providing insights into the current state and future outlook of the China Internet sector and its major players.

尽管在财报电话等公开渠道，拼多多仍然是唯一不提AI布局的互联网大厂，但记者注意到，近一个月， 拼多多正在悄悄加快AI、大模型等方面的人才招聘。 8月5日，记者查看拼多多招聘官网的信息发现，近一个月来，拼多多密集发布大模型相关岗位，涉及 机器学习工程师-推理方向，CUDA/GPU开发工程师（大模型基础架构方向），大模型Infra架构工程 师，多模态算法工程师（CV/多模态大模型），算法工程师（NLP方向）等多个岗位。 从正在招聘的岗位职能观察，拼多多提到，大模型Infra架构工程师要构建适合电商领域的大模型，与 算法工程师密切合作，持续提升大模型的能力。多模态算法工程师的岗位职能则包括，深入研究和探索 多模态算法在跨境电商的使用场景和应用落地，用于商品理解、属性识别、AIGC等场景。 X 拼多多集团-PDD社会招聘 careers.pddglobalhr.com 首页 | 商家入驻 | 热点资讯 | 社会招聘 | 校园招聘 | 招采平台 | 帮助中心 | 2025.08. 05 本文字数：918，阅读时长大约2分钟 作者 | 第一财经 陈杨园 4、工作认真负责,对技术有强烈的追求,能将前沿技术转化为实际工程优化 ...

Monetary Policy and Economic Outlook - The Central Political Bureau of the Communist Party of China decided to hold the Fourth Plenary Session of the 20th Central Committee in October to discuss the 15th Five-Year Plan for economic and social development, emphasizing the need for stable and flexible policies[5] - The government plans to allocate approximately 90% of the 90 billion yuan budget for childcare subsidies from the central finance[6] Market Trends - The bond market showed signs of recovery, with the yield on the 10-year government bond decreasing by 2.75 basis points to 1.7200%[16] - The U.S. Federal Reserve maintained the federal funds rate at 4.25% to 4.5%, marking the fifth consecutive meeting without changes, while the U.S. GDP grew at an annualized rate of 3% in Q2, surpassing expectations[8][9] Financial Market Performance - The bond market experienced a net cash injection of 158.5 billion yuan on July 30, following a 3,090 billion yuan reverse repurchase operation by the central bank[12] - The weighted average interest rates for various repo transactions showed a downward trend, with DR001 and DR007 rates falling to 1.315% and 1.518%, respectively[13][14] Commodity Prices - International crude oil prices increased, with WTI rising by 1.36% to $70.99 per barrel, while natural gas prices fell by 1.89% to $3.016 per MMBtu[10] Bond Issuance and Trading - The bond auction results indicated a competitive bidding environment, with the 1-year agricultural development bond receiving a bid-to-cover ratio of 2.3[18] - The convertible bond market saw a decline, with major indices dropping, and a total trading volume of 84.376 billion yuan, down by 5.53 billion yuan from the previous day[24]

近一个月，拼多多正在悄悄加快AI、大模型等方面的人才招聘。 尽管在财报电话等公开渠道，拼多多仍然是唯一不提AI布局的互联网大厂，但记者注意到，近一个月，拼多多正在悄悄加快AI、大模型等方面的人才招 聘。 8月5日，记者查看拼多多招聘官网的信息发现，近一个月来，拼多多密集发布大模型相关岗位，涉及机器学习工程师-推理方向，CUDA/GPU开发工程师 （大模型基础架构方向），大模型Infra架构工程师，多模态算法工程师（CV/多模态大模型），算法工程师（NLP方向）等多个岗位。 从正在招聘的岗位职能观察，拼多多提到，大模型Infra架构工程师要构建适合电商领域的大模型，与算法工程师密切合作，持续提升大模型的能力。多模态 算法工程师的岗位职能则包括，深入研究和探索多模态算法在跨境电商的使用场景和应用落地，用于商品理解、属性识别、AIGC等场景。 这意味着，至少在垂直电商行业的大模型研发领域，拼多多已有相关团队和业务布局，国内电商、跨境业务均有涉及。记者就拼多多是否正自研电商垂直大 模型询问拼多多，截至发稿未获官方回应。 同时，记者注意到，拼多多还在招聘C端电商AI产品经理，AIGC策略产品经理-广告用增方向等。尽管拼 ...

据Mob研究院预测，2025年，中国美瞳行业规模可达500亿元。而在可啦啦创立的2011年，美瞳在国内尚属小众产 品，受众群体主要局限于coser。据木鱼介绍，即使是国内美瞳行业发展早期，美瞳花样设计也主要承袭自海外地 区，风格单一，花样明艳，并不适合产品的普及。 2022年，可啦啦团队在拼多多捕捉到年轻女性对"日常通勤"美瞳的需求，结合彼时美瞳应用场景单一的行业现 状，可啦啦便开始筹备设计系列产品，以填补市场空白。 据木鱼回忆，在与拼多多团队多轮研讨后，可啦啦将产品目标人群锁定在18-30岁群体，且经过分析，这部分人群 活跃在上班通勤、上学深造和日常聚会等场景，"他们普遍淡妆为主，对美瞳的需求集中于'自然通透'，还要带 点'小心机'感"。 此外，根据拼多多反馈的市场数据，当时美瞳市场花色单一，有效供给不足。在此基础上，可啦啦锁定了新品定 位，即推出一款区别于传统明艳花色的美瞳产品，处于中端价位，满足上班族、学生党们装点日常的需求。 以往美瞳品牌们每3个月一次上新，如今这个时间可能是10天。 "早期市场由国外品牌主导，近几年，国货品牌借助新电商发展的红利相继崛起，美瞳花色更趋多元，且迭代速度 明显加快。"可啦 ...

