Core Viewpoint - Alibaba has restructured its business segments on its official website, categorizing them into Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and all other businesses, although this does not indicate any internal organizational changes [1] Group 1: Business Segmentation - The Alibaba China E-commerce Group now includes Taobao, TMALL, Xianyu, Fliggy, Taobao Flash Sale, Ele.me, and 1688 [1] - Ele.me and Fliggy have been integrated into the Alibaba China E-commerce Group as announced by Alibaba Group CEO Wu Yongming in a company-wide email in June [1] Group 2: Other Business Units - Other businesses such as Gaode Map, Cainiao, Youku, and Damai Entertainment are categorized under "all other" [1] - The changes in business segmentation reflect a strategic focus but do not imply any changes in internal reporting structures [1]

格隆汇8月22日丨阿里巴巴(BABA.US)盘前涨超2%，报120.65美元，消息面上，阿里官网重新归纳四大 业务板块。 ...

Investment Rating - The report maintains a "Buy" rating for JD Group [3][5]. Core Views - JD Group's revenue for Q2 2025 reached 356.7 billion yuan, representing a year-on-year growth of 22.4%. The revenue breakdown includes 310.1 billion yuan from JD Retail, 51.6 billion yuan from JD Logistics, and 13.9 billion yuan from new businesses, with respective growth rates of 20.6%, 16.6%, and 198.8% [1][2]. - The report highlights the strong performance of the electronics and daily necessities categories, with electronics revenue reaching 179 billion yuan (up 23.4%) and daily necessities revenue at 103.4 billion yuan (up 16.4%) [2]. - JD's food delivery business has expanded rapidly, covering 350 cities and attracting over 1.5 million restaurant partners, with a daily order volume of 25 million during Q2 [2][3]. - The report emphasizes the synergy between JD's retail and food delivery businesses, which has led to increased cross-category consumption and significant growth in PLUS membership registrations [2][3]. Financial Summary - The projected revenue for JD Group from 2025 to 2027 is 1,327.2 billion yuan, 1,435.8 billion yuan, and 1,575.3 billion yuan, with year-on-year growth rates of 14.5%, 8.2%, and 9.7% respectively [3][4]. - Non-GAAP net profit is expected to decline to 27.4 billion yuan in 2025, followed by recoveries to 37.4 billion yuan in 2026 and 50.6 billion yuan in 2027, with respective growth rates of -42.7%, 36.5%, and 35.3% [3][4]. - The report forecasts a non-GAAP net profit margin of approximately 2.1% for 2025, improving to 2.6% in 2026 and 3.2% in 2027 [3][4]. Valuation - Based on a 10x P/E ratio for 2026 estimates, the report values JD Group at 374.3 billion yuan, translating to target prices of 35 USD and 137 HKD per share [3].

为满足消费者对浪漫仪式的期待，8月22日京东七夕节特别推出"买鲜花抽表白名场面"活动。即日起， 消费者打开京东APP搜索"买鲜花"即可进入活动页面，不仅可以给心爱之人挑选来自世界各地的新鲜花 束、品类丰富的甄选好礼，还有机会让表白信息出现在"苏超"、"中超"比赛现场、商圈大屏、微博热搜 等线上线下热门场景，让爱的表达更具仪式感。 即日起，消费者只需在京东选购七夕指定鲜花，即可参与表白"名场面"活动抽奖。幸运用户产生后，京 东将向中奖用户收集表白信息，并将信息投放到特定线下或线上展示场景中。 七夕佳节，是中国传统节日中最具浪漫色彩的节日之一，不仅寄托了人们对美好爱情的向往与追求，也 成为人们互相表达爱意、传递心意的重要时刻。 如在线下场景中，你的表白信息可能出现在"苏超"比赛现场、"中超"北京国安足球赛场上， 让你的告 白与数万观众的呐喊一同回荡；或是登上全国各地的商圈广告大屏，让你的表白信息被全城人都看到。 此外，线上场景也包括了京东APP首页、微博热搜等多个场景，让你的深情告白获得亿万网友的真诚祝 福。 同时，今年京东七夕节还联合众多品牌及明星推出多项惊喜活动。活动期间，消费者使用京东"一键送 礼"功能，不 ...

