天眼查App显示，近日，廊坊广阳区霜晔商贸有限公司成立，法定代表人为李冬梅，注册资本10万人民 币，经营范围为许可项目：酒类经营;食品销售;烟草制品零售（依法须经批准的项目，经相关部门批准 后方可开展经营活动，具体经营项目以批准文件或许可证件为准）一般项目：外卖递送服务;广告设 计、代理;广告发布（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

这届双11里，电商远近中场的新故事正在开启。 经历了一个夏天的外卖大战后，淘宝进入了淘宝闪购全面参与的第一个双11，京东宣布京东外卖、七鲜 小厨等十余种创新业态首次亮相双11，美团闪购尽管并未正式出招双11，也已在9月发布品牌官旗闪电 仓业务，吸引3C、美妆日化等品牌商家入驻。 快速变化的中国消费者让电商平台们感受到了压力，比起单个场域下的竞争，今天的阿里开始更多提 到"全场景读懂一个人"，除了对不同消费需求的满足，阿里开始意识到，对用户的运营要以更全局的视 角来看待，以多种业务、资源协同来增强弹性供应的能力，找到一个方式来将用户、场景自然地结合起 来。 今年双11，记者发现，88VIP的消费券中，除了淘宝用券也涵盖了闪购券包、飞猪券包等，闪购参与的 同时，双11"大消费"对吃喝玩乐产品供给的丰富度大增，88VIP与淘宝大会员体系等也被视作串联不同 业务用户运营的抓手，通过飞猪、淘宝、饿了么、淘宝闪购等打通平台消费的全场景，阿里正试图构建 一套完整的消费服务体系。 第17个双11，电商叙事有了新变化。 这让今年双11在大促之外更接近对"下一代电商"的试水。除了AI，即时零售与电商的交融进一步发生。 除了带动电 ...

Core Viewpoint - The National Market Supervision Administration has initiated investigations into major food delivery platforms including JD.com, Meituan, and Ele.me, focusing on food safety and the verification of merchant qualifications [1] Group 1: Investigation Details - The investigation involved on-site visits by officials from the National Market Supervision Administration, which differed from previous practices of merely interviewing business leaders [1] - The investigation was recorded using enforcement recording devices, and some companies were questioned for several days, while others showed passive cooperation [1] Group 2: Companies Involved - In addition to the three major food delivery platforms, Douyin Group is also included in the investigation list, having entered the instant retail sector since 2022 [1] - Douyin's instant retail offerings currently cover categories such as flowers, cakes, and fresh produce [1]

Group 1: Financial Performance - For 3Q25E, Meituan is estimated to achieve revenue of RMB97.8 billion, reflecting a 4.6% year-over-year growth, but an adjusted net loss of RMB16.6 billion is expected, which is higher than the consensus of RMB12.6 billion due to intense competition in the food delivery sector [1] - The food delivery business is anticipated to incur an operating loss of RMB20.6 billion in 3Q25E, a significant decline from an operating profit of RMB9 billion in 3Q24, leading to a revised overall operating profit forecast for the core local commerce (CLC) business to -RMB15.5 billion [2] - For 4Q25E, a group-level adjusted net loss of RMB8.3 billion is expected, which is an improvement from 3Q25E but still higher than the consensus loss of RMB5.8 billion [2] Group 2: Competitive Landscape - The impact of incremental investment on operating profit from the food delivery business is believed to have peaked in 3Q25, but the competitive environment's pace of improvement remains a critical factor to monitor [1][2] - Despite the current challenges, there is optimism that industry competition will return to rationality over time, allowing Meituan to maintain its leading position in quality food delivery orders [1] Group 3: New Initiatives and Forecast Revisions - Revenue growth for new initiatives is forecasted at 17.5% year-over-year with an operating loss of RMB2.35 billion in 3Q25E, with strategic transformations expected to reduce losses in Meituan Select in the second half of 2025 [3] - Key changes in forecasts include a 0-4% increase in 2025-2027E revenue estimates due to better-than-expected growth from international expansion, while operating profit forecasts for 2025E and 2026E have been cut to losses of RMB17.2 billion and RMB1.9 billion, respectively, due to intensified competition in the food delivery sector [4]

