{"id":958064,"date":"2025-08-28T07:24:23","date_gmt":"2025-08-28T01:54:23","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=958064"},"modified":"2025-08-28T07:45:13","modified_gmt":"2025-08-28T02:15:13","slug":"chinese-food-delivery-company-meituans-profit-slides-as-competition-intensifies","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/08\/28\/chinese-food-delivery-company-meituans-profit-slides-as-competition-intensifies\/","title":{"rendered":"Chinese food delivery company Meituan&#8217;s profit slides as competition intensifies"},"content":{"rendered":"<p>China&#8217;s leading food delivery group Meituan posted an 89% drop in second-quarter adjusted net profit on Wednesday, hit by rising competition in the so-called instant retail sector, which delivers goods within the hour. <\/p>\n<p>Meituan has nearly 70% of China&#8217;s delivery market, Morningstar analyst estimates show, but the company warned that the defence of its customer base will prove expensive in the face of intensifying competition and profit margins will be under pressure in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s leading food delivery group Meituan posted an 89% drop in second-quarter adjusted net profit on Wednesday, hit by rising competition in the so-called instant retail sector, which delivers goods within the hour. Meituan has nearly 70% of China&#8217;s delivery market, Morningstar analyst estimates show, but the company warned that the defence of its customer base will prove expensive in the face of intensifying competition and profit margins will be under pressure in the near term.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-958064","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/958064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=958064"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/958064\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=958064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=958064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=958064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}