---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38738614.md"
description: "$MEITUAN(03690.HK) The loss in the first three quarters was 204, and the full-year loss was 240, indicating that the loss in the fourth quarter has already shrunk. Waiting for a return to profitability in Q1 2026."
datetime: "2026-02-14T00:42:07.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38738614.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38738614.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38738614.md)
author: "[Kwin纵横四海](https://longbridge.com/en/profiles/11674392.md)"
generator: "portal-rs"
---

# $MEITUAN(03690.HK) The loss in the first three qua…


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## Comments (13)

- **超级无敌涨停板 · 2026-02-14T02:23:44.000Z · 👍 2**: The contraction in the fourth quarter was because Meituan reduced subsidies, while Alibaba is still burning money. Alibaba's order volume is almost catching up with Tuanzi, and the first quarter is estimated to be even worse. Meituan's new subsidy policy is to make merchants provide more subsidies. 
  - **大杀四方的小何** (2026-02-14T11:17:00.000Z): Is the opportunity you see really an opportunity? Is Wang Xing an incompetent talent?
  - **超级无敌涨停板** (2026-02-14T12:46:35.000Z): The world is moving forward with unstoppable momentum. If you think the ultimate goal of the universe is just delivering takeout, I have nothing to say.
  - **大杀四方的小何** (2026-02-14T12:51:48.000Z): Always overestimate the changes in one or two years and underestimate the changes in ten years.


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