外卖小哥和快递小哥，都是穿梭在城市的骑手，两群人相似又各异的生存状态，成为大家对比和讨论的焦点。 反观快递小哥，其权益保障仍处于泥潭之中，整体改善进度明显滞后于外卖骑手，两者的境遇差距愈发明显。 一、投诉连环套，困住消费者与快递小哥 在快递行业，似乎藏着一条心照不宣的规定："所有操作皆为投诉"，即使快递小哥和消费者沟通良好，没有任何冲突，但只要消费者咨询快递公司客服自己 快递的情况，或者因故取消订单，即使此次订单的取消并非快递小哥的过错，这一切行为都被视为"投诉快递小哥"。 这一系列"动辄即算投诉"的隐形规则，也让许多消费者感到困惑，不少人纷纷在社交平台上发帖，寻求解决之法。 2025年10月22日，网友灵毓（成为富豪版）在小红书这样写到，"只要一咨询就是投诉，甚至不敢找客服说撤销投诉，因为会变成下一个投诉，而且据说投 诉是要扣钱的，另外没有撤销投诉的选项，不知道快递小哥有没有申诉的权利。" 据《光明日报》报道，近日，京东外卖、饿了么、美团先后宣布取消超时罚款，改为服务分管理机制，若骑手超时，将不再扣除现金，而是扣除相应的服务 分，美团还规定，若准时，将增加服务分。目前，该规则已在多个城市试点。 除此以外，美 ...

Core Insights - The National Market Supervision Administration has initiated investigations into major food delivery platforms including JD.com, Meituan, and Ele.me, focusing on food safety and the verification of merchant qualifications [2][3] - The investigation process differs from previous approaches, involving on-site inspections and recorded inquiries with business leaders from the platforms [2] - Douyin Group is also included in the investigation, having entered the instant retail market since 2022 [2] Investigation Details - The investigation was triggered by consumer complaints regarding discrepancies in food orders, specifically a case involving a cake where the ordered and received brands did not match [2] - Regulatory authorities discovered that problematic merchants were operating across multiple platforms, indicating a broader issue within the industry [2] - As of October 23, the investigation is ongoing, with platforms preparing materials and reporting to regulatory bodies [2] Regulatory Context - The National Market Supervision Administration has previously engaged with these platforms regarding issues of food safety and competition, indicating a pattern of regulatory scrutiny [3] - A new draft regulation has been released, focusing on the responsibilities of third-party platforms and the management of food safety within online dining services [3] - Companies have not provided effective responses to inquiries regarding the ongoing investigations [3]

Core Viewpoint - The recent collaboration between Meituan and JD.com, marked by the launch of JD's self-operated takeaway store "Qixian Xiaochu" on the Meituan app, indicates a potential reconciliation between their founders, Liu Qiangdong and Wang Xing, amidst increasing competition in the food delivery market [1][2][4]. Group 1: Market Dynamics - JD.com has entered the food delivery market, positioning itself as a reliable quality provider rather than the lowest price option, while Meituan faces pressure from competitors like Douyin and Xiaohongshu [12]. - The partnership between JD.com and Meituan is seen as a strategic move to counter the rising competition from the newly launched Gaode Street Ranking, which has rapidly gained over 400 million users in just 23 days [4][7]. - The collaboration allows JD.com to leverage Meituan's extensive local traffic ecosystem, while Meituan benefits from JD's strong supply chain and quality assurance [6][12]. Group 2: Competitive Landscape - The food delivery market is currently dominated by Meituan and Ele.me, with Meituan processing approximately 80 million daily orders compared to Ele.me's 20 million [8]. - Recent data shows that Ele.me and Taobao Flash Delivery hold a combined market share of 34.2%, while JD.com follows closely with 33.5%, and Meituan has dropped to 28.9% [10]. - The partnership is expected to reshape the competitive landscape, as both companies aim to enhance their service offerings and customer engagement through resource sharing [12]. Group 3: Strategic Implications - Liu Qiangdong's previous comments on the need for cooperation among private enterprises reflect a shift towards a "co-opetition" model, where competition and collaboration coexist [4][6]. - The integration of JD's high-quality products into Meituan's platform is anticipated to increase user stickiness and mitigate competitive pressures from emerging players [6][12]. - The collaboration signifies a broader trend in the industry where traditional competitors are finding common ground to enhance their market positions against formidable new entrants [10][12].

