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阿里云是AI 时代的“安卓” 谁是 AI 时代的“苹果”
Sou Hu Cai Jing· 2025-09-30 06:39
文|象先志 如果是以吃瓜角度看,第一个自称是"安卓平台"的,应该是阿里云。 在上周召开的云栖大会上,「象先志」印象最深的是,要把自己做成AI+云的安卓。自户晨风被封以来,这可能是"安卓"这个词又一次大规模进入人们的 视野,有趣的是,吴泳铭居然自己给阿里贴了一个"安卓平台"的标签,哪怕在两周之前,这个说法都会被狠狠解读。 这当然是一次理性的自我标签化,毕竟"安卓""苹果"确实从来都和褒贬无关,只是技术路线与商业策略落入市场后的投影。 想成为安卓平台的阿里,如果可以真的让自己实现"安卓化"战略目标,能够在 AI 这条赛道能够望其项背者,将寥寥几无矣。 云+ AI 是否能构成"安卓"VS"苹果"的格局,其实已经初见端倪。 全栈服务商,吴泳铭要把朋友搞多 从2025年初的 A 股的 "deepseek时刻"吹响 2025 年牛市的号角,到年中的"寒王"股价一骑绝尘,延伸到"易中天"们让无数老股民拍断大腿,科技行业已经 非常确定的成为发展的一个重要锚点。 看似"城头变化大王旗",实际内在的叙事从未变过——属于中国的 AI 时刻已经开始了。 是科技火了吗? 是资本市场发现增长的逻辑更加明确,以 AI+ 云为核心的增长逻辑 ...
AI 时代,阿里云想当“安卓” ,那谁是“苹果”?
3 6 Ke· 2025-09-30 00:54
如果是以吃瓜角度看,第一个自称是"安卓平台"的,应该是阿里云。 在上周召开的云栖大会上,「象先志」印象最深的是,要把自己做成AI+云的安卓。自户晨风被封以来,这可能是"安卓"这个词又一次大规模进入人们的 视野,有趣的是,吴泳铭居然自己给阿里贴了一个"安卓平台"的标签,哪怕在两周之前,这个说法都会被狠狠解读。 这当然是一次理性的自我标签化,毕竟"安卓""苹果"确实从来都和褒贬无关,只是技术路线与商业策略落入市场后的投影。 想成为安卓平台的阿里,如果可以真的让自己实现"安卓化"战略目标,能够在 AI 这条赛道能够望其项背者,将寥寥几无矣。 全栈服务商,吴泳铭要把朋友搞多 从2025年初的 A 股的 "deepseek时刻"吹响 2025 年牛市的号角,到年中的"寒王"股价一骑绝尘,延伸到"易中天"们让无数老股民拍断大腿,科技行业已经 非常确定的成为发展的一个重要锚点。 看似"城头变化大王旗",实际内在的叙事从未变过——属于中国的 AI 时刻已经开始了。 是科技火了吗? 是资本市场发现增长的逻辑更加明确,以 AI+ 云为核心的增长逻辑确定性已经拉满。几乎所有发展都基于这组核心。 未来几十年的机遇一定属于 AI,这毫 ...
【港股一周见】医药板块承压回调,AI战略驱动科技股
Xin Lang Cai Jing· 2025-09-28 13:21
来源:市场资讯 (来源:拔萃资本) | 港股通(滬) SH→HK | | 港股通(深) SZ→HK | | | --- | --- | --- | --- | | 近5日 | +232.53億 | 近5日 | +207.06億 | | 近20日 | +726.18億 | 近20日 | +1020.73億 | | 近60日 | +1820.05億 | 近60日 | +2318.19億 | 数据来源:FUTU 拔萃视点 上周回顾 截至9月26日港股收盘,恒生指数报26,128.2点,周跌1.57%;恒生科技报6,195.11点,周跌1.58%;国企 指数报9,303.10点,周跌1.79%。 恒生指数周走势图 数据来源:FUTU 资金流向 上周,阿里巴巴-W(09988.HK)全周上涨4.65%,报收166.50港元,其中9月24日单日涨幅达9.16%。这一 亮眼表现主要得益于2025阿里云栖大会释放的积极信号。在云栖大会上,阿里巴巴集团CEO吴泳铭公布 了公司的AI战略蓝图,宣布在原有计划基础上追加AI基础设施投入,并设定到2032年将阿里云全球数 据中心能耗规模提升10倍的宏伟目标。这一战略规划彰显了公司在超 ...
