Core Viewpoint - Major players in the food delivery industry, including Meituan, Taobao Flash Sale, Ele.me, and JD.com, have collectively emphasized the need to resist malicious competition and promote a healthy industry ecosystem, particularly in light of recent concerns over excessive subsidies and irrational promotional activities [1][2][5]. Group 1: Meituan's Position - Meituan has expressed a strong commitment to regulating promotional behaviors and eliminating unfair competition, aiming to establish a fair and orderly industry environment that benefits all parties involved [1]. - The company has called for industry-wide collaboration to build a healthy ecosystem that supports sustainable development in the food service sector [1]. Group 2: Taobao Flash Sale and Ele.me's Initiatives - Taobao Flash Sale and Ele.me have pledged to resist malicious competition and focus on four key areas, including planning subsidies based on consumer and merchant needs [2]. - They aim to enhance service quality by providing diverse consumption scenarios and improving delivery network efficiency [3]. Group 3: JD.com's Commitment - JD.com has reiterated its stance against irrational promotional activities, such as "0 yuan purchase" schemes, and is committed to creating a transparent subsidy mechanism that allows merchants to operate autonomously [6]. - The company aims to shift the industry focus from competing on subsidies to competing on quality and service, leveraging technology and supply chain innovations to build core competitiveness [6].

外卖平台纷纷发文，呼吁抵制恶性竞争、规范促销补贴！ 8月1日上午，美团发文《繁荣行业生态，抵制无序竞争》，淘宝闪购及饿了么发文《持续提升服务 推动良性竞争 激发消费烟火气》，京东 发文《践行主体责任和社会责任 共建外卖行业健康生态》，承诺将抵制恶性竞争、规范促销补贴、提升服务质量。 美团官微发文称，外卖平台补贴近日引发社会高度关注，美团对此高度重视，将坚决规范促销行为，杜绝不正当竞争行为，推动建立公平有 序行业秩序，促进各方互利共赢。承诺从自身做起，并积极呼吁行业共同构建良好生态，促进餐饮服务行业规范健康持续发展。其中包括， 开展补贴活动严格遵守相关法律法规，依法向商家和消费者公示补贴信息，不强制或变相强制商家参加补贴活动，切实保障商家自主定价权 等。 美团方面称，愿意和各方一起，务实行动，共同抵制"内卷式"竞争，把更多宝贵的资源，用到做好服务体验，改善商户经营，保障骑手权 益，推进科技创新，参与国际竞争，促进行业高质量发展的刀刃上。 美团发文抵制无序竞争 淘宝App同日上午也在规则中心上线声明，承诺将构筑公平透明、各方共赢的机制。包括从消费者和商家需求出发，合理规划发放补贴；坚 决抵制恶性竞争，不做大规模" ...

Group 1 - The core viewpoint of the article highlights the significant stock price movements of Meituan and Alibaba, both of which saw intraday gains exceeding 3% in the Hong Kong market [1] - Meituan published a statement emphasizing the importance of fostering a healthy industry ecosystem and resisting disorderly competition, indicating a commitment to fair market practices [1] - Taobao and Ele.me also released a statement focusing on enhancing services to promote healthy competition and stimulate consumer activity, while condemning the practice of selling goods and services at prices significantly below cost, which distorts price signals and disrupts market order [1]

Core Viewpoint - Major companies in the food delivery sector, including Meituan, Taobao, Ele.me, and JD, have united to resist disorderly competition and promote a fair and orderly industry environment, emphasizing mutual benefits and sustainable development [1][2][3] Group 1: Meituan's Commitment - Meituan has pledged to adhere to various laws and regulations, ensuring that subsidy activities do not involve selling goods and services significantly below cost, which distorts price signals and disrupts market order [1] - The company will transparently disclose subsidy information to merchants and consumers, avoiding exaggerated claims about total subsidies [1] - Meituan will not force or indirectly compel merchants to participate in subsidy activities, safeguarding their pricing autonomy [1] - The platform aims to ensure fairness in promotional activities, protecting the interests of small and medium-sized merchants [1] - Meituan is focused on building a win-win ecosystem for consumers, merchants, delivery riders, and platform enterprises [1] Group 2: Taobao and Ele.me's Initiatives - Taobao and Ele.me emphasize the importance of planning subsidies based on consumer and merchant needs, ensuring merchants' rights to be informed, choose, and set prices [2] - The companies are committed to actively resisting malicious competition and irrational promotional activities, such as large-scale "0 yuan purchase" campaigns [2] - They aim to enhance service quality and maintain order in offline operations while fostering a collaborative ecosystem for mutual benefits [2] Group 3: JD's Position - JD has expressed its commitment to standardizing subsidy behaviors and resisting "0 yuan purchase" promotions, which are seen as harmful to the market [3] - The company will maintain a simple and transparent subsidy mechanism, allowing merchants to operate and participate in promotional activities autonomously [3] - JD aims to enhance service quality and promote a healthy ecosystem that benefits consumers, merchants, delivery riders, and the platform [3] Group 4: Market Reaction - Following the announcements on August 1, stock prices for Meituan, Alibaba, and JD saw significant increases, with Meituan rising over 3%, Alibaba over 3%, and JD over 1% during intraday trading [3]

