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].

光伏板块走强 盘中，光伏概念走强。捷佳伟创20cm涨停，文科股份二连板，海优新材、杉杉股份、帝尔激光、迈为股份等均大涨。 美团港股盘中拉升，美团、京东突然发文 。临近午间， 港股英诺赛科突然直线拉升，涨幅迅速扩大至逾30%。 8月1日早盘，A股三大指数维持震荡格局。截至午间收盘，沪指跌0.19%，深证成指跌0.15%，创业板指跌0.16%。 盘面上，光伏概念走强，捷佳伟创20cm涨停；辅助生殖概念再度走强，利德曼20cm涨停；创新药概念持续活跃，昂利康二连板；仓储物流板块走强，申 通快递、韵达股份等涨停。有机硅概念、造纸板块、环保板块等涨幅居前；互联网、旅游、船舶、CPO概念等跌幅居前。 港股英诺赛科盘中快速拉升，涨幅扩大至30%。消息面上，8月1日，英伟达（NVIDIA）官网更新800V直流电源架构合作商名录，英诺赛科是本次入选英 伟达合作伙伴中唯一的中国芯片企业。这意味着双方正式达成深度合作，双方将携手推动800V直流（800 VDC）电源架构在AI数据中心的规模化应用。 消息面上，据IDC最新预测，到2029年全球机器人市场规模将超过4000亿美元。其中，中国市场占据近半份额，并以近15%的复合增长率位 ...

Group 1 - Multiple platforms including Meituan, Taobao, Ele.me, and JD have issued statements committing to "regulating promotions" and implementing measures to limit subsidy behaviors [1][6] - The platforms have pledged to enhance services and promote healthy competition, with Meituan emphasizing "prospering the industry ecosystem" and resisting disorderly competition [1][6] - Following a recent regulatory meeting, platforms have shown varying degrees of marketing contraction, yet large subsidies like zero-yuan purchases and one-cent purchases continue, with merchants bearing about 70% of the subsidy costs [6][10] Group 2 - Recent commentary from major media outlets highlights that the ongoing price war in the food delivery sector is a "stock game" that fails to generate new consumer demand, leading to profit difficulties for platforms and merchants [6][10] - The upcoming "Liqiu War" (立秋大战) is anticipated to be a significant promotional period for milk tea deliveries, with platforms collectively emphasizing anti-involution policies ahead of this event [6][10] - Following the platforms' statements, the stock market reacted positively, with Meituan's stock rising by 2.22%, Alibaba's by 2.33%, and JD's by 1.38% [10]

Core Viewpoint - Major food delivery platforms including Meituan, JD.com, Ele.me, and Taobao Shanguo have jointly expressed their commitment to resisting disorderly competition and promoting a fair and orderly industry environment [1][3][5]. Group 1: Company Commitments - Meituan emphasizes the importance of regulating promotional activities and eliminating unfair competition, aiming to foster a mutually beneficial ecosystem within the food service industry [1]. - JD.com calls for an end to "0 yuan purchase" and similar promotional practices, advocating for a healthy industry ecosystem that supports win-win development [3]. - Ele.me and Taobao Shanguo plan to enhance the integration of physical and service consumption while promoting technological upgrades and business innovation [5]. Group 2: Specific Measures - Meituan commits to not selling goods and services at prices significantly below cost, which distorts price signals and disrupts market competition [7]. - The company will ensure transparency in subsidy activities, protecting merchants' pricing autonomy and adhering to non-discriminatory principles [7][8]. - JD.com aims to build core competitiveness through differentiated specialty dishes and improved service quality, leveraging technology and supply chain innovation [7]. Group 3: Regulatory Context - The State Administration for Market Regulation previously held discussions with Meituan, JD.com, and Ele.me, urging them to comply with laws and regulations while rationally participating in competition [9]. - In May, the regulatory body had already addressed prominent issues in the food delivery industry, indicating ongoing scrutiny of competitive practices [9].

Core Viewpoint - Major food delivery platforms including Meituan, Taobao, Ele.me, and JD.com have collectively announced commitments to regulate promotions and limit subsidy behaviors, aiming to establish a fair and orderly industry environment [1][3][4]. Group 1: Industry Response - On August 1, Meituan, Taobao, Ele.me, and JD.com released statements emphasizing the need to avoid selling goods and services at prices significantly below cost, which distorts price signals and disrupts market competition [3][4]. - Meituan highlighted five commitments to regulate promotional activities, including transparency in subsidy information and ensuring fair treatment of merchants [3][4]. - Taobao and Ele.me plan to focus on rational subsidy distribution, resist unhealthy competition, and enhance service quality [4]. Group 2: Upcoming Marketing Events - The upcoming "Autumn Battle" on August 7, coinciding with the traditional promotion period for milk tea, is seen as a critical time for observing the platforms' actual marketing strategies [6][10]. - Taobao has already initiated its promotional activities by inviting a celebrity to endorse its "first cup of milk tea" campaign, marking a significant marketing effort ahead of the competition [6]. Group 3: Regulatory Context - The State Administration for Market Regulation previously held discussions with major platforms, urging them to comply with relevant laws and promote healthy competition [12]. - Following these discussions, there has been a noticeable contraction in marketing activities, although some forms of substantial subsidies continue to persist [12].

