即时零售大战:边界消失,巨头们开始“互偷高地”

联商网
Dec 10, 2025

随着 美团 、阿里、 京东 三大即时零售平台2025年三季度财报相继出炉,各家略显黯淡的数据引起了资本市场的格外关注。美团 核心本地商业板块经营利润首次转负,整体经调整净亏损高达160亿元,较去年同期的146亿元盈利形成鲜明反差;阿里中国电商集团经调整EBITA为104.97亿元,相较于去年同期的443.27亿元,同比减少约338亿元,盈利能力大幅收缩; 京东 虽未披露即时 零售业 务的单独亏损...

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