饿了么、飞猪加入阿里中国电商事业群！ 6月23日，阿里巴巴集团CEO吴泳铭发布全员邮件宣布，即日起，饿了么、飞猪加入阿里中国电商事业群。 有行业人士分析称，在过去两个月，淘宝闪购协同各方展现出的业务潜力，促使阿里进一步坚定了加大投入、 整合资源的决心。本次调整，是为了给消费者更好地提供优惠与便利，也为品牌及商家探索新的商业模式和生 意增长创造更大空间。 淘宝闪购今年发力 今年5月2日，淘宝闪购正式上线，不到一个月，日订单量即超4000万。阿里巴巴2025财年第四季度及全年财报 业绩会曾透露，淘宝闪购无论在规模增长还是效率提升上均超出预期。 数据显示，在刚刚过去的天猫618，淘宝闪购用户规模和活跃度创下新高，平台购买用户数实现双位数增长， 618全周期天猫剔除退款后的GMV同比增长10%。在今年天猫618，品牌纷纷加码即时零售，3C数码、服饰、 快消、运动户外等行业多个品牌。 有分析认为，此次战略调整后，阿里加大力度整合集团资源，升级走向大消费平台，也有望为淘宝闪购带来更 多发展空间。 具体来看，范禹继续担任饿了么董事长兼CEO，南天继续担任飞猪CEO，两人均向阿里电商事业群CEO蒋凡汇 报。饿了么、飞猪继续保 ...

Group 1: Market Overview - The market has seen adjustments in hot sectors, with cyclical commodities like coking coal, aluminum, and Brent crude oil performing well due to the Middle East crisis affecting global commodity supply [2] - The North China 50 index has adjusted, influenced by discussions around micro-cap stock trading congestion, with cautious investors taking action [2] - A weekly review of A-shares shows bank stocks leading in gains, while sectors like beauty care, pharmaceuticals, textiles, and social services have seen declines [2] Group 2: Middle East Risk - The Middle East crisis is currently limited to Iran, but concerns are growing about the potential for escalation following U.S. airstrikes on Iranian nuclear facilities [3] - Predictions suggest that if Iran expands its attacks and blocks the Strait of Hormuz, oil prices could surge to $120-130 per barrel, leading to high global inflation and reduced manufacturing profits [3] - Analysis indicates that U.S. actions may be politically motivated to alleviate internal pressures, with a focus on avoiding ground troop deployment [3] Group 3: China Asset Revaluation - The recent Lujiazui Forum indicated a policy tone favoring openness, which could release policy dividends for the revaluation of Chinese assets [5] - Foreign Direct Investment (FDI) in China has shown a decline, with actual foreign investment amounting to 358.19 billion yuan in the first five months of 2025, down 13.2% year-on-year [5][6] - The structure of FDI shows positive trends in high-tech industries, with significant growth in sectors like e-commerce services and aerospace manufacturing [6] Group 4: Tax Revenue Insights - National public budget revenue for January to May 2025 was 96,623 billion yuan, a slight decrease of 0.3% year-on-year, with land use rights revenue down 11.9% [7] - The probability of a real estate market resurgence is low, as indicated by declining property-related tax revenues [7] - Securities transaction stamp duty increased by 52.4% year-on-year, reflecting heightened market activity and the importance of the stock market in asset revaluation [8] Group 5: Non-Tax Revenue and Market Dynamics - Non-tax revenue grew by 6.2% year-on-year, indicating a shift in focus from external factors to internal reforms and adjustments in interests [9] - The government is increasingly normalizing its behavior in revenue collection, which is crucial for market vitality and asset revaluation [9] Group 6: Long-Term Asset Revaluation - While external risk premiums suggest a foundation for asset revaluation in China, internal conditions still require improvement for a complete revaluation [10] - The restructuring of international order and adjustments in China's leading industries present ongoing investment opportunities [11]

Core Insights - Alibaba Group's CEO announced the integration of Ele.me and Fliggy into Alibaba's China e-commerce business group, marking a strategic upgrade towards becoming a comprehensive consumer platform [1] - The decision is driven by the recent success of Taobao Flash Sale, which has shown significant business potential and prompted Alibaba to increase investment and resource integration, particularly in the instant retail sector [1][2] Group 1: Strategic Changes - Ele.me and Fliggy will maintain their corporate management structure while aligning their business decisions with the unified goals of the China e-commerce business group [1] - The strategic shift aims to enhance user experience by optimizing and integrating business models from a consumer perspective [1] Group 2: Performance Metrics - Taobao Flash Sale launched on May 2, achieving over 40 million daily orders within a month, with 75% of orders coming from non-tea beverages, indicating a significant expansion into various product categories [1] - The on-time delivery rate for Taobao Flash Sale orders reached 97%, showcasing operational efficiency [1] - During the recent Tmall 618 shopping festival, the platform saw a double-digit growth in active users, with a 10% year-on-year increase in GMV after refunds [2] Group 3: Market Position - Alibaba possesses a strong advantage in the consumer sector, with 1 billion annual active consumers and 300,000 brands on Tmall, supported by a mature e-commerce service system [2] - The strategic adjustment is expected to further enhance growth for Taobao Flash Sale by leveraging Alibaba's extensive resources [2]

来 源 | 济南时报 本期编辑 刘雪莹 对标美股"七巨头"，高盛提出中国"十巨头"！腾讯阿里小米在列 阿里大文娱，官宣更名 SFC 21君荐读 6月23日，阿里巴巴集团CEO吴泳铭发布全员邮件，宣布即日起，饿了么、飞猪合并入阿里中 国电商事业群。 饿了么飞猪继续保持公司化管理模式，业务决策执行上与中国电商事业群集中目标、统一作 战。 ...

