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Meituan Stock Plunges 12% Despite Revenue Growth Amid Price War
Meituan Stock Plunges 12% Despite Revenue Growth Amid Price War
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BTCCSquare news:
Meituan's Q2 2025 results revealed an 11.7% year-on-year revenue increase to 91.8 billion yuan ($12.8 billion), yet its stock plummeted 12.55% as net profit collapsed by 96.8%. The Beijing-based food delivery giant faces mounting pressure from a brutal price war, soaring operational costs, and fierce competition with rivals Alibaba and JD.com.
Delivery courier incentives and a 51.8% surge in marketing spend contributed to a 75.6% operating profit decline in its local commerce segment. JD.com's full-time rider model is challenging Meituan's gig economy approach, further squeezing margins in China's hyper-competitive on-demand services market.
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