Group 1 - The core viewpoint of the article highlights the emergence of a new growth narrative in China's economy driven by the rapid development of AI technology and the resilient recovery of the private sector [1][2] - Goldman Sachs has introduced a "Chinese Prominent 10" portfolio, comprising ten major private listed companies in China, which has sparked discussions about the revaluation of Chinese assets [1][2] - The total market capitalization of the "Chinese Prominent 10" reached approximately 11.46 trillion yuan as of June 17, 2025, indicating significant market presence [4][6] Group 2 - The portfolio includes companies from various sectors such as technology, consumer goods, automotive, and pharmaceuticals, reflecting the direction of China's economic transformation and upgrading [3] - Key players in the technology sector include Tencent, Alibaba, Xiaomi, and NetEase, while the consumer sector features Meituan, Midea, and Anta [3][6] - The report indicates that the compound annual growth rate of earnings for this portfolio is expected to reach 13% over the next two years, with an attractive current price-to-earnings ratio of 16 times [2][8] Group 3 - Since the end of 2020, private enterprises in China have faced significant market challenges, with a cumulative market value loss of nearly 4 trillion USD, but they are gradually regaining market vitality [3][10] - The report emphasizes that the "Chinese Prominent 10" has the potential to enhance market concentration and change investor perceptions of Chinese assets, similar to the "Seven Sisters" in the US market [7][13] - The policy environment for private enterprises has improved, with increased support from the government, which is expected to reduce policy risk premiums and boost market confidence [10][11] Group 4 - The report predicts that China's GDP growth rate will reach around 5.5% in 2025, driven by technological advancements, particularly in AI, which could contribute an additional 2.5% annual growth to earnings per share for listed companies [11][12] - Private enterprises are increasingly expanding into overseas markets, with significant growth in imports and exports, indicating their role as pioneers in China's "going global" strategy [12] - The concentration of market capitalization among leading private enterprises is expected to strengthen, with China's market showing significant potential for increased concentration compared to the US [13][14]

新华财经南京6月17日电（记者朱程）17日，7月1日火车票正式开售，同时也拉开暑期旅游预订热潮的 序幕。途牛发布《2025暑期出游趋势预测》显示，截至目前预订出游人次较去年同期增长超35%。其 中，出境游预订出游人次同比增长60%。 细分来看，境内游中传统文化游、避暑游以及海滨休闲游等主题是用户的热门选择。其中，北京、三 亚、乌鲁木齐、上海、珠海、伊犁、阿勒泰、南京、大理、广州等目的地受用户青睐，预订热度位 列"暑期境内游热门目的地榜单"前列。厦门、海口、青岛、威海、普洱、长沙、呼和浩特、武汉、烟 台、太原等目的地预订热度较去年同期增长尤为显著，其中厦门预订人次较去年同期增长超150%，海 口增长127%。 出境游方面，马尔代夫、日本、意大利、法国、瑞士、印度尼西亚、德国、英国、马来西亚、泰国等目 的地预订热度排名靠前。一些小众及新兴目的地也受到游客的关注和喜爱。其中，比利时、卢森堡、赞 比亚、希腊等目的地预订出游人次同比增长翻番，阿联酋、荷兰、格鲁吉亚、亚美尼亚、阿塞拜疆、挪 威等目的地预订热度也迎来显著增长。 从出游客群来看，毕业游市场呈现"短途高频，长短结合"特征，毕业游用户更加注重情绪价值以及个 性、 ...

