bearish

Meituan

Meituan: Scaling Back Ride-Hailing Business to Maintain Margins

348 Views13 Mar 2023 17:12
Meituan is restructuring its ride-hailing biz. Though this sounds like a good move and drive margins, we expect this to have a minimal impact with increased competition, 10k new jobs and HK expansion.
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Shifara Samsudeen, ACMA, CGMA
Equity Analyst
LightStream Research
JapanIndustrialsEquity Bottom-UpEquity Capital Markets
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