Meituan’s Profit Crumbles During Food Delivery War With Alibaba

Bloomberg2025-08-27

Meituan’s profit got wiped out in a price-based battle with rivals Alibaba Group Holding Ltd. and JD.com Inc., the most striking sign yet that its longstanding dominance in a lucrative home market is ...

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KPanda
2025-08-27
KPanda
Is this better than forecasted ?

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The company blamed “irrational competition” that surfaced during those three months, echoing the concerns of investors who wiped out about a quarter of Meituan’s market value in 2025.The plunge illustrates how China’s leading food delivery platform is facing its greatest challenge in years from two rivals that — till recently — had largely ceded the domestic meal arena. In 2025, that changed when JD.com, pursuing growth during a Chinese consumption downturn, and Alibaba’s Ele.me began offering generous subsidies to cash-strapped diners.Their offensive has since eroded profitability across the sector and forced Meituan to defend its core business on multiple fronts. This month, JD.com reported a halving in net income for the quarter. Alibaba has posted muted growth and is set to report earnings on Friday.In past months, the trio has invested billions of dollars on incentives and hiring delivery riders. This strategy backfired with investors, who sold off shares in Meituan and JD.com, erasing roughly $100 billion of their combined market value at one point. Following a warning from industry regulators, the three corporations in August pledged to cease their “disorderly competition” and avoid a self-destructive price war.Faced with margin pressure at home, Meituan is looking overseas. Its own aggressive pricing strategy forced Deliveroo Plc to retreat from Hong Kong after a decade of operating in the city.Its food delivery app Keeta has rolled out service to Saudi Arabia’s major cities since entering the market in 2024. It’s also planning to spend $1 billion over five years to bring its food delivery service to Brazil. And Meituan is now eying markets including Qatar and Kuwait over the next three years, according to local media.But that expansion is also taxing its coffers. Meituan reported a 27% rise in cost of revenues during the quarter, which it partly blamed on that overseas exploration.","kind":"live","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":472072592249672,"gmtCreate":1756283649749,"gmtModify":1756286320889,"author":{"id":"4091504096282550","authorId":"4091504096282550","name":"KPanda","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"4091504096282550","idStr":"4091504096282550"},"htmlText":"Is this better than forecasted ?","listText":"Is this better than forecasted ?","text":"Is this better than forecasted ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/472072592249672","repostId":2562158477,"repostType":2,"repost":{"id":"2562158477","kind":"live","pubTimestamp":1756297663,"share":"https://ttm.financial/m/news/2562158477?lang=en_US&edition=fundamental","pubTime":"2025-08-27 20:27","market":"nz","language":"en","title":"Meituan’s Profit Crumbles During Food Delivery War With Alibaba","url":"https://stock-news.laohu8.com/highlight/detail?id=2562158477","media":"Bloomberg","summary":"Meituan’s profit got wiped out in a price-based battle with rivals Alibaba Group Holding Ltd. and JD","content":"<div>\n<p>Meituan’s profit got wiped out in a price-based battle with rivals Alibaba Group Holding Ltd. and JD.com Inc., the most striking sign yet that its longstanding dominance in a lucrative home market is ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-08-27/meituan-s-revenue-disappoints-after-china-food-wars-escalate\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meituan’s Profit Crumbles During Food Delivery War With Alibaba</title>\n<style 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longstanding dominance in a lucrative home market is ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-08-27/meituan-s-revenue-disappoints-after-china-food-wars-escalate\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","LU0054237671.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" INC","LU1868837722.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","IE00BF5LJ272.USD":"Legg Mason Martin Currie - Global Emerging Markets A Acc USD","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0588545490.SGD":"Eastspring Investments - 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Funds - Greater China A (acc) SGD","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU1008478684.HKD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (HKD) ACC","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC"},"source_url":"https://www.bloomberg.com/news/articles/2025-08-27/meituan-s-revenue-disappoints-after-china-food-wars-escalate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2562158477","content_text":"Meituan’s profit got wiped out in a price-based battle with rivals Alibaba Group Holding Ltd. and JD.com Inc., the most striking sign yet that its longstanding dominance in a lucrative home market is under threat.Meituan ADRs slumped 9% in premarket.Net income plummeted 97% to 365.3 million yuan ($51 million) for the June quarter, despite a 12% rise in revenue. The company blamed “irrational competition” that surfaced during those three months, echoing the concerns of investors who wiped out about a quarter of Meituan’s market value in 2025.The plunge illustrates how China’s leading food delivery platform is facing its greatest challenge in years from two rivals that — till recently — had largely ceded the domestic meal arena. In 2025, that changed when JD.com, pursuing growth during a Chinese consumption downturn, and Alibaba’s Ele.me began offering generous subsidies to cash-strapped diners.Their offensive has since eroded profitability across the sector and forced Meituan to defend its core business on multiple fronts. This month, JD.com reported a halving in net income for the quarter. Alibaba has posted muted growth and is set to report earnings on Friday.In past months, the trio has invested billions of dollars on incentives and hiring delivery riders. This strategy backfired with investors, who sold off shares in Meituan and JD.com, erasing roughly $100 billion of their combined market value at one point. Following a warning from industry regulators, the three corporations in August pledged to cease their “disorderly competition” and avoid a self-destructive price war.Faced with margin pressure at home, Meituan is looking overseas. Its own aggressive pricing strategy forced Deliveroo Plc to retreat from Hong Kong after a decade of operating in the city.Its food delivery app Keeta has rolled out service to Saudi Arabia’s major cities since entering the market in 2024. It’s also planning to spend $1 billion over five years to bring its food delivery service to Brazil. And Meituan is now eying markets including Qatar and Kuwait over the next three years, according to local media.But that expansion is also taxing its coffers. Meituan reported a 27% rise in cost of revenues during the quarter, which it partly blamed on that overseas exploration.","news_type":1,"symbols_score_info":{"03690":0.9,"MPNGY":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":true,"newsSizeData":{"likeSize":7,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2562158477","isCrawlerRequest":true}