智通财经网·2025-09-17 05:35Core Viewpoint - Meituan's international food delivery brand Keeta has officially launched operations in Kuwait, marking its third entry into the Gulf region after Saudi Arabia and Qatar, indicating the company's aggressive overseas expansion strategy despite increasing competition in the domestic market [1][1]. Company Developments - As of the latest report, Meituan-W (03690) has seen its stock price increase by 4.59%, reaching HKD 104.9, with a trading volume of HKD 3.478 billion [1]. - Keeta's user base and order volume have rapidly grown since its entry into Saudi Arabia in September 2024, and it launched in Qatar in August 2023, followed by Kuwait shortly thereafter [1][1]. Market Expansion Plans - Citigroup's research report highlights Meituan's commitment to overseas market expansion, with expectations for Keeta to enter the UAE by the end of the year and pilot operations in 1 to 2 cities in Brazil in the coming months [1]. - Meituan's management has indicated that the Middle East and Latin America are key areas for overseas expansion, with plans to invest USD 1 billion in Brazil over the next five years, targeting 15 major metropolitan areas and 1,000 cities [1][1].