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腾讯的三大王牌
YOUNG财经 漾财经· 2025-08-26 06:58
在经历游戏业务承压、广告增长放缓乃至股价一度探底之后,腾讯交出了近三年来最为亮眼的一 份成绩单:2025Q2营收1845.04亿元,同比增长15%,为2022年以来最佳增速。公司估值也迎来 持续修复,当前港股总市值已达5.5万亿港元,稳居中国互联网公司榜首。支撑其业绩跃升与估值 重估的,正是腾讯手中不可或缺的三大王牌。 腾讯的三大王牌 吴楠 当京东与阿里在外卖战场激战正酣时,腾讯却悄然站上了新的高度。 在2025年第二季度,这家互联网巨头交出了一份令人瞩目的成绩单:上半年实现营收3645.26亿 元,同比增长14%;Non-IFRS经营利润达1385.68亿元,同比增长18%。其中,第二季度营收 1845.04亿元,同比增长15%,Non-IFRS经营利润同比增长18%至692.48亿元。 这份财报,是腾讯在经历游戏业务承压、广告增长放缓乃至股价一度探底之后,近三年来最为 亮眼的一份成绩单:营收和经营利润连续11个季度实现增长,且Q2的营收增速为2022年以来最 佳。 腾讯近5年来营收增速 图源Choice 资本市场早已敏锐地捕捉到这一积极信号。8月13日,即业绩报告公布前夕,腾讯控股股价已大 涨近5%,创下 ...
沸腾了!再创历史时刻!
格隆汇APP· 2025-08-25 11:37
作者 | 哥吉拉 数据支持 | 勾股大数 据(www.gogudata.com) 今天, A 股再创历史性时刻! 截至收盘,沪指再度大涨 1.51% , A 股总成交 3.177 万亿元,仅次于 2024 年 10 月 8 日的 3.48 万亿元, 创下历史上第二个成交额超 3 万亿的记录。 这一次, A 股没有当初的疯狂,却有了相近的成交额,足以见证市场对牛市的信心正在急速飙升。 指数 "破百"速度越来越快,从今年 5 月中美释放暂停互加关税的重磅利好以来,沪指: 从 3400 点到 3500 点:用时 58 个交易日; 从 3500 点到 3600 点:用时 12 个交易日; 从 3600 点到 3700 点:用时 22 个交易日 ; 从 3700 点到 3800 点:用时 8 个交易日。 到今天,沪指收涨 3883.56 点,距离下一个破百点位仅一步之遥,而目前仅用时 1 天。 A 股的全面牛市行情,已是不容置疑的事实。 今天,板块科技股继续引领全市场,吸引海量资金跑步入场追注,同时这股热潮也快速蔓延了港股市场。 截至港股收市,恒指、恒生科技指分别大涨1.94%、3.14%,其中蔚来、百度、阿里、网易、 ...
阿里巴巴再次调整集团业务!从六大集团缩编为四大业务→
证券时报· 2025-08-24 08:13
阿里巴巴集团业务结构再生变,阿里业务结构正式从"1+6+N"正式收缩为四大业务,全面聚焦"电商、云+AI"。 "1+6+N"架构成为历史 记者从阿里巴巴官网发现,阿里旗下业务从原有的六大业务集团被划分为四大业务类别,分别为阿里巴巴中国电商集团、阿 里国际数字商业集团、云智能集团以及所有其他业务。 具体来看,阿里巴巴中国电商集团中的电商板块包含淘宝、天猫、闲鱼、飞猪旅行;即时零售板块包括淘宝闪购、饿了么; 批发板块为1688业务。 阿里中国电商集团在2024年11月正式建立。2024年11月21日,阿里巴巴成立了全新的电商事业群,新事业群直接将此前拆分的 淘宝天猫集团、国际数字商业集团,以及1688、闲鱼等电商资源重新整合,形成国内外全产业链覆盖的电商超级业务单元。 今年6月,阿里正式将饿了么、飞猪合并入阿里电商事业群。8月初,淘宝上线了全新的大会员体系,打通饿了么、飞猪等阿 里系资源,覆盖吃喝玩乐、衣食住行等生活场景。 所有其他类别的业务包括钉钉、夸克、高德地图、菜鸟、优酷、大麦娱乐、盒马、阿里健康、橙狮体育等。 从变化来看,原有的本地生活集团的业务被拆分,饿了么被归入阿里中国电商集团,高德被划分至所有其他类 ...
