Tillkännagivande • Jun 28
Meituan Announces Board and Committee Changes Meituan announced at its AGM held on June 26, 2026, that Mr. Yiu Kin Wah Stephen has been appointed as an independent non-executive Director with effect from the conclusion of the AGM. Mr. Orr Gordon Robert Halyburton retired as an independent non-executive Director upon conclusion of the AGM in order to devote more time on his other commitments. As the ordinary resolutions numbered 2 and 3 set out above were duly passed by the Shareholders at the AGM, (i) Mr. Yiu Kin Wah Stephen has been appointed as a member and chairperson of the audit committee of the Company; and (ii) Ms. Yang Marjorie Mun Tak has been appointed as a member of the corporate governance committee of the Company, each with effect from the conclusion of the AGM. Tillkännagivande • Jun 06
Meituan Announces Board and Committee Changes Meituan announced that, on June 4, 2026, Mr. Yiu Kin Wah Stephen has been nominated by the Board and proposed for election as an independent non-executive Director by the shareholders of the Company (the "Shareholders") at the forthcoming annual general meeting (the "AGM") by way of an ordinary resolution. Mr. Yiu is proposed to be elected to succeed Mr. Orr Gordon Robert Halyburton, an independent non-executive Director, who has informed the Board that he has decided not to offer himself for re-election at the AGM in order to devote more time on his other commitments. Mr. Orr Gordon Robert Halyburton will retire from the Board after the conclusion of the AGM. The Company further announces that, following Mr. Orr Gordon Robert Halyburton ' s retirement, (i) subject to Mr. Yiu being elected as an independent non-executive Director by the Shareholders at the AGM, Mr. Yiu will be appointed as a member and chairperson of the audit committee of the Company, with effect from the conclusion of the AGM; and (ii) Ms. Yang Marjorie Mun Tak will be appointed as a member of the corporate governance committee of the Company, with effect from the conclusion of the AGM. Tillkännagivande • Jun 05
Meituan, Annual General Meeting, Jun 26, 2026 Meituan, Annual General Meeting, Jun 26, 2026, at 14:00 China Standard Time. Location: meituan exhibition center (beijing), building a, 1st floor, south conference area, no. 4 wang jing east road, chaoyang district, beijing China Tillkännagivande • May 21
Meituan to Report Q1, 2026 Results on Jun 01, 2026 Meituan announced that they will report Q1, 2026 results After-Market on Jun 01, 2026 Tillkännagivande • Mar 16
Meituan to Report Fiscal Year 2025 Results on Mar 26, 2026 Meituan announced that they will report fiscal year 2025 results on Mar 26, 2026 Tillkännagivande • Feb 13
Meituan Provides Earning Guidance for the Year Ended December 31, 2025 Meituan provided earning guidance for the year ended December 31, 2025. For the period, the Group expects to record a loss in the range of approximately RMB 23,300 million to RMB 24,300 million for the year ended December 31, 2025 (the "FY2025"), as compared to a profit of approximately RMB 35,808 million for the year ended December 31, 2024 (the "FY2024"). The expected loss of the Group in FY2025 was primarily due to a reversal from an operating profit of approximately RMB 52,415 million in FY2024 to an operating loss of approximately RMB 6,800 million to RMB 7,000 million in FY2025 for the Core Local Commerce segment, together with increased investments in the Group's overseas businesses. In particular, in response to the unprecedentedly intense industry competition in FY2025, the Group strategically increased investments across its entire ecosystem to strengthen its core advantages and drive sustainable growth. These initiatives mainly included: (i) on the consumer front, enhancing marketing and promotional efforts to strengthen brand awareness and price competitiveness, thereby continuously improving user transaction activity and engagement; (ii) on the delivery front, increasing incentives and enriching benefits for couriers to ensure service quality and enhance user experience; and (iii) on the merchant front, maintaining proactive resource investment to support merchants in improving operational efficiency, expanding consumer reach, iterating business models, and achieving steady growth. Tillkännagivande • Nov 18
