$MEITUAN-W(03690)$ feels pretty undervalued right now. Its core food delivery business is rock solid, and they’re now ramping up efforts in online grocery and same-city express delivery. Plus, with tourism bouncing back, their local services are getting a nice boost. Q1 earnings already showed clear momentum in several areas，among all the big internet names, Meituan’s growth rate is one of the strongest.
I mean, think about it: if there wasn’t real opportunity here, would $JD-SW(09618)$ be burning cash just to join the food delivery game? It’s not for the social benefits package, that’s for sure. Even with heavy subsidies, no one's been able to shake Meituan’s dominance. And let’s be real，those e-commerce giants can't afford to keep losing money on food delivery forever. Even Ele.me has been bleeding money for years. So yeah, at this price, Meituan looks like a pretty solid bet.
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