Meituan core local commerce swung to an operating LOSS in Q1 while marketing spend jumped 51%. Douyin is genuinely eating their lunch in restaurant discovery and local services. This is not a temporary comp issue 😤 it looks structural.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.