以下文章来源于黄青春频道 ，作者黄青春Youth 黄青春频道 . 看清流量迁徙的切面 5 月 27 日港股盘后，快手向市场递上 2025Q1 财报，可灵再次被拎出来充当这轮传播的"牌面"—— 除此之外，大家似乎对这家公司的业务发展乃至近况兴致寥寥。 明面上，可灵 AI 2.0 上线后，2025Q1 拉动收入超 1.5 亿元，无论模型优势还是盈利能力都跑在这 波 Al 浪潮的前列——可灵的逆袭，似乎正为快手创造出"二次发育"的契机。 出品｜虎嗅黄青春频道 作者｜商业消费主笔 黄青春 题图｜视觉中国 实际上，快手 2025Q1 营收仅同比增长 10.9% 达 326 亿元， 连续四个季度在 10% 关口上下徘徊， 环比减少了 28 亿 ；净利润同比降低 3.4% 至 39.8 亿元，调整后净利润仅同比增长 4.5% 为 46 亿 元，环比减少了 1 亿元， 较前两年利润增速明显放缓 。 须知，营收、净利润作为一切财报数据的根基，足以窥一斑而知全豹——况且，快手巅峰期市值一度 飙涨至 1.738 万亿港元，市值仅次于腾讯、阿里、美团、拼多多；如今，快手股价"脚踝斩"，市值蒸 发 87% 不足 2300亿（截至发稿， ...

5 月31日 #微信朋友圈能折叠了# 登上热搜 近日，有网友发现 微信朋友圈出现了"折叠"功能 页面更加清爽！ 好友发布的多条朋友圈信息 点击后可显示 好友发布的其他朋友圈消息 对于朋友圈的折叠功能，腾讯客服表示，如朋友圈频繁发送广告营销等内容，为了优化用户体验，该信 息被折叠，用户点击该条朋友圈即可查看完整信息。 腾讯客服称，"朋友圈是用户分享和关注朋友们生活点滴的空间，鼓励在朋友圈分享更多生活的新鲜事 情和感悟。" 什么内容怎样的发布频率会被折叠？ 可能会被折叠 在朋友圈信息下方显示"余下x条" 腾讯客服称，根据《微信个人账号使用规范》， 若朋友圈频繁发送广告营销等内容，该信息被折叠。 "为了优化用户体验，我们限制了批量或多次发送的营销类信息等打扰用户信息的展示形式，用户点击该 条朋友圈即可查看完整信息。" 对于微信推出的朋友圈折叠新功能，很多网友都表示 "舒服了，可以过滤掉不想看到的消息"。 不过，有网友发现，自己多发几条生活日常，朋友圈也会被折叠。另外，网友们还希望微信上新 "编辑 已发布朋友圈""查看分组好友朋友圈" 等功能。 来源：新华网 责编：王璐璐 集体飙升！半导体，突传重磅！ 校对：王锦程 ...

Core Viewpoint - Alphabet has shown significant growth for investors, with shares increasing 144% over the past five years and 525% over the last decade, despite currently trading 16% below its recent high [1][2] Group 1: Market Position and Performance - Google Search remains a dominant player, holding a 90% global market share and generating $50.7 billion in revenue, which is a 10% year-over-year increase and a 28% increase from three years ago [4][5] - In Q1, Alphabet reported a net income of $34.5 billion, allowing for substantial investment in AI initiatives [8] Group 2: AI Integration and Strategy - Concerns regarding AI disrupting Google Search appear exaggerated, as Alphabet is actively prioritizing AI development, announcing 100 updates at the Google I/O developer conference [6][4] - AI is being monetized effectively, with advertising customers benefiting from improved marketing campaigns and targeting capabilities [7] Group 3: Economic Moat and Competitive Advantage - Alphabet possesses a wide economic moat, benefiting from network effects in Search and YouTube, along with strong brand recognition and data collection capabilities [9] - Google Cloud has reached an annualized revenue run-rate of $49 billion in Q1, contributing positively to the bottom line with an operating income of $2.2 billion [10] Group 4: Valuation and Investment Opportunity - Alphabet's shares are trading at a price-to-earnings (P/E) ratio of 19.2, which is considered a discount compared to the S&P 500 Index, making it an attractive investment opportunity [12] - The current market conditions present a favorable buying opportunity for investors looking to capitalize on Alphabet's potential [13]

