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输入昵称中

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输入昵称中

2025-02-20

$美团-W(03690)$ 拿什么all in ai？有领军技术人物吗？

输入昵称中

05-28

$美团-W(03690)$ 垃圾美团，滚出恒生科技指数，还有脸在股市呆着，**

输入昵称中

05-14

$美团-W(03690)$ 这是多么不受人待见？这种情况下都能跌？真是垃圾中的战斗机

输入昵称中

04-01

$美团-W(03690)$ 70以下

输入昵称中

03-24

$美团-W(03690)$ 烂泥扶不上墙，看看滴滴的财报，出行、外卖、国际化、Robotaxi扎扎实实，脸不红吗

输入昵称中

03-23

$美团-W(03690)$ 一周内70以下见[爱你] [爱你] [爱你] [爱你] 太棒了

输入昵称中

03-10

$美团-W(03690)$ 垃圾，要技术没技术，要业务没业务，还一直看不起阿里，那你有比阿里坤牛皮的ai大模型也行啊

输入昵称中

2023-03-28

$美团-W(03690)$ 70以下

输入昵称中

03-17

垃圾报告，说数字不说指标口径定义，最**的分析公司

易观报告：2025年四季度淘宝闪购成交份额与美团基本持平

输入昵称中

03-17

吹牛皮，实在好用的还是kimi

阿里新增“Token事业群”，千问重估的时刻来了？

去老虎APP查看更多动态

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[爱你]&nbsp; [爱你]&nbsp; 太棒了","text":"$美团-W(03690)$ 一周内70以下见[爱你] [爱你] [爱你] [爱你] 太棒了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/545755459209136","isVote":1,"tweetType":1,"viewCount":1420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":543588499977120,"gmtCreate":1773737637518,"gmtModify":1773737670711,"author":{"id":"3516318902917575","authorId":"3516318902917575","name":"输入昵称中","avatar":"https://static.tigerbbs.com/f0546835c477c3fd06dce0a06b771d0f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3516318902917575","authorIdStr":"3516318902917575"},"themes":[],"title":"","htmlText":"垃圾报告，说数字不说指标口径定义，最**的分析公司","listText":"垃圾报告，说数字不说指标口径定义，最**的分析公司","text":"垃圾报告，说数字不说指标口径定义，最**的分析公司","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/543588499977120","repostId":"2619743591","repostType":2,"repost":{"id":"2619743591","kind":"news","pubTimestamp":1773633602,"share":"https://www.laohu8.com/m/news/2619743591?lang=zh_CN&edition=full","pubTime":"2026-03-16 12:00","market":"us","language":"zh","title":"易观报告：2025年四季度淘宝闪购成交份额与美团基本持平","url":"https://stock-news.laohu8.com/highlight/detail?id=2619743591","media":"人民财讯","summary":"人民财讯3月16日电，近日，第三方研究机构易观分析发布即时零售市场报告显示，2025年第四季度淘宝闪购即时交易市场份额为45.2%，美团为45.0%，两者份额差距仅0.2个百分点，即时零售市场呈现多平台竞争态势；京东即时交易市场份额为8.4%，位列第三。","content":"<html><body><div>\n<p>　　人民财讯3月16日电，近日，第三方研究机构易观分析发布即时零售市场报告显示，2025年第四季度淘宝闪购即时交易市场份额为45.2%，<a href=\"https://laohu8.com/S/MPNGY\">美团</a>为45.0%，两者份额差距仅 0.2个百分点，即时零售市场呈现多平台竞争态势；<span><a href=\"https://laohu8.com/S/JD\">京东</a></span><span></span>即时交易市场份额为8.4%，位列第三。 </p><p>（文章来源：人民财讯）</p> </div></body></html>","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>易观报告：2025年四季度淘宝闪购成交份额与美团基本持平</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ 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#eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n易观报告：2025年四季度淘宝闪购成交份额与美团基本持平\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-16 12:00 北京时间&nbsp;&nbsp;&nbsp;<a href=http://finance.eastmoney.com/a/202603163672910362.html><strong>人民财讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>人民财讯3月16日电，近日，第三方研究机构易观分析发布即时零售市场报告显示，2025年第四季度淘宝闪购即时交易市场份额为45.2%，美团为45.0%，两者份额差距仅 0.2个百分点，即时零售市场呈现多平台竞争态势；京东即时交易市场份额为8.4%，位列第三。 （文章来源：人民财讯）</p>\n\n<a href=\"http://finance.eastmoney.com/a/202603163672910362.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","BABU":"Direxion Daily BABA Bull 2X ETF","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC","BK4614":"Manus概念股","BK4579":"人工智能","BABW":"Roundhill BABA WeeklyPay ETF","BABX":"2倍做多BABA ETF-GraniteShares","BK1142":"互联网与直销零售","BK1618":"Manus概念股","LU0326948709.USD":"SCHRODER ISF ASIAN TOTAL RETURN \"A\" (USD) ACC","LU0823426308.USD":"法巴中国股票基金","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU0828237510.HKD":"SCHRODER ISF BIC (BRAZ IN CH)\"A\" (HKD) ACC","LU0228659784.USD":"施罗德金砖四国基金","LU0328353924.