【导读】8月1日，美团、淘宝闪购、饿了么、京东等外卖平台同时发文，表示坚决抵制恶性竞争，规范补贴行为 见习记者夏天 8月1日，美团、淘宝闪购、饿了么、京东等外卖平台同时发文，表示坚决抵制恶性竞争，规范补贴行为。 美团10点08分发文《繁荣行业生态，抵制无序竞争》，其在文中承诺：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。 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。倾听广大商户意见，降低商户经营成本，从"比价格"回归"比品质""比服务"， 促进外卖和堂食平衡发展，构建理性可持续的商业环境，努力提高骑手权益保障水平，避免骑手收入大起大 ...

【导读】8月1日，美团、淘宝闪购、饿了么、京东等外卖平台同时发文，表示坚决 抵制恶性 竞争，规范补贴行为 见习记者 夏天 8月1日， 美团、淘宝闪购、饿了么、京东等 外卖平台同时发文，表示坚决 抵制恶性竞争， 规范补贴行为 。 美团10点 0 8分发文《繁荣行业生态，抵制无序竞争》，其在文中承诺：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。 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。倾听广大商户意 见，降低商户经营成本，从"比价格"回归"比品质""比服务"，促进外卖和堂食平衡发展，构 建理性可持续的商业环境，努力提高骑手权 ...

Core Viewpoint - The recent focus on delivery platform subsidies has prompted Meituan and other companies to commit to establishing a fair and orderly industry environment, promoting mutual benefits and sustainable development in the food service sector [2][8]. Group 1: Meituan's Initiatives - Meituan has outlined five measures to regulate promotional activities, including strict adherence to relevant laws such as the Anti-Monopoly Law and the Anti-Unfair Competition Law [2]. - The company will ensure transparency by publicly disclosing subsidy information to merchants and consumers without exaggerating the total subsidy amount [2]. - Meituan will not force or indirectly compel merchants to participate in subsidy activities, thereby safeguarding their pricing autonomy [2]. - The company commits to non-discriminatory practices for merchants and consumers, ensuring fairness in promotional activities and protecting the interests of small merchants [2]. - Meituan aims to create a win-win ecosystem involving consumers, merchants, delivery riders, and platform enterprises, focusing on quality and service rather than just price competition [2]. Group 2: Other Platforms' Commitments - Taobao and Ele.me have pledged to enhance service quality and promote healthy competition by planning subsidies based on consumer and merchant needs, while respecting merchants' rights [5]. - They will actively resist malicious competition and irrational promotional activities, ensuring that merchants' earnings and market operations are respected [5][8]. - JD's delivery service has also committed to standardizing subsidy behaviors and resisting "0 yuan purchase" promotions, focusing on quality and service differentiation [8]. - All platforms emphasize the importance of improving service quality and consumer experience while promoting responsible consumption and reducing food waste [8][9]. Group 3: Regulatory Context - The State Administration for Market Regulation has urged Meituan, Ele.me, and JD to comply with laws such as the Electronic Commerce Law and the Anti-Unfair Competition Law, emphasizing the need for rational competition and a healthy industry ecosystem [11].

Core Viewpoint - Major food delivery platforms, including Meituan, Ele.me, and Taobao Flash Purchase, have publicly announced their intention to resist "involution-style" competition, emphasizing the need for fair and orderly industry practices [1] Group 1: Company Actions - Meituan has expressed its commitment to regulate promotional activities and eliminate unfair competition, aiming to establish a fair and orderly industry environment that promotes mutual benefits [1] - Ele.me and Taobao Flash Purchase have also committed to enhancing the integration of physical and service consumption, while promoting technological upgrades and business innovation [1] Group 2: Industry Goals - The companies collectively aim to build a fair and transparent mechanism that ensures profitability for merchants and avoids irrational promotional activities such as large-scale "zero-yuan purchases" [1]

Core Viewpoint - The recent focus on delivery platform subsidies has prompted Meituan to commit to regulating promotional activities and eliminating unfair competition, aiming to establish a fair and orderly industry environment for mutual benefit and win-win outcomes [3][12]. Group 1: Meituan's Initiatives - Meituan proposes five measures to combat "involution-style" competition, emphasizing the need for a collaborative approach with all stakeholders [3]. - The company will strictly adhere to laws such as the Anti-Monopoly Law and the Anti-Unfair Competition Law when conducting subsidy activities, avoiding sales below cost that distort market signals [4]. - Meituan commits to transparently disclosing subsidy information to merchants and consumers without exaggerating the total subsidy amount [4]. - The company will not force or indirectly compel merchants to participate in subsidy activities, ensuring merchants' autonomy in pricing [4]. - Meituan aims to create a win-win ecosystem involving consumers, merchants, delivery riders, and platform enterprises, focusing on quality and service over price competition [4]. Group 2: Other Platforms' Responses - Taobao and Ele.me emphasize the importance of planning subsidies based on consumer and merchant needs, ensuring merchants' rights to know, choose, and set prices [6]. - They pledge to resist malicious competition and avoid irrational promotional activities like "0 yuan purchase," while enhancing service quality and consumer experience [6][7]. - JD.com also commits to standardizing subsidy behaviors and resisting unfair competition, focusing on quality and service rather than subsidies [9][10]. - The company aims to provide various incentives to merchants and improve delivery riders' welfare, fostering a positive ecosystem for all parties involved [10]. Group 3: Regulatory Context - The State Administration for Market Regulation has recently called on major platforms like Meituan, Ele.me, and JD.com to comply with relevant laws and regulations, promoting rational competition and a healthy industry ecosystem [12].