大摩料内地外卖业第2至3季总补贴额达300-500亿元人民币

金融界2025-08-04

摩根士丹利发报告指，预计内地外卖业第2至3季的总补贴额将分别达300亿及500亿元人民币，或达投资高峰且竞争将持续。报告表示，阿里巴巴(09988.HK)、美团(03690.HK)及京东(09618.HK)三家外卖平台，已分别宣布将共同抵制“内卷式”竞争，包括抵制“零元购”以及允许商家自主参与促销活动等。大摩依次序继续看好阿里巴巴>美团>京东。对于阿里巴巴，该行认为其近期盈利压力已反应在股价中，但...

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