“The Big Bank Report” Jefferies quoted Meituan (03690.HK) as saying that the efficiency of the takeaway business has improved thanks to the strong recovery of the shop

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“The Big Bank Report” Jefferies quoted Meituan (03690.HK) as saying that the efficiency of the takeaway business has improved thanks to the strong recovery of the shop’s activity

Jefferies released a report claiming that he attended a meeting between Meituan (03690.HK) and institutional investors. The bank quoted Meituan’s management as saying that the scale-up efficiency and return on investment (ROI) of the food delivery business continued to improve; in-store business recorded a strong recovery. The hotel sector also returned to a positive growth level on an annual basis; expansion of the food sector …

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