news flash·2025-07-10 02:06Core Viewpoint - Morgan Stanley expects Alibaba's investment in food delivery and flash sales to reach approximately 10 billion RMB in the first fiscal quarter ending in June, which will pressure short-term profitability; however, the firm remains optimistic about the company's AI empowerment potential and maintains its e-commerce preference ranking: Alibaba > Meituan > JD [1] Group 1 - The expected investment in food delivery and flash sales for Alibaba in Q1 is around 10 billion RMB [1] - Short-term profitability is anticipated to be under pressure due to these investments [1] - The forecast for Q2 indicates that the investment in food delivery and flash sales may double to 20 billion RMB, leading to a more than 40% year-on-year decline in EBITA for Taobao and local services [1]