【#京东试点取消外卖骑手超时罚款##京东外卖全国25城落地骑手超时罚款#】10月16日，京东外卖宣 布，已在深圳、南京、哈尔滨、武汉等全国25个城市试点取消骑手订单超时罚款，改为启用"服务分"管 理机制。根据试点规则，骑手若出现配送超时，将不再直接扣除现金，而是依据超时区间扣除相应服务 分，推动管理方式从处罚约束向正向激励转变。除取消超时罚款外，京东表示还将在特殊天气期间为骑 手提供额外跑单补贴，设立包括骑手子女关怀基金、正能量骑手激励、骑手爱心驿站等多项专属关怀计 划，并持续完善保险保障体系。"我们希望通过更人性化的管理方式，让骑手在保障安全的前提下，更 从容地服务用户。"京东外卖相关负责人对新京报贝壳财经记者表示，未来将视试点效果持续迭代，并 在全国范围内推广。 ...

Group 1: Virtual Assets and Stablecoins - The trend of virtual assets is continuously improving due to the enhancement of regulatory frameworks and increased institutional participation, with expectations of liquidity easing [2][18][25] - The global stablecoin market is projected to grow significantly, from approximately $5 billion in 2020 to around $200 billion by the end of 2024, indicating a clear expansion path for trading scenarios [25][26] - Various regions are implementing stablecoin policies, such as the U.S. passing the "Genius Act" and Hong Kong enacting the "Stablecoin Ordinance," which will take effect on August 1, 2025 [25][29] Group 2: Streaming Platforms - Music streaming platforms are identified as high-quality internet assets driven by domestic demand, with continuous scale effects driving profit leverage [2] - The market for music subscriptions is expected to grow, with major players like Spotify and Tencent Music holding significant market shares [33] Group 3: O2O Service Platforms - The trend of strong players becoming stronger is evident, with major platforms like Beike and Tuhu expected to increase market share amid a shrinking real estate and automotive aftermarket demand [2][39] - The used housing transaction volume in key cities showed a month-on-month decline, indicating a buyer's market, which may benefit established platforms [39] Group 4: Coffee, Tea, and E-commerce Delivery Platforms - The online retail sales of physical goods grew by 6.3% year-on-year from January to May 2025, indicating a competitive landscape where marketing expenses are rising [2][56] - The coffee and tea segment is highlighted as a key beneficiary in the delivery battle, with significant growth in order volumes and city coverage [68][75] Group 5: K12 Education and Training - The K12 education sector is experiencing a resurgence in non-subject training demand, with a significant reduction in subject-based training institutions, leading to a scarcity of quality compliant products [2][86] - Major players in the K12 sector, such as New Oriental and TAL Education, are showing strong performance with revenue growth exceeding 20% year-on-year [91]