周末要闻 【美袭击伊朗核设施，多方发声谴责】 大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 本 栏目由虎嗅出品。 古巴国家主席迪亚斯-卡内尔强烈谴责美国轰炸伊朗核设施，称此举将导致中东地区冲突"危险升级"。 他在社交媒体上发文说，美国的行为严重违反《联合国宪章》和国际法，"将人类拖入一场不可逆转的危机"。 巴基斯坦外交部表示，巴基斯坦谴责美国继以色列发动一系列袭击后对伊朗核设施的袭击，巴方对该地区紧张 局势可能进一步升级深感担忧。巴方重申，这些袭击违反了所有国际法准则，伊朗拥有根据《联合国宪章》进 行自卫的合法权利。 【中国代表在联合国安理会谴责美国袭击伊朗】 据央视新闻，中国常驻联合国代表傅聪22日在安理会紧急公开会上发言，强烈谴责美国袭击伊朗、攻击接受国 际原子能机构保障监督的核设施。 傅聪说，美方对伊朗福尔多、纳坦兹和伊斯法罕三处核设施实施打击，此举严重违反《联合国宪章》宗旨和原 则以及国际法，侵犯伊朗的主权、安全和领土完整，加剧中东紧张局势，严重冲击国际核不扩散体系。国际社 会必须主持正义，为推动局势降温、恢复和平稳定作出切实努力。 傅聪说，当前中东局势骤然紧 ...

Core Viewpoint - The 618 shopping festival this year was notably quieter, attributed to the increasing number of promotional events and more rational consumer behavior, leading to a dilution of 618's impact [1][2][6] Group 1: Changes in E-commerce Strategies - E-commerce platforms have simplified subsidy rules, reducing complexity and competition among them, resulting in a more subdued atmosphere compared to previous years [2][6] - The previous aggressive price wars have led to a "low-price trap," where platforms struggled to maintain profitability while competing on price [4][5][6] - The 618 event this year marked a shift away from price wars, with platforms focusing on differentiated competition based on their unique strengths and market understanding [6][8] Group 2: Platform-Specific Developments - **Taobao**: Despite a 10% growth in GMV, there are concerns about the increasing costs for small merchants and complaints about unclear service fees, indicating a struggle to balance the interests of different merchant types [11][12][13] - **Douyin E-commerce**: Focused on enhancing content advantages and supporting small merchants through flexible policies, Douyin has shifted towards a model that combines content and commerce effectively [17][20] - **JD.com**: Achieved over 100% growth in user orders, benefiting from government subsidies, but faces challenges in maintaining its competitive edge as market dynamics evolve [21][22][23] - **Pinduoduo**: Launched a "trillion support" plan to assist small merchants, aiming to improve supply-side efficiency, but faces profitability challenges due to ongoing subsidies [25][26][27] Group 3: Industry Trends and Consumer Behavior - The retail industry is evolving towards a consumer-centric model, where understanding and meeting user needs is paramount for competitive advantage [27][28] - The focus has shifted from merely competing on price to enhancing user experience and building sustainable competitive advantages [28]

二、数字经济开启经济变革的表现（一）改变商业模式电子商务的兴起颠覆了传统的商业零售模式。消费者不再局限于实体店购物，而是可以通过网络平台 购买全球各地的商品。像亚马逊、阿里巴巴等电商巨头，不仅改变了人们的购物习惯，还催生了新型的物流、支付等配套产业。共享经济模式也是数字经济 的产物。以共享单车、共享汽车、共享办公空间等为代表，通过数字平台将闲置资源重新配置，提高了资源的利用率，同时也为消费者提供了更加灵活、便 捷和低成本的服务。（二）提升生产效率在工业生产中，数字技术的应用使得生产过程更加智能化。例如，通过工业互联网连接设备、生产线和企业，实现 生产数据的实时采集和分析，企业可以及时发现生产中的问题并进行优化调整，减少设备停机时间，提高生产效率。在农业领域，数字化的精准农业技术能 够根据不同地块的土壤、气候等条件，精准地进行播种、施肥、灌溉等操作，提高农作物的产量和质量，同时降低资源的浪费。（三）推动创新与创业数字 经济降低了创新与创业的门槛。借助云计算、开源软件等数字技术，创业者不需要大量的前期硬件投入就可以开展业务。例如，许多小型互联网企业利用云 服务提供商的计算资源，快速开发和部署应用程序。（四）优化资 ...

