Core Viewpoint - The U.S. stock market experienced gains driven primarily by a rebound in technology stocks, overshadowing significant declines in consumer stocks like Nike, amidst increased volatility due to the expiration of stock options and futures on "triple witching day" [3][4]. Market Overview - The S&P 500 index rose by 0.11% for the week, while the Nasdaq increased by 0.48%. The Dow Jones fell by 0.67% [4]. - Major technology stocks showed mixed performance, with Micron Technology surging 7% after a strong earnings forecast, reaching a record closing high [6]. - Nvidia rose by 3.93%, Alphabet A shares increased by 1.55%, Apple by 0.54%, Microsoft by 0.40%, and Amazon by 0.26%. In contrast, Tesla and Meta saw declines of 0.45% and 0.85%, respectively [6]. - Oracle's stock rose by 6.63% following news of TikTok's CEO announcing a partnership with Oracle and other investors to form a new U.S. joint venture [7]. - Broadcom increased by 3.18%, AMD surged by 6.15%, and TSMC rose by 1.50% [8]. - The utilities and consumer staples sectors in the S&P 500 fell by 1.34% and 0.49%, respectively, with Nike's stock plummeting by 10.5% due to sales issues in China and declining gross margins for the second consecutive quarter [8]. Inflation and Economic Outlook - Market sentiment regarding inflation remains optimistic, with November consumer price growth in the U.S. coming in below expectations, alleviating some investor concerns about rising inflation [10]. - Analysts caution that the current inflation readings may be noisy due to missing October data from a government shutdown [10]. - Traders are betting on at least two rate cuts by the Federal Reserve next year, each by 25 basis points, with a 20% probability of a cut as early as January [10]. - Brent Kocuba, founder of SpotGamma, noted that oversold rebounds combined with options expirations could lead to increased market volatility post-Christmas [10]. Bond Market - U.S. Treasury yields rose on Friday, with the two-year yield increasing by 2.6 basis points to 3.486% and the ten-year yield rising by 3.5 basis points to 4.151% [10][11]. Commodity Performance - International oil prices saw a slight increase, with New York crude futures closing at $56.66 per barrel, up 0.91% [13]. - Gold prices also rose modestly, with New York spot gold increasing by 0.13% to $4,338.32 per ounce, marking a weekly gain of 0.91% [14].

Core Insights - The "2025 New Consumption Conference" held on December 17, organized by 21st Century Business Herald, gathered over a hundred guests from various sectors including consumer brands, investment institutions, and brokers to discuss rapid growth, innovation, and strategies in the consumer industry [1] Group 1: Industry Trends - The conference theme was "Cross-Border Growth and Integrated Innovation," focusing on industry trends, business models, products and services, and growth logic [1] - The consumer industry is undergoing profound changes, with new forces emerging for growth, driven by factors such as the IP economy and the rise of the Z generation's purchasing power [1] - AI is beginning to permeate the fabric of consumption and e-commerce, indicating a technological shift in the industry [1] - The competition among major platforms in the takeaway market is creating a resonance between online and offline channels [1] - Chinese consumer brands are increasingly entering global markets, while niche sectors like pet and technology consumption are experiencing robust growth [1] Group 2: Awarded Excellent Cases - Categories for awarded excellent cases include Annual Brand Case, Industry Innovation Case, Growth Enterprise Case, Consumption Technology Case, Value Investment Institution Case, and Outstanding Service Enterprise Case [1] - Notable awarded companies in the Consumption Technology category include Honor with its Magic8 series, Kuaishou Technology with its e-commerce initiatives, and MOVA with its V60 MOBIUS robot vacuum [4] - Growth Enterprise cases feature companies like Tasting, Yuanji Yunjiao, and Fengji Food Group, showcasing innovative strategies and market leadership [5] - Outstanding Service Enterprise cases include companies like Lingzhu and Jitu Express, highlighting advancements in service delivery [6] - Value Investment Institutions recognized include Sequoia China, Bailian Zhigao, and others, reflecting strong investment interest in the consumer sector [8]

（原标题：滴滴商城在哥伦比亚加速扩张） 据哥伦比亚Valora Analitik网站12月18日报道，滴滴旗下电商业务滴滴商 城（DiDi Shop）进入哥市场一年多来增长迅速。该业务拉美商业负责人表 示，自2024年9月启动以来，滴滴商城在哥订单量已增长超过300%，门店数量 已逾2000家。目前订单主要集中在超市、便利店和药房，占比超过85%。展望 2026年，公司预计在交易规模、商户和用户数上实现大幅增长，并将为世界杯 等高峰需求场景提前布局。 ...

