---
title: "Meituan posts another quarterly loss as food delivery wars bite"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280610976.md"
datetime: "2026-03-26T10:30:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280610976.md)
  - [en](https://longbridge.com/en/news/280610976.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280610976.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280610976.md) | [繁體中文](https://longbridge.com/zh-HK/news/280610976.md)


# Meituan posts another quarterly loss as food delivery wars bite

SHANGHAI, March 26 (Reuters) - Chinese food delivery leader Meituan (3690.HK) posted a second quarterly loss in a row and fell just shy of revenue growth estimates on Thursday after a year of bruising, subsidy-fuelled competition in China’s one-hour delivery space.

Meituan has seen its revenue growth and profits pressured for several quarters since e-commerce giants Alibaba-owned (9988.HK) Taobao and JD.com (9618.HK) launched new “instant retail” platforms in early 2025.

Instant retail or quick commerce refers to online purchases - often of food, bubble tea and daily use items - delivered within 60 minutes.

In good news, the early months of 2026 have brought signs the instant retail price war - which has been criticised by Chinese regulators as a “race to the bottom” - might be abating.

-   Meituan’s revenue for the quarter ended December 31 reached 92.1 billion yuan ($13.3 billion), a 4.1% rise from a year ago, compared with 92.2 billion yuan expected by analysts.
-   Its adjusted net loss narrowed to 15.1 billion yuan from 16 billion yuan in the third quarter. A year earlier, Meituan posted a profit of 9.8 billion yuan.
-   Earlier this week, Meituan shares jumped 14% after a state media editorial urging an end to China’s food delivery price wars was republished by Chinese regulators, which was interpreted by industry watchers as an official endorsement.

($1 = 6.9072 Chinese yuan renminbi)

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