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Meituan Conference Call Highlights: Persistent Intense Competition Anticipated in Near Future
2025-08-27 /
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Author：小编
Meituan's second-quarter financial report reveals a significant decline in its adjusted net profit, down 89% year-on-year, significantly underperforming market projections. This downturn is attributed to the cutthroat competition prevalent in the food delivery sector. Management anticipates that this fierce competition will persist in the short term, with the potential for substantial losses in the third quarter for its core local services business.
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