不过，这份财报也同步传递出外卖亏损收窄的信号——包含外卖在内的新业务Q4亏损148亿元，相比Q3的157亿有所收窄。管理层在电话会上表示，若市场竞争平稳，2026年外卖业务的总投入将有所下降。这给了市场一个“最坏的时候可能已经过去”的预期。
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Add a bookmark/chapter at turn N (repeatable)