Meituan: Volatility Incurred By Subsidy Battle Presents A Buying Opportunity

Core Insights - Meituan (MPNGY) is a "super app" in China that offers a wide range of services and has recently reported its 3Q25 earnings, showing an adjusted net loss of RMB16 billion, marking its first quarterly loss since 2Q22 due to a price war [1] Financial Performance - The adjusted net loss of RMB16 billion indicates a significant financial challenge for Meituan, as it is the first quarterly loss since the second quarter of 2022 [1]