MEITUAN(HK:03690) Xin Lang Cai Jing·2026-01-09 23:50Core Viewpoint - The State Administration for Market Regulation of China has announced an investigation into the competitive landscape of the food delivery platform service industry, with major platforms expressing their support and commitment to cooperate with the investigation [1][2][3]. Group 1: Company Responses - Meituan has publicly stated its support for the investigation and aims to use this opportunity to collaborate with other platforms to fulfill market responsibilities and promote fair competition [1]. - Taobao Shanguo emphasized the importance of fair competition as a core principle of market economy and expressed its commitment to cooperate with the investigation while enhancing service quality [1]. - JD.com also expressed strong support for the investigation, advocating for fair competition and the protection of consumer and operator rights, while focusing on high-quality development in the food delivery sector [2]. Group 2: Industry Context - The investigation comes amid ongoing issues in the food delivery industry, including aggressive subsidy wars and price competition, which have been criticized for harming the real economy and intensifying "involution" competition [3]. - Despite previous regulatory discussions aimed at fostering fair competition, the competitive dynamics among platforms remain intense, with ongoing market battles and subsidy strategies [2]. - The investigation will involve various methods such as on-site verification, interviews, and surveys to gather comprehensive insights into competitive behaviors and stakeholder opinions within the industry [3].