Core Viewpoint - Major companies in the food delivery industry, including Meituan, Taobao, Ele.me, and JD, have collectively committed to resisting malicious competition and promoting fair promotional practices to establish a healthy industry ecosystem and mutual benefits for all parties involved [1][2][3] Group 1: Meituan's Commitment - Meituan emphasizes the importance of adhering to various laws and regulations, including the Anti-Monopoly Law and the Anti-Unfair Competition Law, to avoid selling goods and services at prices significantly below cost, which distorts market signals and disrupts competition [1] - The company pledges to transparently disclose subsidy information to merchants and consumers without exaggerating the total amount of subsidies [1] - Meituan will not force or indirectly compel merchants to participate in subsidy activities, ensuring merchants' autonomy in pricing [1] - The company commits to non-discriminatory practices for merchants and consumers, ensuring fairness in promotional subsidy activities and protecting the interests of small and medium-sized businesses [1] - Meituan aims to create a win-win ecosystem involving consumers, merchants, delivery riders, and platform enterprises [1] Group 2: Taobao and Ele.me's Initiatives - Taobao and Ele.me focus on enhancing service quality and promoting healthy competition by planning subsidies based on consumer and merchant needs, while respecting merchants' rights to information, choice, and pricing [2] - The companies will actively resist malicious competition and irrational promotional activities, such as large-scale "0 yuan purchase" campaigns, to stimulate market consumption potential and innovation [2] - They are committed to improving service quality and fostering a collaborative ecosystem that addresses core issues like merchant participation, product quality, and rider rights through a feedback system [2] Group 3: JD's Position - JD expresses its commitment to regulating subsidy behaviors and resisting harmful competition, particularly against "0 yuan purchase" promotions, to avoid creating market bubbles [3] - The company aims to establish a simple and transparent subsidy mechanism, ensuring that merchants can operate independently and participate in promotional activities voluntarily [3] - JD emphasizes the importance of enhancing service quality and creating a mutually beneficial ecosystem for consumers, merchants, riders, and platforms [3] Group 4: Market Reaction - Following the announcements on August 1, stock prices for Meituan, Alibaba, and JD saw increases, with Meituan rising nearly 3%, Alibaba over 3%, and JD more than 1% during intraday trading [3]

Core Viewpoint - Multiple food delivery platforms have expressed their commitment to combatting disorderly competition, leading to a rise in stock prices for Meituan and Alibaba, which saw an increase of over 3% during trading [1] Group 1: Company Statements - Meituan published a statement titled "Prospering Industry Ecology, Resisting Disorderly Competition," emphasizing the need to avoid selling goods and services at prices significantly below cost, which distorts price signals and disrupts market order [1] - Alibaba's Taobao Shangu and Ele.me issued a joint statement focusing on enhancing services to promote healthy competition and stimulate consumer activity [1] - JD.com also released a statement highlighting its commitment to fulfilling both corporate and social responsibilities to build a healthy ecosystem within the food delivery industry [1] Group 2: Industry Implications - The collective statements from these companies indicate a unified stance against predatory pricing practices that lead to market waste and unhealthy competition [1] - The emphasis on responsible pricing and competition is expected to foster a more sustainable market environment for the food delivery sector [1]

【导读】8月1日，美团、淘宝闪购、饿了么、京东等外卖平台同时发文，表示坚决抵制恶性竞争，规范补贴行为 见习记者夏天 8月1日，美团、淘宝闪购、饿了么、京东等外卖平台同时发文，表示坚决抵制恶性竞争，规范补贴行为。 美团10点08分发文《繁荣行业生态，抵制无序竞争》，其在文中承诺：从自身做起，并积极呼吁行业共同构建良好生态，促进餐饮服务行业规范健康持续 发展。 一是开展补贴活动严格遵守《反垄断法》《反不正当竞争法》《电子商务法》《价格法》《反食品浪费法》等法律法规，不以显著低于成本的价格销售商 品和服务，严重扭曲价格信号，扰乱市场竞争秩序，造成浪费。 二是开展补贴活动依法向商家和消费者公示补贴信息，不对补贴总额进行夸大宣传。 三是不强制或变相强制商家参加补贴活动，切实保障商家自主定价权。 四是对商家和消费者遵循无歧视原则，确保促销补贴活动公平性，不通过选择性补贴伤害中小商户利益。 五是积极构建消费者、商家、外卖骑手和平台企业等多方共赢的良好生态。倾听广大商户意见，降低商户经营成本，从"比价格"回归"比品质""比服务"， 促进外卖和堂食平衡发展，构建理性可持续的商业环境，努力提高骑手权益保障水平，避免骑手收入大起大 ...

