《大行》大摩:美团(03690.HK)退出优选业务止蚀 行业首选阿里(09988.HK)

阿斯达克财经
Jun 24, 2025

摩根士丹利研究报告指,日前多地的美团-W(03690.HK) 优选小程序被发现暂停销售,加上公司公布全面拓展即时零售业务,将拓展门店和闪电仓,以及增加品类;小象超市亦将逐步拓展到所有一、二线城市。该行估算美团优选去年产生约70亿元人民币(下同)的亏损,并预期今年的亏损亦约为60亿至70亿元。虽然美团优选的亏损较2022至23年时显著收窄(估计每年亏损介乎200亿至300亿元),但仍未能快速扩大...

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