截至北京时间23:00，道琼斯指数涨近0.6%，纳斯达克指数涨近1.2%，标普500指数涨近1%。 科技七巨头多数上涨，英伟达涨近3%，微软、谷歌、特斯拉、亚马逊小幅上涨。 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | | 英伟达(NVIDIA) | 178.915 | 2.74% | | 谷歌(ALPHABET)-C | 307.310 | 1.17% | | 微软(MICROSOFT) | 486.280 | 0.48% | | 亚马逊(AMAZON) | 226.830 | 0.03% | | 特斯拉(TESLA) | 482.261 | -0.23% | | 苹果(APPLE) | 271.410 | -0.29% | | 脸书(META PLATFORMS) | 661.640 | -0.42% | 存储概念股延续昨日强劲涨势，美光科技股价一度触及历史新高268.38美元，截至发稿涨幅回落至6.4%，闪迪大涨近10%，甲骨文涨近6%。 热门中概股普涨，纳斯达克中国金龙指数涨超1%，中金科工业大涨超17%，小马智行涨近8%，小鹏汽车、禾赛科技、拼多多涨超6%。 消息面上， ...

| < ロ NKE.N | 耐克(NIKE) | | --- | --- | | 59.250 量1572万 股本14.78亿 市盈™34.70 | 万得 | | -6.380 -9.72% 换 1.32% 市值 876亿 市净" 6.22 | 营口 | | 分时 五日 日K 周K 月K 更多 ◎ | | | 音加 | 均价: 59.023 卖1 59.260 181 | | 72.540 | 10.53% 买1 59.230 125 | | | 09:42 59.255 951 | | 65.630 | 09:42 59.255 9544 | | | 0.000 09:42 59.254 1001 | | | 09:42 59.200 17204 | | | 09:42 59.210 1102 | | | 09:42 59.210 3179 | | 458.720- | -- 10 53%-09:42 59.190 2662 | | 09:30 | 16:00 | 12月19日，美股三大指数开盘集体上涨，道指涨0.21%，标普500指数涨0.32%，纳指涨0.50%。 中概股普涨，纳斯达克中国金龙指数涨0. ...

12月19日，美股三大指数开盘集体上涨，道指涨0.21%，标普500指数涨0.32%，纳指涨0.50%。 中概股普涨，纳斯达克中国金龙指数涨0.45%，小鹏汽车涨超5%，理想汽车涨逾3%；拼多多涨超5%，公司宣布实行联席董事长制度。 耐克开盘跌超10%，现跌逾9%。 最新披露的财报显示，2026财年第二季度（截至11月30日），耐克的净利润同比大降32%。同时，该公司预计第 三季度的营收将出现下滑。 | 编辑丨瑜见 | | --- | | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | | 道琼斯工业平均 | 48053.81 | 101.96 | 0.21% | | 纳斯达克指数 | 23121.90c | 115.54 | 0.50% | | 标普500 | 6796.55 | 21.79 | 0.32% | 科技股多数上涨，甲骨文涨超4%，英伟达、美光科技涨逾1%。 ...

赵佳臻表示，过去几年，Temu以让我们自己也惊讶的速度达到了相当的规模，这是中国供应链产业红 利带来的关键一跃，也为国内供应链的发展，为拼多多和Temu下阶段的再造带来了新的契机。公司将 紧抓高质量发展这个关键，接下来三年重投中国供应链，全力推动供应链高质量发展和品牌化，争取再 一次跨越，再造一个拼多多。 周五，拼多多(PDD.US)盘前涨逾6%，截至发稿，报112.35美元。消息面上，12月19日，拼多多年度股 东大会宣布升级治理架构，实行联席董事长制度。经董事会批准，赵佳臻获任联席董事长，与陈磊共同 担任联席董事长兼联席CEO。 ...