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERGING MARKETS OPPORTUNITY (USD) \"P\" (USD) ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) 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（文章来源：人民财讯）","news_type":1,"symbols_score_info":{"89988":0.6,"BABX":0.6,"BBYY":0.6,"BABU":0.6,"METmain":0.6,"BABA":1.91,"03690":1.92,"HBBD.SI":0.6,"BABW":0.6,"HMTD.SI":0.6,"KBAB":0.6,"09988":1.91,"BABO":0.6,"MPNGY":1.92,"ALBmain":0.6}},"isVote":1,"tweetType":1,"viewCount":838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":543767986279272,"gmtCreate":1773731264153,"gmtModify":1773731266754,"author":{"id":"3516318902917575","authorId":"3516318902917575","name":"输入昵称中","avatar":"https://static.tigerbbs.com/f0546835c477c3fd06dce0a06b771d0f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3516318902917575","authorIdStr":"3516318902917575"},"themes":[],"title":"","htmlText":"吹牛皮，实在好用的还是kimi","listText":"吹牛皮，实在好用的还是kimi","text":"吹牛皮，实在好用的还是kimi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/543767986279272","repostId":"2620482554","repostType":2,"repost":{"id":"2620482554","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1773726449,"share":"https://www.laohu8.com/m/news/2620482554?lang=zh_CN&edition=full","pubTime":"2026-03-17 13:47","market":"nz","language":"zh","title":"阿里新增“Token事业群”，千问重估的时刻来了？","url":"https://stock-news.laohu8.com/highlight/detail?id=2620482554","media":"华尔街见闻","summary":"阿里重磅宣布成立“Token事业群”，“悟空事业部”首次亮相。大摩认为，该事业群的成立意味着阿里未来存在进一步上调估值的空间，并将公司视为“中国AI赢家”首选。目前对阿里的高端SOTP估值为每股345美元，其中已为千问事业部单独分配了每股19美元的估值。","content":"<html><head></head><body><blockquote><p>阿里重磅宣布成立“Token事业群”，“悟空事业部”首次亮相。大摩认为，该事业群的成立意味着阿里未来存在进一步上调估值的空间，并将公司视为“中国AI赢家”首选。目前对阿里的高端SOTP估值为每股345美元，其中已为千问事业部单独分配了每股19美元的估值。</p></blockquote><p style=\"text-align: left;\">阿里巴巴正以一次重大组织重构，向外界宣告其全面押注AI Agent时代的决心。</p><p style=\"text-align: left;\">据华尔街见闻文章，3月16日，阿里正式宣布成立<strong>Alibaba Token Hub（ATH）事业群</strong>，由CEO吴泳铭亲自挂帅，目标是建立一个以&#34;创造Token、输送Token、应用Token&#34;为核心的统一调度中心。与此同时，一个此前从未出现在公众视野的新部门——<strong>悟空事业部</strong>——首次浮出水面，剑指B端AI原生工作平台市场。</p><p style=\"text-align: left;\">3月17日，据追风交易台消息，摩根士丹利第一时间发布快评，明确指出ATH事业群的财务驱动逻辑与<strong>Minimax、智谱等纯模型公司</strong>高度相似，<strong>有望在现有分类加总估值（SOTP）框架之外，成为一个独立的估值构成部分</strong>。叠加即将到来的3Q26财报季，阿里AI商业化的成色将迎来市场的集中检验。</p><h2 id=\"id_4265089627\" style=\"text-align: left;\">押注AGI爆发前夜：ATH事业群与“悟空”浮出水面</h2><p style=\"text-align: left;\">面对即将到来的AGI爆发前夜，阿里正迅速调整其阵型。</p><p style=\"text-align: left;\">3月16日，阿里巴巴正式宣布成立Alibaba Token Hub（ATH）事业群，由集团CEO吴泳铭直接领导。该组织的核心目标非常明确：创造Token、输送Token、应用Token。</p><p style=\"text-align: left;\">吴泳铭在内部信中指出，未来大量的数字化工作将由数以百亿计的AI Agent来支撑，而Token正是驱动这些Agent运转的基本燃料和人类与数字世界交互的主要载体。</p><p style=\"text-align: left;\">在此次架构调整中，ATH整合了五条核心业务线，覆盖了从底层到应用的全链条：</p><blockquote><ul style=\"\"><li><p style=\"text-align: left;\"><strong>通义实验室：</strong>负责多模态基础模型研发。</p></li><li><p style=\"text-align: left;\"><strong>MaaS业务线：</strong>构建开放的模型服务平台。</p></li><li><p style=\"text-align: left;\"><strong>千问事业部：</strong>专注C端个人AI助手。</p></li><li><p style=\"text-align: left;\"><strong>AI创新事业部：</strong>探索新模式、新市场及新AI应用（如OpenClaw）。</p></li><li><p style=\"text-align: left;\"><strong>悟空事业部：</strong>首次浮出水面，定位为“B端AI原生工作平台”，致力于将模型能力深度融入企业工作流。</p></li></ul></blockquote><p style=\"text-align: left;\">为了在AI Agent市场抢占先机并补齐B端短板，阿里最快于本周推出由钉钉团队开发的全新企业级AI Agent应用。该产品不仅能自动操作电脑、浏览器及云服务器，还专门针对企业数据安全进行了功能强化，未来计划整合淘宝、支付宝、阿里云等B端商业服务形成闭环。</p><h2 id=\"id_1288832965\" style=\"text-align: left;\">摩根士丹利：ATH或开启独立估值空间，对标Minimax与智谱</h2><p style=\"text-align: left;\">摩根士丹利在最新发布的快评中，对ATH事业群的成立给予积极评价，并提出了一个至关重要的估值逻辑：</p><blockquote><p style=\"text-align: left;\">&#34;我们认为这一独立事业群很可能拥有基于Token的收入与成本结构，其财务驱动因素与Minimax、智谱等纯模型公司高度相似。这有可能转化为SOTP估值中的一个额外构成部分。&#34;</p></blockquote><p style=\"text-align: left;\">具体而言，摩根士丹利目前对阿里的<strong>高端SOTP估值为每股345美元</strong>，其中已为千问事业部单独分配了<strong>每股19美元</strong>的估值；但在<strong>中间值SOTP估值240美元</strong>中，千问的独立估值尚未被纳入。</p><p style=\"text-align: left;\">该行指出，ATH事业群的成立，意味着未来存在进一步上调估值的空间——前提是其Token化商业模式能够得到市场验证。</p><p style=\"text-align: left;\">摩根士丹利维持对阿里的<strong>增持（Overweight）评级</strong>，目标价<strong>180美元</strong>，并将阿里列为<strong>首选股（Top Pick）</strong>，视其为&#34;拥有顶级完整AI技术栈的中国AI赢家&#34;。</p><p style=\"text-align: left;\">摩根士丹利还明确将即将公布的<strong>3Q26季度财报</strong>视为股价催化剂，重点关注阿里云收入增长的潜在上行空间。此次组织变阵所能兑现的商业成效，将成为评估阿里AI战略可信度的重要参照。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>阿里新增“Token事业群”，千问重估的时刻来了？</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n阿里新增“Token事业群”，千问重估的时刻来了？