征求意见稿。这表明，文件的初稿已经广泛征求了相关主体的意见，目前面向公众征求意见。 从这四个关键词可以看到，这份文件和一般用户都直接相关。针对互联网平台价格行为，舆论场也有很多讨论。带着这些讨论，谭主采访了多位参与文件 起草的专业人士。 最近，关于互联网平台价格行为，讨论最热的，莫过于"外卖大战"。 4月以来，美团、饿了么、京东三大互联网平台企业掀起了一场"中国互联网史上规模最大的补贴战"，据相关机构估算，第二季度，三大平台总投入达到 250亿元。 8月23日，三部门联合发布了一份事关互联网平台的文件——《互联网平台价格行为规则（征求意见稿）》。 文件名里的四个关键词： 互联网平台。我们生活中常用的一些App，都属于这个范畴。 价格行为。价格标示、价格竞争是价格行为，"双11""618"这些促销活动，甚至"外卖大战"也涉及价格行为。 规则。这次征求意见的规则更加注重事前引导，要求相关主体自觉规范行为。 对于消费者而言，这场"大战"带来了实实在在的福利——大额补贴下的低价奶茶、咖啡、快餐，直接将即时零售市场日订单量从1亿，变成了2.5亿。 所以，当《行为规则》出来后，不少人都在问，文件是不是要叫停平台补贴，后边 ...

Core Viewpoint - The article discusses the current state of the bond market amidst fluctuations in the stock market, emphasizing a long-term low interest rate environment and its implications for investment strategies in bonds and equities [1][2]. Group 1: Bond Market Analysis - The bond market experienced a decline, with 30-year government bonds dropping over 3 basis points, influenced by the cooling stock market and external interventions affecting bond futures [1][2]. - The article argues that the low interest rate environment is expected to persist, suggesting that there is no significant upward pressure on interest rates in the medium to long term [4][6]. - It highlights that government bonds saw a substantial increase in issuance, with a reported 7.656 trillion yuan in new government bonds in the first half of the year, marking a year-on-year growth of 21.3% [8][12]. Group 2: Investment Strategies - The article advises investors to align their investment choices with their risk tolerance, suggesting that low-risk funds should consider short-term bond funds and fixed-income products as viable options [15]. - It emphasizes maintaining a balanced portfolio between stocks and bonds, indicating that a diversified approach remains a cost-effective strategy [16]. - The article also encourages embracing high-quality equity investments in a low interest rate environment, while recognizing the challenges in identifying and diversifying quality stocks [16]. Group 3: Market Trends and Insights - The article notes the ongoing volatility in the Hong Kong stock market, particularly highlighting the decline of Meituan's stock, which has reached a new low for the year [19]. - It discusses the launch of a new technology-focused ETF by Huaxia, aimed at capturing opportunities in the tech sector amidst market fluctuations [21][22]. - The article concludes with a mention of a global asset allocation strategy that remains open for investment, despite recent market downturns [25].

Group 1 - The core viewpoint of the article highlights a fierce subsidy war in the food delivery industry, with major platforms like Meituan, Taobao Flash, and JD launching aggressive promotional strategies to attract users, resulting in a 35% year-on-year increase in total industry subsidies [2] - Taobao Flash announced a subsidy plan of 500 billion yuan, while JD initiated a "Double Hundred Plan" to support benchmark brands with 10 billion yuan, and Meituan and Ele.me continued their classic strategies of discounts for new users [2] - The subsidy war has led to significant growth in order volumes, with Meituan's daily orders surpassing 150 million and Taobao Flash and Ele.me exceeding 8 million daily orders, indicating an exponential growth trend in the industry [2] Group 2 - JD expressed concerns about the "0 yuan purchase" and other aggressive subsidies as signs of severe internal competition, emphasizing that sustainable growth is more important than short-term gains from subsidies [2] - JD's strategy focuses on quality food categories, such as prepared meals and crayfish, aiming to provide targeted subsidies to meet effective demand and drive growth [2][8] - The food delivery business is viewed as a significant traffic entry point for e-commerce, with cross-purchase behavior observed among users, indicating that losses in the front-end can lead to profits in the back-end [8] Group 3 - In recent years, the food delivery market has been dominated by Meituan and Ele.me, with Meituan holding a market share of 68.2% and Ele.me at 25.4% as of mid-2020 [3] - The overall performance of the instant delivery market in 2020 was underwhelming, with three out of four segments reporting continuous losses, while the food delivery segment remained profitable, with Meituan's revenue reaching 66.27 billion yuan and operating profit at 2.83 billion yuan [4] - Future predictions indicate significant losses for Alibaba and JD's food delivery businesses, estimated at 41 billion yuan and 26 billion yuan respectively, while Meituan's EBIT is expected to decline by 25 billion yuan [5]