【导读】8月1日，美团、淘宝闪购、饿了么、京东等外卖平台同时发文，表示坚决 抵制恶性 竞争，规范补贴行为 见习记者 夏天 8月1日， 美团、淘宝闪购、饿了么、京东等 外卖平台同时发文，表示坚决 抵制恶性竞争， 规范补贴行为 。 美团10点 0 8分发文《繁荣行业生态，抵制无序竞争》，其在文中承诺：从自身做起，并积 极呼吁行业共同构建良好生态，促进餐饮服务行业规范健康持续发展。 一是开展补贴活动严格遵守《 反垄断法》《反不正当竞争法》《电子商务法》《价格法》 《反食品浪费法 》等法律法规，不以显著低于成本的价格销售商品和服务，严重扭曲价格信 号，扰乱市场竞争秩序，造成浪费。 二是开展补贴活动依法向商家和消费者公示补贴信息，不对补贴总额进行夸大宣传。 三是不强制或变相强制商家参加补贴活动，切实保障商家自主定价权。 四是对商家和消费者遵循无歧视原则，确保促销补贴活动公平性，不通过选择性补贴伤害中 小商户利益。 五是积极构建消费者、商家、外卖骑手和平台企业等多方共赢的良好生态。倾听广大商户意 见，降低商户经营成本，从"比价格"回归"比品质""比服务"，促进外卖和堂食平衡发展，构 建理性可持续的商业环境，努力提高骑手权 ...

同时，美团承诺从自身做起，并积极呼吁行业共同构建良好生态，促进餐饮服务行业规范健康持续发展。 具体 如下： 8月1日， 美团发文《繁荣行业生态，抵制无序竞争》，淘宝闪购及饿了么发文《持续提升服务 推动良性竞争 激 发消费烟火气》，京东发文 《 践行主体责任和社会责任 共建外卖行业健康生态 》 。 文章 先后提及，不以显著 低于成本的价格销售商品和服务，严重扭曲价格信号，扰乱市场竞争秩序，造成浪费。坚决抵制恶性竞争。 美团发文《繁荣行业生态，抵制无序竞争》称，外卖平台补贴近日引发社会高度关注，美团对此高度重视，将坚决 规范促销行为，杜绝不正当竞争行为，推动建立公平有序行业秩序，促进各方互利共赢。 同日，淘宝闪购及饿了么联合发文，称坚决抵制恶性竞争，合作促进生态共赢，并承诺将进一步重点做好以下四项 工作： 同日，"京东黑板报"也发文称，近期，外卖行业补贴引发社会广泛关注，不少行业协会、商家发声，希望停止"0 元购"等内卷式补贴促销行为，构建良好行业生态，实现多方互利共赢良性发展。 京东承诺： 一、规范补贴行为。 京东外卖将继续坚持反内卷立场，坚决杜绝不正当竞争，抵制"0元购"等恶性补贴，绝不以 冲单量体现市场地位 ...

Core Points - Recent social concerns regarding subsidies from food delivery platforms have prompted Meituan to publish a statement advocating for a healthy industry ecosystem and resisting disorderly competition [1] - Meituan and other platforms like Taobao and Ele.me emphasize the negative impact of selling goods and services significantly below cost, which distorts price signals and disrupts market order [1] Group 1: Meituan's Commitment - Meituan has committed to regulating promotional activities and eliminating unfair competition to foster a fair and orderly industry environment [1] - The core commitments include strict adherence to various laws such as the Anti-Monopoly Law, Anti-Unfair Competition Law, E-Commerce Law, Price Law, and Anti-Food Waste Law [1] - Meituan will not sell goods and services at prices significantly below cost to avoid market disruption and waste [1] Group 2: Transparency and Fairness - The company will legally disclose subsidy information and avoid exaggerating the total amount of subsidies [1] - Meituan will not force or indirectly compel merchants to participate in subsidy activities, ensuring merchants' autonomy in pricing [1] - The platform will adhere to a non-discrimination principle for both merchants and consumers, avoiding selective subsidies that harm small and medium-sized businesses [1] Group 3: Sustainable Development - Meituan aims to create a win-win ecosystem for consumers, merchants, delivery personnel, and the platform by reducing merchant operating costs [1] - The focus will shift from price competition to quality and service competition, balancing the development of food delivery and dine-in services, and enhancing the rights and protections of delivery personnel [1]

与此同时，饿了么、淘宝闪购同步发文《持续提升服务 推动良性竞争 激发消费烟火气》表示，将进一步重点做好以下四项工作：从消费者和商家需求出 发，合理规划发放补贴；坚决抵制恶性竞争；持续提升服务质量；合作促进生态共赢。 以下为美团《繁荣行业生态，抵制无序竞争》全文： 近日，外卖平台补贴引发社会高度关注，美团对此高度重视，将坚决规范促销行为，杜绝不正当竞争行为，推动建立公平有序行业秩序，促进各方互利共 赢。 在此我们承诺从自身做起，并积极呼吁行业共同构建良好生态，促进餐饮服务行业规范健康持续发展。 一是开展补贴活动严格遵守《反垄断法》、《反不正当竞争法》、《电子商务法》、《价格法》、《反食品浪费法》等法律法规，不以显著低于成本的价格 销售商品和服务，严重扭曲价格信号，扰乱市场竞争秩序，造成浪费。 来源：猎云网 "外卖大战"，迎来拐点。 8月1日，美团发布《繁荣行业生态，抵制无序竞争》表示，"将坚决规范促销行为，杜绝不正当竞争行为"，并积极呼吁行业共同构建良好生态，促进餐饮服 务行业规范健康持续发展。 对于补贴活动，美团将：不以显著低于成本的价格销售商品和服务，严重扭曲价格信号，扰乱市场竞争秩序，造成浪费；向商家和消 ...

