瑞财经 吴文婷8月14日，京东集团发布2025年第二季度及中期业绩公告。 根据公告，集团第二季度实现收入为3567亿元，较2024年第二季度增加22.4%；归属于公司普通股股东的净利润为62亿元，2024年第二季度为126亿元，同 比下滑50.8%。 新业务方面，2025年二季度，京东外卖继续健康发展，京东618期间外卖业务日单量突破2,500万单，入驻品质商家超150万家，截至二季度末全职骑手规模 已突破15万人。 此外，2025年7月，京东推出七鲜小厨，通过"菜品合伙人模式"，与合伙人共同开发招牌菜。 京东集团首席执行官许冉表示，二季度，京东平台的用户流量、季度活跃用户数以及用户购买频次等均取得显着增长，这主要得益于核心京东零售业务和外 卖等新业务的持续发展势头。 同时，其指出，京东外卖业务也取得健康发展，不仅在订单量增长、商家数量扩大、全职骑手招聘等方面稳步推进，更重要的是与京东零售以及其他现有业 务形成有效协同，成功达成公司的初期战略目标。 ...

Group 1 - The company reported a revenue of 356.7 billion yuan for the second quarter, representing a 22.4% increase compared to the second quarter of 2024 [1] - The net profit attributable to ordinary shareholders was 6.2 billion yuan, down from 12.6 billion yuan in the second quarter of 2024 [1] - The new business segment, including JD's entry into the food delivery market, saw a significant revenue increase of 199% year-on-year, reaching 13.852 billion yuan [3] Group 2 - The total revenue for JD Retail was 257.072 billion yuan for the three months ending June 30, 2024, and is projected to reach 310.075 billion yuan for the same period in 2025 [5] - JD Logistics generated revenue of 44.207 billion yuan for the three months ending June 30, 2024, with a forecast of 51.564 billion yuan for 2025 [5] - The total human resources expenditure for JD's ecosystem reached 136 billion yuan for the twelve months ending June 30, 2025 [9] Group 3 - The number of full-time delivery riders exceeded 150,000 by the end of the second quarter, with daily orders during the 618 shopping festival surpassing 25 million [3] - The total number of personnel within JD's ecosystem, including part-time employees and interns, reached approximately 900,000 as of June 30, 2025, up from 670,000 as of December 31, 2024 [7]

Core Viewpoint - JD Group reported a strong performance in Q2 with net revenue of 356.66 billion yuan, a year-on-year increase of 22.4%, surpassing the estimated 335.45 billion yuan [1] - Adjusted earnings per ADS for Q2 were 4.97 yuan, exceeding the forecast of 3.78 yuan [1] Group 1 - The growth in Q2 was driven by robust increases in user traffic, quarterly active users, and shopping frequency on the JD platform [1] - The CEO of JD, Xu Ran, highlighted the continuous development momentum of the core JD retail business and new initiatives, including JD Daojia [1]

2014年，阿里巴巴上市前夕，蔡景现与方永新、倪行军一同被增选为阿里巴巴合伙人。倪行军以支付宝 第一行代码的书写者著称，而蔡景现则因其在淘宝的开创性贡献而备受瞩目。时任阿里首席人力资源官 的彭蕾曾这样评价他们："他们三人天真而执着，多隆写代码时的专注，仿佛入定一般。" 蔡景现的传奇不仅限于技术领域的卓越成就，他还以非科班出身的身份，凭借对代码的热爱与执着，登 上了2017年的胡润百富榜，身价高达26亿元。这一成就，无疑是对他多年来在技术领域默默耕耘的最好 证明。 在阿里内部，蔡景现被尊称为"少林扫地神僧"，他的技术造诣之深，令人叹为观止。据说，当他沉浸在 代码的世界中时，外界的一切喧嚣都难以打扰到他，这种对技术的纯粹与专注，成为了阿里技术小二们 心中的榜样。 蔡景现的离职，标志着阿里巴巴又一位传奇人物的隐退。然而，他在阿里留下的足迹，以及那份对代码 的单纯热爱与执着追求，将永远激励着后来者继续前行。在阿里的技术史上，多隆的名字，将永远熠熠 生辉。 阿里巴巴集团前合伙人蔡景现，一个以"多隆"为花名的传奇人物，已悄然从这家科技巨头的舞台中淡 出。作为淘宝的创始人之一，他不仅是阿里巴巴第一代程序员，更是淘宝历史上的 ...

