Meituan Losses Balloon as Food-Delivery Battle With Alibaba Intensifies

Meituan is prioritizing market share over profit, expanding into ride and bike sharing, and venturing into restaurant management services. Despite economic concerns, Meituan remains optimistic about the long-term demand for food delivery in China. The company is cautious about further expansion and is adjusting its strategies in response to macroeconomic factors.

What is Meituan's strategy for gaining market share?

• Reducing acquisition costs

• Focusing solely on food delivery

• Increasing product prices

• Sacrificing profits

Which new initiative is Meituan cautious about expanding?

• Food delivery

• Restaurant management services

• E-commerce

• Ride and bike sharing

What is a key competitor to Meituan's restaurant management services?

• Didi Chuxing

• Alibaba

• Mates High

• Uber Eats

Why is Meituan scaling back its ride and bike sharing operations?

• Government regulations

• High profitability

• Economic slowdown

• Lack of demand

What is Meituan's long-term outlook on food delivery in China?

• Declining demand

• Stable demand

• Uncertain demand

• Increasing demand