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-03-17 13:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>阿里重磅宣布成立“Token事业群”，“悟空事业部”首次亮相。大摩认为，该事业群的成立意味着阿里未来存在进一步上调估值的空间，并将公司视为“中国AI赢家”首选。目前对阿里的高端SOTP估值为每股345美元，其中已为千问事业部单独分配了每股19美元的估值。</p></blockquote><p style=\"text-align: left;\">阿里巴巴正以一次重大组织重构，向外界宣告其全面押注AI Agent时代的决心。</p><p style=\"text-align: left;\">据华尔街见闻文章，3月16日，阿里正式宣布成立<strong>Alibaba Token Hub（ATH）事业群</strong>，由CEO吴泳铭亲自挂帅，目标是建立一个以&#34;创造Token、输送Token、应用Token&#34;为核心的统一调度中心。与此同时，一个此前从未出现在公众视野的新部门——<strong>悟空事业部</strong>——首次浮出水面，剑指B端AI原生工作平台市场。</p><p style=\"text-align: left;\">3月17日，据追风交易台消息，摩根士丹利第一时间发布快评，明确指出ATH事业群的财务驱动逻辑与<strong>Minimax、智谱等纯模型公司</strong>高度相似，<strong>有望在现有分类加总估值（SOTP）框架之外，成为一个独立的估值构成部分</strong>。叠加即将到来的3Q26财报季，阿里AI商业化的成色将迎来市场的集中检验。</p><h2 id=\"id_4265089627\" style=\"text-align: left;\">押注AGI爆发前夜：ATH事业群与“悟空”浮出水面</h2><p style=\"text-align: left;\">面对即将到来的AGI爆发前夜，阿里正迅速调整其阵型。</p><p style=\"text-align: left;\">3月16日，阿里巴巴正式宣布成立Alibaba Token Hub（ATH）事业群，由集团CEO吴泳铭直接领导。该组织的核心目标非常明确：创造Token、输送Token、应用Token。</p><p style=\"text-align: left;\">吴泳铭在内部信中指出，未来大量的数字化工作将由数以百亿计的AI Agent来支撑，而Token正是驱动这些Agent运转的基本燃料和人类与数字世界交互的主要载体。</p><p style=\"text-align: left;\">在此次架构调整中，ATH整合了五条核心业务线，覆盖了从底层到应用的全链条：</p><blockquote><ul style=\"\"><li><p style=\"text-align: left;\"><strong>通义实验室：</strong>负责多模态基础模型研发。</p></li><li><p style=\"text-align: left;\"><strong>MaaS业务线：</strong>构建开放的模型服务平台。</p></li><li><p style=\"text-align: left;\"><strong>千问事业部：</strong>专注C端个人AI助手。</p></li><li><p style=\"text-align: left;\"><strong>AI创新事业部：</strong>探索新模式、新市场及新AI应用（如OpenClaw）。</p></li><li><p style=\"text-align: left;\"><strong>悟空事业部：</strong>首次浮出水面，定位为“B端AI原生工作平台”，致力于将模型能力深度融入企业工作流。</p></li></ul></blockquote><p style=\"text-align: left;\">为了在AI Agent市场抢占先机并补齐B端短板，阿里最快于本周推出由钉钉团队开发的全新企业级AI Agent应用。该产品不仅能自动操作电脑、浏览器及云服务器，还专门针对企业数据安全进行了功能强化，未来计划整合淘宝、支付宝、阿里云等B端商业服务形成闭环。</p><h2 id=\"id_1288832965\" style=\"text-align: left;\">摩根士丹利：ATH或开启独立估值空间，对标Minimax与智谱</h2><p style=\"text-align: left;\">摩根士丹利在最新发布的快评中，对ATH事业群的成立给予积极评价，并提出了一个至关重要的估值逻辑：</p><blockquote><p style=\"text-align: left;\">&#34;我们认为这一独立事业群很可能拥有基于Token的收入与成本结构，其财务驱动因素与Minimax、智谱等纯模型公司高度相似。这有可能转化为SOTP估值中的一个额外构成部分。&#34;</p></blockquote><p style=\"text-align: left;\">具体而言，摩根士丹利目前对阿里的<strong>高端SOTP估值为每股345美元</strong>，其中已为千问事业部单独分配了<strong>每股19美元</strong>的估值；但在<strong>中间值SOTP估值240美元</strong>中，千问的独立估值尚未被纳入。</p><p style=\"text-align: left;\">该行指出，ATH事业群的成立，意味着未来存在进一步上调估值的空间——前提是其Token化商业模式能够得到市场验证。</p><p style=\"text-align: left;\">摩根士丹利维持对阿里的<strong>增持（Overweight）评级</strong>，目标价<strong>180美元</strong>，并将阿里列为<strong>首选股（Top Pick）</strong>，视其为&#34;拥有顶级完整AI技术栈的中国AI赢家&#34;。</p><p style=\"text-align: left;\">摩根士丹利还明确将即将公布的<strong>3Q26季度财报</strong>视为股价催化剂，重点关注阿里云收入增长的潜在上行空间。此次组织变阵所能兑现的商业成效，将成为评估阿里AI战略可信度的重要参照。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/05ddeb1f7be03fe06014ae549a8abe22","relate_stocks":{"LU0918141705.HKD":"ALLIANZ 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Hub（ATH）事业群，由CEO吴泳铭亲自挂帅，目标是建立一个以\"创造Token、输送Token、应用Token\"为核心的统一调度中心。与此同时，一个此前从未出现在公众视野的新部门——悟空事业部——首次浮出水面，剑指B端AI原生工作平台市场。3月17日，据追风交易台消息，摩根士丹利第一时间发布快评，明确指出ATH事业群的财务驱动逻辑与Minimax、智谱等纯模型公司高度相似，有望在现有分类加总估值（SOTP）框架之外，成为一个独立的估值构成部分。叠加即将到来的3Q26财报季，阿里AI商业化的成色将迎来市场的集中检验。押注AGI爆发前夜：ATH事业群与“悟空”浮出水面面对即将到来的AGI爆发前夜，阿里正迅速调整其阵型。3月16日，阿里巴巴正式宣布成立Alibaba Token Hub（ATH）事业群，由集团CEO吴泳铭直接领导。该组织的核心目标非常明确：创造Token、输送Token、应用Token。吴泳铭在内部信中指出，未来大量的数字化工作将由数以百亿计的AI Agent来支撑，而Token正是驱动这些Agent运转的基本燃料和人类与数字世界交互的主要载体。在此次架构调整中，ATH整合了五条核心业务线，覆盖了从底层到应用的全链条：通义实验室：负责多模态基础模型研发。MaaS业务线：构建开放的模型服务平台。千问事业部：专注C端个人AI助手。AI创新事业部：探索新模式、新市场及新AI应用（如OpenClaw）。悟空事业部：首次浮出水面，定位为“B端AI原生工作平台”，致力于将模型能力深度融入企业工作流。为了在AI Agent市场抢占先机并补齐B端短板，阿里最快于本周推出由钉钉团队开发的全新企业级AI Agent应用。该产品不仅能自动操作电脑、浏览器及云服务器，还专门针对企业数据安全进行了功能强化，未来计划整合淘宝、支付宝、阿里云等B端商业服务形成闭环。摩根士丹利：ATH或开启独立估值空间，对标Minimax与智谱摩根士丹利在最新发布的快评中，对ATH事业群的成立给予积极评价，并提出了一个至关重要的估值逻辑：\"我们认为这一独立事业群很可能拥有基于Token的收入与成本结构，其财务驱动因素与Minimax、智谱等纯模型公司高度相似。这有可能转化为SOTP估值中的一个额外构成部分。\"具体而言，摩根士丹利目前对阿里的高端SOTP估值为每股345美元，其中已为千问事业部单独分配了每股19美元的估值；但在中间值SOTP估值240美元中，千问的独立估值尚未被纳入。该行指出，ATH事业群的成立，意味着未来存在进一步上调估值的空间——前提是其Token化商业模式能够得到市场验证。