Total AssetsMeituan started laying out its instant retail business in 2024, not limited to regular meals and milk tea deliveries, but more focused on fast-moving consumer goods and 3C products as growth drivers. This move has certainly encroached on the traditional market share of Alibaba and JD.com, prompting both to fight back. The issue for Meituan is that its food delivery merchants lack loyalty. As subsidies for food delivery decrease, once the market share is no longer in a 7-2-1 distribution, how much of Meituan's profits and market size will remain? This is a question worth tracking. It might be too early to bet that Meituan can still hold 70% of the market share.
$MEITUAN(03690.HK)The price is almost tempting, looking for a trend point to prepare for position building.
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