Meituan Jumps 6%. Alibaba Expects to Sharply Shrink Instant Commerce Business Investment Next Quarter

TigerNov 26, 2025 5:37 AM

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Meituan shares jumped 6% in Hong Kong. Alibaba's CFO Toby Xu noted at the earnings conference that 3Q25 marked the peak of investment in the company's instant commerce business, Chinese media reported. With substantial improvements in overall efficiency and stable scale, Xu expects the overall investment in the instant commerce business to contract markedly next quarter.

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