Meituan is currently down 0.4%. At one point, it fell 3.9% in the intraday period, hitting a seven-month low. The stock closed down 8.1% on Wednesday as competition with JD escalated. Meituan officially launched the instant retail brand “Meituan Flash Sale” on Tuesday, with an average delivery of 30 minutes after order placement. In the Meituan Flash Sale video account, the speed of flash sales is compared with online shopping. It mentions the caption “Wait until you wait” when shopping online. The picture shows a puppy, similar to the JD logo. Later that day, JD posted an article on its official public account saying “JD doesn't fight a war of words, but it will insist on telling the truth,” stating that due to the rapid development of the second delivery business, it will recruit no less than 50,000 full-time takeaways this quarter, pay the full amount of the five insurances and one fund in full, and that all expenses will be borne by the company.

Meituan is currently down 0.4%. At one point, it fell 3.9% in the intraday period, hitting a seven-month low. The stock closed down 8.1% on Wednesday as competition with JD escalated. Meituan officially launched the instant retail brand “Meituan Flash Sale” on Tuesday, with an average delivery of 30 minutes after order placement. In the Meituan Flash Sale video account, the speed of flash sales is compared with online shopping. It mentions the caption “Wait until you wait” when shopping online. The picture shows a puppy, similar to the JD logo. Later that day, JD posted an article on its official public account saying “JD doesn't fight a war of words, but it will insist on telling the truth,” stating that due to the rapid development of the second delivery business, it will recruit no less than 50,000 full-time takeaways this quarter, pay the full amount of the five insurances and one fund in full, and that all expenses will be borne by the company.