吴泳铭重磅发声,阿里应声大涨超7%!云计算ETF汇添富(159273)涨超1%!机构:持续看好NV链景气引领与国产AI创新迭代!
Xin Lang Cai Jing· 2025-09-24 06:08
Group 1 - Alibaba is actively advancing its AI infrastructure construction with a planned investment of 380 billion, which has positively impacted the cloud computing sector, leading to a significant increase in stock prices for related companies [3][4] - The cloud computing ETF Huatai-PineBridge (159273) saw a rise of over 1.2%, with a trading volume exceeding 50 million, indicating strong investor interest [1][3] - Alibaba's stock surged over 7% during trading, reflecting market optimism regarding its strategic focus on AI and cloud services [3][4] Group 2 - The global cloud market is projected to reach approximately 820 billion in 2024, with China's public cloud accounting for about 5.6%, driven by strong demand for AI and large models [5][6] - Alibaba Cloud holds about one-third of the domestic market share, with revenue accelerating quarterly, benefiting from the increasing demand for AI-enhanced cloud services [6] - The domestic internet companies are expected to invest over 500 billion in AI infrastructure by 2026, with AI servers likely to account for more than half of this expenditure [7] Group 3 - North American cloud service providers are expected to increase their capital expenditures to 383.6 billion in 2025, a 52% increase year-on-year, indicating a robust growth trajectory for the industry [7] - The AI server market in China is anticipated to reach 420 billion by 2026, with the AI computing chip market projected to hit 350 billion, highlighting significant growth potential [7] - The adoption of Optical Circuit Switching (OCS) technology is expected to enhance network solutions for AI, leading to lower costs and improved performance, creating investment opportunities in related sectors [8]
云栖大会今开幕,阿里云将展示超大规模集群、分布式训练、推理加速等能力,首次展出高密度AI服务器和高性能网络架构
2025云栖大会将于9月24日至26日举行,新模型、Agent(智能体)应用等AI软件产品及服务器等基础设 施硬件或是看点。据悉,阿里云将展示超大规模集群、分布式训练、推理加速等能力,并首次展出单柜 支持144个计算节点的高密度AI服务器和新一代高性能网络架构HPN8.0。此外,上百家企业的AI落地实 践、200多个Agent应用和300款AI终端产品也将参展。 2025云栖大会将于9月24日至26日举行,大会以"云智一体·碳硅共生"为主题,新模型、Agent(智能 体)应用等AI软件产品及AI服务器等基础设施硬件或是看点。 据悉,通义大模型将带来"全尺寸、全模态"的开源矩阵和最新模型;魔搭社区将展现其超过7万个模型 和1600万开发者的生态;阿里云将展示超大规模集群、分布式训练、推理加速等能力,并首次展出单柜 支持144个计算节点的高密度AI服务器和新一代高性能网络架构HPN8.0。此外,上百家企业的AI落地实 践、200多个Agent应用和300款AI终端产品也将参展。 上海证券报记者注意到,在大会开幕前,阿里云生态链公司已积极开展相关布局。软件领域,多家"阿 里链"企业以"模型+行业场景"为核心,在金融 ...
