$MEITUAN-W(03690)$ is holding up strong，the market still believes in it. On the first day of the 618 sales event, liquor sales exploded. Subsidized prices for premium spirits like Feitian Moutai dropped to ¥2069 and Wuliangye to as low as ¥859. What looks like a food delivery battle is actually a stealthy disruption of the traditional liquor distribution model. With its massive user base and lightning-fast logistics, Meituan is quietly squeezing out the old-school distributors.
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