Core Viewpoint - Alibaba has restructured its business segments into four major departments, indicating a strategic shift in its operational focus [1] Group 1 - On August 22, Alibaba's official website updated its "Our Business" section, now categorizing its operations into four main departments: Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and "All Other" businesses [1] - Previously, Alibaba operated under a "1+6+N" business classification, which included one Alibaba Group and six major business groups, along with other significant businesses [1] - The recent changes in business segment classification do not reflect an organizational restructuring, and internal reporting structures remain unchanged [1]

当地时间8月15日，美国海关和边境保护局（CBP）发布公告，根据2025年7月30日特朗普签署的第14324号行政命令（"暂停所有国家的最低免税额待 遇"），8月29日起，美国正式取消针对所有国家的低价值商品免税待遇。 自2025年8月29日起，所有国家/地区通过邮递出口至美国的货物包裹不再享受免税待遇，必须通过标准海关申报程序进入美国，提交完整的进口文件，并 根据美国进口关税表（HTSUS）缴纳适用的关税，包括额外加征的关税。 税怎么交？ 先说一下外贸人最关心的话题——新规生效后，低值商品寄到美国去，税该怎么交。 在2026年2月28日，有两种方法可以计税（以下详解），每个月只能选一种方法；在2026年2月28日之后，所有通过国际邮政网络运往美国的涵盖货物必须 使用从价关税法（方法1）计算关税。 方法1：从价关税法 按货物原产国有效IEEPA关税税率（对等关税、芬太尼关税），对每件应税包裹价值征收等额关税 中国商品的IEEPA有效税率为10%对等关税+20%芬太尼关税。 该方法需要填写《CBP国际邮件报关工作表》，如下所示： | CBP International Mail Duty Worksheet | ...

Group 1 - The core viewpoint of the article is that Alibaba has restructured its business segments on its official website, changing from six major business groups to four main groups and other businesses [2] - The new business segments include Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and all other businesses [2] - Specific businesses such as Ele.me and Fliggy are now categorized under Alibaba China E-commerce Group, while Gaode Map, Cainiao, Youku, and Damai Entertainment fall under "all other" [2] Group 2 - It is noted that the changes in the business segment classification on Alibaba's website do not indicate any adjustments in the organizational structure, and internal reporting remains unchanged [2]

新京报贝壳财经讯8月22日，抖音电商发布最新数据显示，今年以来，平台已拦截劣质商品56万件，处 置违规直播间超28万个，优化服务流程带来用户满意度提升40%。同时通过九大扶商政策累计为商家减 负超165亿元。 ...

Core Viewpoint - Alibaba's recent change in its official website's business segment classification does not indicate any organizational restructuring, and internal reporting remains unchanged [1] Group 1 - On August 22, Alibaba's official website updated its business segment classification from six major business groups plus other businesses to Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and all other businesses [1] - The food delivery service Ele.me and travel platform Fliggy have been included in the Alibaba China E-commerce Group, while Gaode Map, Cainiao, Youku, and Damai Entertainment are categorized under "all other" [1]

8月22日消息，据阿里官网，阿里巴巴集团已于近日更新业务架构，将业务重新划分为四大部门：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，此前的"1+6+N"架构正 式退出历史舞台。 此前，阿里巴巴的'1+6+N'业务分类，代表'1'个阿里巴巴集团，旗下有'6'大业务集团：淘天集团、云智 能集团、本地生活集团、阿里国际数字商业集团、菜鸟集团和大文娱集团。'N'是由多个更小型业务所 组成的多家业务公司，如阿里健康、盒马等。 责任编辑：李思阳 此次调整包括将饿了么与淘宝闪购整合为即时零售业务，并纳入中国电商集团。菜鸟集团和大文娱集团 则被重新划归到"所有其他"分类。 | 文化和份值观 型程碑 领导团队 | 硬们的业务 | | | | --- | --- | --- | --- | | 阿里巴巴中国电商贸团 | 阿里国际教字直在奥团 | 云智能集团 | 所有其他 | | 电图 | 导航 | | | | 海宝 | AliExpress | (-)网盘云 | $ 087 | | TMALL 天猫 | trendyol | | Our | | 昌鱼 | Lazada | | ◎■义 | | 7 ...