Meituan

With heavyweight Douyin encroaching on its market share, Meituan cannot afford to remain in autopilot mode.

The president of Meituan’s in-store business candidly discussed the company’s prospects in his new year’s message, addressing the challenges posed by competitors like Douyin.

Meituan is understandably cautious about venturing into international markets, but its declining market position may ultimately force its hand.

Delivery Hero has confirmed ongoing discussions regarding a partial sale of its Southeast Asian operations, a response to the challenges it is navigating in the post-pandemic landscape.

With Meituan in the lead, Douyin posing a challenge, and other contenders striving to catch up, the jury is still out on the future state of China’s local lifestyle sector.

The Chinese on-demand shopping platform has maintained its leading position despite the arrival of a new competitor in the form of ByteDance-owned Douyin.

Meituan’s revenue from food delivery was more than double that of Alibaba’s Ele.me in Q3 2021.

The recent offering pits Kuaishou against Douyin as short video platforms facilitate sales for retail and F&B businesses.