When Meituan’s new initiative segment will turn into profit?
Awesome job from Meituan’s management team on such a great achievement become position 1 within a year in Hong Kong for takeaway business: https://www.moomoo.com/community/feed/112406226534406?share_code=00Xh5c
Continuous good news to boost Meituan revenue for in-store/hotel/tourism segment: https://www.moomoo.com/community/feed/112397639811078?share_code=00Xh5W
Previous track record:
* Takeout business (餐飲外賣): started in 2013/4 and reached profit in 2011. Length: 8 years
* In-store/hotel/tourism (到店、酒店及旅遊): started in 2010 and reached profit in 2018. Length: 8 years
* New business segment (Select 美團優選, Xiaoxiang Supermarket 小象超市) started in 2018. If with same 8 years period, it will turn into profit by 2026!
With past experience and recent result note on new initiative, it might be able to bring forward the breakeven earlier than 2026?!
* Takeout business (餐飲外賣): started in 2013/4 and reached profit in 2011. Length: 8 years
* In-store/hotel/tourism (到店、酒店及旅遊): started in 2010 and reached profit in 2018. Length: 8 years
* New business segment (Select 美團優選, Xiaoxiang Supermarket 小象超市) started in 2018. If with same 8 years period, it will turn into profit by 2026!
With past experience and recent result note on new initiative, it might be able to bring forward the breakeven earlier than 2026?!
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