Core Viewpoint - On August 1, major food delivery platforms Meituan, Alibaba, and JD.com experienced stock price increases, with Meituan rising by 2.22%, Alibaba by 2.33%, and JD.com by 1.38%. This surge followed their joint statements calling for the cessation of irrational competition in the industry [1][2][9]. Group 1: Company Statements - Meituan emphasized the need to regulate promotional activities and eliminate unfair competition, aiming to establish a fair and orderly industry environment [2][3]. - Ele.me (part of Alibaba) committed to resisting malicious competition and avoiding large-scale irrational promotional activities like "0 yuan purchase," focusing instead on enhancing service quality and fostering a win-win ecosystem [4][5]. - JD.com reiterated its stance against irrational competition, promising to eliminate "0 yuan purchase" promotions and to create a transparent subsidy mechanism that allows merchants to operate independently [7][8]. Group 2: Market Context - The recent focus on delivery platform subsidies has raised significant public concern, prompting industry associations and merchants to advocate for the end of "0 yuan purchase" promotions, which are seen as detrimental to the market [7][9]. - The collective actions of these companies reflect a broader industry trend towards promoting sustainable competition and protecting the interests of small merchants and consumers [3][4][5].

Core Viewpoint - Major food delivery platforms, including Meituan, Ele.me, and JD.com, have publicly committed to resisting malicious competition and promoting fair promotional practices to establish a healthy industry order and mutual benefits among all parties involved [1][10]. Group 1: Company Commitments - Meituan has pledged to adhere strictly to various laws and regulations, including the Anti-Monopoly Law and the Electronic Commerce Law, ensuring that subsidy activities do not distort market prices or lead to waste [3][4]. - Meituan will transparently disclose subsidy information to merchants and consumers, avoiding exaggerated claims about total subsidies [3]. - The company will not force or indirectly compel merchants to participate in subsidy activities, thereby protecting their pricing autonomy [4]. - Meituan aims to ensure fairness in promotional activities, adhering to a non-discriminatory principle to protect the interests of small and medium-sized merchants [5]. - Ele.me has committed to enhancing service quality and promoting healthy competition based on consumer and merchant needs [6]. - JD.com has also expressed its commitment to standardizing subsidy behaviors and improving service quality to foster a healthy ecosystem in the food delivery industry [8]. Group 2: Market Reactions and Regulatory Context - Following the announcements, Meituan's stock price rose nearly 3%, while Alibaba and JD.com saw increases of over 3% and 1%, respectively [10]. - On July 18, the State Administration for Market Regulation held discussions with Meituan, Ele.me, and JD.com, urging them to comply with relevant laws and to rationally participate in competition [10]. - The competitive landscape has intensified since early this year, with significant investments from major players like JD.com and Alibaba into the food delivery and instant retail markets [11]. Group 3: Industry Challenges - The aggressive subsidy strategies have led to a surge in consumer orders, but they have also distorted the market price system and severely compressed merchant profit margins [15]. - Despite some companies experiencing positive stock performance, the overall stock prices of Alibaba, JD.com, and Meituan have remained weak due to the ongoing subsidy wars [15]. - The phenomenon of "involution" in the industry has prompted calls for the regulation of low-price subsidies to mitigate excessive competition [15][16].

