This year has been a tough one for Meituan ( OTCPK:MPNGF ). And cutthroat competition is to blame. In my initial article on Meituan in 2023, I played down the competitive threat somewhat. But the entryAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking ...