MEITUAN(HK:03690) Mei Ri Jing Ji Xin Wen·2025-05-30 10:33Group 1: Industry Overview - JD Group's launch of "JD Takeaway" and a "100 billion subsidy" has intensified competition in the instant retail sector, particularly among Meituan, JD, and Ele.me [1] - Meituan's CEO Wang Xing emphasized that market competition promotes industry development, especially for instant retail, but the "low-quality, low-price" competition is unsustainable in the long term [1][9] - The collective shift towards "quality" as a core strategy among major platforms indicates a move away from price wars to a focus on value competition [1][2] Group 2: Regulatory Environment - In May, regulatory authorities held discussions with food delivery platforms, reflecting a tightening stance against "low-quality, low-price" and "involution" competition [1] Group 3: Company Developments - Meituan's flash purchase service reported a 200% year-on-year increase in transaction volume during the first day of the "618" event, driven by surging demand for instant retail [4] - China National Offshore Oil Corporation (CNOOC) announced the successful launch of the Mero4 project in Brazil, which will enhance overall oil production capacity [5] - Xiaomi clarified that its "Xuanjie O1" chip is not customized from Arm, highlighting its advancements in independent chip development [3] - BYD's blade battery and fast-charging blade battery passed the new national battery standards ahead of schedule, showcasing its leadership in battery safety technology [8] - Changan Automobile appointed two new product CEOs to enhance management in the context of its transition to new energy vehicles [10] - GAC Group partnered with Alibaba Cloud for overseas market expansion, focusing on digital infrastructure and supply chain management [11]