Group 1: Railway Freight Performance - In the first five months of the year, the national railway transported a total of 1.641 billion tons of goods, representing a year-on-year increase of 3.1% [1] - The average daily loading reached 181,000 cars, which is a 4.2% increase compared to the same period last year [1] - Key projects such as coal transportation in Xinjiang and iron ore transportation in Jin Nan have established green channels to ensure efficient delivery [3][4] Group 2: Logistics and Service Improvements - A total of 655 logistics contracts were signed in the first five months, promoting the shift of bulk cargo transportation from road to rail [4] - The development of multimodal transport "one document" products reached 43, with 6.833 million TEUs of rail-water intermodal containers sent, marking an 18.4% increase [4] - The railway logistics financial services have provided credit financing of 19.783 billion yuan to 819 clients [4] Group 3: Cross-Border Transportation - The China-Europe Railway Express maintained stable operations, with the Central Asia Railway Express operating 6,046 trains, a 23% increase year-on-year [5] - The China-Laos Railway sent 2.502 million tons of cross-border goods, reflecting an 8% year-on-year growth, which significantly promoted international trade [5] Group 4: Foreign Investment and E-commerce Growth - In the first five months, the number of newly established foreign-funded enterprises in China increased by 10.4%, exceeding 24,000 [6][8] - The actual use of foreign capital in high-tech industries surpassed 109 billion yuan, with significant growth in sectors like e-commerce services and pharmaceutical manufacturing [8] - Online retail sales grew by 8.5% in the first five months, driven by quality products and new consumption models [11] Group 5: Industrial Production and Green Transition - The industrial production in China maintained rapid growth, with the added value of large-scale industries increasing by 6.3% year-on-year [12] - The renewable energy sector saw significant growth, with wind and solar power generation increasing by 11.1% and 18.3%, respectively [15] - Investment in equipment and tools increased by 17.3%, driven by large-scale equipment updates [18]

前世界首富、电商巨头亚马逊的创始人杰夫·贝索斯下周将与前电视主播劳伦·桑切斯共同踏入 婚礼殿堂。随着典礼的日期临近，各方爆料也传出更多的细节。 作为背景，2019年贝索斯与桑切斯各自离婚后开始公开交往。2023年5月，年近60的贝索斯 在"科鲁号"超级游艇上完成求婚。 由于贝索斯在2021年就已经卸任亚马逊CEO，所以近些年来，他出现在公众视野时要么在捣 鼓火箭公司蓝色起源，而更多时候是与未婚妻桑切斯秀恩爱。 据悉，约有200余名亲友将奔赴意大利出席婚礼。与其他的"超级婚礼"类似，宾客名单上会出 现奥普拉·温弗瑞、米克·贾格尔、Jay-Z、碧昂斯等一众明星。据悉，美国总统特朗普的女儿 伊万卡，也可能与丈夫贾里德·库什纳一同到场。此外，参加过两人订婚派对的亲友也有可能 出席，例如金·卡戴珊和比尔·盖茨。 威尼斯市长路易吉·布鲁尼亚罗曾表示， 这场婚礼将给这座城市"带来价值数百万欧元的经济 影响" ，他也强调由于邀请的宾客数量只有200多人，所以这场婚礼并不会对威尼斯的游客和 居民造成"任何干扰"。 目前举办婚礼仪式的地点依然保密，但有知情人士透露，婚礼筹办方已包下整个圣乔治马焦雷 岛，该岛正对威尼斯著名的圣马可 ...

本期编辑 金珊 周末打虎！于文明被查 金融圈反腐新消息！许海被查 饿了么原高管被警方带走！曾任该职位不到一年 SFC 21君荐读 据红星资本局报道， 唯品会向记者表示，唯品会对贪腐行为零容忍。副总裁Tony（冯佳路） 因涉嫌个人经济问题正在配合公安机关调查，公司业务运营一切正常。知情人士称，冯佳路 在唯品会负责品牌营销等工作 。 公开信息显示，冯佳路现任唯品会副总裁，拥有超过10年的品牌营销及公关传播管理经验， 曾任宝洁旗下玉兰油大中华区品牌总监；同时担任过国际公关公司万博宣伟顾问，拥有北京 外国语大学经济学和英语文学双学士学位。 5月20日，唯品会发布的2025年第一季度财报显示，公司第一季度实现净营收262.7亿元，较 上年同期的276亿元下降5%，较市场预期的263.3亿元略低0.6%。 GMV（商品交易总额）523.8亿元，同比微降0.11%；订单总数1.67亿，较2024年同期的1.79 亿下降6.7%。 盈利能力方面，唯品会第一季度净利润19.8亿元，同比下降16%；Non-GAAP（非通用会计准 则）净利润23亿元，较上年同期的26亿元下降11.5%。 6月22日，唯品会副总裁冯佳路因涉及贪腐问 ...