阿里巴巴再次调整集团业务!从六大集团缩编为四大业务→
Core Viewpoint - Alibaba has restructured its business from the previous "1+6+N" model to a simplified framework consisting of four main business categories, focusing on e-commerce and cloud + AI [4][6]. Group 1: Business Structure Changes - Alibaba's new business structure includes four main categories: Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and all other businesses [1][4]. - The Alibaba China E-commerce Group encompasses various segments such as Taobao, Tmall, Xianyu, and Fliggy for e-commerce, as well as instant retail and wholesale operations [3][5]. - Other business categories include DingTalk, Quark, Gaode Map, Cainiao, Youku, Damai Entertainment, Hema, Alibaba Health, and Orange Lion Sports, with significant restructuring of local life services [6][7]. Group 2: Strategic Focus - The restructuring reflects Alibaba's strategic intent to concentrate resources on its most promising sectors, particularly e-commerce and cloud services [7][8]. - Alibaba has divested from non-core assets like Hema Retail and Intime Department Store, reallocating resources to enhance its competitive edge in e-commerce and cloud intelligence [7][8]. - The company aims to integrate AI technology across all business segments, with a focus on innovation and market competitiveness [8]. Group 3: Future Outlook - Alibaba's leadership has indicated that the core strategic direction for the next three to five years will revolve around e-commerce and "AI + Cloud" [7][8]. - The company plans to increase investments in cloud and AI infrastructure to drive innovation and operational efficiency across various sectors [8]. - Alibaba is transitioning from an "internet company" to an "AI-driven technology company," positioning AI as a central competitive advantage [8].
阿里再变阵
财联社· 2025-08-24 05:28
其中,阿里巴巴中国电商集团旗下电商类业务包括淘宝、天猫、闲鱼、飞猪旅行,即时零售业务包括淘宝闪购、饿了么,批发业务包括 1688。 划归其他类别的业务包括钉钉、夸克、高德地图、菜鸟、优酷、大麦娱乐、盒马、阿里健康、橙狮体育。 | 阿里巴巴中国电商集团 | 阿里国际数字商业集团 | 云智能集团 | 所有其他 | | --- | --- | --- | --- | | 电商 | 零售 | | | | 淘宝 | AliExpress | 〔-〕阿里云 | →訂訂 | | TMALL天猫 | trendyol | | ○夸克 | | 間更 | Lazada | | 《高德地图 | | · 7 7 | Daraz | | N ! Ao 菜鸟 | | 即时零售 | | | >优酷 | | 淘宝闪购 | | | 泰大菱娱乐 | | C·洗了么 | | | ਦੇ ਭੱਤ | | 批发 | 批发 | | ♥ 阿里健康 | | 1688 | E Alibaba.com | | 兰 橙狮体育 | 以下文章来源于科创板日报 ,作者黄心怡 科创板日报 . 科创圈都在关注的新型主流媒体,上海报业集团主管主办,界面财联社出品。 阿里巴巴集 ...
官网四大板块系业务分类更新,阿里组织架构调整被指乌龙|快讯
Hua Xia Shi Bao· 2025-08-23 03:09
文/卢晓 其中,电商是阿里巴巴的压舱石业务。2024年11月,阿里巴巴整合国内和海外电商业务成为电商事业 群,由原负责海外电商业务的蒋凡带领。2025财年财报显示,淘天集团和国际数字商业集团合并占据了 中国电商集团板块目前包括淘宝、天猫、淘宝闪购、闲鱼、1688,以及今年6月从原本地生活集团并入 的饿了么和飞猪。阿里CEO吴泳铭当时在内部信中,将饿了么和飞猪的并入看作是阿里从电商平台走向 大消费平台的战略升级。 而所有其他板块则囊括了钉钉、夸克、高德地图,菜鸟、优酷、大麦娱乐、盒马、阿里健康、橙狮体 育。原有"1+6+N"架构中的本地生活、菜鸟和虎鲸文娱(原阿里大文娱)三大集团不见身影。 但据接近阿里的相关人士表示,阿里官网的四大业务板块图只是根据其2025财年年报更新了业务分类, 并不意味着新的组织架构调整 。据今年6月发布的阿里2025财年财报,2026财年淘天集团、饿了么与飞 猪将整合成为中国电商事业群,把电商平台升级为大消费平台,同时,菜鸟、高德及虎鲸文娱集团将重 分类至所有其他。 更新业务分类是阿里聚焦电商和云两大核心业务的再次体现。 2023年9月,蔡崇信和吴泳铭分别自张勇手中接棒掌舵阿里巴巴,电 ...
ALCO HOLDINGS(00328)附属拟200万元收购深圳爱高创科控股11%股权
智通财经网· 2025-08-22 14:05
智通财经APP讯,ALCO HOLDINGS(00328)发布公告,于2025年8月22日, 公司的间接全资附属公司爱 高立科有限公司(买方)拟向中城幸福(贵阳)产业管理有限责任公司(卖方)收购深圳爱高创科控股有限公司 (合资公司)11%股权,转让对价为人民币200万元。 公司认为,消费电子行业竞争加剧,合资公司及其项目有助于公司进入高增长的数位服务市场,分散运 营风险。在现行国家政策下,内地的共用经济、电商、租赁、回收业务已逐步进入发展成熟期,促使公 司依托合资公司与在内地发展的电子行业企业开展合作,发展租赁、电商等业务,拓展技术研发能力, 预计与集团的主营业务项目将形成强大的协同效应。现有代工╱贴牌生产业务仍面临挑战,激烈竞争下 利润率趋薄,收购合资公司,并使其成为公司的附属公司,可让公司在更广泛的数码产品领域稳健发 展。 此外,公司相信,通过合资公司中的双轨发展战略,传统业务和合资专案的数位服务将形成"硬体+软 体"的生态系统,实现业务多元化,并透过合资公司的行业资源、技术能力及政策优势,为集团带来长 远的战略协同效益及潜在的增长机会。 合资公司的主要业务是为企业客户提供数位产品租赁服务,并为电子商务和 ...
