MEITUAN-W (03690.HK) +1.800 (+1.434%) Short selling $865.25M; Ratio 16.815% and BABA-W (09988.HK) +3.300 (+2.933%) Short selling $1.44B; Ratio 15.026% (BABA.US) launched the “Crazy Saturday” promotion campaign concurrently from July 5, wrestling for orders through “Zero-Yuan-Purchase” vouchers and discount coupons. Meituan poured in RMB300-400 million in subsidies on Saturday (12th), while Taobao Instant Commerce’s subsidies surpassed RMB1.2 billion, with both platforms spending a total of approximately RMB1.6 billion. Chinese media reported.Related NewsCCBI Cuts BABA-W's TP to HKD146.1; Intensified Investment in Instant Retail to Impact Earnings in STThis year's food delivery war was ignited by JD, which launched a 10-billion-yuan subsidy to vie for orders in early April. In response to the competition between Meituan and Taobao, JD-SW (09618.HK) +3.700 (+2.972%) Short selling $335.24M; Ratio 12.690% recently stated that the “Zero-Yuan-Purchase” and other malicious subsidies in this food delivery battle are severe involution competition and malicious competition, in which they did not engage at all.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)