---
title: "Others burn money to increase valuation, while Meituan burns money and its stock price plummets. Ali"
description: "Others burn money to increase valuation, while Meituan burns money and its stock price plummets. Alibaba burns money, but it has chips + the Qwen large model as its second growth curve, and the market"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/38745564.md"
published_at: "2026-02-15T15:40:14.000Z"
author: "[烧焦的大石头](https://longbridge.com/en/profiles/20136517)"
---

# Others burn money to increase valuation, while Meituan burns money and its stock price plummets. Ali

Others burn money to increase valuation, while Meituan burns money and its stock price plummets.

Alibaba burns money, but it has chips + the Qwen large model as its second growth curve, and the market values it as a tech company.

What about Meituan? Besides local services and food delivery, it has no business with vast potential.

Before the holiday, Alibaba's Qwen offered 1-cent milk tea, and on Valentine's Day, it offered 30-yuan hourly hotel rooms. AI + local services are directly challenging Meituan's core business, leaving Meituan with almost nothing.

ByteDance also officially announced its entry into chip development. The giants are all moving up the value chain, while only Meituan is still being hunted in a saturated market.

Wang Xing probably has a splitting headache right now. The time left for Meituan to counterattack is really running out.

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.