摩根士丹利维持对阿里的增持（Overweight）评级，目标价180美元，并将阿里列为首选股（Top Pick），视其为\"拥有顶级完整AI技术栈的中国AI赢家\"。摩根士丹利还明确将即将公布的3Q26季度财报视为股价催化剂，重点关注阿里云收入增长的潜在上行空间。此次组织变阵所能兑现的商业成效，将成为评估阿里AI战略可信度的重要参照。","news_type":1,"symbols_score_info":{"BABO":0.6,"BABW":0.6,"KBAB":0.6,"BABA":1.96,"BABX":0.6,"BBYY":0.6,"09988":1.96,"BABU":0.6}},"isVote":1,"tweetType":1,"viewCount":1073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":541126989484496,"gmtCreate":1773136575978,"gmtModify":1773136915821,"author":{"id":"3516318902917575","authorId":"3516318902917575","name":"输入昵称中","avatar":"https://static.tigerbbs.com/f0546835c477c3fd06dce0a06b771d0f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3516318902917575","authorIdStr":"3516318902917575"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/03690\">$美团-W(03690)$&nbsp;</a><v-v data-views=\"0\"></v-v> 垃圾，要技术没技术，要业务没业务，还一直看不起阿里，那你有比阿里坤牛皮的ai大模型也行啊","listText":"<a href=\"https://laohu8.com/S/03690\">$美团-W(03690)$&nbsp;</a><v-v data-views=\"0\"></v-v> 垃圾，要技术没技术，要业务没业务，还一直看不起阿里，那你有比阿里坤牛皮的ai大模型也行啊","text":"$美团-W(03690)$ 垃圾，要技术没技术，要业务没业务，还一直看不起阿里，那你有比阿里坤牛皮的ai大模型也行啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/541126989484496","isVote":1,"tweetType":1,"viewCount":1878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":539464468669960,"gmtCreate":1772723325162,"gmtModify":1772725044924,"author":{"id":"3516318902917575","authorId":"3516318902917575","name":"输入昵称中","avatar":"https://static.tigerbbs.com/f0546835c477c3fd06dce0a06b771d0f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3516318902917575","authorIdStr":"3516318902917575"},"themes":[],"title":"","htmlText":"唉 净搞些没用的 个人助理呢？openclaw还没让你看到agentic ai的需求吗？搞个锤子前端自动生成","listText":"唉 净搞些没用的 个人助理呢？openclaw还没让你看到agentic ai的需求吗？搞个锤子前端自动生成","text":"唉 净搞些没用的 个人助理呢？openclaw还没让你看到agentic ai的需求吗？搞个锤子前端自动生成","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/539464468669960","repostId":"2617579519","repostType":2,"repost":{"id":"2617579519","kind":"news","pubTimestamp":1772695923,"share":"https://www.laohu8.com/m/news/2617579519?lang=zh_CN&edition=full","pubTime":"2026-03-05 15:32","market":"hk","language":"zh","title":"美团发布NoCode AI编程工具：自然语言生成前端应用","url":"https://stock-news.laohu8.com/highlight/detail?id=2617579519","media":"DoNews","summary":"美团技术委员会于2024年11月启动NoCode项目，2026年3月正式对外提供服务。美团明确表示不设商业化路径，核心目标是推动AI编程普惠化。美团强调，NoCode的使命是消除技术能力壁垒，使创作不受编程语言、开发经验与环境约束。目前该工具已支撑美团内外部千余个轻量级数字化需求落地，成为AI原生生产力工具规模化渗透的典型实践样本。","content":"<html><body><article><p><a href=\"https://laohu8.com/S/MPNGY\">美团</a>技术委员会于2024年11月启动NoCode项目，2026年3月正式对外提供服务。该工具定位为面向非技术人员的AI原生开发平台，支持通过自然语言对话直接生成网页前端、小程序、产品原型及轻量级应用，无需编写代码、无需部署运维，实现“一句话，呈所想”。</p><p>NoCode基于<a href=\"https://laohu8.com/S/03690\">美团</a>自研千亿参数大模型LongCat，专为Web前端（HTML/CSS/JS）优化，并融合Code Agent调度系统，具备多步骤推理、文件检索、日志分析与数据库对接能力。其架构采用大模型与垂直小模型（MoE）协同模式：大模型负责需求理解与任务编排，小模型分别承担UI呈现、接口生成等具体执行任务。</p><p>用户仅需在nocode.cn界面输入自然语言需求，系统自动延展需求、制定实现计划、解释设计逻辑（含色彩系统、字体组合与UI规范），并在约10秒内完成代码生成，随即渲染出匹配度达85%的可交互页面。生成结果支持一键云端部署，自动生成CDN链接与分享地址，当前暂未开放后端API与数据库直连能力，需由专业技术人员后续接入。</p><p>截至2026年3月，NoCode已进入公开灰测阶段，无邀请码限制，初始登录配额为100次，每日新增10次对话额度；所有算力与云计算资源免费提供。美团明确表示不设商业化路径，核心目标是推动AI编程普惠化。</p><p>内部数据显示，美团研发体系中AI生成代码占比已达周增量的50%，涵盖NoCode与更早推出的CatPaw（2022年11月启动，对标GitHub Copilot）两大工具。值得注意的是，NoCode的主力用户已发生结构性反转：非技术研发人员（含产品经理、运营、BD、客服、商家、骑手站长等）使用量为技术研发人员的3倍，当前内部用户中约70–80%为非研发同事。</p><p>该项目为自下而上孵化的“黑客式”创新，初期由美团基础研发平台智能开发工具负责人俞超带领5–6人团队启动，全程未设强制KPI或高层指令驱动。团队成员跨职能协作，前端、后端、算法、工程、评测高度融合，部分精美页面由后端或设计人员直接使用AI工具迭代完成。评测环节强调bad case回放机制，对每一失败请求追溯query、对话流、模型响应与执行环境，持续优化渲染成功率与对话鲁棒性。</p><p>美团将NoCode纳入其AI三层战略中的“AI at work”层级，旨在降低软件交付门槛、缩短产品迭代周期，尤其服务于等待周期长、资源排期难的轻量级需求。实际应用场景已覆盖个人所得税测算页、区域商家门户、养殖场监看系统、信号灯优化工具、点餐系统原型等。骑手站长亦用其开发本地化管理工具，川渝地区商家正自主构建专属线上门户并一键发布至互联网。</p><p>美团技术委员会成员、工程效率负责人程大同指出，NoCode并非对标Cursor等IDE型编程助手，而是聚焦“零代码思维”用户，将AI编码动作完全封装，仅向用户交付功能结果。其交互范式本质是垂直领域AI Agent——以自然语言为唯一接口，通过工具调用、上下文管理与多模型协同完成端到端交付。美团自2022年起即布局AI编程，早于ChatGPT发布，早期依托外部商业模型快速验证，再反哺自研模型演进，形成螺旋上升路径。</p><p>未来1–3个月，NoCode将重点推进三方面升级：产品层上线UI/UX优化、协同编辑功能，并增强数据存储与后端集成能力；Agent层优化对话流架构、强化离线评测与在线A/B测试，扩大Apply模型与CatPaw Agent灰度范围，探索Remote Agent自动化能力；基础设施层构建极速容器调度系统，提升环境依赖安装、数据持久化等底层效率。