$MEITUAN(03690.HK)Economic Daily commentator article: The food delivery war should end

Jinshi Data, March 25 - Economic Daily published a commentator article titled "The Food Delivery War Should End." The article stated that the food delivery war affects not only the account books of restaurant owners but also the livelihoods of ordinary people. When dining consumption, which serves as a "ballast stone," loses momentum due to price wars, the chill felt by the overall economy will eventually be transmitted to every micro-individual. Healthy competition should be a benign contest of technological innovation, efficiency improvement, and service optimization. Healthy competition should be a benign contest of technological innovation, efficiency improvement, and service optimization, not a money-burning game relying on capital accumulation, nor a zero-sum game using monopoly power to control traffic and force alliances. Let food delivery prices return to a reasonable range, let the catering industry escape the dilemma of dying without subsidies and becoming chaotic with subsidies, and let market competition shift from burning money to competing on service. This is what truly benefits businesses and the people. Price wars won't go far; involutionary competition has no winners. The food delivery war should end. (Economic Daily)

(From Jinshi Data App)

$JD-SW(09618.HK)$BABA-WR(89988.HK)The three of you should just live well together, that's better than anything else.