Xin Hua Wang·2025-08-05 08:13Core Insights - The main theme of the 2025 Entrepreneur Sun Island Annual Conference is "New Quality Productivity: New Manufacturing, New Consumption, New Ecology" [1] - Alibaba's Vice President, Xiang Huangmei, emphasized that technology-driven efficiency transformation is the core of new consumption trends, with new service e-commerce becoming a new engine for domestic demand [1][2] Group 1: New Consumption Trends - Two significant new consumption trends identified are "immediacy" and "service industry on platforms" [1] - 61% of Generation Z consumers desire minute-level delivery, half-hour delivery, or same-day delivery, highlighting the strong demand for immediacy [1] - By 2024, over 10 million merchants are expected to offer service industry supplies on platforms like Taobao and Xianyu, with the GMV growth rate for these services surpassing that of physical goods [1] Group 2: Strategic Initiatives - Alibaba plans to invest 380 billion yuan in AI research and development over the next three years and 50 billion yuan within a year to create a new service e-commerce platform [2] - The company aims to establish a sustainable market order and new consumption ecosystem, inviting more participants to join [2] - The annual conference attracted guests from various sectors, providing new ideas and insights for high-quality economic and social development [2]