Group 1: Qunar Travel - Qunar Travel held its first Customer Service Festival, introducing the "NICE" service concept focusing on nimbleness, innovation, empathy, and expertise [2] - The company announced new benefits for customer service staff, including the option to work from home for up to four days a week and an annual travel fund of 1200 RMB [2] - Qunar aims to enhance its customer service training system and leverage AI to help young staff become industry experts more quickly [2] Group 2: Midea Group - Midea Group established a new e-commerce company in Guangzhou with a registered capital of 10 million RMB, focusing on AI hardware sales and home appliance installation services [3] - The new company is jointly owned by Midea Group and its subsidiary, Foshan Midea Air Conditioning Industrial Investment Co., Ltd [3] Group 3: Tencent - Tencent launched a generative recommendation algorithm competition with a prize pool of several million and job offers to attract global talent [4] - This competition is part of Tencent's largest recruitment initiative and focuses on cutting-edge AI technology [4] Group 4: Ele.me - Ele.me announced an investment of over 1 billion RMB to enhance its quality takeout services through the "优店腾跃计划" [5] - The initiative includes offering new stores up to three months of commission-free service and increased exposure through Alibaba's ecosystem [5] Group 5: Guangxi - Guangxi has initiated the construction of an AI open innovation platform, which includes establishing new R&D institutions and joint innovation centers [6] - The platform aims to collaborate with ASEAN countries in AI research and development [6] Group 6: Baidu - Baidu's AIDU plan represents its largest recruitment drive for top AI talent, expanding job openings by over 60% compared to last year [7][8] - The recruitment covers 23 core business areas and 11 research directions, focusing on advanced AI technologies [7] Group 7: Nezha Auto - Nezha Auto's parent company has entered a restructuring process to resolve its debt crisis and optimize management [9] - The restructuring will involve bringing in a new CEO with international automotive experience and focusing on production recovery and market expansion [9] Group 8: National Bureau of Statistics - The unemployment rate for young people in China has decreased for three consecutive months, with the urban survey unemployment rate at 5% in May [10] - The growth in the wholesale and retail sectors, as well as accommodation and catering industries, has contributed to employment stability [10] Group 9: Zhilian Recruitment - The demand for jobs in the humanoid robot sector has surged, with job postings increasing by 409% year-on-year [11] - Technical positions dominate the recruitment landscape, accounting for 62% of job postings and 71% of job seekers in the robotics industry [11] Group 10: Inner Mongolia - Inner Mongolia will implement a new regulation to ensure the payment of wages to migrant workers starting July 1, 2025, marking the first local law of its kind in China [12] - The regulation includes provisions for wage payment, guarantees, supervision, and legal responsibilities [12]

"携程利润表现与其营收的稳健增长形成反差。携程的销售及营销费用、研发费用、一般及行政费用分 别达30亿元、35亿元、10亿元，同比增幅分别为30%、13%、11%，主因是线下门店扩张和AI技术投 入。同程旅行净利润同比大涨得益于同程通过AI技术降低客服成本（节省15%人力成本）和动态打包系 统提升供应链效率。途牛同比转亏主要源于营业成本同比上升85.9%，占净收入的41%，远高于2024年 同期的24%。"陈礼腾表示。 文化和旅游部数据显示，2025年一季度国内居民出游总花费同比增长18.6%，达到1.8万亿元，其中农村 居民出游花费同比增长近40%，增速远高于城镇居民。县域及农村市场释放消费力将成为新增长极。此 外，国际旅游复苏加速将为行业带来新机遇。 途牛2025年第一季度净营收1.175亿元，同比增长8.9%。其中打包旅游产品收入9900万元，同比增长 19.3%，占总营收84%；其他收入1850万元，同比下跌25.8%；直播业务单场支付金额破千万元，核销额 同比增超20%。 网经社电子商务研究中心数字生活分析师陈礼腾表示，从营收规模来看，携程领跑行业，主要源于其全 链条服务能力（覆盖住宿、交通、度假、 ...

近期，携程（TCOM）、同程（0780）、途牛(TOUR) 3家在线旅游上市公司相继发布2025年一季度业 绩报告。对此，网经社电子商务研究中心给予解读。 出品｜网经社 作者｜无痕 审稿｜云马 配图｜网经社图库 | 2025年Q1携程、同程旅行、途牛核心财报数据对比 | | | | | --- | --- | --- | --- | | 指标 | 携程 | 同程旅行 | 途牛 | | 营收 (亿元) | 138 | 43.77 | 1.175 | | 营收增速 | 16% | 13.2% | 8.9% | | 核心业务营收 | 住宿预订:55.41 | 住宿业务:11.9 | 打包旅游:0.99 | | (亿元) | 交通票务:54.18 | 交通业务:20 | | | 净利润(亿元) | 43.14 | 7.88 | -0.054 | | 滕野菜乐光 | 持平 | 41.3% | 转亏 | | 净利率 | 34% | 18% | -4.6% | | 图表编制:网经社 | | | 网址: WWW.100EC.CN | 营收规模与增速：携程领跑 同程稳健 途牛承压 携程2025年Q1净营收138亿元，同比增长1 ...

如果你此刻停留在微信主页面，想要到达腾讯自己财付通旗下消费贷「分付」产品，需要点击「我」-「服务」-「钱包」-「分付」。 总共需要点击4次。 你也可以点击「我」-「服务」-「火车票机票」（或者「酒店民宿」）进入同程旅行页面，并在首页看到「借钱」服务-点击「借钱」，即可到达「同程易 融」页面。 这个流程，也只需要点击4次。 非常方便。 如果你需要获得「分付」额度，需要进一步点击「查看我的额度」-「同意并继续」-「输入支付密码」-「验证」刷脸—再点击「同意」-进行人脸识别， 方可出额度。额度显现后，可根据历史交易来申请借款。 前面提到的「同程易融」，如要获得个人消费贷额度，则需要进一步点击「同意」各种协议，上传身份证，方可获得额度。 虽然上传身份证的步骤略显复杂，但得益于布局在微信的固有入口，产品体验上已经胜过太多的产品。 并且节省了无限的流量成本。 「同程易融」小程序主体为一家融担公司——「福建万创华盛融资担保有限公司」，该公司穿透由艺龙网100%持股，目前注册资本2000万人民币。 「同程易融」固定存在「微信」-「服务」栏目「火车票机票」、「酒店民宿」，两个入口。 像「同程易融」这样布局在微信服务端的借钱还有 ...

