MT/ Meituan (3690 HK): 1Q24, Total Revenue Up by 25% and Initiatives Loss Down by 45%
Total revenue increased by 25% YoY and all business lines grew strongly. In 1Q24, the operating losses from new initiatives decreased by 45% YoY....
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Meituan Is the Biggest Beneficiary of China's Domestic Travel Recovery
Consumer enthusiasm for long-distance trips during the Dragon Boat Festival has cooled. Short-distance tours are popular, benefiting low-cost...
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[Blue Lotus Daily - TMT Update]:3690 HK/700 HK/SHEIN/4385 JP/Douyin
Short-distance trips boost Metiuan's prospects, while long-distance trips lag. Tencent's <valorant mobile> gets approval in June import game code....
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SMFG Cross-Shareholding - At Least US$17bn of Cross-Shareholding to Sell, Planning to Speed It Up
Following up on our earlier cross-shareholding notes, in this note we look at Sumitomo Mitsui Financial Group (8316 JP) cross-shareholding. SMFG...
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[Blue Lotus Daily - TMT Update]:PDD/SHEIN/AMZN/BABA US/JD US/3690 HK/1810 HK/700 HK/MNSO US
US CBP suspends customs brokers for Temu and SHEIN; upcoming regulatory policies on internet platform fees should not be overly negative; Beijing...
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