Instant Retail

  • Meituan Executive Says End to Food Delivery War Hinges on Rationality

    Meituan’s local commerce CEO, Wang Putao, addressed concerns about China’s food delivery “war,” acknowledging user anxieties and merchant fatigue caused by intense competition and subsidies. He suggested a return to “rational business judgment” as a path to resolution. Wang outlined potential war-ending scenarios, including annexation, stalemate, or external intervention. Industry insiders view the delivery battle as a platform competition for instant retail dominance, but the long-term sustainability of heavy subsidization is questioned. The benefits for riders and consumers are likely temporary.

    2025年7月16日
  • Meituan Servers Crash Under 120 Million Orders in a Single Day: A Digital Stampede

    Meituan’s instant retail platform experienced an unprecedented surge on July 5th, processing over 120 million orders, with food delivery exceeding 100 million. This marked the start of the summer season and led to temporary server disruptions due to overwhelming demand. Meituan assured users and merchants that services were restored and negative impacts would be mitigated.

    2025年7月5日
  • Meituan Q1 Revenue Hits $12.1B with 500M+ Quick Commerce Users, Gen Z Becomes Top Spending Group

    Meituan reported strong Q1 2025 earnings, with total revenue reaching RMB 86.6 billion ($12.2 billion), driven by its ultra-fast delivery service Instashopping hitting 500 million users. Millennials (18-34) constitute 55% of users, fueling a 135% YoY surge in daily FMCG orders and 88% growth in electronics sales. The company invested RMB 5.8 billion in AI logistics optimization and plans a $14.1 billion three-year initiative for supply chain innovation and drone networks, aligning with China’s goal to achieve RMB 4 trillion instant retail GMV by 2027. CEO Wang Xing highlighted real-time delivery as reshaping consumer expectations.

    2025年5月26日