"Takeout Triangle Battle": Meituan, Alibaba, and JD.com all decline, while tea brands like CHABAIDAO, GUMING, and MIXUE GROUP surge
Wallstreetcn·- On July 5, Meituan's stock fell by 3.3%, JD Group by 1.5%, and Alibaba by approximately 2.2%. - In a fierce competition, Alibaba and Meituan launched a massive delivery coupon campaign, offering significant discounts to attract users. - As a result, Meituan experienced a surge in orders, surpassing 1.2 billion total orders, with over 100 million related to food delivery.