Sou Hu Cai Jing·2025-10-27 04:35Core Viewpoint - Meituan plans to raise approximately $3 billion through a bond issuance, marking its largest conventional bond issuance to date [1] Group 1: Bond Issuance - The company intends to issue both US dollar and RMB-denominated senior notes, with proceeds aimed at offshore debt refinancing and other general corporate purposes [1] - The total principal amount, interest rate, payment date, and several other terms and conditions of the notes have yet to be determined [3] Group 2: Financial Performance - In Q2 2025, Meituan's revenue is projected to grow by 11.7% year-on-year to RMB 91.8 billion, up from RMB 82.3 billion in the same period of 2024 [3] - The operating profit of Meituan's core local commerce segment has significantly decreased to RMB 3.7 billion due to intense competition in the food delivery industry [3] - The operating loss in the new business segment has widened to RMB 1.9 billion year-on-year, attributed to overseas expansion efforts [3] - Adjusted EBITDA and adjusted net profit for the period have decreased by 81.5% to RMB 2.8 billion and by 89% to RMB 1.5 billion, respectively [3]