（文章来源：经济日报） 商务部电子商务司负责人21日介绍上半年我国电子商务发展情况。据测算，上半年，实物商品网上零售 额对社会消费品零售总额贡献率达29.6%，在线餐饮占餐饮收入比重增长1.9个百分点，可数字化交付的 服务进出口平稳增长。 消费电商汇聚品质新活力。扩消费政策在电商领域落地见效，培育品质电商、助力外贸拓内销等活动持 续推进，AI应用场景创新拓展。据国家统计局数据，1月至6月全国网上零售额增长8.5%。品质商品、 以旧换新、网络服务消费增长快，重点监测平台数字产品、15类国补家电和数码产品、网络服务消费分 别增长9.9%、12.7%、14.6%，4月以来平台外贸专区销售超33亿。人工智能等新技术加快应用，从提升 效率、创新产品服务等方面提升消费全链路智能化水平。 产业电商激发转型新潜力。产业电商惠企对接河北站，"数商兴农"进广西、进四川等活动持续举办、成 果显著。其中，举办产业对接活动超280场，覆盖企业超2200家次，达成2万余个合作意向。据商务大数 据监测，1月至6月农产品、电子产品、纺织产业电商交易额增长17.2%、7.3%、6.2%。 丝路电商凝聚普惠新共识。目前，丝路电商伙伴国新增肯尼亚 ...

近年来，新技术、新业态、新模式快速涌现，市场竞争领域不断面临新形势新问题，如"内卷式"竞争、 网络不正当竞争行为、混淆行为多样化复杂化、侵害数据权益等。反不正当竞争法作为竞争领域的基础 性、专门性法律，也需因时而变。 6月27日，十四届全国人大常委会第十六次会议审议通过新修订的《中华人民共和国反不正当竞争 法》，该法将于今年10月15日起施行。 作为我国首部促进公平竞争、规范市场竞争秩序、维护市场经济健康运行的基础性法律制度，反不正当 竞争法自1993年实施至今已有30多年，分别在2017年、2019年经过两次修改，并在这次全国人大常委会 会议上完成第三次修改。 顺应互联网行业的新发展，此次修订直面网络不正当竞争行为等新情况新问题，进一步完善数字经济领 域公平竞争规则，可谓正当其时。 ——编者 公平竞争是市场经济的基础原则，健全完善反不正当竞争法律制度，是建设高水平社会主义市场经济的 内在要求。 全国人大常委会法工委民法室主任石宏介绍，新修订的反不正当竞争法完善了关于网络不正当竞争行为 的规定，对侵害数据权益、恶意交易等不正当竞争行为作出规定，对实践中恶意交易的多种表现形式进 一步细化，如规定经营者不得滥用平 ...

Market Capitalization Summary - New Oriental has a market capitalization of 15.139 billion [2] - TAL Education Group has a market capitalization of 10.502 billion [2] - Vipshop Holdings has a market capitalization of 10.213 billion [2] - Grape King has a market capitalization of 6.398 billion [2] - Qifu Technology has a market capitalization of 5.644 billion [2] - Miniso has a market capitalization of 5.523 billion [2] - Kingsoft Cloud has a market capitalization of 4.401 billion [2] - Huya has a market capitalization of 0.891 billion [4] Stock Performance - New Oriental's stock decreased by 0.24 (-0.97%) [2] - TAL Education Group's stock decreased by 0.05 (-0.26%) [2] - Vipshop Holdings' stock increased by 0.12 (+2.73%) [2] - Grape King's stock decreased by 0.02 (-0.13%) [2] - Qifu Technology's stock decreased by 0.31 (-0.73%) [2] - Miniso's stock decreased by 0.14 (-0.81%) [2] - Kingsoft Cloud's stock decreased by 0.17 (-1.07%) [2] - Huya's stock decreased by 0.43 (-4.26%) [4] Additional Company Insights - Financial One Account has a market capitalization of 0.291 billion with a stock performance of +0.15 (+4.70%) [4] - Cheetah Mobile has a market capitalization of 0.018 billion with a stock performance of +0.95 (+17.89%) [4] - Tuniu has a market capitalization of 0.0132 billion with a stock performance of -0.72 (-7.12%) [4] - Happy Auto has a market capitalization of 0.0092654 billion with a stock performance of -0.54 (-6.01%) [4]