快手第二季度营收350亿元 经调净利润56亿元
Xin Lang Ke Ji· 2025-08-21 08:37
8月21日下午消息,快手(HKEX: 1024)今日发布了截至6月30日的2025年第二季度财报:营收为350 亿元,同比增长13.1%。净利润为40亿元,而2024年同期净利润为49亿元。非国际财务报告会计准则计 量,调整后的净利润为56亿元,而2024年同期调整后的净利润为47亿元。 第二季度运营业绩: 每位日活跃用户平均线上营销服务收入为48.3元,而2024年同期为44.3元; 电商商品交易总额(GMV)为3588.788亿元,而2024年同期为3052.534亿元。 责任编辑:刘明亮 平均日活跃用户为4.089亿,而2024年同期为3.953亿; 平均月活跃用户为7.148亿,而2024年同期为6.918亿; ...
淘宝内测AI搜索,AI电商真的要来了?丨小白商业观
Jing Ji Guan Cha Bao· 2025-08-20 08:02
Core Insights - The article discusses the emergence of AI-driven search capabilities in e-commerce, particularly highlighting Taobao's new feature "AI万能搜" which allows users to ask questions in natural language and receive comprehensive answer reports that include text, products, and multimedia [2] - The competitive landscape in e-commerce is shifting from a focus on traffic volume to the intelligence of AI models, emphasizing the importance of understanding user preferences and providing personalized solutions [2][3] - The definition of e-commerce is evolving from simple online retail to a more sophisticated "intelligent solution service," leveraging AI to uncover both explicit and latent consumer needs [3] E-commerce Transformation - AI is expected to optimize the entire supply chain from demand to production, enabling businesses to respond more dynamically to market needs, as exemplified by Shein's "small batch quick response" model [3] - The shift to AI-driven search will fundamentally change the rules for e-commerce merchants, moving from a capital-driven model to a value-driven approach, where AI acts as a personal shopper for consumers [4] - Companies that focus on product design, supply chain management, and deep user service are poised to benefit from this transformation, marking a significant opportunity for those who adapt [5] Future Challenges and Considerations - The article highlights ongoing challenges such as data privacy, algorithmic bias, and the impact of technology costs on small businesses, which will influence the sustainable development of AI in e-commerce [5] - The next decade in e-commerce will be characterized by a competition involving AI capabilities, data quality, and ethical governance, with early adopters likely to gain a competitive edge [5]
盛业(06069):2025年中报点评:平台化战略成效显著,高股息凸显价值
SINOLINK SECURITIES· 2025-08-17 12:54
Investment Rating - The report maintains a "Buy" rating for the company, anticipating a price increase of over 15% in the next 6-12 months [5][12]. Core Insights - In the first half of 2025, the company achieved a revenue of 405 million RMB, a year-on-year decrease of 7.1%, while the net profit attributable to shareholders increased by 28.7% to 200 million RMB [2]. - The decline in revenue is attributed to the company's ongoing shift towards a light-asset strategy, which has led to reduced interest income from self-funded investments and declining returns from supply chain asset refinancing. However, this impact has been partially offset by the successful implementation of a platform strategy [3]. - The company's platform technology service revenue reached 211 million RMB, showing a robust year-on-year growth of 37.0%, accounting for over 50.0% of total revenue, thus becoming a core growth driver [3]. - The company has seen a significant increase in its share of joint venture performance, which rose by 94.1% to 79 million RMB, providing crucial support for net profit growth [3]. - The cumulative transaction scale of the company's platform exceeded 2,780 billion RMB by the end of June 2025, reflecting a year-on-year growth of approximately 29% [3]. - The company is actively expanding into innovative sectors such as e-commerce, achieving a cumulative transaction scale of over 2.8 billion RMB in this area, which represents an almost eightfold increase year-on-year [3]. - A strategic partnership with a leading global industrial robotics company has been established, marking significant progress in the emerging robotics sector [4]. Financial Forecasts and Valuation - The company is expected to continue benefiting from its strategic positioning in e-commerce, AI, and robotics, driving further expansion of its supply chain technology platform [5]. - The overall fee structure is anticipated to improve as the proportion of high-value income increases, enhancing profitability [5]. - The total dividend payout for 2025 is projected to be approximately 950 million RMB, resulting in a high expected dividend yield of 8.6% for shareholders [5]. - The forecasted net profit for the full year 2025 is estimated to reach 512 million RMB, representing a year-on-year growth of 35%, with a corresponding price-to-earnings ratio of 21.4 times [5].