2025凤凰之星最佳创新上市公司:阿里巴巴
Group 1 - The "2025 Phoenix Star Listed Company Awards" ceremony was held in Guangzhou, recognizing companies across nine key categories including innovation, shareholder return, social responsibility, and global contribution [1][2] - The "Best Innovative Listed Company" award focuses on core technology breakthroughs and innovation ecosystems, using metrics such as R&D intensity, patent conversion rates, and the proportion of research talent [2] - Alibaba Group won the "Best Innovative Listed Company" award, highlighting its strategic focus on "user-first, AI-driven" initiatives that have led to accelerated growth in core business areas [2][4] Group 2 - Alibaba's innovation strategy is characterized by a three-dimensional evaluation framework that includes hard technology breakthroughs, model innovation, and ecological collaboration [2] - The company has made significant advancements in cloud computing and generative AI, positioning itself as a leading public cloud service provider and enhancing its role in the digital economy [6] - Alibaba's evolution from an e-commerce platform to a digital economy infrastructure service provider exemplifies the transformation of China's digital technology landscape from follower to leader [7]
阿里终究还是跟美团杠上了
Hua Er Jie Jian Wen· 2025-09-19 11:05
作者 | 黄昱 编辑 | 王小娟 在淘宝闪购加入外卖混战近5个月后,外界料定阿里一定会再次发力的到店团购业务,终于还是来了。 华尔街见闻获悉,9 月 20 日,淘宝闪购的到店团购业务将在上海、深圳、嘉兴这三个城市率先启动试点,后续再全面铺开。跟外卖业务一样,到店团购业 务也由淘宝闪购和饿了么携手布局,但会同时在淘宝、支付宝、高德三个阿里体系内最大的流量端口上线。 自此,阿里也正式对美团核心业务形成全方位"围剿"。 不过,10天前被阿里推到聚光灯下的高德,目前并不会成为阿里到店团购业务的运营主体。 在阿里要再发力的到店团购业务中,高德发挥作用除了引流外,还是其10天前发布的扫街榜,就像美团的大众点评榜单。这被外界视作阿里开启到店团购业 务的第一步。 此番加码到店团购业务的黑布揭开,也正式宣告阿里并不会启用曾经承载其到店业务的平台口碑。但对于上述信息,阿里方面暂未对华尔街见闻做出回应。 事实上,淘宝要布局到店团购业务在业内早已不是秘密。华尔街见闻发现,在8月份时,就有多个业内人士在社交平台上透露淘宝闪购将上线到店团购业务 的消息。 不过一位餐饮业内人士告诉华尔街见闻,原本淘宝相关业务人员告知的团购上线时间是更早的 ...
市值重回3万亿港元 阿里正在重生
Core Insights - Alibaba is undergoing a significant transformation, referred to as a "turning of the elephant," with its stock price reaching a four-year high and a market capitalization of 3 trillion HKD, reflecting nearly a 100% increase since the beginning of the year [2][4] - The market's perception of Alibaba's valuation is shifting, driven by the rapid growth of its AI and cloud businesses, alongside a stabilization in its traditional e-commerce sector [2][3] Financial Performance - In Q2 2025, Alibaba's cloud revenue grew by 26% year-over-year, while AI-related product revenue has maintained triple-digit growth for eight consecutive quarters [2][6] - The customer management revenue for Alibaba's e-commerce segment reached 892.52 billion CNY, marking a 10% year-over-year increase, driven by the performance of the Taobao flash sale business [6][11] Market Sentiment and Analyst Ratings - Major investment banks, including Morgan Stanley and Goldman Sachs, have raised their target prices for Alibaba, citing the strong performance of its cloud and AI businesses as key drivers [4][5] - Morgan Stanley increased its target price from 150 USD to 165 USD, while Goldman Sachs raised its target from 163 USD to 179 USD, reflecting a positive outlook on Alibaba's growth trajectory [4][5] Strategic Focus - Alibaba is focusing on two main strategic pillars: large-scale consumption and "AI + Cloud," with significant investments of 380 billion CNY in AI and 50 billion CNY in the consumption sector [7][8] - The company is integrating its various business units to enhance collaboration and synergy, moving from a previously decentralized structure to a more unified approach [13][19] AI and Cloud Development - Alibaba's AI capabilities are highlighted by its leading model capabilities and significant market share in China's public cloud sector, with its Tongyi Qianwen model being the most widely used [8][10] - The AI cloud market in China is projected to reach 22.3 billion CNY in the first half of 2025, with Alibaba holding a 35.8% market share [8][10] E-commerce Revitalization - The Taobao flash sale business has seen a significant increase in daily orders, reaching a peak of 1.2 billion orders, contributing to a projected 1 trillion CNY in transaction growth over the next three years [11][12] - Alibaba's traditional e-commerce business is showing resilience, with a stable cash flow that supports ongoing investments in technology [6][12] Organizational Changes - Alibaba has restructured its business units from six to four categories, emphasizing integrated development and collaboration among its various segments [13][19] - The company is leveraging its ecosystem to enhance user engagement and drive growth, particularly through high-frequency scenarios like food delivery [18][19]