Meituan to Report Q3, 2025 Results on Nov 28, 2025 Meituan announced that they will report Q3, 2025 results on Nov 28, 2025 Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to Mex$239, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 19x in the Hospitality industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$462 per share. Tillkännagivande • Aug 17
Meituan to Report First Half, 2025 Results on Aug 27, 2025 Meituan announced that they will report first half, 2025 results on Aug 27, 2025 Tillkännagivande • Jun 25
Naspers May Sell Part of Its 4% Stake in Meituan Naspers Limited (JSE:NPN) is prepared to sell down its ZAR 71 billion stake in the world's largest food delivery company following moves by China's Meituan (SEHK:3690) to enter Brazil, a market in which the JSE-listed group is already dominant. In May, Chinese technology and delivery giant Meituan said it was preparing to launch its food delivery service, Keeta, in Brazil. The company plans to invest $1 billion (ZAR 17.78 billion) over the next five years to establish and expand its operations in the country. This expansion marks Meituan's entry into the South American market. For Naspers, which holds a stake in Meituan of about 4%, the move presents a conundrum as it already operates one of the largest food delivery businesses in the region, iFood. Meituan's entry would see two of its associated companies directly competing in Brazil. During an investor call late on Monday, Naspers and Prosus CEO Fabricio Bloisi said the group may sell part of the stake in Meituan, using the funds to invest in its own e-commerce businesses. The former iFood CEO is bearish about the Chinese company's ability to crack the Latin America market, saying there is a high chance of failure. "Our strategy is to invest more in companies that reinforce our ecosystem and we are going to keep doing that aggressively. I think Meituan has less probability of winning internationally," said Bloisi. "They are going to face some tough competition. As a Meituan shareholder I am disappointed because their risk of failing increases. Therefore, we might sell part of the Meituan shares, [to invest] in other areas with more connection to our existing ecosystems." Such a move is likely to unlock a big cash pile for Naspers, whose Meituan stake is valued about $4 billion (ZAR 71.1 billion). Naspers acquired this stake in 2022 after Chinese internet giant Tencent decided to distribute its 17% stake in Meituan to shareholders. "If we say let's invest more in some businesses in Latin America that we believe will reinforce our ecosystem, we could sell part of [our] Meituan shares, or everything that we think is reasonable, to invest more to reinforce our ecosystem," Bloisi said. "And we are going to do that, looking to our shareholders. If we have opportunities to grow faster and better than Meituan in some of our ecosystems, we will do it." For Meituan, this move is part a broader global expansion strategy, following its previous expansions into Hong Kong and the Middle East. Tillkännagivande • May 16
Meituan, Annual General Meeting, Jun 09, 2025 Meituan, Annual General Meeting, Jun 09, 2025, at 14:00 China Standard Time. Location: meituan exhibition center, block a, hengjiweiye building, no. 4 wang jing east road, chaoyang district, beijing., China Tillkännagivande • May 14
Meituan to Report Q1, 2025 Results on May 26, 2025 Meituan announced that they will report Q1, 2025 results on May 26, 2025 Tillkännagivande • Mar 11
Meituan to Report Fiscal Year 2024 Results on Mar 21, 2025 Meituan announced that they will report fiscal year 2024 results on Mar 21, 2025 Tillkännagivande • Feb 28
KKR, Fountainvest and PAG Reportedly Among Those Eyeing Starbucks China Stake KKR & Co (KKR.N), Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks Corporation (NasdaqGS:SBUX) China business (Starbucks (China) Company Limited), four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest market. Chinese companies, including state-owned conglomerate China Resources (Holdings) Co., Ltd. and food delivery giant Meituan (SEHK:3690), have also been approached as potential buyers, said one of the sources with knowledge of the matter. Starbucks' Executive Vice President and Chief Financial Officer, Rachel Ruggeri, is expected to be among senior company executives visiting China in the coming weeks