斑马网络IPO数据透视:7.8%市占率第一难掩41亿亏损,阿里上汽持股79%、营收连降19%下独立性与盈利性双承压

财鲸眼
Dec 04, 2025

最近斑马网络要冲港股 IPO,这事挺有意思 —— 一边是证监会扔过来的七大问题,问得挺实在;一边是它手里的两张牌:智能座舱市占率排第一(7.8%),但三年多下来累计亏了超 41 亿。更关键的是,阿里和上汽加起来持股超 79%,这公司到底是自己闯市场,还是跟着两大股东走?疑问不少,得慢慢捋。图源:港交所披露易图源:斑马网络招股书股权业务都绑着:独立性这事儿有点悬斑马是 2015 年阿里和上汽一起凑钱...

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