Meituan Class B

03690: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Meituan Earnings: Valuation Cut by 8%; Expect Strong Growth in Instashopping and In-Store

Chelsey Tam

Aug 28, 2025

Meituan's second-quarter EBIT fell 98% year on year, and core local commerce, or CLC, EBIT dived 76% or CNY 11.5 billion due to intense food-delivery competition. It expects a significant loss in CLC in the third quarter. In-store business order volume surged over 40%; annual users grew over 20%.

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Meituan Class B

Meituan Earnings: Valuation Cut by 8%; Expect Strong Growth in Instashopping and In-Store

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