Core Viewpoint - The emergence of generative AI is reshaping the mobile ecosystem, prompting a new competition for entry points as the flow of super apps reaches its peak and user engagement becomes fragmented [1][2]. Group 1: New Flow Entry Points - HarmonyOS is gradually addressing the challenge of becoming a new operating system, with Huawei identifying three key elements for its ecosystem's competitiveness: AI agents, meta-services, and application market recommendations [1][2]. - The meta-service model, which allows for lightweight applications, is crucial as 50% of the top three apps in any industry account for over 80% of the traffic, indicating fierce competition among leading platforms [2]. Group 2: Meta-Services and User Interaction - The integration of meta-services allows for precise user engagement through card and command formats, moving away from traditional app structures that require keyword competition and advertising [4]. - HarmonyOS's distributed technology capabilities enable a seamless user experience across multiple devices, enhancing the system's ability to deliver services at the right moment [4]. Group 3: AI Agents as a Tool for Growth - AI agents are positioned as a significant tool for driving traffic, with Huawei integrating various applications into its AI assistant, allowing users to perform tasks directly through the assistant [5]. - The HarmonyOS AI agent framework (HMAF) empowers developers to create agents that can autonomously execute complex tasks, marking a shift from passive tools to proactive AI systems [5][6]. Group 4: Ecosystem Development and Challenges - The transition from a single app competition to a new phase of "system entry + service intelligence" is underway, with the success of HarmonyOS relying on the collaboration of developers and users to form a sustainable commercial cycle [6]. - HarmonyOS is perceived to be on an upward trajectory, following a "smile curve" growth path, indicating its evolution from pilot projects to mainstream app integration [6].

Group 1 - The article discusses the evolution of internet access points, highlighting the transition from portal websites to search engines, and ultimately to browsers as the primary means of accessing the internet [2][3][4] - Google's PageRank algorithm revolutionized information retrieval, leading to the dominance of search engines over traditional portals, with Google achieving a market value exceeding $100 billion by 2006 [4] - The rise of mobile internet and independent apps has fragmented information distribution, challenging the browser's role as the main access point [10][11] Group 2 - The article emphasizes that browsers must evolve to integrate AI capabilities effectively, as traditional browser functionalities are being challenged by AI-driven applications [12][13] - OpenAI's CEO noted that a significant portion of young adults are using AI tools like ChatGPT as operating systems, indicating a shift in user interaction with technology [13][14] - Microsoft and Google are leading the charge in integrating AI into their browsers, with Microsoft's Edge incorporating Copilot and Google launching an AI Mode in Chrome [23][24] Group 3 - QQ Browser's approach to AI integration focuses on user choice, allowing users to opt for traditional search methods alongside AI features, reflecting a balance between innovation and user habits [26][31] - The introduction of QBot as an AI assistant in QQ Browser aims to enhance user experience without overwhelming them, maintaining a low profile unless needed [31][32] - QQ Browser's strategy has resulted in increased user engagement and retention, demonstrating the effectiveness of gradual AI integration rather than abrupt changes [43][44] Group 4 - The article concludes that the future of browsers lies in their ability to adapt to AI technologies while maintaining usability, emphasizing that AI should enhance rather than replace traditional functionalities [46][47][48]