to hold sale talks, said two of the four sources. All the sources spoke on condition of anonymity as the information is not public yet. The talks come as Starbucks CEO Brian Niccol, who took the top job at the coffee chain in August, faces the daunting task of steering the company back to growth amid falling demand in the U.S. and China as well as a decline in its share price. Starbucks said on February 24, 2025 it would eliminate 1,100 corporate roles as Niccol's "Back to Starbucks" plan focuses on streamlining business through job cuts and by improving customer experience at its U.S. stores. The size of the stake to be sold in Starbucks' China business has not been determined and would be subject to negotiations, the sources said. The names of the interested bidders have not been previously reported. The Seattle-based company would likely prefer a franchisee deal with a strategic partner as part of a stake sale plan, said two of the sources. In a franchisee deal, Starbucks China would be valued at more than $1 billion, they added. A Starbucks spokesperson declined to confirm the content of the story and referred Reuters request for comment to Niccol's remarks on China at the earnings call in January, after his first market visit to China. Niccol said at the time that he saw several near-term changes Starbucks could make to strengthen its business while continuing to explore strategic partnerships to grow in China. KKR, PAG and China Resources declined to comment, while Fountainvest and Meituan did not respond. Starbucks is aiming to reach a deal for its China business by the end of this year, although the structure of the potential transaction has not been finalised and is subject to changes, two of the sources said. In China, the chain is dealing with sluggish economic growth and stiff competition from local brands such as Luckin Coffee, which has gained market share with cheaper products and wider coverage in lower-tier cities. Starbucks has been in informal talks with several private equity firms and companies since the second half of 2024 about strategic options for its business in China, home to more than a fifth of all Starbucks stores, the sources said. Tillkännagivande • Nov 19
Meituan to Report Q3, 2024 Results on Nov 29, 2024 Meituan announced that they will report Q3, 2024 results on Nov 29, 2024 Recent Insider Transactions • Sep 04
Co-Founder recently sold Mex$7.2m worth of stock On the 29th of August, Xing Wang sold around 26k shares on-market at roughly Mex$284 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$12m. Xing has been a net seller over the last 12 months, reducing personal holdings by Mex$14m. Reported Earnings • Aug 30
First half 2024 earnings released: EPS: CN¥2.70 (vs CN¥1.30 in 1H 2023) First half 2024 results: EPS: CN¥2.70 (up from CN¥1.30 in 1H 2023). Revenue: CN¥155.5b (up 23% from 1H 2023). Net income: CN¥16.7b (up 108% from 1H 2023). Profit margin: 11% (up from 6.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in South America. Tillkännagivande • Aug 29
Meituan (SEHK:3690) announces an Equity Buyback. Meituan (SEHK:3690) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its Class B ordinary shares. Tillkännagivande • Aug 15
Meituan to Report First Half, 2024 Results on Aug 28, 2024 Meituan announced that they will report first half, 2024 results on Aug 28, 2024 Recent Insider Transactions • Jun 19
Independent Non-Executive Director recently sold Mex$12m worth of stock On the 13th of June, Xuesong Leng sold around 43k shares on-market at roughly Mex$275 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$254m. Insiders have been net sellers, collectively disposing of Mex$1.1b more than they bought in the last 12 months. Reported Earnings • Jun 07
First quarter 2024 earnings released First quarter 2024 results: Revenue: CN¥73.3b (up 25% from 1Q 2023). Net income: CN¥5.37b (up 60% from 1Q 2023). Profit margin: 7.3% (up from 5.7% in 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in South America. Tillkännagivande • May 25
Meituan to Report Q1, 2024 Results on Jun 06, 2024 Meituan announced that they will report Q1, 2024 results After-Market on Jun 06, 2024 Tillkännagivande • Mar 22
