Ge Long Hui·2025-11-26 02:31Core Viewpoint - Meituan-W (3690.HK) experienced a significant intraday increase of 7%, reaching HKD 105.2, influenced by Alibaba's positive updates on its Taobao Flash Sales business [1] Group 1: Alibaba's Business Updates - Alibaba's CEO of the China e-commerce division, Jiang Fan, reported substantial progress in unit economic efficiency (UE) optimization for Taobao Flash Sales, with average losses per order halved since July and August [1] - The proportion of non-tea drink orders has risen to over 75%, and the average order value has seen double-digit growth on a month-over-month basis [1] - Jiang indicated that the first phase of scale expansion for Taobao Flash Sales has concluded, and the business is now entering a second phase focused on efficiency optimization [1] Group 2: Financial Projections and Strategy - Alibaba's CFO, Xu Hong, noted that the third quarter marked a peak in investment for the Flash Sales business, with expectations for a significant reduction in overall investment in the next quarter due to improved efficiency and stable scale [1] - The company will dynamically adjust its investment strategy based on the competitive landscape of the market [1] - Analysts suggest that Alibaba's statements may indicate a "temporary truce" in competitive strategies [1]