US EditionMeituan warns of US$3.5 billion loss amid intense food delivery price war
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7 Articles
Meituan warns of US$3.5 bil loss as China's food war worsens
Meituan warned of its biggest annual loss since at least 2021, underscoring the extent to which a brutal price-based war in food delivery is eroding margins at China’s largest internet companies. The Beijing-based firm expects to record a loss of between 23.3 billion yuan (US$3.4 billion or RM13.2 billion) and 24.3 billion yuan for 2025, according to an exchange filing. That’s a stark reversal from a profit of 35.8 billion yuan in 2024. It booke…
Chinese e-commerce giant Meituan issued a profit warning on February 13, projecting a net loss of approximately 23.3 billion to 24.3 billion yuan in 2025, a reversal from a profit of 35.808 billion yuan in the previous year. The company stated that the main reasons were increased investment in its ecosystem and overseas expansion to cope with fierce competition, and the loss trend may continue into the first quarter of 2026.
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Forbes EspañaThe Chinese 'superapp' Meitian, which offers entertainment services, travel and food deliveries at home, has reported this Friday that it anticipates losses from 23,200 to 24.3 billion yuan (2,827 and 2,961 million euros) for the year 2025 resulting from the "intense competition" within the sector.
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