Sou Hu Cai Jing·2025-10-08 10:24Group 1 - The core of the battle has evolved beyond simple food delivery services to a comprehensive ecological confrontation over "instant retail" dominance [3][15] - Alibaba initiated a massive subsidy campaign with a commitment of 50 billion yuan for its Taobao Flash Sale, leading to intense competition with Meituan and JD [2][5] - Meituan's system faced overload due to a surge in orders, with over 120 million orders recorded in one day, highlighting the scale of the competition [2][5] Group 2 - JD's strategy includes a "Double Hundred Plan" with over 10 billion yuan to support quality merchants, intensifying the competitive landscape [2][3] - High-profile subsidies from all three companies have led to significant financial losses projected for the next 12 months: Alibaba's food delivery business may face losses of up to 41 billion yuan, JD 26 billion yuan, and Meituan 25 billion yuan [2][3] - The market share dynamics are shifting towards a potential three-way split among Meituan, Alibaba, and JD, with a projected ratio of 4.5:4.5:1 [5] Group 3 - Regulatory concerns have emerged, with the market regulator urging the three platforms to adhere to e-commerce laws and engage in rational competition [5] - Meituan's CEO expressed concerns about the current order volume being inflated and the need for the industry to return to rationality [5][6] - The competition is characterized by a significant financial commitment, with over 25 billion yuan spent in a single quarter by the three companies [5] Group 4 - The competition extends to the live e-commerce sector, where companies are reflecting on their roles and responsibilities in society [6][8] - The concept of "live commerce for good" is being promoted, emphasizing the need for social responsibility alongside commercial success [8][9] - The evolution of competition in the internet industry is shifting from "traffic distribution" to "data distribution," highlighting the importance of controlling entry points [9][11][13]