<p>美團是中國最大的外賣應用。Cheng Xin/Getty Images</p>
<ul>
<li>美團和京東的股票在週二因中國外賣競爭激烈而下跌。</li>
</ul>
<ul>
<li>京東指責競爭對手禁止騎手接受其訂單，緊張局勢加劇。</li>
</ul>
<ul>
<li>其他中國科技股如阿里巴巴和騰訊今年表現良好。</li>
</ul>
<p>中國兩大科技巨頭在外賣業務中的競爭加劇，導致其公司股票今年受到重創。</p>
<p>美團的股價在週二暴跌最多達 8.1%。截至目前，該股今年下跌超過 14%。</p>
<p>在 2 月份進入外賣業務的香港上市京東，股價最多下跌 8.1%。截至目前，該公司的股價下跌 4%。</p>
<p>這兩隻股票的表現均不及恒生科技指數和恒生中國企業指數，後者今年迄今上漲約 10%。</p>
<p>在京東周一在其微信社交媒體賬户上表示，競爭平台告知騎手如果接受京東的訂單將被禁止後，這兩家公司股價大幅下跌。該平台未被指明。</p>
<p>同一天，美團在其微信社交媒體賬户上表示，並不限制騎手為多個平台工作。</p>
<p>儘管美團和京東的損失突顯了中國外賣市場的激烈競爭，但在中國大型科技股今年的上漲背景下，這一急劇下跌尤為明顯。這些公司受到 1 月底 DeepSeek 熱潮的推動。</p>
<p>儘管市場因關税引發的不確定性加大，但一些中國知名科技公司今年仍取得了強勁的增長。</p>
<p>科技股的上漲與過去幾年因北京的科技打壓而導致的急劇下跌形成鮮明對比。</p>
<p>阿里巴巴的股價週二收盤上漲 1.2%，年初至今上漲 34%。</p>
<p>騰訊的股票週二收盤上漲 0.5%，年初至今上漲 10.4%。</p>
<p>小米——以智能手機、家用電器和現在的電動車聞名——週二收盤上漲 5.8%，今年迄今上漲 29%。</p>
<p>閲讀原文請訪問 Business Insider</p>

美團-W

美團(ADR)

騰訊控股(ADR)

騰訊控股(ADS)

騰訊控股

阿里巴巴-W

阿里巴巴

<p>美團和京東的股票在中國外賣市場激烈競爭中大幅下跌，美團的股價今年下跌超過 14%，京東下跌 4%。在被指控存在反競爭行為後，兩家公司週二的股價均下跌了 8.1%。相比之下，其他中國科技股如阿里巴巴和騰訊則表現強勁，阿里巴巴今年迄今上漲了 34%。恒生科技指數和恒生中國企業指數今年均上漲約 10%，突顯了中國科技股之間的表現差異</p>