其Slogan“一句话，呈所想”已部署于官网，猫形LOGO设计体现亲和力导向，呼应面向小白用户的定位。</p><p>美团强调，NoCode的使命是消除技术能力壁垒，使创作不受编程语言、开发经验与环境约束。其发展节奏按季度动态校准，拒绝长期路线图预设，坚持“解决一个bad case，前进一步”的务实迭代逻辑。目前该工具已支撑美团内外部千余个轻量级数字化需求落地，成为AI原生生产力工具规模化渗透的典型实践样本。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美团发布NoCode AI编程工具：自然语言生成前端应用</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260305153736a6a59ae4&s=b><strong>DoNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美团技术委员会于2024年11月启动NoCode项目，2026年3月正式对外提供服务。该工具定位为面向非技术人员的AI原生开发平台，支持通过自然语言对话直接生成网页前端、小程序、产品原型及轻量级应用，无需编写代码、无需部署运维，实现“一句话，呈所想”。NoCode基于美团自研千亿参数大模型LongCat，专为Web前端（HTML/CSS/JS）优化，并融合Code Agent调度系统，具备多步骤...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260305153736a6a59ae4&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU1720050803.USD":"安联全方位中国股票基金","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0181495838.USD":"施罗德新兴亚洲A 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Copilot）两大工具。值得注意的是，NoCode的主力用户已发生结构性反转：非技术研发人员（含产品经理、运营、BD、客服、商家、骑手站长等）使用量为技术研发人员的3倍，当前内部用户中约70–80%为非研发同事。该项目为自下而上孵化的“黑客式”创新，初期由美团基础研发平台智能开发工具负责人俞超带领5–6人团队启动，全程未设强制KPI或高层指令驱动。团队成员跨职能协作，前端、后端、算法、工程、评测高度融合，部分精美页面由后端或设计人员直接使用AI工具迭代完成。评测环节强调bad case回放机制，对每一失败请求追溯query、对话流、模型响应与执行环境，持续优化渲染成功率与对话鲁棒性。美团将NoCode纳入其AI三层战略中的“AI at work”层级，旨在降低软件交付门槛、缩短产品迭代周期，尤其服务于等待周期长、资源排期难的轻量级需求。实际应用场景已覆盖个人所得税测算页、区域商家门户、养殖场监看系统、信号灯优化工具、点餐系统原型等。骑手站长亦用其开发本地化管理工具，川渝地区商家正自主构建专属线上门户并一键发布至互联网。美团技术委员会成员、工程效率负责人程大同指出，NoCode并非对标Cursor等IDE型编程助手，而是聚焦“零代码思维”用户，将AI编码动作完全封装，仅向用户交付功能结果。其交互范式本质是垂直领域AI Agent——以自然语言为唯一接口，通过工具调用、上下文管理与多模型协同完成端到端交付。美团自2022年起即布局AI编程，早于ChatGPT发布，早期依托外部商业模型快速验证，再反哺自研模型演进，形成螺旋上升路径。未来1–3个月，NoCode将重点推进三方面升级：产品层上线UI/UX优化、协同编辑功能，并增强数据存储与后端集成能力；Agent层优化对话流架构、强化离线评测与在线A/B测试，扩大Apply模型与CatPaw Agent灰度范围，探索Remote Agent自动化能力；基础设施层构建极速容器调度系统，提升环境依赖安装、数据持久化等底层效率。其Slogan“一句话，呈所想”已部署于官网，猫形LOGO设计体现亲和力导向，呼应面向小白用户的定位。美团强调，NoCode的使命是消除技术能力壁垒，使创作不受编程语言、开发经验与环境约束。其发展节奏按季度动态校准，拒绝长期路线图预设，坚持“解决一个bad 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10:19","market":"hk","language":"zh","title":"消息称京东App正进行大改版，突出新品和秒送业务","url":"https://stock-news.laohu8.com/highlight/detail?id=2502005701","media":"DoNews","summary":"DoNews1月10日消息，据36氪报道，京东在2024年下半年启动app改版项目，10月中下旬开启内部测试，目前仍处于灰测阶段。一位京东人士称，改版项目在内部的优先级和重要性能排进2024年下半年的TOP3，上线后曾发布全员通知、收集反馈意见。这次改版中，最能反映业务逻辑的是一级入口的重新分布。原先，京东app的打开页中，首页、秒送两大主入口居中分布。简而言之，特价、新品成为京东提升零售业务活力的锚点，而秒送依然是创造增量的希望。","content":"<html><body><article><p>DoNews1月10日消息，据36氪报道，<a href=\"https://laohu8.com/S/JD\">京东</a>在2024年下半年启动app改版项目，10月中下旬开启内部测试，目前仍处于灰测阶段。一位京东人士称，改版项目在内部的优先级和重要性能排进2024年下半年的TOP3，上线后曾发布全员通知、收集反馈意见。</p><p>这次改版中，最能反映业务逻辑的是一级入口的重新分布。原先，京东app的打开页中，首页、秒送两大主入口居中分布。目前，部分被灰测到的用户打开京东app后，首页左上方共4个主入口，分别是“特价”、“首页”、“秒送”、“新品”；不过，也有部分用户的界面呈现为3个主入口——在上述基础上去掉了“特价”。</p><p>简而言之，特价、新品成为京东提升零售业务活力的锚点，而秒送依然是创造增量的希望。秒送尤其值得一提，自前美团高管郭庆直接管辖后，不少行业人士认为秒送全面对标美团闪购。</p><p>但从最新的业务版图看，秒送更像是在对标美团的所有核心业务——餐饮外卖、到店团购、即时零售、以及其他各种本地生活功能，都已集合在内、完成上线。在视觉设计上，京东“我的”界面以及单一商品的展示页，则被不少用户评价为“跟淘宝、天猫越来越像。”</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>消息称京东App正进行大改版，突出新品和秒送业务</title>\n<style 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href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250110102038aba5413b&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"83690":"美团-WR","89618":"京东集团-SWR","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) 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垃圾，要技术没技术，要业务没业务，还一直看不起阿里，那你有比阿里坤牛皮的ai大模型也行啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/541126989484496","isVote":1,"tweetType":1,"viewCount":1878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":659881445,"gmtCreate":1679967598788,"gmtModify":1679967599866,"author":{"id":"3516318902917575","authorId":"3516318902917575","name":"输入昵称中","avatar":"https://static.tigerbbs.com/f0546835c477c3fd06dce0a06b771d0f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3516318902917575","idStr":"3516318902917575"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/03690\">$美团-W(03690)$&nbsp;</a><v-v data-views=\"0\"></v-v>70以下","listText":"<a