证券之星消息，1月9日南向资金增持80.06万股阿里巴巴-W（09988.HK）。近5个交易日中，获南向资 金增持的有3天，累计净增持348.95万股。近20个交易日中，获南向资金减持的有10天，累计净减持 1470.66万股。截至目前，南向资金持有阿里巴巴-W（09988.HK）22.11亿股，占公司已发行普通股的 11.56%。 | 交易日 | 持股总数(股) | 持股变动(股) | 变动幅度 | | --- | --- | --- | --- | | 2026-01-09 | 22.11亿 | 80.06万 | 0.04% | | 2026-01-08 | 22.10亿 | 1067.05万 | 0.49% | | 2026-01-07 | 22.00亿 | 174.01万 | 0.08% | | 2026-01-05 | 21.98亿 | -272.20万 | -0.12% | | 2026-01-02 | 22.00亿 | -699.97万 | -0.32% | 阿里巴巴集团控股有限公司提供技术基础设施及营销平台。该公司运营七个业务分部。中国商业分部包 括中国零售商业业务如淘宝、天猫、盒马等以及批发 ...

证券之星消息，1月8日南向资金增持1067.05万股阿里巴巴-W（09988.HK）。近5个交易日中，获南向 资金增持的有3天，累计净增持993.3万股。近20个交易日中，获南向资金减持的有10天，累计净减持 1327.57万股。截至目前，南向资金持有阿里巴巴-W（09988.HK）22.1亿股，占公司已发行普通股的 11.57%。 阿里巴巴集团控股有限公司提供技术基础设施及营销平台。该公司运营七个业务分部。中国商业分部包 括中国零售商业业务如淘宝、天猫、盒马等以及批发业务。国际商业分部包括国际零售及批发商业业 务，如Lazada、速卖通等。本地生活服务分部包括基于位置业务，如饿了么、高德、飞猪等。菜鸟分部 包括国内及国际一站式物流服务及供应链管理解决方案。云业务分部包括向国内外企业提供公有云服务 和混合云服务，如阿里云及钉钉。数字媒体及娱乐分部包括优酷、夸克和阿里影业，以及其他内容和分 销平台以及线上游戏业务。创新业务及其他分部包括达摩院、天猫精灵及其他业务。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Investment Rating - The report recommends investment in Alibaba, Meituan, Pinduoduo, and JD.com, indicating a positive outlook for these companies in the upcoming quarters [3][4]. Core Insights - Online consumption remains stable, with a total retail sales of 45.6 trillion yuan in the first 11 months of 2025, a year-on-year growth of 4.0%. The online retail sales reached 14.5 trillion yuan, growing by 9.1% year-on-year, while the physical goods online retail sales grew by 5.7% to 11.8 trillion yuan [2][14]. - The Double Eleven shopping festival saw an extended promotional period, averaging 3 days longer than previous years, leading to a robust growth in sales across major platforms [2][26]. - The competition in the instant retail sector has peaked, with platforms shifting strategies towards differentiation rather than direct price competition [2][49]. - Cloud business performance has been strong, with significant revenue growth from AI-related products, indicating a shift towards high-quality development driven by ecosystem investments [2][37]. Summary by Sections 1. Online Consumption and Retail Dynamics - Online consumption continues to grow steadily, with a penetration rate increasing to 25.9%. The high base effect from last year's trade-in policy is now impacting growth rates, leading to a slowdown in the growth of express delivery and online retail sales [2][14][19]. - Major platforms are increasing their investment in instant retail, with JD.com experiencing a significant decrease in GMV growth due to the high base effect from last year [19][20]. 2. AI and Product Development - The AI industry is experiencing intensified competition, with major internet companies completing 182 updates or iterations of large models in Q3 2025. This shift is moving from a broad approach to a more focused strategy on optimizing parameters and enhancing user experience [2][37][42]. - Alibaba's cloud business has shown accelerated revenue growth, with AI-related products achieving triple-digit year-on-year growth for nine consecutive quarters [2][37]. 3. Instant Retail and Competitive Landscape - The instant retail sector has seen peak competition, with platforms investing heavily to maintain market share. However, as the sector enters a seasonal downturn, competition is stabilizing, and platforms are focusing on differentiation strategies [2][49]. - Meituan and Taobao's flash sales have stabilized daily order volumes, while JD.com maintains a steady volume in its delivery services [49][51]. 4. Investment Recommendations - The report suggests that while the platforms are entering a high base period, the long-term profit elasticity remains strong, with Alibaba and Meituan expected to see profit recovery in the upcoming quarters [3][4].

