图片来源： Unsplash 微软公司近期对全球数据中心战略进行了重大调整，撤回了多个在建项目。据知情人士透露，微软已 暂停或推迟了在印度尼西亚、英国、澳大利亚以及美国伊利诺伊州、北达科他州和威斯康星州等地的 新建数据中心项目谈判。 这一举措反映出该科技巨头正在重新评估其人工智能和云计算基础设施的 建设规划。 作为人工智能服务商业化领域的领军企业，微软凭借与OpenAI的深度合作一直备受市场关注。然 而，投资者对其数据中心支出计划的持续关注，正反映出市场对云服务和AI技术长期需求的审慎评 估。目前尚难以判断这一战略收缩究竟源于对市场需求下降的预期，还是受到电力供应紧张、建筑材 料短缺等短期建设瓶颈的影响。部分市场观察人士认为，这或许预示着当前AI服务的商业回报尚不足 以支撑微软继续在服务器基础设施领域进行大规模投入。 这一战略调整已对全球科技板块产生连锁反应。芯片制造商英伟达等企业股价承压明显，这些公司的 业务与数据中心建设预算密切相关。截至周三收盘，微软股价在纽约市场下跌2.3%至373.32美元，年 内累计跌幅已达9%。 微软公司发言人对此回应称："我们以数年为单位规划数据中心容量需求，确保基础设施布局的 ...

Core Insights - The article discusses significant events in the global market, particularly focusing on the implications of U.S. policies on companies like TikTok and the growth trends of e-commerce platforms like AliExpress and the expansion strategies of various companies [2][3]. Group 1: TikTok and U.S. Policies - Trump suggested he could ease tariffs on China in exchange for the sale of TikTok to a U.S. company, indicating a potential negotiation strategy [5]. - TikTok's U.S. operations face leadership changes, with the departure of key executives and a push for significant growth in advertising revenue, targeting a 50% increase by 2025 [7]. - TikTok's parent company, ByteDance, aims for substantial growth in the U.S. e-commerce sector, with a sales target of over $400 billion and a near 200% growth goal for the U.S. market [8]. Group 2: E-commerce Trends - AliExpress reported a significant increase in sales for high-ticket items, with certain categories experiencing over 300% growth during promotional events [10]. - The platform is focusing on expanding its product categories and enhancing the quality of offerings, aiming to support 1,000 new brands to achieve over $1 million in sales [12]. Group 3: Corporate Developments - Alibaba's chairman expressed concerns about a potential bubble in global data center investments, citing excessive spending without corresponding demand [14]. - ByteDance launched a short drama app in Japan, targeting a growing market projected to reach $1 billion by 2026 [16]. - Vivo plans to increase its overseas revenue share to 70% by 2027, focusing on markets outside the U.S. and Western Europe [18]. Group 4: Logistics and Retail Expansion - JD Logistics is expanding its operations in Hong Kong, enhancing its service capabilities with new automated facilities [21]. - TOP TOY announced a global expansion strategy, aiming to open over 1,000 stores in 100 countries within five years [23]. Group 5: Investment and Financing - Nvidia is set to acquire AI startup Lepton AI for several hundred million dollars, indicating a strategic move into cloud and enterprise software markets [27]. - Indian e-commerce platform Meesho plans an IPO with a target valuation of $10 billion, reflecting its rapid growth in lower-tier cities [35].

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 ...