Food Delivery War loses the shares of "methan" and "jdd.com" 100 billion dollars

The shares of “Meituan” and “JD.com” (jd.com) have lost a total of $ 100 billion to the market value since late last year, in an indication of the expensive effects of the struggle to acquire a greater stake in the food delivery market in China. The shares of the two companies included on the Hong Kong Stock Exchange fell by more than 30% of their peaks registered in early October to be one of the worst performance on the ‘Hang Singh Technology’ index. The shares were damaged by the transformation of companies with advanced capabilities in the field of artificial intelligence, powered by the technological advances made by Deepseek, while “JDD.com” made use of a strategy that burned the cash liquidity to improve the platform for food services. As far as the share of ‘Methan’ is concerned, it has reduced some of its losses after it ended up by more than 5% today after the results of the first quarter in March last year ended, but it is still with about 15% low since the beginning of this year.