Meituan Posts First Loss in Nearly Three Years

Core Insights - The Chinese shopping-and-delivery platform is aggressively offering discounts to attract customers, which is seen as a necessary strategy to defend its market share against competitors like Alibaba's Ele.me and JD.com [1] Company Strategy - The platform's discounting strategy is aimed at increasing customer acquisition and retention in a highly competitive market [1] Competitive Landscape - The competitive pressure from Alibaba's Ele.me and JD.com is significant, prompting the platform to enhance its promotional efforts to maintain its position in the market [1]