snoozi
2024-04-12

Regarding Meituan $MEITUAN-W(03690)$ $MEITUAN-WR(83690)$ , here's my take: Meituan has announced a new round of organizational restructuring aimed at making the entire structure more flat and youthful. Overall, Meituan weathered the pressure last year, with revenues and net profits exceeding expectations, achieving a turnaround from losses to profits for the year. However, over the past year, competition in the local life market has intensified, with giants like Alibaba $Alibaba(BABA)$ $Alibaba(09988)$ , Douyin (TikTok), and Kuaishou $KUAISHOU-W(01024)$ $KUAISHOU-WR(81024)$ rapidly expanding. To achieve healthier and more stable growth and cope with market competition, Meituan needs to make changes.

Looking at the industry, the trend towards younger executives in major companies has become prominent, with those born in the 80s and 90s entering management positions. Despite the changing times, talent is always the primary productive force. Moreover, Wang Xing is right when he says the market has underestimated Meituan's value, only valuing it based on its food delivery business.

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  • VivianChua
    ·2024-04-13
    Nice 💚 💚 💚
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