Meituan

Meituan Shangou, its quick commerce business, could play a significant role in its strategy to counter competition from main rival Douyin.

The leading Chinese operator is eyeing expansion into other markets.

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.