《科创板日报》8月15日讯（记者 徐赐豪 黄心怡）昨晚，京东集团发布了2025年二季度业绩报告。 财报显示，京东今年二季度收入强劲增长，营收3567亿元，同比增22.4%；不过因外卖大战投入较大，利润出现明显下滑，属于普通股股东的净利润62亿 元，较去年同期的126亿元下跌51%。 "长期来看，我们做外卖业务不是追求一、两个月的成绩，而是希望能够长期做5年、10年、20年，所以我们追求的可持续发展的商业模式。"京东集团 CEO许冉在财报业绩会上表示，我们会持续释放外卖和核心零售业务之间的协同潜力，为整个集团长期健康增长提供动力。 新业务亏损147.77亿元 分业务来看，京东零售二季度实现收入3100.75亿元，去年同期为2570.72亿元；京东物流收入为515.64亿元，去年同期为442.07亿元。 值得一提的是，京东包含外卖在内的新业务收入实现大幅增长，从去年同期的46.36亿元同比激增198.79%，达到138.52亿元。但与此同时，该板块运营亏 损也急剧扩大，从去年同期的6.95亿元飙升至147.77亿元，运营利润率低至负106.7%。 | | | | (以百万计,百分比数据除外) | | | | | ...

美团是一家以"吃"为核心的生活服务电子商务平台，主要通过科技创新为消费者提供品质生活服务，推 动生活服务业的数字化升级。2018年9月20日，美团在港交所挂牌上市，公司将持续加大科技研发投 入，以客户为中心，承担社会责任，创造社会价值，并与合作伙伴共赢发展。 作者：行情君 截至2025年一季报，美团-W营业总收入865.57亿元、净利润100.57亿元。 8月15日，美团-W(03690)盘中下跌2.97%，截至09:30，报120.7元/股，成交3.06亿元。 本文源自：金融界 ...

Group 1: Regulatory Changes and Economic Measures - The State Council of China has announced the introduction of a new K visa for foreign young scientific and technological talents, effective from October 1, 2025 [1] - The People's Bank of China will conduct a 500 billion yuan reverse repurchase operation with a fixed quantity and interest rate, set for August 15, 2025, with a term of 182 days [1] Group 2: Industry Growth and Performance - China's digital infrastructure has seen significant development during the 14th Five-Year Plan period, with 5G base stations reaching 4.55 million and gigabit broadband users totaling 226 million by June 2025 [1] - The data industry in China is expected to grow rapidly, with over 400,000 data companies projected by 2024 and an industry scale reaching 5.86 trillion yuan, a 117% increase from the end of the 13th Five-Year Plan [1] - The postal industry in China reported a cumulative delivery volume of 122.3 billion items in the first seven months, a year-on-year increase of 16.2% [1] Group 3: Company Financial Performance - JD Group reported a revenue of 356.7 billion yuan (approximately 49.8 billion USD) for Q2 2025, a 22.4% increase compared to Q2 2024 [1][7] - China Telecom's half-year report for 2025 showed a revenue of 269.4 billion yuan, a 1.3% year-on-year increase, with a net profit of 23 billion yuan, up 5.5% [1][7] - Cambrian Technology announced that its stock price has deviated significantly due to misleading information regarding large orders and revenue forecasts [1][7]