生鲜战场硝烟再起！多多买菜正以雷霆之势重构游戏规则。即时零售闪电布局、供应链深度焕新、服务 模式全面升级、市场版图双向突破——这套组合拳不仅剑指行业痛点，更要为消费者奉上"更快、更 优、更省"的全新体验，一场关乎生鲜零售格局的变局已然拉开序幕。 即时零售：双线作战，剑指高时效市场 配送服务：双轨并行，打通最后一公里 面对头部平台即时配送服务的竞争压力，多多买菜于今年6月启动即时零售试点，计划8月在一线城市推 出"小时达"服务。采用"自建前置仓+第三方配送"的混合模式，以上海试点为例，首批覆盖的生鲜与日 用品中，既保留高性价比的白牌商品，也引入知名品牌商品丰富选择。 通过与第三方配送平台的动态费率机制，配送成本降低20%；"团长+骑手"的组合配送方式减少30%骑 手配置。这种模式创新让其从传统"次日自提"成功切入"应急型消费"场景——下班回家发现冰箱空了， 打开APP下单，一小时内新鲜食材就能送到家。 而这类融合了多渠道配送调度、多品类商品管理的业务模式，恰好与广州赤焰信息（微信ID： chiyanmary）社区团购系统中灵活的配送链路配置、多商品池运营功能相适配，能为类似的业务场景提 供技术支撑。 配送服务升 ...

Core Insights - The e-commerce industry is transitioning from a traffic-driven economy to a value-driven economy, focusing on refined operations and value extraction [2][3] - E-commerce plays a significant role in stimulating consumption, creating jobs, and supporting rural revitalization, with government backing as a strategic industry [2] Group 1: Transition to Value Economy - The e-commerce sector has shifted towards refined operations, emphasizing user engagement, supply chain efficiency, and content value extraction as the initial internet benefits have peaked [2] - Consumers, particularly from Generation Z, are increasingly prioritizing quality, experience, and emotional value in their purchasing decisions, often conducting thorough research before buying [2] - There is a growing willingness among consumers to pay a premium for brands that align with their values, indicating a shift towards emotional purchasing [2] Group 2: Healthy E-commerce Ecosystem - The homogenization of industries has made it difficult for small and micro businesses to compete, leading to cost-cutting measures that ultimately affect consumers [3] - A healthy e-commerce ecosystem should focus on compliance and leverage platform advantages to support the development of small and micro businesses, as exemplified by Pinduoduo's "100 billion support" initiative [3] - Platforms should enhance fairness and transparency in their rules, establish regular communication mechanisms with merchants, and improve service quality to foster a supportive environment [3] Group 3: Empowering Merchants - Platforms are encouraged to share technological innovations, such as AI and big data, to help small businesses lower operational barriers through targeted services [3] - Additional support for merchants can include financial subsidies, logistics assistance, and operational efficiency improvements across various dimensions [3]

金十图示：2025年08月04日（周一）全球主要科技与互联网公司市值变化 | 台棋电 | 12199 | + -2.65% | 235.21 | | --- | --- | --- | --- | | 特斯拉 | 9761 | + -1.83% | 302.63 | | 甲骨文 | 6865 | + -3.68% | 244.42 | | 腾讯 | 6154 | + -3.17% | 67.85 | | 奈飞 | 4923 | + -0.07% | 1158.6 | | O Palantir | 3640 | + -2.58% | 154.27 | | ERASSING - E | 3313 | 1 1.16% | 50.35 | | SAP SAP | 3283 | + -1.29% | 283 | | 2 阿里巴巴 | 2840 | + -2.95% | 117.07 | | AMD | 2783 | + -2.64% | 171.65 | | ASML 阿斯麦 | 2712 | -0.7% | 689.82 | | cisco 思科 | 2657 | + -1.42% | 67.11 | | 赛富时 | ...

| 42 | 0 | 三七互娱 | 51.09 | -1 + | | --- | --- | --- | --- | --- | | 43 | | 常山北明 | 50.65 | -1 0 | | 44 | | 中国民航信息网络 | 46.97 | -1 + | | 45 | | 奇富科技 | 45.25 | -1 + | | 46 | | 岩山科技 | 44.28 | | | 47 | INESA | 云赛智联 | 42.59 | -1 + | | 48 | DHC | 东华软件 | 41.41 | | | 49 | | 银之杰 | 40.59 | | | 50 | | 阅文集团 | 39.68 | 1 t | 每日根据市值计算出前50名公司,美元港元按照当日汇率中间价折算 @ JIN10.COM D. 金十数据 | 一个交易工具 | 排名 | | 公司 | 市值(亿美元) | 排名变化 | | --- | --- | --- | --- | --- | | 1 | | 台积电 | 12199.22 | | | 2 | | 腾讯控股 | 6346.48 | | | 3 | | 阿里巴巴 | 2791.93 | ...