S&P Ratings raises the outlook for $MEITUAN-W(03690.HK)$ to positive, as the food-delivery giant plans to narrow losses in its new business and better financial discipline could improve profitability and cash flow visibility.
S&P's base case assumes adjusted EBITDA will grow more than 40% to 36 billion yuan in 2024, largely aided by lower losses at Meituan Select, the community group buying business.
$Hang Seng Index(800000.HK)$ $Hang Seng TECH Index(800700.HK)$ $Meituan ADR(MPNGY.US)$ $KraneShares CSI China Internet ETF(KWEB.US)$

$MEITUAN-W(03690.HK)$  
Why China Inflation is so low?
Combination of 2 reasons:
Reason 1 on production capacity: As export is slow down or reduced, manufacturer maintain its product output to keep cost per unit low.
Reason 2 on competition: Buyer will turn to competitor if there is hike in price as supply is not a concern.
 
This is my real experience this month: I bought a tiny item from “S” e-commerce platform in Malaysia with MYR 1.09 (free shipping) from China sell...

$MEITUAN-W(03690.HK)$
The cow 🐮 climbs the stairs slowly 👆

$Hang Seng Index(800000.HK)$ Congratulation!!!

$MEITUAN-W(03690.HK)$ Meituan will be the major beneficiary!

$MEITUAN-W(03690.HK)$
China 2023 GDP: up 5.2%
China online retail sale 2023: RMB 15.4T, up 11% compared to 2022
Meituan: revenue RMB 277B, up 25.8%
Therefore, the result is much better than China or online retail industry
2023 instant delivery order: 21.9 billion, up 23.9% compared to 2022.
From major cities observation, driver ratio stable at Meituan:Ele.me:Others 7:2:1
Expenditure for core local business: up 30% due to increase in biz size (revenue up 27%) and spend a b...

$Hang Seng Index(800000.HK)$
not financial advice BUT everytime for the last 5 years in the day to day chart when theres one bar of resistance it tends to go up 90% of the time assuming its gone down - excluding external factors purely based off charting.