Group 1: Company Initiatives - Pang Donglai announced a recruitment initiative for ex-offenders, allocating 2% of job openings for individuals with criminal records, emphasizing the importance of social reintegration and respect for all individuals [3][5] - The company aims to gradually include more serious offenders in future hiring processes, starting with those convicted of minor to moderate crimes [5] Group 2: Regulatory Updates - The Central Commission for Discipline Inspection has outlined six types of side jobs that public officials are prohibited from engaging in, including "hanging certificates" for profit and unauthorized intermediary activities [6] - There are also six types of side jobs that public officials may pursue under certain conditions, such as physical labor and self-media operations [6] Group 3: Financial Performance - JD Group reported a revenue of 356.7 billion yuan for Q2 2025, marking a year-on-year growth of 22.4%, the highest growth rate in three years [21] - The growth was driven by strong performance in core retail and new business segments, with active user numbers increasing by over 40% year-on-year [21][22] Group 4: Corporate Developments - Alibaba's Taotian Group has been restructured to align with its e-commerce strategy, now operating parallel to Ele.me and Fliggy within the Chinese e-commerce business group [19][20] - This restructuring is expected to enhance operational efficiency and responsiveness to market changes in a competitive e-commerce landscape [20] Group 5: Market Movements - Berkshire Hathaway has reduced its holdings in Apple and Bank of America while increasing investments in companies like Pool and Heico, indicating a strategic shift in its investment portfolio [26][27][28] - The company continues to maintain significant positions in major firms such as Apple and Coca-Cola, reflecting a balanced investment strategy [28] Group 6: Government Policies - The State Council has introduced a new K visa for foreign young technology talents entering China, effective from October 1, 2025, aimed at attracting skilled professionals [29][30]

周四，三大指数波动不大，标普500指数连续第三个交易日创历史新高。美国最新公布的PPI数据强于预 期，促使交易商减少对美联储下月降息的押注并令美国国债走低。对货币政策变化最为敏感的两年期国 债收益率一度上涨两个基点，至3.69%，扭转了早些时候的跌势。美元兑一篮子货币亦上涨。利率互换 显示，美联储在9月会议上降息的可能性为90%，而在一天前，市场已经完全消化了美联储9月的降息。 【美股】截至收盘，道指跌11.01点，跌幅为0.02%，报44911.26点；纳指跌2.47点，跌幅为0.01%，报 21710.67点；标普500指数涨1.96点，涨幅为0.03%，报6468.54点。英特尔(INTC.US)涨7.38%，纳斯达克 中国金龙指数跌2.13%，阿里巴巴(BABA.US)跌3.64%。 【欧股】德国DAX30指数涨190.84点，涨幅0.79%，报24380.75点；英国富时100指数涨10.51点，涨幅 0.11%，报9175.74点；法国CAC40指数涨65.37点，涨幅0.84%，报7870.34点；欧洲斯托克50指数涨 47.40点，涨幅0.88%，报5435.65点；西班牙IBEX35指数涨1 ...

Core Insights - JD Group reported a revenue of 356.7 billion yuan for Q2 2025, marking a year-on-year growth of 22.4%, the highest growth rate in nearly three years [2] - The increase in marketing expenses, which doubled year-on-year to 27 billion yuan, was primarily due to new business promotion activities [2] - The CEO highlighted significant growth in user traffic, active users, and purchase frequency, driven by the core retail business and new ventures like food delivery [2] Financial Performance - For the first half of the year, JD Group achieved a total revenue of 657.742 billion yuan, a year-on-year increase of 19.28%, with a net profit of 17.068 billion yuan, down 13.68% [2] - In Q2, the retail revenue grew by 20.6%, with an operating profit margin reaching 4.5%, the highest for any promotional quarter in the company's history [2][3] - The retail segment generated 31 billion yuan, while logistics contributed 51.564 billion yuan, and new businesses like food delivery reported 1.385 billion yuan, nearly doubling year-on-year [3] Business Development - JD's food delivery service saw significant growth, with daily orders exceeding 25 million during the "618" shopping festival and over 1.5 million quality merchants onboarded [4] - The number of full-time delivery riders surpassed 150,000 by the end of Q2 2025 [4] - JD MALL opened new stores in several cities, bringing the total to 24 by the end of June 2025 [4] Logistics Expansion - JD Logistics is accelerating its "global network" plan, establishing overseas warehouses in multiple countries, including the US, UK, France, and others [4] - As of June 30, 2025, JD Logistics operated over 130 bonded, direct mail, and overseas warehouses, covering more than 1.3 million square meters [4] - The logistics network has expanded to cover 23 countries and regions globally [4]