8月1日上午，美团、淘宝、饿了么、京东先后发布声明表示，坚决抵制恶性竞争，坚决规范促销行为， 杜绝不正当竞争行为，推动建立公平有序行业秩序，促进各方互利共赢。 美团在题为《繁荣行业生态，抵制无序竞争》中表示，承诺从自身做起，并积极呼吁行业共同构建良好 生态，促进餐饮服务行业规范健康持续发展。 美团承诺，一是开展补贴活动严格遵守《反垄断法》《反不正当竞争法》《电子商务法》《价格法》 《反食品浪费法》等法律法规，不以显著低于成本的价格销售商品和服务，严重扭曲价格信号，扰乱市 场竞争秩序，造成浪费。二是开展补贴活动依法向商家和消费者公示补贴信息，不对补贴总额进行夸大 宣传。三是不强制或变相强制商家参加补贴活动，切实保障商家自主定价权。四是对商家和消费者遵循 无歧视原则，确保促销补贴活动公平性，不通过选择性补贴伤害中小商户利益。五是积极构建消费者、 商家、外卖骑手和平台企业等多方共赢的良好生态。 淘宝、饿了么在题为《持续提升服务 推动良性竞争 激发消费烟火气》中表示，坚决抵制恶性竞争，合 作促进生态共赢，并承诺将进一步重点做好以下四项工作：一、从消费者和商家需求出发，合理规划发 放补贴。尊重并保障商家参与活动的知情权 ...

Core Viewpoint - Multiple food delivery platforms, including Meituan, Taobao Flash, Ele.me, and JD.com, have issued statements calling for the resistance of disorderly competition in the industry, particularly in response to recent concerns over subsidies [1] Group 1: Industry Statements - Meituan emphasizes the need to standardize promotional behaviors and eliminate unfair competition, aiming to establish a fair and orderly industry environment for mutual benefits [1] - Taobao Flash and Ele.me highlight their commitment to enhancing service and promoting healthy competition, focusing on the integration of physical and service consumption while ensuring transparency and mutual benefits [1] - JD.com stresses the importance of fulfilling both corporate and social responsibilities, advocating for the cessation of "0 yuan purchase" and other aggressive promotional practices to foster a healthy industry ecosystem [1]

Group 1 - The core viewpoint of the reports indicates that the fund is focusing on high-end manufacturing and new productivity sectors, particularly in areas such as power equipment, new energy, computers, electronics, machinery, military industry, and "Internet + AI" [1][2] - As of June 30, the fund's stock position reached 93.27%, with a slight increase from the previous quarter, and Hong Kong stocks accounted for 29.13% of the portfolio [1] - The top ten holdings of the fund are highly concentrated, with the largest positions being Keda Li (9.26%), CATL (9.24%), Tencent Holdings (9.18%), Meituan-W (6.82%), and others, collectively representing 67.64% of the net asset value [1] Group 2 - Positive signals have emerged in certain sectors, particularly in new energy and military industries, indicating signs of recovery [2] - The fund will continue to optimize its portfolio structure, focusing on leading internet companies in the AI sector, as well as computers, electronics, machinery, and high-end manufacturing areas that may experience a turnaround [2]

Core Viewpoint - On August 1, Meituan, Alibaba, and JD.com experienced stock price increases, with Meituan rising by 2.22%, Alibaba by 2.33%, and JD.com by 1.38%. This surge is linked to their collective call to resist disorderly competition in the food delivery market [1][2]. Group 1: Company Responses - Meituan emphasized the importance of establishing a fair and orderly industry environment, pledging to regulate promotional activities and eliminate unfair competition practices [2][3]. - Ele.me, another major player, committed to enhancing service quality and resisting irrational promotional activities like "0 yuan purchase," aiming to foster a cooperative ecosystem [4][5]. - JD.com reiterated its stance against unhealthy competition, promising to standardize subsidy practices and focus on quality and service rather than aggressive discounting strategies [5][6]. Group 2: Industry Context - The food delivery market has seen significant scrutiny regarding subsidy practices, with various industry associations and merchants advocating for an end to "0 yuan purchase" promotions, which are perceived as detrimental to market stability [4][5]. - The collective efforts of these companies aim to create a sustainable business environment that benefits consumers, merchants, and delivery personnel alike, moving the focus from price competition to quality and service [3][5].