Meituan has finally issued a profit warning for the fourth quarter. First, I'd like to disclose that I personally continue to hold Meituan shares and haven't reduced my position, but I haven't added to it either.
The core businesses (including food delivery, in-store services, and hotel & travel) are expected to incur a full-year loss of 70 billion,
with operating profits of 172 billion in the first and second quarters,
and a loss of 140 billion in the third quarter.
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