《大行》高盛:内地电商短期利润前景面临挑战性 互联网股看好腾讯、网易及小米等

阿斯达克财经
May 30, 2025

高盛发表报告,中资互联网公司今年首季度收入稳健、净利润超出预期,但对普遍第二季度盈利能力持渐进采取保守态度,因平台生态系统(商家、消费者)、食品外卖补贴(由电商提供)、AI(应用和超大规模GPU折旧)以及海外扩张等方面的投资增加。投资者主要聚焦三个问题,第一外卖竞争与电商的再投资:鉴于拼多多(PDD.US)  首季度利润未达预期,以及京东-SW(09618.HK) 在三个月内从进入食品外卖领域到...

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