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MEITUAN-W Forecasts Larger Loss in 3Q Local Biz, Won't Rush on Overseas Expansion
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MEITUAN-W (03690.HK) (MPNGY.US) has held its 2Q25 earnings call. Chinese media cited management saying that the company plans to ramp up investments in response to the historically high level of subsidies offered by other platforms and increase its input for the industry ecosystem. On top of its scale advantage in food delivery, MEITUAN-W intends to raise subsidies to ensure price competitiveness and a stable fulfillment experience. Consequently, its core local business is expected to incur larger losses in 3Q25. MEITUAN-W will adjust its investment scale based on the competitive landscape and strategic dynamics. As industry subsidies gradually return to rational levels, it believes food delivery will also return to reasonable profit levels. Regarding overseas expansion, MEITUAN-W is reported to have selected Saudi Arabia as its first overseas destination, followed by Qatar and Brazil. Management revealed that MEITUAN-W began its overseas expansion in 2023 and has made good progress, so there is no rush to accelerate the overseas expansion pace. AAStocks Financial News |
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