新浪科技讯 12月29日午间消息，今日2025天猫发布年度六大消费趋势：专业玩家、穿出人设、长期主 义、情绪氪金、华流当道、一物封神。 今年年度消费关键词："乐意"，现在年轻人的消费观主打一个看心情，他们的消费哲学是这样的："千 金难买我乐意，为我乐意散千金"。 新浪科技讯 12月29日午间消息，今日2025天猫发布年度六大消费趋势：专业玩家、穿出人设、长期主 义、情绪氪金、华流当道、一物封神。 今年年度消费关键词："乐意"，现在年轻人的消费观主打一个看心情，他们的消费哲学是这样的："千 金难买我乐意，为我乐意散千金"。 责任编辑：韦子蓉 责任编辑：韦子蓉 ...

这一年，我们见证了太多 "鸿蒙速度"的奇迹，也看到了太多"在一起"的合力。 前几天，《鸿蒙星光盛典》的播出，让披星戴月、昼夜兼程的鸿蒙合伙人 们走到了全国观众面前，不仅将鸿蒙故事带给亿万国人，也让我们看到了国家视角和时代视角下的中国科技力量。 紧随其后的是，科技媒体 36氪联合后浪发布了《加速进展的鸿蒙6：从尝鲜，到常用｜年轻人App使用白皮书》，进一步将年轻人眼中的应用生态全景展 开。该报告数据显示， 有 38.4%的年轻人"非常愿意"上手体验鸿蒙，还有43.8%的人对鸿蒙表达了期待。 在安卓、 iOS和Windows生态高度成熟的今天，大家可能难免会好奇，为何年轻人依然愿意积极拥抱鸿蒙？这背后，有年轻人和鸿蒙不愿被定义的共鸣， 也有双向奔赴的坚定。 满足用户需求，鸿蒙和伙伴一直在全力以赴 鸿蒙的突围，已经成为中国科技自立自强的标志，也让更多人认识到了掌握操作系统核心技术的重要性。但操作系统系统更是一场生态远征，需要鸿蒙、 伙伴和开发者乃至整个中国科技力量为之不懈奋斗。 远征的第一步，首先就是满足用户的基本需求。 根据后浪的调研，年轻人对 APP的需求高度集中在"社交通讯"、"影音娱乐"和"实用工具"三个类 ...

Core Viewpoint - The article explores the evolving needs of young users regarding mobile applications, emphasizing the importance of app performance, user experience, and the integration of features within the HarmonyOS ecosystem [2][68]. Group 1: Young Users' App Preferences - Young users primarily engage with social communication, audio-visual entertainment, and practical tools, which form the core of their online activities [7]. - The top three app types used by young people are social communication (91.8%), audio-visual entertainment (77.2%), and practical tools (39.3%) [9]. - The key factors influencing app experience for young users include overall fluidity (74.0%), stability (71.2%), and functionality completeness (62.6%) [10][12]. Group 2: HarmonyOS Ecosystem Development - As of December 22, the HarmonyOS ecosystem has over 350,000 applications and services, covering various categories essential for daily use [15]. - Major partnerships with Tencent and Alibaba have led to significant app adaptations, with over 60 Tencent products and all major Alibaba apps striving for 100% compatibility [16]. - By the end of 2025, the adaptation rate of the HarmonyOS ecosystem is expected to exceed 95% [17]. Group 3: User Experience and Feedback - Users express a preference for core functionalities to be well-developed and lightweight, indicating a trend towards minimalism in app design [25][26]. - Over 70% of young users support the idea of apps having integrated features optimized for specific system ecosystems, highlighting a desire for enhanced functionality [29][30]. - Feedback indicates that 57.1% of users feel HarmonyOS applications provide stronger privacy and security, while 50% appreciate better overall fluidity [54][55]. Group 4: Future Expectations and Trends - A significant portion of young users (38.4%) is willing to try the HarmonyOS, with 43.8% expressing interest in observing its development [69][70]. - Users expect more lightweight usage methods and seamless integration of features across applications, reflecting a desire for efficiency and ease of use [72]. - The article concludes that the ongoing evolution of the HarmonyOS ecosystem is driven by user feedback and the need for a more refined app experience, indicating a promising future for the platform [75].