阿里巴巴-W(09988):FY2026Q1点评:大消费和AI+云两大战略持续投入,业绩表现超出预期
Changjiang Securities· 2025-09-14 14:12
Investment Rating - The investment rating for Alibaba is "Buy" and is maintained [6]. Core Views - The recent financial report highlights operational strengths, including significant contributions from Taobao Flash Sales and cloud business growth exceeding expectations. The ongoing capital expenditure is expected to drive user engagement and open a second growth curve for the cloud business, indicating a positive investment outlook for the company [2][7]. Financial Performance Summary - For FY2026 Q1, Alibaba reported revenue of 247.7 billion RMB, a year-on-year increase of 2%. Excluding disposed businesses, revenue growth was 10%. Non-GAAP net profit reached 33.5 billion RMB, down 18% year-on-year [4][7]. - The e-commerce segment saw customer management revenue grow by 10%, driven by an increase in take rate. Instant retail revenue, including Taobao Flash Sales and Ele.me, reached 14.8 billion RMB, up 12% year-on-year. The number of 88VIP members grew by double digits, exceeding 53 million [7]. - The international digital commerce segment reported a 19% revenue increase, with international retail and wholesale businesses growing by 20% and 13%, respectively. EBITA losses were significantly reduced by 3.6 billion RMB, attributed to improved logistics and operational efficiency [7]. - The cloud computing business achieved revenue of 33.4 billion RMB, a 26% year-on-year increase, driven by public cloud services and AI-related product adoption. EBITA for the cloud segment was 2.95 billion RMB, also up 26% year-on-year [7]. - Capital expenditures for FY2026 Q1 were 38.7 billion RMB, a 220% increase year-on-year, leading to a net cash outflow of 18.8 billion RMB [7]. Financial Forecast - The forecast for Non-GAAP net profit for FY2026-2028 is projected at 125.6 billion RMB, 172.9 billion RMB, and 204.5 billion RMB, respectively [7].
阿里巴巴-W(9988.HK):聚焦消费和云+AI战略 持续投入重新创业
Ge Long Hui· 2025-09-12 02:55
Group 1: Company Strategy and Management - The management team of Alibaba has stabilized after multiple adjustments, focusing on consumer and AI + cloud strategies [1] - Starting from the fiscal year 2026, Alibaba will reorganize its business into four major segments, emphasizing a technology platform centered on AI + cloud and a consumer platform integrating shopping and lifestyle services [1] Group 2: E-commerce Business - The core e-commerce business (Taobao and Tmall) is prioritizing GMV growth while gradually abandoning low-price strategies under the leadership of CEO Wu Yongming [2] - The company is expected to maintain a year-on-year increase in monetization rate, achieving approximately 10% growth in CMR due to product and service fees [2] - Profit margins have been declining due to intense competition, and the company may continue to subsidize merchants and users to achieve GMV growth, potentially leading to further profit margin declines [2] Group 3: Instant Retail - The instant retail market is projected to exceed 3 trillion by 2030, representing over 16% of the e-commerce market, necessitating Alibaba's active engagement [3] - Short-term investments in instant retail may lead to over 70 billion losses in fiscal year 2026, but long-term prospects include contributing over 1 trillion GMV [3] - The focus will be on enhancing synergies between instant retail and e-commerce, as well as optimizing user experience in terms of user structure, order structure, and fulfillment efficiency [3] Group 4: Cloud Business - The global cloud market is expected to reach approximately 820 billion in 2024, with China's public cloud accounting for about 5.6% [4] - Alibaba Cloud, as a pioneer in domestic cloud services, holds about one-third of the domestic market share and is experiencing accelerating revenue growth [4] - The demand for cloud services is expected to continue growing, driven by AI and large models, with Alibaba's extensive AI model and application layout positioning it well in the market [4] Group 5: Investment Outlook - The company is committed to investing in AI + cloud and the integration of shopping and lifestyle services, which are seen as historic strategic opportunities [5] - Revenue projections for fiscal years 2026-2028 are 1,064.3 billion, 1,181.7 billion, and 1,286.6 billion, with adjusted net profits of 126.6 billion, 167 billion, and 193.8 billion [5] - The adjustments reflect a 6% decrease in 2026 due to high investment levels, while maintaining an "outperform the market" rating [5]