Meituan Can Hold Market Share Despite Pricing Pressure -- Market Talk
Dow Jones
Oct 27
0815 GMT - Meituan looks set to hold its lead in China's food-delivery market despite the aggressive competition, Fitch Ratings analysts say. Fitch last month revised its outlook on Meituan to stable from positive, citing weaker profitability and pressure on free cash flow in the near term. Fitch expects the price war to ease over the next 6-12 months, improving earnings visibility. Meituan's credit profile remains stronger than rated peers such as Vipshop due to its scale in food delivery and more diversified revenue. Fitch forecasts a return to positive free cash flow in 2026 and assigns a BBB+ rating to its proposed U.S.-dollar notes (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
October 27, 2025 04:15 ET (08:15 GMT)
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