---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/24085906.md"
description: "Several years ago, I started writing articles about consumption downgrading and authored several in-depth pieces on the retail industry. Back then, I clearly identified two companies that would benefit from consumption downgrading: Pinduoduo and MINISO. Later, I also researched VIPSHOP and Meituan.At this moment, if you ask me about my views on these two companies, I remain very clear: Pinduoduo and Meituan are the two domestic retailers I am most optimistic about, and their potential may exceed most people's expectations. On the other hand, the potential of MINISO and VIPSHOP might not be as high as many imagine."
datetime: "2024-09-25T02:42:12.000Z"
locales:
  - [en](https://longbridge.com/en/topics/24085906.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/24085906.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/24085906.md)
author: "[小郑嘻嘻](https://longbridge.com/en/profiles/7200340.md)"
---

# Several years ago, I started writing articles abou…


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## Comments (1)

- **只做认知内的事 · 2024-09-25T08:24:15.000Z**: 我倒是看好名创、美团、携程。拼多多的话有增长力度，但是他之前自砍一刀是有点伤。注意力在扶持商家上了。近期反而可以看看携程。美团的话 10 月会在中东有动作。可以看到低点买入。携程也因为出海，利润率大增。