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LB Select
2024.03.01 05:16

Understanding the market | Why did MEITUAN surge by 10%?

The following is market information, the authenticity cannot be confirmed.

MEITUAN's Rise Review & Recent Rumors Summary

  1. Direct catalyst: PMI exceeds expectations. The Caixin China Manufacturing Purchasing Managers' Index (PMI) for February 2024, released on March 1st, recorded 50.9, a slight increase of 0.1 percentage points from the previous month. This is the first time in the second half of 2021 that it has been in the expansion zone for four consecutive months.

  2. Community group buying loss reduction exceeds expectations (rumored), rumored to reduce losses by 10 billion.

  3. In-store profit margin holding at 2% OP/GTV (rumored).

  4. January takeaway exceeds expectations (Ran Shu).

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