Understanding the Market | MEITUAN rose nearly 3% in the late trading session, and the suspension of Meituan Youxuan releases subsidy space. Nomura stated that Meituan may become the final winner in the food delivery battle

Zhitong
2025.07.08 07:20
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Meituan-W rose nearly 3% in the late trading session, up 2.77% to HKD 122.3 as of the time of writing, with a transaction volume of HKD 5.822 billion. In terms of news, the delivery battle between Meituan and Alibaba has recently escalated. On July 5, Meituan revealed that its real-time retail daily order volume exceeded 120 million, with over 100 million in catering and more than 20 million in Meituan Flash Purchase. On July 7, Shijia Long, head of Nomura's China Internet and Media sector, stated at a media sharing conference that in the latest round of the delivery price war, although incurring high costs, Meituan, as an industry pioneer and leader, will ultimately become the last "winner" in the delivery market competition, occupying the largest market share. CMB International pointed out that the subsidy war that began in early Q3 may lead to a double-digit year-on-year growth in daily orders. Meituan's preferred selection has closed loss-making areas, expected to release about HKD 3 to 4 billion in losses to supplement subsequent delivery subsidy investments. Even if the subsidy war continues until the end of the year, Meituan still has the possibility of maintaining operational profit. The firm believes that the operations and scheduling on the merchant and rider side remain core to maintaining market share, and Meituan's delivery service still has a leading advantage, with a high probability of maintaining market share

According to Zhitong Finance APP, Meituan-W (03690) rose nearly 3% in late trading, and as of the time of writing, it was up 2.77%, priced at HKD 122.3, with a transaction volume of HKD 5.822 billion.

In terms of news, the delivery battle between Meituan and Alibaba has recently escalated. On July 5, Meituan revealed that its real-time retail daily order volume exceeded 120 million, with over 100 million in catering and more than 20 million in Meituan Flash Purchase. On July 7, Shijia Long, head of Nomura's China Internet and Media sector, stated at a media sharing conference that in the latest round of the delivery price war, although incurring high costs, Meituan, as an industry pioneer and leader, will ultimately become the last "winner" in the delivery market competition, occupying the largest market share.

CMB International pointed out that the subsidy war that began in early the third quarter may lead to a double-digit year-on-year growth rate in daily orders. Meituan's preferred selection has closed loss-making areas, expected to release about HKD 3 to 4 billion in losses to supplement subsequent delivery subsidy investments. Even if the subsidy war continues until the end of the year, Meituan still has the possibility of maintaining operational profit at break-even. The firm believes that operations and scheduling on the merchant and rider side remain core to maintaining market share, and Meituan's delivery service still has a leading advantage, with a high probability of maintaining market share

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