"嘀……"12月10日20:01，短促的提示音在接单平台响起，骑手陈康（化名）被系统自动分配了一个订单。他快速扫了一眼订单页面：距离商家119米，距 离顾客1.9公里，商家预计20:18出餐，平台期望在20:35前送达。 若在25分钟内送达，骑手能获得3元的优质快送奖和1个出勤奖。不过，一旦接到这类特殊订单，也意味着骑手必须专心送完这一单，才能接收新任务。小 跑至商场四层取餐后，陈康熟练地驾着自己的"坐骑"，以45～50km/h的速度汇入车流。最终他在规定时间内完成送达，拿到了3元额外奖励。 12月2日，针对近年来外卖行业存在的非理性竞争以及外卖配送员权益保障不足等问题，市场监管总局发布并实施推荐性国家标准《外卖平台服务管理基 本要求》（以下简称"外卖标准"）。其中规定，调度算法应综合考虑路况、天气、爬楼等因素，科学规划配送路径。此外，外卖平台计算配送时长时，对 于驾驶电动自行车配送的情况，应按平均时速不超过15km/h进行计算。 原本以为外卖标准实施后，骑手们配送时相比以前会"从容"些许。但《IT时报》记者实地采访后发现，骑手抢时间现在仍是常态，配送时长尚未出现明显 变化。 记者就相关问题联系多家外卖平台， ...

出品丨搜狐财经 作者丨饶婷 陈子健 编辑丨李文贤 你知道一份外卖的账单里，藏着一场怎样的四方博弈吗？平台、商家、骑手、消费者，每个人都在这 场"多快好省"的游戏中精疲力尽。 现在，国家出手了，外卖平台"新国标"发布。可当骑手"慢下来"，谁会为这份保障支付真金白银？你点 的外卖会涨价吗？ 这份名为《外卖平台服务管理基本要求》的国家标准，为骑手划出了三条清晰的权益线： 收入的"底线"：平台应保障提供正常劳动的配送员收入水平，且不再将扣款作为超时、差评的处罚方 式。 一份商家晒出的真实账单，揭示了利润如何被层层吞噬：顾客实付63.60元，经过各类促销补贴、平台 佣金、配送服务费的扣除后，商家实际到手仅44.03元，而这单堂食的价格为51元。在极端的价格战 下，甚至出现过商家"零收入"或"倒贴"的订单。 压力沿着链条无情传导。为了在微薄利润中挤出配送费，系统只能不断追求更高的"人效"，让骑手在更 短时间送更多单。 于是，一个闭环形成：消费者追求"又快又便宜"，平台用"补贴战"争夺用户，商家在流量与成本间挣 扎，而所有环节对"效率"的极致压榨，最终都落在了骑手飞驰的电动车上。 强度的"红线"：骑手每天接单时长原则上不超 ...

《外卖平台服务管理基本要求》（GB/T 46862—2025）推荐性国家标准近日正式发布实施。12月4日晚 间至5日，淘宝闪购（原"饿了么"）、美团、京东外卖相继发布关于执行上述推荐性国家标准的声明。 三平台分别声明称，淘宝闪购、美团、京东外卖作为标准起草单位之一，深度参与了本标准的研制、起 草与论证工作。在标准制定过程中，积极建言献策，充分参与核心条款讨论，对标准确立的公平理性竞 争、严守食品安全底线、提升服务质量、协调各方权益等核心理念高度认同。 淘宝闪购、美团、京东外卖均声明称，将自愿执行《外卖平台服务管理基本要求》国家标准，把标准要 求系统融入平台运营管理和服务流程之中，持续优化平台规则，提高商户与配送员服务管理水平，提升 消费者体验，保障配送员、消费者和商户各方权益。 三平台称，将以本标准实施为契机，积极助力推动外卖行业规范管理、品质服务、理性竞争、生态共 赢。与社会各界一道，维护公平有序的市场环境，助力餐饮外卖行业高质量、可持续发展。 转自：北京日报客户端 截图来 源："市说新语"微信公众号 据国家市场监管总局微信公众号"市说新语"12月4日消息，针对近年来外卖行业存在的"幽灵外卖"、非 理性竞争 ...

Meituan (3690.HK): NDR highlights: Sustaining unit economics advantage with GTV scale leadership; Buy We hosted Meituan's Capital Markets team in our Hong Kong office with investors on Dec 2nd, post its 3Q25 results. Investors' key focuses centered around latest food delivery competitive landscape and longer-term unit economics outlook, in-store competition & margin trajectory, Instashopping's growth outlook, Keeta's expansion & investment scale in Middle East and LatAm region, and investment pace of other ...

