Meituan ( MPNGY ) is a “super app” that delivers almost everything in China. It recently released its 3Q25 earnings, recording an adjusted net loss of RMB16 billion, its first quarterly loss since 2Q22, as the price warAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other ...

Core Insights - Meituan (MPNGY) is a "super app" in China that offers a wide range of services and has recently reported its 3Q25 earnings, showing an adjusted net loss of RMB16 billion, marking its first quarterly loss since 2Q22 due to a price war [1] Financial Performance - The adjusted net loss of RMB16 billion indicates a significant financial challenge for Meituan, as it is the first quarterly loss since the second quarter of 2022 [1]