Nomura: Meituan may become the last "winner" in the takeaway battle
On July 7th, Shijia Long, head of the China Internet and Media sector at Nomura, stated at a media sharing conference that in the latest round of the food delivery price war, despite incurring high costs, Meituan, as the industry's pioneer and leader, will ultimately become the last "winner" in the food delivery market, occupying the largest market share. Shijia Long pointed out that JD.com’s investment scale in the food delivery sector exceeded market expectations, and Meituan's and Alibaba's responses to its aggressive investments were also much stronger than anticipated. However, it is expected that once the competition in the food delivery market settles, Meituan and Alibaba will still dominate the market, while JD.com will only be able to occupy a limited share