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Meituan 243B Loss as AI Reshapes Delivery

Meituan 243B Loss as AI Reshapes Delivery

Meituan warns of 233-243B RMB Q4 loss, share halves amid subsidy wars eroding 70% to 50% market share against Alibaba, JD. Alibaba's Qianwen AI hubs ecosystem for one-command ordering, hitting 41B instructions in Spring Festival. Meituan acquires Dingdong Maicai for warehouses but trails in AI.