Search
During its earnings call on August 27, Meituan unveiled its anticipated performance for the third quarter. Management highlighted that competitors' subsidies remain substantial, prompting Meituan to increase its investments to compete more effectively and bolster the development of the industry ecosystem. Despite maintaining its scale advantage in the food delivery sector, Meituan intends to bolster subsidies to sustain price competitiveness and ensure reliable delivery services. Consequently, it is anticipated that the core local commerce segment will incur considerable losses in Q3. However, Meituan will dynamically adjust its investments in response to the evolving competitive landscape. Management is confident that as industry subsidies become more rationalized, the food delivery business will revert to a reasonable level of profitability.
-
C114 Communication Network -
Communication Home
