Full text | Meituan Q3 earnings conference transcript: The total investment in the "Dining Merchant Support Initiative" is 1 billion yuan.
Meituan (HKEX: 3690) released its financial report for the third quarter of 2024 today: revenue was 93.6 billion yuan, an increase of 22.4% year-on-year. Net income was 12.9 billion yuan, compared to 3.6 billion yuan in the same period of 2023; adjusted net income under non-International Financial Reporting Standards was 12.83 billion yuan, a year-on-year increase of 124.0%. After the financial report was released, Meituan's chairman and CEO Wang Xing, along with senior vice president and CFO Chen Shaohui, participated in a subsequent analyst conference call to interpret the financial report. The following is a transcript of the Q&A session during the conference call: Citic Securities analyst Ya Jiang: I
Japanese banks are reportedly planning to maintain their business relationship with Adani, while Barclays and other international banks are cautiously reassessing their exposures.
Despite the accusations of bribery against Gautam Adani by the usa, several major banks in japan plan to maintain business relations with the billionaire, while other global companies like Barclays are reassessing their risk exposure to this india conglomerate. According to informed sources, mizuho financial expects that the latest incident involving Adani will not have a lasting impact and intends to continue supporting the group. Sources also indicate that sumitomo mitsui financial and mitsubishi ufj financial have not withdrawn their plans and will remain open to providing new financing if needed in the future. Spokespersons for these three banks in Tokyo declined to comment. A representative of the Adani group did not respond.
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Full text | Baidu Q3 earnings conference record: expected to release new version Wenzhen early next year
Baidu (Nasdaq: BIDU; HKEX: 9888) released the financial report for the third quarter of 2024 ending on September 30th today: total revenue was 33.6 billion yuan, a 3% year-on-year decrease. The net income attributable to Baidu was 7.6 billion yuan. Using non-US GAAP, the net income attributable to Baidu was 5.9 billion yuan. After the financial report was released, Baidu's Chairman and CEO, Robin Li, President of the Mobile Ecosystem Business Group, Lu Rong, President of the Intelligent Cloud Business Group, Shen Dou, and Acting CFO He Junjie and other executives attended the subsequent earnings conference call to explain the key points of the financial report and answer analysts' questions. The following is the analysis and Q&A section.
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