href=\"https://laohu8.com/S/03690\">$美团-W(03690)$&nbsp;</a><v-v data-views=\"0\"></v-v>70以下","text":"$美团-W(03690)$ 70以下","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/659881445","isVote":1,"tweetType":1,"viewCount":2369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":543588499977120,"gmtCreate":1773737637518,"gmtModify":1773737670711,"author":{"id":"3516318902917575","authorId":"3516318902917575","name":"输入昵称中","avatar":"https://static.tigerbbs.com/f0546835c477c3fd06dce0a06b771d0f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3516318902917575","idStr":"3516318902917575"},"themes":[],"title":"","htmlText":"垃圾报告，说数字不说指标口径定义，最**的分析公司","listText":"垃圾报告，说数字不说指标口径定义，最**的分析公司","text":"垃圾报告，说数字不说指标口径定义，最**的分析公司","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/543588499977120","repostId":"2619743591","repostType":2,"repost":{"id":"2619743591","kind":"news","pubTimestamp":1773633602,"share":"https://www.laohu8.com/m/news/2619743591?lang=zh_CN&edition=full","pubTime":"2026-03-16 12:00","market":"us","language":"zh","title":"易观报告：2025年四季度淘宝闪购成交份额与美团基本持平","url":"https://stock-news.laohu8.com/highlight/detail?id=2619743591","media":"人民财讯","summary":"人民财讯3月16日电，近日，第三方研究机构易观分析发布即时零售市场报告显示，2025年第四季度淘宝闪购即时交易市场份额为45.2%，美团为45.0%，两者份额差距仅0.2个百分点，即时零售市场呈现多平台竞争态势；京东即时交易市场份额为8.4%，位列第三。","content":"<html><body><div>\n<p>　　人民财讯3月16日电，近日，第三方研究机构易观分析发布即时零售市场报告显示，2025年第四季度淘宝闪购即时交易市场份额为45.2%，<a href=\"https://laohu8.com/S/MPNGY\">美团</a>为45.0%，两者份额差距仅 0.2个百分点，即时零售市场呈现多平台竞争态势；<span><a href=\"https://laohu8.com/S/JD\">京东</a></span><span></span>即时交易市场份额为8.4%，位列第三。 </p><p>（文章来源：人民财讯）</p> </div></body></html>","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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#eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n易观报告：2025年四季度淘宝闪购成交份额与美团基本持平\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-16 12:00 北京时间&nbsp;&nbsp;&nbsp;<a href=http://finance.eastmoney.com/a/202603163672910362.html><strong>人民财讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>人民财讯3月16日电，近日，第三方研究机构易观分析发布即时零售市场报告显示，2025年第四季度淘宝闪购即时交易市场份额为45.2%，美团为45.0%，两者份额差距仅 0.2个百分点，即时零售市场呈现多平台竞争态势；京东即时交易市场份额为8.4%，位列第三。 （文章来源：人民财讯）</p>\n\n<a href=\"http://finance.eastmoney.com/a/202603163672910362.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","BABU":"Direxion Daily BABA Bull 2X ETF","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC","BK4614":"Manus概念股","BK4579":"人工智能","BABW":"Roundhill BABA WeeklyPay ETF","BABX":"2倍做多BABA ETF-GraniteShares","BK1142":"互联网与直销零售","BK1618":"Manus概念股","LU0326948709.USD":"SCHRODER ISF ASIAN TOTAL RETURN \"A\" (USD) ACC","LU0823426308.USD":"法巴中国股票基金","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU0828237510.HKD":"SCHRODER ISF BIC (BRAZ IN CH)\"A\" (HKD) ACC","LU0228659784.USD":"施罗德金砖四国基金","LU0328353924.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERGING MARKETS OPPORTUNITY (USD) \"P\" (USD) ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) 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Markets Equity R/A SGD","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0469268626.HKD":"AB FCP I-ASIA EX JAPAN EQUITY PTF(AD"},"source_url":"http://finance.eastmoney.com/a/202603163672910362.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2619743591","content_text":"人民财讯3月16日电，近日，第三方研究机构易观分析发布即时零售市场报告显示，2025年第四季度淘宝闪购即时交易市场份额为45.2%，美团为45.0%，两者份额差距仅 0.2个百分点，即时零售市场呈现多平台竞争态势；京东即时交易市场份额为8.4%，位列第三。 （文章来源：人民财讯）","news_type":1,"symbols_score_info":{"89988":0.6,"BABX":0.6,"BBYY":0.6,"BABU":0.6,"METmain":0.6,"BABA":1.91,"03690":1.92,"HBBD.SI":0.6,"BABW":0.6,"HMTD.SI":0.6,"KBAB":0.6,"09988":1.91,"BABO":0.6,"MPNGY":1.92,"ALBmain":0.6}},"isVote":1,"tweetType":1,"viewCount":838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":543767986279272,"gmtCreate":1773731264153,"gmtModify":1773731266754,"author":{"id":"3516318902917575","authorId":"3516318902917575","name":"输入昵称中","avatar":"https://static.tigerbbs.com/f0546835c477c3fd06dce0a06b771d0f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3516318902917575","idStr":"3516318902917575"},"themes":[],"title":"","htmlText":"吹牛皮，实在好用的还是kimi","listText":"吹牛皮，实在好用的还是kimi","text":"吹牛皮，实在好用的还是kimi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/543767986279272","repostId":"2620482554","repostType":2,"repost":{"id":"2620482554","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1773726449,"share":"https://www.laohu8.com/m/news/2620482554?lang=zh_CN&edition=full","pubTime":"2026-03-17 