Meituan Focuses on High-Quality Growth

Even Meituan $MEITUAN(MPNGF)$ $MEITUAN-W(03690)$ did a great job handling their ER despite the obvious slowdown in revenue growth.

Towards the end of their results announcement, Meituan stated, "Through our ongoing efforts, we aim to enhance value for all the stakeholders in our ecosystem, driving high-quality development in China’s local commerce industry and fulfilling our mission that “We help people eat better, live better.""

Contrast with $PDD Holdings Inc(PDD)$ CEO's statement:

"We are committed to transitioning toward high-quality development and fostering sustainable ecosystem. We will invest heavily in the platform’s trust and safety, support high-quality merchants, and relentlessly improve the merchant ecosystem. We are prepared to accept short-term sacrifices and potential decline in profitability."
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https://x.com/BrianTycangco/status/1828986736439107819

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Comments

YueShan
08-30
YueShan
Good⭐️⭐️⭐️

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