今日多条要点，一起来看详情↓ ↓ ↓ 美宜佳门店突破40000店 7月20日，美宜佳全国第40000家门店在广西南宁隆重开业。这是继2022年全国门店数量突破30000家后，在全国布局上的又一重要跨越，也标志着美宜佳 正式开启"全国40000店"新篇章。截至目前，全国门店网络已覆盖22个省市、240多座城市，月均服务顾客超过2.5亿人次。 图：美宜佳 京东启动新业务"生鲜折扣店" 7月21日消息，京东再度发力折扣零售赛道。据悉，京东或早在今年2月便开启了名为"京东生鲜折扣店"的新业务。该业务聚焦线上生鲜商品折扣销售，各 类商品最低可享5折优惠，还提供小时达、次日达以及自提服务。然而，截至目前，此业务尚未进行大规模推广，平台内多数商品显示无货，由此推测该 业务仍处于调试测试阶段。"京东生鲜折扣店"依托京东生态体系运营，用户需使用京东账号登录。 市场监管部门再次约谈外卖平台企业 7月18日，市场监管总局约谈饿了么、美团、京东三家平台企业，要求相关平台企业严格遵守电子商务法、反不正当竞争法、食品安全法等法律法规规 定，严格落实主体责任，进一步规范促销行为，理性参与竞争，共同构建消费者、商家、外卖骑手和平台企业等多方 ...

Market Capitalization Overview - New Oriental has a market capitalization of 15.105 billion [2] - TAL Education Group has a market capitalization of 10.487 billion [2] - Vipshop Holdings has a market capitalization of 10.338 billion [2] - Grape King has a market capitalization of 8.158 billion [2] - 51.25 billion market capitalization for Qifutec [2] - Kingsoft Cloud has a market capitalization of 4.376 billion [2] - Miniso has a market capitalization of 5.626 billion [2] Stock Performance - New Oriental's stock decreased by 0.09 (-0.49%) [2] - TAL Education Group's stock decreased by 0.28 (-1.11%) [2] - Vipshop Holdings' stock increased by 0.17 (+3.99%) [2] - Grape King's stock increased by 0.04 (+0.28%) [2] - Qifutec's stock decreased by 0.14 (-0.79%) [2] - Kingsoft Cloud's stock decreased by 0.44 (-1.04%) [2] - Miniso's stock decreased by 0.26 (-1.63%) [2] Additional Company Insights - Lufax Holdings has a market capitalization of 1.905 billion [2] - iQIYI has a market capitalization of 2.556 billion [2] - Weibo has a market capitalization of 2.500 billion [2] - Lexin Fintech has a market capitalization of 1.199 billion [2] - Sohu has a market capitalization of 0.291 billion [3] - Huami has a market capitalization of 0.192 billion [3]

天相投顾数据显示，二季度末，腾讯控股继续蝉联主动权益基金头号重仓股，宁德时代及贵州茅台继续 位居第二、第三大重仓股。 【导读】基金二季度重仓股出炉，这些个股获集体增持 随着公募基金2025年二季报披露，主动权益基金最新重仓股也随之出炉。 在二季度调仓换股的过程中，表现亮眼的光模块板块、创新药板块以及此前低配的银行板块获得主动权 益基金较多增持。其中，光模块板块中的中际旭创、新易盛，PCB板块中的沪电股份位居主动权益基金 增持榜前三。 值得注意的是，尽管前三大重仓股保持不变，但公募基金抱团趋势有所减弱。前二十大重仓股中，有19 只个股遭到基金减持，仅招商银行获得增持。 腾讯控股蝉联头号重仓股 主动权益基金持股集中度有所下降 今年二季度，A股市场走出"V形"反转行情，季初受特朗普关税政策冲击，沪深两市一度大幅调整， 在"国家队"护盘作用下，市场迅速企稳，热点轮番演绎，季末站稳3400点之上。 在这一过程中，主动权益基金也积极调仓换股，把握结构性行情，刚刚披露的全部公募基金二季报揭开 了主动权益型基金的最新调仓动向。 天相投顾数据显示，今年二季度，纳入统计的5277只积极投资偏股型基金的前三大重仓股保持不变，分 别 ...

