Core Viewpoint - Meituan is expanding its instant retail business through its Xiaoxiang supermarket, aiming to enhance delivery efficiency and optimize supply chain digitalization to provide faster and more refined services to consumers [2][10]. Group 1: Business Expansion - Xiaoxiang supermarket will expand its coverage to all first- and second-tier cities and plans to cover 200 high-quality county-level agricultural areas in China, such as Shouguang and Enshi, to offer more diverse and distinctive fresh food products [2]. - The overseas version of Xiaoxiang supermarket, Keemart, is set to launch in Riyadh, Saudi Arabia, in June 2025, with plans for further regional expansion [2]. Group 2: Market Dynamics - The instant retail market in China has seen significant growth, with order volume increasing from 4.6 billion in 2016 to 21 billion in 2020, and the user base growing from 124 million to 506 million during the same period, reflecting a compound annual growth rate of 46% [3]. - Despite the rapid growth, the overall profitability of the industry remains concerning, with Dingdong Maicai reporting a net profit margin of only 0.1% in Q1 2025, while Xiaoxiang supermarket is currently operating at a loss [3][9]. Group 3: Cost Challenges - Cost differences are a core issue affecting profitability in the industry, with delivery costs for Dada Express at 4.3 yuan per order compared to 12.7 yuan for Dingdong Maicai, primarily due to differences in business models and delivery efficiency [6]. Group 4: Strategic Focus - The instant retail market is shifting from rapid expansion to a focus on comprehensive service capabilities, as seen in Xiaoxiang supermarket's strategy of optimizing supply chains through direct sourcing and digital enhancements [9]. - The future of instant retail hinges on three key variables: technological breakthroughs, innovative business models, and changes in consumer habits, with companies exploring various paths to achieve efficiency and scale [10].

Core Viewpoint - Meituan's preferential business has abruptly ceased operations in most regions, indicating a significant shift in strategy and a reevaluation of its community group buying model [2][17][18]. Business Operations - Meituan has closed warehouses nationwide, retaining operations only in a few cities such as Hangzhou, Foshan, Dongguan, and Huizhou [2][13]. - Suppliers have been instructed to retrieve their goods within 3 to 5 days, with compensation for transportation and perishable goods losses provided by Meituan [13][15]. Strategic Shift - The closure of Meituan's preferential business marks the end of its nationwide expansion efforts, as the company refocuses on optimizing its supply chain and resources in advantageous areas [17][18]. - Meituan has announced a pivot towards instant retail, aiming to enhance retail quality and efficiency [17][21]. Financial Performance - Meituan's new business segment has incurred substantial losses, with cumulative losses reaching 111.8 billion yuan from 2019 to 2024, with Meituan's preferential business being a major contributor [20]. - The company has shifted its strategic focus from expansion to loss reduction and efficiency improvement, indicating a decrease in subsidies for the preferential business [20]. Competitive Landscape - The community group buying model has faced challenges, including low profitability in fresh produce and competition from platforms like Pinduoduo, which has established a price advantage [19][20]. - Competitors such as Taobao and JD.com are rapidly expanding their instant retail and local services, increasing pressure on Meituan to adapt [21][23].

Core Viewpoint - The article highlights the impact of Meituan's decision to shut down its community group buying service, which has significant implications for individuals like Lao Shen, who relied on this business for income and social connection [2][28]. Group 1: Company Actions - Meituan announced the abrupt closure of its community group buying service, affecting many local operators across the country [3][28]. - The decision to terminate the service was not officially communicated, leading to confusion among operators [4][32]. - The closure reflects a broader trend in the industry where community group buying has become a financial burden for companies, prompting them to scale back or exit the market [27][28]. Group 2: Individual Impact - Lao Shen, a 70-year-old community group buying operator, suddenly lost his income source and identity as a group leader due to the service shutdown [3][29]. - The community group buying business provided Lao Shen with a sense of purpose and social interaction, especially after the loss of his wife [15][27]. - The closure of Meituan's service left many operators, including Lao Shen, feeling "unemployed" and uncertain about their future [29][32]. Group 3: Industry Context - The community group buying sector is characterized by intense competition and reliance on user traffic, making it a challenging environment for sustainability [27]. - The article suggests that the remaining players in the community group buying space, like Duoduo Maicai, may not be as appealing to older operators due to lower commission rates [34]. - The rapid changes in the industry, including sudden service closures, highlight the volatility and risks associated with community group buying as a business model [28][32].