6月12日，途牛旅游网披露2025年第一季度业绩报告。财报显示，途牛2025年一季度净营收为1.175亿元，同比增长8.9%；净亏损为535.20万元，2024年同期 净利润为2190万元。 | | Quarter Ended | Quarter Ended | Quarter Ended | | --- | --- | --- | --- | | | March 31, 2024 | December 31, 2024 | March 31, 2025 | | | RMB | RMB | RMB | | Revenues | | | | | Packaged tours | 82,951 | 75,440 | 98,969 | | Others | 25,007 | 27,292 | 18,547 | | Net revenues | 107,958 | 102,732 | 117,516 | | Cost of revenues | (25,913) | (32,935) | (48,169) | | Gross profit | 82,045 | 69.797 | 69,347 | 事实上，途牛的盈利之 ...

"你看看，这就是126平方米的户型""挺好的，现在就是非常关心价格"……随着济南首批配售型保障房发售在即，凤鸣新筑、清河新筑两个项目样板间开 放后，迎来大批看房群体。截至6月14日，济南配售型保障房轮候库申请人家庭超过2700名，而首批配售433套房源，这相当于每6个申请人家庭才能中得 一套，可见配售型保障房的受欢迎程度。 在凤鸣路与旅游路东南方向的凤鸣新筑项目，看房家庭络绎不绝，高峰时刻甚至要排队等候。他们中，既有踏入职场才几年时间的小情侣，也有渴望改善 居住条件的普通家庭，不乏带着父母、孩子组团看房。 据项目工作人员介绍，自6月9日样板间开放以来，前5天共接待了209组看房家庭，而14日一天则接待了143组，为最多的一天。 在清河新筑配售型保障房项目，火热的一幕也在上演。6月13日样板间刚刚开放，就吸引了140余组家庭参观。该项目处于老城区，坐拥小清河景观资源， 因而周边地缘性群体最为关注，看房家庭以中老年人为主。 与凤鸣新筑项目有所不同的是，清河新筑项目多以中小户型为主。比如70平方米的样板间，一梯两户，带有双气，房间采用全明设计，客厅、卧室都很敞 亮。而且，样板间看到的所有装修和配套都是按交房标准打造 ...

6月15日，新西兰移民局官网发布消息：自2025年11月起，持有有效的澳大利亚访客、工作、学生或家 庭签证的中国游客，从澳大利亚出发前往新西兰时，将可申请新西兰电子旅行授权(NZeTA)，无需再申 请签证，停留最长期限为3个月。携程数据显示，今年4月至5月期间，携程用户赴新西兰旅游订单量同 比增长37%，景区GMV同比增长74%。预计新政实施后，经澳中转赴新的客流量将实现显著增长。(智 通财经) ...

结束高考的一周里，小李(化名)都在做假期旅游攻略。"爸妈一开始劝我趁这段假期考驾照，但好不容 易有一个长假期，我想出去走走看看。" 高考过后，暑期临近，毕业旅游市场迎来新一轮增长热潮。6月13日，新京报贝壳财经记者从多家旅游 企业获悉的订单数据显示，今年的毕业旅行市场呈现多元化特征，细分人群的出游偏好也有所不同，网 红打卡、"世遗"之旅等成出游热门选项。 同程旅行的数据则显示，从6月9日夜间开始，全国热门城市的机票预订热度呈明显上涨趋势，其中超过 一半的订单为"1名毕业生+1名家长"的"1+1"组合。 有分析指出，今年参加高考的学子普遍为05后，作为电子数码产品和社交媒体陪伴下成长的一代，他们 的出游决策周期普遍较短，在预算和目的地的选择上也拥有更大的自主权和决策权。 据途牛相关负责人介绍，05后更追求个性、灵活的旅游体验。他们既注重性价比，会选择"特种兵式"旅 行；也愿意为兴趣和情绪价值而买单，可以为明星演唱会"一掷千金"，也可以为了增添仪式感而选择定 制游、私家团等旅游产品，或选择私人旅拍、视频跟拍等增值服务。 跟着"热点"去旅游，"网红"目的地成热门之选 毕业游市场多人出行预订占比超七成，05后愿意为情 ...