小米集团拟配售 8 亿股筹资约 425 亿港元。 小米集团今日公告，将以每股 53.25 港元价格配售 8 亿股现有股份，预计筹资约 425 亿港元用于业 务扩张、研发投资及其他一般用途。 此次配售股份占小米现有已发行股本约 3.2%，配售方式是 "先旧后新"，即控股股东先将其现有股 份出售给独立第三方投资者，得到新融资后，再向该投资者发行同等数量新股，使其持股比例恢复 至原有水平。小米上一次通过配售筹资是在 2020 年 12 月，当时的配售价格为 23.7 港元，筹资约 240 亿港元。 蔡崇信说全球数据中心建设可能已有泡沫。 阿里巴巴董事长蔡崇信今天在香港的一场会议上称，他对美国在 AI 领域的投资规模感到震惊，例 如 OpenAI 、甲骨文、软银成立的 5000 亿美元合资企业 Stargate。他称千亿美元规模的投资没有必 要，"某种程度上，人们的投资超过了他们目前看到的需求。" 他说一些数据中心公司还没有与任何客户达成协议，就开始冒险地（on spec）建设新设施。"我开 始看到一些泡沫。" 上个月，阿里巴巴集团 CEO 吴泳铭宣布，未来三年，阿里将对 AI 投入超过 3800 亿元，围绕三个 方 ...

作 者 | Lance Roberts 编译 | 华尔街大事件 阿里巴巴集团 ( NYSE: BABA ) 是领先的电子商务公司和云计算服务提供商。该公司专注于三个领 域——国内和国际电子商务、云计算以及人工智能和互联网平台业务。 云业务 发展势头强劲 ，2025 年第三季度实现两位数增长。此外，人工智能业务连续六个季度实现 三位数增长。该公司继续大力投资云业务，并已做好准备，抓住人工智能带来的增长机会。阿里巴 巴还制定了审慎的资本配置策略，专注于回购股票，这将使股东受益。总之，分析师对该股的评级 为买入，目标价为 183 美元。 阿里巴巴有两大核心业务——电子商务和云+人工智能。2025 年第三季度，云业务营收增长 13%， 调整后 EBITA 增长 33%。此外，人工智能相关业务连续六个季度实现三位数同比增长。与此同 时，电子商务业务的 EBITA 仅增长 2%，AIDC 报告 EBITA 亏损。 阿里巴巴目前是全球第四大云业务提供商，也是亚洲最大的云业务提供商。该业务继续保持强劲发 展势头，并已获得多项行业奖项。Gartner 将阿里巴巴的云业务评为容器管理和云数据库管理系统 领域的领导者。此外，该公司 ...

Group 1 - BMW Group has formed a strategic partnership with Alibaba Group to integrate AI large models into its new generation of vehicles in the Chinese market, enhancing user interaction in smart in-car systems [1] - The AI large language model and intelligent agents will be featured in BMW's first domestically produced new generation model by 2026, aiming for more natural and seamless human-vehicle interaction [1] - The smart car ETF from Taikang (159720) has seen significant growth, with a 300,000 share increase in the past month, leading in new share additions among comparable funds [1][2] Group 2 - Dongwu Securities predicts a systematic valuation recovery and expansion in the automotive market by 2025, with Tesla continuing to set industry benchmarks through its FSD and robotics technologies [2] - Domestic automakers are accelerating their smart strategies and promoting robotics, although market consensus may vary, leading to potential fluctuations in performance among different companies [2] - The smart car ETF closely tracks the CSI Smart Electric Vehicle Index, which includes companies involved in various aspects of the smart electric vehicle industry, reflecting the overall performance of listed companies in this sector [2]

