---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42038233.md"
description: "$MEITUAN(03690.HK) I've thought about the long-term logic of internet platforms, and it's hard to be optimistic: under the monopoly of traffic channels, profits are unidirectionally concentrated towards the platforms, while the profitability of individual businesses and small vendors continues to be under pressure. From a livelihood perspective, regulation will only keep tightening.Platforms can no longer replicate the high-speed expansion and profit-making conditions of the early years. Without substantial positive catalysts, the risks of long-term holding far outweigh the opportunities."
datetime: "2026-06-22T02:20:07.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42038233.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42038233.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42038233.md)
author: "[Kwin纵横四海](https://longbridge.com/en/profiles/11674392.md)"
---

# $MEITUAN(03690.HK) I've thought about the long-ter…


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## Comments (4)

- **外卖小子给点力啊 · 2026-06-22T20:53:17.000Z**: You're lucky, my Meituan stock has dropped 42% 😭
  - **Kwin纵横四海** (2026-06-23T04:16:20.000Z): Reduced the position by half
- **华丽转身 · 2026-06-22T03:06:09.000Z**: China's economy is not doing well, the Hang Seng TECH Index can't rise, we can only endure it.
  - **Kwin纵横四海** (2026-06-23T04:16:58.000Z): Sigh, I'm cutting my losses and exiting.