Meituan

Meituan’s second-quarter report shows profit margins reaching new highs as business strategy shifts inward.

Clear victories are rare when internet giants lock horns. Douyin and Meituan’s drawn-out fight in the city of Wenzhou illustrates how these battles can play out.

Douyin’s slowed aggression has allowed Meituan to rebound with reduced losses and a surge in daily orders.

Meituan Shangou, its quick commerce business, could play a significant role in its strategy to counter competition from main rival Douyin.

The leading Chinese operator is eyeing expansion into other markets.

With heavyweight Douyin encroaching on its market share, Meituan cannot afford to remain in autopilot mode.

The president of Meituan’s in-store business candidly discussed the company’s prospects in his new year’s message, addressing the challenges posed by competitors like Douyin.

Meituan is understandably cautious about venturing into international markets, but its declining market position may ultimately force its hand.