0733 GMT - Alibaba's instant-delivery business is expected to incur losses due to heavy discounting, CGS International analysts say in a research note. The e-commerce giant is accelerating promotional activity for on-demand delivery to retain food-delivery users and improve cross-sales between segments, the analysts say. The brokerage estimates that Alibaba's instant commerce service, Taobao Flash, generates a 2 yuan loss per order, which could result in a 40 billion yuan loss for fiscal 2026. However, rival Meituan, which has 50%-60% market share, will likely maintain its leading position in the instant-delivery market over the next 1-2 years, the brokerage says. That's followed by 30%-35% share for Alibaba and 10% for JD.com. Alibaba's shares are last down 0.4% at HK$104.70. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
July 07, 2025 03:33 ET (07:33 GMT)
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