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Clear victories are rare when internet giants lock horns. Douyin and Meituan’s drawn-out fight in the city of Wenzhou illustrates how these battles can play out.

Douyin’s slowed aggression has allowed Meituan to rebound with reduced losses and a surge in daily orders.

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.

Tied to the fortunes of SoftBank’s Vision Fund, the tech sector must now sink or swim.

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

Whether Alibaba sells those businesses or not, it’s growingly evident that the Chinese tech giant is shifting its focus from new retail back to e-commerce.

In a message to all employees, Yu Yongfu, CEO of Ele.me, sought to quash the rumors before they escalate further.