Meituan will suffer a massive loss of 23.4 billion yuan in 2025. Wang Xing states his firm opposition to irrational "involution" competition.

WealthCoffee · 2026-03-27T15:25:23+00:00

Meituan's 2025 financial report shows the company's operating revenue was 364.855 billion yuan, an increase of 8.1% year-over-year, but the growth rate has significantly slowed. The annual loss reached 23.4 billion yuan, mainly due to increased competition in the food delivery market and higher overseas investments. This is the first time Meituan has reported a loss since turning profitable in 2024.

WealthCoffee

2026-03-27 15:25:23

Abstract generation in progress

[Caixin] The impact of the market share battle and price war in the food delivery sector on Meituan is reflected in its 2025 performance, with an annual loss reaching 23.4 billion yuan and a significant slowdown in revenue growth; however, part of the loss comes from increased investment in overseas markets.

On the evening of March 26, Meituan (03690.HK) released its financial report for the fourth quarter and the whole year of 2025. In 2025, Meituan achieved revenue of 364.855 billion yuan, a year-on-year increase of 8.1%, a substantial slowdown compared to the growth rates of 25.8% and 22% in the previous two years. Notably, Meituan, which had just achieved two consecutive years of profitability, fell back into losses in 2025 with a net loss of 23.354 billion yuan, compared to a profit of 35.808 billion yuan in 2024.

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