Core Viewpoint - Major companies in the food delivery and e-commerce sectors, including Meituan, Taobao, and Ele.me, have united to resist disorderly competition and promote fair industry practices, aiming for a sustainable and healthy development of the restaurant service industry [1][2]. Group 1: Company Commitments - Meituan has committed to adhering to various laws and regulations, including the Anti-Monopoly Law and the Electronic Commerce Law, to avoid selling goods and services at prices significantly below cost, which distorts market signals [1]. - Meituan will ensure transparency in subsidy activities by publicly disclosing subsidy information to merchants and consumers, avoiding exaggerated claims about total subsidies [1]. - Meituan will not force or indirectly compel merchants to participate in subsidy activities, thereby safeguarding merchants' pricing autonomy [1]. - The company emphasizes a non-discriminatory approach to merchants and consumers, ensuring fairness in promotional subsidy activities and protecting the interests of small and medium-sized businesses [1]. - Taobao and Ele.me have pledged to respect merchants' rights and establish a mechanism for strict oversight and governance regarding subsidy distribution [2]. Group 2: Industry Collaboration - Taobao and Ele.me aim to actively eliminate unfair competition and stimulate consumer potential in emerging markets while respecting market operation rules and ensuring merchants' profitability [2]. - The companies plan to enhance service quality continuously and collaborate with various stakeholders to maintain a healthy operating order in the offline market [2]. - A feedback system has been established to address core issues such as merchant participation, product quality, and rider rights, with ongoing discussions taking place across different regions [2]. Group 3: Market Reaction - Following the announcement on August 1, Meituan's stock price rose nearly 3%, while Alibaba's stock price increased by over 3% [3]. - The market regulatory authority had previously engaged with Meituan, Ele.me, and JD.com, urging them to comply with relevant laws and promote rational competition [3].

Group 1 - The core viewpoint emphasizes the importance of maintaining a healthy industry ecosystem and resisting disorderly competition [1] - Meituan and Ele.me both highlight the negative impact of selling goods and services at prices significantly below cost, which distorts price signals and disrupts market competition [1] - The companies advocate for the continuous improvement of services to promote healthy competition and stimulate consumer activity [1]

Core Viewpoint - The article emphasizes the continuation of a stable yet progressive macroeconomic policy, focusing on maintaining policy stability while enhancing flexibility and timely adjustments to stimulate economic recovery [1][3]. Fiscal Policy - The fiscal policy aims for detailed implementation, emphasizing structural optimization, with a focus on enhancing social welfare and targeted spending for specific groups [4]. - The government plans to accelerate the issuance of long-term special bonds, with net financing reaching 7.66 trillion yuan in the first half of 2025 [4]. Monetary Policy - A moderately loose monetary policy is anticipated, with potential interest rate cuts to lower overall financing costs for society [5]. - The central bank has already implemented a 10 basis point interest rate cut and a 50 basis point reserve requirement ratio reduction, with further easing expected [5]. Industry Policy - The industry policy focuses on fostering technological innovation and promoting healthy competition, with an emphasis on emerging industries and strategic sectors [6][8]. - Key areas for support include quantum computing, artificial intelligence, and biotechnology, with a push for collaboration between research institutions and enterprises [6]. Real Estate Policy - The real estate policy highlights the importance of high-quality urban renewal and managing local government debt risks, with a focus on stabilizing the housing market [9]. - Recent data shows a decline in property sales, with June's sales area and revenue down by 5.5% and 10.8% year-on-year, respectively [9]. Domestic Demand Expansion - The strategy for expanding domestic demand involves enhancing both consumption scenarios and consumer capacity, with potential policies to optimize social security contributions and tax structures [11][12]. - Recent retail sales data indicates a 4.8% year-on-year growth, but a decline in consumer confidence remains a concern [11]. Employment and Social Welfare - The employment policy prioritizes job creation for key demographics, including recent graduates and migrant workers, while ensuring social safety nets are in place [13]. - The approach combines development with safety nets to stabilize society and rebuild consumer confidence [13]. Capital Market - The capital market is encouraged to enhance its attractiveness and inclusivity, with recent positive performance in A-shares and Hong Kong stocks [14]. - The government has introduced various supportive measures to stabilize and invigorate the capital market, including optimizing monetary policy tools [14]. High-Level Opening Up - The policy aims to maintain a stable foundation for foreign trade and investment, with measures to support foreign trade enterprises and promote integrated development of domestic and foreign trade [15]. - The focus is on enhancing the resilience of enterprises and the support capabilities of open platforms in a complex external environment [15].