从当前分工看，两人各守一域、互不干涉： 拼多多刚刚披露了股东大会关键信息：赵佳臻升任联席董事长兼联席CEO，并明确提出Temu未来三年的目标：再造一个拼多多。 这个目标，既是Temu战略地位的确认，更是赵佳臻话语权的制度性加码。但当赵与陈磊被正式置于同一权力层级，问题也随之浮现：在黄峥之外，谁说 了算？ 过去一年，拼多多面对外卖大战、AI竞赛始终选择按兵不动。如今升半级的赵佳臻，会不会带着Temu体系的"进攻性基因"，重塑拼多多的对外姿态？ 文武双全是一种理想，但当"文"与"武"分属两人，局势就变成了文武争宠了。 在中国互联网大厂历史上，联席CEO制度往往并不是常态，而是一种过渡性的安排：或是早期为平衡团队派系，或是并购后出于磨合需求。它更像是权力 整合前的缓冲带，而非长效机制。 一旦业务架构清晰、资源归位，联席制往往会自动失效，回归一锤定音的单轴决策。 陈磊是守江山的人，掌舵的是已高度成熟的主站业务。他的任务是"守"，是将低价、补贴、供给侧改造、履约效率等变量压榨到极致。过去几年，拼多多 国内电商的基本盘，靠的是这套极致效率系统兜底。 赵佳臻是打江山的人，从多多买菜到Temu，几乎是一次次从零开始的再创业。 ...

⑨ 【2027年前苹果折叠屏iPhone或面临缺货困境】天风证券分析师郭明錤透露，用户大概率要等到2027年才能顺利买到。其表示该产品开发进度滞后， 虽预计2026年下半年发布，但2026年底前或面临缺货困境。 每经记者｜宋欣悦 每经编辑｜段炼 高涵 ① 【三大期指涨跌不一】截至发稿，道指期货跌0.08%、标普500指数期货涨0.19%、纳指期货涨0.40%。 ② 【中概股盘前普涨】中概股盘前普涨。截至发稿，阿里巴巴涨1.53%，拼多多涨3.77%，网易涨1.60%，百度涨1.60%。 ③ 【智能驾驶概念股盘前集体走强】智能驾驶概念股盘前集体走强。截至发稿，小鹏汽车涨5.53%，近日有消息称小鹏汽车已在广州市获得L3级自动驾驶 道路测试牌照，并启动常态化的L3道路测试。 ④ 【甲骨文涨超5%】截至发稿，甲骨文盘前涨超5%。消息面上，甲骨文与OpenAI在密歇根州数据中心电力供应获批；此外，有消息称TikTok母公司字 节跳动与包括甲骨文在内的三家投资者签订协议，成立一间美国合资公司。 ⑤ 【耐克跌超10%，Q2净利润跌超三成】截至发稿，耐克盘前跌超10%，报59美元。消息面上，耐克公布2026财年第二季度业绩 ...

12月19日，拼多多集团在年度股东大会上宣布升级公司治理架构，实行联席董事长制度。 经董事会批准，赵佳臻获任联席董事长，与陈磊共同担任集团联席董事长兼联席CEO。此外，拼多多还任命王密出任集团工程高级副总裁，李炯出任集团财 务总监。 值得注意的是，在股东大会上，拼多多联席董事长陈磊回应称，Temu业务快速发展，已经在全世界大部分国家具有了不错的市场规模，3年走完了拼多多国 内电商10年的路。而赵佳臻也指出："过去几年，Temu以让我们自己也惊讶的速度达到了相当的规模，这是中国供应链产业红利带来的关键一跃。" 拼多多美股盘前涨幅扩大至6%，现报112美元。 此次赵佳臻出任联席董事长有利于拼多多集团步入下一个阶段的升级再造，有利于落地集团"聚焦、重投供应链升级，高质量发展"的整体战略，也体现了集 团战略的重心。赵佳臻表示，下一个阶段，公司战略更加聚焦，经过反复讨论，已锚定中国供应链作为接下来业务发展的核心。公司将继续践行高质量发 展，All in中国供应链的高质量、品牌化，实现平台的再造，带动生态体系价值跃迁。 自赵佳臻担任联席CEO以来，拼多多全面转向平台及生态高质量发展的新阶段。去年以来，拼多多先后推出"百亿 ...