Total Assets$BABA-W(09988.HK)$Alibaba(BABA.US)Alibaba isn't stupid. If food delivery never made money, would they keep subsidizing and giving out 3 billion in red envelopes? At least the overall ledger is profitable. Many outsiders just chatter about the price action and charts, not considering that business is fundamentally about accounting. If the numbers add up, and AI applications and cloud computing are worthwhile, then they'll pour resources into it.
Meituan can basically be given a death sentence. It depends on whether its own investment capabilities can succeed elsewhere, otherwise it's in trouble.
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