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Meituan remains locked in a battle with Alibaba Group and JD.com to defend its market leadership in food delivery. All three have thrown billions of dollars into aggressive discounts and heavy marketing to win over customers, drawing repeated warnings from authorities.Beijing-based Meituan on Monday said its net loss was 6.83 billion yuan, equivalent to $1.01 billion, for the first three months of the year. That was smaller than the 15.14 billion yuan loss it recorded in the final quarter of 2025 and compared with net profit of 10.06 billion yuan in the year-ago period.Revenue climbed to 91.04 billion yuan for the first quarter, with year-over-year 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The group achieved revenue of 91.039 billion yuan, representing a 5.6% year-on-year increase. 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