Core Viewpoint - Tencent's existing businesses are gradually emerging from operational cycle lows, with key games returning to healthy growth and advertising efficiency improving through integration with various platforms [1][5] Group 1: Financial Performance - Tencent's 1Q25 revenue increased by 13% year-on-year, reaching 180 billion, exceeding expectations by 2.5% [1] - Non-IFRS net profit for 1Q25 was 61.3 billion, up 22% year-on-year, surpassing expectations by 3% [1] Group 2: Gaming Business - Tencent's gaming strategy has shifted to focus on evergreen games and new game reserves, leading to a positive outlook for growth [2] - Key games like "Honor of Kings" and "Peacekeeper Elite" have shown recovery in DAU/MAU metrics, with revenue growth expected to improve in 2025 [2] - AI integration in gaming is expected to enhance content production cycles and interactivity, contributing to revenue growth [2] Group 3: Advertising Business - Advertising revenue grew by 20% in 1Q25, significantly outpacing industry averages, driven by video accounts and mini-programs [3] - AI applications in advertising are enhancing return on investment, with expectations for continued growth in 2025 [3] Group 4: Financial Technology and Cloud Services - Financial technology services showed low single-digit growth, primarily driven by loans and wealth management, while payment services faced challenges [4] - Cloud services are undergoing restructuring, focusing on profitability and optimizing gross margins, with AI capabilities expected to enhance service offerings [4]

近日，有网友发现，微信朋友圈出现了"折叠"功能，页面更加清爽！ 好友发布的多条朋友圈信息可能会被折叠，在朋友圈信息下方显示"余下x条"，点击后可显示 好友发布的其他朋友圈消息。 对于朋友圈的折叠功能，腾讯客服表示， 如朋友圈频繁发送广告营销等内容 ，为了优化用户 体验，该信息被折叠，用户点击该条朋友圈即可查看完整信息。 腾讯客服称，"朋友圈是用户分享和关注朋友们生活点滴的空间，鼓励在朋友圈分享更多生活 的新鲜事情和感悟。" "为了优化用户体验， 我们 限制了批量或多次发送的营销类信息等打扰用户信息的展示形式 ，用户点击该条朋友圈即可查看完整信息。" 网友评价不一 另外，网友们还希望微信上新"编辑已发布朋友圈""查看分组好友朋友圈"等功能。 来 源 | 2 1财经客户端、新华网、南方日报 对于微信推出的朋友圈折叠新功能，很多网友都表示"舒服了，可以过滤掉不想看到的消息"。 也有网友发现，自己多发几条生活日常朋友圈也会被折叠。 SFC 本期编辑 刘雪莹 21君荐读 130万粉丝博主鞠躬道歉！ 62岁俞敏洪突发意外！再次回应 宗馥莉，正式接班娃哈哈！ ...

Group 1: Company Overview - Pershing Square Capital Management, founded by Bill Ackman, focuses on high-quality businesses and concentrated investments [1] - As of March 31, Pershing Square's portfolio was valued at $12 billion, with 14% invested in a leading AI stock, which has increased by 143% over the past five years [2] - Alphabet has been a leader in AI development for over a decade, integrating AI into its products and services [4] Group 2: Recent Developments - At the recent Google I/O developer conference, Alphabet announced new AI features, including Gemini Agent Mode for delegating complex tasks to AI [5] - The company is collaborating with Warby Parker to create AI smart glasses, indicating a strategic shift towards AI as a core component of its business [6] - Alphabet's ad sales rose by 8% year-over-year in Q1, demonstrating its ability to adapt and monetize AI technologies [7] Group 3: Financial Performance - Alphabet reported $35 billion in net income and $19 billion in free cash flow in the first quarter, with $95 billion in cash and marketable securities as of March 31 [11] - Despite a 9% decline in share price this year, Alphabet exceeded Wall Street expectations for revenue and earnings per share in Q1 [12] - The current price-to-earnings ratio for Alphabet is 19.2, close to its lowest multiple in the past decade, presenting a potential investment opportunity [13] Group 4: Competitive Advantage - Alphabet's competitive position in the AI sector is strengthened by a powerful network effect, enhancing its products as more users engage with them [9] - The Google Search algorithm improves with increased search queries, while YouTube benefits from more viewership leading to diverse content [10]

近日，有网友发现微信朋友圈出现了"折叠"功能。 好友发布的多条朋友圈可能会被折叠，在朋友圈信息下方显示"余下x条"，点击后可显示好友 发布的其他朋友圈内容。 今天（5月31日），词条 #微信朋友圈能折叠了# 冲上热搜榜第一。 对于朋友圈的折叠功能，腾讯客服表示， 如朋友圈频繁发送广告营销等内容，为了优化用户 体验，该信息被折叠，用户点击该条朋友圈即可查看完整信息 。 腾讯客服称，"朋友圈是用户分享和关注朋友们生活点滴的空间，鼓励在朋友圈分享更多生活 的新鲜事情和感悟。" 什么内容、怎么样的发布频率会被折叠？ 腾讯客户称，根据《微信个人账号使用规范》， 若朋友圈频繁发送广告营销等内容，该信息 被折叠 。 "为了优化用户体验， 我们限制了批量或多次发送的营销类信息等打扰用户信息的展示形式， 用户点击该条朋友圈即可查看完整信息 。" 对于微信推出的朋友圈折叠新功能，很多网友都表示" 舒服了，可以过滤掉不想看到的消息 "。 另外，网友们还希望微信上新 "编辑已发布朋友圈""查看分组好友朋友圈" 等功能。 来源：南方都市报（n d d a i l y）、N视频报道 端午送好礼 为感恩每一位关注与支持新华网财经的朋友，我 ...