Meituan Appoints Marjorie Mun Tak Yang as Member of the Audit Committee Meituan announced that, Ms. Marjorie Mun Tak Yang (Ms. Yang), an independent non-executive director of the company, has been appointed as a member of the audit committee of the company (the audit committee), with effect from March 22, 2024. Tillkännagivande • Mar 13
Meituan to Report Q4, 2023 Results on Mar 22, 2024 Meituan announced that they will report Q4, 2023 results After-Market on Mar 22, 2024 Tillkännagivande • Nov 17
Meituan to Report Q3, 2023 Results on Nov 28, 2023 Meituan announced that they will report Q3, 2023 results After-Market on Nov 28, 2023 Tillkännagivande • Aug 12
Meituan to Report First Half, 2023 Results on Aug 24, 2023 Meituan announced that they will report first half, 2023 results on Aug 24, 2023 Recent Insider Transactions • Jul 06
Co-Founder recently sold Mex$45m worth of stock On the 30th of June, Rongjun Mu sold around 167k shares on-market at roughly Mex$268 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by Mex$830m. Board Change • Jul 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Jul 01
Meituan Approves to Elect Marjorie Mun Tak Yang as an Independent Non-Executive Director Meituan at its AGM held on June 30, 2023, approved to elect Ms. Marjorie Mun Tak Yang as an independent non-executive Director. Tillkännagivande • Jun 27
Meituan Announces Executive Changes Meituan announced that Mr. Wang Huiwen has tendered his resignation as a non-executive director of the Company, a member of the nomination committee of the board of directors of the Company and an authorized representative of the Company each with effect from June 26, 2023, due to personal health reasons. Mr. Wang Huiwen confirmed that he has no disagreement with the Company and there are no circumstances related to his resignation above which need to be brought to the attention of the Stock Exchange and the shareholders of the Company. Following the Resignation, the Company announced that Mr. Mu Rongjun, executive Director, has been appointed as an Authorized Representative with effect from June 26, 2023. The company further announces that, following the Resignation, the composition of the Nomination Committee shall consist of Mr. Leng Xuesong and Dr. Shum Heung Yeung Harry, with Mr. Leng Xuesong continuously serving as the chairman of the Nomination Committee. Tillkännagivande • Jun 09
Meituan, Annual General Meeting, Jun 30, 2023 Meituan, Annual General Meeting, Jun 30, 2023, at 14:00 China Standard Time. Location: Command Center of Meituan Beijing Office, Block A Hengjiweiye Building, No. 4 Wang Jing East Road, Chaoyang District Beijing China Agenda: To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2022 and the reports of the Directors and independent auditor thereon; to consider conditional upon the passing of the special resolution set forth herein, to elect Ms. Marjorie Mun Tak Yang as an independent non-executive Director; to re-elect Mr. Wang Huiwen as a non-executive Director; to authorize the Board to fix the remuneration of the Directors; and to consider any other matters. Tillkännagivande • May 22
Meituan Launches Food Delivery Brand KeeTa Amid Hong Kong Debut Meituan introduced KeeTa, a new food delivery brand as it officially launches in the Hong Kong market, to provide residents with more customized, efficient and reliable delivery services. Following the initial launch in Mong Kok and Tai Kok Tsui, the Company expects KeeTa to complete full coverage of the Hong Kong market by the end of this year. The KeeTa app is now available for download in major mobile app stores. Delivery services via KeeTa will start at 8:00 a.m., May 22, 2023 local time. Notable merchants that have joined KeeTa include brands like McDonald's, Maxim's MX (Mei Xin MX), KFC, Yoshinoya(Ji Ye Jia), Pacific Coffee, and popular food and beverage shops such as hana-musubi (Hua Yu Jie), Hung Fook Tong (Hong Fu Tang), and CHICHA San Chen(Chi Cha San Qian). Each newly registered KeeTa user will receive a gift coupon package valued at HKD 300, including special meal offers and delivery fee reductions. Tillkännagivande • May 17
Meituan to Report Q1, 2023 Results on May 25, 2023 Meituan announced that they will report Q1, 2023 results After-Market on May 25, 2023 Reported Earnings • Mar 25
