--- title: "$Alibaba(BABA.US)$MEITUAN(03690.HK) Today, Meituan was the first to reveal a loss of tens of billion" description: "$Alibaba(BABA.US)$MEITUAN(03690.HK) Today, Meituan was the first to reveal a loss of tens of billions, so can this be interpreted as the food delivery business being beaten down by Alibaba? The answer" type: "topic" locale: "en" url: "https://longbridge.com/en/topics/38732648.md" published_at: "2026-02-13T15:36:32.000Z" author: "[温哥华的小雨](https://longbridge.com/en/profiles/1936932)" --- # $Alibaba(BABA.US)$MEITUAN(03690.HK) Today, Meituan was the first to reveal a loss of tens of billion $Alibaba(BABA.US)$MEITUAN(03690.HK) Today, Meituan was the first to reveal a loss of tens of billions, so can this be interpreted as the food delivery business being beaten down by Alibaba? The answer is definitely NO. 1 The food delivery war is definitely a money-burning game; everyone is losing money together, and Alibaba is also losing a lot. 2 Meituan's operating profit has declined. Looking at the amount, the loss isn't huge; more of the loss is from capital expenditure. 3 Rather than making a profit and paying taxes, it's better to convert it into investment for the future. Rather than focusing on the loss, it's better to see what these investments are actually being used for. I saw someone say Meituan is investing in $Rocket Lab(RKLB.US). This must be a rumor, like something generated by AI hallucination. Could it be that they're using little rockets to deliver food to space? My personal interpretation is that Meituan's move seems like enduring hardship to achieve a future goal, holding back for 1-2 years before unleashing a big move. ### Related Stocks - [03690.HK - MEITUAN](https://longbridge.com/en/quote/03690.HK.md) - [83690.HK - MEITUAN-WR](https://longbridge.com/en/quote/83690.HK.md) - [MPNGY.US - Meituan](https://longbridge.com/en/quote/MPNGY.US.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [89988.HK - BABA-WR](https://longbridge.com/en/quote/89988.HK.md) - [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md) - [HMTD.SG - Meituan HK SDR 5to1](https://longbridge.com/en/quote/HMTD.SG.md) - [HBBD.SG - Alibaba HK SDR 5to1](https://longbridge.com/en/quote/HBBD.SG.md) --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.