工业和信息化部最新数据显示，上半年我国规模以上互联网企业业务收入同比增长3.1%，增速较前5个 月提升2.2个百分点。这一上扬曲线，是5G新通话、直播短视频、云游戏等新兴业务蓬勃发展的结果， 也是大模型应用与人工智能终端协同演进所激发的深层活力。数字消费需求持续释放，移动流量连续6 个月两位数增长。我国互联网行业正以创新为桨，在实体经济的大潮中破浪前行。 亮眼增速之下，硬核创新正成为行业穿越周期的压舱石。上半年规模以上互联网企业研发投入逆势增 长，传递出明确信号：头部企业正将战略重心从流量争夺转向底层攻坚。操作系统、数据库、推理芯片 与大模型等硬科技领域，正吸引着前所未有的资源投入。千亿元级资金涌入云与AI基础设施建设，通 义千问等国产大模型实现全尺寸开源并服务大型企业与机构，行业竞争逻辑从规模扩张转向技术深挖， 以创新构建应对不确定性的护城河，在降本增效中开辟第二增长曲线。 （文章来源：经济日报） 但是，行业前进之路并非一片坦途。算力成本高企与区域分布失衡构成创新迭代的硬约束，技术向产业 核心环节渗透不足，数据要素流通的制度性障碍制约着"数据富矿"的价值释放，区域数字鸿沟及中小企 业技术采纳壁垒亟待弥合，底 ...

Group 1 - The Hang Seng Technology Index saw an increase of 2%, with notable gains from Kingdee International (over 6%), Meituan, and JD.com (over 4%), driven by a broad rally in tech stocks and improved liquidity [1] - The current rally in Hong Kong stocks is attributed to the accelerated transformation of industries represented by AI, with China's AI technology now ranking among the global leaders following the full open-sourcing of the DeepSeek model [1] - Major internet companies in Hong Kong are experiencing strong growth in capital expenditures and cloud business revenues, indicating that AI is becoming a core driver of cloud growth [1] Group 2 - In terms of capital expenditures, Alibaba and Tencent are projected to see significant year-on-year increases of 197% and 221% respectively in 2024, with strong growth momentum continuing into Q1 2025 [2] - Alibaba announced plans to invest over 380 billion yuan in cloud and AI infrastructure over the next three years, while Tencent expects its capital expenditures to approach 100 billion yuan by 2025 [2] - Alibaba Cloud reported an 18% year-on-year revenue growth for Q1 2025, while Baidu's smart cloud business achieved a remarkable 42% year-on-year growth, indicating a notable acceleration in cloud business growth [2]