Meituan's Spending Could Peak in 3Q as Competition Intensifies in Summer -- Market Talk

Dow Jones

Jul 22

0730 GMT - Meituan's spending will likely peak in 3Q as the competition in the food delivery industry tends to be more intense during the summer, Jefferies analysts say in a research note. Meituan's 2Q revenue likely rose 13% on year with on-demand delivery order volume increasing 12% on year, the analysts note. For its core local commerce segment, Jefferies expects revenue to grow 12% in 2025, but operating profit to decline about 45%. The analysts expect Meituan to maintain its lead in the on-demand delivery industry, supported by solid execution and significant investment in 2025. The aggregate incremental spending of Meituan, Ele.me and JD could exceed 100 billion yuan in 2025, they add. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

July 22, 2025 03:30 ET (07:30 GMT)

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Meituan's 2Q revenue likely rose 13% on year with on-demand delivery order volume increasing 12% on year, the analysts note. For its core local commerce segment, Jefferies expects revenue to grow 12% in 2025, but operating profit to decline about 45%. The analysts expect Meituan to maintain its lead in the on-demand delivery industry, supported by solid execution and significant investment in 2025. The aggregate incremental spending of Meituan, Ele.me and <a href=\"https://laohu8.com/S/JD\">JD</a> could exceed 100 billion yuan in 2025, they add. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2025 03:30 ET (07:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meituan's Spending Could Peak in 3Q as Competition Intensifies in Summer -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeituan's Spending Could Peak in 3Q as Competition Intensifies in Summer -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-22 15:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0730 GMT - Meituan's spending will likely peak in 3Q as the competition in the food delivery industry tends to be more intense during the summer, Jefferies analysts say in a research note. Meituan's 2Q revenue likely rose 13% on year with on-demand delivery order volume increasing 12% on year, the analysts note. For its core local commerce segment, Jefferies expects revenue to grow 12% in 2025, but operating profit to decline about 45%. The analysts expect Meituan to maintain its lead in the on-demand delivery industry, supported by solid execution and significant investment in 2025. The aggregate incremental spending of Meituan, Ele.me and <a href=\"https://laohu8.com/S/JD\">JD</a> could exceed 100 billion yuan in 2025, they add. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2025 03:30 ET (07:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0577902371.SGD","symbol_name":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2553280859","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553280859","pubTimestamp":1753169400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0730 GMT - Meituan's spending will likely peak in 3Q as the competition in the food delivery industry tends to be more intense during the summer, Jefferies analysts say in a research note. Meituan's 2Q revenue likely rose 13% on year with on-demand delivery order volume increasing 12% on year, the analysts note. For its core local commerce segment, Jefferies expects revenue to grow 12% in 2025, but operating profit to decline about 45%. The analysts expect Meituan to maintain its lead in the on-demand delivery industry, supported by solid execution and significant investment in 2025. The aggregate incremental spending of Meituan, Ele.me and JD could exceed 100 billion yuan in 2025, they add. 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Meituan's 2Q revenue likely rose 13% on year with on-demand delivery order volume increasing 12% on year, the analysts note. For its core local commerce segment, Jefferies expects revenue to grow 12% in 2025, but operating profit to decline about 45%. The analysts expect Meituan to maintain its lead in the on-demand delivery industry, supported by solid execution and significant investment in 2025. The aggregate incremental spending of Meituan, Ele.me and JD could exceed 100 billion yuan in 2025, they add. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 22, 2025 03:30 ET (07:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}