---
title: "$MEITUAN(03690.HK) To be honest, this company has no moat at all. The difference with Tencent is tha"
description: "$MEITUAN(03690.HK) To be honest, this company has no moat at all. The difference with Tencent is that you can completely do without Meituan, but you can't do without WeChat."
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/38714952.md"
published_at: "2026-02-13T03:30:29.000Z"
author: "[新用户_sBkoYC](https://longbridge.com/en/profiles/16657361)"
---

# $MEITUAN(03690.HK) To be honest, this company has no moat at all. The difference with Tencent is tha

$MEITUAN(03690.HK) To be honest, this company has no moat at all. The difference with Tencent is that you can completely do without Meituan, but you can't do without WeChat.

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
