Meituan's profits exceed expectations; global growth planned

Meituan, a leading on-demand service platform in China, recently released its financial results for the fourth quarter of 2024. The company's local commerce revenue met expectations, showing strong performance in that area. Meituan also reported that its losses from overseas investments have decreased. This is a positive sign for the company as it looks to expand its business beyond China. Despite these gains, analysts believe there is still room for growth in specific sectors like in-store shopping, travel, and hotels. The company plans to focus on increasing its market presence in these areas. Moreover, Meituan is paying close attention to investments in artificial intelligence, which could play a key role in its future growth.