Investment Rating - The report maintains a "Recommendation" rating for the Southeast Asian e-commerce market, highlighting TikTok Shop as an industry dark horse and J&T Express as a key player in logistics [2][7]. Core Insights - The Southeast Asian e-commerce market continues to show robust growth, with a projected total transaction value (GMV) of $128.4 billion in 2024, reflecting a year-on-year increase of 12%. Indonesia remains the largest market, contributing $56.5 billion, which accounts for 44% of the region's total GMV [8][11]. - TikTok Shop is rapidly expanding, achieving a year-on-year growth rate of 39% and a compound annual growth rate (CAGR) of 235% from 2021 to 2024. In 2024, TikTok Shop's GMV reached $22.6 billion, capturing a market share of 17.6% [11][18]. - J&T Express is positioned as a leading third-party logistics provider, benefiting from its partnership with TikTok Shop, particularly in Indonesia, where it holds a significant market share [23][24]. Summary by Sections Market Size - The Southeast Asian e-commerce market is expected to reach a GMV of $128.4 billion in 2024, with Indonesia contributing $56.5 billion, followed by Thailand and Malaysia with growth rates of 21.7% and 19.5%, respectively [8][11]. Competitive Landscape - Shopee remains the market leader with a GMV of $66.8 billion and a 52% market share. TikTok Shop's rapid growth has narrowed the gap, while Lazada maintains a stable position with a GMV of $18 billion and a 14% market share [11][18]. Logistics Sector - J&T Express has demonstrated competitive pricing, with its average price per shipment decreasing from $0.87 in H1 2023 to $0.67 by H2 2024, leading to a market share increase of 3.2 percentage points to 28.6% [29][30].

( 图片来源：《澳华财经在线》) 根据最新发布的2025财年澳洲高管富豪排行榜（Rich Bosses list），WiseTech Global创始人兼执行主席 Richard White以约134亿澳元的财富名列榜首，Chemist Warehouse（已与Sigma Healthcare合并）联合创 始人Mario Verrocchi位居第二，身价约76.4亿澳元，Pro Medicus联合创始人Sam Hupert以接近69亿澳元 的财富位居第三。 Richard White连续第三年蝉联冠军。2025财年，其所持股票的价值增加大约4.4亿澳元，增幅3%。 该榜单根据今年6月30日澳洲ASX300公司高管所持本公司股票的价值进行排名。数据显示，前50名高管 的财富接近610亿澳元，但其中520亿澳元来自前10名，570亿澳元来自前20名。 下面为2025财年澳洲高管富豪Top-10排行榜： 【财经要闻及评论】 澳洲ASX300高管富豪排行榜揭晓 榜首身价134亿澳元 (来源：AFR) 澳洲增长型养老基金Top-10排行榜出炉 最高年回报率近13% 根据研究机构Chant West发布的报告，澳洲养老金 ...

Core Insights - The article presents the weekly ranking of outstanding works titled "作·嗅之星" for the period of July 11 to July 17, 2025, highlighting the top articles and their authors [1][3]. Ranking Summary - The top article is "The Company Doesn't Care How Much Work You Do" by Ye Xiaochai [3][5]. - The second-ranked article is "Why is the Takeaway Industry Still in Battle After Ten Years?" by Junze [3][5]. - The third article, "Is Effort Really Becoming Less Valuable?" is authored by Jiu Bian [3][5]. - "Alibaba's 'Advance' and Pinduoduo's 'Retreat'" by Biao Wai Biao Li ranks fourth [3][5]. - The fifth article, "Sam's Club Lists Haoliyou, Middle Class is Out" is written by Shan Nong Xia Shan [3][5]. - The sixth article, "Will 99% of Programmers Become Unemployed?" is from Tencent Research Institute [3][5]. - The seventh article, "A Generation of SUV Dominator Declares Bankruptcy" is reported by Investment界 [3][5]. - The eighth article, "Why Aren't Those Airlines That 'Suspended Flights to China' Coming Back?" is authored by Travel界 [3][5]. - The ninth article, "What is the Actual Vacancy Rate of Housing in Beijing?" is by Knowledge分子 [3][5]. Support for Authors - The company will regularly provide bonuses and special support rights to the awarded authors to encourage the continuous production of quality content [4][8].

Market Overview - US stock indices opened higher with the Dow Jones up 0.19%, Nasdaq up 0.33%, and S&P 500 up 0.22% [1] - Chinese concept stocks showed mixed performance, with Waterdrop, NIO, and New Oxygen rising over 3%, while Kingsoft Cloud fell over 3% [1] Global Economic News - A warning from business organizations indicates that US tariffs could lead to a 0.8% loss in Italy's GDP by 2027 if a 30% tariff on EU goods is implemented [2] Corporate News - BlackRock analysts noted that European corporate earnings have already factored in tariff risks, suggesting potential for market upside as long as trade shocks are avoided [3] - JD.com announced significant investments in three leading companies in the intelligent robotics sector, indicating a strategic focus on enhancing retail, logistics, and service collaboration [4] - Lexin announced a $60 million stock repurchase plan, with the CEO planning to personally invest up to $10 million in company shares, aiming to enhance shareholder returns [5] - Huami Technology experienced a stock price surge of 395.86% in July, driven by positive revenue growth signals for Q2 2025, marking a significant recovery after three years of stagnation [6]