这一战略动作的背后，是瑞幸自身发展遇到的现实瓶颈。最新财报显示，尽管公司在2025年全年营收净利双增，规模优势显著，但第四季度单季表现却暴露出隐忧——在收入同比增长32.9%的态势下，净利润同比大幅下滑39.1%至5.18亿元。
Steven Melendez is an independent journalist based in Chicago.
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