Full year 2022 earnings released: CN¥1.09 loss per share (vs CN¥3.90 loss in FY 2021) Full year 2022 results: CN¥1.09 loss per share (improved from CN¥3.90 loss in FY 2021). Revenue: CN¥220.0b (up 23% from FY 2021). Net loss: CN¥6.69b (loss narrowed 72% from FY 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in South America. Recent Insider Transactions • Jan 22
Co-Founder recently sold Mex$394m worth of stock On the 17th of January, Rongjun Mu sold around 1m shares on-market at roughly Mex$394 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by Mex$869m. Recent Insider Transactions • Jan 05
Co-Founder & Executive Director recently sold Mex$232m worth of stock On the 29th of December, Huiwen Wang sold around 512k shares on-market at roughly Mex$452 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Huiwen has been a net seller over the last 12 months, reducing personal holdings by Mex$257m. Reported Earnings • Nov 25
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.20. Revenue: CN¥62.6b (up 29% from 3Q 2021). Net income: CN¥1.22b (up CN¥11.2b from 3Q 2021). Profit margin: 1.9% (up from net loss in 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Online Retail industry in South America. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Sep 03
Co-Founder recently sold Mex$3.2m worth of stock On the 31st of August, Xing Wang sold around 7k shares on-market at roughly Mex$489 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$1.1b. Xing has been a net seller over the last 12 months, reducing personal holdings by Mex$76m. Reported Earnings • Aug 26
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥50.9b (up 17% from 2Q 2021). Net loss: CN¥1.12b (loss narrowed 67% from 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 21% growth forecast for the Online Retail industry in Mexico. Recent Insider Transactions • Jul 28
Insider recently sold Mex$1.1b worth of stock On the 21st of July, Nanpeng Shen sold around 2m shares on-market at roughly Mex$508 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$5.4b more than they bought in the last 12 months. Board Change • Jul 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Jul 05
Co-Founder recently sold Mex$84m worth of stock On the 30th of June, Rongjun Mu sold around 167k shares on-market at roughly Mex$504 per share. This was the largest sale by an insider in the last 3 months. This was Rongjun's only on-market trade for the last 12 months. Recent Insider Transactions • Jun 21
Co-Founder recently sold Mex$21m worth of stock On the 17th of June, Xing Wang sold around 40k shares on-market at roughly Mex$513 per share. This was the largest sale by an insider in the last 3 months. Xing has been a seller over the last 12 months, reducing personal holdings by Mex$60m. Reported Earnings • Jun 03
First quarter 2022 earnings released First quarter 2022 results: CN¥0.93 loss per share. Revenue: CN¥46.3b (up 26% from 1Q 2021). Net loss: CN¥5.70b (loss widened 18% from 1Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 30% growth forecast for the industry in Mexico. Board Change • May 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Oct 29
Insider recently sold Mex$2.0b worth of stock On the 25th of October, Nanpeng Shen sold around 3m shares on-market at roughly Mex$746 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$3.1b more than they bought in the last 12 months. Board Change • Oct 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 30
First quarter 2021 earnings released: CN¥0.82 loss per share The company reported a decent first quarter result with improved revenues, although losses increased and control over costs was weaker. First quarter 2021 results: Revenue: CN¥37.0b (up 124% from 1Q 2020). Net loss: CN¥4.85b (loss widened 207% from 1Q 2020). Reported Earnings • Apr 22
Full year 2020 earnings released: EPS CN¥0.81 (vs CN¥0.39 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥113.9b (up 18% from FY 2019). Net income: CN¥4.71b (up 110% from FY 2019). Profit margin: 4.1% (up from 2.3% in FY 2019). Reported Earnings • Dec 02
Third quarter 2020 earnings released: EPS CN¥1.08 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥35.4b (up 30% from 3Q 2019). Net income: CN¥6.32b (up 374% from 3Q 2019). Profit margin: 18% (up from 4.9% in 3Q 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Dec 02
Revenue beats expectations Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 49%, compared to a 30% growth forecast for the Online Retail industry in Mexico. 