13:47","market":"nz","language":"zh","title":"阿里新增“Token事业群”，千问重估的时刻来了？","url":"https://stock-news.laohu8.com/highlight/detail?id=2620482554","media":"华尔街见闻","summary":"阿里重磅宣布成立“Token事业群”，“悟空事业部”首次亮相。大摩认为，该事业群的成立意味着阿里未来存在进一步上调估值的空间，并将公司视为“中国AI赢家”首选。目前对阿里的高端SOTP估值为每股345美元，其中已为千问事业部单独分配了每股19美元的估值。","content":"<html><head></head><body><blockquote><p>阿里重磅宣布成立“Token事业群”，“悟空事业部”首次亮相。大摩认为，该事业群的成立意味着阿里未来存在进一步上调估值的空间，并将公司视为“中国AI赢家”首选。目前对阿里的高端SOTP估值为每股345美元，其中已为千问事业部单独分配了每股19美元的估值。</p></blockquote><p style=\"text-align: left;\">阿里巴巴正以一次重大组织重构，向外界宣告其全面押注AI Agent时代的决心。</p><p style=\"text-align: left;\">据华尔街见闻文章，3月16日，阿里正式宣布成立<strong>Alibaba Token Hub（ATH）事业群</strong>，由CEO吴泳铭亲自挂帅，目标是建立一个以&#34;创造Token、输送Token、应用Token&#34;为核心的统一调度中心。与此同时，一个此前从未出现在公众视野的新部门——<strong>悟空事业部</strong>——首次浮出水面，剑指B端AI原生工作平台市场。</p><p style=\"text-align: left;\">3月17日，据追风交易台消息，摩根士丹利第一时间发布快评，明确指出ATH事业群的财务驱动逻辑与<strong>Minimax、智谱等纯模型公司</strong>高度相似，<strong>有望在现有分类加总估值（SOTP）框架之外，成为一个独立的估值构成部分</strong>。叠加即将到来的3Q26财报季，阿里AI商业化的成色将迎来市场的集中检验。</p><h2 id=\"id_4265089627\" style=\"text-align: left;\">押注AGI爆发前夜：ATH事业群与“悟空”浮出水面</h2><p style=\"text-align: left;\">面对即将到来的AGI爆发前夜，阿里正迅速调整其阵型。</p><p style=\"text-align: left;\">3月16日，阿里巴巴正式宣布成立Alibaba Token Hub（ATH）事业群，由集团CEO吴泳铭直接领导。该组织的核心目标非常明确：创造Token、输送Token、应用Token。</p><p style=\"text-align: left;\">吴泳铭在内部信中指出，未来大量的数字化工作将由数以百亿计的AI Agent来支撑，而Token正是驱动这些Agent运转的基本燃料和人类与数字世界交互的主要载体。</p><p style=\"text-align: left;\">在此次架构调整中，ATH整合了五条核心业务线，覆盖了从底层到应用的全链条：</p><blockquote><ul style=\"\"><li><p style=\"text-align: left;\"><strong>通义实验室：</strong>负责多模态基础模型研发。</p></li><li><p style=\"text-align: left;\"><strong>MaaS业务线：</strong>构建开放的模型服务平台。</p></li><li><p style=\"text-align: left;\"><strong>千问事业部：</strong>专注C端个人AI助手。</p></li><li><p style=\"text-align: left;\"><strong>AI创新事业部：</strong>探索新模式、新市场及新AI应用（如OpenClaw）。</p></li><li><p style=\"text-align: left;\"><strong>悟空事业部：</strong>首次浮出水面，定位为“B端AI原生工作平台”，致力于将模型能力深度融入企业工作流。</p></li></ul></blockquote><p style=\"text-align: left;\">为了在AI Agent市场抢占先机并补齐B端短板，阿里最快于本周推出由钉钉团队开发的全新企业级AI Agent应用。该产品不仅能自动操作电脑、浏览器及云服务器，还专门针对企业数据安全进行了功能强化，未来计划整合淘宝、支付宝、阿里云等B端商业服务形成闭环。</p><h2 id=\"id_1288832965\" style=\"text-align: left;\">摩根士丹利：ATH或开启独立估值空间，对标Minimax与智谱</h2><p style=\"text-align: left;\">摩根士丹利在最新发布的快评中，对ATH事业群的成立给予积极评价，并提出了一个至关重要的估值逻辑：</p><blockquote><p style=\"text-align: left;\">&#34;我们认为这一独立事业群很可能拥有基于Token的收入与成本结构，其财务驱动因素与Minimax、智谱等纯模型公司高度相似。这有可能转化为SOTP估值中的一个额外构成部分。&#34;</p></blockquote><p style=\"text-align: left;\">具体而言，摩根士丹利目前对阿里的<strong>高端SOTP估值为每股345美元</strong>，其中已为千问事业部单独分配了<strong>每股19美元</strong>的估值；但在<strong>中间值SOTP估值240美元</strong>中，千问的独立估值尚未被纳入。</p><p style=\"text-align: left;\">该行指出，ATH事业群的成立，意味着未来存在进一步上调估值的空间——前提是其Token化商业模式能够得到市场验证。</p><p style=\"text-align: left;\">摩根士丹利维持对阿里的<strong>增持（Overweight）评级</strong>，目标价<strong>180美元</strong>，并将阿里列为<strong>首选股（Top Pick）</strong>，视其为&#34;拥有顶级完整AI技术栈的中国AI赢家&#34;。</p><p style=\"text-align: left;\">摩根士丹利还明确将即将公布的<strong>3Q26季度财报</strong>视为股价催化剂，重点关注阿里云收入增长的潜在上行空间。此次组织变阵所能兑现的商业成效，将成为评估阿里AI战略可信度的重要参照。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>阿里新增“Token事业群”，千问重估的时刻来了？</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n阿里新增“Token事业群”，千问重估的时刻来了？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-03-17 13:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>阿里重磅宣布成立“Token事业群”，“悟空事业部”首次亮相。大摩认为，该事业群的成立意味着阿里未来存在进一步上调估值的空间，并将公司视为“中国AI赢家”首选。目前对阿里的高端SOTP估值为每股345美元，其中已为千问事业部单独分配了每股19美元的估值。</p></blockquote><p style=\"text-align: left;\">阿里巴巴正以一次重大组织重构，向外界宣告其全面押注AI Agent时代的决心。</p><p style=\"text-align: left;\">据华尔街见闻文章，3月16日，阿里正式宣布成立<strong>Alibaba Token Hub（ATH）事业群</strong>，由CEO吴泳铭亲自挂帅，目标是建立一个以&#34;创造Token、输送Token、应用Token&#34;为核心的统一调度中心。