Meituan: Making necessary investments to maintain leadership position, but will not participate in price wars
Meituan stated in its third-quarter earnings call that it will make necessary investments to maintain its leadership position, but will not engage in a price war. Instead, it will dynamically adjust resources to enhance service experience and operational efficiency
Meituan mentioned in the conference call for its third-quarter financial report on the evening of the 28th that although it believes industry losses have peaked, the takeout business will still face pressure in the fourth quarter. It will make necessary investments to maintain its leadership position but will not participate in a price war; instead, it will dynamically adjust resources based on the competitive landscape and continue to strengthen service experience and operational efficiency advantages.
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