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MEITUAN-W Voices Intact Long-term Confidence in Mideast Mkt; Globalization Remains One of Long-term Strategic Goals
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Speaking of the Middle East market, MEITUAN-W (03690.HK) Senior Vice President and CFO Chen Shaohui said that certain growth indicators have experienced some short-term jolts amid the current regional situation, yet such impacts have remained within a controllable range so far. The group's long-term confidence in the Middle East market has not changed, the CFO accentuated. The company continues to regard the region as one of the most attractive instant delivery markets globally. At the moment, the market is still maintaining relatively fast growth, with industry penetration remaining at a low level and consumers demonstrating strong willingness to pay. Even in the current challenging environment, MEITUAN-W clearly observes an accelerating trend of offline consumption shifting to online consumption. Consumer awareness and acceptance of quick commerce and instant delivery services continue to ascend, while overall online penetration of the industry is steadily increasing. From a broader perspective, he noted that globalization has always been one of MEITUAN-W's long-term strategic goals. Responding to a complex geopolitical environment is also a critical capability that the company must continuously develop and enhance. Going forward, MEITUAN-W will further fortify its platform risk management capabilities and build an organizational structure better suited to global operations. In the meantime, it will grow together with local partners and continue to create value for users, merchants and riders in local markets. AASTOCKS Financial News |
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