$MEITUAN-W(03690)$ JD's core h

JD's core home appliance business is slowly being chipped away by Meituan. The internal management at JD $JD.com(JD)$ is disorganized, and when it comes to strategic focus and execution, JD simply doesn't compare to Meituan. Meituan was even able to take on Douyin and win, so dealing with JD is hardly a challenge for them. As more and more consumers shift toward Meituan's services, JD is facing increasing pressure. Wang Xing, the founder of Meituan, is arguably one of China's most formidable entrepreneurs, second only to Lei Jun.

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