Long

Accumulating more of this company, Meituan

By dchua1969

Updated

Already the market leader in food delivery in China, this amazing company is set to grow further. Inflationary or deflationary environment, people still have to eat and at today's 10-20 set meal being pushed out , the consumer's review on its platform become a first seek out approach to eating out/in. On top of that, people are also using this app to order travel tickets , concert tickets etc.

I am equally excited about its investment in the drones sectors where it would replace some of the manual delivery workers in harder to reach destinations - mountaintops, rural villages where it is difficult to travel by road.

I hope it would come down to the accumulation zone so I could add more shares.

Please DYODD

Trade active

scmp.com/tech/big-tech/article/3288936/chinas-meituan-expand-keeta-food-delivery-service-more-middle-east-cities-sources-say?module=top_story&pgtype=homepage

Trade closed: target reached

cnbc.com/2024/12/10/asia-pacific-markets-set-to-open-mostly-higher-as-investors-await-australia-rate-decision-.html

Note

added more

dchua1969

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