智通财经网·2025-11-26 02:56Core Viewpoint - Meituan-W (03690) experienced a significant stock price increase, rising nearly 7% in early trading, with a current price of 104 HKD and a trading volume of 7.823 billion HKD [1] Group 1: Company Developments - Alibaba Group's CFO Xu Hong announced during the Q3 earnings call that investments in Taobao Flash Sales will peak in the September quarter, indicating a potential "temporary truce" in competitive spending [1] - Meituan plans to hold a board meeting on November 28 to approve quarterly results, with expectations that Meituan's food delivery business losses will peak in the current quarter [1] Group 2: Market Analysis - Analysts from CITIC Securities predict that competition in the food delivery sector has eased since Q4, leading to a rationalization of subsidies and a recovery in Meituan's market share in food delivery [1] - Long-term prospects for Meituan's food delivery business overseas are promising, with potential for significant profit growth, which could enhance Meituan's valuation flexibility [1]