新浪科技讯 12月18日晚间消息，昨日，阿里巴巴打假联盟（AACA）在第8届大会公布了过去一年联盟 的核心工作成果：截至2025年11月底，淘天集团知识产权保护平台总计有超过82万权利人入驻，保护了 全球超过151万项知识产权权利；淘天集团原创保护平台已保护超过9.5亿张图片、超1.8亿条短视频以及 超百万份设计手稿。 目前，已有42个品类超过300个新品牌参与扶优计划，品牌诚信投诉通过率提升到97%，GMV增长达到 15亿元。 扶优同时，联盟持续深化主动防控体系，构建智能化+行业协同的创新范式，通过AI技术的应 用，算法升级以及品牌方的共建，同商品重复侵权率控制在0.175%，平台假货投诉和去年相比同比下 降了58.5%。 据介绍，在执法合作当中，联盟联动了全国30个省份，全国200多个地级市开展执法合作，协作处理 1600余个案件，打击点161个窝点，拘捕相关犯罪嫌疑人1800余人。 叶智飞透露，在深层侵权场景治理的研究方面，淘天正在对近似商标保护机制开展了标准探索和试点合 作。在鼓励创新之外，淘天集团通过运用AI模型精准识别并自动过滤劣质图片，优化用户体验，该技 术在知识产权原创业务上已累计拦截AI劣质 ...

Core Viewpoint - Southbound funds increased their holdings in Alibaba-W (09988.HK) by 2.2273 million shares on December 12, indicating a positive sentiment towards the stock despite recent fluctuations in trading volume [1] Group 1: Southbound Fund Activity - Over the past five trading days, southbound funds have reduced their holdings on three occasions, resulting in a total net reduction of 7.2079 million shares [1] - In the last twenty trading days, there have been 17 days of net increases in southbound fund holdings, totaling an increase of 176 million shares [1] - Currently, southbound funds hold 2.2221 billion shares of Alibaba-W, which represents 11.62% of the company's total issued ordinary shares [1] Group 2: Company Overview - Alibaba Group Holding Limited provides technological infrastructure and marketing platforms, operating through seven business segments [1] - The China Commerce segment includes retail businesses such as Taobao, Tmall, and Hema, as well as wholesale operations [1] - The International Commerce segment encompasses international retail and wholesale businesses, including Lazada and AliExpress [1] - The Local Consumer Services segment covers location-based services like Ele.me, Amap, and Fliggy [1] - The Cainiao segment offers domestic and international logistics services and supply chain management solutions [1] - The Cloud segment provides public and hybrid cloud services to domestic and international enterprises, including Alibaba Cloud and DingTalk [1] - The Digital Media and Entertainment segment includes Youku, Quark, Alibaba Pictures, and other content and distribution platforms, as well as online gaming [1] - The Innovation Initiatives and Others segment consists of DAMO Academy, Tmall Genie, and other businesses [1]

Core Insights - The report by QuestMobile indicates that by October 2025, the monthly active user base of post-00s on Taobao is expected to reach 155 million, reflecting a year-on-year growth of 11.6%, significantly outpacing other e-commerce apps [1] - The overall monthly active user count for post-00s across the mobile internet is projected to hit 179 million, with a year-on-year increase of 10.1%, representing 14% of all internet users [3] User Engagement and Consumption Trends - Post-00s exhibit a high level of internet engagement, with an average monthly usage time of 217.6 hours and 3,296.7 sessions, both showing increases of 3.7% and 4% respectively compared to the previous year [3] - The willingness to consume among post-00s remains stable, with nearly 95% falling into the high willingness and capability categories, primarily spending between 1,000 to 2,999 yuan, indicating strong consumption potential and a mature consumption structure [3] Interest and Consumption Characteristics - Post-00s show significant interest in sharing, food, and anime/culture, with their e-commerce consumption extending beyond mere shopping to include cyclical and emotional spending [5] - The demand for IP-linked products in the gold jewelry sector has surged, with numerous brands launching thousands of new IP collaboration products on Tmall, driven by the purchasing power of the post-95 and post-00 demographics [5] - The "Guzi economy" is identified as a key driver for post-00s, particularly in the areas of trendy toys and IP culture, with substantial growth in sales during events like Double 11, where over 300,000 new toy products were released [5] Platform-Specific Insights - On the Xianyu platform, there has been explosive growth in both the Guzi and trendy toy markets, with the trading volume for Guzi reaching a historical high and a 167% increase in sales for national style Guzi [5] - The second quarter saw a more than 300% increase in trendy toy trading volume, with a 43.4% year-on-year growth in the number of monthly consumers, and an average spending of 218 yuan per transaction [5]

Group 1 - The core viewpoint of the article highlights that the Doubao mobile assistant has faced restrictions from several major applications, but Alibaba's apps, including Taobao, Tmall, Damai, and Xianyu, are gradually lifting login restrictions for Doubao users [1] - The product manager of Doubao announced that while some Alibaba applications are allowing login, the ability for Doubao to operate these apps has been removed [1] - As of December 10, the Doubao mobile assistant can still utilize AI capabilities to interact with the JD app, including price comparison and authorization for purchases [1]