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MEITUAN-W Stays Upbeat on Long-term Growth Potential of CN Catering Mkt; Target Still 100M Orders Per Day
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MEITUAN-W (03690.HK) Chairman and CEO Wang Xing voiced his optimism about the long-term growth potential of China's catering market. Food delivery services are increasingly becoming an essential, high-frequency service in users’ daily lives. This structural shift in consumption habits will continue to drive further penetration for MEITUAN-W and provide momentum for the industry's long-term growth. As service coverage continues to expand, MEITUAN-W is helping merchants reach and serve a broader consumer base, he added. In fact, the overall user base of the industry is still expanding. On one hand, food delivery services are further penetrating price-sensitive consumer segments; on the other hand, MEITUAN-W is enhancing its ability to serve users who demand higher quality and more diversified consumption experiences, thereby driving continuous expansion of its user base. At the same time, leveraging new technologies such as AI to continuously improve efficiency and enhance user experience is also paramount to the development of the entire industry. These factors form the true foundation for healthy and sustainable growth of the sector, and they are the areas where MEITUAN-W will steadfastly continue to invest. The company remains confident in the industry's long-term growth potential. Achieving a sustainable, high-quality daily average of 100 million orders remains its long-term goal. AASTOCKS Financial News |
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