Asian shares have started the week mixed, with Tokyo's benchmark falling nearly 2%A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 1, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)BANGKOK -- Asian shares began the week mixed, with Tokyo’s benchmark falling nearly 2% on Monday after the release of data showing weak factory activity, while U.S. futures fell. Oil prices surged more than $1 a barrel. In Japan, the Nikkei 225 declined 1.9% to 49,285.6 ...

29 November 2025 | 12:26AM HKT Equity Research Meituan (3690.HK): 3Q25 First Take: Narrower-than-expected losses; results call highlights; Buy Meituan reported better-than-expected adj. operating loss of Rmb-17.5bn (vs. GSe of Rmb-18.8bn) where core local commerce (CLC) adj. operating profit (loss) was Rmb-14.1bn, above GSe of Rmb-15.1bn/but below V.A. consensus of Rmb-13.1bn, while new initiatives adj. operating loss came ahead of both GSe and V.A. consensus at Rmb-1.3bn (GSe/V.A. of Rmb-2.3bn). Despite it ...

Flash | 28 Nov 2025 05:35:13 ET │ 12 pages Meituan (3690.HK) 3Q25 Total Revs and Profit Missed; CLC Op Loss at Rmb14.1bn CITI'S TAKE Meituan posted 3Q25 results below expectation, with total revenues Rmb95.5bn (+2% yoy and +4.0% qoq), 1.8%/2.0% lower than Citi/consensus of Rmb97.25bn/Rmb97.47bn. Core local commerce revenue declined 2.8% yoy to Rmb67.4bn (below our Rmb69.0bn), CLC segment OP loss was Rmb14.1bn (or -20.9% margin), better than our estimate of Rmb-14.96bn but below VisibleAlpha consensus estima ...

Group 1 - DoorDash Inc. has been upgraded to a "Buy" rating by Jefferies analyst John Colantuoni, with a new price target of $260, up from $220 [1][3] - The company is expected to generate approximately $17.87 billion in revenue for the full year 2026, with an EPS of around $6.32 [2] - In Q3 2025, DoorDash reported net sales of $3.45 billion, reflecting a 27.35% increase and exceeding estimates by $89.10 million, with an EPS of $1.28, which was $0.03 above guidance [2] Group 2 - DoorDash's strategy includes a multi-million-dollar investment in a new global tech platform aimed at unifying its technology stack across markets, making it AI-native to improve operations and product development [3] - The decision to create a single architecture is driven by the need for efficiency and faster global feature rollouts, particularly in light of advancements in AI [3] - The company operates a commerce platform that connects merchants, consumers, and independent contractors both in the US and internationally [4]

Core Insights - Naspers Limited is successfully implementing its ecosystem strategy, showing strong growth and results across Latin America, Europe, and India [1] - All operated businesses of the company are now profitable, indicating disciplined execution driving performance [1] - The company is on track to meet its guidance of over US$1.1 billion in adjusted EBITDA for the full year [1] - New investments, particularly in Just Eat Takeaway.com and La Centrale, are expected to further fuel growth [1]

Core Insights - The article highlights a shift in consumer behavior towards quality takeout, particularly among young professionals in Shanghai, who are increasingly opting for premium dining experiences during weekends [1][3]. Group 1: Consumer Behavior - Young consumers are moving from convenience-driven takeout to seeking quality and experience, especially during leisure time like weekends [3]. - The trend of ordering quality takeout is becoming a new norm for many young office workers in Shanghai, who view it as a form of self-reward [1][3]. Group 2: Market Initiatives - Dazhong Dianping is launching a campaign to distribute 10 million "weekend reward meal vouchers," offering significant discounts to encourage quality takeout orders [1]. - Since the relaunch of the "quality takeout" service in September, over 1 million high-rated dining establishments have joined the platform, including more than 1,400 "must-eat" restaurants and nearly 30 "black pearl" restaurants [3]. Group 3: Industry Trends - High-quality dining establishments are increasingly integrating into consumers' online shopping habits, reflecting a broader trend of merging in-store and delivery services [5]. - The industry is evolving from a clear distinction between "dine-in" and "delivery" to a more integrated approach, catering to both weekday and weekend dining needs [5].