Core Viewpoint - BMW Group announced a deepened strategic cooperation with Alibaba Group to jointly develop an AI engine based on Alibaba's Tongyi AI model, aimed at the Chinese market for BMW's new generation series vehicles, expected to be delivered in 2026 [1][2]. Group 1: Strategic Cooperation - The collaboration focuses on cutting-edge technologies such as AI models and intelligent voice interaction, with the new BMW Intelligent Personal Assistant integrating the jointly developed AI engine [2]. - The AI engine will support smart cockpit and smart travel interaction scenarios, which will debut at the Shanghai Auto Show in April [3]. Group 2: Industry Trends - The automotive industry is rapidly embracing AI, with BMW emphasizing the importance of understanding local consumer needs in China through its Skylab human-computer interaction research center [4]. - BMW's CEO in Greater China highlighted the partnership with Alibaba as a testament to the benefits of collaboration in creating prosperity and growth, aiming to enter a new era of cooperation in the fields of intelligence and electrification [4]. Group 3: AI Investment and Growth - Alibaba has been a pioneer in AI technology research and application in China, with other automotive companies like Xpeng and Zeekr also integrating the Tongyi series models [5]. - As demand for AI technology grows across various industries, Alibaba Cloud's revenue is experiencing accelerated growth, with a significant recruitment drive for AI talent from top global universities [6]. - Alibaba's financial performance shows a return to double-digit growth in external commercial revenue from Alibaba Cloud, with AI-related product revenue achieving triple-digit year-on-year growth for six consecutive months [6].

Core Insights - BMW Group and Alibaba Group have deepened their strategic cooperation in China, focusing on integrating AI large language models into new generation vehicles, with a customized AI engine set to debut in 2026 [1][2] - The new BMW intelligent personal assistant, powered by the Tongyi large model technology, aims to enhance user interaction through human-like communication and complex command understanding, achieving a recognition and wake-up rate of up to 99% [1] - The collaboration between BMW and Alibaba, which began in 2015, has evolved from cloud computing and smart manufacturing to cutting-edge technologies like voice interaction and AI models, marking a new phase of cooperation in the smart and electric vehicle sectors [2] Group 1 - BMW and Alibaba announced a partnership to implement AI large language models in vehicles, with the new BMW intelligent personal assistant launching in 2026 [1] - The assistant will utilize advanced AI capabilities for improved user interaction, achieving high recognition rates through extensive testing [1] - The Shanghai Auto Show in April will showcase the new generation of BMW's intelligent cockpit and collaborative smart travel scenarios [1] Group 2 - BMW has established a Skylab user experience research center in China to better understand local consumer preferences, demonstrating a commitment to integrating advanced technologies into its innovation system [2] - The partnership with Alibaba is seen as a testament to the potential for growth and prosperity through collaboration, with a focus on smart and electric vehicle technologies [2] - Future discussions between BMW and Alibaba will explore cross-domain integration in infrastructure, platforms, and services [2]

Group 1 - BMW Group has announced a strategic AI collaboration with Alibaba Group in China, focusing on AI large language models and intelligent voice interaction for the new generation of BMW vehicles [1][3] - The new generation models, based on a new electronic and electrical architecture, are set to begin production in 2025, with at least six models to be launched within 24 months, starting with a Sports Activity Vehicle (SAV) and a pure electric sedan in the BMW 3 Series segment [1][3] - BMW expects that by 2030, pure electric models will account for over 50% of the group's global annual deliveries, aiming for cumulative global deliveries of over 10 million pure electric vehicles [1][3] Group 2 - The first domestically produced new generation model in China is expected to be mass-produced by 2026, featuring AI large language models and AI agents for more natural human-vehicle interaction [1][3] - BMW will utilize cylindrical battery cells in the new generation models, which are designed to significantly enhance energy density, range, and charging speed while reducing carbon footprint and resource consumption in battery manufacturing [2][4] - To meet the battery cell demands for the new generation models, BMW has awarded contracts worth over 10 billion euros to CATL and EVE Energy for battery cell production, with each partner establishing factories in China and Europe with an annual capacity of 20 GWh [2][4]

3、 小米集团宣布以"先旧后新"方式，折让6.6%配售8亿股，募资425亿港元，成为港股年内继比亚迪后又一起大规模配售案。配售事项完成后，雷军的持 股比例将为23.4%。 小米集团股价昨日大跌超6%，"天量"成交718亿港元。南向资金逆市抄底，当日大举净买入小米集团近85亿港元。 4、 阿里巴巴集团董事长蔡崇信在汇丰全球投资峰会上指出，目前全球数据中心建设速度超出人工智能（AI）的初始需求，警告可能出现泡沫风险。 另 外，高盛分析师团队调低今明两年全球AI训练服务器出货量，并全线下调相应供应链股价预期。 5、摩根士丹利上调中国股指目标，转而更加看涨中国，称企业业绩超预期； 预计恒生指数年底为25800点，恒生中国企业指数料为9500点。 6、 苹果公司计划在6月9日当周举行年度全球开发者大会，届时料将宣布重新设计的iPhone、iPad和Mac操作系统。 苹果称，除了周初的现场主题演示 外，其他活动将在线上举行。苹果一直在人工智能领域努力追赶竞争对手，不过AI不太可能成为此次活动的主要焦点。预计人工智能功能的重大增强和 改进要到晚些时候才会实现。 // 环球市场 // 1、 美国三大股指小幅收涨， 道指涨0. ...