与此同时，一个此前从未出现在公众视野的新部门——<strong>悟空事业部</strong>——首次浮出水面，剑指B端AI原生工作平台市场。</p><p style=\"text-align: left;\">3月17日，据追风交易台消息，摩根士丹利第一时间发布快评，明确指出ATH事业群的财务驱动逻辑与<strong>Minimax、智谱等纯模型公司</strong>高度相似，<strong>有望在现有分类加总估值（SOTP）框架之外，成为一个独立的估值构成部分</strong>。叠加即将到来的3Q26财报季，阿里AI商业化的成色将迎来市场的集中检验。</p><h2 id=\"id_4265089627\" style=\"text-align: left;\">押注AGI爆发前夜：ATH事业群与“悟空”浮出水面</h2><p style=\"text-align: left;\">面对即将到来的AGI爆发前夜，阿里正迅速调整其阵型。</p><p style=\"text-align: left;\">3月16日，阿里巴巴正式宣布成立Alibaba Token Hub（ATH）事业群，由集团CEO吴泳铭直接领导。该组织的核心目标非常明确：创造Token、输送Token、应用Token。</p><p style=\"text-align: left;\">吴泳铭在内部信中指出，未来大量的数字化工作将由数以百亿计的AI Agent来支撑，而Token正是驱动这些Agent运转的基本燃料和人类与数字世界交互的主要载体。</p><p style=\"text-align: left;\">在此次架构调整中，ATH整合了五条核心业务线，覆盖了从底层到应用的全链条：</p><blockquote><ul style=\"\"><li><p style=\"text-align: left;\"><strong>通义实验室：</strong>负责多模态基础模型研发。</p></li><li><p style=\"text-align: left;\"><strong>MaaS业务线：</strong>构建开放的模型服务平台。</p></li><li><p style=\"text-align: left;\"><strong>千问事业部：</strong>专注C端个人AI助手。</p></li><li><p style=\"text-align: left;\"><strong>AI创新事业部：</strong>探索新模式、新市场及新AI应用（如OpenClaw）。</p></li><li><p style=\"text-align: left;\"><strong>悟空事业部：</strong>首次浮出水面，定位为“B端AI原生工作平台”，致力于将模型能力深度融入企业工作流。</p></li></ul></blockquote><p style=\"text-align: left;\">为了在AI Agent市场抢占先机并补齐B端短板，阿里最快于本周推出由钉钉团队开发的全新企业级AI Agent应用。该产品不仅能自动操作电脑、浏览器及云服务器，还专门针对企业数据安全进行了功能强化，未来计划整合淘宝、支付宝、阿里云等B端商业服务形成闭环。</p><h2 id=\"id_1288832965\" style=\"text-align: left;\">摩根士丹利：ATH或开启独立估值空间，对标Minimax与智谱</h2><p style=\"text-align: left;\">摩根士丹利在最新发布的快评中，对ATH事业群的成立给予积极评价，并提出了一个至关重要的估值逻辑：</p><blockquote><p style=\"text-align: left;\">&#34;我们认为这一独立事业群很可能拥有基于Token的收入与成本结构，其财务驱动因素与Minimax、智谱等纯模型公司高度相似。这有可能转化为SOTP估值中的一个额外构成部分。&#34;</p></blockquote><p style=\"text-align: left;\">具体而言，摩根士丹利目前对阿里的<strong>高端SOTP估值为每股345美元</strong>，其中已为千问事业部单独分配了<strong>每股19美元</strong>的估值；但在<strong>中间值SOTP估值240美元</strong>中，千问的独立估值尚未被纳入。</p><p style=\"text-align: left;\">该行指出，ATH事业群的成立，意味着未来存在进一步上调估值的空间——前提是其Token化商业模式能够得到市场验证。</p><p style=\"text-align: left;\">摩根士丹利维持对阿里的<strong>增持（Overweight）评级</strong>，目标价<strong>180美元</strong>，并将阿里列为<strong>首选股（Top Pick）</strong>，视其为&#34;拥有顶级完整AI技术栈的中国AI赢家&#34;。</p><p style=\"text-align: left;\">摩根士丹利还明确将即将公布的<strong>3Q26季度财报</strong>视为股价催化剂，重点关注阿里云收入增长的潜在上行空间。此次组织变阵所能兑现的商业成效，将成为评估阿里AI战略可信度的重要参照。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/05ddeb1f7be03fe06014ae549a8abe22","relate_stocks":{"LU0918141705.HKD":"ALLIANZ 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Hub（ATH）事业群，由CEO吴泳铭亲自挂帅，目标是建立一个以\"创造Token、输送Token、应用Token\"为核心的统一调度中心。与此同时，一个此前从未出现在公众视野的新部门——悟空事业部——首次浮出水面，剑指B端AI原生工作平台市场。3月17日，据追风交易台消息，摩根士丹利第一时间发布快评，明确指出ATH事业群的财务驱动逻辑与Minimax、智谱等纯模型公司高度相似，有望在现有分类加总估值（SOTP）框架之外，成为一个独立的估值构成部分。叠加即将到来的3Q26财报季，阿里AI商业化的成色将迎来市场的集中检验。押注AGI爆发前夜：ATH事业群与“悟空”浮出水面面对即将到来的AGI爆发前夜，阿里正迅速调整其阵型。3月16日，阿里巴巴正式宣布成立Alibaba Token Hub（ATH）事业群，由集团CEO吴泳铭直接领导。该组织的核心目标非常明确：创造Token、输送Token、应用Token。吴泳铭在内部信中指出，未来大量的数字化工作将由数以百亿计的AI Agent来支撑，而Token正是驱动这些Agent运转的基本燃料和人类与数字世界交互的主要载体。在此次架构调整中，ATH整合了五条核心业务线，覆盖了从底层到应用的全链条：通义实验室：负责多模态基础模型研发。MaaS业务线：构建开放的模型服务平台。千问事业部：专注C端个人AI助手。AI创新事业部：探索新模式、新市场及新AI应用（如OpenClaw）。悟空事业部：首次浮出水面，定位为“B端AI原生工作平台”，致力于将模型能力深度融入企业工作流。为了在AI Agent市场抢占先机并补齐B端短板，阿里最快于本周推出由钉钉团队开发的全新企业级AI Agent应用。该产品不仅能自动操作电脑、浏览器及云服务器，还专门针对企业数据安全进行了功能强化，未来计划整合淘宝、支付宝、阿里云等B端商业服务形成闭环。摩根士丹利：ATH或开启独立估值空间，对标Minimax与智谱摩根士丹利在最新发布的快评中，对ATH事业群的成立给予积极评价，并提出了一个至关重要的估值逻辑：\"我们认为这一独立事业群很可能拥有基于Token的收入与成本结构，其财务驱动因素与Minimax、智谱等纯模型公司高度相似。这有可能转化为SOTP估值中的一个额外构成部分。\"具体而言，摩根士丹利目前对阿里的高端SOTP估值为每股345美元，其中已为千问事业部单独分配了每股19美元的估值；但在中间值SOTP估值240美元中，千问的独立估值尚未被纳入。该行指出，ATH事业群的成立，意味着未来存在进一步上调估值的空间——前提是其Token化商业模式能够得到市场验证。摩根士丹利维持对阿里的增持（Overweight）评级，目标价180美元，并将阿里列为首选股（Top Pick），视其为\"拥有顶级完整AI技术栈的中国AI赢家\"。摩根士丹利还明确将即将公布的3Q26季度财报视为股价催化剂，重点关注阿里云收入增长的潜在上行空间。此次组织变阵所能兑现的商业成效，将成为评估阿里AI战略可信度的重要参照。","news_type":1,"symbols_score_info":{"BABO":0.6,"BABW":0.6,"KBAB":0.6,"BABA":1.96,"BABX":0.6,"BBYY":0.6,"09988":1.96,"BABU":0.6}},"isVote":1,"tweetType":1,"viewCount":1073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}