理解市场 | 阿里巴巴-W 涨超 3% 加大即时零售及外卖投资将拖累盈利 汇丰称股价已反映预期
Alibaba-W rose over 3%, as of the time of writing, up 3%, reported at HKD 106.3, with a transaction volume of HKD 3.927 billion. In terms of news, competition in food delivery and instant retail is becoming increasingly fierce. According to third-party data, Alibaba's market share in the food delivery and instant retail market rapidly increased from over 20% in 2024 to 36% as of July 5, 2025, while Meituan holds 55% and JD.com holds 9%. This significant growth is attributed to the integration of Ele.me and Fliggy into Taobao and Tmall, leadership consolidation, aggressive subsidy strategies, and traffic support. It is reported that on July 2, Alibaba launched a one-year food delivery subsidy plan totaling RMB 50 billion. HSBC released a research report stating that Alibaba will continue to increase investment in instant retail and food delivery businesses in the coming quarters. Although Alibaba's substantial investment in food delivery and instant retail will drag down short-term profitability, the decline in stock price has largely reflected the expectations of profit adjustments. The cloud computing business maintains strong growth momentum, and its leading position in the AI field provides support for long-term value
According to Zhitong Finance APP, Alibaba-W (09988) rose over 3%, as of the time of writing, up 3%, priced at HKD 106.3, with a transaction volume of HKD 3.927 billion.
In terms of news, competition in food delivery and instant retail is becoming increasingly fierce. According to third-party data, Alibaba's market share in the food delivery and instant retail market rapidly increased from over 20% in 2024 to 36% on July 5, 2025, while Meituan holds 55% and JD.com holds 9%. This significant growth is attributed to the integration of Ele.me and Fliggy into Taobao and Tmall, leadership consolidation, aggressive subsidy strategies, and traffic support.
It is reported that on July 2, Alibaba launched a one-year food delivery subsidy plan totaling RMB 50 billion. HSBC released a research report stating that Alibaba will continue to increase investment in instant retail and food delivery businesses in the coming quarters. Although Alibaba's substantial investment in food delivery and instant retail will drag down short-term profitability, the decline in stock price has largely reflected the expectations of profit adjustments. The cloud computing business maintains strong growth momentum, and its leading position in the AI field provides support for long-term value