近年来，伴随社交媒体裂变式扩散与消费升级，"颜值经济"呈爆发式增长。其中，改善塑形项目因其微 创和即时见效越来越受到青睐。 据美团数据统计，2025年，中国医美市场规模已突破千亿大关，年服务人次超过2600万，轻医美渗透率 从2019年的边缘角色跃升为行业主流。 然而，在行业高速发展的背后，市场信息杂乱、机构过度营销、效果无法保障等常见痛点，还是让消费 者从决策到售后的每个环节都充满了担忧。 "都说医美行业水很深，就算是大医院、名机构，也有很多失败的案例和不靠谱的医生。"一位经常做医 美项目的求美者小婷告诉观察者网，其每次在做新项目前都会在各大平台搜索相关医院和医生的过往案 例，但触目惊心的维权帖总让她陷入选择焦虑。 更令人担忧的是，就连业内人士也对行业现状心存芥蒂。前医美从业者琦琦坦言："可能是因为曾在医 美机构工作过，知道里面的医生技术参差不齐，所以更不敢轻易尝试。如果要做的话，更倾向于找行业 内朋友进行推荐。" 当颜值焦虑催生千亿市场，而求美之心却遭遇信任危机时，不禁要问：这个光鲜亮丽的行业何时才能建 立起让消费者放心的透明机制？从医疗机构到执业医师，从第三方平台到行业联盟，又能做些什么让求 美者真正实 ...

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 【巨头风向标】 饿了么、飞猪并入阿里中国电商事业群，两公司CEO均向蒋凡汇报 阿里巴巴集团CEO吴泳铭发布全员邮件，宣布即日起，饿了么、飞猪合并入阿里中国电商事业群。范禹 继续担任饿了么董事长兼CEO，向蒋凡汇报。南天继续担任飞猪CEO，向蒋凡汇报。饿了么飞猪继续保 持公司化管理模式，业务决策执行上与中国电商事业群集中目标、统一作战。 何猷君接手王思聪旗下寰聚商业，担任董事长 天眼查App显示，6月19日，北京寰聚商业管理有限公司发生工商变更，王思聪间接持股的杭州艾亢企 业管理有限公司、杭州杯盏商业管理有限公司、九桓置业发展（北京）有限公司退出股东行列，新增何 猷君名下武汉星竞威武文体发展有限公司以及海南思桓投资有限公司、武汉市兴华羽网络科技有限公 司、杭州梦芒文化科技有限公司为股东；同时多位高管发生变更，新增何猷君为董事长。（潇湘晨报） 胖东来深夜回应将关闭多家门店 6月23日晚间，胖东来深夜通过社交账号发文，回应"关闭多家门店"。胖东来回应称："2025年 ...

Core Viewpoint - Meituan announced the closure of its Meituan Youxuan in certain regions due to ongoing losses and lack of profitability, which negatively impacts its core business [1][2][3] Financial Performance - As of December 31, 2024, Meituan's core local business revenue reached 52.42 billion RMB, accounting for 20.9% of total revenue, with a profit margin of 29.9% [3] - New business losses amounted to 7.27 billion RMB, representing a loss rate of 8.3%, with total losses in the new business segment decreasing from 20.2 billion RMB in 2023 to 7.3 billion RMB [5][3] Strategic Focus - The company aims to maintain its dominance in the domestic food delivery market while exploring global expansion opportunities [13] - The rapid growth of instant retail is seen as a critical area for future development, with a focus on cost-effectiveness to compete with mainstream e-commerce [16][17] Market Dynamics - The competition from JD.com and Alibaba has intensified, prompting Meituan to increase its investment in response to market pressures [14][15] - The clash between community group buying and instant retail has led to internal conflicts within Meituan, detracting from its core business [12] Future Outlook - Meituan plans to leverage the advantages gained from Meituan Youxuan in supply chain integration with instant retail, potentially transforming its role in the market [18]

Core Insights - The Chinese internet industry is experiencing a strategic confrontation, with major players like JD.com, Alibaba, and Meituan making significant moves in the local lifestyle service market [2][11] - Alibaba's restructuring, which integrates Ele.me and Fliggy into its China e-commerce business group, signifies a shift from traditional e-commerce to a broader consumer platform strategy [5][6] Group 1: Company Strategies - JD.com announced that its food delivery service has surpassed 25 million daily orders, while also entering the hotel and travel market [2][13] - Alibaba's integration of Ele.me and Fliggy aims to enhance synergy within its e-commerce ecosystem, allowing for better collaboration between instant delivery and retail services [5][11] - Meituan is expanding its instant retail offerings, including a comprehensive upgrade of its retail categories and international market exploration [2][11] Group 2: Market Dynamics - The local lifestyle service market in China is projected to grow significantly, with online penetration expected to rise from 12.7% in 2021 to 30.8% by 2025, reaching an estimated market size of 35.3 trillion yuan [2][11] - The competition in the local lifestyle sector is intensifying, with Alibaba, JD.com, and other platforms like Douyin vying for market share through differentiated strategies [6][14] - The integration of Ele.me and Fliggy is seen as a long-term strategic move to enhance Alibaba's competitive edge against rivals in the local lifestyle and instant retail sectors [11][14] Group 3: Financial Performance - In the fourth quarter of fiscal year 2025, Alibaba's Taobao and Tmall group reported revenue of 101.37 billion yuan, a 9% increase year-over-year, while its international digital commerce group saw a 22% revenue growth [4] - The rapid growth of Taobao's flash purchase service, which has surpassed 60 million daily orders in collaboration with Ele.me, indicates a strong performance in the instant retail segment [11]