<p>Meituan is China's largest food delivery app.Cheng Xin/Getty Images</p>
<div class="lb-trans"><p>美團是中國最大的外賣應用。Cheng Xin/Getty Images</p>
</div><ul>
<li>Meituan and JD.com stocks fell on Tuesday amid fierce food delivery competition in China.</li>
</ul>
<div class="lb-trans"><ul>
<li>美團和京東的股票在週二因中國外賣競爭激烈而下跌。</li>
</ul>
</div><ul>
<li>JD.com accused a rival of banning riders from accepting its orders, intensifying tensions.</li>
</ul>
<div class="lb-trans"><ul>
<li>京東指責競爭對手禁止騎手接受其訂單，緊張局勢加劇。</li>
</ul>
</div><ul>
<li>Other Chinese tech stocks like Alibaba and Tencent have seen big gains this year.</li>
</ul>
<div class="lb-trans"><ul>
<li>其他中國科技股如阿里巴巴和騰訊今年表現良好。</li>
</ul>
</div><p>Intensifying rivalry between two of China's tech giants in the food delivery business has battered their company stocks this year.</p>
<div class="lb-trans"><p>中國兩大科技巨頭在外賣業務中的競爭加劇，導致其公司股票今年受到重創。</p>
</div><p>The share price of Meituan, China's top food delivery app, plunged as much as 8.1 % on Tuesday. The stock is down over 14% so far this year.</p>
<div class="lb-trans"><p>美團的股價在週二暴跌最多達 8.1%。截至目前，該股今年下跌超過 14%。</p>
</div><p>Hong Kong-listed JD.com, which waded into the food delivery business in February, tanked as much as 8.1%. The company's shares are down 4% so far this year.</p>
<div class="lb-trans"><p>在 2 月份進入外賣業務的香港上市京東，股價最多下跌 8.1%。截至目前，該公司的股價下跌 4%。</p>
</div><p>Both stocks have underperformed the Hang Seng Tech Index and Hang Seng China Enterprises Index, which are both up about 10% so far this year.</p>
<div class="lb-trans"><p>這兩隻股票的表現均不及恒生科技指數和恒生中國企業指數，後者今年迄今上漲約 10%。</p>
</div><p>The sharp losses in the two companies' share prices came after JD.com said on its Weixin social media account on Monday that a competing platform had told riders that they would be barred if they accepted orders from JD. It did not name the competing platform.</p>
<div class="lb-trans"><p>在京東周一在其微信社交媒體賬户上表示，競爭平台告知騎手如果接受京東的訂單將被禁止後，這兩家公司股價大幅下跌。該平台未被指明。</p>
</div><p>On the same day, Meituan wrote in its Weixin social media account that it doesn't restrict riders from working for multiple platforms.</p>
<div class="lb-trans"><p>同一天，美團在其微信社交媒體賬户上表示，並不限制騎手為多個平台工作。</p>
</div><p>While Meituan and JD.com's losses highlight the fierce competition in China's delivery market, the sharp declines are particularly stark in the context of gains in China's Big Tech stocks this year. These companies have been fueled by the hype from DeepSeek in late January.</p>
<div class="lb-trans"><p>儘管美團和京東的損失突顯了中國外賣市場的激烈競爭，但在中國大型科技股今年的上漲背景下，這一急劇下跌尤為明顯。這些公司受到 1 月底 DeepSeek 熱潮的推動。</p>
</div><p>Some of China's high-profile tech companies have made strong gains this year, despite broader tariff-induced market uncertainty.</p>
<div class="lb-trans"><p>儘管市場因關税引發的不確定性加大，但一些中國知名科技公司今年仍取得了強勁的增長。</p>
</div><p>The tech jump contrasts against sharp losses over the last few years following Beijing's tech crackdown.</p>
<div class="lb-trans"><p>科技股的上漲與過去幾年因北京的科技打壓而導致的急劇下跌形成鮮明對比。</p>
</div><p>Shares of Alibaba closed 1.2% higher on Tuesday and are 34% higher year to date.</p>
<div class="lb-trans"><p>阿里巴巴的股價週二收盤上漲 1.2%，年初至今上漲 34%。</p>
</div><p>Tencent's stock ended 0.5% higher on Tuesday and is 10.4% higher year-to-date.</p>
<div class="lb-trans"><p>騰訊的股票週二收盤上漲 0.5%，年初至今上漲 10.4%。</p>
</div><p>Xiaomi — known for smartphones, home appliances, and now EVs — closed 5.8% higher on Tuesday and is up 29% so far this year.</p>
<div class="lb-trans"><p>小米——以智能手機、家用電器和現在的電動車聞名——週二收盤上漲 5.8%，今年迄今上漲 29%。</p>
</div><p>Read the original article on Business Insider</p>
<div class="lb-trans"><p>閲讀原文請訪問 Business Insider</p>
</div>

China tech stocks are red-hot this year — but 2 are plunging as the battle for food delivery dominance intensifies

- 美團和京東股價因激烈競爭下跌，分別跌 8.1% 和 4%。  
- 京東指責競爭對手限制騎手接單，導致股價承壓。  
- 其他科技股如阿里巴巴和騰訊則實現顯著上漲。  

今年中國科技股表現火熱——但隨着外賣市場主導權之爭的加劇，有兩隻股票正在大幅下跌