根据协议，浙江省政府与阿里巴巴集团、蚂蚁集团将紧紧围绕"以高质量发展为首要任务、以缩小'三大差 距'为主攻方向、以改革创新为根本动力、以满足人民美好生活需要为根本目的"，进一步整合资源、紧密 协同，推动平台经济健康发展，在人工智能等领域展开合作，更好服务中国式现代化省域实践，共同推动 国家重大战略落地实施。 来源：潮新闻 责编： 李丹 校对： 刘星莹 25日下午，浙江省政府与阿里巴巴集团、蚂蚁集团签署战略合作协议。 浙江省长刘捷分别与阿里巴巴集团董事会主席蔡崇信、蚂蚁集团董事长井贤栋见证签约。 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 无惧调整！这些ETF获逆势加仓 丨 巨震！"地天板"后又"天地板"！什么情况？ 丨 阿里，开启AI 抢人大战！ 丨 利好刺激，这一板块直线拉升！ 丨 三星电子联席CEO突发心脏病去世 享年63岁 丨 昨 ...

3月25日，据报道，阿里巴巴集团主席蔡崇信在香港举行的汇丰全球投资峰会上表示，开始 看到人工智能数据中心建设出现泡沫苗头，美国的许多数据中心投资公告都是"重复"或相互 重叠的。 2月底，马斯克旗下的人工智能初创公司xAI也悄悄的在亚特兰大建设大型数据中心，内有超 过12000块英伟达的GPU，将用于开发和训练人工智能产品。 然而，不久前微软已经取消在美国"数百兆瓦"容量的数据中心租约的传闻，引发了美股市场 算力和电力等板块震动。 当地时间2月24日，微软少见地在盘中对市场传闻进行回应，本财年超过800亿美元用于基础 设施建设的计划仍在按计划进行，努力淡化市场对AI产能过剩的担忧。 高盛最新研报显示，当前科技七巨头的平均估值溢价中，有42%来自于对"潜在AI应用场 景"的想象力定价——这个数值刚好与2000年互联网泡沫顶峰时期的"未来现金流贴现系 数"重合。 但TD Cowen分析认为，微软此举主要是因为"预见到供大于求"。公司大规模放弃产能扩张 表明，此前推动其在AI基建上重金投入的重要市场信号已经消失。市场开始质疑，AI领域的 资本支出盛宴是否已近尾声？ 在AI数据中心这场竞赛中，微软并非独行者。 Meta ...

以下文章来源于20社 ，作者贾阳 20社 . 关注年轻人的钱包、工作和生活。 来源丨20社（ID：quancaijing_20she） 作者丨贾阳 图源丨电影《无间道》 去年观察中国互联网公司，最重要的指标是"回购"。 Capex视角下 阿里腾讯作风大不同 腾讯本周发布了2024年Q4财报，万众瞩目的Capex终于出炉。 腾讯"计划在2025年进一步增加资本支出，并预计资本支出将占收入的低两位数百分比。"也就是说，腾讯今年的Capex将达到 千亿级别。 在内外都缺乏新故事可讲的时候，各个公司在"成长性"上令人失望，那么回馈股东成了负责任公众公司的一致选择。 今年则大不相同。经历了连续数年的低迷周期后，巨头们纷纷进入投资周期，加入AI军备竞赛。Capex（Capital Expenditure），也就是资本开支，成为了最受关注的指标。 腾讯的Capex去年Q4开始飙升 不过，各家公司对AI Capex的力度、态度又有一些微妙差别。 阿里高歌猛进，一鼓作气。腾讯则相对更步履款款。字节砸钱力度同样大。美团试探而克制…… 将这些结合起来，我们可以大致看到中国AI产业的独特图景了。 腾讯的投资从去年就开始加速，Q4资本 ...