万物云破局物业下半场

华尔街见闻
Aug 20

作者 |周智宇 编辑 | 黄昱 中国的物业行业,正被重构。 过去,物业公司的增长主要依赖房地产开发商。随着房地产市场进入调整期,这种依附于母公司的商业模式已经难以为继,整个物业行业因此面临着严峻的经营压力。 万物云2025年中期财报的数据,清晰地展示了一个行业转折点。公司核心净利润同比增长10.8%,远超营收增速。这背后是业务结构的根本变化:来自开发商的关联业务占比已降至6.5%,而独立获取的...

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