Core Viewpoint - A recent court ruling has reignited the competition between Baidu and ByteDance, with a focus on data competition related to Baidu Baike, where a network technology company was found guilty of unfair competition for scraping over 600,000 entries from Baidu Baike and was ordered to pay 5 million yuan in damages and 3 million yuan in reasonable expenses [1][2][4]. Group 1: Legal Context - This case marks the first instance of a legal dispute involving data competition related to encyclopedia entries in China, highlighting the importance of content ecosystems in the search engine market [2][4]. - The court ruled that the network technology company, Interactive Baike, lacked legal authorization and disrupted market competition, violating the Anti-Unfair Competition Law [4][5]. - Since 2016, there have been at least 234 legal cases between Baidu and ByteDance, primarily concerning unfair competition and copyright disputes [5]. Group 2: Strategic Shifts - ByteDance's acquisition of Interactive Baike in 2019 was part of its strategy to enter the search market, but the company has since shifted its focus towards content platforms and community engagement [2][6]. - Despite initial ambitions in the search domain, ByteDance's search-related products have not gained significant traction, leading to a strategic pivot towards content community platforms [6][7]. - Baidu has been quicker to adapt to the AI landscape, launching its Wenxin model in 2019 and generating significant revenue growth from AI-related services [7][10]. Group 3: AI Competition - Both Baidu and ByteDance are now competing in the AI sector, with Baidu having a more established presence in AI infrastructure and applications [7][8]. - The AI market is characterized by intense competition, particularly in cloud computing, where both companies are vying for market share [8][9]. - As of early 2025, Baidu's revenue reached 32.5 billion yuan, with a 42% year-on-year increase in intelligent cloud revenue, while ByteDance's model, Doubao, has seen a dramatic increase in usage [9][10].

Core Viewpoint - The choice between offers from the electric grid and internet giants depends on individual priorities, specifically whether one values stability or higher income [3][4]. Group 1: Offer Comparisons - The internet giant's offer has a total package of approximately 450,000, with a high work intensity and concerns about organizational changes [5]. - The electric grid offer has a total package of around 180,000, providing job security but potential for overtime and a risk of stagnation [5][6]. Group 2: Personal Experiences - Friends who chose the electric grid enjoy stability and a comfortable lifestyle in smaller cities, while those in internet companies earn significantly more but face job insecurity and high competition [6]. - Concerns about job stability and the "35-year crisis" are common among employees in internet companies, leading to a desire for more secure positions [6][8]. Group 3: Career Insights - The competitive edge typically diminishes around the age of 40, but opportunities still exist for those willing to accept lower salaries [8]. - Networking and relationships often become more important than technical skills as careers progress, emphasizing the value of connections in the industry [8]. Group 4: Job Nature and Expectations - The nature of work in both sectors may not align with personal interests, as jobs often require completing assigned tasks regardless of one's academic background [11]. - The perception that work in the electric grid is less demanding than in internet companies may not hold true, as both sectors can involve repetitive tasks and high pressure [11].

AI化改造无疑是过去三年间互联网世界的一大主题，各大厂商更是见缝插针地为每一款产品都加入AI 功能，如今这股风也刮到了浏览器身上。 继腾讯、阿里之后，360方面近日也宣布旗下全系浏览器产品全面升级为AI浏览器。 01 据悉，360 AI浏览器将围绕搜索、阅读与助手三大核心场景，推出多项原生智能功能，AI搜索则支持语 音、图片，以及自然语言模糊输入，可自动理解用户意图、跨平台检索，并结构化呈现精准答案，AI 阅读功能则可对网页、PDF、视频与音频实现一键总结、要点提炼、逻辑梳理与双语摘要。 除此之外，互联网厂商盯上AI浏览器的另一个原因，则是如今的AI聊天机器人还有很大的局限性。微 软AI业务负责人Mustafa Suleyman曾言之凿凿，对话式人工智能将会是下一代网络浏览器。 除此之外，360 AI浏览器的右上角还新增了常驻智能助手"问问纳米"，用户无需跳转即可实时提问、调 用AI能力处理网页内容。根据360方面的说法，360浏览器产品的升级使得用户在同一窗口即可调用大 模型能力，实现搜索、阅读、写作等一体化操作，浏览器的角色则由"信息入口"转型为"智能助手"。 一个对话框就能解决用户上网冲浪的所有需求虽然 ...