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Meituan’s 500% Estimate Surge May Revive China Delivery Stocks
Source: Bloomberg
Corporate EarningsConsumer Demand & RetailAntitrust & Competition
The newest earnings results indicate that the drag from China’s intense food-delivery price competition is fading faster than expected, easing pressure on sector stocks. The change suggests downside from pricing pressure is abating sooner, improving the near-term earnings outlook for delivery platforms and related names.
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