Goldman Sachs: "Buy" ratings for JD.com and Meituan. The competitive landscape is stabilizing, and the target price has significant upside potential.

Goldman Sachs has released a research report stating that JD's delivery service, which was launched less than two months ago, has experienced faster growth in order volume than expected, reaching one-sixth of Meituan's daily order volume. Goldman Sachs believes that the risk-return of JD is attractive, maintains a "buy" rating, and is also included in the conviction buy list. Goldman Sachs also gives Meituan a "buy" rating, believing that its valuation is trending upward. Once the competitive landscape stabilizes, both companies have significant upside potential.