To be honest, I added a full position in Meituan when it was at 170 recently. The valuation of 1 trillion RMB was quite appealing. Logically, buying in September could have been 30-40% cheaper. However, over the past month, both subjectively and objectively, Meituan has changed in the eyes of most people. It's no longer the same Meituan, even when benefiting from the bullish market sentiment driven by National Day consumer spending.
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