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date
29/08/2025
Federal Reserve's Powell: There is no established order in terms of the speed of interest rate cuts.
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Meituan stated in its financial report that the significant decline in operating profit in the second quarter was due to "irrational competition in the food delivery industry." How intense has the competition been in the food delivery market in the past few months? Ma Liang, a professor at Peking University's School of Government Management, said that the vicious competition in the food delivery market may seem to benefit consumers, but in reality, it is detrimental to market order, social development, and ecological environment protection. Platform enterprises participating in subsidy wars have made huge investments, resulting in reduced profits for related businesses, uncertainty for employees and delivery drivers busy taking orders, and consumers facing the risk of "you get what you pay for" in the future. At the same time, the introduction of a large amount of low-priced or even free food delivery has led to the creation of massive amounts of disposable garbage, posing a threat to environmental protection. The vicious competition in the food delivery market has brought multiple negative consequences, which is why government departments need to intervene. Relevant departments have held multiple discussions with platform enterprises to guide the healthy and standardized development of the food delivery market. It is suggested that government departments pay attention to the vicious competition in the food delivery market, resolutely crack down on the internal competition, and regulate the market for orderly competition as soon as possible. (CCTV)
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