HONG KONG -- Chinese food delivery giant Meituan is doubling down on overseas expansion as it warns that "irrational and unhealthy" competition in the domestic sector will lead to a significant decrease in operating profit for the current quarter.
JD.com's entry adds pressure to win over customers, restaurants and couriers
A Meituan delivery worker picks up a food order at a shopping mall in Beijing. Competition in China's food delivery market is heating up.
HONG KONG -- Chinese food delivery giant Meituan is doubling down on overseas expansion as it warns that "irrational and unhealthy" competition in the domestic sector will lead to a significant decrease in operating profit for the current quarter.