MEITUAN-W (03690.HK) +0.600 (+0.493%) Short selling $1.89B; Ratio 27.601% (MPNGY.US) has recently held a high-quality development forum for the food delivery industry in Shanghai.During the forum, multiple national chain brands, local Shanghai restaurants, and individual merchants raised concerns about being forced to join price wars, with the average order price for deliveries dropping by RMB7-10, income decreasing by 15%, and the possibility of reduced consumer spending if subsidies end.Related NewsCLSA: Subsidy War Causes JD-SW/ BABA-W to Lose RMB10B on Instant Retail Biz in 2QExperts at the meeting emphasized that price wars would compress the survival space of small- and medium-sized businesses, and a large amount of resources would be consumed in subsidies, inhibiting the industry's innovation capacity. They suggested that small- and medium-sized businesses should be provided with fair competition opportunities to avoid vicious price wars.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)