Meituan (03690.HK) Wang Puzhong discusses the food delivery battle: calling for four months, the industry still remains in an irrational state.

"The largest subsidy war in the history of the Chinese Internet is in full swing in the takeout field. JD.com (09618.HK) and Alibaba (09988.HK) have successively announced that they will invest 80 billion for this, forcing Meituan (03690) to join the battle and bring the daily order volume to an all-time high."