Mei Ri Jing Ji Xin Wen·2025-11-28 13:00Core Viewpoint - The CEO of Meituan, Wang Xing, reiterated the company's stance against the unsustainable price war in the food delivery industry, emphasizing that it does not create value for the sector and is a form of low-quality competition [2]. Group 1: Financial Performance - Meituan reported a revenue of 95.5 billion yuan for the third quarter, representing a year-on-year growth of 2% [3]. - The core local commerce segment generated a revenue of 67.4 billion yuan, but due to competition in the food delivery sector, the operating profit turned negative, resulting in a loss of 14.1 billion yuan [3]. Group 2: Market Strategy - The company plans to increase investments in rider rights protection and support for small and medium-sized merchants to promote long-term healthy development in the industry [2]. - Wang Xing indicated that losses in the instant retail business have peaked in the third quarter, but significant losses are expected to continue in the near term [2]. - Meituan aims to maintain its competitive edge without engaging in price wars, adjusting its investment strategy based on market competition dynamics [2]. Group 3: Market Position - Meituan's market share in food delivery orders is steadily recovering, with the company leading in the mid-to-high price order segment [2]. - In the market for orders over 15 yuan, Meituan holds more than two-thirds of the market share, and for orders over 30 yuan, it accounts for over 70% [2].