Core Viewpoint - Meituan is expanding its instant retail business to enhance the quality and upgrade of retail new formats, focusing on a model that delivers goods within 30 minutes of online ordering [2][3]. Group 1: Business Strategy - Meituan has been focusing on a "retail + technology" strategy, developing various business models such as Meituan Flash Purchase, Little Elephant Supermarket, and Meituan Preferred [2]. - The company has built a new supply chain system utilizing digital technology, including direct sourcing for fresh groceries, cold chain logistics, and instant retail warehouses [2][4]. - Meituan Flash Purchase collaborates with nearly one million physical stores, transforming the shopping experience from waiting for delivery to receiving goods within 30 minutes [2][3]. Group 2: Market Performance - During the recent "618" shopping festival, nearly one million physical stores using Meituan Flash Purchase attracted over 100 million customers, with overall mobile transaction volume doubling year-on-year [2]. - Categories such as smart devices and liquor saw significant growth, with smart devices increasing over six times and liquor sales growing over 10% year-on-year [2]. Group 3: Industry Insights - Experts believe that instant retail has proven to be a sustainable and promising business model, capable of synergizing with food delivery and B2C e-commerce [3]. - The integration of instant retail platforms like Meituan Flash Purchase allows local retail and economy to benefit from online promotions, converting traffic into business growth [3]. - The development of supply chains and infrastructure is enhancing community retail, marking a new growth phase for instant retail deeply embedded in urban communities [3][4]. Group 4: Future Plans - Meituan Flash Purchase plans to continue expanding its product categories and optimize experiences in areas such as 3C electronics, fresh food, and beverages [4]. - Meituan Preferred will leverage its established supply chain and distribution network to focus on advantageous regions and explore new community retail formats [4]. - The expansion into instant retail signifies Meituan's shift towards a "full-scenario retail ecosystem," covering a wide range of consumer needs from low-frequency, low-ticket items to high-ticket categories [4].

Core Insights - Meituan's preferential service has suddenly suspended operations in certain regions, indicating a strategic shift rather than a complete shutdown [1][2][4] - The company aims to leverage its existing supply chain and logistics network to explore new retail models, particularly focusing on instant retail and community retail [4][5] Group 1: Service Suspension - Meituan's preferential service was unexpectedly halted on June 23, with a notice indicating a "partial business adjustment" [1] - The service suspension affected multiple regions, leading to confusion among users and suppliers [2] - Meituan representatives clarified that the service is not entirely closed but is part of a strategic transformation [2][4] Group 2: Strategic Shift - The company plans to expand its instant retail operations and enhance its small elephant supermarket initiative, aiming for a strategic upgrade of Meituan's preferential service [4] - Meituan will utilize its established supply chain and distribution network to explore a "next-day delivery + self-pickup" model, focusing on fresh food and grocery supply chains [4] - The shift towards instant retail is seen as a response to the competitive landscape, where companies like JD, Taobao, and others are also entering the instant retail space [4][5] Group 3: Industry Context - The community group buying sector has faced significant challenges, with many companies either shutting down or pivoting their business models [5] - Meituan's preferential service is adjusting its pricing strategy to improve profitability while reducing subsidies and focusing on core competencies [5] - Competitors like Duoduo Maicai are also adapting by introducing instant delivery options, indicating a broader trend in the industry towards more efficient delivery models [5]

618刚刚结束之际，阿里巴巴再度出手。 6月23日，阿里巴巴集团CEO吴泳铭通过全员邮件宣布，即日起，饿了么、飞猪合并入阿里中国电商事 业群，两家公司将继续保持公司化管理模式，但在业务执行上与中国电商事业群集中目标、统一"作 战"，推动即时零售与"本地生活+旅游"服务的深度融合。 同日，美团发布文称，将全面拓展即时零售。其中，小象超市将逐步拓展到所有一二线城市，并在供应 链上逐步覆盖全国200个优质县级农产区，如寿光、恩施、南通、惠州、张北等。 美团闪购也将继续拓展品类，如3C家电、生鲜食品、酒水饮料、快消日百等，优化消费者购物体验。 当补贴红利逐渐褪去，各大电商平台从靠低价吸客，转向夯实运营体系和供应链，促涨即时零售这个第 二增长曲线。平台间的竞争正在由流量、价格之争转变为运营系统的较量。 这一系列动作，预示着即时零售之战已进入新阶段，各大电商平台已着手调整长期战略，聚焦即时零售 领域的营收。目前，美团已率先在外卖所属的本地商业分部稳定盈利，阿里巴巴的本地生活服务也在 2025年第一季度获得收入增长。 "阿里巴巴对于各类商业形态的探索其实一直都没有变过，包括一些涵盖线上线下的比较复杂的形态。 即使投资人过去 ...