《大行报告》花旗:美团(03690.HK)遭上海市消保委约谈符监管方向 料互联网平台用户增长将放缓
上海市消保委约谈美团(03690.HK),指美团在消费者权益保护方面存在突出问题。花旗发表报告,相信美团及拼多多(PDD.US)遭约谈是符合对互联网平台的整体监管方向,目的是保障消费者权益,及确保合理和公平的竞争。
该行表示,上海消保委指出互联网公司过分强调用户流量,对业务发展是不健康,又指引互联网平台改善自身管理以保障商户及消费者。花旗相信,互联网平台的用户增长料将放缓,可能导致交易总额(GMV)或收入增长放缓,且成本或会上升及需额外投资以符合监管要求,对股价的威胁可能长期存在。
不过,该行又认为,有关企业的更长期增长前景可望受惠,有更健康的经营环境和更合理竞争,用户及商户体验改善亦会为互联网经济产生更大的价值等。
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