Core Insights - Brazil is emerging as a new frontier for Chinese companies expanding overseas, with significant investments and operations being established in various sectors, particularly in food delivery and manufacturing [1][2][4]. Group 1: Investment Trends - Meituan's international food delivery brand Keeta is set to launch operations in Brazil by the end of the month, while Didi's 99Food has begun trial operations in Rio de Janeiro [1]. - Chinese companies are increasingly investing in Brazil, with plans such as Mijue Ice City investing 3.2 billion Brazilian Reais to open stores and build a supply chain factory, and Great Wall Motors planning to invest 6 billion Brazilian Reais to expand its factory [1][2]. - Approximately 40 Chinese companies have expressed interest in establishing subsidiaries in Brazil since last year, a significant increase from the previous average of 15 to 20 inquiries per year [1][4]. Group 2: Market Dynamics - The automotive sector is a leading area for Chinese investment in Brazil, with at least eight Chinese car manufacturers conducting market research in 2024, and GAC planning to invest over 1 billion USD to build a factory [2]. - The perception of Chinese companies in Brazil is shifting, with local families now seeking partnerships with Chinese firms, recognizing their advancements in high technology beyond just low-cost goods [2][3]. Group 3: E-commerce and Logistics - The Brazilian e-commerce market is maturing, with platforms like TikTok Shop achieving significant growth, reaching a GMV of 46.135 million USD within four months of entry, marking a 45-fold increase [3]. - Cainiao, a logistics company, has secured a commercial customs clearance license in Brazil and is focusing on ensuring timely logistics for the upcoming peak season, particularly for Brazil and Mexico [3][5]. Group 4: Challenges and Opportunities - Despite the potential, Chinese companies face challenges in Brazil, including complex tax regulations and compliance issues that increase operational costs [5][6]. - The urbanization rate in Brazil is high at 83%, but the service sector remains underdeveloped, presenting opportunities for Chinese companies to fill the investment gap in infrastructure and services [4].

美团-W(03690)午后涨超6%，截至发稿，涨5.72%，报101.6港元，成交额83.33亿港元。 消息面上，10月20日，美团宣布软硬件服务负责人肖飞、Keeta业务负责人仇广宇进入美团最高决策机 构S-team，此举被视为美团进一步提升出海业务战略权重的重要信号。此外，10月30日起，美团旗下品 牌Keeta将正式启动巴西市场运营，首批试点城市为圣保罗州沿海城市桑托斯和圣维森特。 招银国际发布研报称，外卖业务新增投资对美团营业利润的影响或已见顶，但竞争环境的改善节奏仍值 得关注。该机构表示，认为行业竞争终将回归理性，且美团在高客单价优质外卖订单的行业领先地位稳 固，但短期盈利增速恢复的确定性和能见度较低。维持"买入"评级。 ...

新浪科技讯 10月23日上午消息，京东黑板报发文表示，京东外卖积极响应外卖监管"新规"，从配送环 节强化食品安全，启动干净计划，在行业中率先落地餐箱消毒，还将全方位升级服务流程。 近日，有网友发现，在京东下单外卖后，竟收到了餐箱的消毒检测报告，还看到了全职骑手和餐箱消毒 的全过程。对此，京东外卖表示，正在试点全职骑手餐箱消毒措施。专业消毒，每日一次，让全职骑手 带着干干净净的餐箱给大家送餐。 据介绍，全职骑手和餐箱消毒全过程具体分为三步。第一步，超声波雾化喷淋；第二步，75%医用酒精 擦拭；第三步，紫外线照射杀菌。三重专业消杀，打造最严消毒标准。消毒后再"上岗"的餐箱，经过 CMA资质机构的专业检测，可达到99.99%的灭菌率。 京东外卖表示，"民以食为天，食以安为先。我们深知大家对食品安全的重视，作为即配行业第一个对 餐箱消毒执行专业检测并向用户开放溯源的平台，我们将从每一处细节入手，用数据检测和用户参与， 实实在在提升食品安全配送专业标准。" 目前，全职骑手餐箱消毒已在北京部分配送站试点，接下来将在外卖单量较大的一线城市持续落地、加 大覆盖。（闫妍） 责任编辑：江钰涵 当全职骑手带着消毒后的餐箱送餐时，消 ...