摩根士丹利：中国互联网-应对竞争所采取的行动

June 23, 2025 01:05 PM GMT China Internet and Other Services | Asia Pacific Actions Taken to Combat Competition We are confident in the moat Meituan has built in quick commerce. Increased synergies in Alibaba's e-com and local services should drive adoption. Our e-com preference: Alibaba (AI enabler, with cloud revenue acceleration as catalyst) > Meituan (intact long-term competitiveness) > JD. Meituan What's new: (1) According to local news flow (Sina Finance, June 23), the Meituan Select mini program has ...