HKG:3690 (Meituan) End of China Internet ?

Meituan has been our 2nd largest position since 2020.
Once we cashed out this stock out during late 2020 at 280~290HKD and then jump into US tech stock 100% at the end of 2020.

We had an opportunity to buy this company again at lower price on Tech Crackdown & Common Prosperity policy.
At first effect from bad news , stock fell sharply from 300HKD -> 190HKD within a week or two
During bad news , Meituan was fined again and again and price seem to stop falling.

That was our accumulation period.

Though Q3/21 , earning report reflex slower growth in China but it is still growing.
Chinese spending / consumption is still growing in long term and Meituan must be in a part of that.

With excellent execution in the past I bet this company keeps adapting and evolving to be in a part of long term China growth.
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